THE DECISION LEDGER FOR PE, VC AND FAMILY OFFICES

Most tools help you get to a decision.
TheCipher helps you get better at deciding.

Faro, our AI agent, builds your firm's Decision Ledger: what you knew, what you believed, what you decided, and what actually happened. So the lessons from every deal show up in the next one.

Watch the 3-minute walkthrough

THE REAL PROBLEM

Institutional amnesia.

The deal gets done. The decision gets made. The memo gets filed. And the next committee starts over.

People leave.

The partner who saw this pattern last time isn't in the room.

Recency wins.

The last deal shapes the next one more than the last ten.

Memos get filed.

The reasoning is written down, then never read again.

If the next decision is no better, what did your firm learn?

Everyone else makes the decision faster. We make the next one better.

WHAT MOST TOOLS DO

WHAT THECIPHER DOES

WHAT MOST TOOLS DOAI can write the investment thesis.

WHAT THECIPHER DOESTheCipher shows you where it was right.

WHAT MOST TOOLS DOEveryone wants to speed up the committee.

WHAT THECIPHER DOESTheCipher helps it get better over time.

WHAT MOST TOOLS DOMost systems save the decision.

WHAT THECIPHER DOESTheCipher puts it to work on the next one.

WHAT MOST TOOLS DOYour firm gets better documented.

WHAT THECIPHER DOESYour firm gets wiser with every deal.

TheCipher works alongside your CRM, data room and AI tools. It doesn't replace them.

Every decision should make the next one better.

Faro captures.

What did we know? What did we believe? Why?

Faro connects.

What did we decide? What happened?

Faro resurfaces.

What has the firm already learned that matters now?

Faro learns.

Every outcome sharpens the pattern for next time.

Investment Committee · Draft · CEO scaling-risk review

Project Lighthouse, Series C

v.04

Illustrative example

Thesis: Lighthouse is positioned to lead category consolidation given scaled distribution and improving unit economics.

Risk: CEO has not previously managed a team beyond 40 people. Surfaced by Faro Similar concern raised in Project Meridian, Series B, 2024. Past judgment surfaced

Prior outcome: Meridian's CEO scaling gap led to a 9-month delay before the board intervened. Prior outcome connected

Recommendation: Proceed, with an explicit 6-month leadership review checkpoint tied to headcount growth. Source attached Meridian board minutes, Oct 2024.

See how Faro works →

We've been doing this in our heads for twenty years. TheCipher is the first time it's actually compounded.

Partner, Growth Equity Fund · Founding Client

From the founder

Clint Browning spent 25 years placing the leaders private capital bets on, at Korn Ferry, Daversa Partners and Cipher Partners.

He built TheCipher after watching firms lose hard-won judgment every time someone left.

Read the founder's thesis →

FOUNDING CLIENT PROGRAM

The next deal should benefit from the last one.

Bring us a decision your firm has seen before.

A 30-minute conversation.

We choose one consequential decision together.

Your Ledger, live in 48 hours.

Faro structures your firm's history around that decision.

A readout with your partners.