Section I · vs PPMFast

PPMWizard vs PPMFast

PPMFast is a template marketplace for private placement memorandums — pay once for a Word document that matches your exemption and asset class, and take it from there. PPMWizard is a different shape of product: a guided wizard with a subscription, built around the idea that most sponsors raise more than once and deserve a tool that improves as they do. Here is what each approach does well, and how they compare on the questions that usually decide.

What PPMFast is

A one-time-purchase template marketplace

PPMFast sells a catalog of PPM Word templates tuned by exemption and asset class. You pick the template that matches your raise, pay a one-time fee (typically in the several-hundred to nearly-two-thousand-dollar range per document), and download a file you can edit in Word. The output is static: the template you download today is the template you use, and future versions are typically a separate purchase.

For a sponsor doing a single one-off raise, that model can be attractive — predictable cost, no subscription, a document you own outright. The tradeoff is that every downstream piece of work (waterfall math, risk-factor editing, subscription mechanics) is yours to assemble.

What PPMWizard is

A guided wizard with a hosted subscription

PPMWizard is a hosted app you sign into. You walk a guided flow that asks structured questions about your deal, your exemption, your sponsor, and your distributions, and the document assembles as you go. A built-in waterfall calculator, a 16-family risk library, 27+ sample offerings, and an editorial layout engine come with the $199/month subscription.

The model is priced for sponsors who raise more than once. One subscription covers every PPM you draft — new asset class, new exemption, new deal structure — without a per-template purchase for each new raise.

Section II · Side by Side

Eleven questions a sponsor should ask both products

Below is a factual side-by-side of PPMFast and PPMWizard on the points that usually decide. Where PPMFast's product details are not publicly documented, we have used hedged language.

PPMFast

PPMWizard

Pricing model

One-time purchase per template, typically in the several-hundred to nearly-two-thousand-dollar range.

Flat subscription: $199/month or $1,990/year, unlimited PPMs. Free tier with 3 drafts and preview.

Draft mechanism

Static Word templates. Copy-paste your deal into placeholders.

Guided wizard. Answer structured questions; the document assembles as you go.

Built-in distribution waterfall

Typically no live waterfall math — you compute splits externally and paste numbers in.

Preferred return, catch-up, promote, IRR hurdles built in. Math flows into prose and sensitivity tables.

Risk factor library

Risk sections come as generic disclosure copy in the template.

16-family curated library tuned by asset class and exemption, plus custom-risk builder.

Exemption-aware language

Buy the template that matches your exemption. Language does not adapt once you open the file.

Toggle between 506(b) and 506(c) inside the wizard. Solicitation, verification, and disclosure language change together.

Updates after purchase

Once downloaded, the file is yours as-is. New versions typically require another purchase.

Hosted product. Disclosure updates and new features reach your account automatically while you subscribe.

Asset-class coverage

A catalog of distinct templates per asset class — pick the one closest to your deal.

Real estate, business M&A, oil & gas, private credit, venture SPVs, farmland, film — all from one wizard.

Asset-class tuning inside the draft

The template you bought is the template you use. No dynamic tuning once you open it.

Projections shape, risk library, and disclosure voice tune to the asset class you selected.

Counsel redline loop

Export to Word and send to counsel. Redlines go back into the same file.

Export PDF for counsel; changes live in the wizard so every future draft inherits them.

Form D pre-fill

Typically not included — Form D is prepared separately by your counsel or filer.

Pre-filled Form D PDF for counsel to review and file through EDGAR.

Excel underwriting model export

Typically Word documents only. Investor-model spreadsheet is separate work.

Excel export of the underwriting model, waterfall, and pro forma alongside the PDF.

Comparison reflects publicly available PPMFast information at time of writing. Pricing, features, and product shape may change; verify details on the PPMFast site before making a buying decision.

Section III · Honest Fit

Each product fits a different raise

When PPMFast might be the right fit

If you are doing a single, one-off raise and do not expect to come back for another — a family-office spinout, a one-time partnership, a specific deal with no follow-on cadence — a one-time template purchase can be the right shape. You pay once, own the document, and move on.

A template model also fits when you already have a working waterfall model in Excel, already have a securities attorney on retainer who will be doing most of the real drafting anyway, and just need a defensible starting shell for the PPM itself.

When PPMWizard is the right fit

Repeat sponsors who run more than one deal a year. Funds and syndication shops raising across multiple asset classes. Teams that need the waterfall math baked into the document rather than computed in a separate spreadsheet.

Anyone who wants a freemium entry point — try the full wizard, preview the output, share a watermarked PDF with counsel, and only subscribe if the draft is good. The subscription model earns its keep when you use it on multiple raises in a row.

Colophon · Try the wizard yourself

Walk the wizard. Compare in an afternoon.

The free tier is the fastest honest comparison. Draft your real deal, preview the rendered PPM, and decide whether the guided wizard beats the template you were otherwise going to buy.

See pricing

Drafting tool only — attorney review required before issuance