What changed?
Movement against the original case—not another isolated summary.
For investors who prefer to know early
Private investments don't ring an alarm.DealFlo does.
When the thesis changes, know before the next call. Forward the original case and each new update; DealFlo shows what moved, why it matters, and where it came from.
First 2 Thesis Drift Checks free · No card · Every finding source-linked
N
3 quiet changesNorthstar Aviation Income IQuarterly update reconciled
Fictional Thesis Drift CheckUpdated now
01Original underwritingMay 2026
versus07Latest updateQ2 2028
Original case2029Expected exit
→Latest update2031Expected exit
+2 years01 · The danger is quiet
The deal still looks the same.
The thesis doesn't.
Nothing collapsed. No alarm went off. The exit moved two years, the cash yield weakened, and the return case became more dependent on assumptions that were once temporary.
Northstar Aviation Income IPromise versus reality
| Measure | Original case · May 2026 | Latest update · Q2 2028 | Movement |
|---|---|---|---|
| Expected IRR | 16.8% | →11.2% | −5.6 pts |
| Cash yield | 9.1% | →5.8% | −3.3 pts |
| Expected exit | 2029 | →2031 | +2 years |
| Terminal value | $42.0M | →$37.4M | −11% |
Fictional source excerptQ2_2028_Update.pdf · page 14
“Given the revised disposition timetable, we now expect the remaining aircraft sales to occur between 2030 and 2031.”
What this changesExit timing moved. The return case weakened with it.
- Expected exit +2 years
- Expected IRR −5.6 pts
- Evidence Source linked
Flo also knows when to stay quiet. “No material thesis change” is a useful result.
02 · Meaning before filing
The expensive part isn't missing a document.
It's missing what the document means.
DealFlo turns each update into three questions an investor can act on.
What stopped being true?
Promises, assumptions, and support that no longer match the evidence.
What deserves attention?
Decisions, missing evidence, and next actions before they become surprises.
General AI answers the question you remembered to ask.DealFlo notices what changed before you think to ask.
03 · A small habit with asymmetric value
When an update arrives,
forward it to DealFlo.
No filing system to design. No prompt to rewrite. No investment history to reconstruct.
- 01
Forward the original dealThe promise is preserved before the story has time to move.
- 02
Forward each new updateNew claims are reconciled against what came before.
- 03
See what movedMaterial changes, missing support, and source evidence rise above the noise.
Northstar_Deck.pdfOriginal promise
✓Operating_Model.xlsxReturn assumptions
✓Investor contextYour questions
✓Q2_2028_Update.pdfLatest story
✓Material movement3changes deserve attention
Exit timing moved two years
Cash yield weakened 3.3 points
Terminal-value support is incomplete
04 · Investment memory
Your judgment
should compound too.
Every check preserves what persuaded you, what worried you, what you rejected, and what eventually proved true.
Aircraft SPVResidual-value proof missing
InvestigatedIndustrial real estateExit control below mandate
PassedPrivate creditDownside matched preference
InvestedA better record does not replace judgment. It makes judgment harder to rewrite after the fact.
05 · Risk reversed
Two checks are free.
Keep DealFlo only if you'd miss it.
Use one on the next update already sitting in your inbox. Continue only when the signal proves useful.
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- Original-versus-latest comparison
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Flo marks provenance—it is not an oracle. Important findings remain reviewable, editable, and subordinate to your judgment.
The next update is already coming
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to surprise.
Give each deal a memory that preserves the original promise and notices when the story quietly changes around it.
First 2 checks free · No card · Decision support, not investment adviceFlo checkedNo material thesis change.Four operating facts updated. The original case still holds.
View the source trail →