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GP · SPV · Per deal

Co-investment offer to LPs

The rest of a deal goes to the LPs with the right or the wish to co-invest, each with an allocation and a deadline, and every yes goes into onboarding.

PlanCo-investment offer to LPs

  1. Find who has the right to co-invest

    Held

    Operator reads your side letters for co-investment rights and priority, citing each clause, next to the LPs who asked to co-invest.

    Operator

  2. Propose the allocations

    Held

    Operator proposes each LP’s allocation from their rights, their interest and their commitment to the fund.

    Operator

  3. Approve the allocation

    Held

    You review the proposed allocation and approve it before any offer goes out.

    PersonGP approves

  4. Send each LP their offer

    Held

    Invites each LP to the co-investment SPV at their own allocation, with the deadline in the message. An allocation you change comes back on its own.

    API actionper LPGP approves all in one go

  5. Onboard everyone who accepts

    Held

    Runs the investor onboarding playbook for each acceptance: compliance checks, signing, countersigning and admission into the SPV.

    Planper LP

  6. Mark the applications contacted

    Held

    Marks each co-investment application as contacted, so your pipeline shows who already has an offer.

    API actionper applicationGP approves all in one go

  7. Report what’s unclaimed

    Held

    At the deadline, Operator compares what was signed with what was offered and hands anything unclaimed back to you to re-offer or take up.

    OperatorWaits until the deadline

The plan as it runs: each step waits for the one before it, and stops at its gate until the owner approves.

At a glance

Who runs it, and when

Who runs it
GP
What starts it
A deal is bigger than the fund’s cheque, and you offer the rest to your LPs through a co-investment SPV.
How often
Per deal
Vehicle
SPV

Ask Operator

Start it in a sentence

Ask Operator in chat. It drafts the plan for your fund, and nothing runs until you release it.

  • You

    Offer the rest of this round to the LPs who wanted co-invest, pro rata to their commitments.

  • You

    Who has co-invest rights on this deal? Offer them the rest of the round.

  • You

    Run the co-invest for the Series B.

The outcome

Every chosen LP has an offer at their approved allocation, every acceptance is in onboarding, and anything unclaimed at the deadline is back with you.

What it proves

  • Reads co-investment rights straight from your side letters and cites the clause behind each one.
  • Sends no offer until you have approved the allocation, then every LP’s offer in one go.
  • Brings back on its own an offer whose allocation you changed.
  • Runs the onboarding playbook for each LP who accepts.
  • Waits for the deadline, then hands anything unclaimed back to you.
  • Shows each LP only their own allocation and deadline; you see the whole book.

Run it on your fund

Talk to the team about running this playbook on your own fund.

Talk to a human