GP · Fund · Once per fund
Run the first close
On the date you set, every LP on the closing list is onboarded and admitted, the first call is out and LPs have the closing announcement.
PlanRun the first close
Check you’re over the minimum
HeldOperator reads the pipeline, checks signed commitments against your minimum close and drafts the closing list, flagging the large LPs.
OperatorOnboard every LP on the list
HeldOnce you approve the closing list, runs the investor onboarding playbook for each LP, through KYC, signing and countersignature to admission, without sending invitations twice.
Planper LPGP approvesCheck the large LPs are ready
HeldIf a large LP still hasn’t signed, Operator holds the close until you resume it or drop them.
OperatorWaits until five business days before the closeDraft the first call and announcement
HeldOperator drafts the first call and the closing announcement, and waits for your final go-ahead.
OperatorWaits until the close dateGP approvesSend the first call
HeldOpens the first round of calls once you confirm it, then sends each LP their notice against its exact preview.
API actionper LPGP approves all in one goSend the closing announcement
HeldCreates the closing announcement and sends it to every admitted LP.
API actionGP confirmsFile Form D
HeldYour counsel gets the Form D filing as a task and confirms when it is filed.
PersonWaits until the close dateCounsel approves
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
- Signed commitments clear your minimum close and you set a first-close date.
- How often
- Once per fund
- Vehicle
- Fund
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
Let’s do the first close of Fund II on the 15th.
- You
We’re over the minimum, close everyone who’s signed by month end.
- You
Run the first close and send the first call.
The outcome
Every LP on your closing list is admitted or dropped by you, the first call and the closing announcement have gone out, and counsel has the Form D task.
What it proves
- Runs a full investor onboarding for every LP on the list, side by side.
- Warns you before the close if a large LP isn’t ready, and holds until you decide.
- Waits for the close date, then needs your go-ahead before the first call is drafted.
- Sends every LP’s first call behind one approval, each against its exact preview.
- Hands the Form D filing to your counsel as a task.