GP · Fund · As needed
LP consent vote
Puts one matter to your investors, chases the ones who haven’t voted, and counts the result the way your LPA does.
PlanLP consent vote
Send the resolution
HeldDrafts the resolution with its questions and deadline and sends it to every voting account, once you have confirmed the text, deadline and accounts.
API actionGP confirmsRemind the non-voters
HeldOperator ranks the investors who haven’t voted by how much their vote weighs and drafts a reminder for each, then the reminders go out.
API actionper investorWaits 5 business daysGP approves all in one goSend the final reminders
HeldSends a last reminder to the investors still outstanding. If the vote can no longer pass, Operator tells you first, so you can take over.
API actionper investorWaits until two business days before the deadlineGP approves all in one goCount the votes
HeldOperator weighs the final votes the way your LPA counts them, by account or by commitment, and drafts the results summary.
OperatorWaits until the day after the deadlineFile the results
HeldFiles the results report on the resolution once you have approved the summary.
API actionGP approvesSend the results
HeldSends the results to everyone the resolution went to. A junior sees the counts; you see each account’s vote.
API actionGP confirms
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 matter your LPA or SPV agreement puts to investors, such as an amendment, an extension or a dissolution.
- How often
- As needed
- 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
Put the LPA amendment to a vote of Fund I’s LPs.
- You
Ask Fund II’s LPs to approve a one-year extension by December 15.
- You
Get the SPV’s investors to consent to the dissolution.
The outcome
The resolution reached every eligible investor, non-voters were reminded at most twice, and everyone has the result, counted the way your LPA counts it.
What it proves
- Counts the result the way your LPA does, by account or by commitment.
- Reminds non-voters in order of how much their vote weighs, each round behind one approval.
- Waits for set dates around the deadline with no one watching the clock.
- Tells you early when the vote can no longer pass, and lets you take over.
- Can run as a step of another playbook, such as an extension or a dissolution.
- Shows a junior the counts and you each investor’s vote.