What's new?

Carta now supports automated preferred return waterfalls. 

What’s valuable about this change?

If you have a preferred return hurdle, your Fund Admin team will automate and review waterfalls directly in the Carta app. These improvements enable us to process more complex calculations in real-time, resulting in faster book closures, more secure data entry and the ability to view fund metrics in the app as they happen.

What do I need to do?

No action is needed. Your teams will start to calculate this performance hurdle online immediately.  

How do I learn more or get help?

Reach out to your account manager or talk to one of our representatives today. 

What's new?

You can now send a confirmation request to your LPs directly from Carta, allowing them to easily add or confirm their wire instructions prior to a distribution.

What’s important about this change?

We’ve made it easier to confirm the accuracy of LPs' wire instructions.

Prior to a distribution, you can now send a request to an individual LP, a group of LPs, or all LPs in the distribution to update or confirm their wire instructions.

Once the request is sent, your LP will receive an email from Carta prompting them to update or confirm their wire instructions in their LP Portal.

Once updated or confirmed, you will see a new status of Confirmed next to the LP’s name in the Wire Instructions Status column in your Partners tab as well as a complete Audit Trail of who added and confirmed the LPs wire instructions. 

What do I need to do?

After submitting a distribution request in Carta, click Request Wire Instructions. You can also initiate this request at any time by using the Request Wire Instructions button on the Partners page.

Select the individual investors or group of investors you’d like to send a request to. Set a deadline and optionally customize the email message your LPs will receive. Review the contacts that will receive the notification and then click Send.  

Your investors will receive an email asking them to add or confirm their wire instructions are current. After clicking Review wire instructions, they’ll be directed to their LP Portal where they can easily add or update in a few clicks.

What's new?

Take control of your investor communications with proactive scheduling.

What’s valuable about this change?

Specify the date you want notices to be shared with your investors for capital calls or distributions, and your Fund Admin team will proactively schedule the notification. 

What do I need to do?

When you request a capital call or distribution in-app, you can choose an Issue date. This will be the date notices are sent to your LPs. 

How do I learn more or get help?

Reach out to your account manager or talk to one of our representatives today. 

What's new?

GPs now have full visibility into the accuracy and completeness of LP wire instructions.

What’s important about this change?

Send distributions confidently.

With Carta’s LP Wire Audit Trail, GPs can confirm the accuracy of their investors' wire instructions prior to sending a distribution. You can now view: 

• Who entered the wire instructions and when they were entered
• When they were last confirmed as accurate and who confirmed them 
• Which entities they’re allocated towards 
• The bank account to which the wire transfer will be executed 

What do I need to do?

Select the entity and navigate to the Partners tab. Click the three dots next to the investor's name that you want to view the details of instructions for. 

View information like confirmation date, confirmation person, and bank details. You can also view which LPs have not yet provided their wire instructions, noted by the status of Missing, in the Wire Info Status column.

Coming soon: We’ll be releasing an even easier way for you to request LPs confirm the accuracy of their wire instructions in Carta.

What's new?

Make critical updates to your capital calls when it matters most.

What’s valuable about this change?

Now, you can revise wire instructions on an active capital call, and new notices will be created for your partners on Carta.

What do I need to do?

Get in touch with your Fund Admin and they will edit the wire instructions for you.

How do I learn more or get help?

Reach out to your account manager or talk to one of our representatives today. 

What's new?

Access time-sensitive LP audit confirms, on demand.

What’s valuable about this change?

If your LP is a fund of funds or they are audited, they will likely ask you to complete an audit confirmation for them. This report details information such as their commitment amount and amounts contributed.

What do I need to do?

If your LP's audit team sends you a request to verify the LP's commitments in your fund, reach out to your Fund Admin team and they can quickly pull together the information you need.

How do I learn more or get help?

Get in touch with your Account Manager or talk to one of our representatives today. 

What's new?

LPs can now easily filter, find, and download tax documents.

What’s important about this change?

A smoother tax season for investors. 

We’ve improved the Documents tab in our LP Portal so investors can easily:

• Filter documents: By document type and tax year
• View statuses: Including which entities have shared K-1s and which haven’t 
• Bulk download: Download all tax documents in a single click 

What do I need to do?

Navigate to the Documents tab of your LP Portal and select the tax year you’d like to access tax documents for.

See which documents you’ve already viewed and which entities have shared their K-1s versus which are still pending. 

Download documents individually by clicking View or bulk download documents by clicking Download all.

Have additional questions about how Carta can support you and your LPs during tax season? Reach out to your account manager or talk to one of our representatives today. 

What's new?

GPs can now click on a specific investor's name within their Capital Activity Notice PDF to quickly view the details of that investor's notice.  

What’s valuable about this change?

Get the information you need, faster.

Save time by no longer having to scroll through pages of notices until you find the right LP. Easily search and select the LP to be automatically directed to that LPs notice.

What do I need to do?

1. Log into your Carta account and navigate to the Activity tab
2. Click into the details of an active capital call in your task list
3. Scroll down to Notification to Investors and select the Document Outline icon
4. Then, select the LP to review their capital call notice

What's new?

What’s valuable about this change?

Distributions made smoother. Request, view, and approve your distributions in the same place you manage your fund.

What do I need to do?

1. Login to your Carta account, select the entity, and navigate to the Capital activity tab
2. Click “Request distribution” and enter the amount of capital to be distributed
3. Enter distribution details including distribution notice, money transfer dates, and source of proceeds
4. Select “Continue”, review the distribution details, and Submit

Note: For same day processing, the request must be made before 3:00pm EST.

How do I learn more or get help?

Visit this support article for a more detailed view into distributions.

What's new?

GPs can now include a detailed breakdown of capital in their capital call and distribution notices to maintain transparency with their investors.

What’s important or valuable about this change?

Institutional investors prefer to see a breakdown of capital versus a lump sum for internal reporting purposes. We make it easy to provide inventors that information:

Capital calls: Specify what dollar amount or percentage of the amount called is going towards investments, expenses, management fees, and more.

Distributions: Break down the return by dollar amount or percentage into capital, realized gains, or income.

What do I need to do?

On the Overview tab of your portal, select the entity, then navigate to the Capital Activity tab. Click Request Capital Call and follow the steps. Specify the breakdown of capital in the Notes for your Fund Administrator section.  

For distributions, click Request Distribution and complete the steps above. 

Once submitted, it will appear on the capital call or distribution notice for your review and approval.

Have additional questions about Carta’s capital activity? Reach out to your account manager or request a demo today.