What's new?

GPs can now set a capital commitment range for LPs when closing into their fund.

What’s important about this change?

Providing a commitment range gives LPs the flexibility to adjust their investment amount during the closing process. And it gives you the ability to provide a custom closings experience for each investor, from individual to institutional.

How does it work?

Set a commitment range in Carta Closings, before inviting your LPs to close. You can set one range for all LPs closing into your fund or custom ranges for each individual LP.

Once the LP enters this amount, you will receive a notification with the final committed capital amount.

Reach out to your Account Director to learn more about Carta Closings today. 

What's new?

Fund managers can now submit reimbursements on Carta Carry.

What’s important about this change?

Gone are the days of holding on to crumpled receipts or combing through credit card statements at quarter’s end to submit for reimbursement.

Now, we’ve streamlined expense management right from your phone. Easily submit a reimbursement in real-time by snapping a picture of the receipt and uploading it in one place.

How does it work?

Tap Submit Reimbursement, then select Add Receipt. You can select to take a picture, choose a photo from your photo library, or upload a file.

Then select the paying entity and where the reimbursement should go. Add any additional information your fund administrator should know when processing this expense, then tap Submit Request.

Don’t have Carta Carry?

Download it on iOS or Android today.

What's new?

GPs can now set a capital commitment range for their LPs.

What’s important about this change?

Providing a commitment range gives LPs the flexibility to adjust their investment amount during the closing process. 

How does it work?

Set a commitment range during your SPV setup process, before inviting your LPs to close. This will give your LPs the opportunity to decide how much they want to commit when closing into your SPV. 

Once the LP closes, you will receive a notification with the final committed capital amount.

What's new?

GPs can now update the primary contact information for an LP.

What’s important about this change?

Previously, if you wanted to update an LPs primary contact, you would have to work with Carta to make this change.

Now, you can update primary contacts, whenever you need to. Plus, you can keep track of all changes made in your LP contact audit log.

How does it work?

Select the entity, then navigate to the Partners tab. Find the primary contact you would like to update, then click on the pencil symbol.

First, select whether the current primary contact should be deleted or downgraded to a secondary contact.

Note: If you only have to update your primary contact’s email address, you will still need to first delete them as primary contact, then re-add them with their new email address.

If this contact is associated with multiple investments, you can apply this contact change across all of their commitments.

Soon your LPs will have visibility into who the primary contact is for their commitments and be able to update this information, whenever they need to. 

How do I learn more or get help?

To learn more about primary contacts and how to update your primary contact information, check out this support article or reach out to your Account Director for a demo.

What's new?

Fund managers can now review and approve management fees on Carta Carry.

What’s important about this change?

Now, whether you're at your desk or on the go, you can conveniently and proactively approve your management fees directly on Carta.

How does it work?

You’ll receive a push notification when your management fees are ready for review. Tap into the task to review the management fee calculations.

If you want to make changes to your management fees, tap Request changes, enter the request, and our fund admin team will make the update.

To approve, click Approve fees. You can then select to transfer the entirety of the management fee, a specific amount, or schedule the management fee to transfer at a later date.

Don't have the app?

Download it on iOS or Android today. 

What's new?

GPs on Carta now have full visibility into the progress of their quarterly financial reports – 15 days before quarter-end.

What’s valuable about this change?

Previously, the process to complete your financials was opaque. A series of emails and phone calls were required to project manage your reporting. Now, conveniently located in your Activity tab, you can see a complete checklist of the tasks required to prepare your financial statements. 

Starting today, you can take action and share information with us directly in Carta. We’ll mark those tasks as complete in real-time. Plus you get a look into everything the fund admin team is working on.

What’s next?

On October 2, you'll receive an email with your draft Q3 financial report(s). If your open tasks are resolved between now and then, your financials will be ready to review, approve, and send to your LPs just one business day after the quarter ends. 

What do I need to do?

1. Check your inbox for a “Get started on Q3 2023 financials” email from Carta
2. Log into your account to view your Financial Reporting Progress experience
3. Toggle between your entities using the dropdown on the top right

Didn’t receive an email or are some of your entities missing from the Financial Report Progress Tracker? Learn more about why.

How do I learn more or get help?

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

What's new?

Fund managers can now see an expected completion date for all tasks in their Activity tab.

What’s important about this change?

You can now see when your fund admin team is expected to complete a task, bringing greater transparency to your back office.

Plus, you’ll see when you need to complete your portion of the task to meet the expected completion date.

How does it work?

On your Activity tab, click into any task to view the expected by date.
 

View the Action Needed By date to see when you need to complete your portion of the task to meet the expected by date.

What's new?

Fund managers can now view an audit of all changes made to LP contacts.

What’s important about this change?

You now have full visibility into any changes made to your LPs contact information, including: 

• Who added each contact 
• When they were added  
• Any permission changes
• Who changed the permissions 

Plus, you can now easily see if a contact is associated with additional LPs in your firm or switch between fund commitments to view a contact audit across investments.

How does it work?

Select the entity, navigate to the Partners tab, then select Contacts. Find the contact you would like to audit, then click on the last updated date. 

You can now view who added the contact, when they were added, and more. Click the carrot drop down to view contact permissions.

Click the carrot drow down next to Show contact audit in fund commitment to view a contact audit across investments.

To view recent changes made to contacts, sort your contact list by clicking the Last updated column header.

How do I learn more or get help?

To learn more about LP Contact Audits, check out this support article or reach out to your Relationship Manager for a demo.

What's new?

Submit invoices directly on Carta. Now, you can skip the back-and-forth over email and upload all the required information to set up a wire in two simple steps.

What’s valuable about this change?

From the moment you initiate a vendor payment to when your wire is set up, you can track its progress from anywhere, at any time. Plus, you can maintain your operational cadence and submit invoices to Carta in bulk.

What do I need to do?

1. Log into your Carta account and click Initiate a vendor payment in your Quick Actions list
2. Upload the invoice and indicate which bank account to make the payment from
3. Submit the expense and get an instant progress tracker for your wires

How do I learn more or get help?

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