Private equity fundraising software is sold by three kinds of vendor and means something different from each: the deal CRM vendors mean a fundraising pipeline beside the deal pipeline, the administration platforms mean investor onboarding and the subscription documents, and the investor record means the prospective investors as rows that become commitments. This page describes what the software has to hold for a fund raising from limited partners, regardless of which vendor sells it, and says which of the three this site's product is, with the worked figures from its worksheets.
What the software holds for each prospective investor
A name and an institution; who introduced them and on what terms; who at the fund owns the relationship; the stage, from first meeting to closed; the soft-circled amount with its date, kept apart from the commitment; the documents sent and the questions asked; and, at the close, the commitment itself. Everything before the last item is fundraising; the last item is the investor record. Software that holds the first list and not the last, or the last and not the first, makes the fund keep two lists and reconcile them on closing day.
What it computes: the raise against the target, and the first calls
Signed commitments against the target and the minimum first close, which is the honest progress figure; soft circles against the target, which is the optimistic one; and, once the first close has happened, the first capital calls against every commitment. On this site's worked example a fund that closed on ten million dollars of commitments and called sixty-five percent has six and a half million paid in, and an investor with a five million dollar commitment receiving a ten percent call is sent a notice for five hundred thousand. Fundraising software that cannot issue that notice has stopped at the close.
Which vendor's version fits which fund
A firm with a deal team and an investor relations function buys the platform whose fundraising module sits beside its deal pipeline, because the same partners raise and invest. A multi-fund manager with an administrator uses the administrator's onboarding and portal. A first or second fund raising from a few dozen investors needs the prospect rows to become commitment rows without retyping, and then needs those rows to issue calls, which is the investor record. Rapportvo is the third kind and nothing else, and this page names the other two so nobody buys it for them.
Questions people ask about private equity fundraising software
Is private equity fundraising software the same as investor onboarding software?
Onboarding is the subscription documents, the eligibility checks and the wire instructions at the close; it is the administrator's or counsel's process. Fundraising software is the pipeline before it and the record after it.
Should the software send the fundraising emails?
It should record what was sent to whom and when. Whether it sends them depends on how a fund raises; the platforms built for firms with an investor relations function do, and a small fund's partners usually write their own.
Does Rapportvo hold prospects who never commit?
Yes, as rows with no commitment, because they are the next fund's pipeline and the record of who was approached is part of the raise.