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LP Interest Transfer Processing demo

Takes each secondary transfer of an LP interest from request to GP consent, for fund ops 1:35

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What the demo shows

Takes each secondary transfer of an LP interest from request to GP consent, for fund ops

The transfer bridge puts the selling investor on the left and the buyer on the right, joined by six checkpoints: LPA transfer restrictions, the benefit-plan 25% test, holder count and safe harbors, buyer KYC, tax forms and GP consent; beneath it, the capital account split as of the effective date. Seven agents do the work: the Intake agent reads and matches each request, the Transfer-terms agent reads the agreement against the LPA and side letters in any language and drafts amendments, the Limits agent replays every open transfer in the fund against the 100-partner, 2% and 25% limits, the Buyer onboarding agent runs KYC and tax forms, the Capital account agent splits the account, the Checker agent re-derives every figure on its own, and the Consent drafter writes the consent package. Counsel approves the documents, the CFO consents, and a second person checks the register update.

Transcript

  1. LP Interest Transfer Processing takes each secondary sale of a fund interest to GP consent.
  2. Four fund operations, counsel and CFOs, one wrong consent can break a fund's plan limit.
  3. The Ellery Foundation sells $20 million of Buyout Fund 3 to Marlowe Secondaries.
  4. Seven agents walk the bridge, terms, plan limit, holders, KYC, tax forms and consent.
  5. Partners reach 98 of 100.
  6. A second queued sale would hit the cap.
  7. The effective date breaks the LPA's quarter-end rule, and both clauses are cited.
  8. A checker agent agrees on all 14 figures of the split.
  9. Counsel approves a one-line amendment with a reasoned code and signature.
  10. The CFO consents on one page every check in front of her.
  11. A second person posts the register.
  12. never the one who prepared it every value is cited every decision signed and logged consent in four business days with no
  13. limit broken built on Botminds agents data screens and governance on one platform

Transcribed from the film’s narration. Captions are on the player.