For SCorp, CCorp, Ltd., and Trusts, Offering Terms has the following subsections:
Use the following table to complete this section:
Name
Legal name of the security being offered.
Short Name
Alternate name that the security is known by.
Security Type
Equity is the selection for funds that are not LP or LLC funds.
Registration Status
33 Act Registration
Select if the fund is registered under the 33 Act.
Exempt from 33 Act Registration
Select if the fund is exempt, then select from RegD:506(B), RegD:506(C), RegS.
Price Type
At NAV (Prior Period)
Select to base on NAV of prior period.
At NAV (Next Period)
Select to base on NAV of next period.
Closing Frequency
Select from Daily, Weekly, Monthly, Quarterly, Semi-Annually, Annually, Other.
External Identifiers
(Optional) Click Add identifiers table to provide any supported identifiers.
Identifier Name
Select from ISIN, CUSIP, or Ticker.
ID
Enter the ID for the selected identifier type. Click Add a new row to include multiple identifiers.
Click Save.
Security Settings are part of the Launch New Offering payload.
Use the following table to complete this section:
Name
Name of the share class.
Class ID
Identifier assigned by the platform once the fund is launched.
Frontend
Frontend fee (%) for the share class.
Backend
Backend fee (%) for the share class.
Eligibility
Select from Brokerage, Institutional, Advisory, Other.
Min Investment
Minimum investment ($) for the share class.
Allow investments below the minimum amount to be accepted
Description
(Optional) Supporting text providing details about the share class.
External Identifiers
(Optional) Click Add identifiers table to provide any supported identifiers.
Identifier Name
Select from ISIN, CUSIP, or Ticker.
ID
Enter the ID for the selected identifier type. Click Add a new Row to include multiple identifiers.
Class includes other fees
Select if you want to display a table for additional fees.
Description
Description of fee.
Unit
Select from Amount, Percentage, Basis Points.
Value
Enter the fee.
Frequency
Select from Weekly, Monthly, Quarterly, Semi-Annually, Annually, One-Off, Other.
Click Add Share Class to provide the above information for another share class.
Click Save.
Share Class Information is part of the Launch New Offering payload.
Use the following table to complete this section:
Dividend Option
Select from Mandatory Dividend, Discretionary Dividend, No Dividend.
Percentage
For Mandatory Dividend, enter the percentage of the dividend.
Payment Schedule
For Mandatory Dividend, select from Monthly, Quarterly, Semi-Annually, Annually, On Conversion / Maturity.
Dividend Type
For Mandatory, select from Cumulative, Non-Cumulative.
Click Save.
Dividend Options are part of the Launch New Offering payload.
To add fees:
Click Includes management fee.
Use the following table to define a management fee:
Description
Description of the fee.
Unit
Select from Amount, Percentage, and Basis Points.
Value
Amount of the fee.
Frequency
How often the fee is charged.
To add multiple management fees, click Add a new row.
To add a performance fee, click Includes performance fee.
Use the following table to define a performance fee:
Description
Description of the fee.
Unit
Select from Amount, Percentage, and Basis Points.
Value
Amount of the fee.
Frequency
How often the fee is charged.
To add an additional performance fee, click Add a new row.
To add a fee that does not fall under the category of management or performance, click Includes other fee.
Use the following table to define a custom fee type:
Description
Description of the fee.
Unit
Select from Amount, Percentage, and Basis Points.
Value
Amount of the fee.
Frequency
How often the fee is charged.
To add an additional custom fee, click Add a new row.
Click Save when all fees are defined.
Fee Information is part of the Launch New Offering payload.
Use the following table to complete this section:
Sales Process
Select from Non-Contingent, Continuous.
Offering Start Date
Select the date on which the offering will start.
Offering End Date
For Non-Contingent, select the date on which the offering will end.
Maximum Amount
Enter the maximum investment.
Click Save.
Sale Information is part of the Launch New Offering payload.
