Flows: For Drawdown Funds (lpInterest)

Working with Dropdown Funds

The following flows apply to drawdown funds:

• initial fund/offering setup (see Flows: For All Investment Vehicles)

• transfers (see Flows: For All Investment Vehicles)

• initial investments

• capital calls

• distributions

Initial Investments

The initial investments for a drawdown fund have the following flow, with securities issued when the Asset Manager or Transfer Agent runs a close for a batch of accepted shares. This flow assumes that:

• The investing org has been assigned to the fund.

• The investing org has accepted that assignment.

The Integration API refers to the initial step in subscribing as "creating an asset."

	Task	How
1	Inv - Create Asset (Lot)	../primary/asset
2	AM/TA - Reject Asset (Investment) AM/TA - Mark Assets Batch as Accepted	../primary/{assetId}/reject ../primary/batch-mark-accepted
3	AM/TA - Run Close	../primary/run-close

Capital Calls

If a drawdown fund is configured for capital calls, the event can be started by either the general partner or the transfer agent, and both parties must approve.

If there is no transfer agent, then the general partner must still approve.

	Task	How
1	AM/TA - Initiate Capital Call	../capital-events
2	AM/TA - Approve/Reject Capital Call	../capital-events/{capitalEventId}/approve
		../capital-events/{capitalEventId}/reject
3	Inv - Fund Capital Call (Mark as Funded)	../capital-events/{capitalEventId}/assets/fund
4	AM/TA - Settle Capital Call	../capital-events/{capitalEventId}/assets/settle
5	AM/TA - Close Capital Call	../capital-events/{capitalEventId}/close

Distributions

If a drawdown fund is configured for distributions, the event can be started by either the general partner or the tranfer agent, and both parties must approve.

If there is no tranfer agent, then the general partner must still approve.

	Task	How
1	AM/TA - Initiate Distribution	../capital-events
2	AM/TA - Approve/Reject Distribution	../capital-events/{capitalEventId}/approve
		./capital-events/{capitalEventId}/reject
3	AM/TA - Settle Distribution	../capital-events/{capitalEventId}/assets/settle
4	AM/TA - Close Distribution	../capital-events/{capitalEventId}/close