Note: This article has been updated to reflect recent changes in the software. Please review the new information to stay up to date with the latest features and improvements.
STEP-BY-STEP INSTRUCTIONS:
IMPORTANT: If you create a Capital Raise with Capital Calls, you can also allow the investors to fund ALL of their investment at one time if something changes and you no longer need to call the capital in stages.
Step 1. Create a Capital Raise
Select "Yes" for a New Project OR "No" for an existing project
Continue through the workflow (Naming the capital raise & target amount + date)
Select "Progressively with Capital Calls"
Continue through the workflow (Adding a class and selecting a pipeline)
Select "Create Capital Raise"
Step 2. Create a Capital Call via the Project
First, you'll need to set up the capital raise/deal room. This training series guides you through the steps in detail!
Once commitments have been recorded, you can then call capital! In the first image below, there is a total of $4,750,000 across 5 commitments. (Viewed in the Capital Raise)
Navigate to the Project --> Capital Calls Tab --> Select "Create Capital Calls"
Step 2a. Go through the Capital Calls flow
Name the capital call (e.g. Capital Call #1)
Select: How would you like to call capital?
(%) Percent of Outstanding Balance
($) Fixed Call Amount
Enter either a percentage or dollar amount based on your above selection. Note: This is based on the amount of committed capital to date.
Enter a Capital Call Deadline (Optional)
If everything looks as it should, select Create Draft.
Step 3. Activate capital call
Select "Activate" in the selected capital call
Select how you'd like to notify your investors of the new capital call
Select "Activate Quietly" or "Send Notification"
When selecting "Send Notification", sponsors will be able to customize the email and attachments sent with the email notification
There will be an option to attach the InvestNext Generated Statement and/or to upload a Custom Document
When needed, click "Set Status" to toggle the capital call from active to closed when necessary
Note: Amounts cannot be edited. They are calculated pro-rata across the number of commitments.
You have the option to enable a setting that will send notifications related to capital calls to all related contacts. This can be found by going to Settings > Advanced Settings.
Tip #1. Send reminders
Select which investors need a reminder notification
Click "Send Reminder"
Edit the Reminder Notification and click "Send Reminder"
Capital calls can now be deleted from the sponsor portal in a few, simple steps. To delete an active capital call, no full or partial funding must be received.