This article explains how a sponsor can effectively track the sale of investor ownership to another investor.
When an investor decides to sell their ownership, you can efficiently transfer and track this transaction within the syndication by following these steps.
First, navigate to Portfolio > The Offering. Next, select the Investor who has sold their shares and update the investment status from Approved to Ownership Sold.
Next, create a new investment record for the buyer of the shares and upload the relevant subscription or addendum agreement. This step allows the new investor to effectively monitor their investment. Additionally, it ensures that both Sponsor and the original investor retain access to their historical distribution information in their profile.
- Navigate to Portfolio > Offering > Add Investment in the top right corner.
- Select the new investor from the user dropdown menu.
- Choose the investment profile, Designate the class and Add the signed document date.
- Specify the commitment and Contribution amount for the shares sold.
- Upload the legal documents and hit Save.
👤 For questions or help with the process, email us at success@sponsorcloud.io or Schedule a meeting. An experienced Customer Success Manager will reach out to assist you.