This article walks through how to book one-to-one and multiple transfers in FundPanel.
Booking a One-to-One Transfer
Follow these steps to perform a one-to-one transfer:
- Navigate to the Investment Vehicle Record: Find the record of the investment vehicle making the transfer (the transferor).
- Access the Capital Commitment Record: Click on the related capital commitment record for this investment vehicle.
- Initiate the Transfer: Click the
Transfer Commitmentbutton on the capital commitment record. - Enter the Transfer Amount: Input the total commitment amount being transferred to the transferee, not the remaining commitment amount. Update the capital account record separately to reflect the value of the transferred amount (the fair market value at the time of the transfer).
- Specify the Transfer Date: Enter the date of the transfer. It is recommended to perform transfers as of the current quarter to maintain clean data and avoid historical transfers.
- Select the Transferee: Choose the investment vehicle record receiving the transfer (the transferee).
- Submit the Transfer: Click
Submit Transfer.
For example, if the transferor has a capital commitment of $100,000 and they are transferring 100% of their commitment, you would enter 100,000. A completed transfer will leave a history of the commitment in the previous LP and issue a new commitment record to any LPs that are recipients of the transfer.
Booking a Transfer from One LP to Multiple LPs
To transfer an LP's commitment to multiple LPs, follow the same process outlined above with one difference:
- Perform the transfer process multiple times, adjusting the transfer percentage accordingly for each transfer.