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Capital Calls and Commitments

For our Capital Calls and Commitments feature, it is recommended to create a new Project. Click Add Project at the top right.

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Complete the required fields. Click Next.

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Complete the Details section if desired and applicable. Click Next. Click Save on the Direct Owner tab.

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Click into your new project. Click into the applicable entity. Next, you’ll want to add classes to the entity.

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Add the applicable classes. Click Save.

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Click into the desired class to create a sales offering. Click the at the top right. Click Edit Sales Offering.

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Add the Offering information, Escrow, Tile, and Offering Details. For information on this, please see 09:25 from our November 2018 Webinar: Raising Capital with IMS. Next, you’ll want to upload your coded document for DocuSign. For more information on this process, please see 22:05 from our November 2018 Webinar: Raising Capital with IMS. Publish your project.

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Navigate to the Project Summary section of your project. Click the Commitments tab. Click Create Commitment.

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Click Get Started.

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Add your Commitment name. Click Next.

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Add your Goal Amount and any other required fields. Click Add Investors.

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Select the applicable class. Select the desired investors from the left column and click >> to add them to the right column who will be included in the commitment. Note the option to Select All Investors and Add Additional Class. Click Apply.

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All of the contacts that were added to the right column will appear in the commitment table at the bottom. Note the option to Equally distribute on the goal amount. This will equally distribute the total goal amount amongst the contacts that you have chosen.

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You have the option to add more investors to your commitment list with the Add Investors button. You also have the ability to tweak the numbers for each contact (make sure the total commitment amount is not over the goal amount). Click the trash button on the right to delete a contact from the commitment list. If you receive a commitment amount from a contact (a verbal commitment, for example), type the amount for the applicable contact on the right. To choose specific contact to send a Request Commitment email, click those contacts’ checkboxes. After that, click Request Commitments.

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You’ll receive a notice of the commitment requests. If this is what you choose to do, click Yes, Send.

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Investors will receive an email similar to the one below. Here, an investor will click Confirm Commitment and proceed to login to their investor dashboard, go through the investment wizard, sign the DocuSign document to complete the commitment.

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You can click into that Commitment to send more commitment requests and update the committed amount if need be (in the case that you receive a verbal or hard copy commitment).

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To create a capital call, navigate to the Project Summary page of the applicable project. Click the Capital Calls tab. Click Add Capital Call.

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Click Get Started.

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Add your Capital Call name. Choose the Associated Commitment if applicable. Note that you do not need to associate a Capital Call to a Commitment. Click Next.

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Add your Call Amount and any other required fields. If your Capital Call is tied to a Commitment, there will be a Funds Outstanding balance (under Call Amount) that shows the available funds associated to the Commitment. The option to Equally call based on the Commitments Outstanding will allocate the Capital Call per investor based on the outstanding Commitment amount.

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Feel free to tweak the requested amount for each contact (make sure the total requested amount is not over the call amount). Many of the prompts are similar as the commitment page (trash icon to delete, etc.). Choose the desired contacts to request funds by clicking the checkboxes and clicking Request Funds. If you would like to request funds for all contacts on the list, click Request Now in the yellow bar.

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When all the information is accurate, send the request to the desired contacts. Click Yes, Send.

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Here, you will see a rollup of all the commitments requested, the committed amount, contributed amount, and the total being called. Note the dropdown defaults to All Capital Calls. Click the dropdown to drill into a particular capital call (if you have more than one capital call in the system). To update payments, click the Transactions tab above the list of investors.

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As you receive checks, wires, etc., track this information in the Transactions tab. If someone paid the funds you requested in full, simply click the blue à to add the total in the Amount Received column. Choose the applicable Investment Date, Received On Date, and Payment Type. The Status will automatically update. Completed means the payment was paid in full, Incomplete means the payment has not been paid in full yet, and Pending means that no payment has been received yet.

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When you have received all funds for the capital call, click the checkbox to close the capital call.

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Click Confirm to close the capital call.

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All Closed Capital Calls will be in the Closed tab.

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