Quarterly Product Update, Q3’25

Oct 14, 2025

Written by

Halle Kaplan-Allen

Introduction

This quarter, we focused on increasing flexibility, efficiency, and clarity across the Sydecar platform, helping you move faster and communicate more effectively with your investors. From Additional Closes that let you fund deals on your own timeline, to enhanced payment infrastructure that streamlines refunds and distributions, each update was built to make running your SPVs and funds smoother than ever. Read on to see what is new.

SPV

Additional Closes

What it is:

Deal Leads can now execute multiple closes for a single SPV. Instead of waiting on every commitment before funding, you can now close on the capital you’ve raised so far, and then add new or existing investors in subsequent closes. You can execute an unlimited number of closes* and maintain real-time visibility into fees, allocations, and investor status on the Sydecar platform.

How it helps you:

Raising capital isn’t always linear. Some investors commit early, while others need more time – or the company may offer additional allocation. With Additional Closes, you can keep deals moving, meet funding deadlines, and still capture incremental capital. This keeps deals flexible, helps you maximize allocation opportunities, and reduces the risk of delays.

*All closes must have the same terms and must occur within the same calendar year for tax purposes.

Deal Closing Checklist

What it is:

Our new closing checklist outlines the key tasks that are required throughout fundraising, closing, and post-close. The checklist clearly marks which items are required versus optional, surfaces the current status of each step, and includes contextual guidance to help move things forward. This update also gives you more control over the wire instruction verification process with targets.

How it helps you:

Closing a deal shouldn’t feel like a scramble. This checklist provides a structured way to track progress, identify blockers, and stay in sync with your team without needing to contact support. By increasing visibility and reducing last-minute surprises, the checklist helps deal leads close faster and with confidence.

Fund+

Fund+ Investor Management

What it is:

We’ve upgraded the Fund+ investor table to make it easier for managers to track, search, and communicate with investors. Enhancements include:

Multi-select actions, so you can send reminders or manage multiple investors at once;
Search functionality by name or email;
Clearer onboarding statuses; and
Expanded columns with details about commitments, carry, management fees, last activity, and funding progress.

How it helps you:

Managing your investors is now faster, clearer, and more intuitive. With streamlined tools for communication and better visibility into each investor’s status, you can reduce back-and-forth, stay ahead of capital calls, and maintain momentum throughout the fundraising process. These improvements are designed to give you a smoother and more professional experience, while helping you build stronger relationships with your investors.

Platform Improvements

Streamlined Distributions and Refunds

What it is:

We’ve enhanced our payments infrastructure to make refunds, distributions, and other payments faster and more reliable. These updates enable bulk disbursements, automatic updates to investor records, and built-in validations to ensure that payments are processed faster and more reliably.

How it helps you:

These upgrades reduce delays and errors that previously required manual intervention, making your refund and distribution processes much smoother. Whether you’re managing allocations, issuing a distribution, or processing a correction, you and your investors benefit from a smoother, more reliable experience across the entire platform.

Deal Descriptions and Updates

What it is:

We’ve upgraded the text editor for deal or fund descriptions and investor updates to support rich text formatting, allowing you to bold, hyperlink, and organize content with headers, bullets, and other styling tools.

How it helps you:

Your investor communications now look as professional as your deals, resulting in a more polished experience for your investors. These improvements make it easier to deliver personalized updates that strengthen investor trust and engagement.