Quarterly Product Update, Q4’24
Jan 23, 2025
Gavin Freeman
2025 is here and we’re excited to share some product updates that will improve the investing experience for you and your LPs. From adding the ability to invite unlimited investors to a deal, to improving Fund+ deal visibility, here’s a look at the features we released last quarter.
Enhancements to Shareable Links
What it is: Sydecar now allows deal leads to share an unlimited number of investor invitation links. This update addresses a common customer request for greater flexibility in inviting investors to deals. While the number of invitations is uncapped, Sydecar proactively ensures compliance for the deal lead by limiting the number of deal participants when necessary in order to meet securities regulations, such as the Investment Company Act.
Why it's important: By allowing uncapped invitations while controlling the number of participating investors, Sydecar enables deal leads to share deals with a widespread audience while maintaining compliance with regulatory and operational standards. This adjustment is particularly relevant for large-scale syndicates that require broad exposure and engagement from a significant investor base.
Investor Compliance Automation
What it is: Sydecar has introduced an automated compliance system to ensure all investors pass Know Your Customer (KYC) and Enhanced Due Diligence (EDD) checks before funding SPVs. If an investor’s compliance status becomes invalid, the platform automatically reruns KYC checks when the investor signs for a new deal. This automation also extends to Fund+ vehicles, ensuring ongoing compliance.
Why it’s important: This feature simplifies compliance workflows and minimizes delays by putting KYC/EDD processes on autopilot. It also prevents situations where refunds would be needed for non-compliant commitments, reducing administrative burdens and risks for deal leads. By automating these steps, Sydecar facilitates tight deal timelines while making sure deal leads maintain regulatory integrity.
Target Company Sanctions Screening
What it is: Sydecar has implemented sanctions screening for target companies as part of the deal approval process. Sydecar’s system records sanctions check results, ensuring no deal approval occurs for companies flagged during the screening.
Why it’s important: This feature strengthens Sydecar’s compliance and risk management capabilities, allowing for better evaluation of investments in higher-risk sectors. It demonstrates Sydecar's commitment to thorough due diligence and ensures deal leads can navigate regulatory landscapes confidently.
Improved Visibility in Fund+ Commitment Details
What it is: Two key updates have been implemented for Fund+ users to improve visibility and efficiency:
Wire Instructions in Commitment Details: Fund+ managers can now view wire instructions directly in the commitment details side panel, similar to what is available for SPVs. If wire instructions are not yet available, the system will display a placeholder message, and managers can download instructions once they become available.
Control Person Name in Commitment Details: Fund+ managers can now see the control person’s name for entity profiles with commitments. This provides a clearer view of investor profiles and helps streamline communication and compliance.
Why it’s important: These updates give Fund+ managers quick access to critical information, reducing back-and-forth communications and delays. The ability to view wire instructions and control person details directly within the platform makes managing commitments more efficient and supports accurate reporting.
These updates all contribute to Sydecar's mission to improve transparency, efficiency, and liquidity in private markets. We’re committed to delivering tools that make your investment processes smoother and more secure. Thank you for trusting Sydecar, and we're eager to continue bringing you more innovations throughout the year. If you have any questions or want to learn more about any of these updates, schedule some time with our team here:
