Gen II Fund Services, LLC has unveiled its latest offering, the Funded Partner Transfers module, designed to enhance the efficiency of secondary transfers within the private funds sector. This innovative feature will be launched in November and aims to streamline a previously complex process reliant on cumbersome paperwork and high transaction costs.
Revolutionizing the Transfer Process
The Partner Transfer module builds on the unique capabilities of Funded®, Gen II's digital subscription platform. This tool facilitates better integration among fund sponsors, attorneys, and transfer parties, effectively alleviating the issues that have long plagued the secondary transfer market.
Key Features of Funded Partner Transfers
With a focus on user experience, the Partner Transfer module enables a guided and self-service workflow, allowing users to manage transfers with ease:
- Comprehensive Online Transfers: Users can complete the entire transfer process online, removing the need for external document coordination and minimizing email management.
- Simplified Data Submission: Transferees can submit all necessary data and documents directly on the Funded platform. For those with established profiles, the investor passport feature allows for quick and efficient documentation completion.
- Easy Countersignature Process: Transferors can log into the platform to easily review and sign the Transfer Agreement through DocuSign, ensuring a seamless experience.
- Real-Time Visibility: The module guarantees that all stakeholders, including sponsors and attorneys, have real-time tracking of the transfer’s status, from initiation through to final approval.
Industry Impact
Robert Caporale, President of Strategic and Digital Solutions at Gen II, emphasized the transformative nature of the Funded platform. He stated, "Funded has changed the way investors subscribe to private capital funds by offering a user-friendly digital workflow. The Funded Partner Transfers extends this functionality, making partner transfers significantly more efficient."
As part of Gen II's Sensr Solutions® suite, the Funded platform has seen substantial success, raising over $575 billion across more than 50,000 subscriptions and 3,250 fund closings to date.
About Gen II Fund Services
Since its establishment in 2009, Gen II Fund Services has emerged as a prominent independent fund administration provider that leverages technology to serve private capital asset managers and investors. With over $2 trillion in private fund capital under its administration, Gen II is recognized for its tailored services and strong technological foundation.
