Guide, for the Company

Take applications into a fund

Add the fund, set up its standing offer with a minimum and dealing dates, accept each application, and hand the ready ones to the fund administrator.

Where: Raise hub, Settings

1. 1

   Add the fund

   On Add your company choose Add a fund. Enter the fund's name and ABN, the trustee company and its ACN, the AFSL or CAR number the offer is made under, and the fund administrator, then choose Create fund. The fund's workspace has no Register or Compliance: its administrator keeps the unit register.

2. 2

   Set up the offer

   In the fund's sidebar choose Offers, then Set up the offer. A fund has one standing offer, open for as long as the fund takes money, and always to wholesale investors only.

3. 3

   Set the minimum and the dealing dates

   In Offer settings, on the Offer tab, enter the Minimum application and choose Save. Under Dealing dates, choose the Dealing date, the Cut-off date and the Time, then Add. Leave the cut-off date empty to close applications on the dealing date itself. Times are Sydney time.

4. 4

   Prepare the room and the application form

   The offer's Overview lists what is still needed before investors see it: the fund page, the information memorandum, the NDA and folder access. Upload the application form to the dataroom and choose Set up signing to place its signature boxes; applications can't be signed until it is. On the Signing & payment tab, name who signs for the fund and enter the application account.

5. 5

   Put the offer live and invite investors

   On the Offer tab choose Put the offer live, then invite investors with Invite investors. Each investor applies on Your investment with an amount and a dealing date, and signs the application form straight away.

6. 6

   Accept each application

   Under Investors, on the Signing tab, choose Review & accept on a signed application, then Accept application. Accepting makes the application binding and sends the investor their payment details.

7. 7

   Confirm the money

   On the Payments tab, choose Mark settled once an application's money is in the application account, or import the account's bank statement to settle several at once.

8. 8

   Hand off on the dealing date

   Open Dealing. Each application for the date shows what it still needs; a ready one is signed, accepted, paid and wholesale on the dealing date. Choose Download pack and send it to the fund administrator, then Mark handed off. The date then takes no more applications, and each investor sees that their application has gone to the administrator.

   An application that wasn't ready stays on the Dealing screen, and can be handed off later on its own.