What's new:

Control persons can now enter UBO details on behalf of all beneficial owners, including personal information and ownership percentages, without waiting for each one to log in. For each UBO, the control person can enter their details directly or send an email invite for them to complete. When the control person provides all details, KYC triggers immediately and the UBO may never need to interact with the platform. The control person can also track KYC status for each UBO directly in the platform.

What this means for you:

A single control person can complete entity onboarding from start to finish. The KYC process begins as soon as they submit the required information, minimizing any delays to your deal closing.

Share this guide with your entity investors: https://help.sydecar.io/how-entity-onboarding-works 

What's new:

Transferred interests now appear directly in the Sydecar platform. Deal leads can view all transfer activity directly in their investor tables, eliminating the need to track transfers manually.

Investors who receive transferred interests can now create full platform profiles, view deal information and updates, and access their documents, including tax forms.

Our team is in the process of backfilling prior transfers. They will appear in your dashboard in the coming weeks.

What this means for you:

This update gives both deal leads and investors clear visibility into transferred positions and related documents, including K-1s at tax season.

What's new: 

We introduced a required attestation step for SPVs investing in another SPV or fund. Deal leads must now confirm allocation access, transferability of securities, satisfaction or waiver of transfer restrictions, required issuer consents, and the accuracy of supporting documentation. They must also acknowledge the additional risks of layered SPV structures, including fee stacking, tax complexity, reduced downstream control, and broken deal scenarios.

What this means for you:

This update increases transparency and sets clear expectations before capital is raised. It reinforces organizer accountability, reduces operational and compliance risk, and helps ensure investors are appropriately informed when participating in multi-tier SPV structures.

What's new: 

As a Deal Lead, you can now view both estimated and final K-1 delivery dates for each investor directly in the Tax Center.

Once K-1s are finalized, you can download all investor K-1s in one place for your records. When applicable, you can also download your 1099 forms directly from the platform.

What this means for you:

See K-1 timelines in one place and access finalized tax documents without additional follow-up. Save time during tax season with a single, centralized source of truth.

Visit the Tax Center

Introduction

In Q4, we rolled out several improvements designed to help Deal Leads run SPVs with more confidence and less manual work. From clearer investor KYC status updates, to a new fundraising estimates calculator and automated wire verification, these updates reduce surprises, speed up execution, and help your deals close on time. We’re also sharing a preview of what’s coming this quarter.

SPV

Improvements to Investor KYC Status

What we did:

Deal Leads can now see more precise, detailed information related to each investor's KYC status. This update provides more context on why an investor may not have passed KYC and any next steps required from you, the investor, or the Sydecar team.

How it helps you:

As a Deal Lead, you're accountable for timelines and closing certainty. Having a more granular view of your investors’ KYC status allows you to proactively follow up with individual investors and avoid any last-minute surprises that could jeopardize your deal.

Automations for Faster Investor KYC

What we did:

Individual investors will now be notified inside the platform which documents or information they need to submit to complete their KYC review. Incomplete submissions will automatically trigger a prompt informing investors what information they still need to provide. 

How it helps you:

An automated KYC process removes friction from investor onboarding, allowing investors to fund when their intent is highest and bolstering trust. This update, combined with our recent improvements to KYC status visibility, helps you proactively drive your SPV to an efficient close.

Fundraising Estimates Calculator

What we did:

The new Estimates tab allows Deal Leads to model different fundraising outcomes with ease. Toggle between scenarios, such as finalized commitments from all invited investors, or model out the fees across different total raise amounts.

How it helps you:

Now you can quickly confirm that your total fundraise matches the investment agreement. This helps you avoid last-minute surprises and keeps your deal moving smoothly and accurately.

Looking Ahead

Here’s a preview of the product improvements we’re working on for you this quarter.

Deal Lead Tax Center

Later this quarter, Deal Leads will be able to view estimated and final K-1 delivery dates for each investor inside their Tax Center and download all K-1s for their records. Deal Leads will also be able to download their 1099 forms (when applicable) directly from the platform. These improvements will give you a single place to see K-1 timelines and download final tax documents, reducing follow-ups and saving you time.

Investor Onboarding

We’re improving investor onboarding by making login and profile setup smoother, with a specific focus on the needs of entities like family offices and wealth managers. That means a smoother experience for investors and their teams that builds trust from day one.