Carta

We’re getting close to the end of 2024 and that means audit and tax season for funds is quickly approaching. Ending the year with your finances, documents, and external partners in order can be complicated regardless of the size and stage of your fund. Join Heroida Dedushi, CPA, Tax Principal at BDO USA, Madison Sinclair and Bharath Ramachandran, Assurance Principals at BDO USA as they discuss how you can best prepare for this critical time in a firm’s annual cycle, moderated by Carta’s Chad Willbur. Highlights include: 🔵 Outlining important deadlines and milestones 🔵 Prepping for a potential audit 🔵 Choosing the right tools and services to support your business Register to join the discussion Tuesday, October 8 at 10am PT / 1pm ET here: https://lnkd.in/ghpsfKCp

As the PE landscape evolves, we’ve launched a fresh set of tools and insights to help you stay ahead, whether you’re an associate looking to hit the ground running or a senior leader looking to sharpen your edge. We’ve curated a growing collection of resources in the Private Equity Carta Classroom to help you level up. Here are a few highlights: - Ownership Trends 2024: See how employee ownership in PE has evolved. Our latest report breaks down key industry data and trends. - PE Blueprints: Get an insider's view of management-incentive equity in PE portfolio companies. Understand deal structures, types of equity, and how they affect waterfall distributions. - Waterfall Whitepaper: Go beyond understanding waterfall models—master them. This guide is packed with real-world examples of complex models to help you streamline your next deal. - Kayne Anderson Case Study: Discover how Kayne Anderson standardized portfolio cap tables using Carta and how it transformed their decision-making. - PE Fund Structure Article (in collaboration with expert fund attorneys at Weil, Gotshal & Manges LLP): Learn the essentials of limited partnerships and the tax and legal implications of PE fund structures. Explore the full collection of Private Equity resources here: https://lnkd.in/dgEHRnrP #PrivateEquity #WaterfallModeling #PEBlueprints #OwnershipTrends #FundStructure

Fundraising just got easier for startup founders and lawyers with Carta Deal Closings. Handling the administrative side of a financing round is often a time-consuming, manual process. With Carta Deal Closings, we’re changing that. Founders and their law firms now have access to a workflow tool that automates many of the tasks required to close a round, saving time and money while ensuring transparency. ✅ Real-time visibility: See the status of your round at any time—from signature collection to receiving funds—without constant follow-ups. ✅ Efficient workflow: Automatic cap table updates and bulk signature management let you manage everything in one place. ✅ Pro forma integration: Close on time or even ahead of schedule by knowing exactly where your round stands and taking immediate action when necessary. Ritish Patnaik, CEO at Curve Biosciences, closed their Series A round in May. With Carta, they were able to save both time and money—Ritish reported saving thousands using our fundraising tools—but the highlight for him was the transparency that our Deal Closings tool brought: “Deal Closings streamlined the process and made it clear where we're at with financing. I could see all the deal documents, who needed to sign off, everything. It made closing more transparent and significantly reduced anxiety for me and my team. I would use it again!” For lawyers, Carta Deal Closings eliminates the need for spreadsheets and manual follow-ups, improving document accuracy and streamlining the entire process. With Carta, founders and law firms can close priced rounds faster, more efficiently, and with full transparency. Available today on all Carta plans. Learn more: https://lnkd.in/giYuV5fE

🎉 Shaking things up in NYC & SF! 🍸☕ From mixing craft cocktails at La Bodega Negra 🥂 to savoring personalized lattes at The Workshop, our latest VC Fund Performance Report events were a perfect blend of insights and indulgence. 📍 NYC: Renee Nalbandyan (Bank of America Merrill Lynch) and Peter Walker (Carta) stirred up discussions on GP-LP engagement and the importance of maintaining effective communication when it comes to portfolio company health. 🩺 📍 SF: A robust Q&A with Peter featured bold insights from funds like Crossover Capital, LLC, HCVC, and Novirian Capital. We served up hot takes on capital deployment, startup graduation rates, and how AI-focused funds need to hit that $50M+ mark to stay competitive. ☕ And to top it off, Michael Breach created lattes as unique as your investment strategies! Whether you're crafting the perfect cocktail or fund strategy, Carta’s VC insights will help you keep your portfolio in top form. #VentureCapital #VCInsights #GP #LP #AIinvesting

📊 Distributions to LPs remain elusive across recent vintage years. According to our VC Fund Performance report, only 9% of funds from the 2021 vintage have returned any capital to LPs after 3 years—a stark contrast to 25% of 2017 vintage funds reaching that same milestone. 💡 Here’s a closer look at the data: 1️⃣ 2017 vs. 2021 vintages: At the 3-year mark, just 9% of 2021 vintage funds have returned capital (DPI over zero), compared to 25% of 2017 funds. This indicates that more recent funds are taking longer to distribute capital back to LPs. 2️⃣ 2019 lags behind expectations: Although the 2019 vintage tracked closely with 2017 and 2018 for the first 4 years, it has significantly lagged behind by year 5. Only 39% of 2019 vintage funds have any DPI, compared to 59% of 2017 vintage and 50% of 2018 funds at the same point. 🔍 This trend may signal prolonged exit timelines for recent vintages, leaving LPs waiting longer for returns. Fund managers and investors will need to monitor these patterns as they make future investment decisions. How will this impact the next wave of venture capital investments? Let us know your thoughts in the comments. #VentureCapital #FundPerformance #LPs #CartaData

ICYMI: We built a new home for Carta data—carta.com/data 🏡 Founders, investors, and employees, we heard you: navigating startup data shouldn't be another challenge on your already full plate. That's why we built the Carta Data Desk, your new home for venture capital and startup data. Here’s what you’ll find: 📊 Comprehensive startup research 📰 Data-driven journalism 🎙️ The Data Minute newsletter and podcast 📅 Data-centric virtual events And more—all in one place! Bookmark, share, and stay tuned as the data evolves.

Come check out SuperReturn CFO/COO in Amsterdam next week! We have two great sessions on deck: 1️⃣ Software for the Office of the Fund CFO with our Founder and CEO, Henry Ward on Oct. 1 at 10:40am 2️⃣ Tech showcase with Arik Oslerne, Head of Europe at Carta on Oct. 1 at 11:25am Excited to connect with private capital CFOs and COOs and explore the latest in fund operations, technology, finance, and more: https://lnkd.in/d-VceGv #SRCFO

🔑 How to Master Waterfall Modeling for Private Funds 🔑 Understanding waterfall models is crucial for deal teams, CFOs, and legal advisors aiming to optimize distributions and align incentives. But navigating complex structures like preferred returns, catch-up provisions, and carried interest can be a challenge. We’ve broken down waterfall modeling into clear, actionable steps that make sense for everyone—new PE associates, senior deal teams, and even experienced CFOs. Waterfall 101 covers the key components you need to model accurate fund returns and streamline investor communication. Want to ensure you're getting waterfall modeling right? Dive in here: https://lnkd.in/gYR-KMm9 #PrivateFunds #WaterfallModeling #FundManagement #PrivateEquity #VentureCapital

So you’ve funded your startup, now what? Even with a successful round of funding under your belt, it’s important to keep the momentum going and stay on top of your business plan. Attend the Carta panel featuring Jillian Williams, partner at Cowboy Ventures, Sam Hodges, co-founder and CEO of Vouch Insurance, and Pankaj Patel, co-founder and CEO at Nile, and Natasha Arora, senior director of BD at Carta. Tune in as they lay out exactly what your post-funding process should look like. They’ll cover everything from effectively allocating resources to creating sustainable growth. Register now and join the discussion Wednesday, October 2 at 10am PT / 1pm ET: https://lnkd.in/gdxFCJbU

🍂 September has already been packed with PE community events here at Carta. Here's a quick recap of where we've been and who we've been connecting with 🤝 📈 NYSE Happy Hour We kicked off fall with our partners Deel and NYSE for a lively evening at the Stock Exchange! What better place to raise a toast to private equity than on Wall Street? 🍸 🌉 Dreamforce Reception At Dreamforce, we teamed up with Salesforce, Orion Global Solutions, and The Wharton School to host a wine tasting reception where Carta CEO, Henry Ward, took center stage to talk about the future of technology in private equity. Let’s just say it was a *dream* night for PE talk and tech trends! ✨ 🍃 Windy City Happy Hour Chicago got a little breezier when we brought together the private equity crowd – from customers to partner law firms – at our Windy City Happy Hour. The private equity convos blew everyone away. 🌬️🍻 💡 Carta at Francisco Partners Our Head of Policy, Anthony Cimino, delivered insights at the Francisco Partners’ CFO, Legal, and Procurement Conference. He spoke on how Carta is the connective tissue of the private market, bridging the gaps between VCs, PE funds, PortCos, and LPs. And did we mention our work with Congress to protect QSBS tax benefits? That’s right – we're making moves on *and* off the Hill. Chris Scatterday and Thomas Buck showcased Carta's Private Equity solutions and discussed the critical role a reliable equity administration tool has in driving operational efficiency and success. 🏛️📊 We’re grateful for the opportunity to play a part in strengthening connections within the private equity ecosystem. Stay tuned for more! 👏 #PrivateEquity #Carta #PrivateMarkets