Announcing: Simple Fund Migration

Switching fund administration platforms isn’t easy. GPs need to onboard their LPs to a new platform and migrate historical financial, tax, and legal information, all while maintaining compliance with KYC and AML regulations. There are also tax filings, SEC reporting requirements, expense accruals, and LP side letters to keep track of.

Today we’re simplifying this process with the launch of Fund Migration. AngelList will manage all components of fund importing, including reviewing and moving fund (or SPV) data from legacy fund administrators and onboarding LPs to their investor dashboards.

GPs simply grant AngelList access to their fund admin account—we’ll export, review, and transfer all required information in as little as a week.

Once the transition is complete, we provide a universal link for LPs to view their positions in their AngelList investor dashboard. They’ll have immediate access to a schedule of investments, updated valuations (with GPs’ permission), and a portal to download K-1s and view capital accounts.

GPs can improve their LP experience by upgrading to a full-stack back-office for their fund with AngelList. We’re also able to transition SPVs to help minimize compounding admin and tax (K-1 & 1065) preparation fees.

Here’s what GPs who have migrated their fund to AngelList from other providers have to say about the experience:

After struggling with our previous fund administrator for a year—dealing with delays, hidden costs, and 'oh, we actually don't handle that'—the switch to AngelList has been incredible. Better tracking, full transparency, increased flexibility, and top-notch customer service; we haven't looked back once!

We recently moved to AngelList and the experience has been delightful and fast. AngelList's dashboard makes handling investment-related workflows simple. The team is super responsive, moves fast, and makes it easy to handle new investments.

We moved all of our SPVs to AngelList. The UX of the tech is easy both for GPs and LPs alike. And the operations staff goes above and beyond to support all needs, banking, legal, and LP support.

I felt super excited to be working together with AngelList. To be totally honest, starting a fund as a solo GP has been scary at times. There's a lot to keep track of between the back office, administration, reporting, sourcing, diligence, etc., so much so that it can feel like wading through mud with an unclear end in sight sometimes. It's so refreshing to be around similarly product-minded and driven energy again.

To learn more about transitioning your fund or SPV to AngelList, reach out here.