Private Capital & Fundraising Data Room

GP fundraising is a long, complex process

Raising a fund — whether a $50M emerging manager fund or a $5B mega-fund — is a 12-24 month process involving marketing, due diligence by prospective LPs, side-letter negotiations, regulatory filings, and ongoing LP communications after closing. The data room is central to the entire process.

SpaceNexus gives GP fundraising teams a purpose-built platform for managing the full lifecycle: from initial LP outreach through final close and beyond.

Fund marketing and pre-marketing

The GP fundraising process typically begins with a 12-18 month pre-marketing period:

• Pre-marketing deck — initial fund strategy, team, and track record
• Private placement memorandum (PPM) — comprehensive fund terms and risk factors
• Limited partnership agreement (LPA) — fund governance and economic terms
• Team DD package — bios, prior fund performance, key person backgrounds
• Track record verification — audited returns, attribution analysis, fee/carry history

Each tier of materials is gated by LP commitment size and subscription status.

LP due diligence workflow

Institutional LPs conduct extensive due diligence before committing to a fund. SpaceNexus supports the LP DD process:

• Tiered DD access — initial LPs see summary materials; committed LPs see full DD
• Q&A workflow — LP questions routed to the appropriate fund team member
• Reference call coordination — confidential reference calls with existing LPs and portfolio CEOs
• Operational due diligence (ODD) — separate access for ODD consultants reviewing fund operations

Side letter management

Side letters are individually negotiated with each LP and contain different terms — fee discounts, MFN clauses, co-invest rights, GP commitments, ESG provisions, key person requirements. SpaceNexus supports:

• Per-LP side letter drafting with confidentiality controls preventing LPs from seeing each other's terms
• Side letter redlining and execution through the platform
• MFN tracking — automatic notifications when other LPs receive better terms that may trigger MFN
• Ongoing side letter management — amendments, fee calculations, and reporting

Closing mechanics

Fund closings involve the execution of subscription documents, capital call notices, and wire transfers. SpaceNexus supports the closing process:

• Subscription document execution with e-signature workflows
• Capital call notices distributed through the platform with delivery confirmation
• Wire transfer tracking with confirmation receipts
• Closing certificates and final fund documentation

Ongoing LP communications

The data room becomes the LP portal after closing. SpaceNexus supports ongoing LP communications:

• Quarterly LP letters distributed through the platform
• Capital call and distribution notices with delivery confirmation
• Annual audited financials and tax documents (K-1s)
• Investor day materials and recordings
• Ad-hoc LP communications with full audit trail