One fund record for counsel, the GP and every investor.
Segmental sets up the fund from its documents and onboards each investor through a guided subscription, pre-filled from their own documents. The law firm, the GP and the investors each work from their own view of the same record.
Fund Onboarding
Northstar Real Estate Fund I / Investors
| ✓ | Subscription agreement | Complete |
|---|---|---|
| ✓ | Tax form (W-9) | Complete |
| ✓ | Investor eligibility | Confirmed |
| ✓ | Side-letter review | Approved |
| ! | Signing authority | Missing |
One item is blocking closing.
No evidence confirms that the subscription signatory can approve a $35M commitment.
Source Subscription agreement · p. 28
Why this is still manual
Fund formation still runs on a long subscription document sent to every investor. Each investor spends days completing it, counsel chases what is missing by email, and someone re-keys the results into the fund accounting system.
From fund setup to closing
- Set up the fundCounsel uploads the LPA, PPM and subscription documents. Segmental extracts the fund structure and terms for review.
- Build the subscription onceThe subscription document becomes a reusable template for every investor in the fund.
- Invite investorsThe GP or counsel invites each investor. Investors complete a guided form, pre-filled from their own documents, covering identity, KYC/AML, jurisdiction and politically exposed persons.
- Track to closingEveryone sees who has signed, what is missing and which side letters are still being negotiated.
- Hand off without re-keyingFund and investor data go to the administrator and the fund accounting system, such as Geneva or Paxus.
Three views of one record
What it does, and what it doesn't
We would rather you know the boundaries up front.
What it does
- Links every pre-filled field to the page it came from, so reviewers can check it in one click.
- Works mid-raise: move existing subscriptions and your pipeline onto the platform for the next close.
- Carries side letters negotiated during the raise straight into the MFN process after closing.
- Lets your fund administrator join the same record.
What it doesn’t do
- It does not replace counsel's review or the GP's approvals.
- It does not hold investor money. Capital moves through your bank and administrator.
- It does not decide KYC outcomes. It flags items for your review.
How a pilot works
Every pilot runs on your own data, in your own environment.
- Pick one fund or SPVA new fund, or the next close of a fund already raising.
- Build its subscription templateFrom your own subscription documents, reviewed by counsel.
- Onboard investors alongside your processCompare time to completion and follow-ups against your last close.
Built on the Segmental platform
Every product runs on the same data, knowledge graph and rules engine, so new workflows reuse what your firm has already taught the system.
Onboard your next fund on Segmental.
See it on your own data. The platform deploys inside your environment, and first rules are ready to review within days.