When subscriptions, banking, the cap table and tax are handled in separate tools, each one keeps its own version of the records. On Allocations, formation, banking, onboarding, distributions and K-1s all run on one platform, using the same records. Every statement, payout and K-1 an investor receives comes from those same records.

Investors often say yes away from their desks: on a call, between meetings or while traveling. On Allocations, KYC, accreditation and e-signature run in one flow that works on any device. An investor can start their commitment the moment they decide, and its status updates in real time.

Investors on Allocations can add a brokerage account to their profile, alongside a cash account for wire distributions. When a company goes public or is acquired for stock, our custom distribution tier can deliver shares straight to each investor's brokerage account. With brokerage account details already on record, shares can reach investors' accounts without a separate round of transfer-instruction requests.

An SPV pools investors into a single deal. A fund pools committed capital across many deals over several years. Many managers start with SPVs, build a track record and raise a fund once their LPs ask for one. Allocations runs both on one platform, so your investors and records carry from the first SPV to Fund I.

Managers on Allocations send updates, distribution notices and deal news to investors directly from the deal page. Sent from personal inboxes, those updates scatter across email threads, and LPs who join later never see the history. Every update sits with the deal it belongs to, and every LP has the full history in one place.

Every capital call, distribution and expense on Allocations is logged against the investor it belongs to, as it happens. At year-end, each LP's K-1 is prepared from those entries. By tax season, every transaction the K-1s need is already recorded.

Secondary SPVs on Allocations buy existing shares in private companies from current shareholders. Early employees, founders and early investors often hold valuable equity long before an IPO or acquisition. A secondary SPV gives them a way to sell part of it, and gives new investors a way in. Holders can sell without waiting for an exit, and buyers gain exposure to companies with proven traction. Build a secondary SPV at allocations.com/secondary-sp…

A manager on Allocations sees which subscription documents are signed and which are pending on the dashboard, alongside the amount called and the amount collected. The status of every investor in the raise is one screen, updated as documents are signed and wires land. On the morning of the close the manager reads the list of who is outstanding and follows up with exactly those investors, which is how a close finishes on the day it was scheduled. See the dashboard at allocations.com

An investor who has completed a deal on Allocations saves their information, and the next deal with the same manager takes one click. Identity, verification, and details already exist on the record. The investor confirms the amount and signs. A manager's repeat LPs commit in the time it takes to read the memo, and the raise fills from the base the manager already built. Onboard investors at allocations.com

An SPV on Allocations can invest into a fund as one LP. The LPs pool their commitments into the SPV, and the SPV holds a single line on the fund's cap table. The fund manager administers one LP, and each investor in the SPV gets a seat in a fund they could not reach alone. Capital calls, K-1s, and distributions from the fund pass through the SPV to every LP, and each one's commitment, funded amount, and balance stay current in their portal. One entry on the fund's cap table, and every LP behind it knows exactly where they stand. Set up an SPV into a fund at Allocations.

Migration onto Allocations brings vehicles across with their entities, records, and investors intact, while capital calls, closes, and reporting continue. Investors mid-hold see no interruption. The manager's records travel with the manager and load directly into the platform, which is the difference between a migration an LP notices and one they never hear about.

Investor onboarding on Allocations takes about two minutes. KYC, accreditation, and signature run in one flow, and a tracker shows each investor's status. The manager can see who is cleared and who is still in progress at any point before the close. The manager walks into the close knowing exactly which investors are cleared, which means the close happens on the date that was set rather than the date the last form arrives.

A new deal can be started on Allocations at any hour. The entity, documents, and bank account are generated in the same session, in about ten minutes. An allocation confirmed on a Friday evening can have its vehicle ready the same night. A manager can confirm an allocation and have the vehicle, its documents, and its bank account in place the same evening, and a founder holding room in a round gets a yes with the vehicle already behind it.

Deal room, entity, banking, legal documents, investor onboarding, and the closing wire all run in one Allocations dashboard. Assembled from separate providers, each of those steps means a new vendor, a new data handoff, and a reconciliation between systems that don't share data. Every record from first commitment to final wire lives in one place, which is exactly what an auditor wants to see.

Distributions on Allocations pay in cash, stock, or stablecoin, with the waterfall calculated against the operating agreement in each case. Exits pay in whatever the buyer negotiated: shares in a stock-for-stock acquisition, mixed consideration in a hybrid deal, and the vehicle has to pass along exactly what it received. Whatever the buyer pays in, every investor receives exactly what the agreement says.

Every SPV and fund on Allocations includes a dedicated bank account at formation, with no separate application. Done conventionally, the account is its own project: corporate documents, compliance review, and weeks between forming the entity and being able to receive a wire. By the time the first investor asks where to wire, there is already an answer.

Introducing the new Allocations. Today we're unveiling a new look for the platform behind $3B+ in transactions. > What's new: the look. Sharper, calmer, more institutional. > What hasn't changed: the speed. SPVs and funds still launch in minutes. > Everything else, from legal to banking to investor onboarding, still handled end to end. Experience the new look at allocations.com

Two structures, two very different investor caps. Section 3(c)(1) tops out at 100 beneficial owners. Section 3(c)(7) allows up to 2,000, but requires qualified purchasers, setting a much higher wealth bar for every investor. If you are backing one company for one deal, an SPV under 3(c)(1) is usually the right call. Simple structure, one asset, done when the company exits. If you are raising once to deploy across multiple companies over several years, that is a fund. More compliance, more ongoing reporting, and a structure built to hold many positions instead of one. Managers get this wrong when they treat a fund like a bigger SPV. It is not bigger. It is a different set of obligations from day one. Allocations sets up both structures and administers the compliance each one actually requires, so the choice comes down to the deal in front of you, not which one is easier to file.