Just Released - Unit Classes

Contemporary fund management often calls for sophisticated fund structures and diverse investor requirements. Fund managers may offer varying rights, distribution rates and fee structures whilst maintaining optimal operational efficiency. We are pleased to announce that Caruso now supports comprehensive unit class management across our platform.

Understanding Unit Classes

Unit classes represent distinct segments of a fund's equity or ownership, each offering specified benefits or terms to investors. For instance, consider a commercial property fund offering Preferred Shares with a 0.75% management fee and 60-day redemption notice period, alongside Ordinary Shares with a 1.25% fee and 120-day notice period. Both share classes provide exposure to the same underlying property portfolio, but with terms tailored to different investor preferences and commitment levels.

When creating a new fund in Caruso, a default unit class is automatically set up. If additional unit classes are created in the same fund, investors can hold positions across multiple classes within the same fund.

Tailored Investment Products

Caruso’s unit class framework greatly expands the possibilities for fund managers. By enabling multiple classes within a single fund, managers can now create tailored investment products. This flexibility enables them to cater to specific investor needs while maintaining the efficiency of a unified administration system.

Investor Segmentation

Unit classes can be used to segment your investor base, allowing for customised terms and conditions for each group:

• Create differentiated fee structures for institutional investors
• Establish wholesale classes with specific investment parameters
• Configure retail classes with appropriate distribution policies
• Design founder classes with preferential terms

Operational Control

Managing multiple unit classes requires sophisticated operational capabilities. Caruso automates complex calculations and processes, reducing administrative burden while maintaining accuracy and compliance:

• Process class-specific unit transfers and redemptionsMonitor performance metrics by class
• Manage automated distribution calculations
• Generate comprehensive reporting by class

Document Management and Communication

Effective investor communication requires both precision and efficiency. Caruso streamlines the distribution of documents and communications while ensuring that sensitive information reaches only its intended audience:

• Target documents to specific unit classes
• Control access automatically based on unit class membership
• Send automated class-specific notifications
• Generate class-specific investor statements

Enhanced Investor Experience

A sophisticated fund structure should never come at the cost of investor clarity. Our investor portal has been carefully designed to present complex unit class arrangements in an intuitive, accessible format:

• View holdings across multiple unit classes
• Access class-specific documentation
• Track detailed transaction history
• Monitor performance by unit class

This enhancement represents a significant advancement in our mission to provide fund managers with sophisticated, efficient operational tools. The unit class framework enables the creation of more nuanced investment offerings whilst maintaining streamlined administration.

To arrange a detailed demonstration of how unit classes can enhance your fund operations, please contact us at [email protected].