Investments on your Portfolio Dashboard will have one of the following statuses:
- Closing: The investor has committed capital, and the fund has received the LP’s money – no further action is required from the LP at this stage – but the investment is still in the finalization phase. For an SPV, this means the fund’s capital has not yet been deployed to the underlying asset, and the closing process may be delayed due to pending negotiations for the investment round, final signatures, portfolio company requirements, or bank processing times and holidays. For a venture fund, this typically means some administrative procedures are still ongoing in the background. Once all necessary steps and documentation are complete, the investment transitions to “Live.”
- Live: Once an investment is “Live,” all closing steps have been finalized, and the investor is officially closed in. Final investment documents will be sent via email and accessible on your dashboard. For an SPV, this occurs once the funds have been wired to the underlying asset. For a venture fund, this means all operational and administrative requirements have been met. This marks the “harvesting phase,” where the fund actively manages its investments, often for many years. Even if some distributions have been made, as long as the fund holds securities with documented value and the potential for future distributions, the investment remains “Live.” Note: Companies that are winding down will remain in this phase until all necessary documentation is received to officially register the investment as worthless.
- Realized: An investment is considered “Realized” once the securities have been fully exited, either through a sale or a write-off, and all distributions have been made. If an investment is written off, the SEC requires documentation, such as a certificate of dissolution or a final liquidation waterfall, to confirm it no longer holds value before it can be reflected on your tax documents. Collecting this documentation and verifying that no residual value remains is why the process can take time, especially in cases involving bankruptcy proceedings or asset sales.