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Lending & funds agent

Capital call notices

Every capital call and distribution notice built from your fund model and each investor’s commitment, with every allocation tied out to the cent. The batch waits for your CFO to release.

  • $12,500 fixed
  • Live in 3 to 6 weeks
  • Yours to keep
The review screen for Capital call notices: four items, three done, and one (Fee off) waiting for the CFO, who is asked: Brightwater’s fee is $2,300 over its side letter. Correct before release?
How it works

A $10M call, split by investor, side letters read before it goes.

Here’s a typical run, step by step: what automation handles, what the agent does, and the calls that stay with your team.

The workflow for Capital call notices, in 5 steps. It starts with “The call amount is set” and ends with “Notices out to investors”. Each step lists what automation, the agent and your team do there.
Capital call noticesA typical run
Starts withThe call amount is setThe CFO sets capital call 7 on Fund III at $10M in the fund model, with its due date.
Automation: Splits the $10M by commitment: $400,000 for Brightwater LP, $1,250,000 for Aldergate Pension, and checks each fits their unfunded.
~6h/mo

Step 1 of 5Split the call

  • Automation

    Splits the $10M by commitment: $400,000 for Brightwater LP, $1,250,000 for Aldergate Pension, and checks each fits their unfunded.

    Pro rata is arithmetic on commitments in the fund model.

Reads
  • Fund model
  • Fund admin system
Writes
  • Fund admin system

~6 hours a month back

The agent: Reads Brightwater’s reduced fee rate and sees the fund model still charges the standard one, $2,300 too much.
~10h/mo

Step 2 of 5Apply the side letters

  • The agent

    Reads Brightwater’s reduced fee rate and sees the fund model still charges the standard one, $2,300 too much.

    Side letters are negotiated in prose, clause by clause, and no two word a fee break the same way.

Reads
  • Side letters
Writes
  • Fund admin system

~10 hours a month back

Where teams differSide letter terms live in the admin system at some managers. At plenty of others they are still in signed PDFs.

The agent: Writes each notice with the amount, the fee, the unfunded commitment left and the wire details, in your house format.
Automation: Adds up every notice to the call and checks the wire details on each against the fund’s verified account.
~14h/mo

Step 3 of 5Build and tie out

  • The agent

    Writes each notice with the amount, the fee, the unfunded commitment left and the wire details, in your house format.

    Each notice explains one investor’s numbers, including any side letter change, in words they will read.

  • Automation

    Adds up every notice to the call and checks the wire details on each against the fund’s verified account.

    The notices add up to $10M to the cent, or they don’t.

Reads
  • Fund admin system
Writes
  • Fund admin system

~14 hours a month back

Where teams differRounding is a house rule: some funds push the stray cents to the largest investor, others to the GP.

Your team: Corrects Brightwater’s fee to the side letter rate, reads the tie-out summary and releases the whole batch.
~3h/mo

Step 4 of 5CFO releases

  • Your team

    Corrects Brightwater’s fee to the side letter rate, reads the tie-out summary and releases the whole batch.

    Notices tell investors to wire money. The person who set the call should be the one to send it out.

Reads
  • Fund admin system
Writes
  • Fund admin system

~3 hours a month back

Automation: The moment the CFO releases, puts every notice in the investor portal and logs who got what and when.
~4h/mo

Step 5 of 5Post on release

  • Automation

    The moment the CFO releases, puts every notice in the investor portal and logs who got what and when.

    After release, posting and logging are the same for every investor in the fund.

Reads
  • Fund admin system
Writes
  • Investor portal

~4 hours a month back

Ends withNotices out to investorsEvery notice sums back to the $10M call and sits in the investor portal, with a record of who got it.
Total~37h/mo

What changes

Each call arrives as a batch that ties to the cent, with every side letter change shown, so nobody rebuilds the allocation sheet by hand.

  • 3steps automated
  • 2steps for the agent
  • 1call kept with your team

Pick any step to see what happens there and why it sits in that lane.

What it could be worth

~37 hours a month back

$33,300 a year in time

For a manager with about 150 investors across three funds, issuing two calls or distributions a month, at $75 an hour. We work out yours from your own volumes before you sign.

Let’s build your agent
What we customize with you

One proven agent, plugged into how you work.

Every team does this job a little differently, so we set these five with the people who do it today. We’ve done this in dozens of businesses, so we know where teams usually differ and ask about those first.

The agent

Same for every client
  • Follows the same proven steps
  • A person on every exception
  • Every decision logged
  • Tested on your past work first
  • Never sends a notice before the CFO releases it
  1. Your systems

    Where the work comes in, and where the result goes.

    For this agentYour fund model, commitments in your fund admin system, notices to your investor portal.

  2. Your rules

    The limits and exceptions it works to.

    For this agentSide letter terms, fee rates and how rounding is handled.

  3. Your team

    Who signs off, and who covers when they’re away.

    For this agentThe CFO for every release, the fund controller for anything that doesn’t tie.

  4. Your channels

    Where your team hears from it.

    For this agentNotices through your investor portal, a tie-out summary to the CFO.

  5. Your output

    What it hands back, in the format you already use.

    For this agentA batch of notices that sums to the call, held for release.

Quarterly investor reports are our Investor reporting pack agent, and K-1s are quoted on their own. Setting the call amount and moving any money stay with the CFO.

What you get

The agent, and everything that keeps it working.

  • The agentRunning on your systems, under your rules.
  • The review screenWhere the exceptions land for your fund accounting team and the CFO.
  • Your rulebookYour limits, exceptions and who signs off, in one place, often for the first time.
  • A test reportYour past capital call and distribution notices, run through it and checked against the number.
  • The runbookHow it works, what to check, and what to do if it stops.
  • 30 days of tuningAfter it goes live, through a full month of your real capital call and distribution notices.
The number we agree

Hours from the call amount being set to the batch ready for release. We measure it before we start, and again at day 30.

How we get there

Live in 3 to 6 weeks. About seven hours of your time.

We do the building. Your side: access, your last four capital calls and their notices, and a short weekly check-in.

  1. Before kickoff

    We send the access checklist.

    You, 2 hours. Access, an owner, and your last four capital calls and their notices.

  2. Weeks 1 to 2

    We connect your systems and set it up.

    You, 1 hour. Walk us through your rules.

  3. Weeks 2 to 4

    We test it on your past capital call and distribution notices.

    You, 1 hour. Review what it flagged.

  4. Weeks 3 to 6

    It runs beside your team, then goes live.

    You, 1¼ hours. Work from the review screen.

Then 30 days of tuning, with a short check-in each week, about two hours of yours. At day 30 we show you the number and hand everything over.

After it’s live

It keeps running whether or not we stay.

  • It runs in your accounts

    Your cloud, your systems, and an AI account in your name, billed by the provider at their rates.

  • Changes in the first 30 days are included

    A new rule, a changed limit, someone new signing off. That’s what tuning is for.

  • After that, your call

    Your team edits the rulebook, the care plan covers it, or a bigger change is quoted first.

Questions

About this agent.

Does it send the notices?
Only once your CFO releases the batch. Until then every notice sits ready, with its tie-out attached.
How does it handle side letters?
Each side letter’s terms are set in the rulebook with you. Any notice they change shows the difference, so the CFO can check it.
Our process isn’t quite like this. Will it still work?
That’s the usual case. The job looks the same in most businesses, but the details never do. We map how your team does it today, then set the rules, systems and approvals to match. That’s what most of the 3 to 6 weeks are for.
How do we agree the number?
Together, before any work starts. For this agent it’s the hours from the call amount being set to the batch ready for release. We measure it before we start, and again at day 30.
What does it cost to run once it’s live?
Hosting and AI, paid straight to the providers, not through us. It usually runs 5x to 25x cheaper than doing the same work by hand, and we work out your figure from your real volumes before you sign.

Want the next capital call out on the day you planned?

Tell us how your team handles capital call and distribution notices today. We’ll show you this agent on examples like yours, and whether it fits the fixed price.

New to Switchboard Agents? How it works, what’s included, and what it costs.
  • 3 to 6 weeksto live, then 30 days of tuning
  • $12,500fixed, per agent
  • Yours to keepno license fees
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Switchboard Agents$12,500 fixed · live in 3 to 6 weeks How it works Let’s build your agent