Financial Services · Moraph software

Alt-Invest Compliance & Checkout Portal

Take private fund subscriptions online, with investor eligibility checked and evidenced before you accept

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Overview

What you are buying

The Alt-Invest Compliance & Checkout Portal replaces paper subscription packs for private equity and other private funds. Investors complete and sign their subscription documents online, the portal collects the evidence needed to verify accredited investor and qualified purchaser status, and your compliance team reviews and accepts each subscription with the reasons recorded. Accepted subscriptions feed the data for your Form D and state notice filings, which your team or counsel submits.

The problem it solves

Most private fund closings still run on PDF subscription booklets that investors fill in by hand, return incomplete, and correct by email. Investor relations chases missing pages and signatures, compliance checks accredited investor status from documents sent in every format, and nobody can say at a glance which investors are ready to close. When a regulator or auditor asks how an investor's status was verified under Rule 506(c), or why a subscription was accepted, the answer is a folder of emails and scanned letters.

  • Subscription booklets come back incomplete, unsigned or with conflicting answers
  • Accredited investor and qualified purchaser evidence arrives in every format and is checked by hand
  • Closing readiness is tracked in spreadsheets across investor relations, compliance and the administrator
  • Verification decisions and Form D data are hard to evidence after the close

Who uses it

  • Investor relations and fund operations teams at private equity, private credit and venture firms
  • Chief compliance officers who sign off on investor eligibility
  • Fund counsel who review subscription terms and prepare regulatory filings
  • Fund administrators who onboard investors into the register
  • Auditors and examiners, who need evidence of how each investor was accepted

Requirements it supports

Regulation D (17 CFR 230.500 to 230.508)Rule 506(c) accredited investor verification (17 CFR 230.506(c)(2)(ii))Rule 506(d) bad actor disqualificationForm D notice of exempt offering (17 CFR 239.500)Investment Company Act of 1940 Sections 3(c)(1) and 3(c)(7)OFAC sanctions regulations (31 CFR Chapter V)

The product supports these requirements; meeting them remains your organization’s responsibility.

See how it works

A short walkthrough

Illustrative screens with fictional sample data. They show the workflow, not any client’s data or configuration, and the layout of the product itself differs. A live demonstration uses the product with sample data.

  1. Step 1

    The closing board

    Investor relations sees every investor in the offering and what each is waiting on.

    InvestorTypeCommitmentQuestionnaireVerificationStatus
    Investor 40217Individual$250,000SubmittedAcceptedReady to countersign
    Example Family Trust (fictional)Trust$1,000,000SubmittedMore information requestedWith compliance
    Example Holdings LLC (fictional)Entity$2,500,000In progressNot startedWith investor
    Investor 40263Individual$500,000Inconsistent answersNot startedWith investor
    Example Pension Plan (fictional)Plan$5,000,000SubmittedAcceptedCountersigned
    Investor relations sees every investor in the offering and what each is waiting on.

  2. Step 2

    Answers that do not agree

    The questionnaire flags answers that contradict each other before the investor submits.

    Investor 40263 · Questionnaire check

    Investor type
    Individual
    Accreditation basis claimed
    Entity with assets over $5,000,000
    Qualified purchaser
    Not claimed
    Commitment
    $500,000
    Signatories
    1 of 1 pending

    Items to resolve

    • Accreditation basis does not apply to an individual investor
    • Tax form not yet uploaded
    • Wiring details missing bank country
    The questionnaire flags answers that contradict each other before the investor submits.

  3. Step 3

    Reviewing the evidence

    A compliance reviewer sees the status claimed, the evidence provided and the screening results, and records a decision.

    Example Family Trust (fictional) · Accredited investor verification

    Basis claimed
    Trust with assets over $5,000,000
    Evidence
    Verification letter from CPA (fictional firm)
    Letter date
    Fictional sample date
    Sanctions screening
    No match
    Trustee identity
    Second trustee not yet verified

    Reviewer checklist

    • Letter states the basis and the period reviewed
    • Letter signed by a licensed professional
    • Trust was not formed to acquire this interest
    • All trustees identified and screened
    A compliance reviewer sees the status claimed, the evidence provided and the screening results, and records a decision.

  4. Step 4

    The subscription history

    Every step from invitation to countersignature is kept with the subscription.

    Subscription S-11804 · Investor 40217

    1. Invitation sentInvestor relations
    2. Questionnaire completed and signedInvestor
    3. Brokerage statements uploaded as income and net worth evidenceInvestor
    4. Sanctions screening: no matchScreening provider
    5. Accredited status accepted, with reasonsCompliance reviewer
    6. Subscription countersignedGeneral partner
    Every step from invitation to countersignature is kept with the subscription.

  5. Step 5

    Exceptions for approval

    Anything outside the offering's rules waits for the chief compliance officer before it can close.

    SubscriptionInvestorExceptionRequested byStatus
    S-11851Example Holdings LLC (fictional)Commitment below offering minimumInvestor relationsAwaiting CCO
    S-11866Investor 40298Verification letter older than policy allowsCompliance reviewerAwaiting CCO
    S-11790Example Endowment (fictional)Side letter terms attachedInvestor relationsApproved
    Anything outside the offering's rules waits for the chief compliance officer before it can close.

  6. Step 6

    Filing data

    After the close, the portal assembles the offering data your team or counsel needs for Form D and state notices.

    Form D data · First close

    Exemption relied on
    Rule 506(c)
    Total amount sold
    $9,250,000
    Accredited investors
    4
    Non-accredited investors
    0
    Date of first sale
    Fictional sample date

    Sales by state

    • New York: 2 investors
    • Illinois: 1 investor
    • Texas: 1 investor
    After the close, the portal assembles the offering data your team or counsel needs for Form D and state notices.

Workflows

The principal workflows

  1. Invite

    Investor relations sets up the offering, its document set and its eligibility rules, then invites investors or their advisers to a secure subscription workspace.

    • Offering created with fund, share class and exemption relied on
    • Subscription documents and side questions loaded from your counsel's templates
    • Eligibility rules set: accredited investor, qualified purchaser, or both
    • Investors and their authorized representatives invited by email
    • Invitations, opens and progress tracked per investor

  2. Subscribe

    Investors answer the subscription questionnaire online. Answers drive which sections apply, conflicting answers are flagged before submission, and the completed documents are signed electronically.

    • Investor type selected: individual, trust, entity, plan or fund of funds
    • Questionnaire shows only the sections that apply to that investor type
    • Inconsistent or missing answers flagged before the investor can submit
    • Commitment amount, tax forms and wiring details captured
    • Documents signed electronically by each required signatory

  3. Verify

    The portal collects the evidence for each investor's status and runs sanctions and bad actor checks. A compliance reviewer decides whether the evidence supports the status claimed and records why.

    • Investor uploads evidence or requests a verification letter from a lawyer, CPA or adviser
    • Evidence checked for type, date and consistency with the questionnaire
    • Sanctions screening results and bad actor questionnaire attached
    • Compliance reviewer accepts, rejects or requests more information, with reasons
    • Verification record kept with the subscription

  4. Close and file

    Ready subscriptions are countersigned by the general partner. The portal prepares the closing package for the administrator and assembles the offering data for Form D and state notice filings.

    • Closing readiness shown per investor and per offering
    • General partner countersigns accepted subscriptions
    • Funding notice issued with the fund's bank instructions; receipt confirmed by your administrator
    • Investor data exported to the fund administrator's register
    • Form D and state notice filing data assembled for your team or counsel to submit

Roles and permissions

Who does what in the product

Each role below is a starting point. During implementation we set them up to match your teams, and every action anyone takes is recorded in the audit trail.

Investor or representative

Individual investor, trustee, authorized signatory, financial adviser, family office or attorney acting for an investor

Completes, evidences and signs a subscription, for their own investments or those they have been authorized to act for.

Sees

  • Their own subscriptions and the offering documents shared with them
  • What is still missing before they can submit
  • Requests for more information from the fund
  • Their signed documents

Does

  • Answers the subscription questionnaire
  • Uploads evidence of accredited investor or qualified purchaser status
  • Requests a verification letter from their lawyer, CPA or adviser
  • Signs documents electronically, or sends them to the required signatories
  • Invites a representative to help complete the subscription

Cannot

  • See other investors or their subscriptions
  • Change offering documents or terms
  • Sign on behalf of another signatory
Approvals
Their subscription is reviewed by the fund's compliance team and countersigned by the general partner before it is accepted.
Notified about
Invitations, requests for more information, missing signatures, and acceptance or countersignature of their subscription.

Investor relations

Investor relations associate, fund operations analyst, capital formation manager

Runs the offering day to day: sets it up, invites investors and gets each subscription to the point where compliance can review it.

Sees

  • Every offering they are assigned and its closing board
  • Each investor's progress through the questionnaire
  • Verification status, without the underlying financial evidence unless granted
  • Commitments by offering and share class

Does

  • Creates offerings and loads the document set
  • Invites investors and their representatives
  • Follows up on incomplete or inconsistent subscriptions
  • Requests exceptions, such as a commitment below the minimum
  • Exports accepted subscriptions to the fund administrator

Cannot

  • Accept or reject an investor's status
  • Approve their own exception requests
  • Change eligibility rules for an offering
Approvals
Exceptions they request are approved by the chief compliance officer; offering set-up is reviewed by compliance before invitations go out.
Notified about
Subscriptions submitted, returned or stalled, investor questions, and exception decisions.

Compliance reviewer

Compliance analyst, compliance associate, KYC analyst

Decides, with reasons, whether each investor's evidence supports the status claimed and whether screening results are cleared.

Sees

  • Submitted subscriptions in their review queue
  • Eligibility evidence, verification letters and questionnaire answers
  • Sanctions screening results and bad actor questionnaires
  • Earlier subscriptions and decisions for the same investor

Does

  • Reviews evidence against the accreditation or qualified purchaser basis claimed
  • Accepts, rejects or requests more information, with a recorded reason
  • Records the disposition of screening matches
  • Raises exceptions for the chief compliance officer
  • Checks bad actor questionnaires for covered persons

Cannot

  • Approve exceptions to the offering's rules
  • Change offering terms or eligibility rules
  • Review a subscription they helped the investor complete
Approvals
Their decisions on screening matches and exceptions go to the chief compliance officer; routine acceptances can be sampled for second review.
Notified about
New subscriptions for review, responses to their information requests, and screening results returned.

Chief compliance officer

Chief compliance officer, deputy CCO, general counsel

Owns investor eligibility for the firm: approves offering rules, exceptions and screening dispositions, and answers to auditors and examiners.

Sees

  • Every offering, subscription and verification record
  • Exceptions and screening matches awaiting a decision
  • Reporting on verification decisions and closing readiness
  • The full audit trail

Does

  • Approves eligibility rules and evidence requirements for each offering
  • Approves or declines exceptions
  • Clears or confirms sanctions screening matches
  • Reviews samples of accepted subscriptions
  • Releases Form D and state filing data to counsel

Cannot

  • Approve an exception they requested themselves; a second approver is required
  • Edit or delete entries in the audit trail
  • Change an investor's signed answers
Approvals
Approves offering rules, exceptions and screening dispositions; their own exception requests need a second designated approver.
Notified about
Exceptions and screening matches waiting for a decision, offerings ready to close, and filing data ready for release.

General partner signatory

Managing partner, authorized signatory of the general partner

Countersigns subscriptions that compliance has accepted, on behalf of the fund.

Sees

  • Subscriptions ready for countersignature, with their acceptance status
  • Commitments by offering
  • Exceptions approved for each subscription

Does

  • Countersigns accepted subscriptions
  • Declines a subscription with a reason
  • Signs side letters attached to a subscription

Cannot

  • Countersign a subscription that compliance has not accepted
  • Change investor answers or evidence
Approvals
Their countersignature is the final acceptance of the subscription by the fund.
Notified about
Subscriptions waiting for countersignature.

Fund administrator

Fund administrator's investor services or onboarding team

Receives accepted subscriptions for the investor register and confirms when commitments are funded.

Sees

  • Countersigned subscriptions for the funds they administer
  • Investor details, tax forms and signed documents released to them
  • Funding notices issued

Does

  • Downloads or receives accepted subscriptions by file or API
  • Confirms receipt of funds against each funding notice
  • Raises onboarding queries back to investor relations

Cannot

  • See subscriptions before they are countersigned
  • See verification evidence unless the firm grants it
  • Change subscriptions or decisions
Approvals
Their access is approved by the chief compliance officer for the funds they administer.
Notified about
Subscriptions released to them and funding notices issued.

Auditor (read-only)

Internal auditor, fund auditor, regulatory examiner (under temporary access)

Reviews how investors were accepted and the evidence behind each decision, without being able to change anything.

Sees

  • Subscriptions and verification records within the scope granted
  • Exception and screening decisions
  • Reports and the audit trail

Does

  • Searches and reads records within their scope
  • Exports records they have been given access to, with each export logged
  • Leaves review notes where the firm enables them

Cannot

  • Change, approve or delete anything
  • See records outside the scope and dates granted
  • Keep access after it expires
Approvals
Their access is approved by the chief compliance officer or an administrator, with a scope and an end date.
Notified about
Nothing by default; access granted and expiring is confirmed to the person who approved it.

Administrator

Application administrator, IT or operations systems administrator

Manages staff users, roles and configuration, without access to investor evidence.

Sees

  • Staff users, roles and teams
  • Branding, notification and integration settings
  • The record of permission changes

Does

  • Adds and removes staff users, or maps them from single sign-on groups
  • Assigns roles
  • Maintains branding, email templates and integration settings
  • Runs access review reports

Cannot

  • Open subscriptions or verification evidence
  • Grant themselves a compliance role without the chief compliance officer
  • Change eligibility rules
Approvals
Role changes that grant access to investor evidence are approved by the chief compliance officer.
Notified about
Access reviews coming due and staff accounts not used for a period your policy sets.

Permissions at a glance

ActionInvestorInvestor rel.ComplianceCCOGP signatoryAdministratorAuditorAdmin
Set up an offeringNo accessFullView onlyApprovesNo accessNo accessView onlyNo access
Invite investorsNo accessFullNo accessFullNo accessNo accessNo accessNo access
Complete and sign a subscriptionOwn work onlyNo accessNo accessNo accessNo accessNo accessNo accessNo access
View eligibility evidenceOwn work onlyNo accessFullFullNo accessNo accessView onlyNo access
Accept or reject investor statusNo accessNo accessFullFullNo accessNo accessNo accessNo access
Clear a screening matchNo accessNo accessNo accessApprovesNo accessNo accessView onlyNo access
Approve an exceptionNo accessNo accessNo accessApprovesNo accessNo accessView onlyNo access
Countersign a subscriptionNo accessNo accessNo accessNo accessFullNo accessNo accessNo access
Export to fund administratorNo accessFullNo accessFullNo accessView onlyNo accessNo access
Release Form D filing dataNo accessNo accessNo accessFullNo accessNo accessView onlyNo access
View audit trailNo accessNo accessView onlyView onlyNo accessNo accessView onlyView only
Manage users and rolesNo accessNo accessNo accessApprovesNo accessNo accessNo accessFull
  • Full
  • Own work only
  • Approves
  • View only
  • No access

How access is controlled

  • Collecting evidence and accepting an investor's status are separate: investor relations gathers the subscription, compliance decides, and exceptions need the chief compliance officer. Nobody approves an exception they requested.
  • Investors and their representatives see only the subscriptions they are part of. A representative can complete a subscription but cannot sign for the investor unless they are a named signatory.
  • Roles are configured with you during implementation. You can rename them, create custom roles, and limit them by fund, offering or team, and every permission change is recorded in the audit trail.
  • Staff sign in through your identity provider, and roles can follow its groups. Auditors, examiners and administrators get access limited to the funds and dates the firm grants, rather than shared accounts.

Features

What it does

Smart subscription questionnaire

One online questionnaire built from your counsel's documents, showing each investor only the sections that apply to them.

Consistency checks

Answers that contradict each other, such as an investor type and the accreditation basis claimed, are flagged before submission.

Accredited investor verification

Evidence collection for each basis of accreditation, including third-party verification letters, with the reviewer's decision and reasons recorded.

Qualified purchaser checks

Separate questions and evidence for qualified purchaser status where the fund relies on Section 3(c)(7).

Electronic signature

Subscription documents signed by each required signatory, with the signed version and signing record stored together.

Sanctions and bad actor checks

Results from your sanctions screening provider and bad actor questionnaires attached to each investor and covered person.

Closing readiness board

Every investor's status in one view: invited, in progress, submitted, verified, countersigned and funded.

Adviser and representative access

Investors can delegate completion to a financial adviser, family office or attorney, while signatures stay with the investor.

Funding notices

Funding notices issued with the fund's own bank instructions; Moraph does not hold or move investor funds.

Form D and state filing data

Offering amounts, investor counts and sales by state assembled from accepted subscriptions, ready for your team or counsel to file.

Reusable investor profiles

Returning investors start from their earlier answers and documents, and confirm or update them for the new offering.

Audit trail

Every answer change, document, signature, verification decision and export recorded with the person and time.

Integrations

How it connects to your systems

Connects toHowWhat flows
Electronic signatureSigning through the e-signature service you already use, including Moraph's managed Digital Transaction Management service.Out: documents for signature. In: signed documents and signing certificates.
Sanctions screeningInvestors, beneficial owners and signatories sent to your screening provider, with results attached to the subscription.Out: names, dates of birth and countries. In: screening results and dispositions.
Fund administrationAccepted subscriptions exported to your administrator's investor register by file or API.Out: investor details, commitments, tax forms and documents.
CRMInvestor and prospect records synchronized with your CRM, so investor relations works from one contact list.In: contacts and entities. Out: subscription status by investor.
Identity verificationIdentity checks on individual investors and signatories through your chosen provider, where your procedures require them.Out: identity details. In: verification result.
Single sign-onYour staff sign in through your identity provider (SAML or OpenID Connect); investors use their own accounts with multi-factor authentication.In: staff identity and group membership for role assignment.
Work APISubscription, verification and closing data available to your data warehouse and reporting tools through the Moraph Work API.Out: offerings, subscriptions, decisions and status.

Each integration is confirmed in discovery and specified in the design. See how an engagement progresses.

Security and privacy

How your data is protected

Single sign-on

Your staff sign in through your identity provider, so your password and multi-factor policies apply.

Investor accounts with multi-factor authentication

Investors and their representatives sign in with their own accounts and multi-factor authentication, and see only the subscriptions they are part of.

Role-based access

What each person can see and do follows their role; accepting an investor's status is separate from collecting the evidence.

Encryption and keys

Client and investor data is encrypted, with keys Moraph staff cannot use without explicit, time-bound authorization.

Complete audit trail

Every view, change, decision, signature and export is logged with the person and time, and cannot be edited.

Data residency

Data stays in the hosting region you choose: the United States, the United Kingdom or Australia.

Company-wide controls, independent audits (SOC 2 Type II and ISO/IEC 27001) and data residency are described in our Trust Center, where you can request the evidence pack.

Reporting

What you can report on

11 standard reports, grouped by who uses them. Each shows who it is for, how it can be broken down, how it is delivered and what it is used for. The data behind them is also available to your own reporting tools.

Closing

Closing readiness

For investor relations and the chief compliance officer

Every investor in an offering with their questionnaire, verification, signature, countersignature and funding status.

Break down by
Offering, Share class, Investor type, Status, Waiting on
Delivered as
Live dashboard; CSV export
Used for
Knowing who is ready to close and what is holding up the rest.

Stalled subscriptions

For investor relations

Subscriptions with no activity for a period you set, with the last step completed and the outstanding items.

Break down by
Offering, Investor relations contact, Outstanding item, Days since last activity
Delivered as
Live dashboard; scheduled email
Used for
Following up with investors and representatives before the closing date.

Commitments

For investor relations, general partner, fund administrator

Commitments submitted, accepted, countersigned and funded, against the offering's target.

Break down by
Offering, Share class, Investor type, State or country
Delivered as
Live dashboard; PDF; CSV export
Used for
Tracking capital raised and preparing closing figures.

Compliance

Verification decisions

For chief compliance officer

Each investor's claimed status, the evidence relied on, the reviewer's decision and its reason.

Break down by
Offering, Accreditation basis, Evidence type, Reviewer, Decision
Delivered as
Live view; PDF and CSV export
Used for
Evidencing the reasonable steps taken to verify accredited investor status.

Screening and bad actor checks

For chief compliance officer and compliance reviewers

Sanctions screening results and bad actor questionnaire responses for investors and covered persons, with dispositions.

Break down by
Offering, Check type, Result, Disposition
Delivered as
Live view; PDF and CSV export
Used for
Showing that every investor and covered person was checked and every match resolved.

Exceptions log

For chief compliance officer and auditors

Every exception requested, who requested and approved it, and the reason.

Break down by
Offering, Exception type, Requester, Decision
Delivered as
Live view; PDF and CSV export
Used for
Reviewing how often the firm departs from its offering rules and why.

Reviewer workload

For chief compliance officer

Subscriptions waiting for compliance review, by age and reviewer, and decisions made per period.

Break down by
Reviewer, Offering, Age band, Period
Delivered as
Live dashboard; CSV export
Used for
Balancing review work ahead of a closing date.

Regulatory and audit

Form D and state notice data

For chief compliance officer and fund counsel

Offering amounts, investor counts, accredited and non-accredited investors, date of first sale and sales by state.

Break down by
Offering, State, Closing
Delivered as
PDF and CSV export
Used for
Giving counsel accurate figures for Form D and state notice filings, and recording when they were filed.

Subscription record

For auditors and examiners

For a selected investor, the questionnaire answers, evidence, decisions, signatures and countersignature, in one package.

Break down by
Investor, Offering, Date range
Delivered as
On request in the product; PDF export
Used for
Answering auditor or examiner requests about a specific investor without assembling files by hand.

Audit trail extract

For internal audit and examiners

Who did what, when and why for a selected subscription, offering or period.

Break down by
Record, User, Action, Date range
Delivered as
On request in the product; CSV and PDF export
Used for
Providing evidence of who changed, reviewed and approved each record.

Access review

For chief compliance officer and administrators

Each staff member and external party with access, their roles, the funds they can see and when they last signed in.

Break down by
Role, Fund, User type, Last sign-in
Delivered as
Live view; CSV export
Used for
Periodic certification that only the right people can see investor data.

Exports, access and evidence

  • Every report can be exported to CSV, and summary and evidence reports to PDF. Reports can be scheduled to arrive by email for the people entitled to see them.
  • Each report can be filtered by fund, offering and closing, and the filters saved, so investor relations and compliance can keep their own views.
  • Offering, subscription and verification data is available through the Moraph Work API, and can be delivered to your data warehouse or reporting tools.
  • Reports respect each viewer's role: investor relations does not see financial evidence unless granted, and auditors see only the funds and dates in their scope.
  • Compliance and audit reports can be run as of a past date and give the same result each time. Running and exporting a report is itself recorded in the audit trail.

Deployment

Where and how it runs

Moraph cloud

Hosted and operated by Moraph in the United States region. United Kingdom and Australia regions are available for managers outside the US.

Dedicated environment

A single-tenant environment for managers whose policies require isolation, scoped in the proposal.

Branded investor portal

The investor-facing pages carry your firm's name and branding on a domain you choose.

Security controls, independent audits and data residency are set out in our Trust Center. Engagement models and what drives a quotation are on Working with Moraph.

Implementation

What a rollout involves

The general phases are on Working with Moraph. For this product, they involve the following.

Document conversion

We convert your counsel's subscription booklet and side questions into the online questionnaire, and your counsel reviews the result before it is used. We need the current documents and a contact at your law firm.

Eligibility rules

Investor types, accreditation bases, qualified purchaser tests and the evidence each requires are configured to your compliance procedures.

Integrations

E-signature, sanctions screening, CRM and administrator exports are connected and tested with sample investors.

Workflow and roles

Review steps, approval rules, exception handling and roles are configured to match your procedures.

Pilot offering

A first offering or a single share class runs through the portal with a small group of investors, and the questionnaire is adjusted from what they report.

Training and go-live

Investor relations, compliance and administrator staff are trained on their own workflows, and investor-facing guidance is prepared with your branding.

Limitations

What it does not do

Worth knowing before you evaluate it.

  • The portal does not decide whether an investor is accredited or a qualified purchaser. Your compliance team reviews the evidence and makes that decision, and the portal records it.
  • It does not file Form D or state notice filings. It assembles the data, and your team or counsel submits filings through EDGAR and the relevant state systems.
  • Moraph does not hold, receive or move investor funds. Capital is wired to the fund's own bank account, and receipt is confirmed by your administrator.
  • It is not a sanctions screening engine. It sends investor details to the screening provider you choose and records the results.
  • Subscription documents and questions are your counsel's. Moraph converts them into the online form but does not give legal advice on their content.
  • It is designed for US private placements under Regulation D. Offerings under Regulation S or other countries' private placement rules need separate configuration and review by your counsel.
  • It does not maintain the fund's investor register or capital accounts after the close; that stays with your administrator.
  • Ongoing investor reporting, capital calls after the initial closing and distributions are not included.

Evaluation checklist

What to test in a demonstration or pilot

Questions worth putting to us, and to any other vendor you are considering.

  1. Give us your current subscription booklet and review how it reads as an online questionnaire
  2. Ask a colleague to subscribe as a trust investor and note where they get stuck
  3. Check that the consistency checks catch the errors you see most often in paper booklets
  4. Walk through an accredited investor verification and decide whether the record would satisfy your auditor
  5. Review the closing board against how you track readiness today
  6. Confirm role separation: who can collect evidence, accept a status and approve an exception

Questions

Frequently asked questions

Who owns the investor data in the portal?

Your firm does. How it is returned to you and deleted at the end of the agreement is set out in the contract.

Can we use our existing subscription documents?

Yes. We convert your counsel's documents into the online questionnaire, and your counsel reviews the result before any investor sees it.

Does the portal verify accredited investor status for us?

It collects and checks the evidence and presents it to your compliance reviewer, who decides. The decision and the reasons are recorded with the subscription.

Does Moraph handle investor money?

No. Funding notices carry your fund's own bank instructions, and your administrator confirms receipt. Moraph does not hold or move funds.

How is it priced?

As a subscription, usually measured by the number of funds or offerings and investors, with implementation charged separately. See Working with Moraph for what drives a quotation.

Is there an accessibility conformance report?

Ask for one through the procurement request form at /how-to-buy/request, naming the version you are evaluating.

Next steps

Evaluate Alt-Invest Compliance & Checkout Portal

Book a demonstration

See the product working with sample data, focused on your workflows.

Request a demonstration

Request a technical briefing

Architecture, integrations, security and hosting, with our engineers and your technical team.

Request a briefing

Factsheet

This page on two sides, to share with colleagues or add to your evaluation file.

Open the factsheet

Buying through a formal procurement? See How to buy for purchasing routes, accessibility conformance reports and company information. Documentation: Alt-Invest Compliance & Checkout Portal guides on docs.moraph.com (getting started and security guides are public; setup, administration and integration guides are for client accounts). Support: Alt-Invest Compliance & Checkout Portal support guide.

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