DocDep Augments Sonar LP Communications with New Tools for Investors

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DocDep announced today that is has expanded the functionality of its investor relations product Sonar LP Communications to enhance the user experience of limited partners (LPs).

DocDep announced today that is has expanded the functionality of its investor relations product Sonar LP Communications to enhance the user experience of limited partners (LPs). It now includes features for convenient investor-to-investor communication and more flexible share transfers.

Sonar LP Communications now includes an investor bulletin board for posting notes, updates, and other information to be communicated between LPs, fostering greater community among investors. This includes the ability to post interests for sale, triggering a workflow first for firm approval and then general notification to other LPs about the shares available for purchase. Sonar LP Communications now also makes it easy to record any share transfers within the system, facilitating reassignment of interest.

Sonar LP Communications is an online portal for managing and accessing investor information, updates, and tax documents. Alternative investment firms often struggle to regularly and securely communicate investment information with their limited partners. Updates are typically limited to occasional physical or electronic mailings, or they are shared collectively to the entire LP base. Sonar LP Communications is ideally suited for alternative investors who are seeking to improve their investor relations and communicate investment information through a secure channel.

“DocDep continues to develop its software to boost the investor experience for both firm and LP,” said Farid Naib, CEO and Founder of DocDep. “The more tools investors have at their disposal, the more active and involved they can be in investment decisions.”

Sonar LP Communications is currently used by more than 4,000 LPs nationwide to access a personalized view of their individual investments, obtain regular performance updates, and receive annual K1s. For more information about the Sonar suite and how it helps alternative investments firms more effectively manage their investor relations and portfolio companies, visit http://www.docdep.com.

About DocDep
DocDep creates tailored, online critical data management applications for the venture, private equity, legal, financial, and investment-backed communities. Its array of modules address the specific data needs for secure organization, reporting, and analysis within these verticals, enabling compliance, good governance, and empowered decision-making. For more information contact DocDep at 800-872-9394 or visit http://www.docdep.com

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REBECCA HOLLOWAY
DocDep
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