How to request and track LP wire confirmations
GPs can request wire confirmations from LPs directly through the Carta platform. This is recommended before distributions and is also required to resolve a bank account health check failure before a capital call can be sent.
Once the request is sent, the LP will receive an email from Carta prompting them to update or confirm their wire instructions in their LP Portal.
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Click Request Wire Instructions on the distribution request confirmation page or the Partners page
Select the individual or group of investors you’d like to send a confirmation request to.
Click Continue.
Customize the message on the request form.
Click Send Request Wire Instructions Emails.
Your investors will receive an email asking them to update or confirm their wire instructions.
After clicking View account (existing users) or Create account (new users), they'll be directed to their LP Portal where they can easily confirm or update in a few clicks.
Track the wire instructions status under the Partners tab.
Wire confirmation status has four possible values:
Added — wire instructions have been added but not yet confirmed
Confirmed — the LP has confirmed their wire instructions, with the date of confirmation
Missing — no wire instructions on file
Over a year old — wire instructions have not been confirmed in over a year