Private capital
Custody arrangements for private capital transactions
Regulated custody for subscription proceeds, capital calls, SPV accounts, co-investments and investor distributions, with release mechanics documented for the relevant structure.
Where custody is used
Subscription proceeds
Investor subscription monies held for a closing, released against the instruction mechanism agreed for the fund or vehicle.
Capital calls
Investor contributions held pending deployment, with release on the drawdown instruction documented in the arrangement.
SPV accounts
Dedicated custody arrangements from pre-formation through to deployment, where the vehicle does not yet have banking of its own.
Investor distributions
Payment administration on a liquidity event, subject to completed onboarding for each recipient and a valid distribution instruction.
Co-investment structures
Multi-party custody where several investors fund into one arrangement and release is concurrent.
The operating position
Titanium supports structures drafted for the specific vehicle, through a dedicated transaction team. Documentation, onboarding and release mechanics are reviewed mandate by mandate, and the people who set an arrangement up are the people who operate it.
Titanium reads the structure documents for each mandate and agrees the release mechanics against them. Where the requirement is a repeatable digital subscription workflow across a large investor population, say so at the outset and Titanium will tell you whether it is the right fit for that mandate.
Release in every case is on the mechanism written into the arrangement. Titanium does not determine whether a drawdown condition has been met or whether a distribution waterfall has been calculated correctly. It acts on valid authorised instructions, or on documentary evidence expressly specified in the agreement.
Onboarding requirements apply to each contributing and receiving party, and vary with jurisdiction, ownership structure and source of funds. Titanium confirms an indicative timetable after its initial review of the structure. Titanium does not provide investment advice and does not manage funds.
Discuss a structure
Send the structure, the investor population and the closing timetable. We will confirm what we can hold and how release would be documented.