Capital Raising & Investor Onboarding
Real estate capital raising software helps sponsors raise equity from LPs for syndications and funds: an investor CRM, deal marketing, a commitment pipeline, online subscriptions with e-signature, and the controls a 506(b) or 506(c) private placement needs.
Real estate capital raising software is the platform a sponsor or general partner (GP) uses to raise equity for a syndication or fund from limited partners (LPs). It keeps the investor CRM, markets the offering, takes investors through subscription and e-signature, and tracks every commitment until the money arrives. Raising capital for commercial real estate (CRE) is usually a private placement under Regulation D, so CRE capital raising software, also called CRE private placement software or CRE fundraising software, has to support the compliance steps that come with it: accredited investor checks, gated deal materials and signed subscription agreements. This topic covers fundraising, finding and onboarding LPs, and those private-placement controls. It does not cover drafting a PPM or Form D, and nothing here is legal advice.
Across all industries, issuers filed 34,553 new Regulation D offerings in 2025 and reported $2,391.5 billion sold, according to the SEC's Regulation D offering statistics. Rule 506(b) is the workhorse: issuers claimed it in 30,315 of those offerings, against 3,989 for Rule 506(c). Rule 506(c) is growing, with 1,207 new offerings claiming it in Q2 2026 compared with 919 in Q2 2025.
The two rules change how you market a raise. Under Rule 506(b) there is no general solicitation or advertising, and securities may not be sold to more than 35 non-accredited investors in any 90-calendar-day period, each of whom must have enough financial knowledge and experience to evaluate the investment. Rule 506(c) lets issuers broadly solicit and generally advertise, provided all purchasers are accredited investors and the issuer takes reasonable steps to verify their status. Either way the investor pool is limited: approximately 12.6% of the U.S. population qualifies as an accredited investor, primarily based on net worth, according to a June 2025 study by the SEC's Office of the Investor Advocate. Your securities counsel decides which exemption fits the raise. The software's job is to apply that choice consistently.
Whether you are a first-time sponsor looking for user-friendly software or a growing real estate investment firm comparing the leading software for real estate capital raising, the best platforms for managing capital raises cover the whole raise, not just the subscription documents:
Covercy One runs the raise from first conversation to funded commitment, for syndications and funds:
A subscription agreement is the document an investor signs to commit capital to a private offering: their offer to buy interests, with the representations the sponsor relies on. It binds once the sponsor accepts it, usually by countersigning. Here is what it contains, who signs it and in what order, and when the commitment counts.
A buyer's guide to real estate syndication software for sponsors: what it should handle, the criteria that matter, questions to ask vendors, and how to compare platforms.
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Rule 506(c) lets GPs advertise their raises publicly — but most sponsors never take advantage of it. Here's how to build a compliant paid-advertising strategy that reaches accredited investors at scale.
Lenders are forcing GPs to raise 15–20% more equity per deal. Here's what tighter LTVs mean for real estate fundraising software and your operations.
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Review top capital raising software platforms for real estate! Learn about capital stack options, software features, and why GPs choose Covercy.
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Fundraising made easy with Covercy. Built for commercial real estate professionals.
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Below is a sample real estate syndication agreement for a hypothetical commercial multifamily property, designed to illustrate the typical structure and key
Step-by-step Help Center guides for this topic in Covercy One.
Use the Add to pipeline selector when you send bulk invitations so invited investors appear in your fundraise pipeline immediately, without waiting for them to submit.
Work through the self-accreditation step when a sponsor's deal requires it, so you can record your accreditation status, unlock the protected deal content, and continue investing.
Build the investor landing page for a fundraise in Covercy One — assemble it from sections you can add, rename, reorder, and hide; write a rich description; add a video, file sections of documents and images, and your team; control what sits behind an NDA; set the self-service flow; and choose who can discover the fundraise.
Link your Gmail or Outlook mailbox to Covercy One so emails and meetings with your contacts sync automatically into the CRM, and choose which email domains stay out of it.
Start a fundraise on a holding in Covercy One, choose between a Commitment and an Investment raise, write the description investors read on its card, add opportunities to your pipeline, and delete a fundraise you no longer need.
Browse the investment opportunities your sponsors have shared with you on the investor portal, read what each opportunity card tells you — including the sponsor's own description of the raise — understand why a deal does or doesn't appear in your list, reach deals your sponsor sent you as a link, and know when to expect an email about a newly available opportunity.
When a reviewer rejects an investor you submitted, read the reason in the broker portal, upload the corrected document, reply in the comments, and approve your firm's review so the submission moves back through review.
Understand the steps your investors complete after you invite them to a deal — from choosing their investing entity through signing and funding — so you can send them to the right step, hold them to the amount you agreed, follow their progress, know what they see when others sign the agreement too, and know exactly what comes back when they fund.
Open an invitation from your sponsor, work through the guided investment wizard, sign when it's your turn if others sign the agreement too, fund your commitment from a bank in the US or abroad, and pick up where you left off whenever you pause.
Invite reps to your broker-dealer or RIA firm in the broker portal, and resend or revoke a pending invitation — for firm admins.
Send portal signup invitations to your contacts one at a time or in bulk, add an optional personal message, and track each contact's portal status from your contacts list.
Create a capital call against a holding's positions, add investors to it later, find it again in the holding's Contributions tab, and move each investor's funding request between any two stages — including undoing a decline.
Record meetings, calls, emails, and notes against your contacts, and create, assign, and track tasks across your Covercy One CRM — including tasks kept in step with your connected mailbox.
Create and edit investing entities in your Covercy One CRM, record their tax identification and addresses, link contacts, preview the investor portal as one of those contacts, and review each entity's cash flows.
Add, edit, import, and export contacts in your Covercy One CRM, link them to investing entities and manage each entity's primary contact, email them, find any contact by name or any email address on their record, narrow the list with the Tags filter and the Filters menu, and edit tags for several contacts at once.
Work opportunities through your pipeline: see what needs your attention on the fundraise page, then use the Next Steps panel to send outreach, assign agreement signers, ask a signed investor to fund, add a personal note, change status, and stay in sync through automatic emails, and understand why a send or a status change is sometimes stopped.
Share one public link that lists your published fundraises, choose which deals appear on it, set its hero image and optional lead gate, and see what visitors and link previews show.
Ask a signed investor for all or part of their commitment while their position is still waiting on review or a closing, and track the money until the deal can be marked invested.
Enable the self-accreditation gate on an opportunity so prospective investors confirm their accreditation status before accessing deal content, and manage each investor's accreditation status from their Accreditation card.
Find the opportunities waiting on you, read the Review card, check documents and fees, approve or reject with a reason, and connect a direct opportunity to a broker.
As a fund's managing broker-dealer, find the submissions waiting on your review in the broker portal, check the documents and figures, and approve or reject each one.
Set up amount-based share class routing on a fundraise so each investor is automatically assigned the share class that matches their commitment amount.
Find the commission terms that apply to your firm on a fund, read the fees and conditions locked on each submission, and follow your firm's commission payments on the Closings & Payments tab of the broker portal.
Review your investor communications in one place on the Communications page, expand a row to read its full formatted content, send a new email from the page header, filter the feed, and save reusable message templates for your fundraise outreach.
Set the dates a fundraise closes on, assign approved investors to closings, execute a closing to book their positions, and record commission payments as paid.
Set up the NDA and subscription agreement templates investors sign in your fundraise — create, clone, and assign each template per share class, add signers and documents, choose its merge fields, and control where investors sign.
Choose how a fundraise is placed, invite managing broker-dealers and broker firms to sell it, manage each firm's commission terms, and choose a fund administrator firm for the fund.
Find and sign agreements your fund manager sends you for a holding, such as side letters, consents or acknowledgements. You can sign from your investor portal or from the link in the email, and you get your signed copy afterwards.
Use Add Investor in the broker portal to send a signed investor package to a fund: enter the contact and investing entity, upload the signed subscription document and any KYC items, and submit it for review.
Use the Status column, the Funnel and the investor drawer's Review card in the broker portal to see who each submission is waiting on, what changed since your last review, how much money has arrived, and how far the fund has progressed.
When Settings › Branding › Before showing opportunities is set to ask for name and email first, the form on your public Opportunities page now asks for Full name, Email and Phone, all required, so every new lead reaches your CRM with a number to call. Your public forms, the Opportunities page and a single deal's public investment link, now follow one rule for a phone: a new contact gets it as their phone, an existing contact with no phone gets it as their phone, and a different number is added as an extra phone labelled From Opportunity page, while the same number again adds nothing. The deal link no longer replaces a contact's main phone, so the number you have on file stays put. On the contact page, a phone's Edit form shows the From Opportunity page label and lets you switch it to Mobile, Work, Home or Other.
When an investor switched payout accounts, you could be left approving the same change once per holding, and your own edits to an account could show up as a pending request. Now the Investor Accounts tab on your Banking page gathers waiting changes under Awaiting approval, and you approve or reject everything one investor action created in a single decision: if any holding can't be updated, nothing changes and you see which one and why, and the investor is notified once. Edits you make yourself take effect right away, without opening a request or replacing one the investor already has waiting, and investor accounts now live on Investor Accounts and each entity's Banking tab instead of your Bank Accounts table. Investors can open an account row on their Banking page to edit it or make it their default, see a holding's account in read-only view even when you set it, and the default banner now explains that a GP's different default applies to holdings with that GP from now on. If a Gmail or Outlook mailbox you connected stops working, a warning at the top of your pages now names it and offers to reconnect, Settings › CRM › Email explains why it disconnected, and the only remaining Admin of an organization is now protected from being removed, disabled or demoted. Covercy will never ask you to share your password, two-factor codes, or banking credentials by email, text, or phone.
In Fund Setup, the Closing Schedule's Effective from date now does what it says. A start date earlier than today used to be quietly replaced with today, and closings generated by an earlier save could stay ahead of a later date; now the schedule, its preview of upcoming closings and the closings it creates all begin on the date you choose, and leaving the field empty still starts the schedule today. When you save, upcoming closings the schedule generated that no investor has joined yet are replaced, while closings that are open, locked, finalized or closed, closings you added or edited by hand, and any closing an investor is already assigned to stay as they are. Covercy will never ask you to share your password, two-factor codes, or banking credentials by email, text, or phone.
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