Edit a draft distribution

By the end of this guide you'll have reopened a draft distribution, changed its details — period, source of funds, hurdle totals, and per-investor allocations — and saved your edits back to the same distribution.

Before you start

You can edit a distribution while it's still in an editable state — a draft you haven't finalized, and also a distribution whose notice has already gone out. Editing reuses the same form you used to create the distribution, prefilled with everything you saved earlier, and your changes update the existing distribution rather than creating a new one. Once a distribution moves past the point where its details can change, the Edit action is no longer offered and the distribution becomes read-only.

Open the distribution for editing

1. Open the holding the distribution belongs to and go to its Distributions tab.
2. Find the distribution you want to change in the list.
3. Select Edit from the distribution's actions — either on its row in the list or on its detail page.
4. The distribution form opens in edit mode, prefilled with the details you saved earlier.

Editing a distribution after its notice has been sent

A distribution whose notice has already been sent stays editable. Its main actions are Edit, Delete, and Finalize, and you can save corrections the same way you would on a draft. Send Notice is no longer offered from that point — a distribution sends its notice once, and the notice your investors already received stays on record as sent.

What's already filled in

Because the edit form loads from your saved distribution, you don't start over. When the form opens you'll see your saved values already in place:

• Distribution details — the saved name, period configuration, dates, source-of-funds fields, and share class context.
• Hurdles — the same hurdle rows you saved, each with its hurdle type, total amount, and any GP promote values. Hurdle total amounts open as editable inputs, prefilled from what you saved.
• Investor allocations — each investor row prefilled with its saved gross, tax withholding, adjustment, and net amounts, plus the payment method and bank-account selections you chose.

Investors are listed alphabetically by name, with GP Promote member rows alphabetical too and Remaining Funds (GP) always last — the same order as the distribution's detail page. Each investing entity appears as a single row per share class, even when that entity holds several positions in the class; the row shows the entity's combined amount, and Covercy One keeps the split across the underlying positions behind the scenes when you save.

Make your changes

Change whatever you need to — the edit form behaves the same way as when you created the distribution:

• Details and source of funds — update the distribution name, period, dates, or source of funds.
• Hurdle totals — each hurdle's Total Amount stays editable at every stage, before and after allocations are calculated. Enter a new total and re-calculate to split it across investors (top-down editing). You can also add or remove hurdle types.
• Per-investor amounts — expand an investor's hurdle row to edit the Gross amount directly; it's the first field in the expanded row, ahead of Tax Withholding and Adjustments. The GP promote and net amounts update from your change, the tax withholding follows when it's set as a percentage, and the investor's totals, the hurdle total, and the distribution total recompute to match (bottom-up editing).
• Payment configuration — change how each investor is paid through the same Payment Configuration controls used during creation. Payment method, recipient bank account, memo, and payment date set on an investor's row apply to every position behind that row, and the investor is still paid once when the distribution is finalized.
• GP Promote members — expand a named Promote member row to use Remove transfer. This action is available only while the distribution is editable.

Save your edits

When your changes are ready, submit the form to save. The same validation that applies when creating a distribution applies here, so fix any flagged fields before the edit will save. Your changes are written back to the existing distribution — it keeps its place in the list and its history — rather than creating a new one. Saving an edit does not send any notices or make any payments.

Verify it worked

Reopen the distribution from the holding's Distributions tab and confirm your changes are reflected — the updated name, dates, hurdle totals, per-investor allocations, and summary footer should all match what you intended. If an edit won't save, check the form for validation messages on the fields you changed. If the Edit action isn't available or something else blocks you, confirm you have access to the holding or reach out to our team for help.