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I Requested a Transfer of Interest. What Happens Next?

This article explains what happens after you request a transfer of interest.

Interested in how to initiate a transfer of interest? See How to Request a Transfer of Interest.

The Transfer of Interest process

1. Transfer requested

  • The deal lead or transferor contacts Sydecar operations to request a transfer for a specific deal.

2. Operations collects transfer details

  • Our team gathers the amount being transferred and the transferee's information.
  • The transfer request is reviewed to ensure that it complies with the terms of the LLCA.

3. Transferee account created

  • If the transferee doesn't already have a Sydecar profile, we send an invitation to create one. Account creation, including KYC/KYB completion, must be finished before the transfer can proceed.

4. eSign documents generated & sent via email

  • The transfer agreement is generated and emailed to the transferor, transferee, and deal lead for signature.

5. Transfer approved & executed

  • The deal lead approves the transfer by signing the agreement. The transferor, transferee, and Sydecar also sign. The agreement includes the effective date of the transfer and the amount of the interest being transferred.

6. Transfer visible on Sydecar

  • Once the effective date is reached, the transfer is reflected on the platform for all parties.

A note on timing

The effective date on the agreement must fall on a quarter-end date (3/31, 6/30, 9/30, or 12/31), as outlined in How to Request a Transfer of Interest. This is why a transfer may not appear on the platform immediately after signatures are collected — it becomes visible once that effective date arrives.

Compliance

All transfers are subject to review in accordance with applicable securities laws and regulations.

  1. Resale Exemption: The interest being transferred to a third party must comply with one or more resale exemptions.
  2. PTP Rule: For any transfer to a third party, such transfer must conform to a publicly traded partnership (PTP) safe harbor.

See How to Request a Transfer of Interest for details on eligibility and compliance considerations before submitting a request.