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Fundraising and capital markets

Data room for VCC funds

Short answerA Singapore Variable Capital Company (VCC) is a corporate fund structure that can hold several sub-funds. A data room keeps the constitution, offering documents, sub-fund records and investor reports organised, with permissions per sub-fund and investor.

How it works in Singapore

The VCC framework, launched in 2020 and administered by ACRA with MAS oversight of the fund manager, lets managers set up umbrella funds with segregated sub-funds. It is used by private equity, venture, hedge and family office structures.

Investors in one sub-fund should not see another's records, so permissions matter.

Best data rooms for vcc funds

Our five measures re-weighted for this use case, with a small bonus for rooms built for it. Prices before 9% GST.

  1. 1 Ellty ~S$191/mo 9.1 Visit Ellty
  2. 2 iDeals On quote 8.8
  3. 3 Datasite On quote 8.7
  4. 4 Intralinks On quote 8.5
  5. 5 Ansarada On quote 8.5
  6. 6 Firmex On quote 8.3
  7. 7 Drooms On quote 8.3
  8. 8 SmartRoom On quote 8.1
  9. 9 Box ~S$19/user/mo 8.0
  10. 10 Citrix ShareFile ~S$70/mo 7.9
26%Security19%Deal tools22%Permissions16%Ease of use16%Cost

Folder index for vcc funds

01
Umbrella VCCConstitution, ACRA records, service providers.
02
Sub-fund AOffering documents, investor records, reports.
03
Sub-fund BSame structure.
04
ManagerLicence and policies.
05
Audit and complianceAudited accounts and AML records.

Singapore rules that apply

VCC Act

Sub-fund assets and liabilities are segregated; records must be kept per sub-fund.

MAS-licensed manager

A VCC must be managed by a permissible fund manager regulated by MAS.

More detail: MAS technology risk, PDPA.

Features you need

FeatureWhy it matters hereRooms in our top 10 that list it
View and download controlEach file can be set to view-only, print or download, and the setting can be changed later.9 of 10
Audit trailTime-stamped history of who opened, printed or downloaded each document, exportable for a dispute, insurer or regulator.10 of 10
Two-factor loginEvery login needs a one-time code, app approval or security key as well as the password.10 of 10

How to set it up

  1. Mirror the sub-fundsOne folder set per sub-fund.
  2. Restrict investorsInvestors see only their sub-fund and their own statements.

Mistakes to avoid

  • Mixing sub-fund records.
  • Investor statements visible to other investors.

Questions people ask

What is a VCC?

A Singapore corporate fund structure introduced in 2020 that can act as an umbrella for multiple sub-funds with segregated assets.

Who regulates a VCC?

ACRA registers and administers VCCs; MAS regulates the fund manager and AML requirements.

Why use permissions per sub-fund?

Each sub-fund has different investors who should only see their own records.