Six things every raise-ready sponsor has done before asking for capital
Drawn from every submission the listings team has screened — the pattern behind the ones that closed.
1 · Title first, everything else second
Every stalled raise we have screened shares one root cause: title work started too late. Registration, consolidation or lease extension at the Lands Commission runs on its own clock — start it before you approach anyone for capital, because diligence can run in parallel but no offering opens without a clean position.
2 · Two years of audited numbers is the entry ticket
Management accounts start conversations; audited financials close them. If your last audit is older than a cycle, commission it now — the committee weighs audited months more heavily than any projection, and the cost is recoverable into the raise.
3 · Your stake is your signal
Committees read a sponsor stake below 15% as low conviction, whatever the explanation. If liquidity forces you lower, structure an earn-back — recovering equity over the first distributions — rather than opening below the line.
4 · A data room is a weekend of work that saves a quarter
Leases, statements, permits, insurance, the management agreement — one folder, current versions. Sponsors who arrive with a complete data room clear screening in days; the alternative is a quarter of drip-fed requests that stall momentum on both sides.
5 · Diligence costs are structured, not swallowed
Valuation, title search and SPV setup are carried by the Sponsor Development Facility and settled from raise proceeds. The cost of readiness should never be the reason an income-producing asset stays unlisted.
6 · Know your number and its ceiling
The platform caps raises at 75% of independent valuation. Price your ask against that ceiling and against your retained stake — an ask that respects both clears the committee faster than a bigger number that fails either.
When the boxes above are ticked, screening takes days, not months.
Submit your asset →