Just Released - Unit Class Configuration, Privacy Enhancements & More

This release delivers greater precision for funds with multiple unit classes, alongside strengthened privacy protections that reflect evolving expectations around sensitive investor data. Together, these updates give fund managers finer control over complex structures whilst ensuring compliance and confidentiality remain front and centre.

Unit Class Configuration

Many funds operate multiple classes with different prices, fees, eligibility criteria, and distribution policies. This release introduces a dedicated unit class so managers can configure class level settings in one place.

Fund managers can now set unit values directly at the class level and create and manage management fees per class. This granular approach ensures that complex fund structures run efficiently and report accurately, without the need for manual adjustments or reconciliation between fund-level and class-level data.

For existing clients, all historical fund-level unit values have been automatically propagated to the relevant classes, ensuring a seamless transition with no manual data migration required.

This release represents the first phase of expanded unit class capabilities. In the coming weeks, this view will extend to support additional fee types, distribution rates, and class-specific deposit and payment information.

Strengthened Privacy Protections

We've updated how Caruso manages Tax Identification Numbers, including SSNs, EINs, ITINs, TFNs, and IRD numbers, to help clients safeguard investor data whilst maintaining consistent, compliant handling across every market we serve.

Caruso continues to validate new or edited numbers against the relevant tax authority algorithm, reducing data entry errors at the point of capture. Once saved, TINs now display only as "Provided" or "Not Provided", preventing unnecessary exposure of sensitive information during routine operations. Full TIN values remain accessible only within permissioned sensitive reports, ensuring that access is limited to those who genuinely require it.

This approach balances operational efficiency, privacy and regulatory alignment across every market we serve.

Improvements & Refinements

Unit Transfers - Transfer emails and notices will no longer display counterparty details. Off-market transfers are often sensitive, and this update reflects industry expectations around privacy and confidentiality.

Cancelled Orders - Cancelled orders are now hidden from the investor portal, reducing noise and keeping investors focused on active activity.

Email Controls - Any admin action that can trigger an investor email can now be disabled by the admin user. This update extends the existing pattern to account-related changes, including updates to an investor's email address or key account details.

If you'd like to explore these features in detail, email [email protected] to arrange a product demonstration.