How it works · For lead families

How a deal becomes a syndicate.

A deal becomes a syndicate when it sits in its own segregated structure — with a bankable certificate, a dedicated bank account, a term sheet, and a whitelist of co-investors. What follows: how each piece is put in place, who can subscribe, and how a deal moves from setup to first close.

We have used this exact structure and process ourselves, as deal sponsors, to raise over CHF 100 million from family-office co-investors — including some of the largest family offices in Switzerland.

What a syndicate consists of
A dedicated investment vehicle
Legally ring-fenced from every other deal on the platform.
A bankable certificate
Own ISIN, SIX-cleared, custodied at the investor's existing bank.
A dedicated bank account
Opened in the structure's name, at your chosen corporate bank.
A term sheet
Drafted in the lead family's voice, approved before distribution.
An investor list
A controlled list of co-investors, filled at your own pace.
i Our approach

One playbook. Every deal, its own structure.

We have one playbook — the same instrument type, the same operational process, and the same pre-existing relationships with lawyers, administrators, directors, and banks. But every deal you bring us gets its own dedicated structure inside that playbook: its own jurisdictional setup, its own ISIN, its own bank account, its own investor list.

The repeatability is in the process. The separation is in the structure. Nothing about a new deal is bespoke, except the deal itself — what used to take three months of structuring takes a week of instantiating the right template. A syndicate can use Guernsey, Luxembourg, Ireland, or a wide range of other jurisdictions, based on the specific needs of the syndicate. This is how we get institutional speed without compromising the protection every investor expects.

The issuer
Selected issuer
Jurisdiction chosen for the syndicate
Segregation
Structure I
Syndicate A
ISIN·······
BankPrivate bank · CHF
Investor list14 · 7 settled
Structure II
Syndicate B
ISIN·······
BankPrivate bank · CHF
Investor list22 · 12 settled
Structure III
Syndicate C
ISIN·······
BankPrivate bank · CHF
Investor list9 · 4 settled
Co-investor 01
Co-investor 02
Co-investor 03
Co-investor 04
Co-investor 05
Co-investor 06
Co-investor 07
Co-investor 08
Co-investor 09
Why this approach

Institutional by construction.

Each component is the institutional choice, not the boutique compromise. We can use Guernsey, Luxembourg, Ireland, and a wide range of other jurisdictions, selecting the structure around the specific needs of the syndicate. ANA Wealth has strategic partners, including a regulated corporate bank and Swiss asset managers, which we rely on for different services and infrastructure based on the needs of each deal: its underlying jurisdiction, distribution plan, and target investors.

Segregation and investor protection are baked into the structure, not added afterwards. A failure in one deal cannot reach the next. A regulator inquiring after any transaction finds a clean, auditable trail. The audience — professional investors, qualified by their banks — sees a wrapper they already understand.

The instrument

A bankable certificate.

Every structure issues a bankable security — a certificate with its own ISIN, cleared through SIX, custodied at the investor's existing private bank like any other security. No new account, no new onboarding, no new documents. The certificate inherits the bank-side perimeter the investor has already cleared.

It settles T+2 against the investor's custody account, appears on the same wealth statement as the rest of their holdings, and is reported under the same tax wrapper. It is transferable, bequeathable, and visible to the investor's advisors in the systems they already use. The form factor is familiar by design: it behaves like a bond.

Authorship and verification

Lead-provided. Displayed, not authored.

Distribution material on each syndicate — the narrative, the financial model, the company presentation, the imagery — is authored by the lead family. The platform helps the lead collect, structure and display it, but does not write, draft, or verify it. ANA Wealth conducts due diligence on the deal lead and the lead family's track record, not on the underlying investment itself. Lead submissions are displayed to invited investors as-provided, with a visible disclaimer to that effect on every surface that renders them.

ii What we structure

What kinds of deals fit.

The wrapper is general-purpose; the audience is specific. The deals where the platform earns its keep are the ones where the lead family already has the relationship and the conviction — and wants the rest taken off the table.

A wide menu, narrow audience.

Asset classes
Direct investments only for the moment. The platform currently focuses on single-company private investments; fund interests, secondaries, real assets, and listed equity are not the current use case.
Syndicate size
CHF 5–50 million per deal. Smaller is uneconomic for the wrapper; larger goes through a different structure.
Minimum ticket
Typically CHF 250,000 per co-investor, set by the lead family per deal.
Currency
CHF. Settlement, reporting, and distributions are handled in Swiss francs.
Hold period
One to seven years, depending on the underlying. The structure proceeds to final distribution cleanly at realisation.
iii A canonical syndicate

One example, in numbers.

Anonymised. A real syndicate we have run through this platform — by the numbers.

A late-stage US growth round, life sciences. The lead family brought the founder relationship and the operating context. What they wanted was a say in who else came in alongside them — and the wrapper to make it possible.

The platform staged the deal room, distributed it to a curated list of family offices, processed every subscription request through the lead family for approval, and settled the certificate into each investor's existing custody account. CHF 31 million was raised from 17 family offices, settled in CHF into the investors' existing private banks.

The lead family closed with the investor list they composed, the relationship they kept, and the economics intact. The platform handled the rest.

Deal snapshot
Late-stage growth · Life sciences
Lead role Series C lead
Syndicate raised CHF 31m
Co-investors at close 17 family offices
Settlement currency CHF
Vehicle Guernsey PCC
Custody Held at UBS, Pictet, Julius Baer, LGT, UBP, Vontobel, Mirabaud, and other leading European private banks
iv Who this is for

Professional investors. Not retail.

Every certificate is a private-placement instrument, intended for qualified counterparties under Swiss FinSA and equivalent regimes. No retail offer. No public listing. No prospectus.

The audience is professional by design. The instrument is sized, structured, and offered only to investors who are formally classified as professional or qualified by their bank, or who are institutional by nature.

This is what keeps the certificate outside the retail regime. It is also what allows the wrapper to be efficient — no retail prospectus, no public-market disclosure, no listed-product complications. The lead family confirms each recipient's eligibility before they are added to the whitelist.

Who qualifies
Institutional investors
Banks, asset managers, pension and insurance vehicles, regulated funds.
Family offices
Single- and multi-family offices acting in a professional capacity.
Qualified individuals
High-net-worth investors formally classified as professional or qualified clients by their bank under FinSA, MiFID II, or equivalent.
v Confidentiality

Your relationships stay yours.

Each lead family on the platform operates in a fully isolated data namespace. Your contacts, your deal history, your investor list, and your internal notes are visible only to you and to the operations team that supports you. The platform does not surface cross-family connections, does not cross-pollinate suggestions, and does not aggregate co-investor data across syndicates.

The relationships you bring to the platform remain yours. Co-investors are introduced through your name and in your voice. The platform's name appears only where it is structurally required — issuer documents, settlement instructions, regulatory filings — and never in the conversation between you and the people you have invited.

What stays private
Your contact list
Names, relationships, mandate notes — visible only to you and your team.
Your deal history
Past syndicates, anchor sizes, who participated. Never surfaced to other lead families.
Your investor list
Investor records belong to that syndicate structure and to you. No cross-syndicate aggregation.
vi Distribution

Invitation, not solicitation.

No advertising
Certificates cannot be advertised to the public, marketed to retail investors, or listed on aggregator platforms. Deal rooms are gated. URLs are not indexed by search engines.
No solicitation
The platform does not proactively sell or solicit subscriptions. The lead family invites people in their own network to look at the deal.
No financial advice
We do not provide investment advice. The deal room shows the terms, the underwriting, and the materials. Each recipient decides for themselves — with their own advisors — whether the investment is suitable for them.
vii From the recipient's perspective

What your invited investors see.

Your reputation is on the line every time you invite someone. The platform is engineered to be invisible on the recipient's side — so nothing on our side undermines what's on yours.

1

Invitation

An invitation arrives in your voice — on email, or on WhatsApp where they already read. The platform's name does not appear in the message.

2

Deal room

A short verification (email magic link or WhatsApp OTP) unlocks a gated deal room. Watermarked materials, structured terms, telemetry on what's been opened.

3

Subscription request

Four taps to submit: name, amount, bank. No subscription documents, no new KYC, no fresh onboarding. You approve, and they are on the whitelist.

4

Settlement & visibility

Their banker is instructed; the certificate settles into their existing custody account, T+2. The position sits on the wealth statement that already arrives at their desk.

viii The path to first close

How a deal goes live.

From setup to settled subscriptions, the platform carries the operational load. The lead family approves at every checkpoint.

1

Setup

You bring the deal. We confirm the structure, the size, the audience, and the closing window together.

Same week
2

Structure creation

We set up the appropriate syndicate structure in the jurisdiction selected for the deal. The administrator registers the ISIN and opens the bank account at your chosen bank.

5–10 business days
3

Term sheet & deal room

The term sheet is drafted in your voice and the deal room is staged. Materials are watermarked, gated, and ready. You approve before anything is sent.

In parallel
4

Distribution

You approve the distribution list. The platform delivers the deal room to each recipient. You see who opened what, in real time — on WhatsApp.

From go-live
5

Subscription & close

Recipients request to subscribe. You approve each one onto the whitelist. Their banker settles the certificate against their existing custody account, T+2. The whitelist fills until the deal closes.

Through the close window

One prerequisite for go-live, by design: the lead family's investment is the first subscription received in the syndicate structure. Until it settles, the whitelist is locked — no other subscriptions accepted, no distribution begins. Starting at CHF 250,000 and scaling into the millions by deal size. No pledged anchors. This is how we protect the integrity of every syndicate on the platform.

Path to first close covers stages 1–5 above. The full syndicate lifecycle — initiation, ANA Wealth review & SPV, distribution, book building, close, lifetime management, and exit — runs in the workspace from the moment a lead opens a draft. View it in your workspace →

ix After first close

The years that follow.

A syndicate's work is not done at close. The platform carries the operational rhythm from first close to final distribution — and asks for approval where approval matters.

Each syndicate, cared for, until it closes.

Quarterly updates
Drafted in the lead family's voice from the underlying-asset reporting. You review, approve, send. Recipients receive a letter, not a dashboard.
NAV publication
Every investment has a different underlying reporting rhythm. Our default approach is to hold direct investments at book value until there is an official or public disclosure of a new underlying valuation; if the syndicate lead believes a different approach is better, we are always open to discussing it.
Distributions
Cash returns waterfall through the structure's bank account to investors, on the schedule of the underlying. Fees accrue and are deducted on distribution, not in arrears.
Secondary requests
When a co-investor wants out before the natural close, the platform brokers transfer to another whitelisted investor — subject to your approval and the structure's required approvals.
Exit & final distribution
At realisation, distributions are paid, the certificate is cancelled, and the structure proceeds to final distribution. The audit trail remains intact for as long as it's needed.
x Economics

Fees aligned to the work.

1% annual
On all capital in the syndicate, including the lead family's anchor. This is the cost of operating the infrastructure — issuer, administrator, approvals, settlement, lifecycle reporting.
10% performance
Only on the capital the platform brings to the deal. None on the lead family's own capital. Charged only on realised upside, on exit or distribution.
Anchor in cash
The lead family anchors at first close, in cash. Starting at CHF 250,000 and scaling into the millions by deal size. No pledged anchors. This is what aligns you with the co-investors you bring in.
Private workspace

See the workflow in the workspace.

Walk through deal setup, co-investor subscription, principal approval, and the activity trail inside the hosted workspace.

Log in to workspace