Must I be an Accredited Investor to access BridgePort?
Yes. In order to obtain BridgePort access, Registered or Subscribed users must confirm their status as an “Accredited Investor”, as defined in Rule 501 of Regulation D under the Securiites Act of 1933:
(a) a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year;
(b) a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the person’s primary residence;
(c) a director, executive officer, or general partner of the company selling the securities;
(d) a business in which all the equity owners are accredited investors;
(e) a charitable organization, corporation, or partnership with assets exceeding $5 million;
(f) a bank, insurance company, registered investment company, business development company, or small business investment company;
(g) an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million; or
(h) a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
With respect to persons accessing BridgePort from outside the United States, references to “Accredited Investor” status shall include all relevant investor sophistication standard(s) applicable to persons in each such jurisdiction.
Does my OneDoc profile replace the respective subscription agreement for each entity I invest with?
No, it does not. Your OneDoc profile contains most of the informational elements needed to pre-fill each respective subscription agreement. You will receive your subscription agreements in a pre-filled, digital format, where it’s presumed that the majority of prescribed information and documentation will be completed. However, you (a) may need to provide additional information and/or documentation, (b) will need to review each subscription agreement for accuracy and completeness, (c) will need to appropriately acknowledge and digitally sign each agreement.
What if I fail to maintain my BridgePort OneDoc profile?
What if a private entity I invest with is not a Registered Entity or Subscribed Entity on BridgePort?
You may still link to that entity, transact with that entity and request reports from their administrator. However, you will need to upload that entity’s documents through your BridgePort account, and that entity will not be available on BLX. Additionally, after your trial period ends in 90 days, you will need to pay $100 annually to link to that entity, until such time as that entity becomes a Subscribed Entity (at which time it is free to investors in that Subscribed Entity).
Are my documents and data secure on BridgePort?
BridgePort utilizes multiple enhanced security protocols for data privacy and protection:
- AWS Cloud hosted platform, with world-class security, meeting SOC1/ISAE 3402, SOC2, SOC3 assurance programs*
- End-to-End (E2E) encryption for maximum data privacy
- Two-factor authentication (2FA) for identity protection
- Routine third-party penetration testing
- User-controlled permission protocol for authorized delegates and interested parties
Note that most investors, managers and administrators today transmit subscription, transaction and reporting information through email.
*Additional assurances include FISMA, DIACAP, FedRAMP, PCI DSS Level 1, ISO 9001, ISO 27001, ISO 27018
Where does BridgePort fit into the private investment ecosystem?
BridgePort is an agnostic SaaS (Software As A Service) platform which allows private fund investors to create a singular, digital subscription profile, and leverage it to complete digital capital transactions (subscriptions, contributions, withdrawals, capital calls, distributions, etc.), centralize all their reports, analyze and customize their term liquidity- all from a single, secure access point. BridgePort establishes a central gateway between the fund investor, all of its private investments and their administrators.
Can I go to BridgePort to search for new private funds or investments?
No. BridgePort is NOT a distribution or solicitation platform. Subscribers must prove their pre-existing relationship with an entity manager prior to MEP access.
What is the protocol for OneDoc approval?
Investor representations, warranties, suitability assessments, AML and KYC documentation are all reviewed, in addition to key database searches via Thomson Reuters One Pass, including World-Check One, Regulatory Intelligence, Accelus LMS, and KYC as a Service.