# Raziel Learn (page 6 of 23) > Guides on tracking startup equity, SAFEs, SPVs, funds, real estate, and crypto from Raziel. Canonical: https://raziel.co/learn/page/6 ## Topics - [Startups & SAFEs](https://raziel.co/learn/category/startups-safes): SAFEs, convertible notes, priced rounds, cap tables and the investor rights that come with them. - [SPVs & Funds](https://raziel.co/learn/category/spvs-funds): Commitments, capital calls, distributions, fees, carry and fund performance for LPs and syndicate investors. - [Exits & Liquidity](https://raziel.co/learn/category/exits-liquidity): M&A terms, escrows and earnouts, secondaries, tenders, lockups and Rule 144 after the exit. - [Tax & Compliance](https://raziel.co/learn/category/tax-compliance): K-1s, QSBS, 83(b) elections, opportunity zones, trusts and the rules around private investing. - [Comparisons](https://raziel.co/learn/category/comparisons): Side-by-side looks at portfolio trackers, investor platforms and the tools angels and LPs use. - [Markets & Trends](https://raziel.co/learn/category/markets-trends): AltList weekly private markets recaps, sector themes and where alternative assets are heading. - [Investing Basics](https://raziel.co/learn/category/investing-basics): Portfolio building, diversification, risk and the fundamentals of managing alternative assets. ## Articles - [How to Track Super Pro Rata Rights in a Later Round](https://raziel.co/learn/super-pro-rata-tracking) (2026-08-25, Startups & SAFEs, 4 min read): How to track super pro rata rights: copy source (side letter vs SPA), cap, offered vs taken, leftover unused extra. Not ownership-based pro rata. - [How to Track Participating Preferred After the Close](https://raziel.co/learn/participating-preferred-tracking) (2026-08-25, Startups & SAFEs, 4 min read): How to track participating preferred after close: yes/no/capped, cap multiple, as-converted leftover after the pref, seniority, and sale vs IPO conversion. - [How to Track Most Favored Nation After the Notice](https://raziel.co/learn/most-favored-nation-tracking) (2026-08-25, Startups & SAFEs, 5 min read): How to track most favored nation after the GP notice: MFN grant, excluded terms, what was disclosed, election window, terms you elected, declined, leftover. - [How to Track a Drag-Along Right After a Sale Notice](https://raziel.co/learn/drag-along-tracking) (2026-08-25, Exits & Liquidity, 5 min read): How to track a drag-along right after a sale notice: who can drag, vote threshold, sale terms, notice window, whether you are dragged, and pref-stack proceeds. - [How to Track Information Rights Across a Portfolio](https://raziel.co/learn/information-rights-tracking) (2026-08-25, Startups & SAFEs, 4 min read): How to track information rights: copy IRA vs side letter, Major Investor cut, each report due date, received vs missing. Inspection as a pointer. - [How to Track a Tag-Along Right After a Co-Sale Notice](https://raziel.co/learn/tag-along-tracking) (2026-08-25, Exits & Liquidity, 5 min read): How to track a tag-along right after a co-sale notice: log the notice date, the seller, offered shares and price, your pro rata tag entitlement, and leftovers. - [How to Track Redemption Rights in Preferred Stock](https://raziel.co/learn/redemption-rights-tracking) (2026-08-25, Startups & SAFEs, 4 min read): Learn how to track redemption rights, including election dates, trigger holders, price formulas, notices, redeemed shares, and unpaid balances. - [How to Track Broken Deal Expenses in a PE or VC Fund](https://raziel.co/learn/broken-deal-expense-tracking) (2026-08-25, SPVs & Funds, 4 min read): How to track broken deal expenses per aborted deal: expense types billed, amount charged to the fund, amount the GP bore, LPA authority, and any recoupment. - [How to Track a Placement Agent Fee After You Close](https://raziel.co/learn/placement-agent-fee-tracking) (2026-08-25, SPVs & Funds, 4 min read): How to track a placement agent fee after close: agent, LPs introduced, fee copied, billed, who pays, unpaid, and any management-fee offset. Not legal advice. - [How to Track Management Fee Offsets After You Close](https://raziel.co/learn/management-fee-offset-tracking) (2026-08-24, SPVs & Funds, 4 min read): How to track management fee offsets after close. ILPA Principles 3.0 prefers 100% offset. Log fee type, percent, applied, remaining, and period. - [How to Track GP Commitment as an LP After You Close](https://raziel.co/learn/gp-commitment-tracking) (2026-08-24, SPVs & Funds, 4 min read): How to track GP commitment as an LP. ILPA Model LPA fills at least [__]% of LP commitments. Copy cash vs waiver vs co-invest, called, remaining. - [How to Track Side Letters as an LP After You Close](https://raziel.co/learn/side-letter-tracking) (2026-08-24, SPVs & Funds, 4 min read): How to track side letters as an LP after close. Copy counterparty, date, MFN yes/no, rights, sunset, evidence file, last reviewed from the signed letter. - [How to Track PIK Interest on a Private Credit Loan](https://raziel.co/learn/pik-interest-tracking) (2026-08-24, SPVs & Funds, 4 min read): How to track PIK interest on a private credit loan. Copy cash vs PIK coupon, accrued, capitalized, cash paid, capitalization dates, remaining principal. - [How to Track Key Person Events as an LP After You Close](https://raziel.co/learn/key-person-tracking) (2026-08-24, SPVs & Funds, 6 min read): How to track key person events as an LP. Copy named persons, trigger, status, notice date, remaining unfunded freeze, last evidence from your LPA. - [How to Track a NAV Facility as an LP (Asset-Backed)](https://raziel.co/learn/nav-facility-tracking) (2026-08-24, SPVs & Funds, 3 min read): How to track a NAV facility as an LP. Asset-backed, not a subscription line. Copy size, outstanding, borrowing base, maturity, cash vs recycled, Net IRR pair. - [How to Track a Down Round as an Angel After Close](https://raziel.co/learn/down-round-tracking) (2026-08-24, Startups & SAFEs, 4 min read): How to track a down round as an angel after close. Log pre-round shares, new price, anti-dilution type, adjusted shares, new ownership, mark vs last preferred. - [Unfunded Commitment Tracker: Remaining Capacity Across Funds](https://raziel.co/learn/unfunded-commitment-tracker) (2026-08-23, SPVs & Funds, 5 min read): Unfunded commitment tracker: ILPA Reporting Template v2.0 walks beginning unfunded to ending unfunded. Copy one row per LP interest before the next call. - [How to Track Recallable Distributions as an LP](https://raziel.co/learn/recallable-distribution-tracking) (2026-08-23, SPVs & Funds, 4 min read): How to track recallable distributions: ILPA Sep 2025 infers recallable from unfunded going up. Still a distribution, not a negative contribution. Two events. - [How to Track Liquidation Preference on Preferred Stock](https://raziel.co/learn/liquidation-preference-tracking) (2026-08-23, Startups & SAFEs, 6 min read): How to track liquidation preference: NVCA Oct 2025 COI ranks series pari passu and fills [__ times] Original Issue Price. Copy remaining pref after escrow. - [How to Track Fund of Funds Positions Without Double-Counting NAV](https://raziel.co/learn/fund-of-funds-tracking) (2026-08-23, SPVs & Funds, 4 min read): How to track fund of funds: one FoF commitment is the LP row. ILPA Reporting Template v2.0: underlying fees are roll-up totals, not a second NAV you add. - [How to Track Subscription Lines as an LP](https://raziel.co/learn/subscription-line-tracking) (2026-08-23, SPVs & Funds, 4 min read): How to track subscription lines as an LP. ILPA 2020: disclose Net IRR with and without the facility. Copy outstanding, unfunded, notice dates. - [How to Track In-Kind Distributions as an LP](https://raziel.co/learn/in-kind-distribution-tracking) (2026-08-23, SPVs & Funds, 4 min read): How to track in-kind distributions: ILPA 2011 stock notices list ticker, CUSIP, shares, cost, LPA basis, and settlement. Log still-held vs sold. - [How to Track Anti-Dilution on Preferred Stock](https://raziel.co/learn/anti-dilution-tracking) (2026-08-23, Startups & SAFEs, 4 min read): How to track anti-dilution: NVCA Oct 2025 COI adjusts Conversion Price on cheap issuances. Log formula, exemptions, and new as-converted shares. - [How to Track an 83(b) Election](https://raziel.co/learn/83b-election-tracking) (2026-08-23, Tax & Compliance, 4 min read): How to track an 83(b) election on restricted stock. Keep transfer date, FMV, amount paid, and the statutory 30-day IRS filing deadline on one row. ## Pages [1](https://raziel.co/learn) · [2](https://raziel.co/learn/page/2) · [3](https://raziel.co/learn/page/3) · [4](https://raziel.co/learn/page/4) · [5](https://raziel.co/learn/page/5) · [6](https://raziel.co/learn/page/6) · [7](https://raziel.co/learn/page/7) · [8](https://raziel.co/learn/page/8) · [9](https://raziel.co/learn/page/9) · [10](https://raziel.co/learn/page/10) · [11](https://raziel.co/learn/page/11) · [12](https://raziel.co/learn/page/12) · [13](https://raziel.co/learn/page/13) · [14](https://raziel.co/learn/page/14) · [15](https://raziel.co/learn/page/15) · [16](https://raziel.co/learn/page/16) · [17](https://raziel.co/learn/page/17) · [18](https://raziel.co/learn/page/18) · [19](https://raziel.co/learn/page/19) · [20](https://raziel.co/learn/page/20) · [21](https://raziel.co/learn/page/21) · [22](https://raziel.co/learn/page/22) · [23](https://raziel.co/learn/page/23)