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Verivest Scales Modern Fund Administration Through Strategic Partnership with Agora
Last Updated: November 2026
You should read this Terms of Service Agreement (this "Agreement") carefully before accessing or using the website located at www.verivest.com (including all subdomains and related content, regardless of how and where it may be hosted or accessed, the "Site"), or any of Verivest's related services, its fund and syndication administration services, its advisory services, and all related software tools, technology, and related services (collectively, the "Services"). By accessing or using the Site or any of the Services, you are agreeing to accept and be bound by this Agreement. This Agreement constitutes a contract between you and Verivest, in addition to any other written agreements between us. This Agreement supersedes any prior Terms of Service relating to the Services or the Site.
IMPORTANT NOTE: Verivest LLC and its affiliated entities (collectively, "Verivest," "we," or "us") have materially altered our business model over the last few years. These Terms of Service reflect those changes. Some services previously provided by Verivest are no longer offered, including manager directory listings, track record verification services, manager reviews, designations of managers as "Verivest Gold" or "Monitored," Verivest's proprietary online investor management portal, and others. These discontinued products and services are no longer addressed in these Terms of Service. All parties' rights and obligations with respect to discontinued services continue to be governed by the prior versions of the Terms of Service that were in effect when the services were accessed or used. Prior versions of these Terms of Service are available upon request. If you have any questions about whether our current or former Terms of Service apply, please contact us at support@verivest.com.
This Agreement applies to all users of the Services, including all clients who engage Verivest to provide administration or advisory services, any investors whose investments are managed using the Services, and all qualified issuers, managers, and investment managers who use the Site or the Services, including Services used to create offering documents, make offerings available to investors, administer investment offerings, manage relationships with current and prospective investors, or otherwise facilitate investments by investors in investment opportunities (collectively, "Users," each of which may be referred to in this Agreement as "you"). "Users" also include anyone else who accesses or uses the Site or the Services for any other reason.
By accessing, browsing, or using the Services, including the Site, you acknowledge that you have read and understand, and agree to, this Agreement. We may update this Agreement at any time. Your continued use of the Services or the Site after any modifications to this Agreement constitutes your acceptance of the modified terms and conditions. If you do not accept this Agreement, you do not have permission to access, browse, or use the Services or the Site, and your sole and exclusive remedy is to discontinue using them. As such, we strongly recommend that you periodically review this Agreement, which is available upon request or at https://verivest.com/terms. The date of the last revision or update appears at the top of the Agreement under the title.
Your compliance with this Agreement is a condition of your right to access the Site and use the Services. Your breach of any provision of this Agreement will automatically, without the requirement of notice or of any other action, revoke and terminate your right to use the Services and may also entitle us to recover damages from you.
For information on how Verivest collects, uses, and discloses information obtained from its Users, please review our Privacy Policy, which is available at https://verivest.com/privacy. Your use of the Services indicates your consent to the data practices stated in our Privacy Policy.
Consistent with our Privacy Policy, you acknowledge and agree that we are entitled to include any data you provide to us about you or about your current and previous investments and other business activities in any aggregated information about the real estate investment market that we provide to the public, sell or otherwise transmit to third parties, including our affiliates, or otherwise use. Except in connection with any information provided to the public about a manager or an opportunity, we will not specifically identify you as the source of any information that we sell or distribute, attribute any specific performance data to you, or include any personally identifiable information in that data.
You further acknowledge and agree that, other than User Content (as defined below), we are the sole and exclusive owners of, and can use, sell, and transmit in any way we elect, all information provided to us by investors and other Users of the Site, including investors introduced to the Site by you.
Verivest is not a law firm, registered broker-dealer, funding portal, or investment advisor, and does not conduct any activity that would require professional licensing or regulatory registration. Through its advisory services, Verivest offers business advice relating to setting up and operating real estate funds and syndications, but none of this advice is or should be construed as legal advice. All Users are REQUIRED to consult with competent legal counsel and financial advisors before offering or selling any securities or real estate investment opportunities USING PRODUCTS created by OR IN COOPERATION WITH Verivest.
Similarly, Verivest does not (and cannot) offer any investment advice and it does not recommend or endorse any of the managers who use the Services or any of the investment opportunities administered by us, including any managers in which Verivest or its affiliated entities may invest, or any syndications or funds created through the use of Verivest's advisory services, or who may be referenced or advertised in any manner on the Site. By allowing managers to use its advisory services to structure and create a syndication or a fund, and even by investing in a manager through an affiliated entity, Verivest is not recommending investing in any one or more of those opportunities—it is allowing managers to provide the information solely to make accredited and otherwise qualified investors aware of potential opportunities and to access information about their investments in managers using Verivest's Services. All INVESTOR Users MUST conduct their own due diligence and should consult with competent legal and financial advisors before investing in any opportunities or with any managers WHO HAVE ENGAGED VERIVEST FOR ADVISORY OR ADMINISTRATIVE SERVICES.
No securities or real estate investment opportunities that may be described or referred to on the Site have been registered under the Securities Act, and all are being advertised by their respective sponsor or manager in reliance on certain exemptions provided in of Section 4(2) of the Securities Act and Regulation D, Rule 506, and Regulation S, promulgated under the Securities Act. Securities and real estate investment opportunities sold through private placements are restricted and not publicly traded and are therefore illiquid. All private investments, including those offered by managers who have purchased Services from Verivest, involve risk and uncertainty, including lower than projected returns and a complete loss of invested capital. All such investment opportunities are intended solely for experienced, qualified investors. Investors who cannot afford to lose their entire investment should not invest in private offerings like those managers may engage Verivest to administer or to help them structure.
Neither the U.S. Securities and Exchange Commission nor any state securities commission or other regulatory authority has approved, passed upon or endorsed the merits of any offering administered or referenced in connection with Verivest's Services, and Verivest is not registered with or subject to the supervision of any of those entities.
Verivest may agree to provide advisory and consulting services in the various areas of fund management and operations, including but not limited to fund and syndication creation and management, review and commentary on drafted or existing PPM offering documents, review of fund financial modeling assumptions, structure, and projections, capital raise strategy, tactics, and channels, review and commentary on pitch decks and other marketing materials, and many other components of all areas of fund management. The scope of services involved in each of these products may vary considerably. We may also agree to provide additional types of advice and consultation in exchange for agreed upon fees. The scope, pricing, and other specific terms and conditions of each such advisory engagement will be agreed upon by the User and Verivest. In addition to those agreed upon terms, the following terms and conditions apply:
In connection with its Advisory services, Verivest may refer a User to one or more law firms that are qualified to create offering documents for that User. The costs of these legal services, including all costs of drafting or reviewing offering documents, drafting operating agreements, making state blue sky or other regulatory filings, or any other services, will are to be agreed upon by and between the User and the law firm.
Users who engage Verivest to provide administration Services will be subject to the following terms and conditions concerning those Services, unless otherwise agreed in writing by Verivest. The work that Verivest performs for administration of pooled investment funds or single-asset syndications is listed below; however, each User's contract may or may not include all listed services depending on the type and structure of the offering. For any specific inclusions or exclusions, refer to the "Special Terms" section of the User's contract. Any services not expressly identified below are the User's responsibility and will not be provided by Verivest except pursuant to a separate written agreement between the User and Verivest. If any processes are customized outside of the below services, are performed by the User rather than Verivest, or both, proper disclosures on investor reporting may be required.
The services listed in this section are optional add-on services, available for additional fees and pursuant to a separate written agreement or as specified in the User's Special Terms.
Treasury Services are the payment-execution layer connecting User's fund accounting to the movement of funds, including payment execution for distributions and fund-level expense payments, as described below.
The Fund and Syndication Accounting, Fund and Syndication Investor Servicing, and Additional Services described above are subject to the following accounting assumptions.
Each User who engages Verivest to provide administration services acknowledges and agrees that it is ultimately responsible for the proper administration of the Entity. Among other things, each User is responsible for reviewing and confirming the accuracy of any information provided to the Entity or its investors. Each User also acknowledges and agrees that Verivest's ability and obligation to provide the services identified above is contingent on User's timely, accurate, and sufficient performance of each of the following responsibilities:
It is each User's sole responsibility to provide Verivest with correct information concerning that User's operations, including all information needed to provide the Services, and to do so in a timely manner. Verivest will communicate applicable deadlines to administration services Users. If a User fails to timely provide information to Verivest or otherwise comply with these deadlines, Verivest's work for User may be delayed and will be completed as and when the Verivest team's availability allows. Verivest may also terminate an agreement to provide administrative services if a User fails to provide information in a timely manner. Verivest shall be entitled to rely on all information and representations provided by a User as factually true and not misleading, without further investigation or diligence. The representations made within any documents produced by Verivest shall be derived from the documentation and materials provided by User to Verivest and are the sole responsibility of User.
Each User agrees to ensure the privacy and security of all investor, financial, and other sensitive information relating to any Offering for which the User engages Verivest to provide administration Services. Among other things, administration Services Users agree to protect and not to disclose any password, account, or similar information used to access documents, deliverables, or other information provided by Verivest, including any password-protected files or shared folders. Verivest is not responsible for, and User agrees to indemnify and hold Verivest harmless from, any claims or damages asserted by any party as a result of any breach of privacy or similar event caused in any way by User's failure to safeguard against unauthorized access to any such materials or User's access credentials.
You acknowledge and agree that Verivest's accounting and other methodologies are not the only methodologies that could be used to provide the Services, and that different results could be achieved using other methodologies. Each User remains fully responsible at all times for the content of any communications with that User's investors and clients, including communications relating to financial performance and results. It is the User's complete and exclusive responsibility to comply with all requirements established under all federal and state securities laws, rules, and regulations. It is also each User's responsibility to ensure that all communications with its investors and clients and other actions taken by User are in full compliance with all applicable laws. Verivest does not warrant or guarantee, expressly or implicitly, the accuracy of any information provided to User or its investors or clients.
Unless otherwise agreed to in writing by Verivest, including in Verivest's existing contracts with Users that pre-date these Terms of Service, ALL ADMINISTRATION SERVICES CONTRACTS INCLUDE A MINIMUM TERM OF 24 MONTHS. Subject to Verivest's right to revise pricing based on 60 days' written notice, as described in more detail below, Verivest's pricing for administration services assumes a minimum term of 24 months which starts as of the sign date of the contract. This minimum term allows Verivest to recover the costs of setting up a User's accounts in its system and the other work needed to onboard a new client. Upon the expiration of the initial 24-month term of a User's administration services contract, and any subsequent term, the User's administration services contract will automatically renew for successive terms of 12 months each, unless User provides Verivest written notice of non-renewal at least 60 days prior to the end of the then-current term. Upon receipt of 60 days' notice to terminate services (prior to renewal of current contract term), Verivest will send a final invoice covering services for this period. Final services invoice will not be prorated and is due upon receipt. Final services invoice must be paid prior to Verivest providing final deliverables or offboarding support. User may extend services as needed on a month-to-month basis, also billed in advance. Additional one-time transactions that occur during the 60 days' notice period will be charged in the next monthly billing cycle.
Verivest may terminate its administration services for any User at any time and for any reason, including no reason, on 60 days' notice to the User, or on any shorter time period identified in these Terms of Service.
We reserve the right, in our sole discretion, but not the obligation, to immediately terminate this Agreement and any other agreement then in place with User and cease providing Services without further obligation if any of the following occurs; provided that, in lieu of terminating services, we may also elect to inform User's investors of the following services and continue providing services:
If Verivest terminates its administration services due to the User's nonpayment, the User may request to re-engage Verivest after paying all outstanding invoices in full. In such event, the User will be required to pay a new onboarding fee to restart the engagement. The amount of the onboarding fee will be determined by Verivest at the time the User requests to re-engage services.
Verivest reserves the right to require advance payment for any renewed or ongoing services. All such advance payments must be received in full before Verivest will resume work or deliver any final reports, filings, or other deliverables to the User.
November 2026
This Privacy Policy (this "Policy") discloses how Verivest LLC and its affiliated entities ("Verivest," "us," "our," or "we") collect and use information and data gathered from and about users (each a "User" and referred to in this Policy as "you") who access and use our website, software tools, technology, and related services, including our advisory and administration services (collectively, the "Services"). Users may access and use the Services in a variety of ways including, but not limited to, by accessing or using Verivest's website at www.verivest.com, including its proprietary fund builder products (collectively, the "Site"). Specifically, this Policy describes the types of information we receive and collect through the Site and the provision of Services, how we use information about current and former Users, and the steps that we take to safeguard the information obtained through the Services or the Site. By using or accessing the Site or any of the Services, you agree to the terms and conditions contained in this Policy.
When we need to collect information from you to complete a requested transaction or provide you with a particular service, we will generally ask you to voluntarily supply us with the information we need. This information may include (a) personal data used to verify your identity, verify your age, run background checks and otherwise conduct the verification and related services we provide, guard against potential fraud, and otherwise operate the Site and provide the Services consistent with legal and regulatory requirements, (b) personal and financial data used to verify your status as an accredited investor, and (c) other personal and financial information used for a variety of purposes, including providing the Services as described on the Site. We may also collect information about you from other sources, including but not limited to: (i) our communications with you, including information obtained when you make an investment with a manager User or otherwise volunteer information; (ii) your interactions with the Site, including information such as how you accessed the site, what specific information you accessed on the site, and for how long, and other information about your preferences and interests based on how you interacted with the Site, (iii) your transactions with us, our affiliates, or other Users, including when you, as an investor, make an investment with another User who is an investment manager who uses the Services to subscribe investors and manage their on-going relationships with those investors; (iv) information about you provided to us by other parties, including Users who use the Services to subscribe investors and manage their on-going relationships with those investors; (v) outside companies, such as credit reporting agencies, to evaluate your creditworthiness and credit history; and, (vi) public sources, such as court and bankruptcy records, regulatory agency records, and real estate records.
We divide information about you into two groups: (i) General Customer Information; and, (ii) Restricted Customer Information. "General Customer Information" is information about you and your business and investment activities, your use of the Site and the Services, including names, addresses, telephone numbers and email addresses, and similar information, including information that may have been gleaned from "Restricted Customer Information." "Restricted Customer Information" refers to particularly sensitive information, such as social security or tax identification numbers, dates of birth, tax returns, financial statements, employment status and salary information, business plans, reports obtained from credit reporting agencies, bank account numbers, including routing numbers, and credit card numbers.
We may use and disclose information provided by you consistent with the Services we provide. This includes transmitting information about you to the manager of an investment opportunity in which you invest or express interest, so that the manager can manage its relationship with you and so that Verivest can perform the administration or advisory services it has been engaged by that manager to provide. If you are onboarded through Verivest's Investor Onboarding Support services, we may also share your information with a third-party service provider engaged by Verivest to perform AML/KYC verification and accreditation review on Verivest's behalf. If a manager you invest with uses a preferred portal partner's investor portal in connection with its offering, we may also share your information with that preferred portal partner to enable your use of the portal and to support the Services provided in connection with it. We may also use and disclose General Customer Information and Restricted Customer Information to companies related to us by common control or ownership ("affiliates"), as well as any third parties, contractors, consultants, and advisers we may engage to assist us in carrying out any transaction that you have requested of us or authorized, or for other business purposes as may be necessary to complete our contractual obligations with you or otherwise provide the Services. We may also use and disclose to affiliates, service providers, and third parties both types of information for technical support, document and data storage, auditing, research, and analysis to operate and improve Verivest's Services. Among other things, we will disclose General Customer Information and Restricted Customer Information to other Users who are issuers or managers who use the Services to subscribe investors and manage their on-going relationships with those investors.
We and our affiliates may also use General Customer information in other ways, including, without limitation, to send you educational or promotional materials that we think may be of interest to you. Manager Users who receive your information through Verivest's Services may also use that information to market and solicit to you, including for purposes of raising capital from you for their investment opportunities. Neither Verivest nor its Affiliates, however, will use any General Customer information obtained exclusively through the Services to engage in direct email or telephone marketing to you concerning investment opportunities in which Verivest or any of its affiliates has an ownership or financial interest. If you no longer wish to receive general promotional e-mails from us, please use the unsubscribe feature found in our commercial e-mails. Please note that you will, however, continue to receive service-related e-mail messages that concern products and services you obtain from or through us.
We may also share and allow others to share Aggregated Information that does not disclose your identity and cannot be connected to your identity with outside companies, or to the public generally, including through general information about the real estate investment market and the historical or ongoing performance of real estate investment opportunities. "Aggregated Information" refers to information Verivest gathers by aggregating non-identifiable information to provide summaries of our Users, their investment patterns, and their interactions with the investment managers whose offerings Verivest administers or advises on. Aggregated Information is used to show usage patterns and to do such things as negotiate with providers of products and services that we may want to offer our customers. Aggregated Information may also include information about the performance of certain investments, market trends and related data, all without disclosing information that can easily be connected to any specific User.
Except as set forth above or as otherwise required or permitted by law, Verivest will not share Restricted Customer Information with third parties without your prior authorization, which may be expressed or implied from the nature of your activities in connection with the Services, including, for example, from your expression of interest in investing in, or your investment in, an opportunity offered by a specific investment manager who has engaged Verivest for advisory or administration services.
Regardless of whether you have opted out of sharing your General Customer Information or provided us authorization to share your Restricted Customer Information, we reserve the right to use and disclose Aggregated Information, General Customer Information and Restricted Customer Information, as required, to comply with the law, applicable regulations, governmental and quasi-governmental requests, judicial proceedings, court orders or subpoenas, to perform and enforce agreements between you and us, our affiliates, or partners, and to protect our and our affiliates' rights, property or safety or to protect the rights, property or safety of others (e.g., to a credit reporting agency for fraud protection, or to prevent or limit fraud).
The security of the information you provide is important to us. We maintain physical safeguards, such as secure areas in buildings, and electronic and procedural safeguards, such as passwords and access limitations. Access to Restricted Customer Information about you is restricted to authorized employees obtaining the information for business purposes.
After information reaches Verivest, it is stored on secure, virtual servers hosted by one or more third-party service providers, which may include data storage companies, third-parties engaged to perform AML/KYC verification review in connection with Investor Onboarding Support, or a Payment Processor engaged to execute payment instructions in connection with Treasury Services. Any third-party data storage provider will be a large provider with a national presence that is bound by its agreements with Verivest to only use and share your information as needed to perform the services it has contracted with Verivest to provide. Remember, no method of transmission over the Internet, or method of electronic storage, is 100% secure (for example, any information you provide us by email is not encrypted and third-party data storage providers are subject to external attacks). Therefore, while we will use commercially reasonable efforts to protect the information you provide us, we cannot guarantee its absolute security.
We may retain General Customer Information and Aggregated Information indefinitely. Restricted Customer Information will be retained for as long as you are using Verivest's Services, and thereafter to the extent required by applicable record retention policies or regulatory requirements.
You may request the deletion of data that is stored in Verivest databases, so long as the request is compliant with legal requirements and is not required for us to complete previously agreed services you have contracted us to perform. Where your information is also held by a third-party service provider, deletion from that provider's systems is subject to that provider's own policies and any separate agreement you may have with them.
Users have the right to make two requests to know or delete data in a twelve-month period by following the processes described below.
You may submit a request to know or delete information, subject to the conditions below, to support@verivest.com. We will produce or delete information in response to up to two verifiable requests per User per year.
We will confirm receipt of a request from a User to know or delete information within 10 days, and will provide information about processing the requests at that time.
We verify the identity of Users who make requests to know or delete information by taking the following steps:
If we are unable to verify the requesting User's identity, the requestor will be notified that their identity could not be verified and the request will be denied.
If we are able to verify the identity of the User making the request to know or delete, we will respond within 45 calendar days electronically or by mail (unless a 45-day extension is required, as allowed by law). A designated Verivest employee will be responsible for preserving copies of specific personal information collected about each User. Upon receiving a request, this employee will locate and produce any of the following categories of requested information in response to any request by a verified User:
We will not delete customer information if the information is necessary to accomplish any of the following:
In the unlikely event that your nonencrypted and nonredacted personal information, or email address in combination with a password or security question that would permit access to your account, is subject to unauthorized access, exfiltration, theft, or disclosure, whether occurring on Verivest's own systems or, to Verivest's knowledge, on the systems of a preferred portal partner, Payment Processor, or other third-party service provider that holds your information on Verivest's behalf, such an event will be addressed through the following process:
The Site does not collect personally identifiable information from your computer when you browse the Site and request pages from our servers. This means that, unless you voluntarily and knowingly provide us with personally identifiable information, we will not know your name, your email address, or any other personally identifiable information. If you do provide us this information, it will only be associated with the General Information we collect concerning your use of the Site. Verivest's servers do automatically record non-personally identifiable information when you visit the Site. Among other things, when you request a page from the Site, our servers log the information provided in the HTTP request header including the IP number, the date and time of the request, the URL of your request, the language used, the browser type and any other information that is provided in the HTTP header. We collect the HTTP request header information in order to make the Site function correctly and provide you the functionality that you see on the Site. We also use this information to better understand how Users use the Site and how we can better tune it, its contents and functionality to meet your needs.
Whenever you visit the Site, we may also send one or more cookies to your computer that store information on your computer, such as your preferences when visiting the Site. We use cookies to better understand how visitors navigate and interact with the Site and to track activity on the Site as a unique visitor. All of this information is stored in an encrypted fashion for security reasons. You can set your web browser to inform you when cookies are set or to prevent cookies from being set. Please note, however, that if you decline to use cookies, you may experience reduced functionality and slower site response times.
As is true of most websites, if you visit the Site, we will gather certain information automatically and store it in log files. This information includes internet protocol (IP) addresses, browser type, internet service provider (ISP), referring/exit pages, operating system, date/time stamp, and click stream data.
We use this information to analyze trends, to administer the Site, to track Users' movements around the site, and to gather demographic information about our visitor base as a whole. We only link this automatically-collected data to your General Customer Information and your Restricted Customer Information after you have provided your consent for us to do so.
The Site may contain links to other websites, such as service providers, and other third parties which are not owned or controlled by us. Please be aware that this Policy only addresses Verivest's use and disclosure of information collected on the Site. We are not responsible for the privacy practices of such other sites accessed through links on the Verivest site. We encourage you to be aware when you leave the Site and to read the applicable privacy policies and terms of conditions of each and every website that collects personally identifiable information.
We may purchase marketing data from third parties and add it to our existing user database, to better target our advertising and to provide pertinent offers in which we think you would be interested. To enrich our database of individual Users, we tie this information to the information you have provided to us.
In the event that Verivest goes through a business transition, such as a merger, acquisition by another company, or sale of all or a portion of its assets, your General Customer Information and Restricted Customer Information as well as Aggregated Information will likely be among the assets transferred. By using the Site, you consent to any such transfer of your information to Verivest's acquirers, successors, and assigns.
Our Services are not directed to children under the age of 18. We do not knowingly collect information, including personal information, from children. If you believe that data has been collected from children, please contact support@verivest.com.
We reserve the right to modify this Policy at any time without notice to you other than posting the revisions on the Site. The provisions contained in this Policy supersede all previous notices or policies regarding our privacy practices with respect to the Site or our products and services. Any and all changes made to this Policy will be posted on our Site and become effective immediately upon posting. The date of the current version of this Policy is noted above.
We encourage you to check the Site frequently to see the current Policy. Upon any material changes to the Policy, we will post those changes to this Policy, the homepage, and other places we deem appropriate so that you are aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it.
