Navigate to Programs
Select Programs from the left-hand sidebar in the Fund Portal.The programs list
The programs list shows every program across your organisation in a single table, sorted by creation date (newest first) by default.| Column | What it shows |
|---|---|
| Name | The program’s display name |
| Securities | Badges showing the security types associated with the program (e.g. Ordinary Share, Warrant) |
| Offers | The number of submitted offers out of the total active offers in the program |
| Status | An Action required warning badge when one or more offers need your attention |
| Created at | When the program was created; hover to see the full date |
The program detail page
Opening a program takes you to a tabbed page with three main sections:- Offers — where you create and manage offers, view drafts, and track the full subscription lifecycle
- Pool — pool utilization and capacity tracking for the program’s share pool (shown when pool management is enabled for your organisation)
- Program details — metadata, attached files, and the edit panel
Program details tab
The details panel on the right of the Program details tab shows the following information:| Field | Description |
|---|---|
| Program name | The display name shown in the fund-portal and, optionally, to stakeholders |
| Company | The portfolio company this program belongs to |
| Lead investor | The investor entity leading the program |
| Securities | All securities linked to this program |
| Name visible | A toggle that controls whether stakeholders see the program name next to their investment in the Investor Portal |
Pool management
When pool management is enabled for your organisation, a Pool tab appears on the program detail page. Pools track how much of your reserved share capacity has been used across all manager grants in the program.How pool capacity is calculated
A pool has three components at any point in time:| Metric | Definition |
|---|---|
| Ceiling | The maximum units reserved for this program (set when the pool is configured) |
| Allocated | The units already held by stakeholders — the exact calculation depends on your organisation’s counting method (see below) |
| Pending | Units committed in active offers that have not yet been registered as transactions |
| Available | The remaining capacity for new grants |
Net counting vs. gross counting
The counting method is set at the company pool level and applies to all programs under that company.Net counting
Net counting
Under net counting, allocated equals the units currently held by managers. If a manager leaves and their shares are repurchased, those units return to the pool and increase the available capacity. This is the most common method.
Available = Ceiling − currently held units − pending unitsGross counting
Gross counting
Under gross counting, allocated equals the total units ever issued from the pool across the program’s lifetime. Repurchased or returned units do not free up capacity — once issued, those units count against the ceiling permanently.
Available = Ceiling − total units ever issued − pending unitsIf the available capacity is negative, Centi displays the actual negative number in red and shows an over-committed warning. Pool limits are enforced as hard constraints at transaction registration — you will see a non-blocking warning when creating an offer that would exceed the pool, but the registration of a transaction that exceeds the ceiling is blocked.
Pool modes
A program pool can operate in one of two modes:- Reserved — the program has a dedicated portion of the company pool set aside for it. Centi checks both the program-level and company-level ceilings when enforcing limits.
- Shared — the program draws from the company’s shared pool capacity. No ceiling is reserved exclusively for the program; Centi enforces only the company-level ceiling.
Creating a program
Programs are typically created by the Centi operations team or a fund-portal user when onboarding a new portfolio company or setting up a new incentive round. You can create a program directly from the Programs list:Open the Create program dialog
Navigate to Programs in the sidebar and click Create program in the top-right corner.
Fill in the program details
Enter a program name, select the company the program belongs to, and choose the securities to associate with the program. At least one security is required.
Optionally set a lead investor
Select a lead investor company from the dropdown. This can also be set or changed later via the Edit dialog on the Program details tab.
Uploading documents to a program
Program files are informational documents that Centi automatically attaches to every offer created in the program — for example, a term sheet, a shareholders’ agreement extract, or a welcome pack. They are visible to the stakeholder when they receive their offer.Upload a file
In the Program files section, click Add file and select a document from your computer.