Fund Administration

The Fund Administration module empowers you to model the most complex fund structures and capital accounts, enabling you to better record partnership activity and deliver informative fund correspondence. You also gain instant visibility into your funds’ IRRs, waterfall obligations, and other key metrics, which helps you to better monitor fund performance.

At the Core

• Flexible Fund Structures. Models all global fund structures, including parallel vehicles, nested and feeder funds, and Fund of Funds (FoFs). Also supports multi-currency.
• LP Representatives and Correspondence Preferences. Assigns LP and third-party contacts from subscription agreements onto fund-specific mailing lists (e.g., calls, distributions, K-1s, legal notices), while capturing their preferences for letter, fax or email correspondence.
• Capital Accounts and Transactions. Tracks GP/LP capital accounts and records cash flows (e.g., calls, fees, distributions).
• Streamlined Quarterly Reporting. Threads comprehensive, industry-standard quarterly reports (e.g., EVCA) into a single PDF. With a few keystrokes, distributes quarterlies via email or posts to our secure Web-based Reporting product.
• Commercial-grade GL Integration. Serves as a sub-ledger to your GL by posting your fund’s debits and credits to leading accounting systems.

Taking You to the Next Level

• Detailed, Stylish Fund Correspondence. Itemizes call and distribution letters, and even includes an up-to-the-minute Capital Account statement on page 2 of your letter.
• Fund Level Security. Allows only authorized users to access particular funds.
• Management Fee Waivers. Supports the latest waiver techniques (e.g., MPImanagement profits interest and ICC – Incentive Capital).
• Valuable Time-saving Wizards. Saves time on the following tasks:
  • Fund Setup. Automatically creates starting capital accounts and transactions types for all global fund structures.
  • Customizable Capital Accounts & Transactions. Allows you to tailor the behavior of capital accounts and define new transaction types to reflect the terms of your LPA.
  • Multiple Closings. Brings LP Capital Accounts and holdings back into parity.
  • Mail Merge. Seamlessly generates all fund correspondence (letters and emails).
  • Transfer of Interest. Reassigns commitments and account balances to new LPs.
• Tax & Audit Preparation. Produces portfolio activity reports, K-1s, 1065s, and other key audit-prep forms to ensure peace of mind during tax and audit season.