Fund administration that reconciles itself
Capital accounts, allocations, and distributions derive from the same records — so statements, performance, and audit support agree by construction.
Fund managers running multiple vehicles, classes, and closings need one deterministic engine. Waterfall terms are modelled explicitly, previewed before execution, and retained with a per-investor audit breakdown for every run.
Visual waterfall builder
Model return of capital, preferred return, catch-up, hurdles, promote, and multiple tiers with class-level allocation rules.
Deterministic calculation service
One engine produces every displayed figure. Components never recompute their own maths, so the interface and the statement cannot disagree.
Multi-close capital accounts
Handle interim closings, equalisation, and class-specific terms with effective-dated ownership behind every balance.
Valuations and performance
Record valuations with method and date; performance measures always state the basis they were computed on.
Reporting packages
Per-period investor statements and sponsor reporting generated from persisted records with controlled delivery.
Auditor access
A read-only reviewer role with full evidence visibility and no ability to trigger any external effect.
What to keep in mind
- Waterfall previews are calculations, not authorisations — execution is a separate, evidenced step.
- Distribution runs remain unreconciled until settlement confirmation is received from the paying rail.
- Allocation rules should be reviewed against governing documents by counsel before execution.
- Historical restatement is handled through effective-dated records rather than in-place edits.