Private equity fund operations from first close to final distribution

Yes. Fundtec builds the waterfall directly from the LPA, whether European (whole-of-fund) or American (deal-by-deal), including return of capital, preferred return, GP catch-up and carried interest split. The model is documented, tested against sample distributions and reused each quarter, and it tracks clawback exposure where the GP has received carry early.

Yes. Fundtec prepares fee, expense and carried interest disclosures in the layout of the ILPA reporting templates when LPs or the GP request it, alongside standard capital account statements. Data is drawn from the same ledger as the financial statements, so figures reconcile across every report an LP receives.

IRR is calculated on dated cash flows between LPs and the fund plus residual NAV. TVPI divides distributions plus NAV by paid-in capital, DPI uses distributions alone, and MOIC compares value to invested capital at deal level. Fundtec reports gross and net figures and documents the method so auditors and LPs can recompute them.

Yes. Sponsors often want one team to keep the fund, GP entity, carry vehicle and management company books consistent. Fundtec maintains each entity’s ledger, records fee income and carry allocations, allocates shared expenses under the agreed policy and prepares financials for each entity’s auditor.

Late-closing investors contribute their share of prior calls so every LP is funded pro rata to commitment. Fundtec calculates the true-up, any equalization interest owed under the LPA, and the refunds due to earlier LPs, then records each movement in the relevant capital accounts and issues supporting notices.

Fundtec prepares valuation support: roll-forwards, input schedules, comparable data compilation and documentation under the manager’s valuation policy. The valuation conclusion remains the manager’s responsibility and is reviewed by the auditor. Our role is to make the file complete, consistent and ready for committee review.