Guides for private fund operations.
Plain-English guides to the software, calculations and obligations behind running a private fund.
What is investment management software?
What investment management software is, its core components, how private-fund platforms differ from wealth and public-markets tools, and how to choose…
Portfolio management software for private markets
How portfolio management software for private equity, venture, credit and real assets works, what to look for, and how it differs from public-markets …
Choosing investment accounting software
What investment accounting software does for private funds, how it relates to partnership accounting and the GL, and a checklist for choosing one.
Private equity investment management, end to end
How private equity investment management works operationally — fundraising, capital calls, portfolio monitoring, valuations, waterfalls, reporting, ta…
Fund management software: a buyer's guide
A buyer's guide to fund management software for private funds: what it covers, how pricing models differ, implementation, and the questions to ask ven…
Investor reporting, done properly
What investor reporting includes for private funds, quarterly and annual deliverables, ILPA templates, timelines, and how to produce reports faster.
Investment analytics for private funds
The investment analytics private funds use — IRR, MOIC, DPI, TVPI, PME, attribution, pacing — how each is calculated and where analytics software help…
Investment reporting and investor reporting
The difference between investment reporting (holdings, valuations, performance) and investor reporting (capital accounts, statements, tax), and how on…
How distribution waterfalls work
How private fund distribution waterfalls work: return of capital, preferred return, GP catch-up and carried interest split, with a worked European wat…
Automating waterfall calculations
How to automate private fund waterfall calculations: modelling the LPA, testing against historical distributions, per-investor traces, side-letter ove…
Getting through K-1 season
How private funds prepare and deliver Schedule K-1s: the tax calendar, K-2/K-3, data your preparer needs, delivery and investor communication.
FATCA and CRS for private funds
How FATCA and the Common Reporting Standard affect private funds: investor classification, self-certifications, reportable accounts and the data fund …
Form PF: what it asks and where the data lives
What Form PF asks private fund advisers to report, who files and when, and how to keep the underlying data in your fund books.
Presenting performance under the SEC Marketing Rule
How the SEC Marketing Rule affects how private fund advisers present performance: gross and net returns, equal prominence, extracted performance and r…
AIFMD Annex IV: the data behind the filing
What AIFMD Annex IV reporting involves for managers marketing funds in the EU, reporting frequency, the data required, and how AIFMD II changes the pi…
The ILPA templates, explained
What the ILPA Reporting Template and Performance Template contain, why institutional LPs require them, and how to produce them from your books.
How management fees are calculated
How private fund management fees are calculated: commitment and invested-capital bases, step-downs, offsets, waivers, and a worked example.
Capital calls, done cleanly
Best practices for private fund capital calls: timing, notices, wire controls, acknowledgement, reconciliation, defaults and investor communication.
The quarterly close checklist
A step-by-step checklist for the private fund quarterly close: cash, capital activity, fees, valuations, allocations, review, reporting and release.
Audit readiness for private funds
How private funds prepare for the annual audit: PBC lists, reconciliations, valuations support, capital activity, and giving auditors direct access.
Moving a fund off spreadsheets
How to migrate a private fund from spreadsheets to a fund management platform: data inventory, historical load, waterfall reconciliation, parallel run…
RFP checklist for fund software
An RFP checklist for private fund investment management software: accounting, waterfalls, reporting, portal and mobile, compliance, tax, security, pri…
In-house or outsourced fund administration?
Comparing in-house and outsourced fund administration for private funds: cost, control, speed, LP perception and the hybrid model.
Investor portal security checklist
A security checklist for private fund investor portals: encryption, SSO and MFA, document permissions, wire-instruction protection, audit trail, hosti…
The mobile investor experience
Why limited partners increasingly expect a mobile app from their fund managers, what they use it for, and what a good investor app includes.
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