Portfolio management software for private markets

What private portfolio management has to handle

A private company can be held by a main fund, a parallel vehicle and several co-invests at different costs. Its financials arrive quarterly in a spreadsheet from the CFO. Its value is an estimate approved by a committee. Its exposure matters by sector, geography, stage and currency. And its performance must be reported gross at the deal level and net at the investor level. Each of those needs a data model built for private assets.

What separates good platforms

Look for one position record per holding with each vehicle's share of it; a collection portal that gets data from portfolio companies without email; a valuation workflow with methodology and approvals; performance computed from actual cash flows; and a direct path from approved marks to NAV and the LP portal. If any of those is a manual export, the platform will create quarter-end work rather than remove it.

Where it fits with the rest of the stack

Portfolio data is only half the picture: LPs care about their capital accounts, which depend on the partnership ledger. Standalone portfolio monitoring tools do the first half well and need a ledger and portal beside them. FUN/D keeps both on one data model.