Advanced Fund Administration
Our Fund Administration technology ensures you have everything you need to model your fund, its investors, its structure, and events all from one platform that you can easily extend with your proprietary processes.
Making the complex. Simple.
Fund Setup
This holds all the setup for the fund including the capability to ensure partners can be in multiple funds, the same fund in different ways, and reported across accurately and entirely.
The settings against Terms can flow into multiple calculation engines, such as the management fee calc, and also your own custom processes.
Key Settings:
Closings
Investors
Partners
Partner Terms
Pooled Partners
Key Terms:
Recycling
Management Fees
Carry Waiver
Fund Structure
This ensures the system has a complete understanding of the structure of your fund, and knows how to automatically allocate transactions up and down paths. This provides a true hierarchical representation of your fund that the system can utilise during waterfall and other custom processes. By using paths and mappings allocations can be dynamically updated in real-time preventing structure and transaction problems associated with legacy systems and their flat/allocation split world view.
See Entity Structures for more information.
Key Entity Setup
SPVs
AIVs
Feeders
Blockers
DCE
GP
Fund Structure Layers:
Allocation Rules
Allocation Paths
Allocation Mappings
Capital Event Processing
The system doesn't just act as a record keeping system where you have to calculate everything offline and enter it into the capital transactions for events. Instead the system is designed for the "Portfolio to Drive the Capital" - in other words the system loads in the entire portfolio history on a LTD basis for each event and calculates the following for each underlying lot:
Current Status
Total Unrealized MTM
Total PNL
LTD Distributable (ROC/Gain/Income)
Prior Distributable (ROC/Gain/Income)
Distributable Adjustments (ROC/Gain/Income)
Current Distributable (ROC/Gain/Income)
LTD Profits Interest (ROC/Gain/Income)
The system can then automatically create the appropriate transaction postings for distributions/etc in the capital for you. Gone are the days of the system simply being a repository for your capital transactions and offline calculations - now you can bring the entire process and algorithms onto one platform.
Our Waterfall technology can also be layered on top of this and in turn automatically push the results into the Capital Transactions for the Event as well.
See here for more info on Custom Waterfalls.
