A real ledger, not
a contact list tagged “LP”.
This is the back office almost nothing at this price point covers. Committed capital per LP per fund, capital calls, distributions, fees and carry recorded as discrete capital-account entries — sitting on the same records the pipeline and the portfolio write.
The terms, modelled where they are used.
Funds and fund economics
A fund record carries the economics real LP reporting needs: management fee, carried interest, hurdle rate and waterfall structure. They are fields on the fund, not assumptions in a spreadsheet somebody maintains.
LP commitments and capital accounts
Committed capital per limited partner per fund, with capital calls, distributions, fees and carry recorded as discrete capital-account entries.
Capital calls
LP-level allocation with notice generation, so the call and the notice come from the same figures.
Waterfalls
American and European structures, modelled before they run rather than reconciled after.
Defensible, or it does not count.
Valuation history on an ASC 820 basis
Marks carry the US fair-value standard’s basis — the institutional-grade detail lightweight tools skip, and the reason a portfolio number holds up in an LP audit.
Version history
An immutable change log across records, with the ability to restore a previous version. What a number was last quarter is retrievable, not remembered.
Audit log
An immutable record of who accessed or exported sensitive data.
The investment the ledger accounts for and the deal the pipeline tracked are the same record. A mark set on the portfolio company is the mark the capital account uses and the mark the LP letter prints. There is no export step between the deal and the books because there is no boundary between them.
It does not replace your fund administrator or your auditor, and it does not file anything on your behalf. It gives both of them a ledger they can tie out against instead of a folder of spreadsheets.
See it on your own data.
Forty minutes, a workspace shaped like your fund, and no deck. If it does not replace something you already pay for, we will say so and end early.