Fund Accounting System

Enterprise-grade fund accounting for hedge funds, private equity, venture capital, and alternative investment vehicles across 22 jurisdictions worldwide.

22
Jurisdictions
98+
Fund Types
3
Accounting Standards
12
Currencies

A comprehensive, cloud-native fund accounting platform delivering end-to-end capabilities spanning investor management, fund accounting, regulatory compliance, and operational efficiency. Built on modern architecture with AI/ML capabilities for anomaly detection, predictive analytics, and intelligent automation.

Investment Structures Supported

Purpose-built accounting for complex alternative investment vehicles across all major fund structures.

Hedge Funds

Full support for hedge fund complexity including long/short strategies, multi-strategy funds, and managed accounts.

  • Equalisation and crystallisation processing
  • High water marks with reset provisions
  • Side pocket accounting for illiquid assets
  • Hurdle rates and tiered performance fees

Private Equity & Venture Capital

Comprehensive LP/GP accounting for closed-end fund structures with complex waterfall calculations.

  • Capital call and distribution management
  • European and American waterfall models
  • Carried interest and clawback tracking
  • Commitment tracking and drawdown schedules

Real Estate & Infrastructure

Specialised accounting for real asset funds including property valuations and development projects.

  • Property-level P&L and cash flow tracking
  • Development cost capitalisation
  • REIT compliance and distribution requirements
  • Joint venture and co-investment structures

Fund of Funds & Multi-Manager

Look-through accounting for fund of funds with aggregated reporting across underlying investments.

  • Underlying fund NAV integration
  • Fee layering and rebate tracking
  • Consolidated exposure reporting
  • Multi-level performance attribution

Traditional & UCITS Funds

Full support for regulated retail funds including UCITS, mutual funds, and unit trusts with standardised reporting.

  • Daily NAV calculation and pricing
  • UCITS compliance and KIID reporting
  • Swing pricing and dilution adjustments
  • Distribution and dividend processing

Standalone & Single-Strategy Funds

Streamlined accounting for single-strategy funds with straightforward structures and reporting needs.

  • Simplified fund setup and configuration
  • Standard fee structures and calculations
  • Investor reporting and statements
  • Regulatory filing support

Series & Multi-Class Accounting

Series/Lot Accounting

Track each investor subscription as a separate series with individual cost basis and performance calculations.

  • Individual high water marks per series
  • Series-level P&L allocation
  • Lot-based redemption processing (FIFO, LIFO, specific lot)
  • Series equalisation for new money

Multi-Class Share Structures

Unlimited share classes with independent fee structures, currencies, and distribution policies.

  • Class-specific management and performance fees
  • Currency hedged and unhedged classes
  • Accumulating vs distributing share classes
  • Founder shares and seed investor arrangements

Multi-GAAP Reporting

Parallel accounting books supporting multiple reporting standards for global investor bases.

  • US GAAP, IFRS, and local GAAP support
  • Automated adjustments between standards
  • Jurisdiction-specific financial statements
  • Audit-ready reconciliation between books

Performance Fee Structures

Comprehensive performance fee engine supporting the most complex fee arrangements.

  • Crystallisation frequencies (annual, quarterly, monthly)
  • Loss carryforward and clawback provisions
  • Hurdle rates (hard, soft, blended)
  • Side letter fee modifications

Investor & Fund Management

Investor Lifecycle Management

Complete investor management from onboarding through ongoing servicing with 360-degree investor views.

  • Individuals, institutions, trusts, retirement accounts, fund-of-funds
  • Automated AML/KYC verification and accreditation tracking
  • Beneficial ownership and relationship mapping
  • Document collection portal with e-signature integration

Fund Configuration

Flexible fund setup supporting complex structures across all major domiciles.

  • Hedge funds, private equity, venture capital structures
  • Master-feeder arrangements and side pockets
  • Unlimited share classes with independent fee structures
  • Series/lot accounting with individual high water marks

Capital Activity Processing

End-to-end processing of all capital movements with full audit trails.

  • Subscriptions with online portal and payment matching
  • Redemptions with gate calculations and holdback management
  • Capital calls with waterfall calculations
  • Distributions with carried interest and clawback tracking

Core Accounting

General Ledger

Full double-entry accounting with multi-dimensional capabilities.

  • Configurable chart of accounts with unlimited hierarchy
  • Multi-currency with automatic revaluation
  • Journal entry workflows with approval controls
  • Period close management and audit trails

NAV Calculation

Real-time NAV computation at fund and share class levels.

  • Swing pricing and dilution levy support
  • Multi-strike NAV for different frequencies
  • Tolerance checking and variance analysis
  • NAV component waterfall visualization

Fee Calculation

Automated fee processing with complex structure support.

  • Management fees on AUM or committed capital
  • Performance fees with high water marks and hurdle rates
  • Crystallization and clawback processing
  • Side letter overrides and fee rebates

Allocation Engine

Sophisticated profit and loss allocation to investors.

  • Layer cake allocation structures
  • Section 704(b) compliance
  • Hot issue tracking for regulatory compliance
  • What-if modeling and allocation preview

Investment Operations

Position Management

Real-time portfolio visibility across all asset classes.

  • Equities, fixed income, derivatives, alternatives
  • Tax lot tracking with multiple cost basis methods
  • Multi-custodian aggregation
  • Point-in-time position reconstruction

Trade Processing

Complete trade lifecycle from capture through settlement.

  • Block trade allocation
  • Broker confirmation matching
  • SWIFT settlement instruction generation
  • Commission and soft dollar tracking

Corporate Actions

Automated processing of all corporate action types.

  • Dividends, splits, mergers, reorganizations
  • Election management and deadline tracking
  • Cost basis adjustments
  • Income tax character determination

Cash Management

Multi-bank cash visibility and forecasting.

  • Automated bank statement import
  • Reconciliation matching engine
  • Cash forecasting and liquidity analysis
  • Payment workflows with dual authorization

Reporting & Statements

Financial Statements

Complete financial statement production with multi-GAAP support.

  • US GAAP and IFRS reporting formats
  • Statement of assets, operations, changes in net assets
  • Schedule of investments with classification
  • Financial highlights and footnote generation

Partner Capital Statements

Comprehensive investor reporting with full transparency.

  • Capital account activity and allocations
  • IRR and time-weighted return calculations
  • Tax basis and book basis options
  • Online access and delivery tracking

Waterfall Distributions

Complex PE/VC distribution calculations.

  • European and American waterfall models
  • Preferred return and GP catch-up
  • Carried interest calculations
  • Clawback tracking and escrow management

Reconciliation

Systematic data integrity verification.

  • Position, cash, and transaction reconciliation
  • Automated matching with configurable rules
  • Exception workflow and break trending
  • Multi-custodian and prime broker support

Compliance & Risk

Regulatory Reporting

Automated preparation of required regulatory filings.

  • Form PF, Form ADV, AIFMD Annex IV
  • CPO-PQR, EMIR/MiFID transaction reports
  • Form 13F and beneficial ownership reports
  • Electronic submission with filing history

Tax Processing

Complete tax reporting and withholding management.

  • Schedule K-1 with state supplements
  • 1099 generation and PFIC/QEF elections
  • UBTI allocations and withholding calculations
  • Book-to-tax reconciliation

Compliance Monitoring

Real-time investment guideline monitoring.

  • Pre-trade and post-trade compliance checks
  • Position limits and concentration rules
  • Counterparty exposure tracking
  • Breach alerting and remediation workflows

Risk Analytics

Comprehensive risk measurement and reporting.

  • VaR (historical, parametric, Monte Carlo)
  • Stress testing and scenario analysis
  • Liquidity risk scoring
  • Factor decomposition and attribution

Intelligent Automation

NAV anomaly detection with automatic flagging
Cash flow prediction for liquidity planning
Document classification and data extraction
Intelligent reconciliation matching
Investor behavior analysis and risk scoring
Automated workflow routing and escalation
Fraud detection and suspicious activity alerts
Smart assistance for user queries

Global Jurisdiction Support

Comprehensive coverage with jurisdiction-specific regulatory compliance, settlement rules, and investor classification requirements.

Europe

Ireland

Central Bank of Ireland (CBI)
UCITS QIAIF RIAIF ICAV Unit Trust ILP

Luxembourg

CSSF
UCITS RAIF SIF SICAR Part II SICAV FCP

United Kingdom

Financial Conduct Authority (FCA)
UK UCITS UK AIF NURS QIS PAIF OEIC LTAF

Switzerland

FINMA
Swiss Fund Swiss SICAV Swiss LP Swiss FCP

Jersey

JFSC
Private Fund Expert Fund Listed Fund

Guernsey

GFSC
Registered Licensed QIF PIF

Malta

MFSA
Malta UCITS Malta AIF NAIF PIF RICC

Netherlands

AFM
NL UCITS NL AIF FGR BV Fund

Belgium

FSMA
BE UCITS BE AIF Pricaf SIR/GVV

Liechtenstein

FMA-LI
LI UCITS LI AIF IU

Isle of Man

IOMFSA
Authorised Exempt Specialist

Americas

United States

SEC
3(c)(1) 3(c)(7) RIC BDC Interval Fund

Delaware

Delaware Division of Corporations
Delaware LP Delaware LLC DST

Cayman Islands

CIMA
Registered Private Master SPC

British Virgin Islands

BVI FSC
Professional Private Approved

Bermuda

BMA
Mutual Fund SAC ISAC ILS Fund Cat Bond

Asia-Pacific

Singapore

MAS
VCC VCC Sub-Fund S-REIT Business Trust

Hong Kong

SFC
OFC LPF SFC Authorised HK REIT

Australia

ASIC
MIS A-REIT MIT AMIT CCIV

Japan

FSA
Investment Trust J-REIT TMK TK-GK

Middle East & Africa

Dubai (DIFC)

DFSA
DIFC Fund DIFC QIF DIFC REIT

Abu Dhabi (ADGM)

FSRA
ADGM Fund ADGM QIF ADGM VCC

Mauritius

FSC-MU
GBC CIS Expert Fund PCC

Platform Capabilities

Cloud Native

Multi-tenant SaaS deployment with enterprise scalability and global data residency options.

API-First Architecture

RESTful APIs for seamless integration with custodians, prime brokers, OMS, and market data providers.

Real-Time Processing

Live position updates, instant NAV calculations, and real-time compliance monitoring.

Enterprise Security

SOC 2 Type II controls, role-based access, MFA, SSO integration, and comprehensive audit trails.

Self-Service Access

Web-based access for portfolio views, document retrieval, transaction requests, and secure messaging.

Mobile Access

Native iOS and Android applications with biometric authentication and offline capability.

Fund and Shareholder Administration Tokenisation for Money Market