Master-feeder and beyond
Feeders pick up master P&L through real internal positions. Ownership edges are derived from capital across the whole graph, not asserted fund by fund, so consolidation is a read rather than a rebuild.
Fund accounting & administration
The accounting book and the investment book are the same ledger. There is no overnight reconciliation between them, because there is nothing to reconcile.
Proof, not assertion
This one proves it. Fifty-seven invariants run continuously against live funds. Not a test suite over fixtures, but arithmetic truths checked against real money, every day.
When something drifts, the sweep says so before it reaches a review, an auditor, or an LP.
derived from capital, never asserted alongside itStructures
Pooled funds, funds-of-one, SMAs, trusts and GRATs, family partnerships and asset SPVs. Open-end and closed-end. Unitized and capital-based. One platform, not four products with an integration story between them.
Feeders pick up master P&L through real internal positions. Ownership edges are derived from capital across the whole graph, not asserted fund by fund, so consolidation is a read rather than a rebuild.
Per-series high-water marks and equalization. Sleeves as a first-class ledger dimension. Side pockets that ring-fence frozen participation and split dealing NAV from total NAV.
Commitments, capital calls, drawdowns, recallable distributions, waterfalls in European and American form, GP clawback, per-principal carry vesting and LP givebacks.
RIC and BDC support, including repurchase offers with carry-forward, Section 19a notices, financial highlights and the asset-coverage mechanics those structures require.
Coverage
Equity, fixed income, cash, fund interests, derivatives, loans, real assets and digital assets post to the same ledger, under the same rules, with the same audit trail. Not five subsystems and a reconciliation problem.
A EUR commitment is EUR. The base amount is a dated valuation of it, struck at each event's own date and never quietly retranslated. Missing a rate is a refusal, not a guess.
Tiered schedules, modifiers, offsets, MFN, expense caps, manager-borne splits and four-way settlement. Configured per fund, because no two limited partnership agreements agree.
Fund-of-funds exposure, acquired-fee disclosure and per-manager performance records, computed through the ownership graph rather than collected by email.
A closed period is sealed and its trial balance frozen as an artifact, so a statement produced today still ties to what was reported then.
Reporting
Capital call and distribution notices carry ILPA CC&D component codes. Expense lines carry ILPA line-item codes at the point of posting, not reverse-engineered at quarter end.
Every row in a reporting template maps back to the ledger entry that produced it. Where a concept genuinely has no source, the template says so rather than quietly reporting a zero.
Platform
More than 800 endpoints under one OpenAPI spec. There is no private back channel: the product's own interface is built on exactly the API you get, which is the only real guarantee that it is complete.
Custodians, administrators, banks, portals, data vendors, your own warehouse. REST in, REST out, plus bulk CSV loaders for the systems that will never have an API.
Upload the spreadsheet, the CSV, the PDF. A model proposes the mapping, you review what it got wrong, and only what you approve is committed. Nothing posts because a model was confident.
Upload an LPA and get suggested fee terms prefilled into the builder, with the clause it came from attached. A human confirms every one before it becomes a fund term.
Before it posts
See exactly what an entry does to the ledger, to capital accounts, and to every downstream balance, before it posts. Nothing enters the book blind, and anything in an open period can be corrected without a journal of apologies.
1494
Why the name
In 1494, Luca Pacioli published the Summa de arithmetica, codifying the double-entry method Venetian merchants had already used for two centuries. Debits and credits, a ledger that balances, books that can be checked by anyone who knows the rules.
Everything since has been an implementation detail. We took the year.
Early access
Built for fund administrators, CFOs and controllers who would rather their system prove the books than merely store them. If that is your problem, we would like to hear how you have it.