Private equity fund software
- TVPI, cents of total value per dollar paid in (185 = 1.85x)
- 185
- Uncalled commitment
- $3,500,000
- Paid-in capital, percent of commitments
- 65
Every figure here comes from the numbers you enter and the method stated beside it: your own commitments, your own paid-in capital, your own distributions and residual value. This site publishes no benchmark return and no fund's performance. What your fund has returned to its investors is your figure, worked from your record, not ours.
Private equity fund software is a category name that covers four different jobs: the deal pipeline, the portfolio companies and their monitoring, the fund's accounting and NAV, and the investors and their capital. A private equity fund of any size runs all four, but rarely from one product, and the one that gets bought last is usually the one the general partner does by hand the longest: the investor record. This guide is about that fourth job, what it has to hold for a private equity fund, and where it stops.
Open the Tvpi calculation Free to use. No account, no card, no trial clock.
Separate the four jobs before buying anything
Deal sourcing, portfolio monitoring, fund accounting and investor relations have different users at the fund and different buyers of software. A product that claims all four is an enterprise platform priced for a firm with several funds; a first or second fund needs to know which job is actually unstaffed.
Hold the capital account per investor as the fund calls it
A private equity fund calls capital over several years, for investments, fees and expenses. Each notice is a percentage of every commitment, so the record has to hold the commitment, the calls to date and the amount of each call per investor to answer what any one of them still owes.
Report the multiples from the same record that holds the calls
DPI, RVPI and TVPI are ratios over paid-in capital, and paid-in is the sum of the calls. A report worked from the record that holds those calls agrees with itself; one built in a separate spreadsheet has to be reconciled to it every quarter.
Rapportvo Pro
Keeping the record behind the figure
The worksheets are free. Pro is what happens after the figure is right: the call becomes a notice on the investor's record, the quarter's figures become the report that went out, and next year you can still see what was called from whom, when, and what they were told.
- Download the notice or the update as a file to send to the investor
- Your notices and updates without our name on them
- Save a call or a quarter's update and open it again next quarter
- Your fund's name and mark on every notice and update
- Every investor, call and distribution out as CSV in one go, for the administrator or the auditor
- Send the capital call notice or the update from inside the record rather than by mail merge
$29per month, whole fund
Start Rapportvo Pro PricingRapportvo Pro is $29 per month for the whole fund, billed monthly, and renews each month at that price until you cancel. The price and renewal terms are shown again before checkout.
What a GP asks before running the Private equity fund software
Is this the deal pipeline as well?
No. The deal pipeline, sourcing and target tracking are a different product with a different user at the fund. Rapportvo holds the investors and their capital, and it says so rather than being a thin version of both.
Does it do the fund's accounting?
No. The general ledger, the NAV and the audited close are the administrator's and the auditor's. The residual value the worksheet uses is the figure they give you at the quarter end; the record keeps the investor side that sits on top of it.
What about the waterfall and carried interest?
The record holds distributions to investors as they were made. Computing the waterfall, the preferred return and the carry is the administrator's calculation under the partnership agreement, and a figure this page does not produce.
Will it keep what your LPs ask for, beyond the Private equity fund software?
Tell us how you keep your investors today and what goes missing between the capital call and the quarterly letter.