Smartfin
Private Equity
Bringing complex waterfall and investor calculations out of spreadsheets
Fund-specific waterfall rules and investor distribution calculations, moved out of spreadsheets. Told by Smartfin's CFO.
Waterfall & CarryRead story
For Private Equity & Venture Capital
One financial record for your funds, investors and portfolio.
Quantium gives private equity and venture capital finance teams one record for fund accounting, LP terms, portfolio data and investor reporting. Add feeders, parallel vehicles, co-investments and new vintages without the numbers spreading across spreadsheets.
The whole quarter, in one place
From the capital call to the LP statement, each step works from the same fund, investor and portfolio records.
- 1
Call capital
Closings, commitments and capital calls, allocated by investor and issued as notices.
Capital calls & distributions - 2
Account for the fund
General ledger, fees, expenses and partner capital accounts across main, parallel and feeder vehicles.
Fund accounting - 3
Track the portfolio
Company KPIs, valuations and ownership, collected each quarter and checked before use.
Portfolio monitoring - 4
Report and distribute
Waterfalls, distributions, capital account statements and performance, published to LPs.
Investor reporting
Two kinds of finance team, one platform
Buyout and growth equity CFO
Keep main, parallel, feeder and co-investment vehicles consistent as the structure grows. Apply investor terms, calculate management fees and distributions, and explain movements between the ledger, partner capital accounts and reports.
Venture capital COO or finance lead
Track successive closings, commitments, portfolio valuations and company metrics without a separate set of reporting files for every vintage. Produce capital account statements, portfolio updates and LP reports from records finance can review.
Two ways to work: Fund Accounting or NAV Oversight
Choose fund by fund. Many managers do both.
Fund Accounting
Run the books on Quantium
- General ledger and partner capital accounts
- Fees, waterfalls and carried interest, with workings
- Capital account statements and LP portal
NAV Oversight
Trusted fund data from any administrator
- Administrator data mapped across funds
- Investor-level reconciliation of NAV and fees
- Optional Managed Data Operations
Built for how PE and VC funds are actually structured
The cases that break generic accounting software are the everyday work of a private markets finance team.
Parallel funds and feeders
Aggregate main, parallel and feeder vehicles while keeping each vehicle's own books.
Co-investment vehicles
Track co-invest SPVs alongside the main fund, with their own investors and economics.
Subsequent closings
Admit later investors and keep capital accounts and allocations consistent across closings.
Deal-level opt-outs
Exclude investors from specific investments and keep every allocation traceable.
Side letters and fee terms
Apply investor-specific management fee terms and LP-specific waterfall arrangements.
GP commitment and carry
Fund-level carried interest, plus employee carry and GP co-investment records.
Complex terms such as deal-level opt-outs and investor-specific fees are configured and validated against your LPA during implementation.
Equalization at every subsequent closing
New investors come in, existing investors are rebalanced, and everyone ends up at the same share of commitment called, with equalization interest applied under the LPA.
- Admitthe new investor and commitment at the closing date
- Calculatecatch-up contributions and returns of capital, pro rata
- Apply interestequalization interest at the LPA rate
- Approveamounts by investor
- Notifynotices issued, capital accounts updated
Transfers and opt-outs, on the investor record
Secondary transfers and excused investments are routine in PE and VC. Quantium handles both where they belong, on each LP's record, with the history kept.
LP commitment transfer
Transfer all or part of an LP's commitment to a new or existing investor, on the date you set. Gains and losses allocated by commitment are rebalanced automatically, and the transfer stays on record.
LP opt-outs
Leave an LP out of a specific deal, capital call or distribution where the LPA or a side letter allows it. The amount is allocated across the participating LPs, and equalization treats the LP as excused.
Customer stories
Explore all customer storiesCase Study
$5B private equity buyout manager
GP carry and co-investment tracking at a $5B private equity buyout manager
How an established manager connects employee carry allocations, GP co-investment positions and participant reporting.
Waterfall & CarryRead story
Project A
Venture Capital
Connecting fund and investor data across a €1.2B venture platform
Fund, investor and portfolio data consolidated to support reporting across a venture platform, working with Quantium and A11.
Fund AccountingRead story
Questions
Is Quantium built for private equity and venture capital funds?
Yes. Private equity and venture capital managers use Quantium for fund accounting, capital calls and distributions, LP terms, portfolio monitoring and investor reporting from one financial record. It handles parallel funds, feeders, co-investment vehicles, subsequent closings with equalization, side letters and carried interest.
Can we start with one fund?
Yes. Many managers start with a new fund or a single fund family and add earlier vehicles later, depending on the history they need.
Can we keep our fund administrator?
Yes. NAV Oversight turns your administrator's data into one verified view for fund and investor reporting. Running the books on Quantium is a separate option, fund by fund.
Does it handle investor transfers and different fee terms?
Yes. Quantium supports investor-level terms and allocation workflows, including transfers and different closings. Fund-specific rules are configured and validated against your LPA during implementation.
Can our deal team use the same portfolio data?
Yes. Portfolio company KPIs and valuations sit alongside fund and investor records, with access configured for finance and investment teams.
See your own fund structure in Quantium.
Walk us through a closing, a capital call or a distribution, using the terms that matter to your finance team.