Fund Administration
Fund accounting that
shows its work to every LP
Capital accounts, waterfall calculations, NAV snapshots, and investor reports — all from one platform. Every calculation is reproducible from the ledger, and every period closes with a sealed snapshot fingerprint and audit-chain head.
Fund accounting is too manual
Most fund administrators run waterfall calculations in spreadsheets. Capital account statements are assembled by hand. NAV computations rely on formulas that nobody fully audits. When an LP asks how their distribution was calculated, the answer requires hours of manual reconstruction.
TripleBooks automates the entire workflow — from capital account tracking through waterfall computation to LP reporting. Every calculation is reproducible, every statement traces to the ledger, and every close locks with proof that the numbers tie.
Continuous NAV
Because the books stay current, NAV is a standing fact you read off the ledger — refreshed with every close instead of assembled at quarter end.
Live NAV
Net asset value drawn from the ledger as it stands today. Every mark, accrual, and expense is already posted, so the number is ready whenever you need it.
Segregation by construction
Balance pools separate fund assets from manager assets at the ledger level. The balance sheet enforces the boundary on every posting — the same mechanism behind our proof-of-reserves attestations.
LP-ready reporting
Capital account statements and NAV reports generate from the same live data. Each figure traces to postings, so LP questions get answered from the record.
From setup to LP reporting
Set up the fund
Create the fund entity with chart of accounts, waterfall structure, and investor records. Import existing capital account data or start from inception.
Record activity
Capital calls, investments, portfolio valuations, expenses, and income — all recorded with built-in validation. Bank feeds and CSV import supported.
Compute and close
Run NAV calculations, waterfall distributions, and management fee accruals. Review, approve, and close the period with a verifiable proof.
Report to LPs
Generate capital account statements and distribution notices per LP. Each statement traces line by line to ledger postings, so LP questions get answered from the record.
Built for fund controllers
Capital accounts
Track commitments, contributions, distributions, and ownership percentages for every LP and GP. Full history with audit trail on every change.
Waterfall engine
Model tiered distribution logic — preferred return, catch-up, carried interest, clawback. Configure per fund with multiple waterfall structures.
NAV computation
Calculate net asset value with configurable valuation methodologies. Multi-currency support with FX rates. Generate hashed NAV snapshots at any point in time.
LP reports with lineage
Generate capital account statements, distribution notices, and NAV reports straight from the ledger. Every figure traces to the postings behind it, so LP questions get answered from the record.
Multi-fund management
Manage multiple funds from a single dashboard. Each fund is a separate entity with its own chart of accounts, investor base, and waterfall structure.
Period close with sealed snapshot
Close each period with a sealed snapshot of the fund's financial position. Trial balance, NAV, and capital accounts lock with a fingerprint and audit-chain head you can inspect.
Ready to modernize your fund accounting?
Start with a single fund. Add more as you grow. Waterfall engine and LP reporting are on the platform; usage debits prepaid credits. Contact sales for enterprise fund-admin terms.
Migrating from a fund-admin platform or Investran/eFront? See guided rollout →