Private-capital activity
The commitment register holds commitment, contributed capital, recallable distributions, unfunded amount, default, transfers, waivers and side-letter terms. Reconcile the ledger, investor capital accounts and legal register.
Capital calls
Start with approved purpose and cash forecast, then allocate investments, expenses, management fees and equalisation under the partnership agreement. A notice includes date, due date, verified bank details, commitment, call percentage, amount, purpose and late-payment consequences. Use dual control for bank details.
Match receipt payer, investor, amount, currency and value date. Route short, excess, third-party and late payments to exceptions. The administrator does not invent interest, default or dilution remedies.
Distribution waterfall
Define return of capital, preferred/hurdle return, catch-up, carried interest and subsequent sharing, distinguishing whole-fund from deal-by-deal. Review available versus restricted cash, recall, tax reserves, transfers and side letters, carry escrow/clawback, GP commitment, notices, payments and capital-account ties.
The closing capital account is opening balance plus contributions plus allocated result less distributions and adjustments. Aggregate investor accounts back to fund net assets before release.