Administering a fund of funds is a complicated business. The administrator manages three interdependent entities: the fund, the investments that comprise it and the participating investors. Further, the Administrator and the management team wear many hats—General Partner, Limited Partner, Research Analyst, Due Diligence Specialist, Investor Relations Manager, Bookkeeper.

The Private i Funds Console is designed specifically for the manager or administrator of funds of funds. This add-on module to the Private i application tracks fund level and investor activities and provides the administrative means to more easily and efficiently manage funds of funds.

In addition, this module provides options for handling the reporting time lag that is famous in the private equity asset class, allowing for a great deal of control over accounting to investors despite the inherent delays.

Clients who invest in a fund of funds ask for, and deserve, a high level of service. Quick responses are required for questions such as:

How much of my capital has been called to date? How much is remaining? What is my performance compared to the total fund’s performance? I’m invested in three of your vehicles. I need to see performance across all three. What is my exposure to particular underlying funds? How do I transfer my LP interest to my child?

The Private i Funds Console allows you to manage the complete relationship with the investors, from allocating capital calls and distribution to rolling up value and a capital account statement.