Asset Management Accounting & Reporting Software
Partnership accounting and investment reporting — built together, not bolted together.
Partnership accounting, the general ledger, and investment management on one platform — now with the FundCount AI Assistant to help your team run it, build reports, and turn documents into data.
Trusted by private equity firms, fund managers, and the administrators who serve them
Real FundCount clients across private equity and fund administration. See the case studies →
An ERP for the books, a portfolio tool for investments, and Excel for the waterfall.
Most managers run NetSuite, Sage Intacct, or Xero for accounting, Addepar or Investran for investments, and a spreadsheet for allocations and the waterfall — then reconcile across all three. The numbers drift, quarter-end drags, and the waterfall is one formula error away from a restatement. FundCount is asset management software that removes the seams by making the books, the investment record, and the allocations one system.
Three systems that never quite agree
- ✕Accounting in NetSuite / Sage / Xero, investments in Addepar or Investran — reconciled in Excel
- ✕Waterfalls, partial transfers, and side pockets built by hand in spreadsheets
- ✕Quarterly distributions that take days and carry real error risk
- ✕Pricing and broker data pulled and keyed in manually
- ✕Per-seat pricing that doesn't match how a fund thinks about cost
One record, ready on demand
- ✓A single general ledger underneath the investment record — no reconciliation seam
- ✓Partial transfers, side pockets, and series LLCs as native structures
- ✓A configurable waterfall engine that runs the same way every period
- ✓Bloomberg, Refinitiv, and broker feeds automated and reconciled to the books
- ✓Pricing built around fund count, AUM, or a hybrid — not just per-user
Partnership accounting, the ledger, and investment management — one system.
Most managers run accounting in one tool, investments in another, and the waterfall in Excel — then reconcile between them. FundCount collapses that stack: capital accounts, allocations, the general ledger, data feeds, reporting, and the investor portal are one platform, not seven stitched together. Explore each below.
Partnership accounting built for non-standard structures
The allocation logic that breaks generic accounting tools is native here: partial LP transfers (one-to-many and many-to-one), side pockets, series LLCs treated as portfolios of sub-units, intercompany loans, and debt-provider distributions. Capital accounts, profit-and-loss allocations, and management and incentive fees run alongside the general ledger — not in a spreadsheet bolted on the side.
Explore partnership accounting →
Portfolio accounting across every asset type
Listed equities, credit, derivatives, private equity, venture, and real estate are held in one investment book — marked, revalued in multiple currencies, and carried at cost and fair value side by side. Because the portfolio runs on the same ledger as the accounting, realized and unrealized gains trace back to the position instead of being rebuilt in a spreadsheet each period.
Explore portfolio accounting →
One general ledger under the investment record
PMS tools lack a real ledger; ERPs lack investment accounting — so most managers run both and reconcile between them. FundCount sits in the middle: a double-entry general ledger underneath the investment record, so positions and books never disagree. Post once and see it consolidated or by fund, with full drill-down from any figure to its source transaction and intercompany eliminated on consolidation.
Explore the general ledger →
Turn fund documents into structured data
Drop in a capital call notice, a custodian statement, or a K-1, and the FundCount AI Assistant reads it, extracts the fields that matter — fund, investor, amount, dates, currency — and maps them to the right records for your review before anything posts. Document handling that used to be manual keying becomes a check-and-confirm step.
Explore AI Document Intelligence →
Every source aggregated into one consolidated book
Pricing, FX, positions, and trades are aggregated automatically from Bloomberg and Refinitiv and from custodians and brokers including Interactive Brokers, Pershing, Marex, and Morgan Stanley. Source-specific formats — a daily FTP drop, an equities feed — are handled by pre-built importers and reconciled to the books, so consolidating across accounts stops being a manual step.
Explore data aggregation →
An investor portal LPs actually use
Give LPs permissioned, on-demand access to capital-account statements, capital-call and distribution notices, and a document repository — generated from the same ledger that runs the fund, so what the LP sees matches the books. Included and brandable, with role-based access and MFA. Keep a separate portal layer if you prefer; it integrates rather than forcing a rip-and-replace.
Explore the investor portal →
Reporting that's audit-ready by construction
Because reporting runs off the ledger, financials, NAV, performance, and LP statements all reconcile to the same numbers — no parallel reporting tool to keep in sync. Produce trial balances, journal entries, and supporting schedules your auditors can work from, and tailor output by fund, strategy, vintage, or any parameter without closing the books first.
Explore reporting →
From broker feed and capital call to LP-ready reporting — one workflow.
Every feed, trade, capital event, and document flows into one accounting-backed operating layer. Because the books and the investment record are the same record, what comes out — capital accounts, waterfalls, performance, LP statements — is reconciled by construction, not assembled and checked by hand.
FundCountAccounting-grade numbers. Fewer manual steps. Faster, lower-risk quarter-ends — and LPs who get the right statement, every time.
The depth of a fund accountant. The reach of an investment platform. One system.
Generic ERPs can't model a waterfall, and portfolio tools can't keep the books. FundCount is an asset management platform built for the structures asset managers actually run — and built so the accounting and the investment record are the same record, which is what ends the reconciliation tax between them.
Allocation logic generic tools were never built for
Partial LP transfers, side pockets, series LLCs, intercompany loans, debt-provider distributions — the structures that turn a spreadsheet into an audit risk are modeled natively. Capital accounts and profit-and-loss allocations run on the ledger, so the numbers are right and traceable instead of rebuilt by hand each quarter.
- ✓Partial transfers — one-to-many and many-to-one — handled natively
- ✓Side pockets and series LLCs modeled as first-class structures
- ✓Configurable waterfalls for standard and non-standard distributions
End the reconciliation between two systems
Running a PMS for investments and an ERP for the books means paying for both and reconciling between them every period. FundCount is the platform that sits in the middle — a real general ledger with real investment accounting on top — so there's one source of truth instead of two that have to be made to agree.
- ✓General ledger and investment management in one platform
- ✓Positions and books can't drift — they're the same record
- ✓No nightly reconciliation between an ERP and a portfolio tool
For when the spreadsheet stops being safe
Hundreds of LPs in a workbook, interest income tracked by hand, quarterly distributions that take days and carry real risk of error — every manager hits the point where the spreadsheet model is no longer defensible to an auditor. Move investor data, allocations, and fund accounting into a system without losing the flexibility Excel gave you.
- ✓Hundreds of LPs managed in a system, not a workbook
- ✓Quarterly distributions calculated, not hand-built each period
- ✓An audit trail behind every figure, with the source attached
Market and broker data, in by default
Pricing and FX from Bloomberg and Refinitiv, positions and trades from Interactive Brokers, Pershing, Marex, and Morgan Stanley — flowing in automatically and reconciled to the ledger. Broker-specific formats are handled by pre-built importers, so onboarding a new custodian isn't a custom project. And run FundCount where your security policy requires it.
- ✓Native Bloomberg, Refinitiv, IB, Pershing, Marex, Morgan Stanley feeds
- ✓Pricing and FX applied across every book, automatically
- ✓Public cloud, private cloud, or on-premise deployment
Brought accounting in-house and built a back office to grow on.
“FundCount is incredibly flexible, so we’re confident that it can be adapted to any environment or market going forward.”
Michael Garcia — CEO, MBG Capital
MBG Capital, a boutique investment advisory firm founded in 2011, initially relied on an external fund administrator for accounting and reporting. As the firm grew and its products grew more sophisticated, it brought accounting in-house on FundCount — replacing spreadsheets, streamlining end-of-day processes and mutual-fund valuation, and adding flexible reporting and fee-sharing calculations for its sales force, on a platform built to scale with the business.
Read the full MBG Capital case study →