Private Equity Accounting Software
Every fund, every waterfall, every LP statement — built together, not bolted together.
Partnership accounting, the investment book, and the general ledger on one record — so capital accounts, waterfalls, and LP reporting come from a single source, not a spreadsheet stack. Now with the FundCount AI Assistant to build reports and run operations.
Trusted by private equity, venture, and fund managers running complex, multi-vehicle structures
Real FundCount clients across private equity, venture, and fund administration. See the case studies →
A general ledger, a separate investment system, and waterfalls in Excel that never quite agree.
Most PE firms run accounting in NetSuite, Sage Intacct, or Xero, investments in Investran or Allvue, and the waterfalls in spreadsheets — then reconcile the three by hand. The numbers drift, quarter-end drags, and the auditor gets nervous about the spreadsheet allocations. FundCount's private equity software keeps the books and the investment record in one system, so there's nothing to reconcile.
Reconciled by hand, every quarter
- ✕General ledger in NetSuite, Sage Intacct, or Xero — none built for fund accounting
- ✕Investment reporting in a separate PMS (Investran, Allvue) — weak on accounting
- ✕Waterfalls, partial transfers, and side pockets run in Excel — an audit risk and a manual-error landmine
- ✕Quarterly distributions and capital accounts assembled by hand under time pressure
- ✕Three systems that never fully agree — so every LP number needs a second check
One record, ready on demand
- ✓A single real-time general ledger underneath the investment record — nothing to reconcile
- ✓Portfolio and partnership accounting in the same platform as the GL
- ✓Waterfalls, partial transfers, side pockets, and series LLCs handled natively and audit-ready
- ✓Capital accounts, calls, and distributions generated at any moment, for any scope
- ✓Books and investments are the same record — so the numbers agree by construction
All your funds, investments, and reports under one roof.
The capabilities a private equity firm actually runs on — portfolio accounting, partnership allocations, the general ledger, document intelligence, reporting, the investor portal, and data aggregation — are not seven systems stitched together. They are one platform: private equity management software with fund accounting built in, not bolted on. Explore each below.
Portfolio accounting across every strategy you run
Support private equity, venture, real estate, credit, and direct co-investments in the same portfolio record, so results are comparable across strategies. Use performance measures, IRR, and attribution to explain what drove returns — not just report them.
Compare every strategy in one view →
Partnership accounting that handles your real structure
Run full partnership accounting alongside the general ledger — capital accounts, profit-and-loss allocations, management and incentive fees, and partner statements. Partial LP transfers, side pockets, series LLCs, and debt-provider participation are modeled natively, with a configurable waterfall engine for both standard and non-standard structures.
Explore partnership accounting →
One real-time general ledger under every fund
A double-entry general ledger sits under the investment record, so positions and books never drift apart. Post once and see it reflected everywhere — consolidated across the fund family or by individual vehicle — with full drill-down from any figure back to its source transaction. No parallel set of spreadsheets to reconcile, and intercompany loans eliminated on consolidation.
Explore the general ledger →
Turn capital statements into ledger entries
Capital calls, distributions, and capital-account statements from underlying funds and co-investments arrive as PDFs — not data feeds. FundCount reads them, extracts the figures, and posts them to the ledger with the source document attached, so fund-of-fund and co-invest positions are tracked with the same rigor as your marketable book instead of being keyed in by hand.
Explore document intelligence →
Reporting your LPs and auditors trust
Generate clear, accurate, and customizable LP statements, capital account reports, and financials from streamlined templates. Outputs are audit-ready and reproducible down to the format your investors already receive — so a switch never forces your LPs to redesign their downstream models.
Explore reporting →
An investor portal your LPs actually log into
Give limited partners permissioned, branded access to capital-account statements, capital-call and distribution notices, and a secure document repository — with role-based access and MFA. The portal is included and brandable, so LP reporting moves from quarterly PDFs to on-demand without bolting on a separate tool.
Explore the investor portal →
Every source, flowing into one record
Positions, transactions, pricing, and FX flow in automatically from Bloomberg, Refinitiv, Interactive Brokers, Pershing, Marex, and Morgan Stanley. Combined with AI extraction for capital statements that never come on a feed, the investment record stays current without manual pricing pulls — and without a parallel set of spreadsheets.
Explore data aggregation →
From capital activity to investor-ready reporting — in one workflow.
Every feed, transaction, capital call, and document flows into one accounting-backed operating layer. Because the books and the investment record are the same record, what comes out the other side is reconciled by construction — not assembled and checked by hand.
FundCountAccounting-grade fund operations. Fewer manual steps. Faster closes. LPs and auditors get the right numbers, every time.
Partnership accounting and investment reporting — built together.
A PE firm doesn't need a portfolio dashboard sitting on top of a separate accounting system. It needs the books and the investment record to be the same record. That's what removes the reconciliation work — and the audit risk — between what the GP reports and what the numbers actually say. It's the difference between private equity accounting software bolted onto a portfolio tool and a single platform where the investments and the books are one record.
Comprehensive investment support
Cover the full lifecycle of private investments — from fundraising to final distribution and close — with automatic management-fee calculations and profit-split tracking across funds, vehicles, and strategies.
- ✓Fundraising through distribution and fund close, in one record
- ✓Automatic management-fee calculation and carry tracking
- ✓PE, VC, credit, real assets, and co-invest side by side
Addressing complexities
Handle call allocations, waterfalls, performance measurement, and capital calls and distributions with accuracy and auditability — including the awkward cases: partial transfers, side pockets, series LLCs, debt-provider participation, and excluding specific investors from an allocation.
- ✓Configurable waterfall engine for standard and non-standard deals
- ✓Partial LP transfers, side pockets, and series LLCs handled natively
- ✓Exclude individual investors from a given allocation when needed
One platform — far less manual reconciliation
Most PE firms run accounting in one system and investments in another, then merge them in Excel. FundCount automates the flow from investment and investor transactions to a real-time general ledger — single-step transaction recording, automatic consolidation, no spreadsheet-and-email glue between modules.
- ✓Investment and investor activity posts straight to the GL
- ✓Single-step recording — no double entry across systems
- ✓Eliminates the reconciliation work between separate tools
Capital calls and LP communication on your terms
Calculate call allocations, exclude specific investors, and generate custom capital-call letters and statements — then give LPs an interactive, custom-branded portal for GP-LP communication. Integrate your CRM to manage contacts, data, and fundraising alongside the investor record.
- ✓Capital-call allocations with per-investor exclusions
- ✓Custom call letters, distribution notices, and LP statements
- ✓Branded investor portal; CRM integration for fundraising
Boosted growth by bringing accounting in-house.
“FundCount is incredibly flexible, so we're confident that it can be adapted to any environment or market going forward. Plus, the company has proven to be very responsive from both an ongoing development and support perspective. FundCount is a good partner to have in a growing business.”
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 their products grew more sophisticated, they moved to FundCount to bring accounting in-house — replacing spreadsheets, streamlining end-of-day processes, valuing funds quickly, and managing fee sharing with their sales force using FundCount's fee-calculation functionality.
Read the full MBG Capital case study →