Reporting & Controls

Contribution & Distribution Tracking

We design and advise on capital contribution and distribution tracking frameworks — ensuring every capital movement is documented, reconciled and reported with institutional precision throughout the fund or investment lifecycle.

Tracking Framework Scope

  • Capital call notice design & tracking
  • Distribution waterfall calculation advisory
  • Capital account statement framework
  • Investor-level contribution reconciliation
  • Distribution schedule & timing advisory
  • Carried interest & preferred return tracking
What We Deliver

Our Advisory Services

Capital Call Framework

We design the capital call process — notice format, timing, payment instructions, late payment provisions and tracking against unfunded commitment — ensuring every call is documented and reconciled.

Distribution Waterfall Advisory

We advise on distribution waterfall mechanics — return of capital, preferred return, catch-up and carried interest calculations — and design the documentation and tracking framework to support each distribution.

Capital Account Statements

Investor-level capital account statements showing contributions, distributions, current NAV attribution and remaining unfunded commitment — produced to institutional standard at each reporting period.

Commitment Reconciliation

Full reconciliation of committed capital, called capital, distributions and remaining NAV — at fund level and by investor — updated with each transaction and available for investor or audit queries.

Distribution Timing Advisory

Advisory on distribution timing — tax year alignment, currency conversion timing, withholding tax application and investor-specific distribution instructions — reducing friction at each distribution event.

Carried Interest Tracking

Running calculation of carried interest accrual, hurdle rate tracking, clawback exposure and GP commitment — updated with each NAV period and distribution event for governance transparency.

Our Approach

Built for Real Outcomes

Capital movements are the moments when governance failures become visible — and costly. A miscalculated distribution, a late capital call notice, or an unreconciled capital account are not just operational problems; they erode investor trust.

Our tracking frameworks ensure that every capital movement has a clear paper trail, that calculations are verified before distribution, and that investors receive accurate, timely information every time.

Structures We Build Tracking For

  • Closed-end PE and real estate funds
  • Open-end multi-investor structures
  • Co-investment SPVs with multiple investors
  • Family office vehicles with multiple beneficiaries
  • Development capital structures with phased drawdowns

Documents We Design

  • Capital call notice template
  • Distribution notice template
  • Capital account statement
  • Waterfall calculation model (advisory)
  • Commitment reconciliation schedule

Common Errors We Prevent

  • Waterfall calculation errors at distribution
  • Unfunded commitment reconciliation mismatches
  • Late or incomplete capital call notices
  • Incorrect withholding tax application
Waterfall
Distribution waterfall advisory for every structure
LP
Investor-level capital account statements per period
100%
Reconciled — every contribution and distribution tracked
0
Unreconciled capital movements tolerated
Process

How We Work

01

Framework Design

We design the tracking methodology, document templates and reconciliation process.

02

Waterfall Modelling

We review and advise on the waterfall calculation methodology for your fund structure.

03

Template Build

We produce all capital call, distribution and account statement templates.

04

Process Embedding

We advise on integrating the tracking framework with your fund administrator and reporting.

Common Questions

Frequently Asked

A distribution waterfall is the order in which proceeds are distributed to investors and the GP. Typically: (1) return of contributed capital, (2) preferred return to LPs, (3) GP catch-up, (4) carried interest split. The exact mechanics are defined in the fund's LPA.
Industry standard is quarterly, with annual audited accounts. Capital account statements should also accompany every capital call and distribution notice.
A clawback requires the GP to return carried interest already received if, at fund wind-down, total distributions to LPs fall below the preferred return threshold. We track clawback exposure throughout the fund life.

Ready to Build a Clean Capital Tracking Framework?

Our team designs contribution and distribution tracking systems that keep every capital movement documented, reconciled and transparent.