From investor commitments through investing into other private equity funds, Penny easily satisfies the unique back office challenges for private equity firms.
All the features built into Penny® for shareholder and partnership account are available to private equity firms including:
- Track investments by contribution.
- Automatically allocate investment results by partner.
- Assignments that transfer all commitment, call and distribution history along with the capital and fee accruals.
- Estimated returns that can be calculated at any time, even on a daily basis and including performance fees.
Penny then goes the step farther to add features tailored to private equity needs
Extensive Investor Transactions
- Commitments - track commitment and unfunded.
- Calls - create capital calls across the fund with a single click.
- Distributions - maintain all type of distributions, including return of capital and recallable distributions.
Private Equity Fund of Funds
- Record commitments into other funds.
- Track all transactions into the fund including: calls, distributions, recallable distributions, return of capital.
- Enter estimated inflows/outflows and track against actual as well as forecast future cash requirements.
- Value fund investments and calculate unrealized gains
Powerful Tracking & Reporting
- Performance calculations- IRR and linked rates of return.
- Report committed capital, unfunded capital, recallable distributions by investor, fund investment or both.
- Robust allocations - by capital, partner, hot issue, custom.