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Asset Specific Apps

Private Funds

Overview

AssetView's Private Fund App is built to track summary and detailed information on all your investments in private funds. AssetView's Private fund dashboard calculates and tracks your remaining commitment, contributions, recallable and non-recallable distributions, stated valuation, calculated current valuation, and estimated economic gain. AssetView also has specific facilities for Private Fund management such as batch entry of multiple transactions in a single capital call.

Asset Creation

When entering a new private fund asset, AssetView prompts you to enter:

  1. Label: friendly name for you to recognize the specific asset;
  2. ID: unique identifier
  3. Description: more information for you to fully describe the asset;
  4. Default Account: account to which all future purchases of the asset will be assigned unless you override;
  5. State: active or planned asset;
  6. Commitment: amount that you gave committed to invest;
  7. Commitment Date: date that you committed (e.g. the date you signed the subscription agreement);
  8. Est. Duration: estimated length of the commitment;
  9. Est. Call Duration: duration over which you expect all of the calls to be made against your commitment; and
  10. Asset Class: the specific asset class to which the asset will belong.

Capital Call

When entering transactions for a Private Fund, AssetView offers an AssetView Capital Call Basic App and an AssetView Capital Call Advanced App. The Advanced Capital Call App supports multiple transaction types (e.g. buy, sell, income, expense) while the Basic Capital Call App supports only a buy transaction type. Both AssetView Apps allows you to enter multiple transactions in bulk that are part of a single private fund call with extra data that is specific to Private Fund calls. AssetView prompts you to enter:

  1. Date: date of the transaction;
  2. Account: AssetView will present the default account which you may override;
  3. Basis: the accounting basis for lotting and taxation; and
  4. Lot: Auto (automatically lot), New (create a new lot), Advanced (to manually create lots), or you may assign to an existing lot.

Then in the Setup section, you may enter each transaction. For each, you are prompted to enter:

  1. Tx: the type (e.g. Buy or Expense) (this functionality is included by the Advanced App and is not included in the Basic App);
  2. Amount;
  3. Type: Contribution or Distribution;
  4. Side: Inside or Outside; and
  5. Recallable: Yes or No (choice presented only for a Distribution).

Then you may choose to add:

  1. Attributes: Transactional Attributes (see Attributes for setup information);
  2. Description; and
  3. State: Active, Pending, or Planned.

Dashboard and Structured View

On the Dashboard for a Private Fund asset and on the Structured View when you select Private Funds, AssetView calculates and displays your:

  1. Remaining Commitment;
  2. Capital Flows;
  3. Distributions;
  4. Estimated Current Market Value; and
  5. Estimated Profit Potential, Return % (XIRR) and MOIC.

On the Private Fund Asset page, AssetView allows you to enter and it then saves the most recent Performance information from statements you receive from the Private Fund as follows:

  1. Date: the statement "as of" date;
  2. Return % (XIRR); and
  3. MOIC.

On the Private Fund Asset page, AssetView allows you to enter and it then saves the most recent Market Value information from statements you receive from the Private Fund as follows:

  1. Date: the statement "as of" date; and
  2. SD Market Value.

Preferred Stock

Private Placements