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Fund Accounting System

Educational Platform - Allvue FA Design

🎯 Purpose

This educational platform demonstrates the Allvue Fund Accounting system design for Client. It covers fund structures, investor allocations, investment tracking, and key business processes used in private equity fund accounting.

6
Entities
23
Business Processes
80+
GL Accounts
18
Allocation Rules

Core Entity Types

Primary Investment Vehicle

Fund

Definition: The primary investing entity that raises capital from investors and makes direct investments in portfolio companies.

Key Characteristics:

  • Has assigned investors with commitments
  • Directly holds portfolio investments
  • Maintains dedicated bank accounts
  • Produces complete financial statements
Full GLInvestorsBank Accounts
Pass-Through Entity

Investment Vehicle

Definition: A specialized entity for blocker structures or pass-through vehicles.

Key Characteristics:

  • Used for tax-efficient structures
  • Books income and expense activity
  • Maintains separate bank accounts
  • Produces full trial balance
BlockerFull GLPass-Through
Portfolio Holding

Investee Company

Definition: The issuer of a valued security held by a Fund or Investment Vehicle.

Key Characteristics:

  • Issues securities that funds purchase
  • Cannot have equity pickup process
  • Securities valued by holding fund
  • Represents portfolio companies
Security IssuerValuation
Capital Provider

Investor

Definition: An entity that has a subscription or economic interest in an investing entity.

Key Characteristics:

  • Has commitment amount and closing date
  • Receives capital calls
  • Receives distributions
  • Gets allocated P&L and gains/losses
LPGPCommitments
Investment Instrument

Security

Definition: The financial instrument in which the fund invests.

Types:

  • Common & Preferred Stock
  • Debt & Convertible Notes
  • Partnership Interests
  • Warrants, Options, SAFE
CommonPreferredDebt
Transaction Tracking

Lot

Definition: A unique transaction record within a security tracking specific acquisitions.

Key Features:

  • Tracks purchase date and cost basis
  • Enables specific identification
  • Critical for tax reporting
  • Granular performance tracking
Cost TrackingTax Reporting