Private Funds

AV is built to track summary and detailed information on all your investments in private funds.

Asset Entry

When entering a new fixed income asset, AV 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 Advanced Extension

When entering transactions for Private Fund, AV offer an AV Capital Call Advanced Extension. This AV extension 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. AV prompts you to enter:

1. Date: date of the transaction;
2. Account: AV 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);
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, AV calculates and displays your:

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

On the Private Fund Asset page, AV 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. XIRR; and
3. MOIC.

On the Private Fund Asset page, AV 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.