Successor fund managers
Fund II, Fund III, Fund IV · institutional-grade ops · one vendor
Successor funds get scrutinised. LPs benchmark your operations against the big shops. Caproom delivers institutional-grade fund administration, AIFMD reporting and investor experience on one stack, at a fraction of the cost of the incumbent providers.
What changes from Fund I to Fund II
- LPs run real ODD: they want to see your GL, your depositary, your AIFMD reporting and your investor portal.
- Fund I scaled on Excel; Fund II breaks Excel and you start budgeting for a 3-vendor stack (admin, AIFM, portal).
- Successor funds carry forward complexity: clawbacks from Fund I, cross-fund allocations, side letter MFNs.
What Fund II needs that Fund I did not
One stack doing three jobs
Fund administration, AIFMD reporting and the investor portal on the same data, with one contact instead of three.
Fund I, II and III side by side
Separate ledgers, cross-fund allocations, consolidated GP economics.
The things an ODD team asks for first
Role-based access, a full audit trail per mutation, tenant-isolated data and seven-year retention, in place before anyone requests them.
Carry that survives a second vintage
GP carry is tracked across funds and the clawback liability stays visible at fund and GP level.
Successor funds, frequently asked questions
Can Fund I be migrated onto Caproom?
Yes. Commitments, historical calls, distributions and capital accounts are imported and reconciled so the historical numbers tie out before Fund II goes live. We run that migration with you.
Can several funds run alongside each other?
Yes. Fund I, II and III live in the same environment with separate ledgers, cross-fund allocations and consolidated GP economics.
How is clawback tracked across vintages?
Carry is calculated per fund and aggregated at GP level, keeping the clawback liability visible as soon as a later fund falls behind its hurdle.
Do side letters and MFN carry over from Fund I?
Side letters are recorded as deviations from the fund terms with MFN tracking, so a concession granted in an earlier fund stays visible while you negotiate the next one.
Bring your Fund I operation
Thirty minutes. We go through how Fund I is run today and what changes when Fund II is on the platform.