Your LPA shouldn't be retyped into a spreadsheet.
Legal + Finance + Tech · A New Category in Fund Services
Fund formation sits with a law firm, operations sit with an administrator, and compliance sits with a third party. Every handover re-keys the same terms into another system. Caproom removes the handovers by keeping formation, operations and compliance inside one platform, run by the same team that drafted the documents.
Capability Matrix
How the four service models compare across the dimensions that actually drive cost and risk.
Fund formation included
Term Sheet → LPA binding
Auto-configured fees & waterfall
Native Dutch CV / FGR / Coöperatie
Negotiations with investors
AIFMD Annex IV reporting
Integrated General Ledger
Side-letter MFN engine
Integrated portfolio company flow
Investor portal & e-signing
Single integrated provider
Fixed fee, no hourly billing
The hard part is regulatory judgment.
Capital calls, distributions, NAV, reporting and reconciliations can be automated end-to-end, with human-in-the-loop controls where regulators expect them. What cannot be automated is the continuously shifting regulatory and structuring layer that sits on top: AIFMD II, DORA, ELTIF 2.0, DAC8, MiCA, evolving DNB and AFM guidance, and the bespoke legal architecture each fund needs.
Regulation is accelerating, not stabilising
AIFMD II transposition, DORA, ELTIF 2.0, DAC8 and ongoing DNB and AFM guidance change what platforms must do every quarter. Software built by operators retrofits the rule onto the system; software built by a former fund formation lawyer designs the system around the rule.
LPs now expect both
Investors want consumer-grade UX (instant subscriptions, clear capital accounts, in-app signing) and institutional-grade compliance in the same surface. Legacy admins deliver one; new entrants deliver the other. Few credibly deliver both.
Judgment has to sit inside the system
A rule the platform cannot express becomes a manual workaround, and manual workarounds are where audit findings come from. Every control point in Caproom is defined by fund counsel first and automated second, never the reverse.
The formation layer is where it is decided
By the time a term reaches the administrator, the structuring choice has already been made. Owning formation is what makes the regulatory judgment enforceable downstream rather than advisory.
One Single Source of Truth
Because the negotiated Term Sheet drives the documents (bi-directional), the fee engines and the filings, there is nothing left to reconcile. A change to the hurdle is a change everywhere, not a change plus five follow-up corrections.
Legal + Finance + Tech Hybrid
Caproom isn't just software, we handle legal fund structuring, regulatory filings, fund operations, and external coordination with notaries and tax advisors. One partner replaces three separate service providers.
Built for Dutch structures
Native support for CV, Cooperative (Coöperatie), BV, and FGR structures. Purpose-built compliance with AFM, DNB, and Wwft requirements, not retrofitted from a US or UK template.
Dramatically lower total cost
One provider instead of three removes the duplicated intake, the duplicated data entry and the coordination hours nobody quotes for up front. The saving is structural, not a discount.
One Term Sheet. Five binding outputs.
Create it. Negotiate it. Caproom propagates every commercial term into all fund documents, the fee and waterfall engine, the General Ledger, the investor portal and your AIFMD Annex IV filing, automatically. No documents or financial models out-of-sync.
Every other model treats fund formation as a separate, upstream process. Terms are negotiated in a Word document, then re-keyed by administrators into a different system, the single largest source of operational errors, fee miscalculations and side-letter conflicts in fund operations.
Drafted by fund lawyers, not interpreted by admins
The same people who negotiate the economics configure the platform. No translation layer, no interpretation risk.
Implementation errors eliminated by design
One integrated provider replaces a law firm, a fund administrator and a technology provider, and removes the reconciliation work between them.
Drastically lower lifetime cost
The patent pending data synchronization allows for true efficiency and lower costs when operating your fund.
Order-of-magnitude impact
Illustrative ranges for a typical Dutch closed-end fund under €50M.
Ranges are indicative, based on Dutch market benchmarks for sub-€50M CV / FGR funds. Actual costs may vary.
Practised as a fund formation and corporate lawyer from 2017 to 2026, advising on closed-end and open-end funds and institutional investments across various Dutch and international fund structures with combined AUM advised exceeding €10 billion. Nine years of Dutch fund formation, fund-investment and corporate practice in Amsterdam at leading law firms. Former clients quoted in Legal 500 praise him “for his ability to make complex issues easy to navigate” and as “highly skilled and incredibly approachable”.
- Recognised by Legal 500 as a Leading Associate (Investment Funds, Netherlands)
- LL.M. Corporate Law, Leiden University
- MSc Management & Finance, University College London
- Postgraduate Corporate Law, Grotius Academie
Bar registration retired at launch, Caproom operates as a technology, legal and fund services company, not a law firm.
Security & Assurance
Built from the ground up to institutional standards, not bolted on after the first enterprise RFP.
Information security management aligned.
Service organisation controls aligned for fund administration outsourcing.
Trust services criteria aligned (security, availability, confidentiality).
Continuous code and infrastructure security scanning, with penetration testing conducted by Aikido Security.
Framework gap assessments and penetration test reports available upon request under NDA.
Caproom is currently aligned with these frameworks; formal certifications are scheduled. Reports available upon request.
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