Fund accounting for NAV, capital calls & distributions
Run open-ended and closed-end (PE/VC) funds in the same ledger — publish NAV, track LP commitments, issue capital calls, configure waterfalls, and book distributions without a shadow spreadsheet.
NAV / unit
$1,284.60
Committed
$120.0M
Called
$74.2M
01 · Why it matters
Fund admin belongs in the ledger
Most funds run NAV, LP capital and waterfalls in spreadsheets, then reconcile back to accounting once a quarter. HeyBen puts investor activity and fund books on the same chart of accounts — every call, distribution and NAV publish is a real journal entry.
- 1Open-ended funds: subscribe / redeem at published NAV
- 2Closed-end PE/VC: commitments → capital calls → paid-in capital
- 3European or American waterfalls with hurdle, GP catch-up & carry — posted to GL
02 · What's coming
Six building blocks. One ledger.
Fund setup
Open-ended or closed-end, base currency, valuation frequency, jurisdiction and LPF structure.
Holdings & pricing
Cash, listed securities, private positions and crypto — with broker and custodian sync paths.
NAV workflow
Preview, approve and publish NAV per share class with an auditable change history.
Investors & commitments
Track committed, called, paid-in and unfunded capital per LP across every close.
Capital calls
Pro-rata calls funded into cash and capital accounts — with notice letters and reconciliation.
Waterfall & distributions
ROC → preferred return → GP catch-up → carried interest split, posted straight to the GL.
03 · Who it's for
Built for the teams closing the fund
Multi-entity friendly — optional dual-company GP books for management fee and carry posting.
Be first when fund accounting opens.
No spam. We'll email you when fund accounting opens for your workspace.
04 · FAQ
Questions GPs & admins ask
Yes. Open-ended funds subscribe and redeem at published NAV per share class, while closed-end PE/VC funds run on commitments, capital calls, paid-in capital and distributions. Both live on the same chart of accounts in HeyBen.