KOGER Incorporates Waterfall Distribution Functionality To PE Admin Platform

Jul 12 2017 | 6:55pm ET

Fund administration software company KOGER has incorporated new functionality into its PENTAS private equity platform that automates the distribution waterfall process, which can be one of the most complex operations faced by private equity firms.

PENTAS automates the comprehensive calculation of the distribution process, from return of capital and preferred return, to the distribution waterfall and carried interest split, the company said in a statement.  It offers flexible drawdown and distribution tracking, as well as versatile setup of partners’ commitments at each stage of the fund cycle. The platform also provides cash flow tracking on receipts to allow for a simplified bank reconciliation process.

The platform, which is part of KOGER’s flagship NTAS fund administration platform, also offers optional modules for fundraising and deal flow, and is usable by all fund types, including pure private equity funds, master feeder and fund of funds.

“The calculation and execution involved with the distribution waterfall present some of the most complex operations for private equity firms,” said Ras Sipko, KOGER’s COO. “Our PENTAS PE platform automates and simplifies the process, offering flexibility and control in tracking commitments, processing capital calls and calculating distributions for increased accuracy and efficiency.”

“We have designed the platform to be nimble for all types and sizes of funds, with comprehensive functionality that can scale easily to meet the changing requirements of asset managers,” Sipko added.

KOGER’s NTAS supports more than 8,000 funds with $2 trillion in assets. It handles daily transfer agency recordkeeping, investor registration, cash management, trade processing, compliance, reporting and fee processing for hedge funds and private equity, as well as mutual funds, money market funds and pension funds. 

Founded in 1994 and headquartered in New Jersey, KOGER was a pioneer of fund administration solutions for alternative investments.  Over time, the company’s signature NTAS product developed into a comprehensive fund administration platform that now serves the entirety of the investment industry. NTAS is now used by many of the largest funds, fund administrators and financial institutions in the world.  

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