Borrower reporting, covenant tests, loan marks and CECL reserves sit next to fund accounting and LP reporting — so the number in the credit memo is the number in the investor pack.
The submission, the covenant test, the mark and the reserve are one chain — each step reads the record the last one wrote.
Financials and the compliance certificate arrive through the borrower portal, timestamped against the facility.
Deals & Fund Management →Leverage, coverage and liquidity tests run against the facility terms; breaches and cure periods are flagged.
Deals & Fund Management →Fair value with ASC 820 level and documented inputs; approved marks post to the GL.
Valuations →CECL reserve movement and asset-coverage checks from the same facility records.
Fund Management & ERP →NAV, capital accounts and the investor pack assemble from the ledger; the LP portal reads the same entries.
Reporting & Analysis →Form PF, ADV and other filings pre-fill from live holdings and capital.
Compliance →Borrower reporting lands in a scoped portal and is tested against facility terms as it arrives, so breaches and watch items surface before the quarter closes.
Approved loan marks carry ASC 820 levels and post straight to the fund ledger as unrealized gain or loss — no re-keying into NAV.
Credit-loss reserves and BDC asset-coverage checks read from the same facility records your team already maintains.
On Privatis the borrower submits once, covenants are tested against the facility record, and the approved mark and reserve post to the same fund ledger the investor pack reads.
Facility schedules, credit memos, CECL and the investor pack read one set of facility records and one fund ledger.
Outstanding, undrawn, tests and headroom per facility.
The mark and its inputs — the same figure the investor pack shows.
NAV, income and capital activity per LP from the fund ledger.
Reserve roll-forward and BDC coverage ratio from facility records.
Form PF, ADV, AIFMD and FATCA/CRS pre-filled from the ledger.
Credit and equity vehicles on one general ledger — a multi-strategy firm reports both from the same books.
Covenant status per borrower as reporting arrives, not after the tracker is updated.
Marks and reserves that post once, with ASC 820 documentation attached to the entry.
An investor pack that matches the credit memo because it reads the same mark.
Sourcing → diligence → IC → close → monitor → exit in one system, with a CRM where the pipeline and the capital accounts are the same database.
Deterministic tri-approach engine — no LLM touches the math — with AI extracting inputs and marks posting straight to the GL.
Built on ASC 946 conventions — one immutable general ledger where trial balance, financial statements, and LP reporting are deterministic functions of ledger state, not spreadsheet assemblies.
ILPA-standard reporting and portfolio intelligence, with drill-down from any board-pack figure to the journal entries behind it.
Form PF, ADV, AIFMD, BEA, and FATCA/CRS generated pre-populated from the ledger — a review, not a two-week exercise.
Bring one facility's real figures — we'll show you the covenant test, the mark and the investor pack reading the same record, live.