Fundwave

Fundwave is a cloud-based fund administration and accounting platform that helps private equity firms, venture capital funds and fund administrators manage the operational side of running investment vehicles. Private funds generate complex accounting and reporting requirements: capital calls and distributions must be allocated across investors, management fees and carried interest calculated, portfolio valuations recorded and regular reports prepared for limited partners. Many smaller managers handle these tasks in spreadsheets or rely heavily on outsourced administrators, which can limit transparency, slow reporting and introduce errors. Fundwave’s approach is to provide purpose-built software that automates core fund accounting and investor workflows, allowing managers and administrators to operate more efficiently while giving investors timely access to information through a dedicated portal.

Key capabilities include fund and partnership accounting with a general ledger designed for fund structures, capital call and distribution processing, fee and expense allocation, waterfall and carried interest calculations, and support for multiple currencies and fund vehicles. Portfolio management tools track investments, valuations and performance metrics such as IRR and multiples, while an investor portal allows limited partners to view statements, notices and documents securely. Reporting features generate capital account statements, financial reports and management dashboards, and workflow tools support approvals and document distribution. Fundwave integrates with banking and accounting systems and offers data import tools to ease migration from spreadsheets. The platform is delivered as software-as-a-service and is used by emerging and established venture capital and private equity managers, family offices, angel networks and fund administrators across multiple regions, including Asia and North America. It is particularly suitable for teams that want to bring fund administration in-house or reduce dependence on manual processes. Configurable reports and permissions help managers present consistent information to investors across multiple funds and vehicles. Pricing starts from around USD 800 with a free trial; there is no permanently free version.