Purpose
Capital Management enables you to track fund-level transactions — including funding requests, repayments, interest, and fees — while allocating those transactions across deals via Pledges.
Key Features
Fund Creation: Create funds to track fund-level transactions, including funding requests, repayments, interest, and fees.
Capital Source Setup: Add debt facility and equity capital sources, linking each to a fund and capturing details such as capital provider and amount.
Deal Funding Integration: Connect a fund to a deal's funding source by configuring it as participated, syndicated, or internally funded.
Pledge Management: Link a facility or equity capital source to a specific deal funding source through a pledge.
Transaction Tracking: Record fund-level transactions and allocate the amount across one or more pledges.
How It Works
Capital Management is accessed from the Portfolio page. The sections below walk through each workflow in sequence.
Creating a Fund
Step-by-Step Instructions:
From the Portfolio page, select Capital Management.
Select + Create New.
Select Fund.
Enter the required fund details.
Select Save.
Creating a Capital Source (Debt Facility)
Step-by-Step Instructions:
In Capital Management, select + Create New.
Select Facility.
Select the fund the facility belongs to.
Enter the required facility details (name, capital provider, amount, and any terms shown).
Select Save.
Creating a Capital Source (Equity)
Step-by-Step Instructions:
In Capital Management, select + Create New.
Select Equity.
Select the fund the equity belongs to.
Enter the required equity details (for example, name, capital provider, amount, and any terms shown).
Select Save.
Connecting a Fund to a Deal's Funding Source
Set up the deal funding source you want to finance with your fund.
Step-by-Step Instructions:
From the Portfolio page, select Deals.
Open the deal you want to finance.
Open Capital Stack.
Create (or edit) a funding source, or confirm one already exists.
Navigate to the Structure section.
For the question "Is this funding source participated, syndicated, or internally funded?", select one of the Yes options.
In Allocations, choose Internal Allocation and select a Fund. Any capital source associated with that fund will now appear as an option when creating a pledge.
Creating a Pledge
Create a pledge to connect a facility or equity capital source to a specific deal funding source.
Step-by-Step Instructions:
In the deal, open Capital Stack.
Select the Pledges tab.
Select Add new pledge.
Select the capital source (facility or equity).
Enter pledge terms (for example, advance rate and spread, if shown).
Select Save.
Viewing Pledges and Balances
Use Capital Management to review pledges tied to a facility or equity capital source.
Step-by-Step Instructions:
Go to Portfolio > Capital Management > Pledges.
In the dropdown, select the facility or equity capital source.
Select the Pledges tab.
Review the pledge details and metrics shown (for example, pledge balance, available, dry powder, outstanding balance).
Creating Capital Source Transactions
Use transactions to record facility or equity activity and allocate it across pledges.
Step-by-Step Instructions:
Go to Portfolio > Capital Management > Transactions.
Select Create transaction.
Status will default to Pending. Transactions will not update balances until status is Transferred.
Select a Fund.
Select a Capital Source.
Select a Transaction Type.
Select an Effective Date. Use Effective Date to record when a transaction is effective (past, present, or future).
Enter the Transaction Amount.
In Pledge Balance, select one or more pledges.
Enter the amount of the transaction that will be allocated to each pledge's balance.
Select Save.
Benefits
Consolidates fund-level tracking and deal-level allocation in one place, reducing manual reconciliation.
Supports both debt facility and equity capital sources, giving flexibility across deal structures.
Pledge-based allocation ties every transaction to a specific deal, maintaining a clear audit trail.
Effective Date lets you record transactions accurately regardless of when they're entered.
Best Practices
Note:
Before creating a pledge, make sure the deal's funding source is configured with internal allocation and a fund is selected. Capital sources only appear as pledge options once that connection is made.
Transactions default to Pending status and won't update pledge balances until the status is changed to Transferred.