The operating reality
- Drawdown and distribution maths lives in spreadsheets, and a single allocation error becomes an LP dispute.
- Investor AML sits in a parallel system that drifts from the transfer agency records it is supposed to protect.
- Covenant test dates and borrower reporting arrive by email, and a missed breach is a lawsuit.
- Audit season means weeks of collating approval evidence that the daily work never captured.
What CoreAdmin runs for a fund administrator
Capital calls
ILPA-standard drawdowns: itemised calls, pro-rata allocation by unfunded commitment, investor excusals and per-investor notices. A call whose items do not reconcile to the penny cannot be approved.
Carry calculations
A European waterfall engine with compound preferred return, management fee step-down, GP clawback and per-LP capital account tracking, transparent enough to defend to an auditor.
Investor services
Register of members, subscriptions, redemptions and transfers with four-eyes NAV dealing. AI drafts contract notes; only a human can issue them, and a redemption cannot outrun the investor's CDD status.
Covenant monitoring
Borrower reporting lands in a compliance mailbox, AI extracts and tests the ratios, and every result queues for fund manager sign-off with the evidence attached.
Invoice lifecycle
AI extracts every field from uploaded invoices into a payment queue with an approval record, so finance stops rekeying and starts reviewing.
Audit confirmations
An ISA 505-aligned confirmation workflow with AI-built drafts and maker-checker approval, turning year-end confirmation chaos into a tracked process.
How it lands
CoreAdmin sits alongside your existing administration and accounting cores rather than replacing them. Firms usually start with one controlled workflow, a capital call cycle or the invoice queue, and switch on further modules when the operating model is ready. Every AI-assisted step goes to a named person for decision, and the audit trail is produced as a by-product of the work.
See it against one of your own workflows
Bring a live process to a focused 30-minute session: a capital call, a covenant certificate or an invoice queue.
Also built for: Trust companies Family offices Enterprise fiduciaries