Complete fund infrastructure
From first close to exit
Launch a fund and run it on one platform — formation, LP onboarding, capital calls, accounting, compliance, and tax. Rolling closes, progressive capital calls and portfolio-level reporting across every holding, administered next to your SPVs.
Committed capital, deployed across a portfolio, reported continuously
A private fund pools committed capital from limited partners and deploys it across multiple investments over a defined lifecycle. The general partner sets the strategy, sources and selects deals, manages the portfolio, and oversees exits. Economics are governed by the limited partnership agreement: a management fee funds operations, and carried interest gives the GP a share of profits once capital has been returned and any hurdle met.
Unlike an SPV, which raises once for a single asset, a fund calls capital progressively, closes on new LPs over a raising period, and reports continuously across the portfolio.
Allocations forms Delaware limited partnerships structured under 3(c)(1) or 3(c)(7), and supports Cayman and BVI vehicles for offshore and cross-border pools, including master-feeder and parallel structures.
Capital goes out for five years and comes back for five more
A venture fund calls capital through the investment period and distributes it through the harvest. Every call, mark, distribution and K-1 across that decade runs through the same platform. Select a year to see what the administration involves.
Illustrative $20M venture fund. Actual pacing depends on strategy and exits.
An acquisition of a seed-stage holding drives the first meaningful distribution, processed through the waterfall.
From LPA to final K-1
Formation, LP onboarding, closes, capital calls, accounting and tax, administered as one record. Click a step to see what the GP sees.
Fund formation
LP onboarding
Rolling closes
Capital calls
Accounting and reporting
Tax and compliance
Individuals, trusts, family offices and endowments onboard in the same flow. Side-letter terms are recorded against the LP and applied in fee and reporting calculations.
Late LPs pay their share of prior calls plus an equalization amount, which is credited back to earlier LPs pro rata.
Reminders are scheduled for outstanding LPs.
Illustrative figures.
LPs get their capital back first. Carry comes after
In a whole-fund waterfall, every dollar of contributed capital, including fees, is returned to LPs before the GP earns carry. Move the slider to change the portfolio’s gross multiple and see how proceeds split on a $20M fund.
Illustrative: 2% annual fee over 10 years, 20% carry, no hurdle, European waterfall. Your terms are set in the LPA; Allocations administers distributions against them.
One platform for every fund you run
All fund structures include unlimited closes, 30 assets, and capacity for up to 249 VC or 99 non-VC investors — administered on the same platform as your SPVs.
Venture Fund
A multi-asset venture strategy across startups, with progressive capital calls, rolling closes and portfolio reporting.
Real Estate Fund
Pooled property and real asset strategies with the accounting, distribution, and investor reporting mechanics handled on-platform.
Explore →Institutional Fund
For managers running larger or more complex structures with institutional LPs, bespoke side letters, and heavier reporting obligations.
Explore →Fund features at a glance
Formation
LP onboarding
Operations
Reporting and tax
See what Allocations customers have to say about us
“We were very impressed by how Allocations handled our SPV. We’ve tried almost all the existing platforms, and Allocations was by far the best of the breed. Thank you! We firmly believe that Allocations can become the new standard in fund creation and management.”
“Thank you team Allocations for making my climate tech dream for the average investor a reality and helping us solo GPs sleep better at night.”
“Helios Capital is proudly powered by @AllocationsInc! Kachow Lightning McQueen! As my daughter would say.”
Before your first close
Anything not covered here, talk through your fund terms with the team. Book a demo to walk through it with the team.
3(c)(1) or 3(c)(7)?
+A 3(c)(1) fund is limited in how many investors it can admit and typically takes accredited investors; most emerging venture funds start here. A 3(c)(7) fund can admit more investors, but every investor must be a qualified purchaser. Allocations forms either structure.
How do rolling closes work?
+You can hold a first close, start investing, and admit new LPs at later closes during the raising period. Later LPs contribute their share of earlier calls plus equalization, so every LP ends up in the same position per dollar committed. All fund structures include unlimited closes.
How are capital calls handled?
+You set the percentage and purpose; the platform computes each LP’s pro-rata amount, issues notices with wire instructions, tracks receipts against the due date and updates capital accounts as money lands.
Can I run co-invest SPVs alongside the fund?
+Yes. Funds and SPVs are administered on the same platform, so you can offer LPs co-investment SPVs next to fund positions and manage both from one dashboard.
What do LPs see?
+An investor portal with their commitment, called and uncalled capital, capital account statements, quarterly reports, notices and K-1s, plus the fund’s documents.
Can international LPs invest?
+Yes. For larger non-US or tax-exempt LP bases, Allocations supports Cayman and BVI vehicles, including master-feeder and parallel structures that invest alongside the Delaware fund.
Can I move an existing fund to Allocations?
+Yes. Fund Migration moves an existing fund onto Allocations, including historical records and LP data, with guided migration support.
Request a demo today
Start building private market products with Allocations.