Flows: Hedge Fund Capital Accounting (lpInterest)

The following flows apply to hedge fund capital accounting:

• initial fund/offering setup (see Flows: For All Investment Vehicles)

• transfers (see Flows: For All Investment Vehicles)

• initial investments

• distributions

Initial Investments

The initial investments for a hedge fund have the following flow, with securities issued when the Asset Manager or Fund Admin runs a close for a batch of settled shares. This flow assumes that:

• The investing org has been assigned to the fund.

• The investing org has accepted that assignment.

The Integration API refers to the initial step in subscribing as "creating an asset."

Distributions

If a hedge fund is configured for distributions, the event can be started by either the general partner or the fund administrator, and both parties must approve.

If there is no fund admin, then the general partner must still approve.