Consolidated portfolio reporting.
Consulting on the design and ongoing preparation of consolidated reports across a limited partner's fund positions, prepared for the client, family principals, investment committees, and auditors.
A single view across managers.
A limited partner with positions across multiple managers receives reporting in multiple formats, on multiple cycles, with multiple definitions of the same metrics. One manager reports IRR on a since-inception basis; another reports trailing performance. One reports NAV gross of carry; another reports net. One reports in USD; another in fund currency. The result is a portfolio that is observable position-by-position, but not in aggregate.
Consolidated reporting reconciles these differences into a single, consistently presented view of the portfolio. The work is preparatory and factual — Fundtec consolidates and presents what underlying managers have reported, normalising format and currency but not adjusting the underlying figures or substituting Fundtec's judgment for the manager's.
What consolidated reporting covers.
A defined operational scope. The output is factual, sourced from underlying manager reporting, with definitions documented at the foot of each report.
- 01Portfolio aggregation framework
A defined report structure showing commitments, drawn capital, returned capital, current NAV as reported by the manager, distributions received, and unrealised value, by fund and in aggregate.
- 02Performance metrics
IRR, TVPI, DPI, and RVPI presented as reported by underlying managers, with consistent definitions documented at the foot of each report. Where managers do not report a metric, the field is marked accordingly rather than estimated.
- 03Cash flow consolidation
A consolidated record of capital calls paid and distributions received across the portfolio, by date, by fund, and by category (capital, income, return of capital, recallable).
- 04Currency normalisation
Where the client's reporting currency differs from fund currencies, balances are presented at month-end or quarter-end FX rates, with the source of the rate documented.
- 05Audience-tailored formats
Client report with full operational detail. Principal report as a summary view suitable for non-operational readers. Investment committee report focused on performance and cash flow. Auditor report with reconciliation-grade detail.
- 06Cash flow projection
Where the client requires forward-looking cash planning, expected capital calls and distributions are projected based on each fund's stated investment period, deployment pace, and distribution profile. Projections are clearly identified as projections.
What the client receives.
Quarterly consolidated report
A quarterly consolidated portfolio report in the agreed formats, prepared on receipt of each quarter's underlying manager reporting.
Annual portfolio review
An annual portfolio review prepared for the principal and investment committee, covering the year's commitments, cash flow, performance, and material changes.
Cash flow projection
A cash flow projection updated quarterly, supporting the client's liquidity planning across the portfolio.
Source-of-data appendix
A source-of-data appendix with manager statement references, allowing any figure to be traced back to its underlying manager report.
Presentation, not valuation.
Consolidated reporting presents underlying manager data in a unified format. Fundtec does not value, adjust, or substitute judgment for any fund's reported NAV or performance figures. Where managers' figures appear inconsistent with prior reporting, the inconsistency is flagged for the client's reference but is not corrected at the Fundtec level.
Common questions on consolidated reporting.
What is consolidated portfolio reporting?+
Consolidated reporting reconciles differences in manager reporting into a single, consistently presented view of the portfolio. The work is preparatory and factual — Fundtec consolidates and presents what underlying managers have reported, normalising format and currency but not adjusting the underlying figures or substituting Fundtec's judgment for the manager's.
Which performance metrics are reported?+
IRR, TVPI, DPI, and RVPI are presented as reported by underlying managers, with consistent definitions documented at the foot of each report. Where managers do not report a metric, the field is marked accordingly rather than estimated.
What if the client reports in a currency different from the funds?+
Where the client's reporting currency differs from fund currencies, balances are presented at month-end or quarter-end FX rates, with the source of the rate documented.
Are forward-looking projections included?+
Where the client requires forward-looking cash planning, expected capital calls and distributions are projected based on each fund's stated investment period, deployment pace, and distribution profile. Projections are clearly identified as projections rather than reported figures.
Does Fundtec adjust the figures reported by managers?+
No. Consolidated reporting presents underlying manager data in a unified format. Fundtec does not value, adjust, or substitute judgment for any fund's reported NAV or performance figures. Where managers' figures appear inconsistent with prior reporting, the inconsistency is flagged for the client's reference but is not corrected at the Fundtec level.
A unified view of the portfolio.
A 30-minute discovery call to understand the spread of your positions, your current reporting cadence, and what is prompting the conversation.