Fund administration with independent agent validation.
Every capital call, close, and LP statement is computed by two independent engines and reconciled before it goes out. Agents guide each step; the math is deterministic and auditable.
| LP | Commitment | % | Allocation |
|---|---|---|---|
| Meridian Bay Partners | $12,500,000.00 | 25.000% | |
| Halcyon Bay Partners | $8,750,000.00 | 17.500% | |
| Kestrel Family Trust | $7,500,000.00 | 15.000% | |
| Juniper Hill Capital | $6,666,667.00 | 13.333% | |
| Redwood Family Office | $6,333,333.00 | 12.667% | |
| Cascade Ventures LLC | $8,250,000.00 | 16.500% | |
| Total | $4,000,000.00 |
of private capital funds appointed a new administrator in 2024, up from 25.1% in 2022.
reason GPs switched administrators was reporting and accuracy errors, ahead of cost.
The GP signs off on every statement that reaches an LP. The GP is liable when a number is wrong, not the administrator.
You operate it. The engines verify it.
Capital calls
Enter the amount. Per-LP allocation comes out the other side, computed by two independent engines. The call cannot be issued until they tie. Notices generate automatically once it does.
Quarterly close
A guided checklist that will not let a period lock while a check fails. Twelve checks run every close. When one fails, it says exactly what is wrong and by how much, not just that something is wrong.
Statements
Every line on a capital account statement traces back to a ledger entry and, behind that, a source document. Nothing on the page is asserted without a derivation underneath it.
Every figure opens to its complete derivation.
Allocation = commitment ÷ total commitments × call amount, largest remainder rounding.
AI drafts and suggests. Deterministic engines compute. A person confirms.
No model touches the math. Every suggestion a person accepts, edits, or rejects is recorded against the trace, alongside the correction.
Built for funds that want to self-administer, not self-reconcile.
Quarternd is software a GP runs directly. Accounting agents walk you through capital calls, closes, and statements, while two deterministic engines verify every calculation before a number is finalized.
- Fund accounting and the ledger
- Capital calls and distributions
- Quarterly close checklist
- LP capital account statements
- Investment records and marks
- Audit-ready trial balance
- Double computation on every allocation
- Twelve close checks before lock
- Full derivation trace per figure
- Ledger-to-statement reconciliation
- Cash and position tie-outs
- Immutable audit log
- Tax and K-1s
- LP portal
- Waterfalls and carry
- Non-venture structures
A mutual selection, not a signup.
Venture funds between $10M and $250M, Fund I through III, currently self-administering or unhappy with an incumbent, 15 or more LPs, and willing to run a real fund on it.
Full fund administration at no cost during the design partner period, a direct line to the founder, and real influence over what gets built next.
Your fund documents and historical books, an hour or two a month of feedback, and a call when something breaks.
A 30-minute call within a week, then a decision either way.