Controls for capital calls, distributions and fund payments
Private equity, asset and venture managers
Controls for capital calls, distributions and fund payments
Large, infrequent wires to known parties are where IXFXN fits best: one person initiates, a partner or compliance officer approves, and the history is provable to LPs and auditors.
What you'd use it for
- Distributions to LPs
- Quarterly management fees as recurring payments
- Approval thresholds by amount, e.g. three approvers above USD 5M
- Separate accounts for each fund and SPV planned
The controls that matter here
- Dual or multiple approval on large wires
- Tamper-evident payment history for LP and regulator reporting
- Capital-call notices and LP communications are not part of IXFXN
Ask: “Draft the Fund II distribution of 3,200,000 USD to LPs.”