Special functionality for complex firms

 

Eliminate even more spreadsheets with add-ins that extend your Relevant EquityWorks applications even further.

 

Compliance Add-in

The tools provided with the Compliance add-in will satisfy the most demanding investors and regulators.

 

Compliance Add-in for Relevant EquityWorks
Generate industry-standard letters and quarterly reports with the Compliance add-in

 

Start by raising money from accredited investors, then send them industry-standard ILPA capital call and distribution letters.  At quarter-end, record revaluations created with accepted valuation guidelines, then post transparent quarterly reports to our Investor/LP Portal.

Compliance Add-in for Relevant EquityWorks See where it fits in the
Relevant EquityWorks platform

 

Loan Management Add-in

The Loan Management add-in extends the Portfolio Management application from single-tranche loans to more complex debt with multiple-tranches. 

 

Loan Management Add-in for Relevant EquityWorks
Administer complex debt with the Loan Management add-in

 

Each tranche can have its own attributes (e.g., rate, interest-only or amortized, term, payment frequency, day count, simple or compounding, principal holiday, etc.).  And all securities are conveniently rolled-up into loan consolidation reports and our executive dashboards.  Finally, debt invoices can be generated with our mail merge wizard.

Loan Management Add-in for Relevant EquityWorks See where it fits in the
Relevant EquityWorks platform

 

Partner Attribution Add-in

With the Partner Attribution add-in, the Portfolio Management application analyzes the value created by all your investment professionals.  It is used to evenhandedly make decisions about salary, bonus and carry dollars for larger investment teams.

 

Partner Attribution Add-in for Relevant EquityWorks
Generate "report cards" for your investment team with the Partner Attribution add-in

 

Start by allocating portions of an investment to different players.  For instance, x% to the person who found the deal, y% to the person sitting on the board, and z% for the one who found the exit.

 

Next, generate a series of “report cards” where you can roll-up value creation numbers by:

  • individual, job title, team or office
  • industry, sector, or stage of growth
  • security type (e.g., debt vs. equity)
  • geographical criteria (e.g., state, region, global area)

 

With this tool, our most successful clients better understand the pros and cons of their investment strategies.

“Hey, Bob’s team is generating 25% IRRs in this sector using this type of deal structure!”

One template creates a ranking of players on 1, 3, 5 and 10-year time horizons, while others itemize dates and cashflows for each investment associated with the subject (like a job title).

Partner Attribution Add-in for Relevant EquityWorks See where it fits in the
Relevant EquityWorks platform

 

Waterfall Obligations Add-in

Distributions getting out of hand?  Dealing with time-consuming calculations to support investors with:

  • Side letters
  • "Share classes" of investors with different terms
  • Management fee waivers
  • Recallable capital
  • Opt-outs

The Waterfall Obligations add-in supports funds with allocations that aren't pro-rata. When cash comes off the portfolio (e.g., interest, dividend or exit) the waterfall add-in ensures that each capital account receives the terms it was promised in the subscription agreement.

 

Waterfall Obligations Add-in for Relevant EquityWorks
Model complex waterfalls with the Waterfall Obligations add-in

 

Since the industry downturn in 2008, fund managers have gotten more creative with their waterfalls. No longer can we expect the traditional waterfall where everyone has the same deal:

  • return contributions
  • 8% preferred return
  • 50-100% GP Catch-up
  • Carried Interest (80/20)
Waterfall Obligations Add-in for Relevant EquityWorks See where it fits in the
Relevant EquityWorks platform

 

Looking to save even more time? Check-out a Relevant EquityWorks platform to drive efficiency throughout your entire firm.