A fund administrator's core product is an accurate, timely NAV and a clean audit trail behind it, across funds, currencies, and share classes that don't stay still. Most administrators still run this on spreadsheets bolted onto a generic accounting platform, which works until a fund count, an investor count, or a regulator's reporting deadline outgrows it. We build the NAV engine, investor workflows, and compliance reporting around how your operation actually administers funds.
NAV calculation and reporting automation across funds, currencies, and share classes
Investor onboarding and KYC/AML workflows built into the subscription process
Capital call and distribution management for PE/VC fund structures
Fixed-cost delivery, scoped up front
The problem
Your NAV calculation process still running through a spreadsheet that one person understands well enough to trust?
Economic substance and regulatory filings for your offshore-domiciled funds assembled manually every reporting cycle?
Short answer
RaftLabs builds fund administration software: NAV calculation and reporting, investor onboarding and KYC/AML, capital calls and distributions, offshore economic substance reporting, and multi-fund, multi-currency, multi-share-class administration. It fits administrators, including those serving offshore hedge, PE, and VC funds in the Cayman Islands and BVI, whose operations outgrew spreadsheets or generic accounting platforms. A NAV tool runs $55K to $110K, fixed.
Who this is for
Fund administrators
NAV, onboarding, and reporting on infrastructure you control, priced once.
Private equity and venture managers
Capital calls, distributions, and waterfall logic scoped to your fund structures.
Emerging administrators
An operation that scales across funds, currencies, and share classes without workarounds.
Investor relations teams
Portals and reporting LPs stop complaining about.
01 Diagnosis
NAV calculation is copy-paste, not accounting
Ask fund accountants what a daily NAV reconciliation really is and the honest answer is copy-paste, not accounting. NAV computation is mostly automated, but a human still sits behind the desk resolving the issues the automation can't: reconciliations, breaks, exceptions. When that process depends on institutional knowledge held by one or two people, growth in fund count or investor count turns a manageable workload into a bottleneck, and a single error becomes expensive to unwind. A structured NAV engine with your valuation methodology and fee/waterfall logic encoded turns a fragile manual process into a defensible, auditable one. Auditors trace the NAV to source records in the system, so the review ends on schedule.
Investor onboarding takes weeks of paper chasing
Complete and accurate subscription documents should take minutes, not weeks. But subscription documents, KYC/AML verification, and accredited investor checks often happen in one system, or on paper, while the cap table and NAV allocation live in another. The new investor's data gets re-entered by hand and the two records drift out of sync. And 96 percent of LPs now say the complexity and professionalism of a fund's AML/KYC program is a primary factor in their decision to invest. We build onboarding directly into the same system as NAV and cap table management, so investor data flows straight through. Subscription documents complete in minutes, and LPs read the professionalism as competence.
Portfolio company data arrives as garbage to normalize
The associates who built the model to close the deal are now copy-pasting monthly reports, getting paid for analysis but spending their time on data collection and format normalization. One company's revenue is another's bookings. Fitting square pegs into round holes costs countless hours of manual copying, translating financial statements into a common format. We build portfolio monitoring ingestion that normalizes incoming data into your chart of accounts automatically, flagging what doesn't map for human review. Junior staff stop re-keying custodian data, so their hours go to the work clients pay for.
Your data is hard to extract, so you're hard to leave
Opaque pricing that escalates as you add funds and investors. Implementation timelines of 60 to 90 days that stretch longer. And underneath it all: when your data is hard to extract, you're harder to leave. Administrators stay with platforms they've outgrown not out of satisfaction but out of inertia. A custom platform runs on infrastructure you control, with documented exports and source code you own. Documented exports keep every renewal a negotiation you can walk away from.
02 What we ship
NAV engines that apply your specific valuation methodology and fee/waterfall structures, producing a defensible, auditable NAV on your required calculation cycle: daily, monthly, or quarterly. NAV publishes from reconciled data daily, so audit season stops being a project.
Subscription document collection, accredited investor verification, and KYC/AML checks built into the onboarding flow, feeding directly into the cap table and NAV allocation without manual re-entry. KYC checks and approvals run in parallel, so investors fund on day one of the relationship.
Tracking each LP's committed, called, and distributed capital across funds and vintages, with capital call and distribution notice generation for PE/VC fund structures. Calls and distributions generate from fund data, with notices out the same day.
Data collection and filing-preparation workflows for economic substance reporting and other regulatory obligations, scoped to your specific offshore jurisdiction's requirements. Substance and regulatory filings compile themselves from records the operation already keeps.
Data architecture built around multiple fund vehicles, currencies, and share classes as first-class concepts, not a single-fund system stretched to fit a growing operation. New funds and currencies onboard as configuration, so growth stops creating side systems.
Client-facing portals where investors view their position, NAV history, capital account statements, and documents under your brand, with access scoped per investor and per fund. Investors open the portal, find their numbers, and stop emailing for statements.
Integrations
Books, investor records, and filings live on infrastructure you control, with documented exports from day one.
03 Buy, build, or wait
The fund administration software decision is usually about the data: who holds it, what it costs to keep it there, and what happens when you want to leave.
Keep the platform
SS&C, Citco, Juniper Square
When the platform's NAV engine, onboarding, and reporting fit your fund structures and the pricing still makes sense.
Build custom
When the price escalates
Opaque per-fund, per-investor pricing that climbs as you grow. A custom build has a fixed price.
When the data is trapped
Your books, your investors, your history, on infrastructure you control, with documented exports.
When the workflow is yours
NAV methodology, waterfall logic, and reporting formats the platform's model can't express.
Bottom line
Keep the platform while it fits. Build when the fit, the price, or the exit breaks.
04 How we work
Two to three weeks working with your team to map your fund structures, valuation methodology, fee/waterfall logic, investor onboarding process, and regulatory reporting requirements across the jurisdictions you operate in. This surfaces requirements that would cause rework if discovered mid-build. The risk this retires: the waterfall logic nobody documented until it broke the NAV.
We design the NAV engine, the multi-fund/multi-currency data model, and the economic substance and regulatory reporting logic for your jurisdictions. Investor onboarding and KYC/AML workflows are designed alongside the cap table structure, not as a separate system. The risk this retires: the parallel system that drifts out of sync with the books.
You review working software at each sprint, not wireframes. NAV calculation, investor onboarding, and reporting components are built and tested incrementally, so calculation-logic issues surface early. The risk this retires: the NAV error discovered at audit instead of in sprint three.
The platform runs against real fund data in parallel with your existing process, so your team can validate NAV accuracy and reporting output before cutover. Then we support the transition off spreadsheets and legacy tools. The risk this retires: the migration where the numbers don't agree and nobody knows why.
Trusted by
05 Track record
08 Why us
09 Questions
Fund administration software automates the core operational work of administering investment funds: NAV calculation and reporting, investor onboarding and KYC/AML, capital call and distribution management for PE/VC structures, and regulatory filings including economic substance reporting for offshore-domiciled entities.
Yes. NAV calculation - valuing fund assets, applying fee and waterfall structures, and producing a defensible, auditable NAV on a daily, monthly, or quarterly cycle - is the core of most requests we get in this space. We scope your specific valuation methodology during discovery.
Yes. Investor onboarding - subscription document collection, accredited investor verification, and KYC/AML checks - is commonly built as part of the same system rather than a separate parallel process, so investor data flows straight into the cap table.
Yes. Tracking each LP's committed, called, and distributed capital across multiple funds and vintages, and generating capital call and distribution notices, is a common requirement. We scope the waterfall and carried-interest logic during discovery.
A single-purpose tool covering NAV calculation and investor reporting typically takes 14-20 weeks and runs $55K to $110K. A full platform with capital call management, economic substance reporting, and an investor portal takes 20-30 weeks and runs $150K to $350K. We scope a fixed cost after discovery, before any development starts.
Yes. Offshore-domiciled entities in jurisdictions like the Cayman Islands and BVI are required to file economic substance reports. We build the data collection and filing-preparation workflow around your specific jurisdiction's requirements, scoped with your compliance team.
Yes. We build the data model around multi-fund, multi-currency, multi-share-class administration from the start, not a single-fund system stretched to fit.
Yes. A portal where investors view their position, NAV history, capital account statements, and documents under your own brand is a common addition once the core administration platform is in place.
That fear keeps most administrators on systems they've outgrown: when your data is hard to extract, you're harder to leave. We treat the migration as a first-class deliverable. Historical NAVs, investor records, capital accounts, and documents are ported with reconciliation against your existing system. The new platform runs in parallel with the old one until the numbers agree, then we cut over. The cost of staying is ongoing and cumulative; the cost of moving is a project with an end date.
Fund administration software development
NAV calculation, investor onboarding, capital calls, economic substance reporting
Fintech software development
ledgers, payments, and financial compliance software
WealthTech software development
portfolio management, advisor tools, and wealth platforms
Family office software development
multi-custodian aggregation, reporting, entity tracking
Fintech software development services
custom fintech platforms, discovery through delivery
Custom software development
fixed-cost custom builds, discovery through delivery
Tell us how you calculate NAV and administer investors today, and where the gaps are. We'll tell you how we'd approach it.
