Private Credit

This is Manco Administration for Private Equity, part of Fund Administration and Carta's ERP for Private Capital. This is your firm's command center. Here, you can see your current cash position, quarterly cash flow, and how much cash is available from other entities. Manage payments to vendors with native bill pay, including built in expense allocations to track reimbursable balances from other entities.

Event based accounting creates the due from journals on the management company and due tos on the corresponding entities. As other entities accumulate intercompany charges with the management company, you can see them in the Intercompany Balances tab. To clear balances, initiate all the transfers from the same flow no bank wires to manage or journal entries to create. With Carta's Manco administration, you can also plan for the future.

The integrated budgeting engine is connected to your firm's general ledger, learning from your spend patterns. Generate your budget in seconds based on the management fee structure in your LPAs and your historical spend patterns, compare to actuals, make edits in line, and track version history. You can even see quarterly or monthly forecasts of your cash position to get ahead of potential shortfalls or surpluses. Only Carta's ERP connects management company and fund accounting, giving fund CFOs a full command center for running more strategic firm operations.