Fund Accounting Software for Private Capital
A ledger that stays connected to the positions, valuations and capital accounts it describes.
Private capital accounting is not general ledger work with different labels. The unit that matters is the position and the investor interest in it, and the hard part is keeping the accounting view and the investment view describing the same thing.
Reuben AI keeps them on one record, so a figure in the accounts can be traced to the holding, the valuation and the event that produced it.
Positions, not just entries
Every accounting event attaches to an investment position: the acquisition, the instrument, subsequent rounds or drawdowns, income, and the eventual realisation. Cost, unrealised and realised movement are derived from that history rather than maintained as separate balances.
The result is that a question about a number does not become an archaeology exercise across a ledger and a spreadsheet.
Valuation policy applied consistently
Valuation is where private capital accounting is most often challenged, and the challenge is rarely about arithmetic. It is about whether the policy was applied consistently and who applied it.
Valuations are recorded against positions with their basis and approval trail, so the path from policy to reported figure is inspectable. Where a mark is an estimate, it is recorded as one.
Partnership allocation and investor level detail
Fund level results have to become investor level results. Allocations follow the vehicle's terms and structure, and capital accounts are maintained continuously rather than derived at reporting time.
Because reporting draws on the same allocations, the accounts, the capital account and the investor statement cannot drift apart.
Alongside your accounting stack
Most funds have an existing accounting system or an outsourced provider, and integration matters more than replacement. Which system is authoritative for which entity, and how identifiers reconcile, is agreed at the start.
That keeps the investment record and the accounting record consistent without forcing a migration nobody asked for.
See accounting connected to the portfolio
Book a demo and trace a reported figure back to the position it came from.