Fund operations that run themselves
— with you in the loop.
Sub-docs, distributions, and K-1s as one continuous data model. AI agents draft the work; you approve every money-touching step. K-1 season goes from six weeks to six days.
The problem
Why emerging fund managers outgrow spreadsheets
You closed your third deal last year. K-1 season nearly broke you. Here's the math on why.
Sub-doc data is re-keyed three times
Investor fills a PDF. You rekey it into Excel. Your fund admin rekeys it into their system. Your CPA rekeys it into tax software. Four versions, four places it can drift.
K-1 season is six weeks of chaos
Your CPA delivers 1065s in March. You match them to investors by name and SSN, discover three mismatches, re-run distributions, then email 200 K-1s one at a time. You repeat for every fund.
Waterfalls break when a formula slips
Multi-class pref, catch-up, carried interest — all living in one brittle Excel file. One bad reference and you've under-distributed to your Class A investors. Your lawyer is not pleased.
The solution
Seven AI agents. One approval queue. Zero surprises.
FundClose ships seven fund-ops agents, each scoped to a specific back-office workflow. Agents draft; you approve. Every money-touching step routes through a human gate modeled in a state machine — not a disclaimer, not a toggle, architecture.
Pulls context from prior sub-docs, 1065s, cap accounts. Produces a proposal with citations.
Side-by-side diff against the source document. Accept, edit, or reject with a comment.
Only on approval. Full audit trail, versioned, emitted to your event log and MCP tools.
Platform
Everything your back office needs
Six products, one data model. What happens in the sub-doc flows to the K-1.
Deal Rooms & Capital Raise
PPM hosting, soft-commit collection, accreditation capture, investor pipeline. Close tracking from LOI to wire.
Learn more →Sub-Docs with Entity Routing
Upload your counsel's template once. Conditional fields per entity type. IRA/SDIRA flows route to the right custodian.
Learn more →Distributions with Waterfall
Preferred return (multi-class, compounding), IRR, return of capital, catch-up, management fee. Five day-count conventions. DRIP supported.
Learn more →K-1 Pipeline
Bulk .zip ingest, fuzzy-name + SSN/EIN matching, per-batch review queue, one-click portal delivery. No more mail-merge.
Learn more →Investor Portal
Branded under your GP. Position detail, distribution history, K-1 access, banking settings. Mobile-first.
Learn more →Compliance & KYC/AML
OFAC screening, accreditation refresh cadence, custodian-package tracking, audit trail on every state change.
Learn more →Trusted by emerging managers raising their second, fifth, and fifteenth fund
We moved off InvestNext in six weeks. K-1 season went from a month of spreadsheet triage to three review sessions. The approval queue is how fund ops should work.
Sarah Chen
Managing Partner, Storage Fund III · $42M AUM
Compare
How we stack up
The feature gap isn't capabilities — it's whether they're woven into the data model or bolted on.
| FundClose | InvestNext | Juniper Square | Spreadsheets | |
|---|---|---|---|---|
| AI-assisted K-1 prep (1065 → investor) | Partial | |||
| Waterfall engine (multi-class pref, catch-up) | Partial | |||
| Native e-signature (no DocuSign add-on) | Partial | |||
| Custodian-aware IRA/SDIRA flow | Partial | Partial | ||
| Agentic API (MCP for customer-owned AI) | ||||
| Transparent starter pricing | ||||
| Built for $10M–$500M emerging managers |
Based on publicly available documentation as of October 2026. Competitors: InvestNext help center (226 articles surveyed), Juniper Square product pages, spreadsheet-native operations.
See your first K-1 generated in minutes.
Bring a 1065 and a subscription document. We'll walk you through what a matched batch, a recalculated waterfall, and a portal-delivered K-1 look like in your data.