Fund Administration Tool
Multi-Close Rebalancing & Equalization Calculator
When investors join a fund at later closes, historic capital calls, fees and distributions have to be re-cut across the enlarged commitment pool. This tool models that rebalancing — and the equalization interest that goes with it — across three closes.
ILM Fund Accounting
Step 1
Global Inputs
Fund-level assumptions applied across every closing group.
Step 2
Investors by Close
Add each investor to the closing group they entered the fund in.
First Close
Original investors at the first closing.
Total 0.00
Second Close
New investors joining at the second closing.
Total 0.00
Third Close
New investors joining at the third closing.
Total 0.00
Learn the mechanics
Equalization and rebalancing, taught end to end.
This calculator mirrors one module of the Private Equity Fund Accounting program. Work through waterfall, carried interest, NAV packs and the full fund lifecycle with Sami Owais.