Funds, SPVs & LP reporting

Tenacap models two sides of the table. The company side is the issuer’s cap table. The fund side is the GP’s view: a portfolio of investments across many companies, each held as a position. Funds live in the same workspace as your companies — find them under Funds in the nav.

Create a fund

From Funds → New fund, give it a name and kind (venture fund, SPV, angel fund, or syndicate). You can record committed capital, vintage year, and management-fee and carry rates now or in Settings later. Creating or editing a fund needs the EDITOR or ADMIN role.

Add positions

A position is one holding in one company. Add the amount invested, the date, and optionally the security type, share class, quantity, and ownership %. You can link an on-platform company (one whose cap table is already on Tenacap) or name an off-platform one.

Marks & exits

A mark is your current value for a position. Record a new mark whenever the value changes (a markup at the next round, a write-down); every mark is kept as history, so you can see value over time and the IRR reflects it. When a position pays out, record an exit with the proceeds and date — or mark it a total write-off. Exited positions move from residual value into realized distributions.

Performance metrics

The fund dashboard rolls every position up into the standard fund metrics:

• MOIC / TVPI — total value (current marks + realized) ÷ invested.
• DPI — realized distributions ÷ invested.
• RVPI — current (residual) value ÷ invested.
• IRR — the money-weighted annualized return over your dated cashflows.

Capital calls & distributions

For SPVs, you can call capital from LPs against their commitments and record distributions on an exit. Tenacap splits each event per LP (by commitment or units), withholds carry on the gain over returned capital, and generates the documents: a per-LP capital-call notice, a wiring-instructions PDF, and distribution notices. Mark each LP funded as their wire lands.

Before issuing a call, Preview allocation shows the exact per-LP split — each LP’s committed, remaining uncalled, and this call’s amount — so you can confirm the math (and catch an over-call) before anything is recorded.

LP reporting

On the LPs tab you’ll see each LP’s capital account — committed, called, distributed, their share of the current NAV, and DPI/TVPI — plus a K-1 data CSV with the figures your accountant needs (we produce the data; filing the K-1 stays with the LP). Each LP sees their own capital account through the stakeholder portal, alongside their units — never another LP’s numbers.

From the portal, an LP can download their capital-account statement as a branded PDF or CSV. The statement adds a year-to-date roll-forward — beginning contributed capital, contributions and distributions during the period, and ending balance — on top of the point-in-time figures. By default a statement shows only that LP’s own numbers; in fund Settings you can opt in to also show fund-level context (fund NAV and fund DPI/TVPI) on every LP’s statement.