You can use transactions with private equity for pending trades, booking trades, and cancelling and rebooking trades.
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Use Pending Trades with Private Equity
WRITERS NOTE: planned for v17.2.37 with https://eagleinvsys.atlassian.net/browse/SDP-61235
You can use pending trades for private equity securities based on a processing security type of Capital based Fund Investment (EQCBFI). Capital based fund investment transactions allow the following event types to use the pending trades functionality: LPOPEN, LPCLOSE, LPCOMMIT, LPCAP, LPCASH, and LPCALL. If you track pending trade activity, be aware that you can set up pending trade rules that determine how the system handles automated and manual trade cancellations within the pending trades workflow. For general information about pending trades, see Manage Pending Trades.
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Panel Name | Event | Private Equity TaskTransaction Name |
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Initial FundFunding | LPOPEN | Make Initial Commitment. You can specify the total commitment amount for a private equity fund. |
Additional FundingCommitment Adjustment/Capital Call | LPCOMMIT | Adjust Additional Commitment. After you book the initial position, you can change the total commitment with an additional commitment. |
Additional FundingCommitment Adjustment/Capital Call | LPCALL | Process Capital Call. You can process a capital call (funding of the commitment), which may include both capital investments and fees that impact the funded and unfunded commitments. A capital call increases the funded commitment and decreases the unfunded commitment. |
Capitalization/Cash Entry/Final Close | LPCAP | Process Cash Distribution. You can process a cash distribution from a private equity fund and can break out the distribution between income, expense, and cost. There are two types of cash distributions:
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Capitalization/Cash Entry/Final Close | LPCASH | Process Capitalization. You can process capitalization to recognize income and/or expenses. This also adjusts the cost of the private equity position. These transactions hit LP Income and LP Expense, but they do not generate cash or affect the funded and unfunded commitments. |
Capitalization/Cash Entry/Final Close | LPCLOSE | Close Out Position. You can close out a position in a private equity fund. You can break out any cash associated with the close between income, expense, and cost. |
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You can use the Cancel Capital or Share based Fund Investments panel to cancel a single trade for a private equity fund and you can use the Batch Cancel Trade panel to cancel multiple trades for a private equity fund. For more information, see .
WRITERS NOTE: insert XREF