When you set up entities for use with private equities, you must define a specialized price source for each entity that holds a private equity security and assign that source to the entity or master fund. You use the Private Equity Price Source (tag 18452) field for this purpose. For best practices on entity setup related to pricing with private equity, see Private Equity (PE) Best Practices V17 R2.36+.
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Follow these steps only if you use a private equity workflow for a private equity security with a processing security type (PST) of Capital Based Fund Investment (EQCBFI). |
To set up entities for use with private equity:
From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
Enter the panel name to add or change a basic accounting entity or master fund in the Start Search text box.
You can use the Create/Edit Entity panel, Create Master Fund panel, or Edit Master Fund/Sector panel. These panels are available in Portfolio Data Center and in Accounting Center.Click the link to access the panel.
Identify the entity, define the core accounting fields, and complete the fields in the panel through the Source Fields.
In the Private Equity Price Source field, specify the pricing source the system uses to price private equity for the entity.
In Eagle Accounting, you hold private equity as a single share in a fund and price it based on market value (MV). If you hold the same private equity investment across multiple funds and the funds have different commitment amounts, this pricing source allows you to value private equities with the appropriate MV rather than price all funds that hold the private equity with the same MV. The default value is Eagle PACE.Complete the remaining fields on the panel.
Save your changes.