Process a Cash Distribution for Private Equity

In the Capitalization/Cash Entry/Final Close panel, you can process a cash distribution from a private equity fund. There are two types of cash distributions:

Recallable. Cash is paid out to limited partners (LPs), but can be either fully or partially recalled by the general partner (GP) at a later date. This decreases the funded commitment and increases the unfunded commitment.
Non-Recallable. Cash is paid out to LPs permanently. This does not affect the funded commitment or unfunded commitment.

This LPCASH event is part of the Capital Based Fund Investment workflow when you set up a private equity security with a processing security type of Capital Based Fund Investment (EQCBFI).

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Process a Cash Distribution

You can process a cash distribution for a private equity fund.

To book a cash distribution for private equity using the Book Trade tool:

In Accounting Center, in the left navigation pane, click Transactions > Trades > Book Trade/Rebook Trade > Book Trade.
You see the Book Trade workspace.
Complete the options in the Search Details pane and click Search.
You see the search results based on the criteria you selected.
Select the row with the private equity security with holdings you want to update.
On the Book Trade tab, in the Actions group, click Action Rules, point to Other, and then click Capitalization/Cash Entry/Final Close.
You see the Capitalization/Cash Entry/Final Close panel.
In the Entity Information section and the Issue Information section, identify the entity and security for the private equity position that you want to update.
Under Capitalization/Cash/Close Information, set Transaction Name to Cash.
Complete the remaining options on the Additional Funding/Capital Call panel.
Click Submit to process the cash distribution.

Process a Cash Distribution for Private Equity

Process a Cash Distribution

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