53 Peaks is an independent fund administrator for private equity, venture capital, and hedge funds — CPA-led, on a platform we built ourselves. We run your capital calls, distributions, NAV, and investor reporting, with every number tied to a double-entry general ledger.
Private Equity · Venture Capital · Hedge Funds — Multi-Class, Master-Feeder & Multi-Currency structures
A subscription, a call, a trade, a bank feed — each event posts to the general ledger as it lands, then flows to every report untouched. No re‑keying. No spreadsheet drift.
The general ledger itself — not a mockup. Every entry posts balanced or the database refuses it; trades, bills, distributions, and fee accruals post on their own. Debits = Credits, enforced
Everything the back office needs — investors, NAV, payments — as modules on a single general ledger.
Digital subscriptions, KYC/AML verification, and a live cap table. Investors complete onboarding and sign subscription documents in their own portal — no email attachments.
We issue pro-rata capital calls and distributions. Notices go out automatically, funding is tracked to each LP, and the waterfall and books update the moment cash moves.
A double-entry general ledger with period locks and automated fee and carry accruals. NAV strikes straight from the ledger and produces an auditor-ready pack every period.
We prepare bank-ready ACH (NACHA) and wire (ISO 20022) files from your fund data; you review and release them in your own bank. Your bank moves the money — we never touch it.
We monitor bank and brokerage balances via Plaid, Coinbase, and on-chain wallets. Released payments are matched to the bank feed automatically, so cash ties out before NAV is struck.
LPs see their commitments, units, and statements in a self-service portal. Auditors and tax preparers get scoped, read-only access to the financials.
We set up your fund once; every downstream number flows from the same ledger.
We configure the structure, terms, fees, and chart of accounts. The institutional fund chart is pre-built, so the books balance from day one.
LPs subscribe, verify, and sign in their own portal. Commitments populate the cap table automatically.
Capital calls, distributions, trades, and bank feeds — every event posts to the books as it happens.
NAV is computed straight from the general ledger, with fees and carry accrued and units allocated. A CPA reviews the pack before it reaches your LPs.
LPs and auditors self-serve from read-only portals. Cash reconciles against the bank feed, and the period closes clean.
Purpose-built for closed-end drawdown funds and open-end vehicles. The discipline is the same whether you hold equities, credit, crypto, or private deals.
Capital call processing, waterfall and distribution math, portfolio bookkeeping, and LP statements — drawdown funds, end to end.
Commitments and called capital, holdings tracked across rounds, and a clean, self-service window into the fund for your LPs.
Daily positions, NAV strikes, high-water-mark incentive fees, and LP reporting for long/short, multi-strategy, and quant managers — series of shares for rolling subscriptions included.
A real loan sub-ledger — facilities, day-count interest accrual, PIK, and per-loan IRR — that reconciles to the fund’s books.
Consolidated books, NAV, and treasury for complex multi-entity structures — with bank-ready payment files and an immutable audit trail.
A double-entry ledger and CPA-reviewed NAV from your first close — the rigor of an established firm, sized for a first fund.
A genuine double-entry general ledger with period locks, NAV tie-outs, FIFO tax lots, and management fees & high-water-mark carry — not a spreadsheet with a login.
53 Peaks never holds your money and is never the platform of record for payments. We prepare bank-ready payment files; you review and release them in your own bank — so payment-initiation risk stays where it belongs.
An append-only activity log enforced by the database, soft-deleted regulated records, encrypted bank and tax IDs, and read-only portals for auditors and tax preparers — controls designed for the audit.
Bank feeds, position sync, and market data flow in on their own. We connect to your banks, custodians, and providers — your data stays yours and exports cleanly.
| Capability | Status |
|---|---|
| Double-entry general ledger | Included |
| One-click NAV strike & NAV pack | Included |
| Capital calls, distributions & waterfall | Included |
| Bank-ready ACH & wire files | Included |
| Plaid bank reconciliation | Included |
| Multi-currency & period locks | Included |
| Investor, auditor & tax portals | Included |
| Append-only audit trail, DB-enforced | Included |
| One system of record | Day one |
Founder of 53 Peaks — the administrator who sets up your fund, keeps its books, strikes NAV, and answers your auditor. Accountable by name, not by ticket queue.
Founded and run by a CPA. A professional reviews the work, and you talk to the person who keeps the books.
We never hold or move fund money. Your bank releases every payment.
Each figure ties to a journal entry in an immutable log. Auditors verify — they don’t reconstruct.
Statements, ledgers, and a read API export cleanly. No lock-in, by design.
We’ll walk through the workflows that matter to your strategy and scope what your administration would look like.