Every break caught early,
decision priced,
and vehicle on the same controls.
FundCycle compares the book of record with your own, ranks what is material against your tolerance, and prices what it does to cash. Your team decides.
Purpose-built for interval funds
One stale price, caught this morning.
Administrator book against the manager's own · NAV $160M · Jun 30, 2026
$864,000
one loan mismarked · 87% of the $988,000 unreconciled · 108× your $8,000 tolerance
Sources · all in by 08:14
Traced to · Valuations
Marks file · Jun 30
$9.6M par
89.50
Prior month's file
89.50
Manager's committee mark
98.50
likely source fault · third window on this feed
1,284 checks ran today · 41 exceptions in 4 groups
Raised 07:12, before the NAV is struck
Tolerance $8,000 · half a bp of NAV · your number, per vehicle
Routed to loan support · due before the 9:30 handoff · named approver stays with the break
Ranked for review
Triage
38 of 41 exceptions, one cause
Left open, a stale mark prices the fund and investors transact at the wrong number.
Cash under the board buffer, at the September close.
Administrator NAV Jun 30, 2026 · $160M · window closes Aug 28 · six feeds in by 08:14
$1.8M
gap to the $6.0M board buffer · $4.2M close
Two ways to close it
Facility draw
$4,300
11 days at 8.0%
Held-back deployment
$15,800
80 days at 400 bp
Undrawn facility $12.0M · subject to eligible use · rounded to $100
Asked $9.9M · the 5% cap fills 80.6% of a 6.2% ask · $1.9M unfilled
Cash bridge
The tradeoff
Both ways priced, the call is yours
Unfilled requests cancel at the deadline; last time this fund prorated, three in four came back.
A fourth vehicle, on controls your team already wrote.
22 controls · 4 vehicles · 11 share classes
22 of 22
controls running on the fourth vehicle, day 9 · 85 of 88 platform-wide
Defined once
Proration method
Administrator reconciliation
NAV tolerance check
Daily expense cap
…and 18 more
Defined once, applied everywhereApplied everywhere
412 control runs this week · 2 for review
SMA · repurchase window n/a · expense cap waived per side letter, approved G. Ramirez
Levered Feeder · one entry above the daily expense cap, surfaced for sign-off
Platform
410 of 412 runs raised nothing
Administrator reconciliation clears two days later on the feeder than on the interval fund.
Ranked before you look
Breaks land ranked against your own tolerance; your team decides what clears.
You feel this if…
- A NAV or pricing question took days to run down.
- Hold-or-deploy calls get made on numbers you cannot trace.
React faster.
Scale without scaling the team.
Make better decisions.
Run every window with precision and control.
One governed loop runs from raw administrator files to the hold-or-deploy call.
Bring the right data together
Administrator files, shadow books, valuations, and bank & custody feeds are mapped into one governed model.
Surface what deserves attention
Breaks and anomalies become ranked exceptions as soon as sources land, not at quarter-end.
Move from break to root cause
Lineage traces every number back to source, so resolution starts from evidence instead of scratch.
Forecast against your cap and reserve
Roll cash forward through subscriptions, redemptions, and expenses, so the next window is a number you can act on instead of a guess.
Sits above your stack. Never replaces it.
FundCycle is a control layer above your administrator and systems of record. It maps and compares. It never overwrites.
There’s no rip-and-replace and no migration project. It starts with the files and extracts your team already uses today.
Your existing stack keeps doing what it does. FundCycle gives you the independent, governed picture across all of it.
One governed model
FundCycle
Maps and compares. Never overwrites.
FundCycle never acts alone.
Your team owns every rule, assumption, approval, and decision. It never posts on its own or decides how much cash to hold.
Stops at ambiguity
When a source, account, fund, or period is ambiguous, it stops and asks instead of guessing.
Proof before handoff
Every number travels with its source, timestamp, and audit trail, defensible to your auditors and the LPAC.
Signed off by real people
No model concludes a number here: every financial result comes from deterministic, inspectable computation. Agents retrieve, classify, explain, and draft. A person signs off, and no fiduciary decision is resolved silently.
Read-only by default
Administrator systems stay record-only unless your team approves a write control.
Your data stays yours
Each firm runs in its own isolated tenant. Nothing you send trains a shared model or informs another firm's mappings, thresholds, or numbers.
Questions finance teams ask first.
Plain answers to what we hear most from finance and operations leaders at semi-liquid funds. If yours isn't here, bring it to the call.
See it on
your own stack.
A 30-minute working session: bring one fund, and we'll walk the exception-to-decision loop and a live cash scenario against your real structure. No data leaves your control.