Vessel Fund Admin
Institutionalize all your fund operations on one data foundation.
AI-native fund administration for VC and PE funds — ledger, capital accounts, bank feeds, period close, financial statements and document collection, all in one place.
Fund accounting, built for venture capital and private equity.
One authoritative ledger per fund — trial balance, journal entries, investment schedule, chart of accounts, bank transactions and backups — feeding every LP's capital account.
Capital accounts for every LP
Opening to closing NAV per investor — contributions, distributions, expenses, unrealized G/L and carry, straight from the ledger.
Bank feeds into the ledger
Connect U.S. and Canadian bank accounts. Transactions flow in and match to journal entries on your chart of accounts.
Close and lock periods
Set a monthly cadence and lock each period once every entry is posted — so the trial balance stays fixed.
Invoices, captured
Drop in a vendor invoice — vendor, date, amount and account are extracted into a draft journal entry for review.
Double-entry, fully auditable
Create or import journal entries, preview non-posted impact, and export the trial balance anytime — with backups built in.
Financial statements
Financial statements, straight from the ledger.
A Statements page in Fund administration: balance sheet, income statement, changes in partners' capital and cash flows for any period. Every line drills down to its accounts and journal entries.
→ Trial balance with drill-downs
→ Investment schedule as a roll-forward
→ All LP capital account statements in one export
Migration
Switch fund administrators without starting over.
Bring your history over from your current administrator — trial balances, capital account statements, audited financials and LPAs. Our team maps it to your chart of accounts and runs a parallel quarter alongside your existing books, so you switch once the numbers tie.
→ Opening balances imported from your current admin
→ A parallel run until the numbers tie
→ A checklist of what's needed — and what's left
Side letters
LP side letter requests, handled at no extra charge.
Custom reporting, fee offsets, excused investments, MFN elections — every side letter term is tracked against the LP it belongs to and applied at each close. Our team takes care of the requests as part of the service, not as a billable extra.
→ Side letter terms tracked per LP
→ Custom reports and data requests included
→ No per-request fees, ever
Our team
A team that has been in your shoes — and your LPs' shoes.
Vessel's fund admin team brings more than 50 years of combined experience, earned directly inside the organizations below.
Customers
Trusted by the teams behind the funds.
FAQ
Fund administration questions, answered.
Vessel Fund Admin is AI-native fund administration for venture capital and private equity funds. Your fund's ledger, capital accounts, bank feeds, period close and financial statements run on the same platform your LPs already use for reporting, so what LPs see always matches the books.
Both. You get the platform, and Vessel's fund admin team runs the work with you: migration, period close, LP side letter requests and custom reporting are handled by our team as part of the service.
We bring your history over from your current administrator — trial balances, capital account statements, audited financials and LPAs. Our team maps it to your chart of accounts and runs a parallel quarter alongside your existing books, so you switch once the numbers tie.
Yes. Custom reporting, fee offsets, excused investments and MFN elections are tracked per LP and applied at each close. Requests are handled as part of the service, with no per-request fees.
Balance sheet, income statement, changes in partners' capital and cash flows for any period, plus the trial balance with drill-downs, the investment schedule as a roll-forward, and all LP capital account statements in one export.
U.S. and Canadian bank accounts. Transactions flow into the ledger and match to journal entries on your chart of accounts.
AI handles the repetitive work — for example, a vendor invoice is read and turned into a draft journal entry — while every entry is reviewed by a person before it is posted. Double-entry, auditable, with a human in the loop.
Focus on investing and relationships. Vessel takes care of the rest.
We'll walk you through the ledger, capital accounts and period close — and plan your migration with you.