For AIF Managers

Form 64C ready.
LP portal trusted.

SEBI-grounded fund administration for Indian AIFs — Category I, II, and III, from first close to final distribution.

What we hear

Six things that eat your quarter-close.

LP onboarding never gets faster

KYC under PMLA, accreditation under AIF Regulation 13 (₹1cr commitment / net-worth tests), side-letter management for every LP who negotiated bespoke terms. Kapitalyze runs the onboarding workflow end-to-end with KYC vendors integrated and side-letter clauses indexed against your fund's standard terms.

Show me how

Capital call ops are still in spreadsheets

Prorate by commitment, deal with the LP who wired late, chase the one who defaulted, NACH for Indian LPs vs wire for foreign — and reconcile every leg by Wednesday. Kapitalyze runs the full capital call lifecycle: notice, instruction per LP, reconciliation, default tracker.

NAV computation, LP-impatient

Monthly for Cat-III funds, quarterly for Cat-I and II — and the LP wants the statement the day after close. Kapitalyze runs NAV from portfolio valuations (held-at-cost vs FMV by IPEV) to fund-level NAV to LP-level capital account, with the LP-statement out the door the same day.

Distribution waterfall, side-letter-aware

European vs American, hurdle catch-up, GP carry, and the three LPs who negotiated a lower carry split in the side letter. Kapitalyze models the waterfall with side-letter overrides baked in, runs the exit, and produces LP-by-LP distribution statements.

Form 64A / 64B / 64C deadlines

Cat-I/II investor-wise income breakdown by 30 November, Cat-III by 30 June, certificate to each investor — and Section 271FAA penalties of ₹500/day per default if you miss. Kapitalyze generates 64A/B/C from the waterfall and tax computation, certificate-ready by the deadline.

LP reporting cadence drifts

PCAP every quarter, capital account statement, MIS, side-letter-specific reports for the institutional LPs — and somewhere along the way the template diverges from your fund admin's version. Kapitalyze publishes LP reports per LP per cadence with a single template under control.

Workflows

Five rituals,
every fund, every quarter.

01

Capital call lifecycle

Issue the call notice from commitments, Kapitalyze prorates against each LP's unfunded, generates wire/NACH instructions per LP, runs the reconciliation against bank receipts, flags defaults, and lands the entries in the GL. The full cycle from notice to GL posting on one timeline.

02

NAV closing

Portfolio company valuations (held-at-cost or fair-value per IPEV guidelines), fund-level NAV roll-up with management fee accrual and carry attribution, LP-level capital account update, currency translation where applicable, and PCAP generation. The full quarter-close NAV machine.

03

Distribution waterfall modelling

Model the exit before you call it. European waterfall by default, switchable to American (deal-by-deal), with hurdle catch-up, GP carry, and side-letter overrides for LPs who negotiated bespoke terms. Run the model, share with LPs in their portal, lock the waterfall when the exit closes.

04

LP reporting cadence

PCAP, capital account statement, MIS, side-letter-specific reports for the institutional LPs — auto-published per LP per cadence to their portal, with read receipts. One template under your control, no template drift between your fund admin and your investor relations team.

05

SEBI Form 64A/B/C

Investor-wise income breakdown computed from the waterfall and tax classification, Form 64A/B/C generated to SEBI's exact spec, certificate generated for each investor, and a filing-ready pack assembled before the 30 June (Cat-III) / 30 November (Cat-I/II) deadlines.

Capital call to GL post should be a workflow, not a three-day spreadsheet relay. Issue the call, reconcile the receipt, post to ledger, and let Form 64C generate itself from the waterfall.

Questions GPs ask

Straight answers.

Does it generate Form 64A / 64B / 64C?+

Yes. Form 64A (Cat-I), 64B (Cat-II), and 64C (Cat-III) generated from the underlying waterfall and tax classification of each distribution. Investor-wise income breakdown to SEBI's exact spec, certificate generated per investor, filing-ready packs assembled before the 30 June / 30 November deadlines.

Can I model side letters and bespoke LP terms?+

Yes. Side-letter clauses are indexed against the fund's standard terms and applied as overrides in capital calls, waterfall, and LP statements. A lower carry split, a fee discount, a no-fault divorce right — each clause is rule-coded and audited.

European waterfall by default — can I switch to American?+

Yes. European (whole-fund) is the default for Indian Cat-I and II AIFs. Switch to American (deal-by-deal) at the fund level if the PPM allows, or run both side by side for scenario modelling. Hurdle catch-up rules and GP-clawback math are configurable per fund.

How does it handle the Cat-III SEBI quarterly NAV requirement?+

Cat-III funds get the quarterly NAV publication workflow: portfolio valuation roll-up (mark-to-market for listed, IPEV for unlisted), fund-level NAV with management-fee and performance-fee accruals, LP-level capital account update, and the quarterly SEBI reporting pack. NAV publication to the LP portal on T+1.

What about FATCA / CRS reporting for foreign LPs?+

FATCA Form 8966 and CRS XML reporting are supported for foreign LPs with US or other CRS-participating jurisdictional indicia. Self-certification collected at onboarding, classification persisted, annual reporting packs generated for direct filing or for handoff to your fund admin.

Does the LP portal support DPDP-Act-compliant data access for Indian LPs?+

Yes. Indian LPs get full DPDP-Act-compliant data access rights — copy of personal data on demand, consent management, withdrawal of consent, grievance redressal officer routing. Audit log on every data access. Foreign LPs covered under their relevant frameworks (GDPR, CCPA).

First close to
final distribution. One platform.

Bring your PPM, your commitment register, and your last quarter's waterfall. We onboard the fund in the trial and you decide.