Reconcile:

PCAP Reconciliation

Fund Recs automates PCAP (Partner Capital Account) reconciliations, ensuring accuracy across fund accounting, administrator, and investor records. The platform standardises data, applies rule-based matching, and highlights discrepancies instantly - giving your team full control and confidence over capital balances and movements.

For the Analysts

Automated matching across data sources
Reconcile PCAP files between administrators, fund accountants, and internal systems - all within a single workflow.

Flexible matching logic
Configure rules for capital calls, distributions, income allocations, and valuations to focus on material breaks.

Support for complex fund structures
Handle multi-class funds, feeder structures, and complex investor hierarchies with precision.

For Stakeholders & Oversight

Exception dashboards
Gain real-time visibility of unmatched balances or movements. Filter by fund, investor, or period and track resolution.

Audit-ready reporting
Generate oversight reports automatically with full transparency and a complete audit trail.

How It Works

Data ingestion and normalisation
Fund Recs ingests PCAP data from multiple sources - spreadsheets, PDFs, or system exports - and standardises it for comparison.

Rule-based reconciliation
Match partner capital balances, income allocations, and transactions across sources. Any variances are flagged instantly.

Break management
Assign and resolve breaks directly in the platform with comments, notes, and full traceability.

Scalable and efficient
Automate reconciliations across multiple funds and reporting periods, delivering faster sign-offs and consistent accuracy.

Why PCAP Reconciliation Matters

Accurate PCAP reconciliation is critical for investor reporting, audit readiness, and regulatory compliance. Small mismatches in capital balances, income, or distributions can cause reporting delays and undermine investor confidence. Fund Recs automates this process, reducing manual effort, improving transparency, and ensuring every investor’s capital position is correct and verifiable.

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PCAP Reconciliation

Accurate, Automated Swap Reconciliation

Fund Recs automates swap reconciliation from end to end. The platform connects to all relevant data sources, standardises files, and applies configurable matching logic across notional values, rates, currencies, and payment legs. Breaks are flagged instantly, and exception dashboards provide full transparency for quick resolution. With automated reporting and audit trails, Fund Recs gives teams complete oversight and confidence in every derivative position.

Problem

The Swap Reconciliation Challenge

PCAP (Partner Capital Account) reconciliation is complex and time-consuming. Data from administrators, fund accountants, and investor systems often arrives in different formats and with inconsistent calculations. Balances, income allocations, and capital movements must align precisely, but manual checking through spreadsheets leaves room for error. As funds scale and investor structures grow, maintaining accuracy, timeliness, and transparency across all accounts becomes increasingly difficult.

Solution

How Fund Recs Helps

Fund Recs automates PCAP reconciliation end to end. The platform ingests and standardises data from every source, applies configurable matching rules, and flags discrepancies instantly across balances, contributions, and distributions. Exception dashboards provide real-time visibility, while automated reporting creates a clear audit trail for oversight teams. With Fund Recs, teams can complete reconciliations faster, reduce manual work, and gain full confidence in every partner capital balance.

Benefits

Why It Matters

Accurate PCAP reconciliation is essential for fair investor reporting and regulatory compliance. Even small inconsistencies in capital accounts can lead to audit findings, investor queries, and reputational risk. Automating this process with Fund Recs ensures data integrity, speeds up reviews, and builds trust by delivering complete, transparent, and verifiable capital account information across every fund.

Statement Confidence

Gain complete confidence that accurate PCAP statements are shared with investors.

Exception Based Review

Frees teams to focus on investigation, not data matching

Audit-Ready Evidence Packs

Strengthen audit readiness with evidence packs - reconciliations, exceptions, approvals.

Any Data Source, Any Format

Scales easily across multiple funds, systems, and providers

See Fund Recs in Action

Explore how our PCAP Recs gives teams the confidence and time to focus on investigation rather than data matching.

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