qashqade provides a modular platform that automates fee and waterfall calculations for private funds, ensuring accurate and up-to-date reporting while eliminating manual spreadsheet errors. This technology enhances transparency and trust among general partners, limited partners, and beneficiaries by offering a single point of truth for complex financial distributions.
Funding
$2.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Private funds often rely on manual processes and spreadsheets for fee and waterfall calculations, which can lead to errors, inconsistencies, and a lack of transparency in financial reporting. Disagreements over Limited Partnership Agreement (LPA) interpretations and data mistrust among stakeholders further complicate the distribution process.
Solution
qashqade offers a modular platform designed to automate and streamline fee calculations, waterfall modeling, and reporting for private funds. The platform replaces error-prone spreadsheets with a centralized, SOC II certified system that ensures accuracy and transparency in complex financial distributions. By providing a single source of truth for distribution terms, qashqade enhances communication and trust between general partners (GPs), limited partners (LPs), and other beneficiaries. The system supports even the most complex waterfall calculations through step-logic LPA modeling, eliminating human error and improving management oversight.
Target Audience
qashqade primarily serves private fund managers, fund administrators, investors (LPs), and advisors/law firms involved in private market investments.
Features
- Automated waterfall calculations for management and performance fees, considering LP or deal-specific rules
- GP incentives allocation module for carried interest calculations, clawback tracking, and performance monitoring
- LPA validation tools to implement and validate performance and management fees, with insights into commitments and unfunded amounts
- Cap table management for an overview of ownership structures and investment values, with scenario modeling capabilities
- Reporting module for generating accurate and up-to-date reports for stakeholders
- Stakeholder portal for secure communication and access to distribution information
- KPI targeting module for performance monitoring
- Data exchange capabilities for seamless integration with other systems