Nexus Applications
Nexus Investec
Fund administration and accounting for private equity, private debt, real estate and infrastructure. Capital calls, distributions, the waterfall, NAV and LP reporting — held as one set of books rather than a folder of spreadsheets that agree only until someone asks.
What it replaces
Most managers run the fund on a general ledger that does not understand commitments, a waterfall in a spreadsheet only one person can open, an allocation model that rounds away from the amount actually called, and an LP reporting pack rebuilt by hand every quarter. Nexus Investec holds all four as one record, so a capital account, a carry number and an IRR are read from the books rather than reconstructed for the audit.
Capabilities
Waterfall & carried interest
A four-tier distribution waterfall — return of capital, preferred return, GP catch-up and residual split — European whole-fund or American deal-by-deal, with clawback capped at carry net of tax. Every run shows the arithmetic tier by tier, and is previewed before an LP notice is ever sent.
Capital calls & distributions
Drawdowns allocated pro-rata on uncalled commitment, with the rounding remainder placed so the total called is exact to the penny. Purpose split across investment, fees and expenses; receipts matched per investor; notices generated.
Fund accounting
Double-entry books per fund on an alternative-investment chart of accounts. Nothing is a bare number: a call, a receipt, a fee, a mark and a distribution each post a balanced journal, and the trial balance is there to prove it.
NAV & capital accounts
NAV from investments at fair value plus cash and receivables, reported gross and net of accrued carry. Per-investor capital accounts that reconcile — opening, contributions, distributions, allocated income and closing.
Performance that survives audit
IRR, TVPI, DPI, RVPI and MOIC at fund and investor level. Money-weighted IRR on dated cashflows with residual value carried at the valuation date — not at the last cashflow, which is how a fund quietly reports a return it did not earn.
Management fees
The basis moves from committed to invested capital when the investment period ends, step-downs apply on their date, and offsets reduce the fee without ever creating a credit. Calculated, shown, then posted.
Deals through Investment Committee
Pipeline from origination to close with a diligence checklist created on day one. IC memos, one member one vote, quorum enforced, conflicts recorded and excluded from the count. A deal cannot reach documentation without an approved decision.
Portfolio monitoring
Revenue, EBITDA, cash and leverage per company, actual against budget, with growth and margin trend across the whole portfolio on one screen.
Credit & covenants
For private debt: facilities, margins, PIK and maturities, with leverage, interest cover, DSCR and LTV tested against the borrower's reported figures. Headroom is shown before a breach, and a breach moves the facility rather than filing a note.
Investor portal
LPs sign in to their own commitments, capital account, notices and documents — and only their own. The portal session cannot reach the manager's system at all.
Fundraising
Prospect pipeline by stage with probability-weighted totals against target, so the gap to a close is a number rather than a feeling.
Integrated, not bolted on
Shares the ledger discipline of Nexus ERP, documents with the wider platform, and licensing with the HYPERSYS control plane — one estate, one standard.
Built for the whole firm
- Front office — deal teams work the pipeline, upload diligence, submit the memo and take the IC decision in one place.
- Middle office — portfolio and credit teams monitor KPIs, marks, covenants and concentration without waiting for a pack to be built.
- Back office — fund accountants call capital, post the books, run NAV, calculate fees and carry, and close the period.
- Investor relations — commitments, notices, statements and the portal, with every LP interaction on the record.
- Executive — AUM, dry powder, fund performance and exposure across every vehicle and strategy on a single dashboard.
Every strategy, one platform
The economics differ by strategy and the system is built for that, not adapted to it.
- Private equity — buyout and growth, whole-fund waterfall, portfolio value creation and exit tracking.
- Private debt — unitranche, senior and mezzanine facilities, PIK, OID, covenant testing and borrower surveillance.
- Real estate — asset-level performance, LTV, and distributions from rental income as well as disposal.
- Infrastructure — long-dated funds, staged commitments and the reporting horizon that comes with them.
The numbers are tested, not asserted
The fund economics sit in their own engine with a known-answer test suite behind them — XIRR against published results, waterfalls that balance to the distributable amount, allocations that sum exactly, and preferred return accrued period by period on capital actually outstanding. If a figure cannot be reconciled, the system says so rather than publishing something plausible.