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Committed Capital Securities
Clients who have agreed to provide capital to a venture capital fund will generally need to make contributions over a specified time period to satisfy the terms of the agreement. You can track the payment information in Tamarac Reporting on the Committed Capital report.
To track the progress of contributions, you can enter the call dates for the committed capital. After the capital is called and you record the transaction in a manual security snapshot, Tamarac Reporting will look back 10 days for a corresponding transaction from the funding account. The "look back" for the corresponding transaction will allow you to keep the account value intact while cash is in transit between the brokerage account and the private security.
Tracking committed capital requires some setup before the securities appear on the Committed Capital report. This page provides the workflow steps to create and track committed capital securities.
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1. |
Create a committed capital manual security to track the position. |
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Assign a Committed Capital Security to an Account > Add the manual security to the account holding that position. Note that the security search in the account only returns results for manual securities with Treat as committed capital security selected. If you don't see the manual security you created, confirm that you selected Treat as committed capital security. |
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Create a Manual Security Snapshot > Record security transactions, including capital calls and fund distributions. |
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In Sync data from the last ___ day choose 0 to run a zero-day sync from the portfolio accounting system. This incorporates the manual security snapshot transactions into Tamarac Reporting. |
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Run the Committed Capital Report > Generate a Committed Capital report for the account or group to see the position, its current committed capital, capital called, remaining capital, value, distributions, and more. The Committed Capital report runs from the account inception to the report as-of date. If you don't see the manual security snapshot data, check the as-of date to make sure it's within the report date range. |
For more information, see:
