Fund administration that keeps up with an emerging manager
From Fund I to Fund III, AKRU runs the whole fund life on one platform — onboarding, SPVs and sidecars, side letters, capital calls, distributions, and K-1s — so a lean team can operate like an institutional shop without an institutional back office.
Runs alongside your stackSPVs & sidecarsSide-letter trackingK-1s that tie to the pennySEC-registered transfer agent
What you get
One platform for the whole fund
Onboarding & cap table
Investor onboarding, accreditation, and a cap table that's the single source of truth for every downstream figure.
SPVs & sidecars
Spin up SPVs, sidecars, and co-invest vehicles against the same entity graph — formation through close, managed as one record.
Side letters & terms
Track side-letter terms, MFNs, and bespoke economics so they flow correctly into allocations and distributions.
Distributions & waterfall
Carry and distribution waterfalls extracted from the LPA — computed from the same data, with nothing to reconcile.
K-1s, automated
87% of K-1 content auto-derived, multi-state support, and a $0.01 QA gate before anything ships to an LP.
LP reporting
IRR, TVPI, DPI, and quarterly investor letters generated from live data — the reporting LPs expect from a bigger shop.
The emerging-manager reality
Built for the deal that closes Thursday
Venture administration isn't one fund — it's a moving structure. A hot allocation appears and you need an SPV formed, subscribed, and closed inside a week, with the same KYC and accreditation rigor as the main fund. AKRU makes the SPV a first-class object: spin it up against the entity graph you already have, invite the LPs who already exist as verified identities, and close without rebuilding an onboarding stack per vehicle.
Side letters are where lean teams get hurt. An MFN election granted in Fund I quietly binds Fund II, and a fee break tracked in someone's memory becomes an audit finding. On AKRU, side-letter terms are recorded against the LP's position and applied mechanically in every allocation and distribution — the economics you negotiated are the economics that compute.
Capital calls run as workflows, not mail merges: notices generated from the LPA's terms, funding tracked against commitments, defaults flagged, and every LP's unfunded balance always current. And the admin economics scale down to fund one — the platform absorbs the work that headcount usually does, so a two-person GP can deliver institutional reporting without an institutional payroll, and keep the same system as Fund II and III layer on.
Proof
The numbers behind the platform
87%
of K-1 content auto-derived from the cap table
$0.01
QA gate — no K-1 ships with an allocation off by more than a cent
549
investor positions migrated onto the platform in one registrar change
Questions managers ask
Frequently asked questions
Can AKRU run SPVs and sidecars alongside the main fund?
Yes — that's the design. SPVs, sidecars, and co-invest vehicles spin up against the same entity graph as the main fund, so an LP who appears in three vehicles is one identity with three positions, not three onboarding files.
We're raising Fund I. Is this overkill for our size?
No — the economics are built to scale down to fund one. Because the platform automates the work that admin headcount usually absorbs, a two-person GP gets institutional-grade onboarding, reporting, and K-1s without institutional-scale admin cost, and the same system carries you through Fund II and III.
Do our LPs need wallets or crypto experience?
No. LPs use an identity-bound portal — statements, capital calls, documents, and K-1s. The permissioned infrastructure runs underneath; nobody manages keys.
Operate like an institutional manager
A 15-minute walkthrough against your fund structure.
