Citco Waterfall™ is a proprietary tool built on Citco’s cutting-edge technological capabilities and in-depth knowledge of alternative investment funds.
The technology assists with calculation of the carried interest associated with traditional close-ended fund vehicles (a.k.a. realised and unrealised waterfalls).
The system is designed to offer the highest levels of flexibility in waterfall calculation methodology, data in-take/out-take, and the ability to report on the results at all stages of the calculation.
Key Features of Citco Waterfall™ include:
- Source system agnostic
- Unlimited tiers/flexible tier arrangement
- Intuitive waterfall setup dashboard
Citco Waterfall™ fills a major gap in private equity fund administration by replacing a process for determining waterfalls that is labor-intensive and inefficient with Citco’s technology which automates and standardizes the waterfall calculation process, while maintaining maximum flexibility to account for a wide range of fund partnership agreements, scenarios, and tiers that may require unique, tailored methodologies.
In addition, the Citco Waterfall™ program features an intuitive dashboard that is designed to enable managers to visualize their calculations and easily access formulas and data.