AcordIQ launches waterfall validation service
AcordIQ (AIQ) has launched a cloud-based waterfall verification shadow service.
The platform aims to help GPs currently dealing with increased investor concerns about investments and regulatory scrutiny in light of Covid-19, by providing them with independent verification on waterfall calculations.
It also aims to reduce Excel dependency and key-person risks by helping with audits and succession planning. The software increases transparency around carried interest from an internal allocation and LP perspective and aims to reduce the oversimplification of Excel approaches to calculating carried interest, which can impact whether or not partners will receive carry.
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