Mextyl gives fund CFOs and Compliance Officers automated waterfall calculations, a complete audit trail and MiFID II / SEC-ready guardrails — replacing spreadsheet risk with a single, connected source of financial truth.
From spreadsheet risk to institutional control — three integrated pillars removing the manual work standing in the way of every fund CFO.
The waterfall is the single most consequential calculation a fund CFO owns — visible to every partner and every LP. Yet a majority of finance teams still maintain it manually in Excel, where one hurdle-rate or catch-up error can misstate millions in distributions.
Every action across CRM, Deal Room, Cap Table and LP Portal is logged with a full audit trail — turning a season of endless PBC document exchanges into a structured, traceable review process.
Even where specific rule proposals have shifted, institutional LPs now expect the level of fee and expense transparency those standards described. Mextyl ships with compliance presets built into the platform, not bolted on afterward.
From waterfall to audit trail — a single operating system built around the accuracy and traceability fund finance teams are held to.
European and American waterfall models with hurdle rates, catch-up provisions and carried interest calculated automatically — instead of relying on manually maintained Excel logic that a majority of fund finance teams still use today.
| Action | User | Time |
|---|---|---|
| NAV updated | J.Smith | 10:42 |
| Doc uploaded | A.Chen | 11:05 |
| Call issued | System | 14:20 |
Every action across CRM, Deal Room, Cap Table and LP Portal is logged and searchable. Firms using a connected source of truth have cut auditor approval time from over 50 days to under 25 in documented case studies.*
ILPA-aligned fee and expense reporting generated automatically — the standard cited by a majority of institutional LPs as a key factor when selecting which managers to back.
Every AI agent output — memos, reports, LP communications — carries MiFID II and SEC Safe Harbor presets automatically, with mandatory disclaimers and PII redaction applied before anything leaves the platform.
"The waterfall is the most important and complicated calculation a private equity CFO faces — not just for its complexity, but because it is highly visible to everyone: partners and LPs alike."
Cap table, fund accounting and LP records are connected — no more manually re-keying data between disconnected systems, the single largest driver of reconciliation errors.
A structured document vault and full audit trail replace endless PBC email chains — turning what has traditionally consumed near-total finance team bandwidth into a routine process.
Automated hurdle, catch-up and carried interest calculations remove the single point of failure that a majority of fund finance teams still manage manually in Excel.
MiFID II and SEC Safe Harbor guardrails are embedded platform-wide — so shifting rule proposals don't require re-architecting your reporting from scratch.
Fee and expense reporting aligned to ILPA standards isn't just compliance hygiene — it's a factor institutional LPs cite directly when selecting which managers to back.
Compliance spend can represent over 10% of operating costs at smaller funds and scale into the millions at larger ones — automation is what keeps that ratio from growing with headcount.
* Source: industry compliance cost surveys and fund finance automation benchmarks (KPMG / AIMA, Private Funds CFO) — cited for context only.
Financial controls connected directly to fund and portfolio data.
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Learn from the workflows, tips and best practices shared across our Learning Paths — curated from what our community reads the most.
Join fund CFOs and Compliance Officers already using Mextyl to automate waterfalls, tighten audit trails and stay ahead of regulatory expectations.
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