For managers of Luxembourg funds
Keep your administrator and check every figure they send, or run the fund on FundAgent. Either way, each total opens what it is made of and the document behind it, and nobody approves their own work.
Try it: open the net asset value, then a line, then its source.
Every figure opens its proof, from a NAV down to a single fee.
The items behind it, their share, and a check that they add up to the cent.
The invoice, statement or notice, the exact passage, and the hash of the original.
Administrator check
Drop in the administrator’s statements, the LPA and the bank statements. Every investor’s figures are recomputed to the cent, and each difference comes with its evidence. Open any amount.
No migration and no access to your administrator’s systems: their files are enough.
It is listed apart, never counted as agreeing.
Each quarter, prepared by one person and approved by another.
at stake
| Difference | Amount | Decision |
|---|---|---|
| Contribution booked to Evergreen Foundation instead of Cedar Family Office SA | Sent | |
| Distribution paid on 25 Jun 2026 to Brightwater Endowment Trust, missing from the statement | Sent | |
| Fees at 2.00% instead of the 1.50% the LPA sets · Delta Insurance plc | Sent |
5 more differences
Fund administration
Ledgers by entity and compartment, capital activity from the LPA, waterfalls and carry, cash and payments, investor reporting and Luxembourg filings. The quarter close is prepared in one action, each step with its evidence, and approved by someone else.
1 Jul to 30 Sep 2026
Closing checks
Balanced books, bank reconciled, LP register agreed to the ledger.
Management fees
Calculated under the approved LPA policy, ACT/365.
Carried-interest accrual
Hypothetical liquidation through the approved waterfall.
NAV and capital accounts
Period-end NAV and every investor’s capital account, reconciled.
Capital account statements
One PDF per investor, held for review.
ILPA reports
Per investor, when every input is evidenced.
Quarterly letters
A short letter per investor, never sent by the close.
Period close
Closed by a person other than the preparer.
A USD class and a hedged GBP class beside a euro fund, each paid and reported in its own currency.
Parallel fund and feeder beside the main fund, one investment split to the cent.
Provisions the engine applies; MFN packages that disclose no one.
pain.001 batches released under four eyes, pain.002 acknowledgements read back.
CSSF, Annex IV, subscription tax, CRS and FATCA, each with its owner and proof.
What needs you across funds, approved where it appears, never your own work.
Controls
Four-eyes is not a policy document in FundAgent. It is checked on every write: whoever prepares an entry, a call or a close cannot approve or post it.
Every control works with a team of two: one prepares, the other approves.
Posted entries are never edited. Reversals and period reopenings are approved by someone else.
Each event is chained to the one before and signed with HMAC-SHA-256 under a key held outside the database.
Anyone who can approve must enrol a second factor before approving anything.
Debits equal credits
| Account | Debit | Credit |
|---|---|---|
6100 Advisory and monitoring fees | 12,500.00 | |
2000 Suppliers | 12,500.00 |
You prepared this entry. Another person must approve it.
Approvers confirm with a second factor.
Checking second factor…Audit trail
entry.preparedCamille Laurent9b1d4e…07aaentry.submittedCamille Laurentc40f2a…5e13entry.approvedAlexandre Weber3f9a7c…c21eChain verified · HMAC-SHA-256
Try it: switch to the reviewer to approve.
Every proposed value carries its quotation and page. No source, no value.
Graded on a fixed bench, prompt-injection traps included. Below the threshold, it prepares nothing.
It never posts, never approves and never publishes a number that has not been verified.
Assurance
Confidence that holds up in front of an auditor, an investor or your board, before you switch and every quarter after. Every figure below opens its proof.
Run FundAgent beside your current administrator. NAV and capital accounts are reconciled line by line, and every difference is explained before you switch.
9 of 9 capital accounts agree to the cent
Shared with your AIFM, administrator and auditor: each control attested under four eyes with its live evidence, findings tracked to closure.
SOD-01The preparer is never the approverEvidence today, 09:12OperatingAUD-02Audit chain verifies end to endHead hash checkpointedOperatingCLS-04Closing checks pass before a closeQ3 2026 · 44 checksOperatingBCK-03Backups restore and verifyRestore tested 28 OctOperatingOne export with ledgers, reconciliations, evidence and a manifest of SHA-256 file hashes, so nothing changes unnoticed.
9f2c07…41abgeneral-ledger-2026Q3.xlsx51d0b2…e87ccapital-accounts-2026Q3.pdfc3a7f5…0b19bank-reconciliations-2026Q3.xlsxd81e60…7c2fcontrols-register-2026Q3.pdf8c65c8…9b34sources/OAD-2026-1042.pdfmanifest.sha256 · 214 files
Prepared for ISAE 3402, SOC 2 and DORA reviews.
FundAgent is not certified. It is built so that the controls these reviews examine can be tested, with the evidence already in place.
In a demo, we check an administrator’s statements, trace a NAV to its source documents and prepare a quarter close, with your questions and at your pace.
Information and evidence
€430,024.51
The six differences still open, after the two explained by a reviewer.
The 6 items add up to this figure to the cent.
Information and evidence
109 / 130
Each figure on the administrator’s statements is recomputed from the LPA and the bank: 130 compared, 109 agree and 21 differ, grouped into 8 differences.
26 further figures could not be verified because the ending NAV needs valuations. They are listed separately and never counted as agreeing.
Information and evidence
€234,567.89
Contributions received from Cedar Family Office SA, attributed by bank reference, compared with the administrator’s capital account at 31 March 2026.
The same amount appears in Evergreen Foundation’s capital account: the administrator credited the wrong investor.
The 2 items add up to this figure to the cent.
Lumen Growth Partners - bank 2025.staline 3
:61:2501200120C351851,84NTRFCALL1-LP-003//BK250003 :86:?32Cedar Family Office SA?20CALL1 LP-003
Lumen Growth Partners - bank 2025.staline 8
:61:2505150515C234567,89NTRFCALL2-LP-003//BK250008 :86:?32Cedar Family Office SA?20CALL2 LP-003
Lumen Growth Partners - bank 2025.staline 13
:61:2510101010C469135,78NTRFCALL3-LP-003//BK250013 :86:?32Cedar Family Office SA?20CALL3 LP-003
Lumen Growth Partners - bank 2026.csvrow 4
2026-02-12;2026-02-12;Cedar Family Office SA;CALL4 LP-003;;234567.89;EUR
Lumen Growth Partners - capital accounts Q1 2026.xlsxCapital accounts, row 21
2026-03-31 LP-003 Cedar Family Office 2345678.91 1055555.51 -117283.95
Information and evidence
€150,000.00
Distributions paid to Brightwater Endowment Trust, read from the bank statement, compared with its capital account statement at 30 June 2026.
The 2 items add up to this figure to the cent.
Lumen Growth Partners - bank 2026.csv
2026-03-20;2026-03-20;Brightwater Endowment Trust;DIST1 LP-002;250000.00;;EUR
Lumen Growth Partners - bank 2026.csv
2026-06-25;2026-06-25;Brightwater Endowment Trust;DIST2 LP-002;150000.00;;EUR
Lumen Growth Partners - capital account statements Q2 2026.pdf
Distributions (0.00) (250,000.00)
Information and evidence
€18,978.53
Management fees recomputed quarter by quarter from the approved LPA terms and the investor’s commitment.
The 3 items add up to this figure to the cent.
Lumen Growth Partners - LPA.pdfclause 8.1
8.1 The Management Fee shall be equal to 2.00% per annum of Commitments from 1 January 2025 until 31 December 2025, and thereafter 1.50% per annum of Commitments from 1 January 2026.
Lumen Growth Partners - capital account statements Q2 2026.pdf
Management fees (38,166.76) (229,000.54)
Information and evidence
€12,500.00
The invoice amount, recognised as an expense and owed to the supplier until it is paid.
The 1 items add up to this figure to the cent.
Debits equal credits
Orion-Advisory-OAD-2026-1042.pdfp. 1
Supplier: Orion Advisory SA Invoice reference: OAD-2026-1042 Amount: 12500.00 EUR Due date: 2026-11-30
Information and evidence
€18,402,551.20
Contributions plus the position’s share of the fund’s result, read from FundAgent’s ledger.
The 2 items add up to this figure to the cent.
Difference: €0.00. Both figures agree to the cent.
Incumbent administrator · capital account statement Q3 2026.pdf
Capital account at 30 September 2026 18,402,551.20
Information and evidence
€31,880,104.75
Contributions plus the position’s share of the fund’s result, read from FundAgent’s ledger.
The 2 items add up to this figure to the cent.
Difference: €0.00. Both figures agree to the cent.
Incumbent administrator · capital account statement Q3 2026.pdf
Capital account at 30 September 2026 31,880,104.75
Information and evidence
€24,116,903.02
Contributions plus the position’s share of the fund’s result, read from FundAgent’s ledger.
The 2 items add up to this figure to the cent.
Difference: €0.00. Both figures agree to the cent.
Incumbent administrator · capital account statement Q3 2026.pdf
Capital account at 30 September 2026 24,116,903.02
Information and evidence
€40,233,718.66
Contributions plus the position’s share of the fund’s result, read from FundAgent’s ledger.
The 2 items add up to this figure to the cent.
Difference: €0.00. Both figures agree to the cent.
Incumbent administrator · capital account statement Q3 2026.pdf
Capital account at 30 September 2026 40,233,718.66