PE Fund Accounting. Taught by the people doing it.
Waterfall mechanics, NAV reporting, carried interest, and LP audit simulation—modeled on live fund structures from instructors actively managing them at operating PE firms.
01 — Waterfall Mechanics
American and European waterfall structures, catch-up provisions, and preferred return calculations modeled directly from current fund agreements—no simplified proxies.
02 — Management Fee & Carried Interest
Fee offset calculations, clawback provisions, and carry allocation across fund vintages—structured around ILPA guidelines and current SEC examination priorities.
What the program covers
03 — NAV Reporting & Capital Accounts
Partner capital account maintenance, fair value reporting under ASC 820, and quarterly NAV package construction using live fund model templates.
04 — LP Audit Simulation
Full-cycle audit exercise: responding to LP data requests, reconciling capital call notices, and defending fee calculations under time-compressed conditions.
5-Day Intensive
8-Week Part-Time
Corporate Group
Two sessions per week for working professionals. Pacing allows application to live fund work between sessions; LP audit simulation in week eight.
Private cohort scheduling for GP and fund administrator teams. Curriculum scoped to your fund structures and current regulatory exposure.
Compressed format for teams facing near-term audit cycles. All four modules delivered with LP audit simulation on day five.
Instructors currently operating PE fund structures
Every instructor holds an active role—fund controller, CFO, or senior fund accountant—at a GP or fund administrator. The case models in this program come from deals closed within the last two reporting cycles.
Credentials: CPA with fund-specific audit experience, CAIA, or equivalent regulatory examination background. No adjunct academics. No generalist finance trainers.
September 2025 — Seats are limited by design.
Both the intensive and part-time formats open in September. Corporate group inquiries are accepted on a rolling basis with four-week lead time for curriculum scoping.