Meet Neo, your AI-powered Co-GP.Learn more
Covercy

From waterfall to wire — distributions, done

Covercy One automates the entire distribution workflow: calculate waterfalls, notify investors, process payments, and reconcile with your accounting software — in minutes, not days.

New Distribution
Draft
Fund / Asset
Maple District Apartments
Distribution Type
Pro-Rata
Waterfall
Custom
Waterfall Configuration
Preferred Return
8%IRR Hurdle
Catch-Up
50/50GP Catch-Up
Promote
80/20LP/GP Split
14 investors · $2.35M total
Calculate Distribution

Everything a distribution needs, in one workflow

From modeling the waterfall to closing the books — every step of the distribution lifecycle, automated and reconciled in Covercy One.

Waterfall & calculation

  • Pro-rata, multi-tier, and custom structures
  • Preferred return, catch-up, and promote tiers
  • Hurdle rates and IRR-based waterfalls
  • Share-class and entity-level allocations
  • Per-investor breakdown before you send
  • Validated calculation reports

Payments & money movement

  • ACH, wire, check, and SWIFT in one click
  • Domestic and cross-border, multi-currency
  • Batch processing to every LP at once
  • Per-investor bank-account management
  • 2FA-secured, fully tracked payments
  • End-to-end payment status

Investor experience

  • Personalized distribution notices
  • Self-service investor portal
  • Distribution history and breakdowns
  • Cash-flow dashboard and statements
  • Tax-document delivery (K-1s)
  • Automatic email notifications

Reconciliation & accounting

  • Auto-sync to QuickBooks, Rent Manager, YardiBreeze
  • Automated journal entries
  • Pre-close validation reports
  • Complete audit trail
  • Zero double-entry
  • Real-time accounting sync
For the GP

Investors get the payout. You get the control room.

Behind every distribution notice is a workflow you run yourself — drafted by Neo, branded as your firm, and reconciled the moment you send. No spreadsheets, no re-keying, no waiting on the back office.

See how Neo works

Neo drafts the notices

Neo turns your live distribution data into personalized investor notices and updates — you review the tone, refine, and send. What used to mean a mail-merge and a spreadsheet takes minutes.

You approve before a dollar moves

Every distribution generates a validation report you sign off on. Calculations are verified to the cent and cross-checked against your waterfall before any payment is released.

Pay on integrated rails

Process ACH, wire, check, and SWIFT from inside the platform — domestic or cross-border — with bank-grade security and every payment tracked end to end.

Reconciled the moment you send

Each distribution posts to QuickBooks, Rent Manager, or YardiBreeze automatically, with journal entries and a validation report — so your books close themselves.

Why fund managers choose Covercy

Distributions are not a bolt-on — they run on the same live deal data and banking rails your team already works in, so every calculation, payment, and journal entry stays reconciled from waterfall to wire.

20 min
to run a distribution
100%
audit-ready records

Distribute capital in minutes, not days

Covercy One collapses a multi-day distribution cycle into minutes. Calculate the waterfall, validate every cent, notify investors, and process payments to all LPs in a single connected workflow — no spreadsheets, no re-keying.

Every payment validated before it moves

A pre-payment validation report catches errors before funds are disbursed. Every tier is calculated, every amount cross-checked against your waterfall configuration, and every distribution logged with a complete audit trail.

Investors see it the moment you send it

LPs get personalized distribution notices and a self-service portal showing amounts, breakdowns, payment status, and history — so the "did my distribution go out?" emails stop and your team gets its time back.

Books that reconcile themselves

Every distribution syncs to QuickBooks, Rent Manager, or YardiBreeze with automated journal entries and validation reports — zero double-entry, and your books are closed before the questions start.

Trusted by leading fund managers

“We checked out the competition of similar group investment payment portals and found Covercy to be head and shoulders above the competition. Covercy is extremely flexible and accommodates the needs of our diverse group of both large and small investors.

Glen Lesnick
Glen Lesnick
Founder, R & B Properties

“By bringing everything into one platform, we have transparency both to our investors and to our business organization as a whole. Being able to create reports is much simpler and easier to understand the information being shown from an investor's point of view.

Brian Wilson
Brian Wilson
Director of Sales and Operations, Sonos Capital

Pricing that scales with *your firm*

Distributions are part of Covercy One — included from the Standard tier, with banking and payments built in. Add capabilities as you grow.

  • Banking & payments included
  • Waterfalls & automated distributions
  • Scales from your first deal

Starting at $566/mo

See full pricing & features

Frequently Asked Questions

How does Covercy automate the distribution process?
Covercy One automates the entire workflow from calculation to reconciliation. Configure your waterfall structure once, then calculate distributions, validate via detailed reports, process payments (ACH, wire, check, or SWIFT) with a single click, and sync to your accounting software — all without leaving the platform.
Can Covercy handle complex deal structures and multiple investors?
Yes. Covercy One supports syndications, funds, and fund-of-funds with unlimited investors and entities. Configure multi-tier waterfalls with hurdles, catch-up clauses, promote allocations, and share class distinctions. Whether you have simple pro-rata distributions or complex multi-entity structures, the platform adapts.
How does Covercy ensure distribution payments are accurate?
Every distribution generates a detailed validation report before funds move. Calculations are verified down to the cent, cross-checked against your waterfall configuration, and logged with a complete audit trail. This multi-layer validation ensures accuracy and builds trust with your investors.
What accounting integrations does Covercy support?
Covercy One integrates with QuickBooks, Rent Manager, and YardiBreeze. Distribution data syncs automatically, eliminating manual journal entries and ensuring your financial records are always up to date. Validation reports confirm every transaction before your books close.
How do investors experience distributions on Covercy?
LPs have their own self-service portal where they manage bank account details, view distribution history, track cash flows, and download tax documents. They receive automated distribution notices with full breakdowns and can see real-time performance dashboards showing returns, IRR, and capital contributions.

Ready to automate your distribution workflow?

Book a Demo (opens in a new tab)