Make distribution payments with complete confidence.
Finally, GPs can process distribution payments with speed, accuracy, and total transparency — all in one platform.
Empower investors to view real-time fund performance, access reports, and track contributions and distributions in one secure portal.
Centralize bookkeeping and reporting to monitor cash flows, P&L, and balance sheets from a single dashboard.
Automate and schedule capital distributions to investors with accurate, timely delivery.
Track deal pipelines, manage subscription documents, and streamline investor outreach to close commitments faster.
Manage cross-border capital calls, operating expenses, and vendor payments with automatic reconciliation.
Automate capital tracking, distributions, and reporting in one centralized platform.
Give investors 24/7 access to holdings, documents, and distribution updates.
Send automated capital calls, newsletters, and performance updates.
Generate custom performance reports and waterfall analyses in seconds.
Issue notices, collect funds, and track contributions automatically.
Centralize your pipeline, from soft circled to committed, in one view.
Track post-sourcing commitments, documents, and status updates.
Visualize equity, debt, and mezzanine layers with covenant alerts.
Launch a branded deal page for one-click interest and commitments.
Automate subscription docs, compliance checks, and K-1 distribution.
Configure pref, catch-up, and carried interest models—then automate payouts.
Define splits, allocate carry, and automate cash-flow distribution.
Execute proportional distributions with a single click.
Send domestic & cross-border payouts with low-cost FX.
Outsource bookkeeping, NAV, and compliance via integrated back-office.
Track contributions, commitments, and balances in real time.
Monitor dry powder, forecast liquidity, and schedule capital calls.
Manage budgets, approvals, and vendor payments in one place.
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PRODUCT / DISTRIBUTIONS
Finally, GPs can process distribution payments with speed, accuracy, and total transparency — all in one platform.
Calculate, process, send, and instantly reconcile distribution payments in minutes with Covercy’s ultra-powerful payments engine.
Tailor equity and debt waterfall structures to meet the unique needs of any deal, from the simplest pro rata returns to the most complex models with multiple tiers, specific return hurdles, catch-up clauses, performance incentives, and more.
Sync distribution data for immediate transaction reconciliation. Integrate directly with popular accounting & property management platforms like QuickBooks, Rent Manager, and YardiBreeze, keeping data centralized and eliminating double work.
The geographic location of your investors doesn’t matter when you use Covercy to process distributions. Instantly pay domestic or international investors using built-in currency conversion, cross-border payment support, and low transfer fees.
GPs can open APY checking accounts with up to $3M FDIC insurance per depositor through Covercy’s banking partner. In addition you can simply view and organize all third-party bank accounts from multiple financial institutions within the Covercy platform.
Automatically send personalized distribution notices and payment confirmations to investors, keeping them informed every step of the way.
Initiate and process payments through ACH, wire transfers, or checks in just one click, ensuring fast and accurate distributions to investors’ accounts.
Verify every distribution by automating calculations and reviewing detailed validation reports, ensuring accurate payments and instant reconciliation for GPs and investors.
Handle even the most intricate deal structures – syndication deals, funds, fund of funds (FOF) – with flexible waterfall configurations and detailed payment adjustments, ensuring accurate distribution for each investment.
Automatically calculate and distribute funds proportionally based on each investor’s ownership share, simplifying complex allocation processes.
Provide real-time performance dashboards to your investors, displaying their current returns, capital contributions, and detailed transaction history.
With so many real estate distribution tools to choose from, learn what sets Covercy apart from the rest.
Only Covercy gives GPs the power to process distribution payments in seconds. Automatically calculate, validate, and process payments to LPs in their preferred method: ACH, wire, or check. Covercy’s platform adapts to fit the most basic and straightforward waterfalls to customized and complex deal structures.
Covercy offers a unique peace of mind throughout the distribution process, served up via detailed validation reports to ensure every distribution is free of mistakes down to the cent. Verify calculations before funds are disbursed, preventing errors and building trust with your investors. These reports also create a clear audit trail with no extra work required by the GP, guaranteeing transparency and compliance.
Say goodbye to juggling multiple systems—Covercy consolidates your entire distribution process. Everything happens in one place, from calculating waterfalls to validating payments and processing transactions. Manage every aspect of your distributions seamlessly, reducing errors and saving time.
Covercy syncs directly with your accounting software, automatically tracking every transaction and ensuring accurate and instant reconciliation. With real-time alerts, you’ll be notified of any issues, while seamless integration with tools like QuickBooks and Rent Manager ensures your financial records stay up-to-date without manual double entry.
Covercy’s unmatched flexibility adapts as your business grows, handling everything from simple payouts to complex, multi-investor deal structures. Wherever you are — managing your first commercial asset or overseeing millions of square feet across asset classes or somewhere in between — Covercy meets you where you are, providing everything you need to distribute capital efficiently with minimal effort.
Empower your investors with real-time, secure access to detailed reports, investment updates, transaction history, tax information, and more – all in one secure, easy-to-use platform.
Automate your fundraising process, from deal promotion to investor onboarding and, finally, instant capital collection, with Covercy’s end-to-end fundraising engine.
Gain full control and visibility into all incoming and outgoing transactions, bank accounts, vendor payments, and more with Covercy’s comprehensive back-office FinOps tools.
Seamlessly manage domestic and global payments with flexible options for receiving and distributing funds quickly and securely.
How does Covercy automate the distribution process?
Covercy automates the entire distribution workflow, from calculating complex waterfall structures to processing payments with just a click. You can easily set up recurring distributions, handle cross-border payments, and reconcile all transactions automatically, ensuring accuracy and transparency for both GPs and investors.
Can Covercy handle complex deal structures and multiple investors?
Yes, Covercy is designed to support even the most complex deal structures. Whether you’re working with multi-tiered equity waterfalls, debt payback schedules, fund of funds (FOF), or mixed asset and fund-based distributions, Covercy’s customizable tools ensure every investor receives the correct payout according to their specific agreements.
How does Covercy ensure distribution payments are accurate?
Covercy provides a proof-of-work feature, called a Validation Report, that allows you to verify every calculation before distributions are made. This ensures that payments are accurate down to the cent. Additionally, the platform offers automatic reconciliation, so you can track all payments and correct any issues in real-time.
How does Covercy integrate with my existing accounting software?
Covercy integrates seamlessly with popular platforms, like QuickBooks and Rent Manager, allowing you to sync distribution data automatically. This eliminates the need for manual entry and ensures that your financial records stay accurate and up-to-date.
*Covercy is a financial technology company, and is not a bank. Banking services provided by Thread Bank, Member FDIC.
The Covercy Visa Debit Card is issued by Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted.
**Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure and a list of program banks at https://thread.bank/program-banks. Please contact customerservice@thread.bank with questions on the sweep program.
The Currency Cloud Limited (Non MIFID related products). Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) Currencycloud Terms of Use All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.
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For clients based in the United Kingdom, Covercy Europe Ltd. is an EMD Agent of The Currency Cloud Limited. Payment and e-money services are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).
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