One accountable relationship
A licensed CPA knows your fund, owns the answer, and reviews every deliverable before it reaches an LP.
The fund administration team that works like part of yours.
We learn your fund and own the work.
Fund administration for venture capital and private equity funds, with no new software for your team to learn.
Experience behind the work
Fund administration experience, on your side.
Global fund administration experience
Experience administering venture capital and private equity funds at a leading global fund administrator.
Fund audit experience
Hands-on experience preparing private-fund records and financial statements for audit.
Built by private-fund practitioners
Led by people who have prepared, reviewed, and delivered the work private funds depend on.
Why Ledra
Not another system to learn.
Platforms hand you software to operate. Traditional administrators route the work across service teams. Ledra is a services firm — one accountable relationship owns the work, with nothing new for your team to learn.
Technology supports the prep
The support layer is in development: software is being built to reduce repetitive prep behind human review. The CPA still owns the responsibility.
A complete record behind every deliverable
Source documents, changes, approvals, and final deliverables stay together so the work can be reviewed later.
The work is done for you. Every deliverable is reviewed and signed off by a licensed CPA before it reaches a limited partner.
What we take on
The full fund-admin catalog, under one team.
Capital calls, books, taxes, investor reporting, and ownership records — prepared and reviewed as one operating relationship.
Capital Calls & Distributions
Call amounts, pro-rata allocations, wire instructions, distribution calculations, and LP notices prepared and checked before release. Banking and wiring stay with your existing providers.
Fund Accounting & Reporting
Journal entries, reconciliations, NAV calculations, and financial statements kept current across the fund, SPVs, and related entities.
Taxes & Audit Support
K-1 and 1099 prep support, tax packages, and auditor liaison so year-end work has a single accountable owner.
Investor Reporting
Capital statements, LP reporting packages, and investor correspondence prepared with the fund context kept together.
Cap Table Management
LP commitment and ownership records maintained as part of fund administration — commitments, transfers, and ownership changes kept accurate.
Our Process
Simple. Intentional. Personal.
Share your documents. Meet your expert. Invest with confidence.
01
We Learn
We start with your LPA, subscription documents, prior books, NAVs, bank statements, and investor context before we touch the work.
02
We Own
A dedicated expert prepares, reconciles, and reviews the deliverables. Software supports the prep, but the expert owns the responsibility.
03
We Deliver
Every report, notice, and calculation is reviewed before investors see it, with a record behind the number.
Under one team
One team for your fund's back office.
Granular fund administration work, delivered by the same people who know your fund — not handed off across departments.
Pricing is a conversation, sized to your fund.
Accounting & reporting
- Journal entries
- Reconciliations
- NAV calculations
- Capital statements
Tax & compliance
- K-1s
- 1099s
- Auditor liaison
Capital activity
- Distribution notices
- Waterfall calculations
- Capital call notices
- Wire instructions
- Closes
You'll always know who's behind your numbers.
Because software doesn't build trust. People do.
Common questions
Direct answers before the first call.
Onboarding attention, how Ledra replaces a fund administrator, and how review works.
How much of our team's attention does onboarding take?
Onboarding is a handoff, not a parallel workstream for your team. Share the documents you already have — LPA, subscription docs, prior books or NAVs, and bank statements — by upload or read-only access. Answer clarifying questions as Ledra builds the books, and introduce Ledra to any transactional provider that may stay so the operating boundary can be confirmed. After handoff, Ledra owns the admin work. Your ongoing involvement is reviewing deliverables when needed, not day-to-day bookkeeping.
Does Ledra replace our current platform, or work alongside it?
Ledra replaces your fund administrator — not every tool around your fund. We own the books, reconciliations, investor statements and notices, K-1s, and LP reporting through one accountable relationship. Subscription acceptance, banking, wiring, or money movement may stay with a transactional provider only when that boundary can be confirmed during onboarding.
How does review and sign-off work before numbers reach investors?
Work is prepared against your fund's source documents — books, reconciliations, notices, statements, and K-1s. A licensed expert reviews and signs off as reviewer of record before anything is investor-facing, and a complete review record of sources, changes, and approvals stays with the deliverable. Software and agents may help with preparation over time; they do not replace the expert's sign-off.
What fund sizes do you work with?
Ledra works with venture capital and private equity funds, especially those in the $1M–$500M AUM range.
Who is Ledra for?
Ledra is for fund managers who want fund administration owned through one accountable expert relationship — an extension of the investment team — not a self-serve software platform they operate themselves. Emerging and established managers both fit when they want that ownership model.
How do we get started?
Share a few details through the contact form. We'll follow up personally within one business day. There is no self-serve signup sequence.
Ready when you are
Tell us about your fund.
Ledra works with VC and PE funds that want fund administration owned by a senior CPA: responsive, accurate, and personally accountable. Share a few details and we'll follow up directly. No sales sequence.
Built for VC and PE funds, especially $1M–$500M AUM.
Works as your fund administrator or outsourced fund-operations back office.
Onboarding starts with your LPA, subscription docs, prior books, and bank statements.
We can't wait to earn your trust.
Or email us directly at team@withledra.com