Capital calls, distributions, NAVs, reconciliation, closes, LP reporting, and investor communications — owned by a senior CPA who works in the systems you already use and signs off before numbers reach investors.
Built for venture capital and private equity
What Ledra does
Capital call #47
$4.2M
17 LP notices sent · prepared and reviewed by your CPA
Capital calls, distributions, pro-rata schedules, wire instructions, and LP notices, prepared by your CPA and checked before they go out — so the numbers an LP receives are right the first time.
Reconciliation
As of Mar 31
Reviewed by your CPA
Exceptions are resolved before the books are released.
Bank statements, the sub-ledger, and your accounting system tied out by your CPA, with month-end and year-end closes kept current instead of rebuilt at quarter-end.
Unified books
One reviewed set
Total reviewed
$252.1M
Reviewed books in the systems your fund already uses, such as QuickBooks, across funds, SPVs, management company, and GP entities.
Illustrative previews of CPA-prepared deliverables — figures and LP details are for demonstration.
A CPA owns it end to end.
Onboarding starts with the documents you already have. From there, a licensed CPA takes ownership of your fund's books — preparing, reconciling, and reviewing every deliverable, and signing off before anything reaches an investor.
01
Subscription agreements, side letters, LPAs, prior NAVs, bank statements. Drag them in or grant read-only access, and your CPA gets to work onboarding your fund.
02
Capital calls, distributions, NAV calculations, reconciliations, closes, LP allocations, statements, K-1 prep, and waterfalls — prepared and tied out by a CPA who knows your fund.
03
A licensed reviewer of record checks every output before it reaches an LP, and keeps a complete record of every source, change, and approval behind it.
Audit-ready by default
Before any report, calculation, or notice reaches an LP, a licensed CPA reviews it and signs off — and keeps a complete, reviewable record of every source, change, and approval behind it.
Sample record · illustrative
Reviewed
Every deliverable
Checked by a licensed CPA before it reaches an LP.
Record
Complete
Every source, change, and approval, kept by the reviewing CPA.
Sign-off
By a CPA
A licensed reviewer of record stands behind each report.
Why we built Ledra
Fund administration has been stuck in the same rhythm for decades: gather the data, chase what's missing, do the manual prep, and close the books a quarter after the activity actually happened. The people doing the work are good at it — they're just buried in the parts that don't need their judgment.
Ledra was started by two co-founders: a licensed CPA with years administering venture and private equity funds at a leading global fund administrator, and a software engineer who builds the systems behind fund operations. The model is simple: a senior CPA personally owns your fund — preparing, reconciling, and reviewing the work — and stays responsive enough that you're never left waiting on your administrator.
What defines Ledra is accountability. Recurring entries, schedules, reconciliations, and work uploaded into systems like QuickBooks are prepared and reviewed before they move forward — and a licensed reviewer of record signs off before numbers reach investors.
Will
Co-founder, Ledra
We work with VC and PE funds that want a senior CPA who personally owns their fund administration — responsive, accurate, and accountable. Share a few details and we'll follow up personally — no sales sequence.
Or email us directly at team@withledra.com