Calculate, execute and pay distributions fast with automations and features. Empower your investors with better data.
Auto-calculate your distributions for each investor based on their pro-rata ownership of the Fund/Asset. GP promote can be added as well.
You can also import data from more complex Excel waterfall calculations, or enter the data by yourself.
Tax withholding & adjustments
In addition to the “gross distribution” amount, you can now indicate the Tax Withholding (by % or a fixed amount) and Adjustments.
Share distribution data by email notification and using the Investor Portal
Send auto generated personalized distribution notifications to each of your investors.
Investors can access info including: gross distribution amount, tax withholding, adjustments, net distribution, transaction fees, currency exchange (if applicable) and net amount to be received by the investor.
Investor bank accounts
You can automatically import or manually enter the bank account details of your investors.
Your investors can do that by themselves too, by logging in to the Investor Portal, and securely updating their bank account information.
Covercy is an investor management & banking platform for commercial real estate investment firms. GPs backed by high-net-worth investors use Covercy to streamline fundraising, delight investors and automate distribution payments.