Meet Neo, your AI-powered Co-GP.
“We moved our fund admin over expecting months of pain. It took weeks, and now our back office actually connects to how we raise capital and pay investors.
Leitbox Portfolio Partners
From the front office to the back office: fundraising, payments, and fund administration on one live ledger you own — so what your limited partners (LPs) see is the ledger itself, not a month-end reconstruction.
| NAV Reconciliation | QTD | YTD | ITD |
| Beginning NAV | $1,240,000 | $1,180,000 | — |
| Contributions | — | $150,000 | $1,000,000 |
| Distributions | ($45,000) | ($90,000) | ($220,000) |
| Net operating income | $38,500 | $74,200 | $386,400 |
| Realized / unrealized gain | $21,000 | $40,300 | $158,600 |
| Management fee | ($6,200) | ($12,400) | ($61,000) |
| Ending NAV | $1,248,300 | $1,342,100 | $1,342,100 |
The back office your syndications and funds run on — transfer agent services, investor statements, distribution partners, and K-1s, all reading from one live ledger.
The recordkeeping, statements, and oversight of a fund administrator — derived from the same live data your investors and distributions already run on.
The administration runs on data you own, branded as your firm, updated the moment you post — powered by Neo, with no vendor handoff and no month-end scramble.
See how Neo worksYour logo, colors, and domain across the investor portal, statements, and emails — with granular, GP-controlled permissions at the fund, share-class, and position level.
The platform derives management-fee runs per share class and period from your fee terms and presents them for your approval. Nothing is billed until you sign off — no spreadsheet, no re-keying.
Track selling-group placements, fund-administrator review and execution, commissions, and DTCC status through the closing workflow, with a full audit trail on every stage transition.
Neo grounds investor report narratives in your holding’s live capital account, so what you send investors reflects the books as they stand — not a stale snapshot.
Most administrators are a service with a portal bolted on. Covercy Fund Administration is both: Covercy One, the platform your team runs every day, and a fund administration team that handles the back-office work on the same records. Because your books start organized, the administration on top of them is trustworthy by construction, whether you run a single syndication or a multi-asset fund.
Raise your next fund on Covercy One and its administration starts on day one, on the same records — then bring older funds over as their current administration contracts come up for renewal. Because your investors, raises, capital calls, and distributions already live on the platform, every economic event posts to a live capital ledger as it happens, so capital accounts and statements are derived from clean data, not rebuilt from spreadsheets at quarter-end.
The investor statement is not a PDF you assemble and email — it is the ledger, rendered. LPs see ILPA-formatted capital account statements, contributions, distributions, and documents in a branded portal that is always current, which means far fewer "can you resend that?" requests for your team.
ILPA-formatted capital account statements, management-fee runs you approve, ownership-transfer handling, and a full audit trail — the outputs large administrators charge enterprise fees and long implementations for, right-sized for a lean GP team you can run yourself.
Contributions, distributions, fees, and valuations post as they occur, so your books are current between quarter-ends, not just at them. When an investor asks where they stand today, the answer is one click away and already reconciled.
“We moved our fund admin over expecting months of pain. It took weeks, and now our back office actually connects to how we raise capital and pay investors.
Leitbox Portfolio Partners“Our fund administration finally keeps up with us. NAV, investor reporting, and distributions are handled in one place, and our LPs notice the difference.
ProterraThe complete investment-management tier — everything in Professional, plus NAV, GP-approved fee runs, capital accounts, tax support, and DTCC oversight. Priced per entity for your fund, with unlimited team members.
Custom pricing
Talk to salesGive every LP a branded portal for their dashboard, capital account statements, distributions, and documents — reading from the same live ledger your fund administration runs on.
Learn moreCalculate, approve, and pay distributions in one workflow — waterfall allocations, one-click payments to investor bank accounts, and automatic reconciliation back to the ledger.
Learn moreDedicated fund bank accounts, capital-call collection, and vendor payments with real-time reconciliation across every transaction type.
Learn moreNeo drafts investor reports and narratives grounded in your holding’s live capital account, so reporting keeps pace with your back office.
Learn more