Fee, Carry & Capital Event Engine
Carried interest calculations, capital notice preparation, and management fee tracking are among the most consequential, and most spreadsheet-dependent, workflows every fund finance and operations team must execute. Carry waterfalls involve complex deal-by-deal mechanics, preferred return tiers, and GP/LP catchup structures that are difficult to validate and easy to miscalculate. Capital notices require coordinating across multiple transaction types while keeping unfunded commitments accurate. 3forge builds all three in: integrated modules for fee calculation, deal-by-deal carry waterfalls, and capital event notices, computed on live fund data with full formula transparency. No separate tools, no manual reconciliation.
The Challenge
The Most Consequential Calculations Run on the Most Fragile Tools
Fee, carry, and capital event math drives real money to investors and the GP, yet it is typically maintained in spreadsheets, recalculated by hand each period, and reconciled against fund documents manually. Errors are costly, audit trails are thin, and the work is disconnected from fund and firm reporting.
Spreadsheet-bound and fragile
Complex waterfalls and fee logic built by hand break at scale, and a single broken reference can misstate material distributions.
Hard to keep true to fund documents
Preferred return, expense allocation, fee stepdowns, and side letters must be applied exactly as written in the fund documents, every period without exception.
Disconnected from the platform
Fee and carry outputs are re-keyed into capital notices and reports, inviting reconciliation errors and duplicated effort across tools.
Thin auditability
There is little transparency into how each number was derived, and no clean approval and lock trail to defend the figures later.
The 3forge Approach
Fee, Carry, and Capital Events, Built Into the Platform
3forge replaces the spreadsheets with three integrated modules that run on live fund data. The Management Fee module computes quarterly fees with a configurable fee base, stepdown logic, and an approve-and-lock workflow. The Carried Interest module runs cash and hypothetical deal-by-deal waterfalls with formula transparency on hover and preferred-return and expense-allocation methodology per fund documents. The Capital Event module builds capital notices linked directly to approved fees and carry, with flexible unfunded-commitment logic and investor-level allocation at approval. Everything stays consistent, auditable, and connected to the fund and firm dashboards.
Key Capabilities
What You Can Build with 3forge
Management Fee Calculation
Quarterly fees with a configurable fee base, stepdown logic, event-based reminders, and an approve-and-lock workflow.
Carried-Interest Waterfall
Cash and hypothetical deal-by-deal waterfalls with GP and LP catch-up, preferred return, and per-document expense allocation.
Formula Transparency
See exactly how each number is derived, on hover, with methodology applied per fund documents rather than hidden in cells.
Capital Notice Builder
Dynamic capital notices linked directly to approved fees and carry, with flexible unfunded-commitment logic.
Investor-Level Allocation
Allocate capital calls, partnership expenses, and distributions to each investor at approval, with full impact on commitments.
Approve, Lock & Audit
Approval workflows and locked calculations create a defensible record across periods for compliance and investor scrutiny.
Inside the Platform
Carried Interest Module
Cash and hypothetical carry calculations with deal-by-deal waterfall support, formula transparency on hover, and preferred-return and expense-allocation methodology applied per fund documents, with a full realization history.
Management Fee Module
Quarterly fee calculation with a configurable fee base, stepdown logic, event-based reminders, and an approve-and-lock workflow, with parameters, calculation, and fee history side by side.
Capital Event Module
A dynamic capital notice builder linked directly to approved fees and carry, with flexible unfunded-commitment logic and investor-level allocation determined at approval, plus a full event history.
Get started
Retire the carry spreadsheet for good
Book a 30-minute demo with a 3forge solutions engineer and see management fee, carried-interest waterfall, and capital notices computed on live fund data, with full transparency.
