Capital activity

Overview

Capital activity is the ledger of everything that moves capital between LPs and the fund: calls, distributions, transfers, and the corrections to all of the above. It is deliberately the most rigorously controlled part of the platform, because a mistake here is a mistake in money actually moving.

Capital event types

NAVdryx tracks the full set of events a fund’s life actually produces:

• Contributions and distributions
• In-kind contributions and in-kind distributions
• Transfers, both internal (between LPs) and external
• Recallable distributions
• Tax distributions

The capital account engine

Every LP’s capital account rolls forward the same way: beginning balance, plus contributions, less distributions, plus or minus income and loss allocation, less expense allocation, to an ending balance. The rollforward is reproducible from source records rather than a number someone typed in, and the GP entity and management company keep their own capital accounts alongside every LP’s — tracked from the fund’s first day of operations, not bolted on at year-end.

Reversal-based amendments

Capital events are not edited in place once issued. A correction is a reversing entry, linked back to the event it corrects, so the history of what happened — and what was later found to be wrong — stays intact. This is the same append-only discipline that governs the audit log; see Security and trust.

The approval lifecycle

Every capital event moves through the same stages, each one audit-logged: draft, review, approval, notice generation, sent, settled, reconciled. Deliverables come out the other end as a PDF notice, an Excel schedule, a CSV export, and per-party packages, so LPs and internal reviewers both get what they need in the format they expect.

Wire instructions

Wire details are field-level encrypted, and any change to a bank account requires dual control, callback verification, and a recorded change history, routed through its own approval chain. NAVdryx never executes a wire — it generates the instructions the counterparties use to execute the transfer at their bank. Moving money is always a human, at a bank, acting on instructions the fund has approved.