Funds

What a fund represents in the platform — a way of grouping projects, not a model of an investing vehicle — and when creating one is worth doing.

Overview

In Kapitable, a fund groups projects. It sits above projects and gathers them.

That is worth stating precisely, because in Private Equity a fund is an investing vehicle with LPs, a mandate and a life — and the platform's fund is not attempting to model any of that. It is an organising layer: a label, a description, and a set of grouped projects. There are no commitments, drawdowns or LP information in it.

Funds are optional, and can be created at any time.

What you'll learn

What a fund is in this platform, and what it is not
When creating one earns its place
How to create one and group projects into it
Which direction the relationship is set from

Before you start

Nothing. Funds are optional and there is no penalty for deciding later — you can create a fund now and assign projects to it afterwards, or never create one at all.

Fund management sits in the administration area, so you will need organisation-admin access.

Steps

From the administration area, open Manage Funds.
Select Create Fund.
Give it a Fund Label — the name the team will recognise.
Add a Description, a brief overview of what this fund is.
Save.
To group projects into it, open the fund and Add Project, selecting from the available projects.

Note the direction. You add projects to a fund, from the fund's own page. There is no fund field when you create a project.

When to create one

You have enough projects that a flat list stops helping. The point at which the projects list needs organising is the point at which a fund earns its place.

Your projects genuinely belong to different vehicles. Where Fund III and Fund IV each hold several platforms, grouping projects that way matches how the firm thinks and reports.

You want the grouping to mean something to a newcomer. A project list organised by fund tells someone joining the team how the firm is structured. An alphabetical list tells them nothing.

Not worth it when you have one or two projects, or when the grouping you actually want is something other than fund — the platform offers this one axis.

Common problems

You cannot find where to set a project's fund. You do not set it from the project. Open the fund and add the project to it.

A project appears in no fund. That is fine. Funds are optional and a project does not need one.

You want to group projects by something other than fund. The platform offers this one axis. Grouping by sector or vintage would have to be expressed through fund labels, which is a compromise rather than a feature.

The fund shows no projects. "No projects have been added to this fund yet" is harmless, but it means the grouping is not doing anything yet.