Fundwave's $800/month Seed tier uses commitment-based NAV allocation
Fundwave's fund admin Seed tier ($800/month) allocates NAV by commitment, not called capital (fundwave.com/pricing/fund-admin, Oct 22, 2026). Growth adds custom allocation logic.
Fundwave's fund administration pricing page, read on October 22, 2026, describes its NAV calculation method in the Seed tier ($800/month) as "NAV allocations on commitment," meaning limited partners' capital accounts are sized proportionally to their commitment amounts rather than their actual called capital. The approach is standard for funds at a single close where all LPs have drawn the same fraction of their commitment, and it is simpler to maintain because the allocation percentages are fixed at closing. Funds with multiple closes, LPs admitted at different call percentages, or LPs who have defaulted or transferred need called-capital-based allocation instead, which requires recomputing percentages each time capital moves; Fundwave's $1,200/month Growth tier adds custom allocation logic for these cases. The quarterly NAV calculation procedure and the reconciliations that confirm it are covered in NAV: the quarterly calculation procedure and the reconciliations behind it.
Sources
- Fundwave fund admin pricingwww.fundwave.com/pricing/fund-admin/
Terms used in this article
- NAV (net asset value) NAV, net asset value, is the value of a fund's assets, with investments carried at fair value, less its liabilities at a reporting date, and equals the total of all partners' capital accounts.
- Fund administrator A fund administrator is the firm, or the software operated in-house, that maintains a private fund's books: partner capital accounts, capital call and distribution processing, fee and waterfall calculations, NAV, investor statements and audit support.
- Capital account A capital account is the running balance of a single partner's economic interest in a fund: contributions in, allocations of income, gains and losses, less distributions out.