U.S. Bank has announced the launch of its Private Waterfall Engine, an automated fund waterfall administration platform designed to support private markets funds. The technology supports multiple waterfall methodologies and automates carried interest, performance fee and distribution calculations. It imports data from upstream systems, performs controlled calculations and delivers reports and journal entries through a standardized workflow.
The platform combines configurable and custom-built technology capabilities to meet the unique needs of each client. Calculations are automatically generated using U.S. Bank’s proprietary library of waterfall logic, streamlining implementation while enhancing accuracy.
Private Waterfall Engine is the next step in U.S. Bank’s multi-phase technology transformation for private markets clients. The bank recently launched, in partnership with Fenergo, a new client lifecycle management platform for onboarding alternative investment cl
