Global solutions provider Linedata has released version 10.8 of its transfer agency solution Linedata Mshare, which it says delivers enhanced private equity functionality, new cost basis capabilities and updates to the allocations module.
New in this release is distribution waterfall functionality, required when a Private Equity fund liquidates its underlying holdings in order to distribute the fund’s assets. Also included is Private Equity recallable capital calls, which give the ability to recall capital in the event a capital call was overinvested.
The new version also includes an automated solution for cost basis tax reporting for US clients. This module will calculate the adjusted cost basis for covered and uncovered mutual funds.
Linedata says there are also several enhancements around the partnership performance fee side to facilitate specific partnership agreements such as transfer of beneficial ownership.