At the close, Fundwave will post automatic transactions such that carry, IRR and other calculations consider new investors to have joined at the first close.
Late payment interest
Calculate late payment interest for your new investors, and distribute it to your existing LPs. Fundwave also calculates late payment interest on management fees.
Existing LPs can make add-on commitments in subsequent closes. Only the add-on portion of their commitment is used for rebalancing and late payment interest.