LemonEdge

LemonEdge makes accounting software for private equity and venture capital managers, fund administrators, fund-of-funds, real estate managers and family offices. The company says its clients have more than $5tn under management on the platform.

The core is a general ledger designed for private markets. Event-driven transactions post entries automatically across each level of a fund or family structure, with multi-currency, multi-ledger charts of accounts that can span jurisdictions. Allocation and waterfall engines handle partnership calculations, and an algorithms feature lets firms move spreadsheet calculations into the system with an audit history. For family offices, LemonEdge models hierarchical family relationships with look-through, tracks public, private and personal assets such as property and art in one place, and produces reports for family members, advisors and regulators, including ILPA formats. A white-labeled portal gives investors or family members access to their reports, and an API pulls data in from other systems.

LemonEdge launched in 2020. Its backers include Blackstone Strategic Investments and Sidekick Partners. It partners with Eleven, an investor servicing platform, and works with consulting firms such as GFT and Lionpoint on implementations. Family offices can run it on their own servers or in a private cloud, and multi-family offices can keep each client's data in a separate secure partition.