Cloudnine - Investor Allocation and Share Registry Application

At Pinnacle, we provide full partnership accounting to domestic funds and complete unitized share registry functions to offshore funds through our proprietary application, Cloudnine. Cloudnine is a highly innovative and functional investor application which automates and streamlines many manual processes, providing increasing efficiencies in calculations and reporting.

• One web-based interface for the processing of both onshore and offshore fund and investor transactions.
• Investors & contacts are setup in one location and are eligible to invest in both onshore and offshore funds, provided they meet fund criteria for investment.
• Tracking of investor subscriptions using separate capital layers.
• Entry of orders for subsequent periods well in advance of such period. This allows for all pending orders to be easily located and maintained in the database instead of offline.
• Redemption fees and holdbacks calculated based on investment limits and restrictions.
• Full series of shares processing including the automatic creation of unitized series’ based on predefined fund criteria and automatic share collapses at the end of the performance period.
• Complex structures such as side pockets, multiple class-specific income allocations and fee structures and deferred fee classes support.
• Processing of ordinary and capital gain distributions to investors with re-investment functionality for both unitized and non-unitized funds.
• Incentive allocations including tiers, scaled fees, and tracking of investor loss carry-forwards, including the ability to delay the crystallization of incentive fee periods to subsequent periods.
• Management fee calculations on a fund class and partner by partner basis, utilizing various methods of computations.
• Restricting new issue income to only eligible investors.
• Complete allocations including realized and unrealized gains/losses, IRC section 1256 gains/losses and other transactions with specific implications at each break period.
• Allocations of P&L to offshore investors to enable full PFIC reporting.
• Seamless interface to external general ledger applications for the importing of fund level P&L activity. 
• Variable break periods (monthly, quarterly, weekly) and any other ad-hoc period.
• Prior period adjustments with automated rollback and roll-forward capabilities.
• Fully integrated master-feeder allocations enabling the master fund’s P&L to be allocated down to the feeder funds with flow through of the allocations to each investor in each feeder fund.
• Automatic validation and checking of ERISA tolerance limits, authorized share limit violations, and investor lookthroughs.
• Storage of fund, investor, and investor transaction documents for ease of retrieval and verification.
• Complete override functionality for all allocations, fees, transaction amounts should such overrides be required.
• Investor reporting on a fund, fund class, or specific investor level with the complete flexibility of custom reports using crystal reports and web service capabilities.
• Full financial highlight reporting in compliance with US GAAP for both onshore and offshore funds.
• Custom reporting which can be tailored and tagged to a specific fund or across the database.
• Full email capabilities of investor statements to an unlimited number of investors/contacts with historical storage of delivery confirmations.  Unlimited number of attachments can be added to the investor statements.