aama.io blog

Fund administration insights

Practical guides on distribution waterfalls, VCC and family office structuring, SPVs and syndicates, and Singapore fund operations — plus deep dives behind our free tools.

37 articles

Featured

Private Debt Notes: Running a Real Estate Note Raise From Fundraise to Accounting

Private Credit

Fund Accounting

Private Debt Notes: Running a Real Estate Note Raise From Fundraise to Accounting

A recent project: a private debt note for an Australian real estate developer building a 5-star resort, with a fixed-income return and interest paid after 18 months. What a private debt note is, how the lifecycle runs on one platform, and the accounting points that are easy to miss.

November 4, 2026

7 min

Sunil Chaulagain

Chief Executive Officer

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Free and Low-Cost SPV Administration: What You Get, What It Costs and What to Check

SPVs

Fund Administration

Free and Low-Cost SPV Administration: What You Get, What It Costs and What to Check

Can an SPV be run for free? Setup can be cheap or deferred, but running costs rarely reach zero. The five ways platforms charge, what "free" usually leaves out, and the questions to ask before you pick one.

October 27, 2026

7 min

Luis Lim

Delaware SPV Formation and Administration: A Practical Guide for Deal Leads

SPVs

Fund Administration

Delaware SPV Formation and Administration: A Practical Guide for Deal Leads

Forming a Delaware SPV takes days. Running one takes a calendar: a flat state tax, a partnership return, a K-1 for every investor and extra withholding for non-US money. Here is the whole lifecycle, from LLC vs LP to wind-down.

October 19, 2026

9 min

Luis Lim

True Syndicates vs Invite Links: What Deal Leads Actually Need to Administer

SPVs

Venture Capital

True Syndicates vs Invite Links: What Deal Leads Actually Need to Administer

Open syndication mode is not a syndicate. A real syndicate roster tracks lead and co-leads, allocation percentages, soft-circles and who has been invited — then plugs into the same LP portal, capital calls and reporting as a single-deal SPV.

October 9, 2026

6 min

Luis Lim

Continuation Vehicles for Emerging Managers: Admin Without a Secondaries Desk

SPVs

Private Equity

Continuation Vehicles for Emerging Managers: Admin Without a Secondaries Desk

Every GP-led continuation creates a new vehicle that needs onboarding, elections, capital calls and clean reporting. You do not need a full secondaries platform on day one — you need a linked CV, roll/sell elections and the same SPV admin stack.

October 9, 2026

7 min

Sunil Chaulagain

The Side Letter Was Signed Months Ago. Why Is Month-End Still Wrong?

Fund Administration

Fund Accounting

The Side Letter Was Signed Months Ago. Why Is Month-End Still Wrong?

Side letters rarely blow up at closing. They blow up later — when one LP’s fee discount never made it into the books, an MFN election sat in someone’s inbox, and the capital account no longer matches what was negotiated.

October 5, 2026

7 min

Luis Lim

SPVs

Fund Administration

Don't Start With an AI Agent for Your Fund Administration Software

A fund administration platform is a system of record. It holds NAVs, investor registers, capital accounts, and the books that investors and auditors rely on. If an AI gives a bad suggestion in a CRM, someone fixes it on Monday. If it posts a wrong $500,000 entry to a fund's ledger, you have a very different kind of Monday.

October 3, 2026

5 min

Sunil Chaulagain

How Fund Administrators Should Run VCC Accounting (Umbrella, Sub-Funds and the Books)

VCC

Fund Administration

How Fund Administrators Should Run VCC Accounting (Umbrella, Sub-Funds and the Books)

Fund admins evaluating Singapore VCCs usually ask the same thing: how does the accounting treat the umbrella versus each sub-fund? Here is how aama.io models the hierarchy, keeps ledgers separate, consolidates for the GP, and avoids the spreadsheet traps that break ring-fencing.

October 3, 2026

8 min

Luis Lim