The partnership’s transaction account: raise, invest, distribute.
A dedicated account for GP and LP structures, built for the three movements that matter: raising funds from investors, making the investments, and distributing the proceeds. For your LPs the process is simple: they sign digitally in the system, and every form and approval they submit is documented in one place. Not the fund’s operating account, and not a replacement for your administrator. The transaction layer, handled properly.
Funds raised from LPs, investments made, proceeds distributed: each runs through a dedicated account, separate from the fund’s current account. Everything related to the investment and the investors lives here; the fund’s ongoing management and expenses do not. Clear records, streamlined audits and clearer communication with LPs.
Dedicated account for raising, investing and distributing
Separate from the fund’s operating account
Works alongside your administrator, not instead of one
LP ring-fencing
Investor distributions follow each investor’s entitlement. Payments to the general partner and fund manager are made where included in the agreed service.
Distributions are ring-fenced to LPs who funded through the account: no commingling, no accidental cross-fund payments. The structure stands up to a fund auditor.
LP entitlements locked at account opening
No commingling with other funds or vehicles
Audit-ready segregation
Simple for your LPs
Your LPs sign, submit and see, in one place.
A straightforward signing, document-submission and reporting process for your LPs. The signing process runs inside the system, each form and approval is documented per investor, and everything sits in one organized place for the life of the investment.
Digital signing managed from within the system
Signed forms and submitted approvals filed per LP
One organized record for the life of the investment
The right compliance route, documented
Documentation matched to your partnership structure.
We assess the compliance documentation for GP-managed and administrator-managed partnerships at onboarding. Requirements depend on the management structure and applicable obligations. We document the requirements for the account.
Compliance route mapped to your management structure
Documentation built to survive an LP audit
FATCA and CRS classification and reporting handled per participant
How it works
From registration to distribution.
01
Partnership registration.
Provide the partnership agreement, LP/GP structure and capital commitments; we structure the account accordingly.
02
KYC for all parties.
Digital KYC collection from the partnership entity, the GP and all LPs simultaneously, with subscription documents signed digitally and filed on PEaX.
03
Capital calls processed.
PEaX manages capital-call collection from LPs, with per-LP tracking, payment confirmations and drawdown statements.
04
Distributions and reporting.
Distributions and compliance reports managed through PEaX, with individual statements for every LP.
No. It is a dedicated transaction account for specific movements: raising from investors, investing, and distributing proceeds. The fund’s day-to-day operating account stays wherever it is.
Is this a trust service?
No. This is an account service under our FASP license, with funds fully segregated and no trust layer. Trust services, where Psagot Equity acts as trustee, are a separate part of the house.
Does this replace a fund administrator?
No, it works alongside one. Administrator-managed partnerships plug their administrator into the account workflow; the account itself is held under our FASP license, with funds fully segregated.
What compliance documentation does a partnership account require?
The required compliance documentation depends on the partnership’s management structure and applicable obligations. We assess and document the requirements during onboarding.
We also distribute carried interest. Is that this account?
It depends on the fund’s tax position. If the fund holds an ITA ruling for its carried interest, that is a separate trust service: our Carried Interest (IVA) trustee holds and distributes the carry and handles the withholding per the ruling. If the fund does not hold a ruling, we can also handle distributions to the general partner and the fund manager here, through the partnership account. Either way, the LPs’ money runs here.
Related accounts and services
For the carry and the vehicle
Carried Interest (IVA)
Carry distribution fully run for you: held, withheld and paid out to the partners.
