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December '24 Release Notes

What's new at Maybern this month

Sophie Mester avatar
Written by Sophie Mester
Updated over 11 months ago

Credit Facility

Calculations support rounding to fractions

Some banks round their credit facility interest expenses up to fractions, e.g. up to the nearest 1/8th or 1/16th of a percentage point. Users can now create custom interest expense calculations that round to the nearest fraction to match their bank's rounding methodology.

Under Config → Fund Family → Calculations → Add Custom Calculation:

  • Users can now use round_up_to_multiple along with the interest rate, any additional margin and/or spread, and the fraction, and the interest rate will automatically round up to the specified fraction

Hypothetical Waterfalls

Export every LP’s IRR walk per hypo run in one click

This month, we built a new report in Maybern! Some of our users requested that we create an LP-by-LP IRR walk report. Now users can export that report directly from the Hypos tab in one click.

Under Financial Reporting:

  • Users can click Download LP Breakdown Report (top right) to export every LP’s IRR walk per hypo run in one excel file, with one tab in the excel sheet per LP

  • This export looks similar to the NAV walk, but LP-by-LP instead of whole-fund

New Total NAV column in NAV walk

We've added a new column to the NAV walk! Under Financial Reporting, when viewing the list of all past hypos:

  • We’ve added a new column called Total NAV on the right side of the table

  • This column shows the sum of Allocated Carried Interest $ plus Partners Capital $

Pivot Tables

Grand Total sums on pivot tables

We now support total sums on pivot tables, both in the app and in excel exports. We built this when we learned that some of our users were creating custom pivot tables, exporting them into excel, and then adding total sums themselves.

  • Users can switch the Display Totals toggle on to view totals at the bottom of each column

  • When users export a pivot table to excel, if the toggle switched on, the totals export along with the values

Waterfalls

LP-level pref export

Previously, users could view the entire pref schedule at the fund level, and export it for reporting purposes. This month, we've made the same data available at the LP level, and now support exporting each LP’s pref schedule in one click.

Under Capital Activity → Click into distribution → View Waterfall → Investor Level

  • Users can click the Exports button to view available exports

  • Users can click LP Level Pref Schedule to export every LP’s pref schedule per waterfall

    • The resulting export is one single excel file with a tab per LP

    • The download includes Actual or Equalized values depending on the manual toggle setting the user has selected

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