Hypothetical Waterfalls
Estimated hypos
We’re excited to introduce Estimated Hypothetical Liquidations in Maybern. Users can now create and save estimated hypothetical liquidation scenarios. This tool unlocks the ability to share NAV estimates with LPs before official liquidations are processed.
Users can also leverage Estimated Hypos to project hypothetical scenarios for internal purposes. Maybern supports an unlimited number of Estimated Hypos in the system.
Under Financial Reporting → Run Hypothetical Waterfall:
In the top right, when clicking
Run Hypothetical Waterfall, users will now see a new option toRun Estimated Hypothetical Waterfall
Users can then enter P&L inputs
The system always pulls in the
Prior Period Ending NAVfrom the most recentActualhypoUsers can click
Run Hypo Waterfallto run and finalize theEstimated Hypo
Under Financial Reporting (viewing past completed hypothetical liquidations):
Each quarter is now a dropdown
When clicking on the dropdown, users can see a list of all
EstimatedandActualhyposUsers can see the total number of
Estimated Hyposassociated with a quarter in theAttached Estimated Hyposcolumn on the rightActualhypos always overrideEstimatedhypos as the row header
Closings
Adjustments to management fee interest in closings
In line with our commitment to make Maybern the most flexible and customizable fund intelligence system, users are now able to adjust management fee interest in fee true-ups.
Under Commitments → Closings → Create Closing → Fee Catch Up:
Users can click the 3-dot menu at the top right of the screen and select
Adjust Fee True Up by Investor Entity
Users can then adjust
Management Fee Interestfor each investor entity closing into the fund
Credit Facilities
Borrowing base advance rate group exclusion flexibility
Some LPs with multiple commitments have some commitments in an advance rate group and others that are excluded. This month, we improved user flows to support the exclusion of commitments from advance rate groups during closings when an LP upsizes and on an as-needed basis in Credit Facility config.
Under Commitments → Closings → Create Closing → Add Commitments:
When users are adding a new commitment for an existing Investor Entity, they can now edit the default
Advance Rate Groupand selectExcluded Investors
Under Configuration → Credit Facility → Borrowing Base → edit any advance rate group
Users can click
Exclude Commitmentson the top left of theInvestor EntitiestableUsers will see a dropdown where they can select an Investor Entity and view all of that Investor Entity’s commitments
Users can then click Save Exclusion to exclude the commitments from the borrowing base group
Usability
External IDs on allocation rule screens
To help users map LPs to any external IDs they've saved in Maybern, we've added external IDs to all allocation rule screens.
Under Configuration → Fund Structure → Create Allocation Rule:
When users create a rule and refresh the screen, the table on the right shows external IDs associated with each LP
Notes on allocation rules
Users can now add custom notes to allocation rules to provide additional context and help their teams keep track of complex custom rules.
Under Configuration → Fund Structure → Create Allocation Rule:
Users can now add notes at the bottom left when editing or creating a rule
When the allocation rule is finalized, the note will be saved