Better Software, Built for Private Equity

One platform for all entity types — LLCs, LPs, and C-Corps. Handles multiple legal entities and aggregator vehicles with infinite layers of nesting. The only platform to handle the complexities of PE legal structures.

All vesting tracked automatically - seriously. Unlimited vesting schedules that can handle any combination of time vesting and complex performance hurdle modeling, acceleration triggers, etc.

Track any preferred return, PIK, or promissory notes / loans and ensure they are all treated correctly in your waterfall. All updated automatically over time.

Profits Interests, Stock Options, Restricted Stock - whatever you need all on autopilot. Track different thresholds/hurdle rates, vesting, and monitor the unallocated pool. Full support for Phantom plans, EARs, SARs, etc. and handle them appropriately in your waterfall.

Handle any complex calculations related to antidilution / dilution protection provisions.

Optionally allow stakeholders to log in and view their info / share files. Management teams love this for sharing files with employees.

Save $30-$100k+ per year in external legal fees by setting up eSignature templates in ClosingWell. Automatically draft and send awards & board consents with just a few clicks.

This is the dream we wish we had when we were in PE. An infinitely flexible waterfall model that can handle anything you need. We set everything up for you based on your company's LLC Agreement, and we pull together a bridge to show you it's working. No more "trusting" the software - you can audit every line of your model.

No need to "trust" ClosingWell - export your waterfall to a fully linked up Excel model with working formulas. Use it to audit, but also to link up to any other analyses.

Handle complex catch-up tiers with ease no matter how gnarly. We handle all the edge cases for you.

Automatically build tiers for each unique threshold - whether based on aggregate dollars or per-unit. Hurdle Rates, Strike Prices, etc. all accounted for automatically. Need to adjust Thresholds automatically via a custom formula? No problem. The most painful part of your model is now on autopilot.

Support return hurdles based on MOIC or IRR hurdles, or any combination of both. Any sort of performance vesting can be supported.

Need to interpolate between return hurdles? No problem. Handles any circular calculations.

Build any acceleration triggers into vesting schedules or your waterfall models. Accelerate time vesting, turn off return hurdles, etc. - everything is totally configurable.