Demystifying Private Equity Fund Accounting & Carried Interest

Introduction

Private equity fund accounting involves tracking investor contributions, distributions and carried interest, and can be complex without a clear framework.

This short, focused webinar offers an introduction to the fundamentals of private equity fund accounting, covering fund structure, manager remuneration and performance measurement.

Key concepts such as the GP/LP relationship, portfolio company valuation, distribution waterfalls and performance metrics will also be explored.

Expert speaker Keith Arundale will illustrate these principles with real-world examples, providing you with a clear understanding of how private equity funds are accounted for and how their performance is evaluated.

What You Will Learn

The webinar will cover the following:

• Brief recap on the private equity fund raising and investment process
• GP/LP relationship
• Principles of accounting for the PE fund
• Separate records for each limited partner investor
• Accounts prepared in accordance with IFRS; differences with US GAAP
• Treatment of fundraising costs
• Management remuneration
• Carried interest: 'fund as a whole' basis versus 'deal by deal' basis
• Distribution waterfall
• Allocation and vesting of carried interest
• Valuation of portfolio companies
• Example of Meta/Facebook valuation
• Invest Europe Investor Reporting Guidelines
• Measuring PE returns: IRR and multiple
• Investor relations
• Example summary PE fund accounts

This pre-recorded webinar will be available to view from Thursday 6th August 2026

Alternatively, you can gain access to this webinar and 2,300+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.