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Private Equity Account Type

Does anyone have any guidance on creating the correct type of account for private equity investments?

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Answers

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Well, It would be an Investment type account ... probably with a fictitious security representing your equity position.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Thank you for the response.
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    Thank you for the response.
    I'd set up that security, initially, with a number of shares equal to your Equity position in dollars and cents, and a value of $1.  THEN, adjust the value of the security as the value of your position changes. 
    Trying to change the number of units gets really messy, unless, for some reason (additional purchase, unit redemption, etc) the number of units actually changes.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Thanks for the advice. I am not sure I can identify my actual equity position given the complexity. Might make sense to create a custom Security, set all capital contributions at $1=1 share, and then adjust Security values once redemptions/return of capital becomes greater than the contributed capital (fingers crossed). Not sure if this makes sense.
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    That's the same thing that I suggested, in different words.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • gasherbrum1997
    gasherbrum1997 Member
    Accepted Answer
    I see. Thanks.
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