Private Equity Fund tracking [edited]

Question

I have investments in a few private equity funds which are difficult to track in Quicken and I input most transactions manually.  I'm trying to track quarterly "Net Asset Value" = Capital Contributions - Distributions +/- net income/(loss).  I'm handling capital contributions as a "buy shares" transaction but I struggle with how to handle everything else to allow Quicken to track shares/value correctly?

Jim_Harman · Answer

What transactions have you been entering? What is not working?

The transactions I listed above should work, but there is not enough information for Quicken to accurately calculate the tax and performance implications.

jpreine · Answer

I'm not sure why the investment transactions don't work in Quicken…I have been trying to resolve for months.

Jim, the value of the fund is reported as dollars (essentially, share price = $1).

Jim_Harman · Answer

If this were an open end mutual fund, the net asset value would be what you could get for the shares if you were to sell them, or number of shares x share price.

How is the value of these funds reported to you?

If your holding in the fund is not given in shares and the value tracked with a share price, you could enter the transactions manually, keeping the share price at $1.00, Buy shares when you contribute, record a Dividend when you get a distribution, and Add or Remove shares so the value of the fund matches your statement. You may not know the tax implications of distributions until you receive the 1099 or K-1 form after the end of the year.