Private Equity Investing

me

I'm looking for best practices on tracking PE Funds in Quicken, and specifically if I should even bother with the tools Quicken has created.

I already track quite a bit of PE funds (and direct investments) in Quicken. I treat them as a normal securities, "buying" shares as I meet my commitment. I treat income distributions as dividends and capital gains distributions as sales where the basis returned is the shares sold and the dollars received is just that. My taxes (Income/CapGains-Loss) are generally correct and the shares owned is generally my basis. I update the pricing to reflect market values.

Looking at the native Quicken functionality, I would be able to track total commitment and total called, but it looks like Quicken totally mishandles returns of basis. First, it doesn't track it, and second (mostly because of the first mistake), it thinks of value as "Price" times "Paid In" which seems pretty dumb. (I'm thinking it should be "Price" time "Remaining Basis".)

Are there users that rely on this functionality that can explain why Quicken's choices make sense and why their system is an improvement over how I am currently doing it? I really want the native functionality to be user, but I'm having trouble getting there