You face a hard truth: At scale, Excel will fail.
qashqade replaces your fragile formulas with transparent, auditable allocation calculations. Trust your numbers and explain them with confidence.
Trusted by fund managers, institutional investors, and administrators
An AI assistant calls one MCP server. That server carries the caller’s own qashqade credentials into a real login, drives a complete planner run, and hands back a finished report, ready to chart, summarize and question.
One shared private markets allocation software for all allocation types.
From fund distributions and GP carry to share-based and cap table–driven waterfalls: everyone works from the same trusted and transparent logic — powered by a universal waterfall engine.
Trust your distribution, carry and fee calculations and explain results to investors with confidence.
Deliver tech-enabled fund admin services at scale. Run bulletproof calculations across funds without Excel risk.
See how your fees and returns are calculated and trust that distributions follow the rules you agreed to.
Turn legal waterfall language into live models and prove that the terms deliver the expected outcomes.
Each module handles a specific part of allocation management.
Together, they form a single, consistent private equity software solution for calculation, validation, and reporting.
The core. Turns your waterfall rules into structured calculation logic for accurate allocations.
Gain clarity on all your agreements and ensure you receive what you signed up for.
Model, allocate and track carried interest precisely with customizable structures, vesting schedules, and automated waterfall integration.
Visualize ownership, investment values and impact of different funding scenarios in real time.
Deliver clear, investor-ready reports with flexible components and formatting, and consolidated fund insights.
Share documents, rewards, and updates securely with full control over who sees which information.
Integrate, map, and sync data from multiple sources automatically, reducing manual work and errors.
Three clear steps to calculations you can trust.
See how qashqade handles real-world carry and waterfall structures. No sales pitch.
Once you’re ready, your rules are translated into clear, structured logic. Not spreadsheets.
Get audit-ready results with full traceability. Explain every number with confidence.
How teams use qashqade to eliminate calculation risk in practice
By pairing our technical expertise in LPA validation and carry modelling with qashqade’s collaborative advisory team, we’ve created a synergy that delivers deeper insights and shared learning, strengthens carry analysis and fund accounting practices, and achieves faster resolution of complex carry scenarios – far beyond what standalone technology can achieve. qashqade doesn’t just provide technology, they provide tailored support and work closely with their clients to drive better outcomes.
This is about trust at the end of the day. That’s what our clients are really paying for – knowing that everything’s being handled properly, with full transparency. qashqade helps us deliver the best solutions to fund managers’ most complex challenges, which is our core mission.
After a careful selection process, qashqade became the natural choice for us, not just for the technology but also their deep understanding and expertise of our challenges and how to address them.
qashqade was created to solve a problem we’ve seen again and again in private markets. As complexity grows, critical calculations can no longer be handled in spreadsheets, which are often owned by a few people, hard to explain, and risky to change. We built qashqade to turn that growing complexity into a structured system that reflects how fund economics actually work and remains reliable.
With release 25.1.0, qashqade continues to expand its capabilities for managing complex private market structures at scale. This release introduces advanced share-based waterfall calculation options, dedicated capital allocation management, enhanced performance and security improvements across the platform.
qashqade’s new MCP layer lets your AI tools talk to qashqade directly. Ask in plain language, trigger a calculation, and read back validated results. In this walkthrough, CTO Paul Foley shows how to get it running and turn a simple request into a fully branded dashboard.
In this edition of Inside Private Markets we speak with David Waldman, who offers a perspective that is grounded in operational reality. David shares his thoughts on AI adoption in private markets, addresses the data privacy question as well as context engineering and gives a bold prediction of how AI will have changed by 2030.
In this edition of Behind the Waterfall, we speak with Oliver Freigang, Co-Founder and CEO of qashqade. Eight years after being told by the industry that automating carry calculations was impossible, Oliver reflects on what drove him to prove it wrong and what still keeps him restless.
qashqade’s new MCP layer lets your AI tools talk to qashqade directly. Ask in plain language, trigger a calculation, and read back validated results. In this walkthrough, CTO Paul Foley shows how to get it running and turn a simple request into a fully branded dashboard.
In this edition of Inside Private Markets we speak with David Waldman, who offers a perspective that is grounded in operational reality. David shares his thoughts on AI adoption in private markets, addresses the data privacy question as well as context engineering and gives a bold prediction of how AI will have changed by 2030.
You don’t need more flexibility. You need calculations you can trust, explain, and defend. Every single time.
In today’s private markets landscape, operational resilience isn’t optional, it’s a competitive advantage and absolute necessity. This eBook explores why resilience matters now, drawing on market data, expert interviews, and real-world insights. Discover practical steps to future-proof your fund operations.
Common questions about qashqade and how it works for your business.
Reach out to our team.
We're here to answer your questions.
qashqade is a dedicated platform designed by private markets experts, for private markets experts. It helps replace the risk of human errors in manual spreadsheets with a powerful waterfall calculation engine at its core. We believe the risks and costs to a business using spreadsheets with errors can outweigh the costs of our application, which can also scale with your business.
Yes, the application has been designed and built with data security as a paramount concern. qashqade is certified SOC II (AICPA) for controls on security, availability, processing integrity, and confidentiality.
qashqade reduces allocation errors by replacing manual, spreadsheet-based processes with a purpose-built, automated calculation engine. Instead of relying on fragile Excel models, qashqade applies consistent, rules-based logic aligned to fund documents and economic terms.
Key ways qashqade minimizes errors include:
The result is faster, more accurate, and more reliable allocation calculations.
qashqade is built to handle allocation calculations for any asset class from traditional private equity and venture capital funds to private credit, infrastructure, hedge funds and many other types of funds. Its calculation engine applies step-logic modeling to all distributions, carried interest, and capital events, ensuring accurate results regardless of asset type or complexity. qashqade 25.0.0 made the waterfall engine universal. Meaning it can now handle any type of allocation calculation, not just fund distributions. That opens the door to entirely new use cases across asset classes.
The majority of our clients rely on us for fund operations and fund economics, which represent the core strengths of our software. Within a single platform, users can perform complex calculations such as management fees and carried interest, issue capital call notices and generate reporting.
We work across the full fund ecosystem, partnering with General Partners, fund administrators, Limited Partners, and audit firms. Our client base spans a wide range of firm sizes, from emerging managers operating a smaller number of funds (with complex structures) to large, institutional organizations managing hundreds of funds. This breadth reflects the flexibility and scalability of our platform.
Across our client base, the total assets under management modeled and calculated on the qashqade platform exceed $1 trillion, underscoring both the scale of our presence and the trust our clients place in our technology.
