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.
Advanced Share-based Calculations
Release 25.1.0 introduces Share-Based Waterfall calculations, a new capability designed to support open-ended funds and tranche-level closed-ended structures. With this enhancement, waterfall tranches can now be configured at the individual investment or share level, using either date-based or trigger-based logic. Each contribution is treated as its own economic unit, with a dedicated waterfall assigned within the same asset.
This approach ensures that distributions and carry allocations accurately reflect the specific timing and terms of each investment, without relying on manual adjustments or external calculations. By natively supporting Share-based waterfalls, the platform delivers greater accuracy, transparency, and auditability, while significantly reducing operational complexity for fund managers, administrators, and finance teams managing sophisticated structures.
Capital Allocation Management
Capital events such as issuances and transfers of shares are now managed through dedicated event screens, providing greater clarity and control. With Issuance Events users have the option to record if there were any new shares issued (e.g. due to capital increase). Transfer Events allow shares to be transferred from one partner to another or bought back by the company.
Capital allocation results can be published directly to the portal, improving transparency for stakeholders.
Stronger Event Governance & Controls
The Events module has been further strengthened. Documents can now be attached directly to events, and configurable approval workflows allow administrators to define approvers and automate approval reminders.
Additional improvements to event handling include: better filtering and enhanced administration, all designed to support better user experience and operational confidence.
Enhanced GP Carry Allocation & Vesting Flexibility
To support sophisticated carry structures, release 25.1.0 introduces the ability to create forfeitures as percentages of the available vested or unvested points. Full vesting schedules are now visible across specific vesting tranches on the event and partner screens, and continuous vesting options provide greater flexibility when defining incentive structures.
These enhancements increase both transparency and flexibility in GP carry management.
Expanded Data Load Capabilities
Release 25.1.0 further extends qashqade’s data loading capabilities to simplify administration and support scalable setup processes. New load options allow Partner Groups to be created and maintained in bulk, including the automatic creation of groups and assignment of existing partners. In addition, Vehicle Associations can now be loaded in bulk, enabling efficient setup and management of economic relationships between vehicles and associations. These enhancements reduce manual effort and help ensure consistent, well-structured data across complex environments.
Greater Transparency Across Partners & Vehicles
New visual and informational tools provide clearer insight into complex structures. The newly introduced Vehicle Relationship Chart makes even highly connected structures easy to understand. This visualization is particularly valuable for understanding master-feeder structures and other hierarchical arrangements, such as how carry allocations flow across multiple interlinked vehicles.
Additionally, the new Partner Details screen brings together key metrics and participation details in a single, centralized view, making it easier to review and manage partner-specific information.
Representation handling has been enhanced for cases when there are multiple representations between vehicles. Also, representation partners are automatically created when new vehicles are set up, reducing manual effort and improving data consistency.
Performance, Stability & Security Enhancements
Release 25.1.0 delivers broad performance gains across the platform, including faster loading times, optimized endpoints, improved partner transfer, and more efficient data imports.
Admin users benefit from configurable overview screen tables, improved filtering behavior, and better persistence of configuration settings.
From a security perspective, multi-factor authentication option (MFA) has now been implemented for the receiver side of the portal, further strengthening access protection and aligning the platform with best-practice security standards.
More information including a highlights video can be found on the feature release page and the release notes.
