Feature · Premium module · Sales-led

Investment
Management.

Raise and manage capital in the same platform that runs your properties — funds, capital calls, distribution waterfalls, and an investor portal, with waterfalls fed by your live general ledger instead of a manual import — and a deep AI suite layered across all of it.

Book a demo vs AppFolio Investment Manager →

Per-org pricing · no per-user fees · from $999/mo

Value-Add Fund I · 2026-Q2 distribution

Demo data · representative numbers

Return of capital

$1,000,000

Preferred return · 8%

$80,000

GP catch-up

$20,000

Promote split · 20% GP

$100,000

Balances · cents-exact

✓ checksum ok

AI explainerin plain English

From subscription to distribution

One system, GP to LP.

Funds, commitments & investors

Model funds and SPVs, track LP commitments (soft-commit → subscribed → active), and keep every investor as a KYC'd legal entity. Accreditation review is built in.

Capital calls — Stripe ACH or wire

Call a percentage of each commitment or a fixed total. Allocations are computed pro-rata and cents-exact, notices are AI-drafted, and payments record over Stripe ACH or a recorded wire.

Distribution waterfalls, fed by your GL

A deterministic engine — return of capital → preferred return → GP catch-up → promote — in American (deal-by-deal) or European (whole-fund) mode. Cents-exact with a checksum invariant and fund-admin reconciliation. Two-person approval before anything pays. Fed by the live GL, not a manual NOI import.

Investor portal + investor AI

Each LP sees their own capital account — committed, funded, distributed, uncalled — plus their K-1s, and can ask an AI copilot scoped strictly to their data and grounded in the fund's documents, with citations. Waterfall explainer, capital-call drafting, and quarterly letters included.

AI across the whole lifecycle

Not one AI button.
An AI suite.

Every AI feature is grounded in your fund's real numbers — the model phrases and drafts, the deterministic engines compute. It never invents a figure, and nothing is sent or paid without a human.

Data-room copilot (RAG)

Upload the PPM, subscription docs and operating agreement. Each LP's copilot answers grounded in their own fund's documents — with citations — alongside their live capital account.

Fundraising propensity

Rank existing LPs for the next raise by funded ratio, payment timeliness, accreditation and check size — with an AI outreach plan telling you who to call first.

Performance & IRR projection

Net IRR, DPI, TVPI and preferred-return shortfall computed from realized cashflows, then narrated in plain English for your investor letter.

Agentic LP follow-up

The agent spots overdue capital calls and drafts firm-but-courteous reminders per investor. You review and send — the agent never emails an LP on its own.

Accreditation & KYC assist

The model suggests an accreditation status from the evidence under a Reg-D posture; a compliance officer always makes the final call. KYC runs as its own state machine.

K-1 cover notes

Schedule K-1 line items roll forward deterministically from realized cashflows; the AI writes only a warm, plain-language cover note — never a number, always ‘not tax advice’.

American & European waterfalls Fund-admin reconciliation, to the cent Waterfall explainer & quarterly letters

Built for sponsors who already operate the assets.

Value-add syndicator

You raise a fund per deal. You want capital calls, a clean waterfall, and an investor portal — without buying a second platform and reconciling it against your operations by hand.

Growing GP

Your operations already live in Proprietio. Turn on Investment Management and your distribution waterfalls read the live GL — the NOI your properties actually produced, not a number re-keyed into a fund-admin tool.

Family office / fund manager

Multiple SPVs, dozens of LPs, quarterly letters. Per-org pricing (no per-user fees), an AI copilot for your investors, and two-person approval on every distribution.