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Q1 2025 Release Notes: Investor Portal & Distribution Enhancements

Portal User Experience & Mobile Enhancements

Improved Fund Detail Navigation

  • Large screens now use tabs for easier navigation, while mobile and medium screens use expandable sections (accordion).

  • Videos now pause automatically when switching tabs or closing sections, avoiding multiple videos playing at once.


Mobile Layout Improvements

  • Document titles now wrap fully and are visible on smaller devices.

  • Buttons on the Documents component are now icon-only on mobile to prevent overlap with titles.

  • A confirmation modal has been added for the “Download All” button to prevent accidental downloads.

  • Logout now only appears in the top-right menu across all screen sizes.


Fund Detail Page Video Autoplay Fix

  • Videos no longer automatically play when a page loads; they only play when the relevant section is opened.


Configured Data Card Component

  • A new LWC component allows displaying configured parent record fields (e.g., bank account details) alongside child record tables, giving users more context within the portal.


Portal Feature Enhancements

Enhanced Recent Distributions Dashboard

  • Distributions for inactive (closed) investments can now be optionally displayed, making post-exit distributions (escrow, tax refunds) visible.


Secondary Reporter for Deals and Fund Assets

  • Added a Secondary Reporter field to Deals and Fund Assets, enabling multiple users to upload documents and financials.


Fund & Investment Table Sorting Restored

  • Table views now load with the correct sorting order applied (previously broken in certain views, e.g., Admission Date sorting).


Waterfall & Distributions Enhancements

New Fund Asset Distribution Options

Waterfall calculations now support:

  • Allocated Fund strategy (using specific allocations per investment).

  • Pooled Fund strategy (investments included only if their admission date is before the Fund Asset admission date).


Waterfall UI & Usability Improvements

  • Added better number formatting, spinners, confirmation modals, and clearer field names.

  • Zero-amount distributions are no longer created automatically.

  • Improved messaging, including clearer pluralization and error handling via toasts.

Usability Improvement for Fund Asset Distributions

  • Links to related Funds and created Distributions are now clickable.

  • Number formatting now shows two decimal places consistently.


Investor Communication & Capital Calls

Capital Call Notification Preview & Editing

  • General Partners can now preview Capital Call letters before sending, with customizable opening and closing paragraphs.

  • Preview uses live data when available or dummy data if no allocations exist.


Visualforce Capital Call Template Update

  • Updated to include bilingual content (English and Portuguese), personalized greetings, and improved formatting.


Transaction & Investment Enhancements

Purchase Price Per Unit

  • Added editable Purchase Price per Unit field and an auto-calculated Number of Units field on transactions.

  • Transactions now default to the most recent fund-level purchase price if not specified.

  • New Ownership Units summary field added to investments.

  • Contribution – Reinvestment of Distributions is now recognized as a contribution type.


Transaction Type Configuration Updates

  • New standardized transaction type mappings for contributions and distributions.


Bug Fixes and Feature Enhancements


Various product improvements are driven by customer feedback and technology advancements.

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Q2 2025 Release Notes: UX, Capital Calls & Integration Enhancements

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December 2024 Release Notes: Performance Grids & LP Portal Enhancements

Frequently asked questions

What is Asset Class?

Asset Class is a platform built for private capital firms. It combines CRM, investor relations, fundraising, and portfolio management into a single connected platform built on Salesforce infrastructure, serving PE, VC, real estate, private debt, family offices, hedge funds, and wealth management firms.

Who uses Asset Class?

Asset Class is used globally by private capital firms across private equity, venture capital, real estate, private debt, family offices, hedge funds, registered investment advisers, wealth managers, corporate venture capital arms, and fund administrators, from emerging managers to large multi-strategy firms.

What problem does Asset Class solve?

Asset Class solves fragmented workflows at private capital firms by bringing CRM, investor relations, fundraising and portfolio reporting into one system of record, where every piece of data is connected, auditable and real-time. Athena, the AI layer of Asset Class, answers plain-language questions on any record and drafts reports and follow-ups for your team to approve. Every answer cited to source.

Is Asset Class built on Salesforce?

Yes, Asset Class is built on Salesforce's Force.com platform, inheriting the world's leading CRM engine, enterprise-grade security, and access to thousands of pre-integrated apps on the Salesforce AppExchange. Existing Salesforce clients can easily deploy Asset Class within their current org.

How does Asset Class help private capital firms grow?

Asset Class helps private capital firms grow by automating fundraising, investor onboarding, capital calls, distributions and portfolio reporting on one platform, so teams can spend their time on deals and investor relationships. Athena, the AI layer of Asset Class, ranks your book by opportunity with its Relationship Score and drafts tailored follow-ups for your team to approve, so firms engage the right LPs first.

What is Athena in Asset Class?

Athena, the AI layer of Asset Class, gives every member of your team their own Claude-embedded AI agent for investor relations, business development, finance, compliance or portfolio management. Each agent works only within that person's permissions. Athena reads your firm's data, drafts the work and queues it for review. Your team approves, amends or rejects each item, and the decision, approver and timestamp are recorded.

Which AI model does Asset Class use?

Asset Class uses Claude, the AI model built by Anthropic. Athena, the AI layer of Asset Class, embeds Claude across the platform and connects it to your records, documents and actions. Asset Class accesses Claude through Anthropic's commercial API, so your firm's data is never used to train AI models. Each agent can only see and act on data its user is permitted to access.

Does Asset Class automate data entry?

Yes, Asset Class captures data from the sources your firm already has. Athena, the AI layer of Asset Class, scans subscription agreements, side letters, statements, notices, meeting transcripts, email, calendars and external data sources, then stages the extracted details on the right record. Nothing Athena stages updates a record until a permitted user signs off, and each approver is logged.

What is Asset Class?

Asset Class is a platform built for private capital firms. It combines CRM, investor relations, fundraising, and portfolio management into a single connected platform built on Salesforce infrastructure, serving PE, VC, real estate, private debt, family offices, hedge funds, and wealth management firms.

Who uses Asset Class?

Asset Class is used globally by private capital firms across private equity, venture capital, real estate, private debt, family offices, hedge funds, registered investment advisers, wealth managers, corporate venture capital arms, and fund administrators, from emerging managers to large multi-strategy firms.

What problem does Asset Class solve?

Asset Class solves fragmented workflows at private capital firms by bringing CRM, investor relations, fundraising and portfolio reporting into one system of record, where every piece of data is connected, auditable and real-time. Athena, the AI layer of Asset Class, answers plain-language questions on any record and drafts reports and follow-ups for your team to approve. Every answer cited to source.

Is Asset Class built on Salesforce?

Yes, Asset Class is built on Salesforce's Force.com platform, inheriting the world's leading CRM engine, enterprise-grade security, and access to thousands of pre-integrated apps on the Salesforce AppExchange. Existing Salesforce clients can easily deploy Asset Class within their current org.

How does Asset Class help private capital firms grow?

Asset Class helps private capital firms grow by automating fundraising, investor onboarding, capital calls, distributions and portfolio reporting on one platform, so teams can spend their time on deals and investor relationships. Athena, the AI layer of Asset Class, ranks your book by opportunity with its Relationship Score and drafts tailored follow-ups for your team to approve, so firms engage the right LPs first.

What is Athena in Asset Class?

Athena, the AI layer of Asset Class, gives every member of your team their own Claude-embedded AI agent for investor relations, business development, finance, compliance or portfolio management. Each agent works only within that person's permissions. Athena reads your firm's data, drafts the work and queues it for review. Your team approves, amends or rejects each item, and the decision, approver and timestamp are recorded.

Which AI model does Asset Class use?

Asset Class uses Claude, the AI model built by Anthropic. Athena, the AI layer of Asset Class, embeds Claude across the platform and connects it to your records, documents and actions. Asset Class accesses Claude through Anthropic's commercial API, so your firm's data is never used to train AI models. Each agent can only see and act on data its user is permitted to access.

Does Asset Class automate data entry?

Yes, Asset Class captures data from the sources your firm already has. Athena, the AI layer of Asset Class, scans subscription agreements, side letters, statements, notices, meeting transcripts, email, calendars and external data sources, then stages the extracted details on the right record. Nothing Athena stages updates a record until a permitted user signs off, and each approver is logged.

See how AI transforms Private Capital operations

Your competitors are still filling in spreadsheets. You're closing rounds. Asset Class is the unfair advantage that separates the firms who scale from the firms who stall

Request a Demo

See how AI transforms Private Capital operations

Your competitors are still filling in spreadsheets. You're closing rounds. Asset Class is the unfair advantage that separates the firms who scale from the firms who stall

Request a Demo