Capital calls, distributions,
and K-1s — finally on one page.
Private-equity, venture, and real-estate fund interests are where consumer finance apps fall apart: commitments and capital calls they can't see, distributions they can't categorize, and K-1s they can't read. Formation tracks the whole private-fund lifecycle beside your liquid wealth — so the least-visible part of your balance sheet stops being a folder of PDFs.
The short answer
A private-fund tracker monitors the full lifecycle of an LP interest — commitment, called and uncalled capital, distributions, NAV, and the K-1s funds issue — in one view. Formation tracks upcoming capital calls against your liquid balances, ingests K-1s from PDF, and shows private holdings beside the rest of your wealth.
Why private funds break every aggregator
An LP commitment isn't a balance you can link — it's a commitment drawn down over years through capital calls on short notice, returning capital through irregular distributions, reported on a K-1 that arrives in March in a format unlike any other. Bank-feed aggregators have no slot for any of it, so your private-fund exposure — often the highest-return, least-liquid part of your wealth — lives in an inbox and a spreadsheet, disconnected from everything else.
How Formation handles it
A capital-call calendar
Track each fund's commitment, called and uncalled capital, and upcoming calls with status — so a cluster of calls landing in the same quarter is visible against your liquid balances before it collides with your cash.
K-1 ingestion from PDF
Upload a K-1 and Formation parses it into a structured view of how each line lands on your return — instead of letting the documents pile up unread until they land on your CPA's desk.
Private holdings beside liquid wealth
Fund stakes, distributions, and carry-bearing interests sit on the same balance sheet as your public portfolio, organized by entity — so the whole picture is one view, not two worlds.
Distributions and carry, tracked honestly
Carried interest, return of capital, and lumpy distributions carry their own treatment and timing — surfaced for the conversation with your CPA, never flattened into a generic 'fund' line.
The least-visible wealth, made visible
Your private funds deserve more than a folder of PDFs.
For households with serious private-market exposure, the funds are both the highest-conviction holdings and the hardest to see. Formation brings the commitment, the calls, the distributions, and the K-1s into one tracked view — so liquidity planning and tax prep start from a real position, not a scramble.
Terms worth knowing
Bring your private funds onto the balance sheet.
Track commitments, capital calls, and K-1s in one place — beside your liquid wealth and organized by entity.
No charge today · Cancel in two clicks · Founding price $17.99/mo or $199/yr $29.99/mo list
Methodology · Commitments, calls, and distributions are SRC from your entries and uploaded documents; net worth contribution is CALC. K-1 figures are parsed for review and may differ from the issuer's final form — Formation surfaces them, your CPA files them. Not advice.
See how Formation compares