M3-Measure

Build Value & Trust.

Durable relationships with LPs through transparency, confidence, and shared understanding. When your numbers are exact, trust follows naturally.

Built for IR & Fund Operations

Built for Investor Relations and Fund Operations teams who know that LP trust is earned one quarterly report at a time. If your team dreads the reporting cycle — or worries about the numbers after they've been sent — M3 was built for you.

Three Modules, One System

From Warehouse to Investor

M3 transforms M1's warehouse of truth into certified outputs, governed workflows, and institutional-grade LP reporting — all powered by calculations you can defend to any auditor.

Fund Economics, Codified

Logic Models

Your fund's unique waterfall, fee structure, and allocation rules — defined once, executed consistently. No more spreadsheet-based calculations that only one person understands. Every output is explainable, auditable, and reproducible.

Waterfall calculations executed consistentlyFee computations automated across investorsSide-letter overrides applied systematicallyCapital calls and distributions governedEvery calculation auditable and reproducibleSubsequent close handling built in

Confidence Before You Hit Send

Performance Monitoring

Know that every number is right before it reaches your LPs. Automated checks catch discrepancies so your team doesn't have to. Every published number links to its inputs, and nothing goes out without passing quality controls.

Automated data quality checksReconciliation break detectionFund close readiness visibilityAudit-grade evidence packsEvery output traceable to sourceDiscrepancies caught before distribution

An LP Experience That Builds Trust

Investor Portal

Your investors get clear, timely access to their holdings, performance, and documents — without the back-and-forth emails and PDF attachments. A purpose-built experience designed for trust, clarity, and institutional reporting.

Self-service holdings and ownership viewsCapital activity with full traceabilitySecure document access and governancePerformance trends and period comparisonsConsistent experience across quartersIntelligent in-context queries
Fund Economics

Define Once. Execute Consistently.

Every fund has unique economics — waterfall structures, fee schedules, allocation rules, clawback provisions, and side-letter overrides. With Henon, you define them once. The system executes them consistently, every quarter, for every investor.

No spreadsheets. No manual calculations. No errors. Every output includes a complete audit trail — so when questions arise, the answer is immediate and defensible.

The specifics of how this works are best explored in a demo — where you can see your own fund structures modeled and executed in real time.

WHAT YOU GET
Waterfall Calculations

Tier-by-tier allocations executed deterministically for every investor, every period.

Fee Computations

Management fees, performance fees, and custom schedules — automated and consistent.

Side-Letter Compliance

Investor-specific overrides applied systematically. No manual tracking required.

Complete Audit Trail

Every calculation traceable to its inputs, rules, and approval chain.

Governed Process

Nothing Reaches Your LPs Without Sign-Off

From draft to delivery, every step is governed — with dual controls, approval workflows, and a complete audit trail. Calculations that used to take your team days now complete automatically — fast enough that your quarterly close feels like a routine process, not a fire drill.

Automated Calculations

Waterfalls, fees, and allocations computed automatically — no manual spreadsheet work

Quality Controls

Every number validated before it reaches your LPs. Discrepancies caught, not shipped

Dual Controls

Configurable approval workflows ensure nothing goes out without proper sign-off

Audit Evidence

Every change logged, every approval recorded, every output traceable to its inputs

Investor Portal

Where Trust Lives

The M3 Investor Portal replaces PDFs and email threads with a single, consistent source of truth for your LPs — purpose-built for trust, clarity, and institutional reporting.

Holdings & Ownership

Investors see their commitments, fund hierarchy, and exposure — clearly structured and always current.

Capital Activity

Capital calls and distributions with allocation detail and historical traceability. No more chasing notices.

Documents

Quarterly reports, capital account statements, notices, and agreements — governed, access-controlled, and always available.

Performance Views

Structured visual presentation of performance, trends, and period-over-period changes your LPs can trust.

Governance & Trust

Human review and sign-off before LP visibility. Auditability and consistency across every reporting period.

Intelligent Access

LPs can access their information through the channels they prefer — with verified, sourced answers to their questions.

The Outcome

Trust at Every Level

What LPs Get

  • Self-service access to holdings, capital activity, and exposure
  • Structured performance views with trends and deltas
  • Secure access to statements, notices, and reports
  • Consistent experience across reporting periods

What GPs Get

  • Reduced servicing overhead
  • Fewer ad-hoc LP questions
  • Confidence that LPs see the right data
  • Institutional reporting that reflects your brand

Measure with Certainty.

LP trust is earned one quarterly report at a time. See how M3 makes every report defensible.