LemonEdge
Next-generation accounting engine for private markets
4.3Enterprise / CustomBest for Fund admins and CFOs replacing legacy accounting engines
Fund Accounting Waterfalls Low-code
Overview
LemonEdge, founded in London in 2020 and backed by investors including Blackstone's innovations arm, is a ground-up rebuild of private-capital accounting: event-driven transactions that post across entire fund structures in one step, multi-ledger management, allocation paths, embedded auditable waterfalls and a low-code Canvas layer for scenario modeling. Fund administrators and GP finance teams use it to escape legacy ledgers, with tens of millions of GL transactions processed.
Key features
- Event-driven multi-entity transaction posting
- Multi-ledger management for admins and multi-strategy firms
- Embedded, auditable waterfall calculations
- Canvas low-code scenario and forecasting tools
- APIs and investor portal included
Pros
- Architecture built this decade, not last century
- One posting flows through complex structures correctly
- Low-code customization without vendor dependency
Cons
- Migration off entrenched systems is a project
- Younger reference base than eFront-era incumbents