Introducing the Caruso Fund Admin Agent

Private market assets are worth more than $15 trillion. The back office behind it all? Spreadsheets. Paper-based forms. Multiple disconnected legacy systems built decades ago.

Fifteen trillion dollars. Managed with copy-paste.

Introducing Caruso's Fund Admin Agent, an intelligence layer embedded directly in the system of record, giving every user the ability to instruct, query, and automate fund administration tasks with speed and accuracy no manual process can match.

We are removing the admin from Fund Administration.

The Future of Fund Admin

System of Record Meets the System of Action

Fund administrators are the system of record for private markets. They hold the investor records, the compliance data, the registry ledger. Fund administration services are the orchestration layer that sits on top: people and manual processes manipulating data through software interfaces. AI is reshaping both how the truth is stored and how work gets done on top of it.

Most fund administrators facing this shift are stuck. Legacy providers are waiting for their software suppliers to bolt AI onto decades-old architecture. Startups building AI tools solve one workflow but sit on top of someone else's system of record. Neither owns both the truth and the intelligence layer to act on it.

With Caruso, the system of record and the system of action are the same platform. Built on modern AI-native architecture from day one, now servicing over $100B in assets across 900+ funds. The agent operates directly on that data. Humans instruct and review. The agent does the work.

What You Can Do With It Today

The Fund Admin Agent is in open beta. Its capabilities are improving daily and will expand significantly over the coming months. Here is what you can use it for today.

Registry Queries

The agent filters and analyses registry data to answer holding and transaction-related questions without spreadsheet exports. Ask it who holds more than 5% of a given fund. Ask it which investors have outstanding capital commitments. Ask it to outline all holding movements during a period.

Compliance Insights

The agent surfaces compliance information that would normally require clicking through multiple investor profiles or exporting reports. It identifies investors with expired wholesale accreditations, PEP matches, or missing AML/KYC information.

Custom Reporting

Request data in any format. The agent restructures, reformats, and exports the result as a CSV directly from the interface. No predefined templates required.

Redemption Processing

The agent ingests a paper-based redemption form, extracts investor details, matches the request to the correct holding, and creates the redemption order in Caruso. It can also bulk-create redemption requests across funds or classes based on a percentage of holdings or a fixed dollar amount apportioned to each investor.

Distributions

The agent creates distribution batches, calculating pro-rata amounts across investors based on your distribution rules. It drafts the distribution, including investor notices and payment files for your review.

Trust Deed Processing

Provide the agent with a trust deed. It identifies the investing entity, the trustee, beneficial owners, and related parties, then either creates the relevant related-party records in Caruso or compares them to the records already on file.

Investor Research and Meeting Preparation

The agent analyses investor holdings, transactions, notes, documents, and communications to build a complete picture of any investor ahead of a meeting or review. Or ask it to draft an email to your top ten investors, giving them exclusive access to your latest opportunity.

What You Will Use It For Tomorrow

In the near future, the Fund Admin Agent will become the primary interface through which all work within Caruso is initiated. Not a feature inside the platform. The way you use it.

The agent will impact every aspect of your organisation. Distribution and capital raising teams will use it to identify new prospects, send hyper-personalised communications, and close raises faster. Registry teams will process paper-based applications and redemptions in bulk and automate batch processing and payment. Compliance teams will flag gaps before they become audit findings. Finance teams will reconcile deposits faster and complete period-end pricing sooner.

The result is a fundamental shift in the unit economics of running a fund. More profitable. More focused. More compliant. With more engaged and satisfied investors. That is what AI-native fund administration delivers.

How to Access the Fund Admin Agent

The Fund Admin Agent is in open beta and available today for all Caruso platform users. Access it within the Admin App, with no additional setup or configuration required. If your team is already using Caruso, start using the agent immediately.

Not yet on Caruso? Book a demo to see the Fund Admin Agent in action.