# How Nucleus Manages SPVs and Fund Investments

> Michael Axman and Jake Fleshner of Nucleus track SPVs, LP positions, capital calls and distributions in Raziel instead of reconciling statements by hand.

URL: https://raziel.co/customers/nucleus

The Nucleus Network

# SPVs and fund investments, reconciled

Michael Axman and Jake Fleshner of The Nucleus Network manage their SPVs and fund investments in Raziel.

[Get started free](https://app.raziel.co/sign-up) [All customer stories](https://raziel.co/customers)

[Image: Michael Axman and Jake Fleshner of Nucleus]

**Michael Axman**Co-founder, The Nucleus Network**Jake Fleshner**Co-founder, The Nucleus Network   The Nucleus Network

> Raziel gave our team one source of truth across a very complex portfolio. Reporting that used to take days now takes minutes.

[Image: Headshot of Jake Fleshner] **Jake Fleshner** Co-founder, The Nucleus Network

## At a glance

**Type**

Investment firm

**Segment**

Investor

**People**

Michael AxmanCo-founder, The Nucleus NetworkJake FleshnerCo-founder, The Nucleus Network

Features used

- [SPVs & funds](https://raziel.co/products/spv-funds)
- [Valuations & returns](https://raziel.co/platform/valuations-and-returns)
- [AI document import](https://raziel.co/platform/document-import)
- [Workspaces & permissions](https://raziel.co/platform/workspaces-and-permissions)

## The challenge

Nucleus invests through SPVs and LP positions in funds. Every vehicle sends its own capital calls, distribution notices and K-1s, and keeping commitments, called capital and NAV straight across all of them was a quarterly scramble.

## How they use Raziel

- ### Every SPV and fund in one list
  Each vehicle tracks its commitment, capital called, distributions and NAV, with the underlying company mapped to each SPV.
  [Learn more: Every SPV and fund in one list](https://raziel.co/products/spv-funds)
- ### Capital calls and distributions on time
  Calls are logged with amounts and due dates, and distributions update DPI as they arrive.
  [Learn more: Capital calls and distributions on time](https://raziel.co/platform/valuations-and-returns)
- ### Statements read for them
  Capital account statements and notices are forwarded to Raziel, which pulls out the amounts and dates.
  [Learn more: Statements read for them](https://raziel.co/platform/document-import)
- ### One workspace for the partners
  Both partners work from the same portfolio with shared access.
  [Learn more: One workspace for the partners](https://raziel.co/platform/workspaces-and-permissions)

## The result

Nucleus reports on its SPVs and fund positions from one place instead of reconciling statements by hand each quarter.

Inside Raziel

## The tools behind *the story*

The Raziel features The Nucleus Network relies on, shown here with sample data.

Customer stories

## More customer *stories*

[All customer stories](https://raziel.co/customers)

- King Tide  Venture studio
  ### King Tide
  > “We build companies, back founders and invest in funds. Raziel is the first place all three live together, so every partner sees the same numbers on the same day.”
  [Image: Headshot of James Richardson] **James Richardson**COO, King Tide
  [Read the story](https://raziel.co/customers/king-tide)
- [Image: Smacktok]  Venture-backed startup
  ### Smacktok
  > “During a raise you are juggling hundreds of conversations, a cap table that keeps changing and investors who want updates. Having the pipeline, the updates, the metrics and the cap table in one place is what keeps the round moving.”
  [Image: Headshot of Jordan Rothstein] **Jordan Rothstein**CEO and Founder, Smacktok
  [Read the story](https://raziel.co/customers/smacktok)
- [Image: Oro Cap]  Real estate fund manager
  ### Oro Cap
  > “Raziel is the first platform that actually understands how we think about alternative assets. Our fund and my startup investments finally live in the same place, and reporting to our LPs looks far more professional.”
  [Image: Headshot of Brad Mindlin] **Brad Mindlin**CEO, Oro Cap
  [Read the story](https://raziel.co/customers/oro-cap)

Get started

## Run your portfolio the way they do

Bring every startup, SPV, fund and entity into one workspace, or run your raise and investor updates from one place.

[Get started free](https://app.raziel.co/sign-up) [Talk to sales](https://raziel.co/contact)

- [Download on theApp Store](https://apps.apple.com/us/app/raziel-portfolio-management/id6761929486)
- [Get it onGoogle Play](https://play.google.com/store/apps/details?id=com.raziel.android)