Custodian

The institution that holds a fund's assets and keeps its own record of them, separate from the fund's books.

Orivade keeps this on the investor's record — linked to the email or document it came from, so the current status is one search away the moment an LP asks.

See also

Fund AdministratorThe third-party firm that maintains a fund's books, calculates NAV, and produces investor reporting on the general partner's behalf.
NAV (Net Asset Value)The current value of a fund's assets minus liabilities, used to price subscriptions and redemptions in an evergreen fund.
ReconciliationThe process of proving that two independently maintained records of the same fund activity — such as a GL and an LP allocation — describe the same underlying reality.