Mai is now available to every customer

Mai, our fund agent, works inside Maybern as a teammate to prepare activity and perform analysis. Mai uses Maybern's rails so that all calculations remain deterministic: they're based on the fund's data, waterfall and fee terms, and configured calculations. Mai explains each step as it works. Any action that would change data requires approval.

Reconcile administrator files with our fund agent

Maybern applies the fund's configured terms to its transaction data to calculate the amounts Mai uses for reconciliation. Mai maps the administrator's investors, vehicles, investments and transaction codes to Maybern records, then compares the administrator's figures with those calculations.

The differentiation is the calculation foundation: Mai reconciles against amounts calculated from the fund's transactions and configured economics. When a figure does not tie, Mai can identify the underlying difference, such as an LP opt-out missing from Maybern's configuration or a fee break the administrator did not apply.

Build reports from configured fund calculations

Report Builder uses calculations already configured in Maybern, so firms do not need to recreate fund logic for reporting. Reports can show a point-in-time result or a monthly, quarterly or annual trend. Investor relations teams can set the parameters they need, and one template can run at the fund, LP or investment level.

Connect AI agents directly to Maybern with MCP

The Maybern Model Context Protocol (MCP) server connects any agent using any model directly to Maybern. An agent can retrieve a calculation Maybern has stored as of a specified date or run the fund's configured logic to answer a new request, or take data from external sources to post activity in Maybern. Maybern records the request behind each result.

Run each fund family in its own currency

Each fund family can now be denominated in any single currency. Maybern calculates waterfalls, closings and fees in that currency. It also ingests FX rates from a firm's chosen source, so historical figures use the rates in its workpapers. Firms with non-dollar vehicles can keep those funds on the same platform as their dollar-denominated funds.

A fully redesigned navigation

Maybern's navigation has been rebuilt around a single streamlined sidebar. Users can pin the fund families they work with most frequently, use keyboard shortcuts to quickly navigate the platform, and work with Mai directly on any page.

See how deal assumptions play out with Scenario Modeling

Select customers are piloting Scenario Modeling with their own fund data. It projects a fund month by month over its life given a set of projected deal cashflows, using the waterfall, fee and performance logic configured for actuals. Mai (or any agent using Maybern's MCP) can create new cases of projected investment cashflows in Maybern, and run scenarios and sensitivities.

Next up: upgraded financial reporting releasing in Q4

By November, every customer is scheduled to receive Maybern's new financial reporting experience. Firms will be able to record P&L in the Transaction Register as activity occurs, deal by deal instead of as a single quarterly amount. They can apply a different allocation to each entry, retain the audit trail and trace NAV to LP-level transactions.

To see these releases on a fund like yours, talk to our team.