Jonathan Kirkwood
1dabbc3073
The LP portal's 'In bitcoin terms' box converted ALL paid-in capital at the fund close date's BTC price, mispricing every mid-life capital call. It now walks the statement history: the first statement's contributions at the close-date entry mark, each later quarter's new contributions at that statement date's price, and distributions at the price when received. A dollar called later is no longer credited with bitcoin it could never have bought. Funds with a single statement (and files predating the uploaded price range) fall back to the close-date price. Frontend only; shared by the LP portal and the admin Investor View.
19 lines
771 B
TypeScript
19 lines
771 B
TypeScript
import { VersionInfo } from '@start9labs/start-sdk'
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export const v_0_2_44 = VersionInfo.of({
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version: '0.2.44:0',
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releaseNotes: {
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en_US:
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"Bitcoin-terms accuracy for funds with capital calls: paid-in capital is now " +
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"converted to bitcoin call by call — the initial funding at the fund's close-date " +
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"price and each later quarter's new contributions at that quarter's price — " +
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"instead of marking every dollar at the close date. Distributions convert at the " +
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"price when received. Requires the quarterly statement history (see the Import " +
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"page's history backfill) for funds that called capital over time.",
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},
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migrations: {
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up: async ({ effects }) => {},
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down: async ({ effects }) => {},
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},
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})
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