Fractional investments
Why are the number of investments fractions?
Fund Forecasting's calculation logic attempts to deploy all of your available capital. This can commonly lead to investments being fractions. For example, if your model is deploying $10mm capital but the check sizes are $1.5mm, the result will be 6.67 investments.
By hiding the decimals into integers, we don't want you to get tripped up by rounding. Our calculation engine computes out decimals, so rounding figures up (or down) loses some accuracy and can end up implying some "unused capital" for your fund. So we've decided to be as transparent as possible to show you exactly the number of investments implied, so the totals can all match up over the dashboard.
In our experience, LPs completely understand the uncertain and probabilistic nature of fund level forecasts, and fractional investments should not be confusing to the audience.