Fund Administration & Accounting Services

We provide professional administration services for private equity funds and a variety of investment partnerships. We work closely with our clients to identify and satisfy their administrative needs in a timely and accurate manner. Our ability to provide reliable and cost-effective fund administration, including assistance with formation, and accounting services allows our clients to focus on the management of their assets. In addition to our fund services, we can also assist fund managers with accounting and tax services for the management company entity.

Some of our Formation Services include:

  • Serve as the liaison with attorneys during the preparation of governing documents (i.e., limited partnership agreement), private placement memorandums, and subscription documents with your or by one of our recommended law firms
  • Provide knowledge on best practices and assist in reviewing drafts of governing documents and offering memoranda
  • Consulting regarding the benefits of various organization structures

Our Fund Accounting Services include the following:

  • Monthly or quarterly preparation of the fund’s financial statements, including balance sheets, income statements, partners’ capital allocation schedules and fund performance schedules
  • Monthly or quarterly preparation of investor statements
  • Record expenses and capital transactions in accordance with GAAP and fund governing documents (including accruals, subscriptions and redemptions)
  • Reconcile cash accounts with statements provided by prime brokers or custodians
  • Maintain a record of each investor’s capital balance and allocate profits and losses in accordance with the most current governing document provided by the fund
  • Maintain documentation of subscription and redemption notices
  • Calculate management fee and incentive allocation/carried interest based on the Fund’s governing documents
  • Prepare the fund’s annual income tax return filings or provide the fund’s tax advisor with accounting records and supporting schedules

Audit Assistance

We work closely with the fund’s auditors to produce quality information on a timely basis for the fund’s annual audit, including the preparation of financial statements and related footnote disclosures, the condensed schedule of investments, confirmation letters and providing independent auditors with annual audit packages.