| |
 Accounting & Administration
|
 Record trade and non-investment transactions
Maintain fund's primary books and records
Record receipt or payment of dividends and interest
Process corporate actions
Record all trading and bank account activity
Record fees and rebates
Reconcile cash, positions, and market values with
the bank/custodian(s)
Calculate management fees and carried interest
waterfall in accordance with fund documents
Calculate capital calls and draft notification memos to investors
Track receipt of capital call daily until all funds are
received from investors, including follow-up where applicable
Calculate distribution waterfall and draft notification memos to investors
Coordinate with transfer agent and legal counsel for
in-kind distributions
Process investor transactions
Allocate profit and loss to individual investors
Prepare quarterly financial statements, including footnote disclosures
Prepare investor statements and distribute to investors via secure email, secure client web portal or mail
Prepare audit package and draft financial statements
Liaise with auditors to facilitate the annual audit
Interface with investors for fund accounting related inquiries
|
|
Tax Services
|
Reconcile GAAP trial balance to tax trial balance
Prepare federal tax allocations
Liaise with external tax advisors |
New Fund Launch Assistance
|
Review and comment on offering documentation as prepared by legal counsel
Discuss best practices
Liaise with legal counsel and prepare the administrative services agreement
|
|
