Fractional CFO SERVICES
- Review and approve fund admin financial packages
- Strategic business planning and financial analysis, including periodic performance reviews, budgets, projections
- Fund level waterfall, carry, management and incentive fee calculations, including fund expenses and expense ratio management
- Manage vendor relationships including but not limited to fund admin, auditor, tax, legal, insurance
- Cash management, including bill pay, management fee invoicing, capital calls, distributions and payroll
- Assistance with investor relations, due diligence, ad hoc requests, investor letters and reporting
- Issuance of fund performance estimates and track record maintenance, including GIPS compliance coordination
- Procuring insurance coverage
- Employee payroll benefits setup
FUND OPERATIONS
- Assistance with fund formation, tax structure, operating documents LPA/PPM
- Operational setup including the selection of key service providers such as auditors, legal counsel, fund administrators and compliance firms
- Assistance with establishing prime brokerage accounts, including the opening of new markets for international managers
- Manage and coordinate fund reporting, fund audits and tax compliance
ACCOUNTING AND FINANCIAL REPORTING
- Accounting and financial reporting, including fund and management company accounting
- Portfolio and project level accounting
- Preparation of financial statements, including Shadow NAV
- Institutional clients reporting, including separately managed accounts (SMAs) and EMOMs
BACK-OFFICE SUPPORT FOR FUND MANAGERS
- Trade processing and settlement support
- Corporate actions and proxy management
- Custody reconciliations, including communication with custodians
- Shadow NAV preparation and reporting
- Portfolio attribution reporting
- Portfolio turnover calculations
- Broker commission reporting
- Selection and implementation of OMS/EMS providers
- Onboarding of new investors and SMAs
- Assistance with fund presentations and other marketing materials
TAX SERVICES
- Preparing and filing federal, state, and local partnership tax returns and K-1s
- Tax advisory including manager/fund structuring (domestic & international), entity formation,
- partnership agreements, compliance requirements, foreign filings
- Quarterly filings and tax estimates
- Assistance with fund level tax compliance, including ASC 740 analysis
REGULATORY COMPLIANCE SUPPORT SERVICES
- Assistance with managing and monitoring SEC compliance programs and related activities as outlined by the CCO.
- Assistance with completing form ADV
- Support fund managers with SEC audit requests