Private Equity Fund Administration

 

Strata has the ability to assist your fund in every stage of its operation.  

Pre-Fund Launch

  • Review fund documents
  • Assist with audit firm selection
  • Consult with respect to fund structure setup
  • Assist with SEC registeration
  • Prepare relevant tax elections

Onboarding Investors

  • Distribute and track subscription documents to potential investors including ADV Part II
  • Review submitted subscription documents
  • Perform anti money laundering (AML) checks and know your customer (KYC) reports for investors
  • Input investor information in investor database
  • Track and account for investor commitments to fund
  • Confirm receipt of subscription documents with investors
  • Maintain investor documents electronically

Commitment / Capital Activity Reporting

  • Track commitments for both investors and fund investments
  • Calculate unfunded commitments based on capital calls and distributions
  • Prepare and distribute capital call and distribution notices
  • Record character of capital calls and distributions

Monthly or Quarterly Reporting

  • Reconcile cash with banks and/or prime brokers
  • Value portfolio based underlying investee fund capital statements and performance reports
  • Account for any side pockets or share class
  • Prepare complex allocations and fee calculations (including waterfalls and clawbacks)
  • Calculate net asset value of the fund
  • Prepare financial statements (balance sheet, income statement, general ledger, etc.)
  • Prepare and distribute investor capital statements
  • Calculate fund and investor performance
  • Assist fund manager with customized reports

Annual and Ongoing Services

  • Prepare audit work papers and GAAP financial statements and footnotes
  • Coordinate audit process
  • Prepare investor tax estimates
  • Prepare investor Schedule K-1s
  • Prepare fund federal and state tax returns
  • Maintain a register of investors
  • Assist fund with regulatory compliance
  • Monitor investor lists against AML watchlists
  • Respond to individual investor questions or inquiries


 

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