Fund Administration Services

Investment fund managers require reliable and comprehensive fund administration services at the financial and administrative level. Our fund administration services provide a third-party perspective that performs various operational functions for the fund, based on the fund's size and complexity of its activities.

Our main objective is to become a business partner and manage all ongoing communication with fund investors regarding financial related issues. We will take care of the fund administration while the fund managers focus on executing the fund strategy.

Our fund administration services include:

  • Bookkeeping and financial reports compilation under relevant accounting standards (IFRS, US, GAAP) and liaison with the fund's auditor in connection with the review/audit of the financial statements as part of accounting services
  • Preparing quarterly/annual capital account reports for investors regarding changes in the value of their investment in the fund
  • Preparation and distribution of capital call letters to investors according to the fund's cash flow needs
  • Calculating fund distributions and obtaining tax-withholding approvals according to different investors and tax ruling instructions
  • Calculation of management fees, success fees, and handling the fund's current expenses as part of management fee and carried interest services
  • Fund administration compliance and investor onboarding services, including KYC/AML checks and preparation for annual reporting of FATCA and CRS
  • Implementation of tax ruling instructions and the VAT regulation in daily activity and when distributing funds back to investors, including assistance in obtaining tax ruling from BDO's tax practice.

Our fund administration team enjoys ongoing guidance and consultation with various issues that arise, such as tax withholding issues when distributing the funds. Having a large accounting firm sign off on various calculations such as the management fee, the capital accounts, and the distributions provides added value to both investors and fund manager.

Sivan Weitzman

Sivan Weitzman

Head of Fund Admin and Accounting Services
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