Fund office support services
Integrating best in class digital solutions to deliver a full range of fund administration and transfer agency services
Our service covers the following stage(s) of your business lifecycle:
Run
Exit
Targeting both Singapore and overseas closed-ended regulated and non-regulated fund structure; target size is not important
Access to our lean and scalable fund accounting operating model which focus on simplification, automation and streamlining of processes
Serviced by dedicated and scalable resources who are industry specialists and experienced on multi-GAAP and multinational assignments
One-stop-shop for all needs and jurisdictions; and flexible to adapt
We are a dedicated, high-quality fund administrator with an experienced and knowledgeable team specialised in the asset and wealth management (AWM) alternative space; and we are equipped with a sophisticated market-leading technology platform providing end-to-end fund administration. You can outsource your fund administration function to us where we help you to automate your processes, reduce your administrative burden, allow you to better control your costs; and you will benefit from our expertise and achieve overall operational effectiveness.
We provide fund administration services in the alternative market, predominantly focusing on private equity, venture capital, real estate, and alternative asset fund of funds for asset managers, sovereign wealth funds and family offices locally and worldwide.
Day-to-day administration, including:
- Maintaining books and records of the fund as required by the applicable law and/ or in accordance with fund governing documents; and ensuring that the financial affairs of the fund in compliance with the applicable accounting GAAP (IFRS, FRS, US GAAP);
- Monitoring and recording investment, capital, income and expenses transactions relating to the fund;
- Calculating and providing net asset value of the fund on a quarter/ semi-annual/ annual basis in accordance with the method of calculation set out in the fund governing documents;
- Preparation of quarter/ semi-annual/ annual NAV reporting package;
- Performing calculations relating to management fees, income and expenses accruals;
- Performing waterfall and carried interest calculations (assuming on a fund level basis) and accrue performance/ incentive fee/ allocation;
- Preparation of quarter/ semi-annual/ annual partners’ capital statements (PCAP).
- AML/ KYC due diligence on new investors to ensure compliance with money laundering regulations of the jurisdiction where the fund is domiciled;
- Ongoing screening of investor and associated parties (UBOs, directors, trustees etc.);
- Establishment and maintenance of register of partnership interest and investor data;
- Maintenance of investors’ capital accounts;
- Establishment and maintenance of shareholder registers (funds established as private limited companies);
- Generate and distribute investor statements and other fund information through a secure investor portal;
- Provision of investor access to the administrator’s online and secure investor portal which provides real time up-to-date information and analyses;
- Receive, reconcile and process subscriptions/ capital contributions, redemptions, transfers and switches in accordance with the fund governing documents;
- Receive and calculate the allocations of capital calls and distributions for the fund in accordance with the fund governing documents.
- Preparation of the draft annual financial statements according to applicable accounting standards;
- Preparation of draft notes to financials (including significant accounting policies, amendments of new/ recent accounting standards, disclosures, risk calculation and significant/ subsequent events);
- Liaison with the auditor with regards to supporting documents and audit timelines;
- Production of a standardised checklist during the preparation and review of each set of financials - checklists are subject to the relevant account standard (if necessary).
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Fund office support services