Fund Administration

With Kaufman Rossin Alternative Investment Services as your fund administrator, you will benefit from a highly specialized team with deep industry expertise and a commitment to providing personalized, hands-on service. We understand your need for sophisticated accounting, transparency and custom reporting, which is why we employ leading-edge technology and professionals who have the experience to help even the most complex fund structures and strategies.

We provide a full range of back-office fund administration services, including portfolio accounting, investor services, Treasury services and audit liaison for hedge funds, private equity funds, and all types of investment vehicles.

We provide the following fund administration services:

Accounting

  • Maintain the general ledger and prepare journal entries for:
    • Capital transactions, including capital closings, capital calls, funded calls and distributions
    • Purchase of investments
    • Sale of investments
    • Unrealized gain/loss on investments
    • Other income and expenses, including interest income and operating accruals
  • Reconcile cash balances to banks
  • Reconcile trading activity and positions with brokers
  • Calculate and record operating accruals and corporate actions
  • Calculate and record management and incentive fees
  • Create distribution models calculating the allocation by investor, including the carry amount in accordance with the organizational and offering documents of the fund
  • Calculate the distribution payment amounts based on the distribution models and respective wire instructions
  • Calculate profit and loss allocation by investor in accordance with the organizational and offering documents of the fund
  • Prepare and deliver monthly and quarterly financial statements to client 
  • Price exchanged-traded investments via third-party providers

Treasury Services

  • Coordinate bank account setup
  • Review transaction requests for compliance with regulatory requirements, as well as accuracy, completeness and adherence to industry standards
  • Administer online banking platforms for transaction processing
  • Check transaction beneficiaries against OFAC Sanctions and SDN lists
  • Reconcile and report on transactions on an ongoing basis

Investor Services

  • Receive and process requests for subscription, redemption or transfer of investor interests (Kaufman Rossin Alternative Investment Services will accept email copies of subscription, redemption and transfer requests.)
  • Update and maintain all investors’ contact details, wire instructions and other information to be used for capital calls/distributions, redemption payments and investor reporting
  • Process investor capital calls/distributions including generating and sending capital call letters and reminder notices
  • Track unfunded commitments and called-capital receivable amounts by investor
  • Prepare and distribute monthly and quarterly investor account statements
  • Generate and distribute subscription, redemption and transfer of limited partnership interests notices
  • Communicate with fund investors