Fund accounting and administration
FundOps keeps the ledger, calculates NAV, processes capital calls and distributions, and prepares investor reporting for hedge funds, private equity, venture and real estate funds.
| Beginning capital | 4,250,000 |
| Contributions | 500,000 |
| Net investment income allocated | 41,320 |
| Realized gain allocated | 118,775 |
| Unrealized gain allocated | 96,410 |
| Management fee | (28,125) |
| Carried interest accrual | (36,540) |
| Distributions | (150,000) |
| Ending capital | 4,791,840 |
Built for
Managers keep investment decisions and investor relationships. We run the accounting and administration behind them, to the terms of your offering documents.
Complete books for the fund and its feeder, blocker and holding entities, closed every month with documented reconciliations.
NAV prepared on the schedule your documents require, with pricing checked against independent sources and flagged where a manager mark needs support.
Capital accounts that follow the partnership agreement, including fee calculations and the distribution waterfall.
Statements and financial statements your investors and auditors can use without a second round of questions.
We prepare the audit file and work with your independent auditor and tax preparer, so year-end does not become a rebuild.
Accounting for the adviser entity, including fee income, payroll allocations and budget tracking, kept apart from fund records.
The order matters here. Each stage depends on the one before it, so we do not start a close until onboarding is finished.
We read the partnership agreement, offering memorandum and side letters, and write down how each term is applied.
We load prior-period records, agree opening balances to the last audited accounts and set up data feeds.
Reconciliations, accruals, NAV and investor allocations, reviewed before anything is released.
Investor statements and quarterly packs delivered on the agreed dates.
Audit file, financial statements and tax inputs handed to your auditor and tax preparer.
Month-end close
Dates are in business days after month end. We agree the exact schedule for each fund in the service agreement.
| Day | Milestone |
|---|---|
| BD 1 | Bank, broker and custodian data received |
| BD 2 | Cash and position reconciliations complete |
| BD 3 | Accruals, fees and expenses posted |
| BD 5 | Draft NAV and investor allocations prepared |
| BD 7 | Manager review and sign-off |
| BD 8 | Final NAV and investor statements released |
Four working rules that apply to every fund we administer.
No NAV or investor statement is released until a second qualified accountant has reviewed it.
You deal with the same person every month, and that person knows your fund's documents.
Allocations, fees and balances trace back to a ledger entry, a statement or a clause in your agreement.
We prepare the books. Your auditor stays independent and receives a complete file.
Short answers to the points that usually come up before a first engagement.
It depends on how many funds and entities are involved and on the state of the historical records. A single fund with clean prior-year accounts takes less time than a structure with several feeders. We give a timeline after reviewing your documents.
We can work in the platform you already use or set the fund up in ours. We agree this at the start, along with who owns the data and the access rights.
Fees usually reflect the number of funds, the number of investors, the complexity of the strategy and how often you report. We quote after reading your offering documents.
Yes. We agree a cut-off date, obtain closing balances and investor records from the outgoing administrator, and reconcile them to the last audited accounts before the first close.
No. We prepare the accounts and the audit file. Your independent auditor performs the audit.
Request a proposal
Email us a short description and we will reply with questions, a timeline and a fee estimate. These details help us scope it quickly.
FundOps Management Private Limited · Mysuru