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Independent Portfolio & Fund Accounting

Complete portfolio reconciliation and fund accounting process to establish NAV's own books and record

  • Three-Way Trade & Position Reconciliation
  • Independent Portfolio Pricing
  • Investor Allocations of Income and Expenses
  • Management & Performance Fee Calculation
  • Cash Reconciliation
  • Input Investor Capital Activity & Maintain Shareholder Register
  • Independent Performance Calculations

Reconciliation Against the Primary Administrator or Internal Books

Comprehensive reconciliation between NAV’s books and the primary administrator or a client’s internal books

  • Trade, Position, and Cash Reconciliation
  • P&L Reconciliation by Position
  • Complete Balance Sheet and Income Statement Reconciliation
  • Management & Performance Fee Calculation
  • Exception Reports to Identify Tolerance Breaches

Other Value Added Services

  • Web Portal Access with Data Mining, Custom Reports, and Advanced Risk Reporting
  • Compliance Support for SEC Form PF and NFA/CFTC Reporting
  • Daily Trade Break Reconciliation
  • T+0 Reporting to Support 40-Act Fund Requirements
  • Data Transfer to Third Party Custodians and Risk Reporting Systems
Why Shadow Accounting?
  • Parallel Accounting against the primary administrator to ensure accuracy and redundancy
  • Middle Office Support not offered by your primary administrator (i.e. Daily Reporting, Risk Reporting, Compliance)
  • NAV Calculation and Reporting Services for UCITS funds requiring a local Transfer Agent
  • T+0 Reporting for 40-Act Funds
Fund Administration for Managed Accounts
Fund Accounting
  • Daily and Monthly Reporting
  • Three-Way Trade & Position Reconciliation
  • Calculation of Account performance (daily, monthly, year to date, and since inception)
  • Performance and exposure reporting
  • Management & Performance Fee Calculation
  • Interactive data mining tools to review and analyze trades, positions, performance and exposures.
  • Secure online portal access to accounting packages, reporting, and interactive data tools
  • Complete Audit Support
Custom Reporting Solutions
  • Daily Trade breaks reporting and Net P & L by 6AM(ET) on T+1
  • Interactive data mining and report processing tool for Trades, positions, performance and exposure reporting
  • P & L and Exposure Reporting by Fund, CTA and Strategy
  • VaR, margin analysis, Benchmark comparison and correlation analysis
  • Commission Reconciliations, Intraday and T + 0 reporting
  • Attribution reporting by Sector, Asset class, Country, Currency, and Trader
Middle Office Support
  • Client Web Portal with Data Mining, Custom Reports, and Advanced Risk Reporting
  • Value-at-Risk (VaR) Reporting
  • Daily Trade Break Reconciliation
  • Invoicing Account Owners for Management and Performance Fees
  • Zero setup or transition fees
  • Unlimited logins to web portal for the fund and investors
  • No additional AML/KYC fees per investor
  • Audit support included

Robust Technology Platform
  • Mathematically-Focused System derived from rigorous research of the fundamental principles that drive the PE industry
  • Unique Data Structure developed to efficiently transform and aggregate the data as needed
  • Flexible Algorithms meticulously designed to adapt to any requirement or edge case
  • Modularized Automation constructed to perform any required permutation/combination of processes and calculations
  • Intrinsic Validations established to preserve and ensure data quality
Investor Services, Banking and Compliance Support
  • Generate and process Commitments, Capital Calls, Distribution Notices, Transfers and Redemptions
  • Complete FATCA and CRS Compliance Support
  • Process payments and enter wires to disburse payments via dual-controlled Fund bank account
  • Automated reporting functions, including Investor Transaction updates, Bank Cash Reconciliations, Consolidated Transaction Reporting for NAV's internal Accounting Team, client reporting via web-based portals
Limited Partner and General Partner Accounting
  • Periodic NAV Reporting
  • Robust Carried Interest and Waterfall Calculation Module
  • Automated Capital Call & Distribution Calculations
  • Custom Investor Reporting
  • Flexible Performance Reporting, including IRR, MOIC, Annualized yield, and ITD Annualized ROR calculations
  • Experienced in different strategies, including Venture Capital, Leveraged Buyout, Mezzanine Debt, and Real Estate
  • General Partner Accounting Services
  • Complete Audit Support
Comprehensive Reporting
  • Generate Capital Call & Distribution Notices in your preferred format
  • Combined Capital Call and Distribution Summary
  • Delinquent Calls
  • Receivable and Payables Breakup
  • Weekly Capital Activity Summary
  • Trial Balance, Balance Sheet, Account Statement, Equity Schedule
  • Carried Interest and Management Fee Calculations
  • Schedule of Operating Expenses, Change in Trial Balance
  • Income/Expense and Balance Sheet by Investments
Capital Call & Distribution Generation
  • Calls for Investments, Expenses that Impact or do not Impact Commitment and Interest
  • Distributions for Income, Non-Recallable or Recallable Return of Capital, and Recycling Provisions
  • Reallocation, Catch-Up Rebalancing, Waterfall, Carried Interest, Tax Withholding, Reinvestment, FX Adjustment, memo adjustments
  • A computerized running Receivable/Payable ledger by Investor based on the Bank Account history
Report & Data Delivery
  • Delivery of Periodic Investor Statements,Capital Call Notices, and Distribution Notices
  • Integrated with NAVRTA to automate delivery preferences based on each investor's profile
  • Flexible Delivery options, including, Email, SFTP, Web Portal, or US Post
  • Transmission of data files to third parties as required (ie. DTCC or IRA Custodian)
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