Private Equity Fund Administration

As a specialist in the field of private equity administration, SS&C GlobeOp’s Private Equity services encompass all aspects in the life of a fund, including consultation in the creation of partnership documents, the offering process, investor and fund manager reporting, tax allocations and partnership closing.

SS&C GlobeOp’s Private Equity Fund Services professionals are experts in accounting, tax, treasury, investor services, applications, information technology and online services. Our private equity and administrative expertise results in a reduction in your administrative burden and adds value to the quality of service you deliver to your investors.

SS&C GlobeOp’s services are maximized by designating an experienced team of professionals to each client ensuring all needs are met and expectations are exceeded. Our team approach guarantees clear communication among all SS&C GlobeOp resources, providing each client the highest level of service, technology and support.

Key considerations in selecting an administrator for your direct lending fund

The growth of alternative finance in Europe is no longer an emerging trend. Non-bank lenders have cemented their role as a viable alternative source of funding. As direct lending funds take on some of the risks and processes historically managed by banks, a clear challenge has emerged: how can they gain rapid access to the necessary infrastructure to support new activities?

Independent Services for Private Equity Funds

Accounting Services

  • Investment and general ledger transactions
  • Financial and capital account statements
  • Capital calls and distributions
  • Investor allocations, including waterfall calculations
  • Record investment valuations
  • Prepare performance calculations
  • Coordinate annual audit of the funds

Investor Services

  • Maintain investor databases and perform annual mailing to update all information
  • Perform all follow-up required for defaulting investors
  • Scan all documentation for management and disaster recovery purposes
  • Process all investor mailings, capital calls, distributions, tax estimates and K-1s
  • Web reporting services including via client branded Limited Partner Portal

Treasury Services

  • Open and administer bank accounts
  • Prepare bank and stock reconciliations
  • Track distributions and proceeds
  • Process wire transfers and distribution checks
  • Purchase foreign currency and perform foreign currency transactions

Tax Services

  • Prepare U.S. Federal, State and Local tax returns, and Schedule K-1s
  • Prepare additional entity tax filings and tax estimates as requested by the Client
  • Maintain tax capital accounts and investment roll forwards
  • Collection of K-1s from underlying fund managers, if applicable
  • Provide digital K-1 packages by investor by fund
  • W9/W8 compliance
  • Coordination with CPA firm’s annual tax review

Fund of Fund Services

  • Cash Management including executing wires, monitoring cash activity, providing cash flow analysis, and reconciling bank accounts
  • Archiving all documents received from the underlying limited partnerships including legal documents, capital calls, distributions, partners’ capital statements, financials, and K1s
  • Processing of stock distributions (public and private) and preparation of stock distribution packages for management approval
  • Underlying Portfolio Data aggregation (pierce through reporting) including maintaining schedules of investments, recording quarterly transactions and working with fund managers to ensure all required data elements are captured

Compliance Services

  • Form PF – Web application allowing for completion of Form PF including status tracking, alerts, data retention, multi-level review and online submission capabilities. SS&C’s Form PF utility can be used on a standalone basis or integrated with the PE Administration Services to streamline data capture.
  • FATCA – SS&C’s comprehensive solution for FATCA compliance enables complete lifecycle assessment to identify, manage and report on the FATCA status of investors, allowing funds to ensure compliance while minimizing business and operational risk.

Professional Services

  • Implementation and historical data conversion
  • Systems training for client users
  • Workflow analysis