Ultimus LeverPoint Private Fund Solutions is a leading boutique Fund Administrator, providing expertise in accounting to our Real Estate clients. We are dedicated to service excellence, using industry expertise, paired with exceptional client service, to deliver a suite of solutions to support your fund’s needs.
Ultimus LeverPoint’s understanding of real estate and use of industry leading technology enables us to deliver a comprehensive set of real estate services, including accounting, reporting, investor relations and SPV administration. Our solution includes the administration of your fund, as well as intermediary holding and property companies. Structures we support today include closed-ended funds, as well as separate accounts, fund of funds, and hybrid funds with liquidity provisions.
Partnership accounting can be complex but by outsourcing your Real Estate Fund Administration to us, you can leverage our expertise and infrastructure to support complex Fund investments and structures, leaving you with capacity and resources to focus your efforts on managing portfolio investments, optimizing capital raising efforts, and better servicing your investors.
- Review of Offering Materials prior to launch
- Establishment of bank accounts and financial controls
- Distribution of Offering Documents
- Processing of Subscription / Capital Commitment documents
- Anti-Money Laundering compliance
- Customized design of quarterly investor reports
- Issuing capital calls and management of the call process
- Consolidation of property-level financial statements
- Property level working capital analysis for Valuation presentation
- REIT accounting and financial reporting
- Compilation of REIT testing
- Fund accounting and financial reporting
- Calculating management fees, preferred return, carried interest, and IRRs
- Maintenance of capital accounts
- Waterfall computation
- Investor accounting (allocations and fees)
- Calculation of dividend distributions and DRIP (if applicable)
- Customized investor reporting
- JV / Co-Investment / SPE/SPV/AIV accounting and reporting
- Support for multi-currency
- Access to reports and distribution of key documents and investor statements via web-portal
- Online access to key financial information such as investor contributions, distributions, rates of return and fund level financial data
- Banking and treasury functions / payment of fees and expenses
- Calculation and processing of distributions
- Audit and tax support
- Due diligence inquiries including financial highlights and footnote disclosures
- Property level requisition processes
- Supporting Work papers
- Financial statements
- Capital account schedules
- Coordinate the set-up of bank accounts
- Administer online banking portals
- Ability to work with multiple financial institutions
- Review wires and checks as directed for all cash movements of the Fund and related entities
- Preform OFAC procedures for all wires prepared prior to execution
- Track receipt of capital calls from investors and proceeds from investments
- Report cash activity and balances in an agreed upon time frame
- Reconcile all bank accounts and provide activity reports on a monthly basis
- Distribution of partnership correspondence:
- Capital call notices
- Distribution notices
- Quarterly report updates
- Financial statements
- Capital account schedules
- K-1s and other tax reporting
- General correspondence
- Maintain database of Limited Partner information
- Contacts
- Addresses
- Wire information
- Supporting Work papers
- Financial statements
- Capital account schedules
- Capital contributions
- Distributions
- Income and expense allocations
- Management fee allocations
- Realized and unrealized carried interest
- Remaining Commitment