Management Company Solutions

Ultimus LeverPoint Private Fund Solutions provides a customizable suite of Management Company administration solutions to clients of all sizes. Our services provide customizable, adaptable and flexible accounting solutions required to support a complete turnkey solution or to supplement an internal team, providing Management Companies of all sizes the resources needed to support their in-house accounting team.

Outsourcing Management Company solutions to Ultimus LeverPoint, reduces the resources you need to support an in-house accounting team. When you outsource to our team of experienced professionals, we function as your accounting staff, effectively handling the day-to-day operations of your firm. We will handle much of the third-party communications that typically take the time of CFOs and General Partners, working closely with vendors and auditors.

The Management Company administration solutions are performed by a team of highly qualified professionals, separate from the Fund accounting team. The team of associates will work seamlessly with the CFO, Controller and in some instances, directly with the General Partners, to set up the best operating model and schedule of deliverables for the firm. In addition, the team will maintain a high level of communication throughout the engagement, including weekly team status calls, and reviews of deadlines and objectives.

We offer a range of customizable Management Company solutions for private equity firms, including:

  • Review of operational best practices and internal controls
  • Establishment of standard operating procedures
  • Immediate access to best-in-class technology plus streamlined, automated processes
  • Establish and maintain a general ledger for the Management Company Entity
  • Access to multiple accounting platforms, e.g., QuickBooks or NetSuite
  • Process Accounts Payable
    • Bill payment and expense allocations
    • Vendor authorization and maintenance
    • Access to accounts payable processing software to minimize human-error risk
  • Process Accounts Receivable and Portfolio Company Receivables
  • Process Time & Expense Reimbursements
  • Prepare all journal entries on a monthly basis
    • Depreciation Entries
    • Accrual Entries
    • Deferred Revenue
    • Allocations
  • Process payroll through a third-party provider
  • Bank reconciliation of intercompany settlements
  • Management fee invoicing
  • Monitoring fee invoicing
  • Weekly cash balance and activity reporting
  • Unaudited Financial Statements
  • Financial Statement Workbook
  • Audited Financial Statements
  • Budget to actual reporting
  • Prepare and review outgoing bank wire and checks
    • Accounts Payable
    • One off payments
  • Perform OFAC procedure for all wire/checks prepared prior to execution
    • Account Payable
    • One off payments
  • 1099/1096 Reporting
  • Commercial Rent Tax Filings
  • Sales tax filings
  • Coordination with other service providers