Fund Administration Services

A seamless extension of your firm

Private Fund Update

Ultimus LeverPoint joined forces with Ultimus Fund Solutions in September 2019. You can read more about the acquisition here.

Click on the image to watch Private Fund industry experts share insights during a recent industry event hosted in New York City. The panel, entitled “Private Funds Update”, was moderated by Lisa Vioni, CEO of Hedge Connection, and featured speakers David MacPhee, CEO of Ultimus LeverPoint, and Krista McCoy, Chief Business Development Officer for Ultimus LeverPoint.

8231 UFS 1/15/2020

The Private Equity Fund Administration professionals at Ultimus LeverPoint work as a seamless extension of your firm. We provide Funds of all sizes customized back office and accounting solutions that increase operational efficiency of the Fund, ensure its daily operations run smoothly, and drastically reduce operational risk. Our teams will work with you to comply with all accounting and reporting requirements mandated by your Partnership Agreement. Your Limited Partners will receive accurate and timely reporting when you work with Ultimus LeverPoint.

Here is an overview of the back-office administrative and accounting services we provide for General Partnerships, Fund of Funds, Venture Capital Funds, Real Estate Funds, Special Purpose Vehicles, Blocker Entities, Co-Investment Entities, Mezzanine Funds, Credit Funds and Buyout Funds.

To all of our clients, we offer:

Partnership Accounting

  • Review and interpretation of Partnership Agreements
  • Maintain General ledger
  • Calculating and recording all capital calls
  • Calculate distribution amounts
  • Calculate management fee
  • Create and maintain waterfall models; realized and unrealized
  • Preparation of cash disbursements and receipts
  • Record unrealized gains/losses on investments
  • Prepare carried interest calculations
  • Calculation of Fund IRR
  • Assistance and coordination of annual audits

Investor Services

  • Distribution of partnership correspondence:
    • Capital call notices
    • Distribution notices
    • Quarterly report updates
    • Financial statements
    • Capital account schedules
    • K-1 and other tax reporting
    • General Correspondence
  • Maintain database of Limited Partner information:
    • Contacts
    • Addresses
    • Wire instructions

Financial Reporting: Quarterly

  • Supporting Work papers
  • Financial statements
  • Capital account schedules

Financial Reporting: Annual

  • Supporting Work papers
  • Financial statements
  • Capital account schedules

Treasury Services

  • 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

Limited Partners’ Capital Accounts and Allocations

  • Capital contributions
  • Distributions
  • Income and expense allocations
  • Management fee allocations
  • Realized and unrealized carried interest
  • Remaining Commitment

Additional Services

  • Track receipt of capital calls from investors and proceeds from investments
  • Report cash activity and balances in an agreed upon timeframe
  • Reconcile al bank accounts and provide activity reports on a monthly basis