Emerging Managers

Fund Administration and Management Company Solutions

Institutional Strength. Boutique Service.

Ultimus LeverPoint specializes in providing fund administration for emerging managers, including spin-out firms and first-time funds, by providing a high-touch approach to client service. Combining our services and solutions, technology platform, and professional expertise, we help connect emerging managers with the resources needed to launch their first fund, while minimizing costs and streamlining operations in order to meet complex fund reporting and compliance requirements.

Our emerging manager fund administration solutions will help your firm with accounting and reporting requirements mandated by your Partnership Agreement. Your firm’s principals will be left to focus on developing investor relationships and investment strategies. Your Limited Partners will receive accurate and timely reporting when you work with us.  Fund Administration is not an automated process – you can rely on Ultimus LeverPoint to be an extension of your firm.

By operating with industry recognized technology solutions, we deliver timely and accurate fund accounting and investor reporting and provide secure transfer of data, enabling us to support even the most complex fund structures.

We serve emerging managers with a high-touch approach to service, and an industry leading technology platform to support you and your investors. Ultimus LeverPoint possesses extensive experience in servicing many types of fund structures and is therefore able to provide valuable recommendations on fund operating models and best practice standards that managers may want to incorporate into the Fund’s offering documents.

By incorporating strong processes for accuracy and technical competence, Ultimus LeverPoint delivers customized solutions for emerging managers. With comprehensive written procedures to guide our activities, these processes have been constructed to ensure operational excellence and quality control throughout every aspect of our operation. Our adherence to these procedures is documented in our comprehensive SSAE18 SOC 1, Type II audit report, which is completed by Ernst & Young on an annual basis. As a result, we consistently deliver quality work on a timely basis.

Download the Brochure

Our Emerging Manager fund and management company solutions provide you with a comprehensive suite of services that increase efficiency and introduce best practices. To learn more & to download the fact sheet, please fill out the form below.

Emerging Managers
  • Review and Interpret Partnership Agreements
  • Maintain General Ledger
  • Capital Call Calculations
  • Distributions Calculations
  • Management Fee Calculation and Allocation
  • Carried Interest Calculations
  • Preparation and Maintenance of Realized and Unrealized Waterfall Models
  • Quarterly Financial Statements and Partner Capital Account Statements
  • Annual Financial Reporting, including supporting work papers and capital account schedules
  • ILPA Reporting
  • Gross and Net IRR Calculations
  • Distribution of Investor Correspondence
  • Cash Reporting Activity
  • Initiation and review of investment, vendor and distribution payments
  • OFAC and Watch List screenings on payment beneficiaries
  • Banking recommendations and bank account maintenance
  • Online banking user administration
  • Bank Account Reconciliation
  • Audit Liaison
  • 1099 Preparation
  • Planning & Implementation
    • Establishment of operational best practices and internal controls
    • Establishment of standard operating procedures
    • Immediate access to best-in-class technology plus streamlined, automated processes
  • Accounting
    • 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
  • Reporting
    • Weekly cash balance and activity reporting
    • Unaudited Financial Statements
    • Financial Statement Workbook
    • Audited Financial Statements
    • Budget to actual reporting
  • Treasury
    • Set-up and establish banking relationship
    • Prepare and review outgoing bank wire and checks
    • Perform OFAC procedure for all wire/checks prepared prior to execution
  • Additional Services
    • Coordination of payroll provider
    • Coordination of T&E Processing System
    • Establish AP Process
    • 1099/1096 Reporting
    • Commercial Rent Tax Filings
    • Sales tax filings