Fund of Funds

Ultimus LeverPoint will work with you to comply with all of the accounting and reporting requirements mandated by your Partnership Agreement. Investors will receive accurate and timely information when you choose to partner with us.

As your fund grows, we have the ability to tailor our services to include AIVs, blocker corporations and carried interest vehicles. Our teams will work with you to comply with all accounting and reporting requirements mandated by your Partnership Agreement. Your Limited Partners will also receive accurate and timely reporting when you work with Ultimus LeverPoint.

  • 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
  • Record values quarterly
  • 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
  • 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
  • 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
  • Perform 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 timeframe
  • Reconcile all bank accounts and provide activity reports on a monthly basis