Venture Capital Fund Administration

Fund accounting can be tedious and complex. Ultimus LeverPoint is a leading Fund Administrator that uses expertise, paired with superior customer service, to deliver a suite of services to support your Venture Capital Fund needs. 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.

Fund Administration is not an automated process – you can rely on Ultimus LeverPoint to be an extension of your firm.

Partnership Accounting

  • Review and interpretation of partnership agreements
  • Maintain general ledger
  • Calculate and record all capital calls
  • Calculate distribution amounts
  • Calculate management fee
  • Create and maintain waterfall models; realized and unrealized
  • Prepare cash disbursements and receipts
  • Record unrealized gains/losses on investments
  • Prepare carried interest calculations
  • Calculate Fund IRR
  • Assist with and coordinate annual audits

Investor Services

  • 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

Financial Reporting: Quarterly

  • Supporting work papers
  • Financial statements
  • Capital account schedules

Financial Reporting: Annual

  • Supporting work papers
  • Financial statements
  • Capital account schedules

Limited Partners’ Capital Accounts and Allocations

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

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
  • Perform OFAC procedures for all wires prepared prior to execution

Additional Services

  • 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