Funds
Our Position
Fund managers live and die by their reporting. Investors expect precision — on NAV, on performance attribution, on waterfall mechanics. A single error in an LP statement or a capital account that doesn't reconcile erodes trust that takes years to build.
We provide institutional-grade fund finance across the full fund lifecycle — from formation and structuring through to investor reporting, waterfall calculations and portfolio company accounting. Accurate, timely and built to the standard your LPs demand.
Our Capabilities
Institutional Fund Finance
The decisions made at formation define every financial obligation that follows. We work alongside legal counsel to ensure the financial and economic architecture of the fund — fee structures, carry mechanics, co-investment rights and entity design — is built correctly from the outset.
Accurate NAV is non-negotiable. We manage the full accounting function for the fund entity — from capital call and distribution processing through to quarterly NAV calculations that reconcile cleanly and can withstand audit scrutiny.
LP reporting is a relationship, not a compliance exercise. We produce quarterly and annual investor reports that are clear, consistent and reflect the standard institutional LPs expect — covering performance, portfolio updates and capital account statements that reconcile to the penny.
Waterfall calculations are where disputes are born. We build and maintain waterfall models that reflect the exact economics of the LPA — preferred return hurdles, catch-up provisions, carried interest tiers and clawback obligations — so distributions are defensible and agreed before they are made.
A fund is only as strong as its portfolio companies' financial discipline. We provide ongoing financial monitoring across portfolio holdings — standardising reporting, tracking performance against investment thesis and producing the management information your investment team needs to manage positions actively.
Token-native fund structures require a different kind of expertise. We bring institutional fund accounting rigour to crypto-native vehicles — from on-chain NAV calculations and token treasury accounting to LP reporting for digital asset strategies. Explore our digital assets practice →
Our Approach
Fund Review
We review the LPA, existing accounting setup and reporting obligations before agreeing scope — no assumptions.
Framework Design
We build the accounting framework, waterfall model and reporting templates aligned precisely to the fund's structure and LP expectations.
Ongoing Accounting
Capital events, NAV calculations and LP statements processed accurately and on schedule — every quarter, without exception.
Reporting & Audit
LP reports and annual financials prepared to institutional standard, with full audit support through to sign-off.
Who We Serve
Private Equity Funds
Fund accounting, LP reporting and waterfall modelling for buyout and growth equity managers across all fund sizes.
Private Credit & Debt Funds
Loan accounting, PIK interest tracking, covenant monitoring and LP reporting for direct lending and private credit vehicles.
Venture Capital
Portfolio company monitoring, fair value assessments and investor reporting for early-stage and growth-stage venture funds.
Emerging & First-Time Managers
Full outsourced fund finance for emerging managers who need institutional-grade infrastructure without institutional-grade overhead.
Family Offices & SPVs
Entity accounting, co-investment vehicle administration and reporting for family offices managing complex investment structures.
Digital Asset Funds Specialist
On-chain fund accounting and LP reporting for crypto-native vehicles and token-based investment structures. Explore our digital assets practice →