Fund Services
Comprehensive solutions,
managed by us.
At Flagship, our forte lies in delivering a broad spectrum of fund administration services, meticulously crafted to cater to the distinct requirements of Venture Capital, Private Equity, and Real Estate funds.
Drawing from a rich tapestry of experience and spearheaded by a cadre of adept professionals, our offerings encompass the entirety of the fund administration process — from the initial onboarding phase right through to the preparation of financial statements.
Just as with our foundational services, this specialized suite stands as a testament to our unwavering commitment to excellence and client-centric approach.
FUND/INVESTOR ONBOARDING
FUND ADMINISTRATION
INVESTOR SERVICES
TREASURY SERVICES
Financial Statement Preparation
FUND/INVESTOR ONBOARDING
Navigating Complexity, Simplifying Start
Effortless and streamlined onboarding is the foundation for successful fund administration. Our seasoned professionals navigate you through each step of the onboarding journey, adhering to both regulatory mandates and industry-leading standards.
From amassing required documents to conducting meticulous due diligence, we manage it all, expediting your fund’s operational readiness. You focus on
sourcing investors and opportunities; we ensure the capital is readily accessible and deployable.
Our Pledge to You
- We’ll establish clear timelines from the outset and handle the onboarding seamlessly.
- Regular touchpoints with you and your essential service providers will be a priority for us.
- Expect our insights and perspectives on your fund offering materials.
- If there’s a need, we’ll facilitate the initiation of your fund bank accounts.
- Should you choose, we’ll communicate directly with investors to gather all pertinent KYC documents.
- We commit to aligning the format and timeliness for issuance of investor reporting and communications.
FUND ADMINISTRATION
Precision in Performance
Prompt, precise, and transparent financial accounting and administration is crucial for insightful investment strategy formulation. Leveraging cutting-edge technology, our specialists manage every facet of your fund accounting needs—be it daily ledger maintenance, asset allocations, or calculating management fees and performance waterfalls. Through comprehensive reports and analyses, we offer unparalleled visibility into your fund’s fiscal well-being.
Our objective is to craft a client experience that feels personalized; we aspire for our fund accounting professionals to be perceived as an extension of your in-house team, as this synergy forms the core of our service delivery model.
Our Services Encompass:
Financial Maintenance & Reporting:
- Maintaining books and records as per fund governing documents.
- Preparing financial statements, including maintenance of trial balance and supporting docs, in accordance with relevant accounting standards.
- Preparing NAV packages tailored to any reporting frequency, encompassing a detailed trial balance, balance sheets, and income statements.
Account Tracking & Reconciliation:
- Monitoring and reconciliation of all cash movements.
- Tracking of accounts payable, accrued expenses, and non-trade related cash movements.
- Recording all portfolio transactions within the accounting framework.
Investment Oversight:
- Tracking costs and valuations of investments.
- Offering fund and individual investment IRR computations.
- Delivering specific investment-level reporting metrics upon request.
Investor & Fund Management:
- Calculating and reporting management fees.
- Maintaining fund waterfalls and calculating carried interests.
- Handling investor allocations and subsequent close calculations.
These offerings ensure comprehensive financial management and investor relations upkeep for your fund.
INVESTOR SERVICES
Cultivating Relationships
Establishing and preserving robust investor relations is paramount. Our investor services specialists deliver exceptional support, managing inquiries from investors, facilitating capital calls, coordinating distributions, and generating capital statements, among other communication tasks. This approach guarantees that your investors remain consistently informed and engaged involved for the fund’s entire lifespan.
Included Services:
- Executing the initial and all subsequent capital calls throughout the investment period.
- Managing investor wiring instructions for both capital distributions and fund liquidations.
- Keeping investor contact details up to date, encompassing email carbon copies.
- Handling investor transfers.
- Generating investor capital statements.
- Ensuring distribution of all documents to investors, including call and distribution notifications, capital account summaries, audited financial reports, K1s, and other pertinent investor communications.
TREASURY SERVICES
Optimizing Cash Flow
Effective treasury oversight is essential for maximizing fund liquidity and mitigating risks. We provide a full suite of treasury solutions, from cash flow orchestration and supplier payment facilitation to real-time cash position analysis. Our forward-thinking strategies guarantee that your fund maintains the requisite liquidity to capitalize on investment prospects.
Included Services:
Facilitate the opening of bank accounts.
Overseeing user access credentials for the banking interface.
Handling all vendor payment operations.
Tracking of all incoming and outgoing account activities.
Financial Statement Preparation
Transparency in Action
Preparing accurate and timely financial statements is crucial for adhering to compliance standards and fostering transparency. Our specialists prepare comprehensive financial statements in accordance with industry standards and regulatory requirements. This empowers you to fulfill your reporting obligations while instilling trust among your investors and key stakeholders.
We have a dedicated team of qualified accounting professionals that prepare financial statements for our client’s funds entities in conformity with the relevant accountings standards, such as IFRS and US GAAP.
Included Services:
- Preparing draft annual financial statements in accordance with applicable accounting standards.
- Compiling cost-roll/market value roll and additional proofs to validate figures in financial reports.
- Drafting supplemental notes to financial statements, encompassing significant accounting policies, updates to recent/new accounting standards, required and supplemental disclosures, and subsequent events.
- Coordinating with the auditor concerning necessary documentation and audit schedules.
- When necessary, finalizing and submitting the financial statements and annual returns to regulatory bodies (CIMA, BIA, etc).
Flagship provides
comprehensive solutions
Flagship’s international management team provides comprehensive solutions to cater to all your accounting needs. Reach out to us for a full list of services.
