FTS Fund Administration Services
The private equity and real estate industry is a fast paced dynamic industry, with recent changes in regulatory oversight and the ongoing investor demands for transparency in reporting are forcing EXPENSES UP and FEES DOWN.
We can help investment managers focus on maximizing investor returns by taking over their middle and back office administrative, accounting and tax functions. Providing these services more efficiently and responding to investor demands more expeditiously creates operational alpha.
We have the experience and expertise to perform a diverse set of private equity and real estate investment management services, customized specifically to your needs. Our team has decades of experience in dealing with multiple domestic and international real estate, both private and public.
Our mission is to provide an array of innovative accounting and financial services to both the real estate and private equity industry. We can provide turnkey full service accounting functions or scale our services to meet your needs.
Outsourced CFO Services
What We Offer - Accounting and Administrative Services
Monthly bank reconciliation
Process and pay invoices submitted by Management
Process wire transfers for client execution
Review transactions with Client to understand financial implications, reporting and accounting issues
Record transactions and maintain the general ledger
Record expenses of Client in specific categories
Calculate management fees at the Fund level and by LP, including fee credits/rebates, offsets and waivers
Maintain investment information
Record purchases and capitalized costs
Record investment income
Record proceeds from sales and related gains/losses
Prepare general ledger and trial balance
Prepare annual financial statements and full footnotes
Prepare quarterly financial statements and footnotes
Prepare individual partner capital account statements
Compute allocation of partner profits and losses
Prepare quarterly and annual performance calculations
Compute preferred return
Perform waterfall calculations
Perform carry and claw-back calculations
Assist auditors with annual audit, liaise with audit staff
Prepare work paper package for year-end financial audit
Calculate necessary debt covenants and prepare reports to be provided to banks and/or credit facilities
Work with client to assist in the preparation of their track record
Review Fund Documents and structure, related to reporting requirements, fee calculation, preferred return and promote calculation
Establish points of contact with client
Establish controls and authorizations
Develop the chart of accounts
Set-up Partner database/ Contact Information
Set-up online investor reporting portal if desired by Client
Calculate capital contributions and distributions on an individual partner basis
Prepare capital call and distribution notices and disseminate to partners
Monitor bank accounts to confirm capital calls are received
Notify client of outstanding capital calls
Update Partner cash flow records/capital account statements
Track Partner remaining capital commitments & recallable capital
Prepare supplemental quarterly and annual reporting required by institutional investors
Coordinate and respond to LP inquiries
Provide required supporting information
Maintain contact information and wire instructions
Review and/or prepare all Federal, State and local tax returns
Provide periodic tax projections
Tax planning, guidance and research
Assistance with RIA compliance