Private Equity

Ultimus Fund Solutions offers a comprehensive suite of services to private equity fund managers which increases efficiency and introduces best practices while reducing operating costs. Private equity fund managers can count on our team of experienced professionals to generate high quality, customized solutions. In addition, we provide a flexibility that is unmatched in the industry, ensuring that managers needs are met in a timely manner.

We combine a team of experienced private equity accountants with an accounting system specifically designed for private equity funds. This system allows us to methodically calculate management fees and carried interest and create detailed fund and investor performance reports. It accounts for investments denominated in foreign currencies, investor capital activity, special allocations and enables us to produce consolidated financial statements at any level of the entity.

Learn more about Ultimus’ comprehensive private equity services on this downloadable sheet or contact us for further information regarding our complete private fund administration services.

  • Accounting

    For each reporting period, Ultimus gathers all portfolio-level financial data and information and provides clients with a set of comprehensive financial statements for each entity. The Ultimus team has extensive experience producing financial statements for General Partner entities and subsidiary entities. Including offshore blockers, SPEs formed to hold portfolio companies, and other SPE structures. In addition, we are capable of handling complex foreign currency translation calculations for offshore entities and are well-versed in accounting for side car, co-investment, joint venture and general partner carry entities.

  • Process Subscriptions

    We process investor subscriptions including:

    • Review and approve all subscription forms
    • Issue confirmation notices
    • Communicate deficiencies in subscription documents
    • Maintain original copies of all executed subscription documents
  • Capital Commitments

    We maintain a roster of capital commitments, calls met and calls outstanding

  • Capital Calls
    • Issue capital calls and confirmation notices
    • Review sources used to fund accounts
    • Track funds received
  • Distribution
    • Complete distribution calculations
    • Issue confirmations
  • Anti-Money Laundering

    At Ultimus we take due diligence activities very seriously, therefore we perform the Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance requirements, including:

    • Verifying investor identity
    • Documenting transactions
    • Verifying fund origins
    • Verifying transferee identity
    • Checks against AML watch lists, including the Office of Foreign Assets Control (OFAC) list
  • Financial Controls

    Applying a robust set of financial controls which are in place to protect investors, Ultimus’ system relies on the principle of joint control (Fund and Ultimus) on the movement of money and also separation of duties within Ultimus. In addition, bank accounts are held at banking institutions with levels of security and safeguards.

  • Accounting for GP Carry Vehicle

    We have extensive experience accounting for GP Carried Interest Vehicles. A comprehensive set of financial statements, including full general ledger detail, investor statements, and performance reporting are produced for the carry vehicle on a regular basis.