Support real estate, infrastructure, and natural resource strategies with a technology-driven fund administration model built for institutional complexity and high-touch service.
Real Assets
Real asset fund administration for complex structures
Comprehensive real asset fund administration tailored to your diverse property portfolios
Our experienced team will help you operate across the full range of real asset structures, including closed-end and open-ended funds, real estate investment trusts (REITs), joint ventures, debt funds, co-investment structures, separate accounts, and multi-entity vehicles. By partnering with Ultimus, you’ll reduce operational burden and maintain your focus on investing, capital raising, and strengthening investor relationships.
Real asset operations aligned to your investment structures
Maintain control across complex fund structures
Maintain control across complex fund structures with coordinated fund accounting, capital activity, and investor reporting. We help managers navigate multi-entity investment vehicles, joint ventures, co-investments, and evolving investor requirements through consistent processes, transparent reporting, and disciplined operational execution.
Execute capital calls, distributions, and waterfalls with precision
Capital activity drives acquisitions, debt servicing, and investor returns across your portfolio. We'll help you execute capital calls and distributions aligned to your waterfall and carry structures, maintaining accuracy, compliance, and clear communication across investors and operating entities.
Deliver transparent, institutional-quality investor reporting
Support timely capital account reporting, capital call and distribution notices, waterfall allocations, and performance reporting aligned to investor expectations and governing fund documents. Through disciplined processes and consistent reporting standards, we’ll help you provide investors with clear visibility into fund performance, capital activity, and allocations across complex vehicles.
Coordinate audit, tax, and regulatory requirements
Reduce friction across audit and compliance services and improve overall preparedness. We streamline your audit and tax processes through organized financial records, supporting schedules, investor allocations, and coordination with external auditors and tax advisors directly.
Services and solutions
Fund-level accounting and financial reporting
Maintain fair value accounting aligned with applicable standards, tax basis accounting under IRS requirements, multi-entity consolidation across SPVs, HoldCos, and alternative investment vehicles, and coordinated financial reporting under US GAAP.
Investor services
Deliver investor statements, fund financial statements, capital activity notices, K-1 packages, AML/KYC workflows, and secure portal access aligned to institutional investor expectations.
Treasury services
Receive end-to-end treasury and cash management support, including processing of payments, through technology enabled structured workflows that maintain control across various structures.
Management company solutions
Offload the day-to-day demands of running your management company and refocus your team on fundraising and deal sourcing. We serve private equity, venture capital, real assets, and fund of funds sponsors with financial reporting, accounts payable, expense allocation, fee and carry calculations, payroll, and travel and expenses (T&E), available standalone or bundled with other services.
Benefits of partnering with Ultimus
Enhance governance and operational controls
Strengthen operational oversight and investor confidence with institutional-quality fund administration.
Execute capital activity with greater accuracy
Execute capital calls, distributions, and waterfall allocations with precision, improving accuracy and consistency across investors and operating entities.
Strengthen financial reporting and investor transparency
Maintain consistent NAV reporting, capital account maintenance, financial statement preparation, and investor communications.
Reduce operational complexity across structures
Reduce administrative burden by standardizing workflows across closed-end and open-ended funds, REITs, joint ventures, debt funds, separate accounts, multi-entity vehicles, and co-investment vehicles within a unified operating model.
Scale real asset portfolios without operational strain
Scale real asset portfolios efficiently with integrated operational support that improves accuracy, control, and scalability.
Technology as a force multiplier
Our technology is a powerful efficiency engine that empowers you, helping you gain real-time insight, respond faster, add value, and deliver better experiences for your investors.
Deliver secure, centralized reporting for real asset investors
Provide your investors with secure, centralized access to fund reporting, capital call and distribution notices, and communications across your real asset portfolios. We manage the Ultimus ConnectTM Private Investor Portal with you, aligning permissions and delivery to your fund structure, property vehicles, and investor requirements.
Simplify complex real asset waterfall calculations
For real asset funds with bespoke incentive, promote, or fee structures, the Ultimus Connect Waterfall Engine supports precise modeling and transparent outcomes. Ultimus works with you to configure fund-specific terms, run scenario analyses, and deliver auditable, investor-ready results for your real estate or infrastructure vehicles.
Frequently asked questions
What does real asset fund administration include?
Real asset fund administration encompasses fund accounting, NAV calculations, capital calls and distributions, investor servicing, treasury services, regulatory compliance, tax support, and consolidated property-level reporting—all tailored to your portfolio's needs.
How do you handle real asset fund compliance?
We track AML/KYC, investor accreditation, FATCA/CRS, and covenants like DSCR, with automated controls and audit-ready records to minimize your regulatory risk.
How do you support real asset fund scalability?
Our standardized procedures and integrated platform handle multiple fund structures (REITs, JVs, PropCos), setting a foundation for your expansion without proportional admin increases.