Leverage our consultative approach to expand access to alternative investment strategies through a hybrid Securities Exchange Act of 1934 (‘34 Act) 3(c)(7) structure.
'34 Act Registered Private Funds
Unlock private markets through a ‘34 Act registered private fund
Bring private markets to qualified investors with ’34 Act registered private funds
The ’34 Act registered private funds give your investors access to alternative investment strategies that are typically difficult to reach through traditional fund structures. As demand for yield, diversification, and less correlated return sources grows, these funds help you deliver private market exposure to high-net-worth and institutional investors within a flexible, semi-liquid evergreen structure.
Ultimus supports you with a flexible service model designed to navigate the complexity of hybrid structures, delivering end-to-end support that blends private fund accounting solutions with registered transfer agency and ‘34 Act public reporting requirements.
Comprehensive fund administration support
Manage financial and SEC reporting
Access comprehensive support for quarterly 10‑Q and annual 10‑K filings with the SEC. Streamlined reporting processes help you maintain compliance, improve transparency, and meet ongoing regulatory requirements with confidence.
Gain real-time visibility into fund activity
Leverage real-time data access to monitor fund activity, capital movements, and reporting status. Centralized visibility helps you improve oversight, support decision-making, and strengthen control across operational and reporting workflows.
Expand distribution with seamless platform connectivity
Integrate with leading distribution platforms and intermediaries to support broader investor access. Seamless connectivity helps you with efficient onboarding, transaction processing, and scalable expansion across private wealth channels.
Align structure and execution from day one
Access structuring guidance and fund formation support to align strategy, structure, and operational execution. Working with our experienced team, you’ll achieve a smooth transition into ongoing operations while supporting evolving product and distribution needs.
Services and solutions
Fund accounting
Specialized accounting procedures to manage partnership structures, cash forecasting, accrual processing, and NAV reporting aligned to private market strategies.
Fund administration
Preparation and coordination of quarterly 10-Q and annual 10-K filings, preparation of quarterly/annual financial statements for inclusion in SEC reporting, coordination of audits, and expense monitoring.
Statutory distribution
Technology-driven support for statutory distribution, including FINRA advertising review, order approval, authorized participants (AP) agreement execution, registered representative oversight, and consultative guidance through the Ultimus Distribution Advantage (UDA) program.
Legal and board support
Structured governance, board reporting, and regulatory coordination aligned to recurring disclosure and oversight expectations.
Transfer agent and investor services
Integrated onboarding, transaction processing, and investor communications supporting a consistent experience across expanding private wealth channels.
Tailored solutions for diversified operational needs
Operating a ’34 Act registered private fund requires a coordinated approach that integrates private fund accounting with ongoing public reporting and disclosure obligations. Our experienced team and advanced technology support ongoing SEC filing and disclosure obligations, including Form 10‑K, Form 10‑Q, Form 8‑K, Inline XBRL (iXBRL) tagging, and US GAAP financial reporting.
In addition to meeting complex regulatory requirements, we offer seamless transfer agency integration and connectivity across custodians and distribution platforms to support high-volume investor activity.
Maintan enhanced recordkeeping
Enhanced recordkeeping supports shareholder and beneficial ownership tracking with timely updates to registries and transfer agency systems. Our structured approach to data management improves transparency, accuracy, and control across investor records and reporting workflows.
Perform partnership accounting
We offer specialized accounting for partnership-based fund structures, supporting capital allocations, investor-level reporting, and coordinated management across complex, multi-entity operating models.
Apply management and performance fees
Class-level management and performance fee tracking supports accurate calculation and reporting across multiple share classes. Leverage our experience to help ensure consistency, transparency, and alignment across complex structures.
Prepare and deliver Schedule K‑1s
Coordination with tax professionals helps you achieve efficient Schedule K‑1 preparation and delivery. Our structured processes help you maintain accuracy, meet deadlines, and deliver reliable investor tax reporting.
Benefits of partnering with Ultimus
Leverage deep operational expertise
Access experienced teams with specialized knowledge across complex fund structures, supporting accurate execution across accounting, reporting, and investor servicing.
Access end-to-end lifecycle support
Benefit from coordinated support spanning fund formation, ongoing operations, reporting, and investor servicing within a fully integrated operating framework.
Simplify operations with a single partner
Reduce operational complexity through an integrated service model that aligns accounting, reporting, and transfer agency under one provider.
Align solutions to your operating model
Implement customized solutions designed to support your fund structure, investor base, and long-term strategic objectives across evolving private market environments.
Frequently asked questions
What makes a Securities Exchange Act for 1934 ('34 Act) registered private fund different from a traditional private fund?
This is a private fund (typically exempt under Section 3(c)(7)) that voluntarily registers under the ‘34 Act, retaining private fund flexibility while adopting registered-style reporting. The partnership structure introduces tax treatment and accounting procedures. Unlike most private funds that limit investors, ‘34 Act registration allows an unlimited number of limited partners.
What reporting should you expect to support in this structure?
A full registered-reporting cadence: Form 10 registration, quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K, all with iXBRL tagging. On the fund accounting and tax side, expect partnership accounting, class-level fee tracking, and Schedule K-1 delivery.
How does Ultimus help if this is a new structure for your firm?
Through a dedicated retail alternatives practice built specifically for this hybrid model, with a senior team averaging 20+ years of Investment Company Act of 1940 ('40 Act) and '34 Act experience. We provide structuring guidance, SEC reporting, partnership accounting, board governance support, and a proprietary technology platform for real-time transparency.
How do investors receive information and communications?
Investors and advisors access the Ultimus ConnectTM Investor and Advisor Portal for statements, tax forms, and transactions, supported by straight-through processing via intermediaries that allow for efficient transaction handling and consistent access to information.
Can this operating model scale as your strategy evolves?
Yes. We support every major retail alternatives wrapper under a single operating framework, allowing you to launch new share classes, convert structures, or expand into adjacent wrappers without introducing operational disruption or requiring changes to your existing vendor relationships.