Asset Management Industry Support
SDDCO Fund Services LLC (SDDCO-FS)
SDDCO Fund Services LLC ("SDDCO FS") offers accounting and administration solutions to hedge funds, fund of funds, private equity funds, and other investment managment firms. SDDCO FS empoys the Advent Axys and Advent Partner software systems to accommodate diverse client needs.
Asset Management Firm Services
For our asset management clients, our services include the on or offsite maintenance of books and records for the underlying investment vehicles (LP's or LLC's), the general partner, and the management company, and we calculate the individual account balances for each investor. At SDDCO, we have developed proven formats for creating your periodic capital calls and investor statements. In addition, we assist in the computation of management fees and their ultimate tracking through collection.
Private Equity Fund Services
SDDCO FS provides outsourced administration and comprehensive solutions to PE funds.
We can:
We can:
- Manage the fund record keeping
- Deliver timely and accurate reporting
- Reconcile cash accounts
- Compute profit and loss allocations
- Compute fund management fees and performance fees
- Track partnership reimbursable expenses paid by manager
- Review your capital call and capital distribution spreadsheets
- Oversee the preparation of periodic investor account
statements - Prepare your funds’ financial statements
- Assist management with outside audits
- Prepare form K-1s for tax reporting
Hedge Fund Services
SDDCO FS professionals offer support to managers of small and midsized domestic and offshore hedge funds who do not choose to outsource the full administration of their fund.
We can:
We can:
- Maintain the fund’s monthly accounting records including
the individual account statements - Calculate the fund related fees including administration,
performance and management fees -
Compute income and expense allocations
-
Calculate the fund's monthly or quarterly Net Asset Value (NAV)
- Calculate Partners Capital Account (PCA) balances
monthly or quarterly - Oversee the preparation of periodic investor account
statements - Direct electronic downloads from your prime brokers to our
accounting software - Prepare the funds’ financial statements
- Assist management with outside audits
-
Prepare form K-1s for tax reporting