Fund Administration Assessment for In-House Administrators

Question Title

In any given quarter, approximately how much time does your team spend working on things like cash reconciliations and quarterly financial statements, capital call calculations and notices, contribution reconciliations, distribution calculations and notices, or distribution payments per entity?

0-25 hours

26-55 hours

56-80 hours

81-100 hours

100+ hours

Question Title

How do you send key documents, including K-1s and quarterly reports, to your LPs?

Via fax or physical mail

Via email

Via a secure digital portal

Question Title

Does your firm currently have a single system/platform (beyond Excel) that manages & maintains critical data, including performance metrics and capital account balances?

Yes

Question Title

How confident are you in your internal process & controls for fund administration?

Not very - We have some internal processes and controls, but most of our work is manual and subject to human error.

Somewhat - We have good internal controls that prevent most errors, but no third party has tested them.

Very - Outside auditors have reviewed and tested our internal process & controls.

Question Title

How much experience do you and your team have with different fund structures?

Not much - We can comfortably manage our fund, but we don’t have complicated accounting needs.

Some - We have some experience with complex fee arrangements and can support different fund structures if needed.

A great deal - We have extensive experience with complex fee arrangements and use innovative workflows to keep our ledgers accurate and up-to-date.