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Fund Solutions
Pre-to-Post Launch All Support and Services
Pre-Launch Support Services
- Assistance in opening Fund bank accounts
- Assistance to set up fund /share class in Bloomberg and other data channels
- Support and guidance with Fund launch
- Reviewing the Offering documents, subscription & redemption documents, and other constitutional documents
- Introduction to the Lawyers, auditors, tax advisors, banks, and brokers
- Guidance in selecting the Lawyers, auditors, tax advisors, banks
- Stock exchange listing (CISX)
- Assistance to obtain ISIN
Accounting, Valuation, Calculation & Portfolio
- Adhering to fund pricing policy & process and maintenance of valuations accordingly
- Annually Net Asset Values reporting options
- Automated trades capture
- Automation of Performance and Management fees calculation
- Calculation of Dividend, Waterfall and distribution
- Computation of Income and Expense accruals
- Correspondence with Fund banks, custodians, brokers, third party valuers
- Creation of a funds pricing policy process and maintenance of verification accordingly
- Daily, Weekly, Monthly, Quarterly and Annually Net Asset Values reporting options
- Daily, Weekly, Monthly, Quarterly, Semi-Annually, and Disbursing fees
- Equalization (Fixed /floating hurdle rate) support
- Independent Verification of Portfolio to ensure accuracy and accountability
- Maintenance of books and records
- Payment of standard non-trading related payments approved by Fund
- Preparation of annual financial statements including audit support
- Recording and reconciling all corporate actions of the portfolio
- Series accounting (Fixed /floating hurdle rate) support
- Supports the calculation of Management Fee and Incentive Fee/Carried Interest
- Two level of the review process for payment release
FATCA & CRS
- Appointment of FATCA Reporting Officer and point of contact
- Fund's investor identification and classification to be compliant with FATCA and OECD
- Intermediary Identification Number (GIIN)
- Perform detailed due diligence review
- Record Fund Investor classification complaint with FATCA and OECD CRS
- Registering the FFIs with the IRS and obtaining the Global Intermediary Identification Number (GIIN)
- Registration of Fund with local tax authorities
- Reporting of FATCA and CRS as per regulatory requirements
Investor Services
- AML and World-Check screening
- Calculation of distribution fees
- Confirmation of Subscription, redemptions, switch, transfers and capital calls to investor
- Maintenance of the Share register
- Movement of subscription monies to broker account from subscription account once AML completes
- Payments of redemption proceeds in accordance with Offering Memorandum
- Perform Investor risk assessment and maintain investors risk rating record
- Perform periodic risk reviews and AML checks on investors
- Prepare Form 64 C (Tax Statement) to be issued to investors and necessary supporting to be sent to Investment Manager
- Processing commitments, Capital calls and Distributions
- Processing the Subscription, redemptions, switch, transfers and capital calls in line with Fund's offering document
- Reporting of Net Asset Values and Fund performance to investors
- Response to investor requests on a timely basis
Financial Statement Preparation
- Preparation of unaudited financial statements in conformity with relevant accounting standards
- Regulatory reporting support
US Tax Reporting
- K-1 preparation and distribution
- Partnership Representative Services
- PFIC statements
Shadow NAV Services
The shadow NAV is the official NAV produce by Administrator completed in order to verify the NAV calculation. It may be completed by fund manager or it may be outsourced. Some investors require that a fund manager have a proper shadow NAV accounting process in place. The reason is that the official NAV generated by the Fund administrator is error free and reduces the chance of a NAV restatement. By having the Administrator and Shadow NAV Accounting provider proactively engage in independent cross-checking, NAV errors are greatly mitigated and NAV delivery times quickened
- Authentication of calculations for Fund balances and distribution
- Confirmation of management fees/ performance fee
- Independent cross-checking to mitigate NAV errors and timely delivery of the NAV
- Parallel NAV accounting to ensure accuracy and redundancy against primary administrators
- Review of AML documents
Interested in Kairne Corporate Solutions
Complete the form below, and our team will contact you or write us a mail contact@kairne.in