Private Equity Fund Administration

The Private Equity Fund Administration group at Avance has experienced industry professionals who understand the intricacies of private equity funds and appreciate the sensitivity of accurate and timely preparation and submission of fund reports.

Avance offers the following services for the administration of Private Equity Fund(s):

Capital Call/Distribution calculations, issuance, and mailing of notices to partners
Adjustments of capital accounts, subject to additional investors, during the investment period
Cash management, recording of all transactions, monthly bank reconciliations
Calculation of General Partner’s carried interest by creating/updating the portfolio realization/current income/unrealized waterfall models
Calculation of periodic management fees, recording of the offsets, and capital call for the fees
Preparation of Quarterly and Annual Financial Statements (with/without footnotes)
Preparation of Partners’ Capital Account Statements
Liaise with external auditors in the interim and year-end audit process
Review Limited Partnership Agreements, Private Placement Memorandums, Subscription Agreements, and Side Letters.

Management Company Administration: We are pleased to offer the following services by the Management Agreement:

Creation of chart of accounts, General Ledger and Trial Balances
Preparation of budget(s) variance analysis with actuals
Payment of the management company expenses
Cash management, intercompany reconciliations, and monthly bank reconciliations
Preparation of monthly profit and loss statement(s).