Fund Administration for Fund of Funds

NAV offers the depth of experience and flexible proprietary technology required to provide comprehensive Fund of Funds administrator services. Offering full administrative support, overall FOF status, and data for each unique fund, the highly qualified NAV team enables Fund Managers to focus on decision-making and the core business of investment strategy.

FUND ACCOUNTING

Daily, Weekly, Monthly, Quarterly or Inter - Period NAVs
Calculation of fund performance(daily, monthly, year to date, and since inception)
Management & Performance Fee Calculation
Income / Expense Allocations to Investors
Cash Reconciliation
Partnership, Multi - Series, and Equalization Accounting
Secure online portal access to accounting packages, reporting, and interactive data tools
Complete Audit Support

INVESTOR SERVICES

Process Subscriptions and Redemptions
Investor Due Diligence (AML, KYC, OFAC, ERISA)
Secure Investor Reporting & Investor Web Portal
Direct Transaction Confirmations

COMPLIANCE & REGULATORY SUPPORT

US FATCA, UK FATCA & CRS Compliance
OPERA Reporting
SEC Form PF

MIDDLE OFFICE SUPPORT

Cash Management via dual-controlled wire processing
Create and maintain waterfall models; realized and unrealized
Preparation of cash disbursements and receipts for FOF's
Recording of unrealized G / L on Investments
Prepare carried interest calculations
Calculation of Investment IRR
Maintaining complete Ledger for FOF investment
Locking period and documents management of underlying Investment funds
Verification of Fee charged by FOF's
Tracking of FoF's by Strategy or Sub-Strategy
PERA Report(Private Equity Return Analysis)
Complete Support for investor due diligence and onsite visits

FINANCIAL STATEMENT PREPARATION

GAAP and IFRS Reporting
Computation of financial highlights
Preparation of footnotes to financial statements

TAX REPORTING SERVICES

Prepare and file of US Partnership Federal tax return and state returns
Prepare and distribute Investor’s Schedules K - 1
Provide quarterly and year-end tax estimates to investors
Calculate and arrange payment of foreign partner withholding and file Form 1042,1042 - S,1042 - T for foreign investors
Responding to notices from Internal Revenue Service and states tax authorities on behalf of client
Prepare and file Composite State Returns
Prepare and File Foreign Bank Account Reports(FinCEN 114)
Prepare PFIC Annual Information Statements
Prepare and file 1099 - MISC Forms

Zero setup or transition fees
Unlimited logins to web portal for the fund and investors
No additional AML/KYC fees per investor
Audit support included

PROOF OF CONCEPT

NAV offers a complimentary, risk-free trial for existing hedge and private equity funds that qualify.

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"In our 20 years with NAV, they have delivered excellent support with responsive, timely and accurate services. We especially appreciate their high touch, dedicated professionalism and ability to customize solutions for our firm. As our business has grown and evolved in complexity, NAV has always been ahead of the curve in providing answers and advice. In terms of cost, NAV fees have always been fair and in terms of quality, NAV is superior."

SEAN DOYLE, DOYLE FUND MANAGEMENT

"I could not be happier with NAV as an administrator for our fund. Their work is timely and accurate and they have the systems and controls in place to let me sleep soundly at night. To top it off, their services are priced competitively such that even small scale emerging managers can provide an institutional quality product to investors."

MICHAEL J. LEE, HYPOTENUSE CAPITAL MANAGEMENT

“Having a dedicated hands-on administrator with the ability to customize reporting both internally and externally has helped us realize efficiencies across both our back and front offices. The knowledge, experience, and support of the NAV Fund Administration Group is an asset to our firm because they allow us to focus on our investor client base without distractions."

JASON GILBOY, GLL INVESTORS LLC

“We employ strategies that require NAV to handle high transaction volume and maintain a very diverse set of securities. NAV has also created innovative technology to deliver customized daily reports, allowing us to manage our business more efficiently. NAV has been a key service provider and valuable extension of our back office operations."

ERIC P. CRESSMAN, T2AM LLC

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