Private Equity Fund Administration

NAV offers a flexible suite of services and support to meet any Private Equity Fund administration requirement, including fund accounting, investor services, compliance and regulatory support, middle office functions, financial statement preparation, and tax reporting.

ROBUST TECHNOLOGY PLATFORM

Mathematically-Focused System derived from rigorous research of the fundamental principles that drive the PE industry
Unique Data Structure developed to efficiently transform and aggregate the data as needed
Flexible Algorithms meticulously designed to adapt to any requirement or edge case
Modularized Automation constructed to perform any required permutation/combination of processes and calculations
Intrinsic Validations established to preserve and ensure data quality

INVESTOR SERVICES, BANKING AND COMPLIANCE SUPPORT

Generate and process Commitments, Capital Calls, Distribution Notices, Transfers and Redemptions
Complete FATCA and CRS Compliance Support
Process payments and enter wires to disburse payments via dual-controlled Fund bank account
Automated reporting functions, including Investor Transaction updates, Bank Cash Reconciliations, Consolidated Transaction Reporting for NAV's internal Accounting Team, client reporting via web-based portals

LIMITED PARTNER AND GENERAL PARTNER ACCOUNTING

Periodic NAV Reporting
Robust Carried Interest and Waterfall Calculation Module
Automated Capital Call & Distribution Calculations
Custom Investor Reporting
Flexible Performance Reporting, including IRR, MOIC, Annualized yield, and ITD Annualized ROR calculations
Experienced in different strategies, including Venture Capital, Leveraged Buyout, Mezzanine Debt, and Real Estate
General Partner Accounting Services
Complete Audit Support

COMPREHENSIVE REPORTING

Generate Capital Call & Distribution Notices in your preferred format
Combined Capital Call and Distribution Summary
Delinquent Calls
Receivable and Payables Breakup
Weekly Capital Activity Summary
Trial Balance, Balance Sheet, Account Statement, Equity Schedule
Carried Interest and Management Fee Calculations
Schedule of Operating Expenses, Change in Trial Balance
Income/Expense and Balance Sheet by Investments

CAPITAL CALL & DISTRIBUTION GENERATION

Calls for Investments, Expenses that Impact or do not Impact Commitment and Interest
Distributions for Income, Non-Recallable or Recallable Return of Capital, and Recycling Provisions
Reallocation, Catch-Up Rebalancing, Waterfall, Carried Interest, Tax Withholding, Reinvestment, FX Adjustment, memo adjustments
A computerized running Receivable/Payable ledger by Investor based on the Bank Account history

REPORT & DATA DELIVERY

Delivery of Periodic Investor Statements,Capital Call Notices, and Distribution Notices
Integrated with NAVRTA to automate delivery preferences based on each investor's profile
Flexible Delivery options, including, Email, SFTP, Web Portal, or US Post
Transmission of data files to third parties as required (ie. DTCC or IRA Custodian)

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.

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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

“As our firm has grown, NAV has seamlessly adapted to our increased operational and regulatory needs through customization of their technological, administration and reporting systems. In our opinion, their fund administration services are excellent and we look forward to continuing this great relationship."

SCOTT BARNES, FORT LP

“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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