Venture Capital and Private Equity
Fund Administration
Why IPS Administration Services?
Venture capital and private equity managers have a choice in handling the administration and accounting for their funds. Managers can hire, train and manage their own staff or they can have IPS handle the work for them.
The advantages of using IPS are as follows:
IPS is run by “Big Four” trained CPAs who specialize in investment partnerships. When you hire IPS, you put the most driven, capable and committed people in the industry to work for you. There is no need to hire and train your own accounting staff.
IPS has invested in the technology that your funds require. IPS has built a state-of-the-art technology infrastructure utilizing best-of-breed commercial and open-source solutions that provide many levels of security, function and data protection. This allows you to focus on your investments and limited partners and rest assured that your investment and limited partner data are protected.
Investment partnerships are what IPS does. Since our inception in 2001, IPS has had no other business lines and has been fully focused on servicing small and mid-sized funds.
Administration Services Provided
One of the keys to successfully operating a venture or private equity fund is structuring the fund correctly from the beginning. At the onset, IPS assists by thoroughly reviewing legal documents and resolving any discrepancies with you and legal counsel. We provide guidance in choosing bankers, attorneys, auditors, tax professionals and other service providers.
Once your fund is up and running, IPS handles your fund’s books and records. We prepare quarterly financial statements, create quarterly partner statements, allocate fund income, calculate fund distributions, track investments, calculate capital calls and calculate your fund’s internal rate of return (IRR). We also prepare your year-end financial statements and manage the delivery of information to your audit and tax professionals.
IPS works with SBICs and understands their regulatory and accounting requirements.