Fund Services Private Equity

Launching a private equity fund can be a daunting process that is made all the more difficult by both the complexity and competitiveness of the current market environment.  The Maples Group’s legal and fund administration teams bring the expertise and experience necessary to support private equity general partners (GPs) throughout the launch process.  Our services include:

• Review of all legal documentation including limited partnership agreements, private placement memoranda and other supporting documentation, from an operational perspective
• Ensure all agreements are in place and regulatory filings completed
• Management of compliance and due diligence requirements including Know Your Client (KYC) and anti-money laundering (AML) limited partner (LP) verification
• Ongoing coordination with intermediaries including legal advisors, auditors, regulators and custodians
• Establishing the general ledger and creating a chart of accounts for the fund
• Establishing an online reporting portal tailored to GP and LP specifications

We provide the highest levels of client service and offer a single point of contact who will manage the relationship from the on-boarding process through to the ongoing daily operational interactions with the GP and LPs.  At the same time, we leverage our global operating model to ensure clients can benefit from our collective knowledge and multi-jurisdictional expertise.

Operating in the private equity sector requires the support of service providers who understand a fund's unique challenges and objectives and can expertly address its complexities.  Backed by industry leading systems, the Maples Group delivers accurate and timely accounting and in-depth reporting that address the complexities of private equity investments.  Our services include:

• Accounting for private equity investments including direct and co-investment opportunities and special purpose vehicle investments across various jurisdictions
• Processing expense payments and ensuring they are in accordance with fund policies
• Reconciling cash and positions to third party statements or relevant transaction documents
• Performing waterfall calculations and determining carried interest in accordance with fund documents
• Preparation of financial statements for the fund, including relevant note disclosures under IFRS or GAAP accounting standards and assisting in the audit process by providing relevant accounting records and supporting schedules
• Generating Form PF and Annex IV regulatory filings on the firm's assets

Our experienced teams are led by qualified accountants with expertise in accounting for private equity investments, complex allocations and fee calculations and monitoring the events that trigger waterfalls throughout the life cycle of each fund.  Clients are further supported by the industry leading private equity fund accounting platform, Investran, which captures the specific terms of each fund's allocations, fee calculations and waterfalls through robust yet flexible frameworks that optimise data and control.

Investors have become increasingly sophisticated and are demanding greater transparency into their investments.  The Maples Group provides tailored solutions to facilitate connectivity and ongoing communication between private equity GPs and LPs.  Our services include:

• Performing investor due diligence, including KYC and AML services, in accordance with applicable jurisdictional AML legislation
• Processing capital calls, distributions and expense payments on behalf of the fund
• Maintaining the investor register of the fund
• FATCA and CRS filings
• Operating bank accounts in required currencies on behalf of the fund
• Providing secure, online access to investor reporting including contract notes, statements, notices and other ancillary documents and correspondence
• Providing timely responses to ad hoc enquiries from investors and their authorised representatives

We provide an exceptional client service experience for both the GP and LPs and take a high touch approach to delivering the information they need.  Further supporting this approach is our robust and intuitive online reporting platform which provides secure, on-demand web access to a variety of current and historical documents including capital statements, call and distribution notices, quarterly and annual financial statements, market updates and newsletters, and other relevant fund information so that LPs can have a clear view into their investments.