Private Assets
Partnership Accounting
Delivering accurate and timely accounting and in-depth reporting, backed by industry-leading systems, that addresses the complexities of private equity investments.
Partnership Accounting
The effective management and administration of private assets demands the support of people who understand each fund’s individual challenges and objectives. Backed by industry leading systems, the Maples Group delivers accurate and timely accounting and in-depth reporting that address the complexities of private assets. Our services include:
- Accounting for private assets 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 assets, complex allocations and fee calculations and monitoring the events that trigger waterfalls throughout the life cycle of each fund. Clients are further supported by FIS Investran’s industry leading fund accounting platform which captures the specific terms of each fund's allocations, fee calculations and waterfalls through robust yet flexible frameworks that optimise data and control.
Related Contacts
KNOWLEDGE
- Commencement of the Investment Limited Partnerships (Amendment) Act 2020 15 February 2021
- Pension Consolidation - Optimizing Scale and Maximizing Efficiency 25 January 2021
- CP86 2.0 and the Role of the Third Party Management Company 07 January 2021
- Scaling Smartly: Operational and Compliance Best Practices and Pitfalls 28 August 2020
- Increased Demand for Third-Party Irish Management Company Services as Regulations Change 06 August 2020
NEWS & DEALS
- Maples Group Strengthens Financial Services Regulatory Practice with New Partner Hire 13 January 2021
- Maples Group Expands Middle Office Service Offering to the Leon Levy Foundation 12 January 2021
- Maples Group Proud to Support Barnardos UK and Barnardos Ireland 17 December 2020
- Maples Group Recognised for Excellence in Private Equity and Hedge Fund Administration 10 December 2020
- Maples Group Supports Fountainhead Partners Industry-Leading FoHF 17 August 2020