Fund Administration
Established in 1998, Ipes has successfully pioneered a fresh approach to private equity fund administration based on working in partnership with clients to provide them with tailored support throughout the lifecycle of their investments.
We administer all types of private equity fund, including fund of funds, mezzanine funds, buyout funds and venture capital funds. We also provide administration services for special purpose vehicles, trusts, management companies and carry vehicles.
Our comprehensive range of fund administration services includes:
- Assistance with establishment of funds, including project management
- Review of placing memoranda and supporting documentation from an operational perspective
- Coordination and liaison with legal advisers, regulators, custodians, auditors, directors and investors
- Assistance with regulatory consent process
- Management of compliance and due diligence requirements
- Opening bank accounts
- Compliance and licensing
- GL and accounting set up
- Investor report design to industry best practice (EVCA, BVCA)
- Maintenance of full accounting records of the fund including nominal ledger
- Calculations of fees and accruals
- Preparation of financial statements
- Coordination of the audit process and statutory reporting
- Preparation of financial statements, in conformity with relevant industry bodies
- Coordinating and arranging UK tax, European tax as relevant, K1 and other US tax reporting
- Provision of independent directors
- Assistance with identification of independent non-executive directors
- Company and partnership secretarial services for GPs, LPs, holding companies and carry structures
- Provision of registered office
- Maintenance of minute books and statutory records
- Maintenance of fund, share and partnership registers
- Convening meetings, providing company/partnership secretaries and preparing necessary filings
- Processing of statutory returns
- Administration of SPVs registered in other jurisdictions
- Internal Control and Risk Management
- Oversee and monitor the investment process
- Ensure compliance with investment restrictions
- Safe keeping
- Oversee custodian accounts where necessary
- Liaison with other jurisdictions regarding the formation and maintenance of holding companies for investments
- Managing investor contacts
- Investor reporting via web, email or hard copy
- Processing of all investor-related transactions, including capital call activity, distributions and transfers of interest
- Responding to investor enquiries
- Ongoing investor verification, ensuring compliance with AML and KYC requirements
What our clients say
"Ipes looks at ways to eliminate costs/improve returns with respect to our banking partners, even ways to raise our firm's profile through the joint sponsorship of technical articles for publication in industry journals."
"The benefits of dealing with a specialist team were evident and following our experience we would certainly work with Ipes again"
For more information, please contact Justin Partington.
