Fund Administration
Trust Our Expertise
Veritas has extensive experience in the private equity and venture capital industry.
Before starting Veritas, Philip Limeri held several senior management positions specific to the industry, including CFO for private equity and venture funds with capital commitments ranging from $60 million to $900 million, founder of a private equity advisory firm and director of risk management-private equity.
We provide a complete outsource solution for small-cap funds from the start-up phase to the investment and wind-down phase. Our services include fund administrative services to the primary fund and co-invest fund, outsource CFO and full accounting services for the management company.
Trust Our Expertise
Veritas has extensive experience in the private equity and venture capital industry.
Before starting Veritas, Philip Limeri held several senior management positions specific to the industry, including CFO for private equity and venture funds with capital commitments ranging from $60 million to $900 million, founder of a private equity advisory firm and director of risk management-private equity.
We provide a complete outsource solution for small-cap funds from the start-up phase to the investment and wind-down phase. Our services include fund administrative services to the primary fund and co-invest fund, outsource CFO and full accounting services for the management company.
Startup and Formation
- Open bank accounts, set up an accounting general ledger for the fund, management company and other related entities
- Set up partner capital accounts subledger
- Prepare templates for capital calls, distributions and quarterly/annual capital statements to partners
- Accounting for all “hard” closings of the fund, including “true-up” calculations
- Review all operative documents to summarize terms and provisions for:
- financial reporting and accounting,
- tax reporting,
- capital call and distributions,
- partnership expense classification,
- management fee calculation,
- water-fall model and/or special allocations among partners
- Open bank accounts, set up an accounting general ledger for the fund, management company and other related entities
- Set up partner capital accounts subledger
- Prepare templates for capital calls, distributions and quarterly/annual capital statements to partners
- Accounting for all “hard” closings of the fund, including “true-up” calculations
- Review all operative documents to summarize terms and provisions for:
- financial reporting and accounting,
- tax reporting,
- capital call and distributions,
- partnership expense classification,
- management fee calculation,
- water-fall model and/or special allocations among partners
Fund Accounting and Administration
- Record all transactions in the general ledgers of the fund and all related entities
- Maintain the partner capital account subledger for all capital flows and income/loss allocations
- Capital call and distribution management
- Prepare periodic financial statements and partner capital statements for reporting to partners
- Set up and administer documentation and record retention
- Oversee annual financial audit and preparation of tax return and distribution of K1s to partners
- Record all transactions in the general ledgers of the fund and all related entities
- Maintain the partner capital account subledger for all capital flows and income/loss allocations
- Capital call and distribution management
- Prepare periodic financial statements and partner capital statements for reporting to partners
- Set up and administer documentation and record retention
- Oversee annual financial audit and preparation of tax return and distribution of K1s to partners
Management Company Accounting and Administration
- Record all transactions in the general ledger
- Prepare periodic financial statements and partner capital statements for reporting to partners
- Set up and process payroll
- Handle all bill paying, accounts payable, travel/expense reports processing, invoicing for fees and receivables
- Provide year-end budgets
- Facilitate tax return preparation
- Record all transactions in the general ledger
- Prepare periodic financial statements and partner capital statements for reporting to partners
- Set up and process payroll
- Handle all bill paying, accounts payable, travel/expense reports processing, invoicing for fees and receivables
- Provide year-end budgets
- Facilitate tax return preparation
Contact Us
We'd be delighted to hear from you!
Veritas Advisory, Inc.
Phil Limeri
Bell Works
101 Crawfords Corner Road
Suite 4-101R, Attention Colab
Holmdel, NJ 07733
Call us at 732 673-7762, or use this form to drop us a line.