Back Office Support Services for Private Equity Funds
Cendrowski Corporate Advisors back office operation support permits private equity fund managers to concentrate on the fund’s core operations, minimizing administrative costs and ensuring data integrity. Our services represent variable costs to the fund that can quickly increase with demand or decrease during off-peak times and include:
- Financial Reporting – Fund and portfolio company financial reporting for limited partners and fund managers, monitoring of portfolio company performance
- General Accounting – Bookkeeping functions, posting journal entries, account reconciliations, preparation of financial statements, management of operating cash
- Capital Accounting – Tracking cash intake, basis in entities, maintenance of investor capital accounts, calculation of distributions
- Tax Services – Preparation of tax returns, tax consulting for portfolio companies and the fund, tax representation
- Business Valuation – ASC 820 (formerly FAS 157) compliant mark-to-market portfolio company valuations for fund return calculations
- Preparation of Investor Communications – Fund return calculations, investment reports, capital call notices
- Principal Tax Planning – Understand principals’ tax liabilities and goals, develop a plan to minimize tax liabilities, enhance after-tax return on investment.
Our Approach to Back Office Support Services
Transferring responsibility for back office support services, like financial reporting, accounting, tax, valuation, and other ancillary operations, to an independent third party assures limited partners that they receive timely and accurate information. Administrative resources at the fund level are freed up to permit managers to focus on scouting, screening, and harvesting deals. Costs to private equity firms are further decreased, as these operations are typically borne by the private equity fund, not the general partners.
Outsourced back office operations can also:
- Assimilate all necessary information for fund managers, reducing the need to “chase information”
- Increase investor confidence in financial reporting and portfolio company valuation
- Easily increase or decrease with demand throughout the fund’s life
- Are performed by licensed industry specialists
- Facilitate third-party control on movement of funds
John Alfonsi Panelist at the 2023 Mid-Market Deal Makers Symposium
Join us in congratulating John Alfonsi on being selected as a Panelist at the 2023 Mid-Market Deal Makers Symposium on January 10th – 13th. This year’s exclusive symposium for Deal Makers members will be held at the luxurious SLS South Beach in Miami, Florida. Deal Makers members are coming together for networking, education, and fun. […]
Read More
GGI World Conference Recap
Attending GGI World Conference is just one way we expand our knowledge. We also broaden our access to an extensive network of expertise and contacts through GGI Global Alliance. That opens a world of resources to benefit you. Harry Cendrowski attended Montreal’s GGI World Conference as global chair of the GGI Trust & Estate Planning […]
Read More
October 2022 Smart Business Dealmakers Conference: Chicago
Join Harry Cendrowski on Wednesday, October 12, 2022 at the SMART BUSINESS Dealmakers CONFERENCE in Chicago. Cendrowski Corporate Advisors returns to this fall conference as a sponsor and host committee member. In a session presented by Cendrowski Corporate Advisors and Alex. Brown (a division of Raymond James), Harry moderates a lively discussion on creating liquidity […]
Read More