Using best in class account software GPFS maintains the general ledger following strict internal controls that are independently tested annually during our annual SOC 1 Type II audit. GPFS employees have significant experience with US GAAP, UK GAAP and IFRS as well as reporting standards issued by ILPA.
GPFS maintains and prepares:
General Ledgers
Commitment Ledgers
Memo accounts
Quarterly financial statements including coordination for the annual audit
Partner capital accounts
ILPA reporting
Regulatory reporting (AIFMD)
Investor Communications
GPFS provides clients bandwidth to focus on the broader investor needs while we manage activities such as distribution of documents, response to back office inquires and maintenance of investor portal data.
AML
GPFS offers a complete solution that will support client the AML/CDD boarding process for new investors.
Capital Call and Distribution Processing
GPFS professionals prepare and review client capital activity following strict policy and procedures to ensure compliance with fund organizational documents, accounting, and regulatory standards.
GPFS will calculate the following for client review:
Management fee and management fee waiver (deemed contributions)
Realised Carried Interest
Limited partner and general partner allocations
Investment allocations across fund structures including co-investment
Subsequent close re-balancing
Net capital calls and distributions
Remaining commitment
Capital gain or loss
Let’s Discuss Your Needs & Objectives
Even if you’re exploring outsourced fund administration for the first time or making a change in providers, we would love to talk.
