Private equity fund administration

Connect with a global partner for all your private equity requirements.

Success in today’s private equity space requires more than just market intelligence. As net flows steadily increase and new funds launch, you need a partner with proactive service teams and flexible solutions to help you develop your strategy.

Contact an expert

Our private equity fund administration solutions include:
 

Private equity capital calls, distributions and partnership accounting

Efficient, timely processing of capital activity for managers (GPs) and investors (LPs) as directed by the fund

Private equity fund administration

Record fund expenses, book accruals and facilitate allocations to the general partner and limited partners of the fund.

 

Fund waterfall administration

Calculation of hypothetical waterfall for financial and investor reporting and performance to determine the allocation of carried interest between the GP and the LPs for cash distributions.

 

Private equity investor relations

Interfacing with fund investors, including recording and tracking of capital commitments at fund close, performing investor KYC and AML and handling investor inquiries.

Financial reporting and audit support

Prepare quarterly and annual financial statements. Assist the auditor in their preparation and review of the annual report.

Private equity tax support

Prepare taxable income calculations and investor tax allocations. Prepare federal and state tax returns for partnerships and related entities as well as preparation of quarterly K-1 estimates, PFIC statements and FATCA/CRS compliance.

From our leaders

 

“U.S. Bank has the experience to handle a wide variety of structures and complexities, and when we partner with a PE firm with our core administration and other ancillary banking services, it helps get the fund off the ground quicker.”

Dylan Curley
Global Head of Business Development
U.S. Bank Global Fund Services

What types of private equity fund managers do you work with and what capabilities do you offer?

Our complete global private equity funds solutions, coupled with our large custody infrastructure, accommodate almost any requirements, regardless of the size or complexity of your fund. From specific investor statements, like ILPA reporting to capital account maintenance at the investor and fund levels to calculating the waterfall model based on the funds governing legal documents, our team can support all types of private equity, private credit or traded credit funds.

Strategies and insights from our thought leadership
 

Private equity and the path to opportunity

Increasingly complex back-office requirements for private equity increase the appeal of bank-affiliated administrators.

Learn more about the appeal of third-party private equity administration

Unique requirements of large private equity firms

Once the assets under management (AUM) reaches $2 billion, the service provider’s role changes.

Learn more about large private equity firm needs

Where do closed-end funds fit with your investor strategies?

With the growth in the private equity space, hear about the benefits of closed-end funds.

Learn more about closed-end funds