
Author: Bobby Dormanesh You were part of a historic year for private equity, which included record deal flow, fund raising, and fund launches. As you get ready to ta...
Author: Bobby Dormanesh
You were part of a historic year for private equity, which included record deal flow, fund raising, and fund launches. As you get ready to take on 2022, it is important to think about your back-office support of fund administration.
Back-office support is a key element to ensuring that you are not running into roadblocks on your journey throughout the investment life cycle. It requires a special expertise to safeguard your investments. You need to integrate your portfolio companies, set a path for owner transition, report to your investors, comply with reporting requirements, and the list goes on.
A strong back-office support team will reduce the administrative burden to make more time for raising and investing capital. At CLA, we come alongside to help clients with our fund administration and fund outsourcing teams.
Our fund administration team will help you by:
• Providing you access to industry experts
• Improving investor financial reporting
• Implementing world class best practices
• Maintaining secure business and investor information
Our fund outsourcing team can support your finance and accounting needs off-site or at your location. Some ways can help include:
• Owner transition
• Providing transaction support, monthly reconciliations, payroll processing, sales tax compliance, and assisting with month-end close
• Accounting software selection and implementation
• Financial statement and audit preparation
• Budgeting, forecasting, projections, and cash flow management
• Business income tax management
As you move forward, consider how you internally allocate your resources and if your back-office operations are appropriately filling your needs efficiently and effectively. You increase the operational efficiency of your investments, but is there an opportunity to do it internally as well?
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