Fund Operations & Administration

Calculate NAV, reconcile positions against custodians and prime brokers, process corporate actions, manage fund expenses, and produce the daily/monthly NAV that investors rely on. For PE/VC, it's quarterly valuations, waterfall calculations, and the carry allocation that the GP cares deeply about. Manage multi-currency, multi-entity structures with side pockets, investor-level performance, and the audit trail that your external auditor scrutinizes. The month-end close is a gauntlet of reconciliation, accruals, and sign-offs.

Calculate daily, weekly, or monthly net asset values for funds — pricing every position, accruing income, amortizing premiums, allocating expenses, and handling the special cases (side pockets, gates, equalizing credits) that make fund accounting different from corporate accounting. A NAV error is a regulatory event.