Specifications include, but are not limited to: A Provider must be able to provide: For each account, the following Middle- and Back-office services: Preparation and filing of entity regulatory filings/reports. Ensure connectivity with all major custodians, to instruct on any amounts to pay or receive as needed. Verification of valuation, cash and position reconciliations. Prepare profit and loss reporting detailed by categories to meet client monitoring requirements. Provide portfolio exposure monitoring and customized reporting dashboards for all co-investment positions. For each account, the following Accounting Services: Calculate fund net asset values and capital account balances. Reconcile cash and co-investment positions at position, sponsor and total program levels. Provide independent valuation of portfolio co-investments in accordance with relevant requirements. Prepare monthly books, including but not limited to general ledgers, P&L schedules, loan waterfalls etc. Prepare portfolio reporting including position reports detailing cost, market value and unrealized gains and losses, tailored to the account’s requirements. Calculate and record expenses, management fees, incentive fees etc. as needed. Prepare schedules as needed for use by independent external auditors. Prepare financial statements for the account.
