Venture Fund Administration
Venture Fund Administration
Kranz offers CFO consulting and full back-office support to venture capital firms, private equity funds, crypto funds, and special purpose vehicle entities. We can provide quality back-office accounting and administration for funds, general partner entities and management companies. Our experienced Venture Capital CFO’s can work with you as a strategic partner.
Our team of experts can help you with:
- Fund Formation
- Fund Administration
- Management Company
Services we deliver
Fund Formation
- Review partnership and operating agreements
- Distribute and track subscription agreements
- Review “Know Your Customer” (KYC) and “Anti-Money Laundering” (AML) documentation for each investor
- Introduction to Audit and Tax professionals
- Assist with initial FINRA filings
- Assist with new bank accounts and securing capital call lines
- Establish a process for cloud storage of investor and investment opportunities
Fund Administration
- Quarterly financial statements and capital accounts
- Assist with portfolio valuations
- Capital calls and distributions
- Quarterly Fund key metrics; i.e. net “Internal Rate of Return” (IRR),
“Total Value to Paid In” (TVPI), “Distribution to Paid-In” (DPI), or other requested metric - Liaison for year-end audit and tax services
- SEC/FINRA filings
- Timely response to Limited Partner inquiries
- Maintain investment documents and quarterly portfolio financial data
Management Company
- Expense budgeting and budget to actual reporting
- Vendor setup and annual 1099 tax forms
- Establish payroll with a third-party service provider and process payroll
- Expense reimbursements to employees and partners
- Liaison for annual tax preparation and quarterly tax estimates
Key contacts
Thomas Muscarella
CFO, Venture Fund Administration Practice LeaderWorking towards a better future.
The collective sum of the individual differences, life experiences, innovation, self-expression, unique capabilities, and talent represents a significant part of our culture, reputation, and achievement as a company.
We are constantly working to cultivate an environment of authenticity and inclusivity at Addison Group, our family of brands, and our clients and candidates through employee-led initiatives.
Contact our DEI task force today about ways to partner towards a better tomorrow.
