A complete suite of services that deliver best-in-class fund administration
Fund Administration Expertise
STP’s fund services include accuracy over books and records, investor account statements, financial reporting, NAV calculation, audit, and tax support.
- Process subscription and redemption requests following fund guidelines
- Send financial statements and other related materials to investors
- Organize and maintain documents, contracts, agreements, and investor correspondence
- Produce fund fact sheets and other fund materials
- Simplify and streamline fund subscriptions
Shadow Accounting Services
Our fund services team brings expertise and business sense to each client engagement. Shadow accounting functions you can count on us to oversee:
- Preparing trial balances based upon managers or relevant third-party sources
- Price portfolio holdings based upon the fund valuation policy
- Calculate and record management fees and performance incentives
- Calculate Fund NAV
Management Company Services
Management Company Services from STP provide managers with CFO-level support for their Management Company and GP entities, integrated seamlessly with our fund administration platform. STP will:
- Management Company & GP accounting
- AP/AR and vendor payments
- Cash flow modeling and forecasting
- Internal controls and risk oversight
Unlike traditional administrators or accounting firms, STP delivers integrated fund + management company services through a single partner. This simplifies your operations, reduces vendor risk, and gives investors greater confidence.
Fund Structures We Support
Hedge Funds
Private Equity Funds
Venture Capital Funds
Fund of Funds
Real Estate Funds
40 Act Funds (Shadow Accounting)
Bringing Fund Administration into the Digital Era
Fund administration has historically run on antiquated business processes, but STP seeks to go into the future of administration by adding greater transparency into the data. STP is equipped to expand upon traditional fund administration offerings by:
- Providing unique data views
- Packaging fund services with compliance
- Ensuring secure processes and control for the most dependable fund administration services.
Key Fund Services Capabilities
Fund Administration
- Generate profit & loss
- Calculate daily/monthly/quarterly NAVs
- Provide independent valuations
- Reconciliation/verification of portfolio to brokers & custodians
- Calculation and allocation of fund expenses
- Tax and audit support
- Prepare financial statements
Investor Services
- KYC & AML exercises
- Subscription, redemption, & transfer processing
- Cash management
- Investor reporting and portal
- Maintain share register of investors
- Assist with the opening of operation of fund bank accounts
Middle & Back Office Services
- Trade capture and processing
- Security master, pricing, and data enrichment
- Cash and collateral management
- Shadow NAV / NAV Reconciliation
- Fund performance and attribution
- Fund factsheets
- Update consultant databases
Common Challenges in Fund Administration Outsourcing and How to Overcome Them
Outsourcing fund administration can be a strategic move for investment management firms, offering numerous benefits such as cost savings and access to specialized expertise. However, it's not without its challenges. Here, we explore the common pitfalls firms may encounter and provide practical solutions to overcome them.
