Fund of Funds
Woodfield Fund Administration provides Fund of Funds managers with a comprehensive suite of services that increase efficiency and introduce best practices while reducing operating costs. This includes experience with vehicles whose underlying investments include both open and closed ended funds. Our team of experienced professionals provides high quality, customized solutions to relieve the manager of accounting and administrative tasks. Services include:
We will distribute offering documents to prospective investors, maintain a distribution list to comply with private offering regulations, and maintain files with signed original copies of all subscription documents.
We take care of all aspects of processing investor subscriptions and redemptions. When an investor subscribes to your fund or requests a redemption, we will perform the functions necessary to process the transaction.
Woodfield will process the capital activity into and out of your underlying investments. Including completing subscription agreements and redemption forms on behalf of the fund.
Woodfield will coordinate with your underlying funds to make sure you meet all capital calls and complete the paperwork for new commitments of the fund. Including the monitoring of cash flows and analysis funds needed based on incoming distributions and outgoing capital calls.
Woodfield will ensure your fund’s compliance with Anti-Money Laundering (AML) requirements of local regulatory bodies.
Woodfield will gather financial data and statement from all the underlying fund investments. We complete a consolidation of the financials up to the fund level and complete the accounting for the fund and produce investor statements.
Investors can opt to receive their statements via first class mail, email with an attachment, or a secure web portal.
Woodfield’s Treasury Department will perform all banking and funds transfer activities for your fund while allowing you to have the final approval for all disbursements.
Woodfield will proactively work with your audit team and tax advisors. Providing them with all the data and information they need to complete the year-end process. We are also available to answer questions.
Woodfield can prepare the initial draft of the audited financial statements including the financial highlights and other footnote disclosures.