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Fund administration and accounting

Langham Hall provides a range of services to funds, special purpose vehicles, joint ventures, trusts, carry vehicles, co-investment vehicles and management companies. Our services include:

Set up

  • assistance with fund formation;
  • anti-money laundering (AML) and Know Your Client (KYC) limited partner / investor verification;
  • review of operational documentation including limited partnership agreements (LPA), prospectus, private placement memoranda (PPM), trust deed or memorandum and articles;
  • introduction to intermediaries including legal advisers, auditors, tax advisers and compliance consultants;
  • oversight and assistance with regulatory set up;
  • opening bank accounts;
  • set up of general ledger and mapping to underlying charts of accounts;
  • investor reporting tailored to fund manager specification incorporating industry best practices; and
  • introduction of independent non-executive directors.

Administration

  • maintenance of limited partners’ capital accounts;
  • upkeep of company or partnership registers;
  • maintenance of limited partners subscriptions / investor contacts;
  • calculation of capital calls, distributions and transfers of limited partners interest;
  • timely response to limited partners / investors questions;
  • independent carry calculations in line with LPA;
  • administration of issues and redemptions;
  • oversight of the investment process ensuring alignment to investment criteria set out in the LPA;
  • provision of registered office;
  • company secretarial services;
  • preparation of regulatory filings;
  • General Partner (GP) meetings;
  • processing of statutory returns;
  • ongoing compliance with anti-money laundering requirements;
  • provision of Compliance Officer and/or Money Laundering Reporting Officer;
  • VAT, CIS and Non Resident Landlord reporting;
  • ensuring compliance with jurisdictional regulatory requirements; and
  • FATCA reporting.

Accounting

  • investor reporting;
  • preparation of financial statements;
  • maintenance of full accounting records of the fund including nominal ledger;
  • calculation of net asset values (NAVs);
  • calculations of fees and accruals;
  • treasury, including facilitating payment of fund level expenses;
  • oversight and coordination of the audit process;
  • provision of  information required for tax returns;
  • preparation of VAT returns; and
  • coordination of information from property or development managers.