The alternative investment community has resorted to outsourcing the back-office activities to fund administrators since the financial crisis of 2008. Hedge fund managers, who seldom partnered with external institutions, were the first to turn toward administrators, followed by private equity firms that caught up a decade later. Equity fund managers are increasingly outsourcing their administration to keep up with the constant rise in regulatory pressure and investor transparency, as well as complex investment strategy and reporting requirements. Accounting and back-end processes often take up precious time from fund managers whose primary job is to generate profits for clients. To perform these tasks, Ultimus LeverPoint Private Fund Solutions (Ultimus LeverPoint) provides a suite of administration and accounting services, modern investor servicing tools, and support for fund management company entities.

Ultimus LeverPoint delivers integrated, customized services and manages the complexities within the administrative process. “We are a fund administration firm with a long standing commitment to a strategic technology roadmap and data strategy allowing us to grow efficiency and scale without sacrificing the quality of service and the ability to deliver value to our clients,” says Frank Anduiza, EVP, Head of Private Fund Sales at Ultimus LeverPoint . A large part of the firm’s business caters to alternative asset managers in the private equity and venture capital space, also providing services directed toward hedge funds.

Client relationships are valuable to Ultimus LeverPoint. During the genesis of a client partnership, the business development team establishes contact with the client to understand their business needs. Possessing thorough knowledge of the company’s internal processes, a relationship manager acts as a kind of an ombudsman, facilitating coordination between the team and the client ensuring that the highest level of satisfaction with the service is met. The accounting team also consists of certified public accountants, led by senior employees who produce client reporting and review all work done by their teams. The teams at Ultimus LeverPoint facilitate clients with the setup of fund structures, which are typically closed-end structures, utilizing their accounting portals.

Digitizing documents, ledgers and all the related information, Ultimus LeverPoint Private offers online portals to assist clients in performing accounting processes for their Limited Partners. Once all the
information is available in a digital format, APIs are incorporated to build custom-made applications. These applications can then be used by the clients to access important information and also understand them in a structured manner. Investor subscription and the back-end treasury process, in the department of investor services, can also be linked via APIs based on the digital data. Other follow-up steps can be performed in an automated fashion internally, eliminating the use of ‘human hands’ from the process.