Broadscope

The Fund Administrator for Private Equity

Broadscope is a part of the Apex Group. As a combined business we have the ability to reach globally, service locally and provide cross-jurisdictional solutions. This powerful partnership results in a combined team of 500 locally based employees across the Americas, administering 578 private equity funds and supporting the most well-known institutional PE investors in the USA. 

With $120bn AuA in private equity assets in the Americas alone, clients are at the heart of everything we do. Our local team in the region is dedicated to delivering a personal service with an unrivalled
knowledge of the local market. Our senior team has provided high-quality fund administration to the private equity industry in the US for over 25 years and we have a focus exclusively on the private equity industry.
Being part of the Apex Group allows us to deliver that locally enhanced relationship, with the backing of a global business that provides access to new markets. 

Partnering with Broadscope and the Apex Group enables our clients to transform their cost and operational base, and to focus on investment activity and drive business’ performance and growth.

Our service model is built on: 1) experienced and knowledgeable staff, 2) proven quality controls and 3) secure, state-of-the-art technology. Each client is assigned a dedicated team of professionals who are reliable and proactive. The team leader is your single point of contact, it works on every aspect of your fund’s operations from beginning to end. They take great pride in being a meaningful extension of your team.

 

Our client team approach fosters an environment that promotes the communication of critical information and the timely review of significant transactions.

 

Key benefits:

  • Single point of contact.
  • Significant depth and support.
  • Reliable and responsive.
  • Full CFO function or extension of your in-house team.
Private Equity, Infrastructure and Real Estate Funds

Accounting, reporting and investor detail is maintained in a secure data environment in the cloud, accessible via the client extranet, our secure, two-way communications portal. Online access and dynamic reporting capabilities provide real-time data access 24×7 — and your reports are easily downloadable in various formats.

 

  • Dedicated client service team of experienced professionals.

  • Secure, flexible and customizable state-of-the-art technology.

  • Streamlined business processes; capital calls, distributions, carried interest calculations.

  • Full tax support; reconciliation to books, tax allocations by investor by K-1 Line item.

  • Proactive compliance assistance for AML, FATCA, CRS, Form PF and other regulatory matters.

​Private Credit Funds

Accounting, reporting and investor detail is maintained in a secure data environment in the cloud, accessible via the client extranet, our secure, two-way communications portal. Online access and dynamic reporting capabilities provide real-time data access 24×7 — and your reports are easily downloadable in various formats.

 

  • Dedicated client service team of experienced professionals.

  • Secure, flexible, customizable state-of-the-art technology.

  • Loan amortization and reconciliation; cash and PIK interest tracking.

  • Streamlined business processes; capital calls, distributions, carried interest calculations.

  • Full tax support; reconciliation to books, tax allocations by investor by K-1 Line item.

  • Proactive compliance assistance for AML, FATCA, CRS, Form PF and other regulatory matters.

Fund of Funds
Accounting, reporting and investor detail is maintained in a secure data environment in the cloud, accessible via the client extranet, our secure, two-way communications portal. Online access and dynamic reporting capabilities provide real-time data access 24×7 — and your reports are easily downloadable in various formats.
 
  • Dedicated client service team of experienced professionals.

  • Secure, flexible, customizable state-of-the-art technology.

  • Full treasury function support.

  • Reconciliation of underlying fund investment account and remaining capital commitment.

  • Weekly cash available reconciliation; tracking all scheduled capital calls and distributions.

  • Track key metrics of portfolio investments held by underlying fund managers.

  • Streamlined business processes; capital calls, distributions, carried interest calculations.

  • Full tax support; tax estimates, reconciliation to books, tax allocations by investor by K-1 Line item.

  • Proactive compliance assistance for AML, FATCA, CRS, Form PF and other regulatory matters.

​Institutional Investor Portfolios

We provide cash management, accounting and reporting services to institutional investors managing large portfolios of alternative investment funds. Your portfolio and other accounting data are integrated into one seamless, customized system — no patchwork of different technologies, no workaround processing. This facilitates efficiencies and dramatically reduces the risk of error. Each workflow process is designed to provide you with timely access to your portfolio data for review as needed.

 

  • Dedicated client service team of experienced professionals.

  • Secure, flexible and customizable state-of-the-art technology.

  • Full treasury function support.

  • Comprehensive accounting and reporting.

General Partner Entities

The accounting and investor data for your general partner entities is integrated with the same seamless, customized system used for your investment funds. As a result, related transactions are recorded simultaneously. This dramatically increases accounting and reporting efficiencies. Immediate access is available to you for review as needed — and your data and reports can be easily downloaded in various formats.

 

  • Full treasury function support.
  • Comprehensive accounting and reporting.
  • Full tax support; reconciliation to books, tax allocations by investor by K-1 Line item.
  • Look through tracking of carried interest allocations.
Management Companies

We provide accounting, tax and administrative services required to support your management company. These services are provided by the same client service team who administers your investment funds and general partner entities. Our management company administrative offering completes the full turnkey solution that complements our comprehensive suite of fund administration services.

 

  • Maintain the detailed books and records; provide balance sheet and profit and loss statement of actual vs. budget.
  • Facilitate all cash transactions, including review and processing of vendor invoices and classifying expenses and income.
  • Assist with invoicing and collection of amounts due from portfolio companies.
  • Coordinate annual budget with officers of the management company.
  • Assist independent tax accountants by providing supporting documentation for tax preparation.
Regulatory and Compliance Assistance

An essential element to our full-service fund administration offering is assisting our clients in fulfilling their compliance responsibilities. Our compliance assistance begins with understanding your specific compliance program, developing procedures to support the program, automating data maintenance and reporting routines and assisting with regulatory examinations.

 

AML / KYC

  • Review investor subscription documents for overall completeness and accuracy.
  • Review and retain investor identity documentation.
  • Confirm investor identity (“KYC”) documentation utilizing relevant search databases.
  • Screen investors and transferees against relevant databases including OFAC and other global governmental watch lists.
  • Perform Politically Exposed Person (PEP) screenings for each investor and transferee.
  • Provide the CCO with access to investor screening information.
  • Inform the CCO of any red flags.

 

FATCA / CRS

  • Classify investors in accordance with FATCA and CRS designated status.
  • Review data relating to each foreign investor and intermediary.
  • Coordinate U.S. and foreign country tax residency indicia review.
  • Maintain all relevant FATCA and CRS data for each foreign investor and intermediary.
  • Track investor status, refresh date of IRS forms, GIIN numbers and other data and documentation.
  • Coordinate filing of IRS Forms 1042 and 1042s.
  • Coordinate annual filing of FATCA and CRS Reports.

 

Form PF

  • Collect and maintain data for all private funds managed by client, including identifying information, asset values, financing arrangements, investor concentration and fund performance data.
  • For clients with at least $2 billion of PE assets, utilize our automated system to collect all required data from each underlying investee company deemed to be a controlled portfolio company.
  • Coordinate annual filing of Form PF.

Broadscope Offices

95 N State Route 17, Suite 304 Paramus, NJ 07652  (MAP)

160 Federal Street, Suite 1302 Boston, MA 02110  (MAP)

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