How often do you calculate NAV?

We follow the schedule set out in your LPA — typically quarterly for venture and PE funds. We can also provide interim or on-demand NAV calculations when needed, such as for secondary transactions or GP reporting.

Do you handle multi-currency funds?

Yes. We support multi-currency accounting including FX conversion at period-end, realised and unrealised currency gains and losses, and reporting in your fund’s base currency.

What accounting standards do you follow?

We prepare financials in accordance with IFRS, US GAAP, Luxembourg GAAP, UK GAAP, and other local standards depending on your fund’s jurisdiction and LPA requirements.

How do you coordinate with our auditor?

We work directly with your appointed auditor. We prepare all confirmation letters, supporting schedules, and investment documentation they need. Most of our clients tell us that audit season is significantly less painful than with their previous administrator.

Can you produce custom reports for institutional LPs?

Yes. We routinely handle bespoke reporting requirements from institutional LPs, including ILPA-aligned templates, ESG reporting, and custom data extracts.

What happens if we need to restate a NAV?

We handle the recalculation, update all affected capital accounts, communicate the change clearly, and ensure the audit trail reflects the correction.

Accurate books. On-time reporting. Zero surprises.

Your LPs expect institutional-grade financials — regardless of your fund size. We handle NAV calculations, capital account maintenance, financial statements, and investor reporting so you can focus on deploying capital.

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Comprehensive fund accounting, from first close to final distribution

NAV Calculations & Valuations

We calculate your fund’s Net Asset Value on the schedule your LPA requires — quarterly, semi-annually, or on demand. Every NAV is backed by a clear methodology, documented assumptions, and full audit-readiness.

Fair value and cost-basis valuations
Unrealised and realised gain/loss tracking
Multi-currency support with FX conversion
Side pocket and co-investment allocation

Capital Account Maintenance

Every investor’s capital account is tracked precisely across the life of the fund — contributions, distributions, fees, carry, and clawback provisions — all in line with your LPA terms.

LP-level capital account statements
Management fee calculations (committed vs. invested capital basis)
Carried interest and waterfall modelling (American, European, hybrid)
Catch-up, clawback, and preferred return tracking

Financial Statement Preparation

We prepare your fund’s financial statements to the standard your auditor expects, in the format your jurisdiction requires.

IFRS and local GAAP-compliant financials
Balance sheet, income statement, statement of changes in net assets
Notes to financial statements and schedules of investments
Coordination with your appointed auditor

Treasury & Cash Management

We manage the day-to-day cash operations of your fund so payments go out on time and cash positions are always visible.

Capital call execution and bank reconciliation
Distribution processing and payment tracking
Cash flow forecasting and liquidity monitoring
Multi-currency account management

Investor Reporting

Your LPs get professional, timely reports that reflect well on your operations. We produce and distribute quarterly and annual reports as a core deliverable.

Quarterly investor reports and capital account statements
Annual audited financial statements
K-1 / tax reporting packages (US) and equivalent forms by jurisdiction
Custom reporting for institutional LPs with specific requirements
Digital delivery through your investor portal

Built into your fund from day one

Fund accounting with Infra One is not a bolt-on. It is configured during fund formation and runs continuously through the life of the fund.

1

Fund Structure & Chart of Accounts

During setup, we configure your fund’s chart of accounts, fee structures, waterfall terms, and reporting calendar based on your LPA and side letters.

2

Ongoing Transaction Processing

As your fund operates, we record and reconcile every transaction against your bank accounts and investment records.

3

Period-End Reporting

At each reporting period, we produce NAV calculations, capital account allocations, financial statements, and investor reports.

4

Audit & Tax Support

When audit season arrives, we work directly with your auditor and tax advisor — preparing confirmations, supporting schedules, and handling information requests.

Why emerging managers trust us with their books

Multi-jurisdiction expertise

We operate across nine jurisdictions and understand the reporting standards and regulatory requirements in each.

Emerging manager economics

Your $20M Fund I gets the same team, quality, and turnaround as larger funds — regardless of AUM.

Technology-enabled accuracy

Automated reconciliation, allocation calculations, and report generation reduce manual errors and keep your books current.

Fund accounting questions

Your fund deserves books you can trust

Talk to our fund accounting team about how we handle NAV calculations, investor reporting, and audit coordination for emerging managers.

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