Fund Administration
Our fund administration solution offers a complete and holistic service for VCs: from bookkeeping, financial statements and management company through portfolio management up to analytics of the portfolio companies and building software.
- Valuation of portfolio companies for the financial statements
- Management fees calculation according to the LPA including catch up and late payment interest and deemed contribution (if any)
- NAV calculation
- Preparation of profit and loss statement
- Fund’s IRR calculation
- Preparation of the trial balance
- Annual audit information for the auditors as well as ongoing communication
- Traditional fund administration services and more
Portfolio Management
Our portfolio team is analyzing every investment round (cap table, SPA, AOA) with SerVC’s software to present the results on three levels:
Fund Administration
Per Portfolio Company
Portfolio Summary
We present complete information about each and every round of the portfolio companies including:
- Cost – Amount invested in each share class
- Current valuation per share class
- Pre and post money valuation
- % Holding per round
- Original and valuated PPS
- Lead investors
Fund Bookkeeping
Our Bookkeepers have extensive experience in the VC industry. We summarize the LPA for financial purposes and maintain the following records:
- Bookkeeping for the fund according to the Tax Ruling and the LPA
- Bank reconciliation
- Prepare a quarterly trial balance
- Capital Calls and Distribution
- Maintain valuation in the book
Company Management
Our portfolio team is analyzing every investment round (cap table, SPA, AOA) with SerVC’s software to present the results on three levels:
- Budget vs. Actual
- Salary payment, social benefits
- Monthly reports to the authorities
- Travel Expenses report an allocation of expenses
- Ongoing monthly payments for Income Tax, National Insurance & VAT
- Bank Reconciliation
- Cash flow and Tax planning for the company and its GPs
CFO & Controller
Our Controllers and CFOs are VC industry professionals who can help navigate the complex ecosystem of fund accounting.
- Fund models. Number of tools to build and analyse fund’s models for fundraising and models for follow-on reserves for investments during the fund’s life cycle.
- Answering the investors’ questionnaires
- Calculation of: Management fees, catch-ups, late payment Interest, Carried Interest, discounts for LPs
- Gross and Net IRR
Financial Investor Relations
SerVC’s CFO and Controllers are familiar with all the investors’ requirements, needs, side letters, etc. The CFOs are involved in the annual general meetings and get to know the LPs and their needs.