Our Services

South Watch offers a wide array of private equity and venture capital administrative services. We have helped hundreds of fund managers focus on priorities – their portfolio and investors – by handling everything from fund accounting and tax preparation to outsourced CFO and audit support services.

Please contact us if you have questions about our services or would like more information about how South Watch can help your business.

What Makes South Watch Different?

Focus

South Watch doesn’t want to be the largest fund administrator in the industry. We want to be one of the largest factors in your success. By focusing on small to mid-tier managers we are able to align our experience and expertise with your needs.

Collaboration

South Watch is committed to working closely with clients to become true partners in their business. South Watch fosters cooperation and looks to actively participate in our clients success.

Team

South Watch utilizes a team approach to our services. Our partners, managers and staff work as a cohesive unit to gain a full understanding of your business from investor servicing to fund accounting to year end financial reporting. When you have questions our team will have the answers.

Fund
Administration Tax
Preparation Outsourced
CFO Financial Prep
& Audits

Fund Administration

We handle all the accounting, reporting and investor servicing for your fund, including performance calculations.

Review the partnership agreement and private placement memorandum
Maintain the accounting records for the fund, including general ledger and original books of entry
Maintain partner capital accounts
Calculate partner allocations for the fund, including carried interest and preferred returns
Calculate partner distributions from the fund
Calculate management fees and other contractual fees
Prepare quarterly financial statements for the fund
Prepare and distribute capital call notices
Calculate year-to-date and life of fund internal rates of return (IRR)
Distribute financial statements, account statements, and other information to investors

System and Organization Controls 1 (SOC 1) Type II Certified

Tax Preparation

We record tax adjustments, calculate taxable income and allocate to fund investors while maintaining necessary documentation and submitting the required tax filings.

Calculation of taxable income
Allocation of taxable income
Completion of Form 1065 and Schedule K-1s
Completion of State tax returns
Electronic submission of forms

Outsourced CFO

Our consultants are experienced in all aspects of private equity and venture capital fund operations. Increase your efficiency by shifting your accounting, bill payment and other recurring tasks to our outsourced CFO team.

Coordination of fund launch
Maintain books and records of the management company & general partner entities
Accounts payable processing
Preparation of annual IRS Form 1099s
Review monthly NAV
Preparation of operational budgets
Payroll oversight & processing
Oversee due diligence visits
General questions and consultations

Financial Statement Preparation and Audit Support Services

We prepare the financial statements as well as the reporting for the annual audits. We also consult with all relevant parties and provide support services as needed.

Preparation of annual financial statements for auditor review
Preparation of annual audit package
Manage the audit process and consult with independent auditors
Facilitate delivery of financial statements to investors

Services Provided by South Watch

Fund Administration

We handle all the accounting, reporting and investor servicing for your fund, including performance calculations.

Review the partnership agreement and private placement memorandum
Maintain the accounting records for the fund, including general ledger and original books of entry
Maintain partner capital accounts
Calculate partner allocations for the fund, including carried interest and preferred returns
Calculate partner distributions from the fund
Calculate management fees and other contractual fees
Prepare quarterly financial statements for the fund
Prepare and distribute capital call notices
Calculate year-to-date and life of fund internal rates of return (IRR)
Distribute financial statements, account statements, and other information to investors

System and Organization Controls 1 (SOC 1) Type II Certified

Tax Preparation

We record tax adjustments, calculate taxable income and allocate to fund investors while maintaining necessary documentation and submitting the required tax filings.

Calculation of taxable income
Allocation of taxable income
Completion of Form 1065 and Schedule K-1s
Completion of State tax returns
Electronic submission of forms

Outsourced CFO

Coordination of fund launch
Maintain books and records of the management company & general partner entities
Accounts payable processing
Preparation of annual IRS Form 1099s
Review monthly NAV
Preparation of operational budgets
Payroll oversight & processing
Oversee due diligence visits
General questions and consultations

Financial Statement Preparation and Audit Support Services

We prepare the financial statements as well as the reporting for the annual audits. We also consult with all relevant parties and provide support services as needed.

Preparation of annual financial statements for auditor review
Preparation of annual audit package
Manage the audit process and consult with independent auditors
Facilitate delivery of financial statements to investors

Our Services

What Makes South Watch Different?

Focus

Collaboration

Team

Fund Administration

Tax Preparation

Outsourced CFO

Financial Statement Preparation and Audit Support Services

Services Provided by South Watch

Fund Administration

Tax Preparation

Outsourced CFO

Financial Statement Preparation and Audit Support Services

Contact Info

About Us