Fund Onboarding

• Project Management – Prepare and manage a detailed onboarding project plan
• Fund & IM KYC – Collect and verify Investment Manager and Fund KYC
• Fund Documentation Review – Legal review and alignment of Fund Documents (OM/PPM/Sub Doc)
• Fund Bank Account – Assistance with the opening of the fund bank account through one of Catalyst’s banking partners.
• Counterparty Alignment – Establishing operational alignment with internal and external fund related parties (fund (prime) brokers and custodians).

Investor Onboarding

• Investor KYC – Collection and review of all investor KYC in accordance with regulatory requirements.
• Investor Subscriptions – Collation and review of all initial/current investor subscription documents.

Fund Accounting

• Periodic Net Asset Value Calculation (NAV) – Monthly, Quarterly, Semi-Annual & Annual
• Trade Recon – Reconcile transactions to bank account(s)
• Income and Expenses – Record income and expense accruals
• IRR – Calculate and report IRRs
• Management Fee Calculation – Calculate and process management fees per the fund documentation.
• Fee Calculation – Calculate waterfall, preferred return, and carried interest in accordance with the LPA.
• Unaudited Financials – Prepare unaudited financial schedules, such as a balance sheet, income statement, statement of cash flows, statement of partners’ capital, and schedule of investments.
• Investor Level Reporting – Financial and portfolio reporting completed at Investor level.
• Expense Reimbursements – Calculating reimbursement of organizational and offering expenses, if required.
• Corporate Actions – Processing all corporate actions on the Fund’s Interests in accordance with the details provided by vendor sources, in all cases only upon and in accordance with the Investment Manager’s instruction.
• Management and Performance Calculations – Calculating management and incentive/performance fees with supporting schedules (where applicable).
• Audit Queries – Assisting with the Fund accounting related annual audit queries.

Investor Services

• KYC Collection – Collect and collate all anti-money laundering and due diligence documentation of investors.
• Ongoing Risk Reviews – Perform routine scans and due diligence refresh, according to the Catalyst internal risk rating.
• Capital Call Management – Manage capital calls / distributions and investor notices in accordance with LPA and perform ongoing checks and maintenance to ensure details are kept current of all investors.
• Capital Account Management – Manage reporting process including capital accounts and statements.
• Investor Communication – Distribute investor communications as per the fund Services Level Agreement.
• Investor Capital Activity – Track investor level capital transactions (drawdown, distribution, transfers).
• Investor Correspondence – Track Investor correspondence notices and confirmation deliveries.
• Investor Statements – Issue investor statements and confirmation notes as per the Service Level Agreement.
• Investor Queries – Answer all investor and potential investor queries via phone and email.
• Redemption / Dividend Payments – Arranging for redemption or dividend payments when necessary.
• Additional Investor Communication – Distribute investor communications and audited financial statements (including ILPA reporting)
• Request Directors’ Resolutions when needed.
• Audit Assistance – Providing assistance with investor and fund audits.

Treasury Services

• Bank Account – Access and control funds Investor Services and Expense related bank account
• Expense Payments – Act as the administrator of the funds Investor Services and Expense related bank account and ensure access is granted and maintained for all approved users (per the instruction issued by a fund Authorized Signatory).
• Payment Processing – Input and process all fund-related expenses.
• Distribution Wires – Process wire transfers related to distributions to approved investors.
• Capital Call Wires – Process wire transfers related to capital calls to the fund’s investment account according to standard instructions / the funds service level agreement.

Automatic Exchange of Information Services (AEOI)

• Fund Registration – Registration with the IRS for a GIIN as well as notification to the local tax authority. Cayman funds are required to register for a GIIN under US FATCA and register for reporting purposes with the local tax authority.
• AEOI Compliance – Investor on-boarding and ongoing compliance / maintenance. Funds are required to on-board new investors in accordance with local regulations, as well as implement a compliance program around monitoring those accounts. The fee applies to implementation of this program and annual monitoring for any change in circumstance. Summary reports will also be provided.
• AEOI Reporting Services – Fund registration, appointment of a responsible officer, principal point of contact/responsible officer, and report filing.
• Authorizing Person – Designation of a named person whose sole responsibility is to notify the Tax Information Authority (TIA) of a change in Principal Point of Contact (PPoC)

Corporate Middle Office Services

• Registered Office/Agent – Provision of a physical address, for Cayman Islands companies and limited partnerships, ensuring proper maintenance of the entity’s records and registers, including paying annual fees in a timely manner.
• Filings, Obtaining Certificates and Document Certifications/Notarizations – Notary services including but not limited to Document Notarizing, Attestation Services, Apostille Processing, Document Legalisation and certified documents. Catalyst also assists with and acts as an official intermediary between the client and the Cayman Islands Government with regards to any necessary filing related to the entities.
• Counter-party Account Liaison and Opening – Assist the clients with the completion of the necessary paperwork to open brokerage, trading, or custody accounts.
• Identification Number Registrations – Obtaining any required identification number for the entities/Funds (ISIN, LEI, BBG Ticker, etc.)
• Corporate Secretarial Assistance and Board Support – Coordinate the reporting and attendance of all stakeholders, which results in clear and reliable board packs. Our qualified team will attend the meetings and, if required, take minutes, and ensure all decisions are recorded, as necessary. Post meeting, our clients are assured of timely drafting and circulation of minutes and all necessary follow-up on action points to ensure your company is in good standing.

Annual Audit Assistance and Financial Statement Preparation

• Financial Statement Preparation – Preparation of the fund’s annual financial statements per the fund’s year-end and accounting standards (IFRS / US GAAP) – Including audit footnotes.
• Audit Liaison – Liaising with the fund’s appointed auditors in their review and/or preparation of the fund’s annual financial statements.