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.
• Waterfall Management/Fee Calculation – Calculate waterfall, hurdle, preferred return, and carried interest (performance/incentive fees) 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.
• REIT Assistance – Supporting the REIT testing process.

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.

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.

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.