IPO Readiness
The two-to-three years of work that has to happen before a company is fit to file - restatement, controls, governance and disclosure.
Learn more
Capital Advisory
AIF Advisory & Fund Services
Setting up an Alternative Investment Fund and running its accounting, valuation, reporting and audit obligations afterwards.
Overview
An AIF is a regulated vehicle with a heavy and continuous back-office load: capital calls and drawdowns, unit accounting across classes, NAV computation, distribution waterfalls, investor reporting and periodic regulatory filings. Most of the risk sits in that routine rather than in the investment decisions. We work alongside fund managers and trustees on the structure at the outset and on the operations for as long as the fund runs.
What this covers
How we help
Fund structuring and registration
Category selection, structure design and support through the SEBI registration application.
Fund documentation support
Assistance with the private placement memorandum, contribution agreement and ancillary documents, alongside legal counsel.
Fund accounting and NAV
Unit and class accounting, capital account maintenance and periodic NAV computation.
Distribution waterfall
Computation of hurdle, catch-up and carried interest under the fund's own terms.
Statutory audit of the fund
Audit of the fund's financial statements and scheme-level reporting.
Regulatory and investor reporting
Periodic filings, compliance test reports and reporting packs to contributors.
Tax and withholding
Pass-through treatment, investor-level withholding and cross-border considerations.
Common questions
AIF Advisory & Fund Services — questions we are asked
No. Managing an AIF is a SEBI-registered activity carried on by the fund's investment manager. We act as advisers and service providers to funds, managers and trustees - on structuring, accounting, valuation support, reporting, tax and audit. We do not manage money, solicit investors or advise on the merits of any investment.
Before the first close, ideally before the fund documents are finalised. Waterfall mechanics, class rights and expense allocation are far easier to operate when the accounting has been designed alongside the documentation rather than reverse-engineered from it afterwards.
Related
More from Capital Advisory
SME IPO & Fund Raising
Listing on the SME platforms of BSE and NSE, and the fund-raising routes available before and after it.
Learn more
Capital Structuring & Fund Raising
Capital structure, debt and equity raising, lender negotiation and the financial case that has to stand up to a credit committee.
Learn more
Talk to us about aif advisory & fund services
A short conversation is usually enough to establish whether this is the right route, and what it would involve.