Providing venture capital and private equity firms a full-service solution for their accounting and fund administration needs.
US-based Cornerstone handle the GoGreen Credits Impact Fund financial reporting to the fund’s limited partners; capital call preparation and management; preparation of U.S. GAAP fund financial statements and footnotes; investment funding and coordination with our investment companies; investment portfolio tracking and reporting; fund treasury management; external audit and tax return coordination. Cornerstone are an affiliate of Standish Management, and have the capability to scale in size as a fund group grows and matures.
CFO FUND SERVICES
Founded in 2013, Cornerstone provides fund administration and outsourced CFO services for funds in the venture capital, private equity, and fund of funds spaces. Cornerstone is a full-service firm providing complete back-office services for funds, their general partner entities, as well as the related management companies. By partnering with Cornerstone our fund managers are able to fully focus on their core business of investing.
The Cornerstone team has the appropriate accounting experience to provide our fund with an outsourced CFO. Their management team includes members who have advanced degrees in business and accounting and each brings a high level of professionalism to each engagement.
GENERAL PARTNERSHIP ACCOUNTING
Cornerstone provide full service accounting. They are experienced with carried interest accounting, partner allocations and distributions. They coordinate with tax accountants to ensure accuracy and appropriate accounting.
Cornerstone Services Include:
- Regular and timely financial reporting to the fund’s limited partners
- Capital call preparation and management
- Preparation of US GAAP fund financial statements and footnotes
- Investment funding and coordination with the investment companies
- Investment portfolio tracking and reporting Fund treasury management
- Preparation and distribution of K-1s and tax returns
- External Audit coordination Investor register maintenance
- Software and fund portal management
- Website creation, maintenance, and hosting
- Directors and Officers insurance planning
- Accounting for the funds general partnership, including carried interest
- Full accounting for management companies, including payroll processing