NEW FUND SET-UPS

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• Introduce Service Providers as necessary (Legal, Audit, Tax, Banks)

 

• Liaise with legal counsel regarding updating offering memorandum/prospectus, subscription agreement, and for ongoing operational issues of the Fund for compliance within relevant jurisdiction, or for questions related to investor qualification at the subscription stage, if applicable.

 

• Establish secure data sharing site for sharing of documents, data and other relevant electronic information.

 

• Review fund documents (offering memorandum/prospectus, subscription agreement, limited partnership agreement, statutory documents etc.) in relation to the services that TFA will provide for the Fund.

 

• Complete forms and paperwork for bank accounts (including the setup of a dual signature process if applicable)

 

• Investor onboarding including control of subscription process, follow up on incomplete subscription forms and due diligence materials, subscription confirmations, monitoring of subscription cash flows and managing of investor inquiries regarding the subscription process

 

• Setup up fund accounting, allocation and waterfall methodologies in accordance with fund and investor documentation in TFA’s proprietary system

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• Perform Anti-Money Laundering (AML) procedures/due diligence on all cash flows and incoming subscriptions from investors. AML and due diligence are carried out as required by Cayman Islands law and the US Patriot Act, through Know Your Customer (KYC) website, the Financial Industry Regulatory Authority (FINRA) and the U.S. Treasury's Office of Foreign Asset Control (OFAC). 

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​EXISTING FUND TRANSFERS

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• Establish secure data sharing site for sharing of documents, data and other relevant electronic information.

 

• Take inventory of AML transaction documentation and following up on any lacking documentation that may be identified.

 

• Review all financial statements and information relating to the latest net asset value (“NAV”) of the fund and individual investor allocations and suggest changes if lacks are identified

 

• Setup up fund accounting, allocation and waterfall methodologies in accordance with fund and investor documentation in TFA’s proprietary system

 

• Provide any needed services already listed in New Fund Setups

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