SBIC Fund Administration

Empowering growth with an end-to-end solution

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Small Business Investment Company (SBIC) and Rural Business Investment Company (RBIC) investments present complex administrative, reporting, and compliance requirements that are constantly changing.

With more than 20 years of experience handling SBIC and RBIC administrative demands and a single-source provider service model, our team will help ease your burden. We offer a breadth of services that ensure more timely reporting and streamlined workflows—and less time overseeing multiple vendors.

Services

Our services are tailored to our clients’ requirements, from bespoke investor reporting to regulatory compliance services. We form strong partnerships with our clients from the outset of the relationship.

AML/KYC on the fund and related parties, when applicable
Implementation and integration of systems, processes, and general ledger setup
Assistance with cash and custodian account opening with banks
Preparation of reporting templates and timelines

Maintain books and records in accordance with local GAAP or IFRS
Reconciliation of the general ledger accounts
Preparation and maintenance of the annual expense budget
NAV calculation as mandated by the offering document or service level agreement
Customizable performance reporting
Capital call and distribution calculations
Computation of management fees and carried interest
Support multiple waterfall models
Coordination of cash management and treasury services

Forms 468 and 1031
Capital certificates
SBA commitment applications and leverage draws
SBA exam schedules and support

Preparation of annual financial statements with supporting work papers
Capital account schedules

Prepare and distribute investor capital activity notices including commitments, capital calls, and distributions
Generation and distribution of partner capital account statements
Monitoring and payment of investor cash movements
Distribution of quarterly and annual audited financial statements
Maintain limited partner database with contact and wire information
Providing investor tax reporting including FATCA and CRS