Our private equity fund administration solutions include:

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Private equity capital calls, distributions and partnership accounting

Efficient, timely processing of capital activity for managers (GPs) and investors (LPs) as directed by the fund

Private equity fund administration

Record fund expenses, book accruals and facilitate allocations to the general partner and limited partners of the fund.

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Fund waterfall administration

Calculation of hypothetical waterfall for financial and investor reporting and performance to determine the allocation of carried interest between the GP and the LPs for cash distributions.

Private equity investor relations

Interfacing with fund investors, including recording and tracking of capital commitments at fund close, performing investor KYC and AML and handling investor inquiries.

Financial reporting and audit support

Prepare quarterly and annual financial statements. Assist the auditor in their preparation and review of the annual report.

Private equity tax support

Prepare taxable income calculations and investor tax allocations. Prepare federal and state tax returns for partnerships and related entities as well as preparation of quarterly K-1 estimates, PFIC statements and FATCA/CRS compliance.

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From our leader

“At U.S. Bank, you’ll benefit from the dedication of our talented professionals and continued investment servicing private equity funds. Our complete service solutions, coupled with our large custody infrastructure, accommodate almost any requirements, no matter the size or complexity of your fund."

Amanda Karshna
 Head of Relationship Management – Alternative Investments
U.S. Bank Global Fund Services

What types of private equity fund managers do you work with and what capabilities do you offer?

Our complete global private equity funds solutions, coupled with our large custody infrastructure, accommodate almost any requirements, regardless of the size or complexity of your fund. From specific investor statements, like ILPA reporting to capital account maintenance at the investor and fund levels to calculating the waterfall model based on the funds governing legal documents, our team can support all types of private equity, private credit or traded credit funds.

Strategies and insights from our thought leadership

Emerging Trends in Europe

From our multifocal viewpoint as both a corporate trust and fund services provider in Europe, here are some of the trends, obstacles and opportunities we were seeing.

Unique requirements of large private equity firms

Once the assets under management (AUM) reaches $2 billion, the service provider’s role changes.

What goes into private equity fund calculation?

Computing NAVs and other metrics is growing more complex as fund structures evolve.

Global custody and fund administration services

Alternative investments

Exchange-traded products

Mutual fund services

Investment advisor services

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Disclosures

Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

U.S. Bank does not guarantee products, services or performance of its affiliates and third-party providers.

U.S. Bank Global Fund Services is not a chartered bank, trust company or depository institution and is not authorized to accept deposits or trust accounts. All U.S. Bank Global Fund Services entities are wholly-owned subsidiaries of U.S. Bank, N. A. Custody, lending, treasury and banking services are offered by U.S. Bank, N.A.

U.S. Bank’s Securities Lending Program is administered by U.S. Bancorp Asset Management, Inc. U.S. Bancorp Asset Management, Inc. is a registered investment adviser and subsidiary of U.S. Bank National Association. U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp and does not guarantee the products, services or performance of U.S. Bancorp Asset Management, Inc.

U.S. Bank Global Fund Services (Ireland) Limited is registered in Ireland, Company Number 413707. Registered Office at 24 - 26 City Quay, Dublin 2, Ireland. Directors: Eimear Cowhey, Ken Somerville, Hosni Shadid (USA), Barry O'Connor, Maureen Stanley. U.S. Bank Global Fund Services (Ireland) Limited is regulated by the Central Bank of Ireland.

U.S. Bank Global Fund Services (Guernsey) Limited is licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 2020, as amended, by the Guernsey Financial Services Commission to conduct controlled investment business in the Bailiwick of Guernsey.

U.S. Bank Global Fund Services (Luxembourg) S.a.r.l. is registered in Luxembourg with RCS number B238278 and Registered Office: Floor 3, K2 Ballade, 4, rue Albert Borschette, L-1246 Luxembourg. U.S. Bank Global Fund Services (Luxembourg) S.a.r.l. is authorised and regulated by the Commission de Surveillance du Secteur Financier.

U.S. Bank Europe DAC Luxembourg Branch (trading as U.S. Bank Depositary Services Luxembourg) is registered in Luxembourg with RCS number B244276 and Registered Office: Floor 3, K2 Ballade, 4, rue Albert Borschette, L-1246 Luxembourg, regulated and authorised by the Central Bank of Ireland (CBI) as well as by the Commission de Surveillance du Secteur Financier (CSSF). Details about the extent of our authorisation and regulation by the CBI and the CSSF are available from us on request.

U.S. Bank Europe DAC, trading as U.S. Bank Depositary Services, is regulated by the Central Bank of Ireland and is registered in Ireland with the Companies Registration Office Reg. No. 418442. The registered office is Block F1, Cherrywood Business Park, Loughlinstown, Dublin 18, Ireland D18 W2X7.