Private Credit and Private Debt Administration Solutions

We provide precise Net Asset Value (NAV) calculations tailored to the specific needs of the fund. Our services include:

• Regular calculation of fund assets and liabilities.
• Valuation of loan portfolios and other debt instruments.
• Preparation and distribution of NAV reports in line with the fund’s reporting frequency, whether daily, weekly, monthly, or quarterly.
• Compliance with relevant accounting standards and regulations.

Accurate cash and position reconciliations are critical for maintaining the integrity of the fund’s financial data. We perform daily reconciliations to ensure that all transactions are correctly recorded and any discrepancies are promptly resolved.

Our team ensures that performance fees are calculated transparently and in strict accordance with the fund’s agreements. Services include:

• Determination of performance-based fees.
• Compliance with fund agreements and industry standards.
• Preparation and verification of performance fee reports.

We manage the payment of fund expenses, ensuring that all transactions are processed accurately and in a timely manner, in line with the fund’s agreements and applicable regulations.

We prepare comprehensive financial statements that are accurate, timely and compliant with industry standards. This includes both audited and unaudited statements as required by the fund.

Our ILPA reporting services ensure that the fund meets the transparency and governance standards set by the ILPA. Services include:

• Preparation of detailed ILPA-compliant reports.
• Customisation of reports to meet the specific requirements of LPs.
• Regular updates and distribution of ILPA reports to stakeholders.

Effective cash management is crucial for the success of Private Credit and Private Debt funds. We offer a range of services designed to optimise cash flow management, including overseeing bank accounts and facilitating cash movements.

Our management accounting services provide fund managers with detailed insights into the financial health and performance of their funds. We prepare management accounts that include budgets, forecasts and variance analysis, enabling informed decision-making.

We maintain accurate and up-to-date LP registers, ensuring that all investor information is correctly documented and compliant with regulatory requirements.

Our LP transaction services ensure the smooth processing of all investor-related activities, including capital calls, distributions and transfers. We manage these transactions with precision and transparency.

We manage the entire process of capital calls and distributions, ensuring that all transactions are handled efficiently and in accordance with the fund’s agreements.

We ensure that all fees, including management fees and performance fees, are calculated accurately and transparently, in line with the fund’s agreements. We also manage the calculation and processing of any rebates to LPs.

Waystone Administration Solutions provides comprehensive AML and KYC services to ensure funds remains compliant with international regulations. Our services include:

• Thorough review of investor details, including source of wealth and funds.
• Regular monitoring and screening of investors against global watchlists.
• Enhanced due diligence for high-risk investors.

We conduct thorough sanction screenings to ensure compliance with international regulations, screening all investors and transactions against global sanction lists.

We provide comprehensive monitoring of all LP transactions to detect and prevent any suspicious activities, ensuring the integrity and security of the fund’s operations.

Our team ensures the accurate and timely publication of investor statements, providing LPs with detailed and transparent reports on their investments.

We manage the entire distribution process, ensuring that LPs receive their payments accurately and on time, in accordance with the fund’s distribution policies.

Ensuring the accurate identification of UBOs is crucial for compliance with AML regulations. Waystone provides comprehensive UBO identification services, including:

• Thorough review and verification of ownership structures to identify all UBOs.
• Collection and maintenance of detailed records on UBOs, ensuring compliance with regulatory requirements.
• Regular updates and monitoring of UBO information to reflect any changes in ownership.
• Reporting to relevant authorities as required by law, ensuring full transparency and compliance.

We assist funds in meeting their FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) reporting obligations, providing accurate and timely submission of reports to tax authorities.

Our team is proficient in preparing and submitting all necessary regulatory reports, including:

• Annex IV: Reporting required under the AIFMD (Alternative Investment Fund Managers Directive) in the European Union.
• Form PF: U.S. regulatory reporting required by the SEC for private funds.
• CBoI: Central Bank of Ireland regulatory filings for Irish domiciled funds.
• BCL: Banque Centrale du Luxembourg reporting for Luxembourg-based entities.
• CSSF: Commission de Surveillance du Secteur Financier reporting for funds operating in Luxembourg.
• MMIF: Money Market and Investment Funds reporting in the EU.

Our experienced professionals serve as MLROs for funds, overseeing all aspects of AML compliance. This includes monitoring transactions, investigating suspicious activities and reporting to the relevant authorities as required.

Our company secretary services include managing statutory compliance, maintaining corporate records and advising on governance matters, ensuring the fund operates within the legal framework.

We offer comprehensive support services for General Partners (GPs), including assistance with governance, regulatory compliance and operational management, ensuring that the fund operates smoothly and in full compliance with all legal requirements.

We provide registered office services, including a local mailing address, management of official correspondence and compliance with local regulatory requirements.

Our domiciliation services ensure that the fund meets all local regulatory requirements, including maintaining accurate records, submitting annual returns and managing interactions with local authorities.

We offer highly skilled directors who ensure that the fund adheres to best practices in corporate governance and regulatory compliance.

Our team drafts precise and legally sound corporate resolutions, ensuring that all decisions made by the board are properly documented and in compliance with legal requirements.

We provide end-to-end support in setting up new funds, ensuring that all legal, regulatory and operational requirements are met for a smooth and successful launch.

Our tax assistance services include the preparation of tax returns and reporting, ensuring compliance with all relevant tax regulations. We provide detailed support for tax reporting, including Investment Undertaking Tax (IUT) calculations and other tax obligations relevant to Private Credit and Private Debt funds.