Fund Services

We understand the specialized nature of PE administration and deliver exceptional administration solutions to some of the most challenging funds in the alternative space, including buyout, fund of PE funds, venture, growth equity, real estate, infrastructure and hybrid structures. Our commitment to best-practices corporate governance, combined with hiring professionally qualified staff with accounting degrees, ensures that Artex has the necessary expertise to give our PE clients a high level of service.

We work with funds of all sizes, from smaller to multi-billion dollar commitments, covering the entire value chain. Our PE offerings include:

• Fund launch consultation and guidance
• Fund and portfolio accounting
• Waterfall and Internal rate of return (IRR) calculations
• Financial and investor reporting
• Anti-Money Laundering (AML) /Know Your Customer (KYC) and Foreign Account Tax Compliance Act (FATCA)/Common Reporting Standards (CRS) services, including providing AML officers for offshore funds
• Annual financial statement preparation for audit
• Regulatory and compliance assistance including Alternative Investment Fund Managers Directive (AIFMD) Depositary Lite and Annex IV services

We have extensive experience in providing middle- and back-office administration to hedge funds domiciled in on- and offshore jurisdictions across a broad spectrum of strategies, including managed futures, long/short equity, fixed income, fund of funds, global macro, market neutral, multi-strategy and hybrid structures. Our accounting team comprises highly qualified, certified and chartered accountants with prior hedge fund administration experience.

Our processes are designed to provide net asset value (NAV) calculations to our clients on a daily, weekly, monthly or quarterly basis.

We work with funds of all sizes, from smaller emerging managers to multi-billion dollar institutional funds, covering the entire value chain. Our Hedge Fund offering includes:

• Fund launch consultation and guidance
• Fund and portfolio accounting
• Automated calculation of management and performance fees
• Financial and investor reporting
• AML/KYC and FATCA/CRS services, including providing AML officers for offshore funds
• Annual financial statement preparation for audit
• Regulatory and compliance assistance including AIFMD Depositary Lite and Annex IV services

As the world's largest ILS service provider, Artex's global team brings a wealth of experience to support the unique needs of ILS clients and has advised some of the most complex ILS structures in the market. We facilitate capital market investor participation in reinsurance transactions such as industry loss warranties (ILW), excess of loss, quota share treaties, sidecars and collateralized reinsurance. Our team of experienced professionals is comprised of qualified accountants, actuaries, undrwriters and claims adjusters.

We give our clients a competitive edge with a flexible and efficient transforming platform operating as a link between reinsurance and capital market investors. Our ILS offerings include:

• Fund launch consultation and guidance
• Fund and portfolio accounting
• Side pocketing calculations and expert guidance
• Financial and investor reporting
• AML/KYC and FATCA/CRS compliance, including AML officers for offshore funds
• Annual financial statement preparation for audit
• Regulatory and compliance assistance including AIFMD-related services
• Independent actuarial valuation
• Transforming services and insurance management

Artex continually monitors and adopts best practice anti-money laundering and anti-terrorism financing regulations in its due diligence procedures. Artex uses LexisNexis® Bridger Insight® XG to effectively screen clients, investors, transactions and employees for potential risk relating to money laundering, terrorist financing and many other types of risk.

Bridger Insight XG is a leading screening tool with more than 3,000 active customers worldwide, designed to help organizations conduct customer screening, due diligence and comply with regulations within a single platform.

We use PFS-Paxus® as our core fund administration platform for our hedge and ILS clients. An established market-leading product, Paxus offers a complete back-office fund accounting, portfolio valuation, fund pricing solution and shareholder recording keeping administrative solution on a single, fully integrated system.

Paxus integrates all the processes that are normally performed on multiple systems, including securities portfolio, allocation system, general ledger, fee calculation, share registry, investor communications and web portal.

Benefits of this approach include increased efficiency, reduced risk of error, faster valuations, a simplified technical landscape and the ability to support complex investment structures and accounting allocations amongst different investor tranches and series.

iConnect is our reporting platform fully integrated with Paxus. The platform provides a portal for investment managers and fund investors/clients/counterparties to login and view information.

Manager Access provides the following access:

• Homepage where the manager can view the NAV history, fund performance and top positions in the portfolio
• Detailed investor holdings schedule
• Investor transaction history
• Large selection of accounting and portfolio reports that can be saved in Excel, PDF or CSV format
• A portal where documents can be posted and downloaded on a self-serve basis, including fund offering documents, minutes of board of director meetings, annual financial statements, monthly NAV packages, and custom reports

Investor Access provides investors in the fund with the following access:

• Current fund investment balance and history of balances
• Full history of transactions in the fund or across multiple funds
• Contact information that can be updated and is automatically shared with Artex
• Portfolio transparency reports as permitted by the investor manager
• Portal for investor to download fund documents such as fund offering documents, annual financial statements, subscription documents, redemption request forms and transfer forms

Our PE system, Allvue®, is the leading PE software in the industry and has the accounting and investor services functionality necessary for the efficient processing of private equity structures, which is in turn fully integrated with our online investment manager and investor services reporting platform.

The reporting is fully ILPA compliant, and Allvue's cloud-based Fund Accounting software solution brings together partnership accounting, detailed financial statement reporting, a multi-currency general ledger, cash management and workflow standardization into one complete fund accounting system.

Every aspect of your fund or investment structure can be captured, managed and monitored. Seamless integration with the Business Intelligence solution means everything from standard operational reports to full financials can be produced with minimal effort.

We use Allvue's investor portal to deliver reporting to the general and limited partners. The functionality includes, but isn't limited to:

• Customizable investor dashboards for easy branding
• Best-in-class investor communication tools, including automated generation and distribution of key investor notices and secure document sharing
• Efficient tracking of investment activity and portfolio performance

The portal also can seamlessly integrate with our clients' back-office platforms, offering streamlined functionality, reduced risk and increased data integrity.

Limited partners are empowered with self-service reporting and preference settings, enhancing investor satisfaction and investment management efficiency. The streamlined workflows allow for automated document and report distribution, tailored to each LP's delivery preferences.