Fleming Fund Services (FFS) provides back office accounting services that help investment managers strengthen financial oversight, improve operational efficiency, and make informed business decisions without disrupting existing fund administration relationships.
Managing an alternative investment fund requires more than accurate financial reporting—it requires dependable operational support behind the scenes.
Our outsourced fund accounting services are designed for funds that already work with an administrator but require additional accounting expertise and independent financial review. By serving as an extension of your internal team, we help ensure financial information is accurate, timely, and aligned with your organization’s operational goals.
Independent Financial Oversight You Can Trust
Every investment fund has different operational needs, which is why our back office accounting solutions are tailored to complement your existing accounting processes and internal resources. We provide an additional layer of financial oversight by reviewing accounting records, analyzing reports, and identifying discrepancies before they become larger issues.
For organizations seeking broader accounting support, Fleming Fund Services also provides fund accounting and administration services designed to manage essential accounting functions, investor reporting, and administrative responsibilities. Our team works collaboratively with fund sponsors, administrators, and investment managers to promote transparency, improve reporting accuracy, and support sound financial decision-making.
Back Office Accounting Services Tailored to Your Needs
Our experienced team provides a variety of accounting and operational support services, including:
- Analytical review, analysis, and approval of monthly accounting prepared by fund administrators
- Portfolio valuation and transaction analysis
- Review of investor profit and loss allocations
- Verification of management fees and performance-based allocations
- Gross and net return estimate calculations
- Review and approval of monthly investor account statements
- Assistance with fund expense approvals and required disbursements, including investor redemptions
- Preparation of annual financial statements in accordance with GAAP
- Audit coordination and support
- Tax estimate assistance for limited partners
- Review of partnership tax returns and Schedule K-1s for accuracy and consistency with fund accounting records
Each service is designed to provide investment managers with greater confidence in their financial reporting while helping maintain efficient and organized operations.
Strengthening Financial Reporting & Operational Processes
Reliable financial information is essential for effective fund management. Fleming Fund Services helps strengthen internal controls, improve reporting processes, and provide greater visibility into the financial information needed to make informed decisions.
Our team can assist with related reporting requirements, including financial statement preparation services and tax return preparation services for alternative investment funds. These additional services provide valuable support during critical reporting periods while helping managers maintain accurate records and meet financial reporting requirements.
For fund sponsors seeking additional financial leadership and operational guidance, Fleming Fund Services also provides outsourced CFO services that include budgeting, reporting, cash management, and business advisory support. Whether your organization requires ongoing accounting oversight or specialized assistance during reporting, audit, or tax preparation periods, our experienced professionals deliver responsive solutions tailored to your needs.
Contact Fleming Fund Services today to learn how our back office accounting services can support the continued success of your alternative investment fund.