PRIVATE EQUITY ADMINISTRATION SERVICES CONFIDENTIAL
TABLE OF CONTENTS 03 08 13 OVERVIEW PRIVATE EQUITY CLIENT TECHNOLOGY & REPORTING • • Horseshoe at a Glance Technology Platform SOLUTIONS • • Our Differentiators Integrated Web Reporting Platform • Dedicated Private Equity Platform • • Our Team Flexible Reporting • Our Private Equity Services at a Glance • • Business Continuity and Disaster Private Equity Fund Structures Recovery • Our Added Value 19 CONTACT INFORMATION • Contact Us HORSESHOE FUND SERVICES | 2 Confidential
OVERVIEW
OVERVIEW HORSESHOE AT A GLANCE HORSESHOE FUND SERVICES IS A LEADING AWARD-WINNING FUND ADMINISTRATOR PROVIDING SERVICES TO HEDGE, PRIVATE EQUITY AND INSURANCE LINKED SECURITIES ASSET MANAGERS • The Horseshoe Group was founded in 2005 and is the largest independent insurance management and advisory firm dedicated to reinsurance / insurance linked securities market • Horseshoe Fund Services (formerly IKONIC Fund Services) was founded in 2007 and was acquired by the Horseshoe Group in June 2016 • The Horseshoe Group has 165 clients across its insurance and fund administration divisions with total assets under administration exceeding $25 billion • The Horseshoe Group is owned by the executive management team with, on average, 20 years direct experience in the administration of hedge, private equity and ILS focused structures • The Horseshoe Group has a global presence with 85 employees located between our Bermuda, United States, Cayman Islands, Gibraltar and Sri Lanka offices • Horseshoe Fund Services provides fund administration to funds domiciled in the US, Bermuda, Cayman Islands and the BVI using best of breed technology in a SOC1 Type II controls environment 16 5 + $30B 80+ 2005 FOUNDED OVER 10 GROUP ASSETS MEMBERS ON THE FUNDS RECEIVING FULL YEARS AGO UNDER HORSESHOE TEAM FUND ADMINISTRATION ADMINISTRATION SERVICES HORSESHOE FUND SERVICES | 4 Confidential
OVERVIEW OUR DIFFERENTIATORS OUR APPROACH HAS BEEN DESIGNED FOR YOUR MOST IMPORTANT ASSET: YOUR INVESTORS TECHNOLOGY & QUALITY AND CONTROLS REPORTING EXPERIENCED PLATFORM CUSTOMIZATION & TEAM SCALABILITY FLEXIBILITY Our clients are We pride ourselves on Our platform is highly assisted first by our customizing solutions for scalable and will expand senior executives, who Leveraging our We have integrated our clients. A key and adapt as your average 20+ years of team’s institutional proprietary straight component of service and investor experience and are financial services implementing the right through processing needs change. We cater supported by the experience, we have technology with leading platform is reflected in to all types of investors Horseshoe team of built a firm with fund administration our ability to remain and their requirements – highly qualified industry institutional quality software to provide our flexible and provide our from high net worth and professionals. Our controls while clients and their clients the answers that family offices to large hiring standards are maintaining a culture investors with efficient, solve their needs in a institutional investors. some of the highest in of providing clients smart and customized customized fashion We also scale our the industry, resulting with a responsive and reporting services as your fund in a client-first culture solutions focused assets under with low turnover service management grow. HORSESHOE FUND SERVICES | 5 Confidential
OVERVIEW OUR PHILOSOPHY IS SIMPLE We focus on being responsive to your needs and innovative in our approach. We provide value and professional expertise at the highest level. Without exception, we strive to exceed your expectations. HORSESHOE FUND SERVICES | 6 Confidential
OVERVIEW WE SEEK SOLUTIONS AS YOUR BUSINESS PARTNER OUR EXPERIENCED MANAGEMENT TEAM IS COMMITTED TO PROVIDING A CLIENT-FIRST SERVICE BRIAN DESMOND FCA SCOTT BURNS CPA MIKE GENTILE CAIA Head of Private Equity Head of Fund Services Head of US Operations 25+ years experience 15+ years experience 20+ years experience KPMG & JP Morgan Citi Hedge Fund EY & Citi Hedge Fund and Schroders Services Services Bermuda Ltd. KEENAN PRESS CPA RODNEY DAVIES CA SEAN WARD Head of Investor Chief Tech Officer Head of Sales & 15+ years experience Services Marketing 15+ years experience EY & Citi Hedge Fund 15+ years experience BNY Melllon & Opus Services SS&C Fund Services SALLY CANN CA JASON MICHEL MBA GORDON PATERSON Group Manager Group Manager FCCA 12+ years experience 10+ years experience Group Manager PWC, JP Morgan and UMB Fund Services 13+ years experience Schroders Bermuda Ltd. Equinoxe AIS and Citi Hedge Fund Services SONJA FORESTER JANE LEWIS SUSIE TINDALL Head of Compliance Head of Corporate FCCA 25+ years experience Services Group Manager Citi Hedge Fund 20+ years experience 20+ years experience Services Conyers Dill & Pearman PWC, JP Morgan and Schroders Bermuda Ltd HORSESHOE FUND SERVICES | 7 Confidential
PRIVATE EQUITY CLIENT SOLUTIONS
PRIVATE EQUITY CLIENT SOLUTIONS DEDICATED PRIVATE EQUITY PLATFORM OUR DECADES OF EXPERIENCE IN THE PRIVATE EQUITY FUND ADMINISTRATION SPACE HAS ENABLED US TO BUILD A ROBUST SERVICE OFFERING COUPLED WITH FLEXIBILITY AND A CLIENT-FIRST PHILOSOPHY • In 2012, senior members of the JP Morgan Bermuda Private Equity Fund Services Group, with decades of private equity experience, joined Horseshoe • We set out to build a robust, controls focused, client-first service offering for private equity and venture capital clients • Long-tenured clients followed the team to our platform, demonstrating their confidence and trust in our experienced team HORSESHOE FUND SERVICES | 9 Confidential
PRIVATE EQUITY CLIENT SOLUTIONS OUR PRIVATE EQUITY SERVICES AT A GLANCE OUR SEASONED TEAM HAS EXPERIENCE ADMINISTERING FUNDS AT EACH STAGE OF THEIR LIFECYCLE FUND FORMATION Best practice FUND LAUNCH guidance and support Payment of all fund expenses INVESTMENT PERIOD Investor AML management Review fund structures and FATCA and CRS documents facilitation Prepare / send HARVESTING PERIOD financial statements Guidance on fund and Initial and subsequent investor reporting close management Prepare / send investor FUND WIND DOWN & capital accounts Coordination of Calculate investor Prepare distribution service providers equalizations LIQUIDATION Calculate hypothetical calculations and send carry notices Fund organization expense support Audit and tax support Calculate distribution Calculate management fee step carry waterfall down Set up initial call Manage investor static calculations and letters data and inquiries Pay investor Prepare final capital accounts distributions Prepare call Prepare financial statements calculations and send Manage investor Close fund bank accounts notices transfers Support liquidation of fund entities HORSESHOE FUND SERVICES | 10 Confidential
PRIVATE EQUITY CLIENT SOLUTIONS PRIVATE EQUITY FUND STRUCTURES OUR SOPHISTICATED PLATFORM SUPPORTS A WIDE SPECTRUM OF CLIENT PROFILES AND FUND STRUCTURES SUPPORTED STRUCTURES CLIENT PROFILES • Experience with all phases of the fund life cycle and industry sectors • From first time fund managers to multi-fund HYBRID BUYOUT management groups • History of long tenured client relationships WE SUPPORT A VARIETY OF PRIVATE EQUITY TYPES FUND OF VENTURE FUNDS CAPITAL REAL ESTATE HORSESHOE FUND SERVICES | 11 Confidential
PRIVAT EQUITY CLIENT SOLUTIONS OUR ADDED VALUE WE HAVE BUILT A SERVICE OFFERING THAT CAN ASSIST OUR CLIENTS NAVIGATE THE OPERATIONAL COMPLEXITIES OF A CLOSED END FUND STRUCTURE From the first subscription to the final Valuing illiquid assets can be close, we are able to manage all complex. Our team provides best aspects of the equalization process practice guidance and documentation support to the valuation process SUBSEQUENT VALUATION CLOSE SUPPORT MANAGEMENT Our decades of experience Reporting and regulatory provides clients with a wide requirements continually evolve. breadth of knowledge that can We have developed a flexible INVESTOR be leveraged to navigate the reporting tool that can meet the CUSTOMIZED unique issues and complexities current ILPA reporting ALLOCATIONS FLEXIBLE in investor allocations and requirements and are geared to AND WATERFALL distribution waterfall meet future reporting needs of REPORTING MANAGEMENT management both investors and regulators HORSESHOE FUND SERVICES | 12 Confidential
TECHNOLOGY AND REPORTING
Recommend
More recommend
