Standish Management

Standish Management administers private capital funds. It was purpose-built to service private equity firms and is staffed by accounting professionals and former private fund CFOs, and its work spans fund accounting and administration, management company accounting, investor reporting, corporate services, compliance, and depositary services for EU funds.

Engagements scale with the fund. Emerging managers use launch-stage services to put accounting and back-office infrastructure in place; established general partners hand over select funds or whole fund families, and can use consulting on staffing structure, systems, and processes. Management company work covers the general ledger and financial reporting, internal controls, accounts payable and receivable, expense report management, portfolio company billing, inter-company accounting, budgeting and cash forecasting, coordination of the tax return process, and 1099s.

The compliance arm, staffed by former SEC regulators and certified AML and KYC specialists, builds and runs compliance programs. Corporate services cover company secretarial work, provision of directors, and European Union services, while the depositary team handles asset ownership verification, oversight of the AIFM and AIF valuations, subscriptions and redemptions, and asset purchases and sales. The technology team works on a client's existing platform or recommends one, and delivers interactive reporting, data visualization, and digital subscription documents.

The firm reports over $850 billion in assets under administration, more than 1,200 employees, more than 400 CPAs and CAs, and 19 offices worldwide, with about half its team drawn from Big 4 or public accounting. Fees are not published; ask how they are structured for a fund of a given size and complexity.