|
||||
|
| Frequently Asked Questions |
| Why outsource my administration? Outsourcing your private equity administration will enable you to focus on your core business and reduce the time and cost of supporting an in-house administrative department. Having Northport, LLC as your outsource solution will add value by providing you with the resources of dedicated private equity accounting and administrative professionals. We have already done the research to determine the best tools available. Northport has established industry-specific systems that can eliminate your cost of acquiring a comprehensive portfolio management system. Northport's resources will also provide you with administrative scalability as your business continues to grow. Will I realize a cost savings by outsourcing? Northport's fees are based on the complexity of your investment vehicles and the time required to administer them. You will leverage the dollars you spend on your own in-house administration against the resources of a firm dedicated solely to private equity administration. Cost-saving benefits include:
Most importantly, you maximize the efforts of your existing personnel, focusing them on managing your investments and client relationships. What does Northport provide that other administrators do not? As an administrator devoted to the private equity community, Northport brings a concentration of experience and dedication that administrators with a wider industry focus may not provide. As a client-oriented firm, we are driven to providing dedicated service to all of our clients, regardless of the size or complexity of their needs. We are committed to improving our existing technologies and implementing new ones on an ongoing basis. As such, you reap the value of our upgrades and maintenance. |
| Who at Northport would be handling my administrative needs? A Partnership Controller will lead the Team responsible for the administration of your investments. Your Team will be selected based upon the nature and complexities of your investment vehicles and any other specific needs you may have. Are there any investments that are too small for you to administer? Our professionals will work with you to help you determine if an outsource service provider is cost effective for you given the size and complexities of your current investments and anticipated growth. What if my fund is already several years old? Northport can begin administration at any stage. We have assisted a number of clients whose funds have outgrown their in-house administration and systems capabilities. If you require a transfer of administration for pre-existing investments, Northport will work with you to determine the most effective solution. This may include a restructuring of your own systems or transfer of your data to our systems. In either case, our Accounting and Applications Teams are experienced in the transfer of data and investor contact information. We will work with you in an effort to maintain your current reporting schedule and ensure an efficient transition. |
| Can I integrate Northport's services into my current accounting operations? Northport provides Component Services for many clients who choose in-house administration. We work with you to determine the best services to meet your needs. Who are your clients? Northport clients range from large firms with numerous investment vehicles to start-ups with a single fund. We work with funds of various types and structures which include venture capital, fund of funds, hedge fund of funds, buyout, real estate, distressed debt and employee co-investment plans. We administer both foreign and domestic investments, and our Online Services are a valuable tool for communicating information to investors worldwide. |
 |
|
|
|
||||||||||
