FUND SERVICES

Sandspring’s Value Proposition:

Sandspring provides small to mid-sized funds (SMF’s) with top-tier service from experienced fund financial management professionals, without the excessive overhead of a large firm.  The result is a firm that caters to the unique needs of SMF’s from start-up to growth stage:​

  • Delivering high quality, personalized service to fund managers and investors​
  • Building essential infrastructure to position SMF’s for growth and success  ​

Financial Management Challenges for SMF’s:

High Expense Ratio

Third-party fund administration options and in-house options can be costly as a percentage of AUM for SMF’s

Inadequate Quality

SMF’s may be challenged when fund administration options within an efficient cost structure do not meet the level of quality that they and their investors demand.​

Underserved Needs

SMF’s may require other services, in addition to fund administration, not offered by many third-party providers​.

Client Profile:

Fund Size

  • Small to mid-sized funds/firms with up to $500 million in AUM​

Fund Stage

  • Emerging fund managers ​
  • Early-stage (i.e. fund II or III) fund managers ​
  • Later-stage fund managers with multiple small (<$50m) funds/SPV’s​
  • Fund managers with later stage funds that are near end of life​

Fund Types

  • Private Equity
  • Venture Capital
  • Real Estate
  • Fund of Funds

Services:

Fractional CFO & Advisory Services

  • Strategic Planning, Structuring and Budget Development for New Funds​
  •  Cash Management and Planning​
  •  Deal Structuring/ Negotiation​
  •  Profit Improvement​
  •  Manage Insurance Needs​

Management Company Services

  • Budgeting​
  •  Financial Reporting​
  •  Human Resources Management​
  •  Accounts Payable​
  •  Tax Coordination​

Fund Administration & Investor Relations

  • Financial Statements and Investor Reporting​
  •  Capital Calls/ Distributions​
  •  Management Fee and Waterfall Calculations​
  • Audit and Tax Coordination​
  •  Fund Closings and Investor Relations​

Portfolio Management

  • Facilitate Investment Closings​
  •  Maintain Portfolio Files​
  •  Portfolio Monitoring​
  • Manage Portfolio Valuations​

Transition Services

  • Transition to In-House Backoffice​
  •  Implement Backoffice Software​
  •  Transition to Larger Fund Administration Service Provider (when AUM scales)​