Capstave fund administration services

Our Services

Three services.
Each with a clear scope.

Fund administration broken into distinct, well-defined areas — each available separately or as part of a combined arrangement. Scoped to your fund's actual structure before any engagement begins.

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How We Work

Services that fit the fund, not a generic schedule

Every fund administration engagement begins with a scoping conversation — not a rate card. We review your fund's structure, valuation methodology, reporting requirements, and investor base before quoting. What you pay reflects what's actually involved.

The three services below can be engaged individually or together. Most clients start with NAV calculation and build from there, but the right combination depends on what your fund genuinely needs.

Net Asset Value Calculation

Service 01

Net Asset Value Calculation

Careful periodic NAV calculation with clear documentation of each component — prepared to support investor confidence and straightforward audit review. Suited to funds and vehicles that want their valuations handled accurately and consistently, with a record that explains itself.

Component-level breakdown: securities pricing, accruals, expense allocations
Documented pricing sources and applied methodology for each period
Workpapers maintained throughout — not assembled at audit time
Consistent application of agreed accounting policies across all periods
Covers equities, fixed income, alternatives, and mixed structures

Investment

Quoted on scope

Typical range: USD 2,000 – 9,000 per period, depending on fund complexity

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Service 02

Investor Reporting & Statements

Clear, well-presented statements for investors covering positions and movements — explained in plain terms alongside the figures. Designed for fund administrators who want reporting their investors can read and trust, without needing a specialist to interpret.

Opening and closing positions with period movement explained clearly
Plain-language annotations alongside technical figures
Subscription and redemption activity clearly reflected
Consistent format across all reporting cycles for comparability
Per-investor statements delivered on agreed schedule

Investment

USD 1,200

Per reporting cycle

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Investor Reporting & Statements
Reconciliation & Controls Support

Service 03

Reconciliation & Controls Support

Thorough reconciliation of holdings, cash, and transactions — with calm, well-documented reporting on any items needing attention. Keeps the control environment orderly between formal reviews, with a clear record of how each item was handled.

Holdings reconciled against custodian records each period
Cash balances confirmed and discrepancies documented with supporting detail
Transaction-level review with exceptions tracked to resolution
Monthly control reports with clear status on all outstanding items
Supports a steady, well-maintained control environment year-round

Investment

USD 880

Per month

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Combined Services

Services that work well together

Each service stands alone, but the three were designed with complementary roles in the administration cycle. Some combinations are particularly natural.

NAV + Reporting

Valuation and investor statements handled together means the figures go directly into the statements without an intermediate hand-off. The methodology is consistent throughout.

NAV + Reconciliation

Combining valuation and reconciliation means discrepancies are identified and resolved within the same team, before they affect the NAV or require explanation after the fact.

Full Administration

All three services together provide end-to-end administration: valuations calculated, controls maintained, and investors kept informed — all from a single, consistent source.

Pricing Approach

What goes into the quote

We don't apply a standard rate to every fund. The scope conversation determines what's actually involved, and the quote reflects that.

Asset classes held

Complexity of the portfolio and pricing sources required

Valuation frequency

Monthly, quarterly, or other schedule

Number of investors

Reporting volume and statement complexity

Structure and domicile

Legal structure, reporting currency, and accounting standards

Getting Started

What happens when you get in touch

There's no pressure at the initial stage. The first conversation is about understanding your fund and whether there's a sensible fit.

1

You send a message or request a call

Brief details about your fund are helpful — structure, approximate AUM, what you're currently doing for administration — but anything is a starting point.

2

We have a short scoping conversation

We'll ask about the fund's structure, asset classes, reporting requirements, and current arrangements. This shapes what we'd propose and what it would cost.

3

We provide a scoped proposal and fee

A clear description of what we'd do and what it would cost — based on the actual scope, not a generic rate. You have everything you need to make a considered decision.

4

Onboarding proceeds once terms are agreed

We document the accounting policies and data framework before any period work begins. The first period proceeds only when the methodology is clearly agreed and recorded.

Suited To

The funds we work best with

Our approach suits funds where the quality of administration matters — not just the completion of it.

Funds with engaged investors

Where investors read their statements, ask questions, and expect clear answers. Our reporting is designed for that level of scrutiny.

Funds preparing for audit

Where the administration record needs to withstand external review. Our workpaper standards are built with that in mind.

Funds reviewing their current arrangements

Where something isn't working — inconsistent reporting, poor documentation, slow query responses — and a fresh approach would help.

Newly established vehicles

Where the accounting framework needs to be set correctly from the start, not adjusted later when problems emerge.

Multi-asset or complex structures

Where the valuation methodology isn't straightforward and needs careful documentation to be consistently applied.

Funds with institutional allocators

Where the quality of documentation and reporting is part of ongoing investor relations, not just a compliance requirement.

Ready to Discuss

Tell us about your fund and what you're looking for

A short conversation is enough to establish what we'd suggest, what it would involve, and what it would cost. There's no commitment at that stage.

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