ABAX - Adding value to global business

ABAX - Adding value to global business

Fund & Investor Services


Private Equity Funds

ABAX provides a full-fledged turnkey solution for private equity fund administration. We partner with the Fund manager during the life cycle of the Fund and thus enable them to focus on their core competency.

We understand that each Fund has its unique characteristics driven by the fund structure, fund documentation and investors’ requirements. At ABAX we tailor our services to match our client’s needs.

We currently host some of the largest fund managers in the industry with committed capital of more than $1billion. We also privileged to contribute to the development of the African continent by providing fund administration solutions to start-up fund managers investing in industries with significant social and economic impact on the continent.

The type of Private Equity investors whose funds we administer cut across a full spectrum, from HNWIs to global Financial Institutions. We have interacted with most of the Development Financial Institutions (DFIs) worldwide and are thus in a position to understand the investors’ requirements in various jurisdictions.

 

Fund Structuring & Advisory Services

  • Advice on the most optimum structure and assistance in obtaining required regulatory approval
  • Review of offering documents and fund documentations to ensure compliance with the relevant laws and regulations

 

Corporate & Compliance Services

  • Statutory and regulatory governance compliance for corporate entities, partnerships and trusts
  • Corporate Secretarial Services
  • Shareholder Services (AML/KYC)
  • Provision of resident directors
  • Board meeting tasks, including preparing board materials and drafting minutes
  • Advice on corporate governance
  • Regulatory reporting and filing to governing bodies
  • Compliance services, with monitoring and reporting as required by the Fund constitutive documents

 

Accounting & Administrative Services

  • Books and records maintenance
  • Financial reporting under IFRS and audit assistance
  • Capital call and distribution computation
  • Undrawn commitment monitoring
  • Management fees calculation
  • Incentive fees and waterfall management
  • Accommodating for excused investors
  • Equalisation working
  • Investor allocations, including waterfall calculations
  • Valuation services

 

Investor Services

  • Maintaining of Investor database
  • Preparation of capital accounts and statement of holdings for investors
  • Follow up with investors including capital call payments and required follow-up for defaulting investors
  • Processing of all investor mailings, capital calls, distributions, quarterly reporting
  • Responding to investors’ queries within a defined timeline
  • Web reporting services

 

Treasury & Tax Services

  • Opening and administering bank accounts
  • Preparing bank analysis and forecasted cash flow where required
  • Monitoring of distributions and proceeds
  • Tax planning strategies
  • Tax compliance services
  • FATCA services

 

Collective Investment Schemes

ABAX as a trusted partner supports Investment Managers with the day-to-day management of their funds, enabling them to focus on generating risk-adjusted returns, achieving their objectives and meeting ever growing investor demands. We offer a comprehensive and dedicated hedge fund solution for funds, with different strategies, domiciles and structures.

Accounting & Administrative Services

We offer solutions to cater for different accounting needs and requirements including the following:

  • Calculation of daily, weekly, monthly or quarterly NAVs for funds, including Multi-class fund, Multi-series, Master-feeder and Fund of funds
  • Portfolio valuation, income and expense accrual and complex fee calculation
  • Daily reconciliation of cash and security balances to prime brokers and counterparties
  • Books and records maintenance
  • Financial reporting under IFRS and audit assistance
  • Timely investor reporting
  • Registrar, Investor services & Transfer Agency
  • Administration services
  • Corporate secretarial services
  • Provision of directors
  • Domiciliation and Anti Money Laundering
  • Tax compliance services
  • FATCA services
Vishal Woochit

Senior Manager - Fund & Investor Services

Email: vishal.woochit@abaxservices.com

Zoubeir Khatib

Senior Manager – Fund & Investor Services

Email: zoubeir.khatib@abaxservices.com