Reconciliation & Exception Management
Daily three-way reconciliation of trades, positions and cash against prime brokers, custodians and banks.
- Automated break detection
- Same-day exception resolution
Fund Accounting Services
Accurate, reliable fund accounting that builds investor confidence
Namus Fund Services gives hedge funds and private equity firms timely NAVs, reconciled books and audit-ready reports. Experienced fund accountants work alongside automated controls, so every number is right before it reaches your investors.
Trusted by fund managers
across hedge funds, private equity, private credit and real estate
Fund A
NAV statement · 31 Aug 2026 · USD
| Opening net assets | 412,806,220 |
| Net trading gains | 9,184,507 |
| Subscriptions | 15,000,000 |
| Redemptions | (6,250,000) |
| Management fee · 1.5% p.a. | (522,618) |
| Incentive fee · 20% over HWM | (1,732,378) |
| Fund expenses | (96,410) |
| Closing net assets | 428,389,321 |
NAV struck T+3NAV / share 1,284.62
0 open breaksCash & positions reconciled
Why fund accounting matters
Your investors judge you by the accuracy of every statement you send
Fund accounting is the record of everything a fund owns, owes and earns. It drives the NAV, the fees you charge and the capital each investor holds. A single mispriced position or missed accrual can ripple into restated NAVs, audit findings and uncomfortable investor calls.
Namus pairs senior fund accountants with automated reconciliation and review controls. The result is a clean, transparent set of books across master-feeder, multi-class and multi-vehicle structures.
Our Services
End-to-end fund accounting services
Take the complete service or just the pieces you need. Each mandate is led by a named fund controller who knows your documents and fee terms.
NAV Calculation & Fee Accruals
Independent daily, weekly or monthly NAV with management, incentive and performance fee accruals.
- Series and equalization accounting
- High-water mark tracking
Financial Reporting
Audit-ready financial statements, trial balances and investor reports prepared to your fund's accounting framework.
- Annual and interim statements
- Auditor liaison and PBC lists
Investor Services & Back Office
Subscriptions, redemptions, capital calls and distributions handled end to end.
- Capital call and distribution notices
- Investor statements and portal
Funds We Serve
Specialist teams for every fund structure
A hedge fund runs on daily prices and share-class math. A private equity fund runs on commitments, capital calls and the distribution waterfall. We staff each with accountants who have run that ledger before.
Hedge Funds
Independent valuation and accounting for long/short equity, global macro, credit, quant and multi-strategy funds, including master-feeder and segregated portfolio structures.
- Daily P&L and NAV with independent pricing
- Series, equalization and high-water mark accounting
- Management and incentive fee crystallization
- Shadow accounting for manager-kept books
- Prime broker and custodian reconciliation
Private Equity
Fund and GP accounting for buyout, growth and venture funds, from first close through final distribution and wind-down.
- Capital call and distribution processing
- European and American waterfalls, carry and clawback
- Partners' capital account statements
- Management fee offsets and step-downs
- Subscription line, co-invest and SPV accounting
Private Credit & Real Estate
Loan-level and property-level accounting for direct lending, mezzanine, real estate equity and debt funds.
- Interest accruals, PIK and amortization schedules
- Loan-level cash reconciliation with agents
- Property-level consolidation and JV accounting
- Investor income allocations and distributions
- Quarterly valuations support and reporting
Our Approach
How we onboard and run your fund
A structured five-stage transition that moves your books to Namus without disrupting a single NAV.
1
Weeks 1–2Assess & Map
Review fund documents, fee terms and current books. Map your chart of accounts and data sources.
2
Weeks 3–4Configure & Integrate
Set up the fund on our platform and connect prime broker, custodian and bank feeds.
3
Weeks 5–8Parallel Run
Run NAVs alongside your current provider and reconcile every difference before switching.
4
Go-liveAutomate & Operate
Take over daily operations with automated reconciliations and a fixed month-end calendar.
5
OngoingMonitor & Improve
Quarterly service reviews, KPI reporting and support as you launch new funds.
Benefits
What you gain with Namus
- Accurate NAVs, every cycleFour-eyes review and automated checks before any NAV is released.
- Faster month-end closeNAVs delivered on T+3, with a fixed month-end calendar every cycle.
- Scales with your firmLaunch new funds, share classes and SPVs without adding back-office headcount.
- Audit readyA complete audit trail from investor statement down to the journal entry.
- Lower operating costA predictable fixed fee in place of in-house systems and staffing.
Why Namus
What sets us apart
- Named fund controllerOne senior accountant who knows your fund, not a ticket queue.
- We read the LPAFee terms, hurdles and side letters are coded from your documents and signed off by your CFO.
- Daily reconciliationsBreaks are found and resolved the same day, not at month end.
- Integration-readyData delivered in the format your OMS, risk system or data warehouse expects.
- Alternatives specialistsHedge fund and private markets accounting is all we do.
Technology
One secure portal for managers and investors
Investors see statements, notices and tax documents the moment they are released. Managers get live NAV, capital activity and exposure reports, with every figure traceable to the entry behind it.
- Role-based access with multi-factor authentication
- Capital call and distribution notices with e-signature
- Read-only access for your auditors
Account value$12.48m
YTD net+8.03%
NAV / share1,284.62
NAV per share, last 12 monthsUSD
FAQs
Frequently asked questions
What are fund accounting services?
Fund accounting records a fund's investments, income, expenses and capital activity, and uses them to calculate the net asset value (NAV) and each investor's share of it. It also covers fee calculations, financial statements and the reports investors and regulators receive.
How is NAV calculated?
NAV equals total assets less total liabilities. We value every position from independent sources, add income and accruals, deduct fees and expenses, then apply subscriptions and redemptions. NAV per share is net assets divided by shares in issue for each class.
Why outsource fund accounting?
An independent administrator gives investors and auditors confidence that the NAV is verified by a third party. It also removes the cost of in-house systems and specialist staff, and scales as you launch new funds.
Do you support both hedge funds and private equity?
Yes. We have dedicated teams for hedge funds, private equity, private credit and real estate. Each uses processes built for that structure, from daily NAVs to capital calls and distribution waterfalls.
Can you work with our existing systems?
Yes. We work on leading fund accounting platforms and connect to your prime brokers, custodians, banks and order management system through API or SFTP. Output files follow the format your team already uses.
How does reconciliation work?
Every business day we match trades, positions and cash in our books against statements from prime brokers, custodians and banks. Breaks are flagged automatically, investigated and resolved, usually the same day.
How long does it take to onboard a fund?
A typical transition takes six to ten weeks, including at least one parallel NAV run with your current provider. New fund launches can be ready in as little as four weeks.
Build your fund on a solid financial foundation
Speak with a Namus fund accounting specialist about your structure, timelines and reporting needs.
Contact Us
Tell us about your fund
We reply within one business day to set up a scoping call, followed by a fixed-fee proposal.
IndiaSecond Floor, Bhamasha Techno Hub, Malviya Nagar, Jaipur, Rajasthan, 302017
Emailinfo@namusfundservices.com