Servicing All
Fund Types

Choose a fund administrator based on fit, not just cost. Prioritize:

• Proven experience with your fund strategy and structure complexity
• Strong audit track record, control environment and technology capabilities
• Ability to scale with fund growth and new geographies.

A thoughtful set of questions is critical to selecting the right fund administrator. Here are several key questions:

• How do you support audits, and what feedback do auditors typically provide?
• What experience do you have with the asset class(es) we focus on?
• How is your team structured, and do you have enough people, with the right skills and experience, to properly support our funds?
• What does your onboarding and conversion process look like?
• How do you handle complex structures and non-standard events?
• What services do you provide that are related directly and indirectly to our strategies?
• What controls govern NAV production and error resolution?
• Can your technology perform straight-through processes with transparency that is auditable?

In addition to a well-planned long-term strategy for utilizing advanced technology, the firm’s current technology should enable control, transparency and scalability:

• Data access and transparency - Can the firm access fund data on demand? Do they provide auditors with self-serve access?
• Reporting flexibility - Can reports be customized easily for internal teams and LPs?
• System integrations - Does the administrator enable connectivity with data platforms and other downstream applications?
• Automation - Is there reduced reliance on spreadsheets and manual workflows?
• Audit trail and controls - Is there clear data lineage and documentation
• Complex structures support - Does the firm offer multi-entity and multi-asset capability?

A fund administrator should act as the central audit coordination hub:

• Prepare financial statements and supporting schedules
• Manage PBC requests, confirmations and samples
• Coordinate timelines, deliverables and auditor interactions
• Track and resolve audit queries and adjustments
• Maintain complete documentation and audit trails

Key benefits include:

• Expertise and specialization ensure audits are conducted efficiently and effectively
• Enhanced governance with fewer delays, adjustments and rework
• Access to specialized technology resulting in improved data quality and consistency
• Streamlined auditor access to information via detailed and transparent reporting
• Faster, more predictable audit cycles
• Independent and objective, which provides assurance that audits are conducted fairly and without bias

While execution is outsourced, ownership remains with the GP. A provider like SS&C typically handles:

• Day-to-day audit coordination and data preparation
• Auditor communication and request management

The GP/Manager focuses on:

• Key judgments (e.g., valuations, assumptions)
• Final review and sign-off

SS&C Technologies differentiates through:

• Depth of expertise across all major investment strategies
• Integrated, scalable technology platforms and infrastructure
• Ability to support complex, global fund structures
• A combination of domain knowledge + automation-driven delivery