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Hedge Fund & Family Office Services

BPA offers a complete suite of services for Hedge Funds and Family Offices that spans the entire lifecycle from fund formation, to administration and valuation, to credit monitoring and due diligence. We have designed these to be offered separately, on an as needed basis, and they can be integrated into a comprehensive outsourced service that allow manager to focus more on running and growing their business than handling the operational aspects of the investments.

Our due diligence and credit monitoring is based on deep experience in ill-liquid assets including mortgages, loans, leases, receivables, direct lending, distressed assets, real estate, and other real assets. For assets that your currently own, BPA can value those assets under various disposition strategies and monitor each asset to insure the highest level of performance

BPA’s administration solutions leverage technology and efficient processes to provide improved service at a lower cost. BPA’s solutions are integrated across the middle and back office allowing BPA to tailor several different products and services into a custom solution for investors, lenders or private debt funds. Experienced personnel serve as an extension of your team or a cost–effective business process outsourcing partner

Whether you are an experienced lender, manager, or investor, or looking to expand your credit strategy, BPA can help you maximize your benefits and minimizes your risks. Our credit experience and expertise covers broadly syndicated credits, middle market, club deals, bilateral, mezzanine, and distressed debt. We also have expertise in conventional asset classes. Our services are easily integrated and matched to the specific needs of our clients.

BPA Service Offerings:

Fund Formation and Start Ups

- Review fund offering documentation for business terms
- Advise on fund structure, compensation structure, liquidity terms, valuation procedures, and subscription methods
- Provide guidance on applications to regulatory authorities
- Assist with establishment of fund accounting policies and procedures
- Assist with establishment of fund operational policies and procedures
- Provide input on fund structure, terms and potential service partners
- Assist in linking investment objectives and related risks

Fund Accounting & Administration

- Perform procedures in accordance with accounting policies
- Maintain accounting and investment portfolio records
- Reconcile trading and cash activities with third parties
- Calculate NAV’s as required in accordance with policies
- Prepare monthly and annual financial statements
- Calculate fees to fund manager and custodian
- Compare portfolio pricing to independent pricing, if needed
- Review fund invoices and recommend payment of fund expenses

- Assist in implementing a compliance program consistent with regulatory requirements and perform post-registration consultation. Recommend outside resources as needed
- Assist in monitoring compliance with operating procedures, accounting policies internal controls, and regulatory filings
- Review of Client Marketing Materials
- Provide recommendations for the current Compliance Manual (Policies & Procedures) to address SEC or state rules and regulations
- Assist in creating a Business Continuity Plan
- Assist with creating a Succession Plan
- Assist in the annual compliance review

- Provide guidance with the strategy, tactical execution and presentation materials
- Assist in developing a SEC compliant website
- Develop firm and fund’s Pitchbook, Tear Sheet, and other marketing materials
- Add the Firm and Fund on appropriate 3rd party investment platforms and research databases
- Introduce the Firm/Fund to potential institutional investors
- Assist with the fundraising efforts by assisting with the marketing, sales, and post sales strategies and operational tactics
- Strategize on fee structures and provide suggestions for negotiations

BPA can provide supportable, transparent valuations of illiquid, Level 3 investments and complex securities including:
- Illiquid debt and equity securities
- Private placement debt
- Collateralized loan and debt obligations
- Real estate investments (debt and equity)
- Mortgage-backed securities
- Mortgage Loans
- Non-Performing Loans (NPL)
- Commercial Loans and Leases
- Consumer Loans and Leases
- Leveraged loans, including senior secured debt, second lien loans, mezzanine and other subordinated loans

- Conduct due diligence on new assets and currently owned assets
- Identify performance improvement strategies, including analysis and recommendations for enhanced profitability and portfolio management
- Create Financial Projections to support investment decisions, M&A transactions and business planning processes
- Capital Allocation Advisory to provide an objective, defensible process for prioritizing investments

Risk Management and Middle Office

BPA can assume numerous responsibilities and tasks your firm currently performs. Many are related to monitoring, such as:
- Covenant Tracking – Monitoring and distribution of required covenant (financial & operational) information including financial statements, compliance certificates, audit reports, etc. BPA is the point of contact with client borrowers for the purpose of proactively monitoring risk factors
- Collateral Administration – Loan setup, cash flow modeling, asset tracking, document management
- Portfolio Analytics – Provide synthesized information and reports
- Cash Monitoring – Reconciliation of actual cash flow versus projected
- Event Management – Coordination/distribution of amendments, consents, waivers and related communications
- Workout Management – Assist with events of default, distressed workouts and restructures
- Document Library – Maintain deal documents and agent bank notices
- Reporting – Provide customized reporting and analysis focused on identifying risk and potential performance issues, including trends among various performance metrics
- UCC-1/UCC-3 Monitoring – Monitor for changes in corporate name, structure, or good standing that could affect lien position

Case Studies

Merchant Advances

Contact

For additional information, please contact:

Tom Glanfield
(954) 832-3556
tglanfield@bostonportfolio.com

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