Fund of Funds

Fund of Funds

Fund of funds managers face increased scrutiny from regulatory bodies on top of demands, inquiries, and reporting requirements from a variety of investors and for the fund itself.

Andersen can help. Our professionals have extensive experience assisting with comprehensive tax and financial reporting needs for the fund and investors. Our integrated, practical approach focuses on the funds and their partners together, to drive planning and decisions-making to support goals in a tax-efficient manner.

Andersen advises private institutional funds of all sizes and continues to address the complex issues facing the industry, providing the following expertise:

• Strategies for optimal fund structure that addresses special investor or asset issues.

• Preparation and fulfillment of filing requirements around Form 1065s, Schedule K-1s, passive foreign investment company (PFIC) statements, including consideration of the excess distribution regime, mark-to-market regime, and the qualified electing fund (QEF) regime.

• Preparation of tax documentation to obtain withholding tax refund, in accordance with international tax treaties.

• Tracking contributed property and mandatory built-in gain or loss basis adjustment calculations.

• Partners’ strategies for profits interest ownership, including analysis of prospective legislation.

• Tax consulting around leadership changes and transitions.

• Integrated tax compliance and project level consulting for principals, as well as the fund itself across local, federal, and international jurisdictions. 

• Valuation of a wide array of tangible assets, intangible assets, and liabilities.