Investment Fund Accounting
Fund accounting, fund administration, investor reporting, and fund tax preparation through K-1s for private equity, venture, and impact funds. One accountable team from capital call to K-1.
What this service covers
Novum Partners provides investment fund accounting to private equity, venture, and impact funds, including faith-driven investment firms. The work covers fund accounting, fund administration, capital calls and distributions, investor reporting, coordination with auditors and outside advisors, fund tax preparation, and Schedule K-1s for every investor. Novum is a strategic management firm based in San Antonio, Texas, and serves funds across the United States.
Looking for church or nonprofit fund accounting? That is restricted-fund accounting, covered by our Finance & Accounting practice.
What Is Included
The general partner should spend its time on investments and investors. Novum carries the accounting, administration, reporting, and tax work that keeps the fund in good standing with both.
Books kept on the terms of the limited partnership agreement: capital accounts by investor, management fee and expense allocations, waterfall and carried interest calculations, and a disciplined periodic close.
Capital call and distribution notices, investor records kept current, payment review, and the calendar of fund obligations managed so nothing reaches the general partner late.
Quarterly investor and capital account statements and the fund-level reporting package the general partner sends to limited partners, built from one set of reconciled numbers.
The fund's partnership tax return and a Schedule K-1 for every investor, prepared from the same capital accounts and allocations used in investor reporting, on a calendar set with the general partner.
One point of contact for the fund's auditors, outside tax advisors, legal counsel, banks, and portfolio company finance teams, so the general partner manages one relationship.
Accounting, controller oversight, FP&A, and fractional CFO leadership for portfolio companies through our Finance and Accounting practice, on the same reporting standards as the fund.
How an Engagement Runs
Every fund engagement follows the same delivery method Novum uses across the firm.
Discover
Read the fund as it is
We review the limited partnership agreement, side letters, existing books, investor records, prior returns, and the reporting investors receive today, then name every gap before we touch the numbers.
Build
Set the fund up to report cleanly
We build the chart of accounts, the capital account and allocation model, investor reporting templates, and the close and tax calendar, and reconcile opening balances.
Steward
Run the cycle every period
We run the close, investor reporting, capital activity, the audit, and the annual tax cycle through K-1s, and report to the general partner on a fixed rhythm.
One Firm. Four Disciplines.
Pairs With Fund Accounting
Controller oversight, FP&A, and fractional CFO leadership for portfolio companies that need a stronger finance function.
Explore Finance & Accounting →Pairs With Fund Accounting
Acquisition support, Business Turnaround, and operating plans for portfolio companies after the deal closes.
Explore Strategic Consulting →Pairs With Fund Accounting
IT due diligence, systems selection, and managed IT for the fund and its portfolio companies.
Explore Technology & AI →Thirty minutes with a senior partner. You will leave with a clear read on where your fund accounting, reporting, and tax cycle stand, whether you hire us or not.
Book a Strategy ReadEvery Strategy Read is with a senior partner, never a sales rep.
Investment fund accounting keeps the books of a fund on the terms of its limited partnership agreement: capital accounts for each investor, capital calls and distributions, management fee and expense allocations, and the waterfall that governs how returns are shared. At Novum Partners the work also covers fund administration, quarterly investor reporting, coordination with the fund's auditors and outside advisors, and fund tax preparation through Schedule K-1s for every investor.
The two share a name and little else. Church and nonprofit fund accounting tracks donor-restricted and unrestricted resources so an organization can show it used gifts as the donor intended. Investment fund accounting tracks each investor's capital in a pooled fund under a partnership agreement, including contributions, distributions, allocations, and carried interest. Novum provides both: investment fund accounting on this page, and church and nonprofit fund accounting through the Finance and Accounting practice.
Yes. Novum prepares the fund's partnership tax return and the Schedule K-1 for every investor, built from the same capital accounts and allocations used for investor reporting. The delivery calendar is set with the general partner at the start of the engagement, and Novum coordinates with any outside tax advisor the fund already uses.
Novum serves private equity, venture, and impact funds, including faith-driven investment firms, that want accounting, administration, investor reporting, and tax under one accountable team. Novum Partners is a strategic management firm based in San Antonio, Texas, and serves funds across the United States.
Yes. Through the Finance and Accounting practice, Novum provides accounting, controller oversight, FP&A, and fractional CFO leadership to portfolio companies, so the general partner receives fund and portfolio reporting built on the same standards.