Venture capital fund managers continuously contend with two discrete sets of tactical accounting challenges. At the fund level, they need to stay abreast of compliance requirements and updated technical rulings from the SEC and professional bodies such as FASB and IASB. At the portfolio company level, fund managers must also make sure that the financial controls and accounting systems appropriate to the entity’s stage of maturity (and operations/industry) are in place. EisnerAmper’s venture capital fund team offers fund managers comprehensive accounting and financial reporting support at both levels, so fund managers can focus on their core responsibilities of capital attraction and investment strategy.
EisnerAmper works with venture funds of all sizes, investment approaches and industry specializations. Fund managers engage us for timely, accurate and comprehensive financial reporting, transaction services (audit, IPO and capital readiness), U.S. and international tax compliance, and data analysis. At the operational level, funds also turn to us to upgrade financial reporting and controls at their portfolio companies, where we provide ongoing finance-function support, management of accounting department personnel, and liaise with legal, payroll/PEO services and insurance providers.
Our team has considerable experience dealing with complexities of the private equity and venture capital industries. Our venture capital team also works closely with the professionals in our life sciences, biotech, health care and private business services groups, gaining valuable insight to investee companies – and creating relationships with the venture capital community.
When necessary, our venture capital fund team draws upon the expertise of other EisnerAmper professionals who specialize in initial public offerings, anti-money-laundering and cybersecurity and private equity. For funds with international interests or tax considerations, EisnerAmper provides cross-border experts and local support through EisnerAmper Global.
In an environment that’s rapidly changing, securing opportunities is crucial for development and growth. Making the right decisions, understanding risks and navigating compliance requirements are equally important. Our venture capital fund team understands the pressures and demands fund clients face and provide specialized solutions to address these challenges head on.
The fund industry has recognized the impact of our approach: EisnerAmper was named Hedgeweek’s “Top North American Accounting Firm” for 2015; voted a “Top Accounting Firm” for Institutional Investor’s Alpha Awards for the past 3 years, in all 5 of its surveyed aspects of service; and selected as the “Best Tax Advisor” by Alt Credit Intelligence.