SERVICES
Fund administration built around a controlled close, not a black box.
Connect fund accounting, NAV, financial reporting, valuation support and audit evidence through one reviewable operating model.
Overview
Fund administration sits at the centre of the fund operating record. It brings together books and records, cash, transactions, positions, fees, expenses, valuation inputs and reporting so that the manager can understand not only the final number, but how that number was produced.
Our model is designed to work alongside appointed administrators and other providers. We can execute selected operating workflows, build a manager-side oversight layer, or implement the technology and controls for an internal team to operate.
The operating challenges we address
- Fragmented accounting inputs and close evidence.
- Recurring NAV breaks and late reconciliations.
- Manual fees, accruals and reporting schedules.
- Valuation-support records that are difficult to evidence.
- Unclear boundaries between manager oversight and appointed administrator responsibility.
Capabilities
How the service works
| Step | Operating activity |
|---|---|
| 1 | Approved books, positions, transactions, prices and provider files are ingested and validated. |
| 2 | Cash, positions and transactions are reconciled to independent sources. |
| 3 | Accounting entries, fees, accruals and NAV-support calculations are processed under approved rules. |
| 4 | Material breaks and judgement-sensitive items are routed to specialist review. |
| 5 | Approved reporting, review packs and supporting evidence are released and retained. |
Technology & expertise
We combine controlled workflow technology with specialist operating knowledge. Expert judgement defines the rules, review criteria and exceptions; the technology layer connects data, automates repeatable processing, preserves evidence and routes issues to the right owner.
Core operating elements
- Financial AI Harness for workflow orchestration, tools, context and escalation.
- Specialist skills for the domain-specific work inside this service pillar.
- Approved data and system integrations rather than an unnecessary rip-and-replace model.
- Rules, validation, exception thresholds, permissions and audit trail.
- Expert review for judgement-sensitive and material items.
Who this is for
Most relevant to Hedge Funds, PE/VC, Private Credit, Real Assets and Asset & Multi-Managers.
Delivery models
| Model | Description |
|---|---|
| Managed Operations | We execute the agreed recurring workflow while client and appointed-provider approvals remain explicit. |
| Technology Enablement | We implement the data, workflow and control layer for the client team to operate. |
| Hybrid / Co-sourced | Execution and review are shared through a documented responsibility and escalation model. |
| Transition & Implementation | We mobilise the operating model during a launch, provider change or transformation. |
Responsibility and control
Our service architecture is designed to preserve formal responsibility boundaries. Where a regulated, fiduciary, legal, tax, audit, banking, custody, agency or investment-management role belongs to the client or an appointed provider, that responsibility remains explicit. Kelton operates the agreed workflow, technology, data and specialist-support layer within the documented mandate.
Discuss Fund Administration
Start with one operating problem or one workflow. We will map the current process, the data and provider dependencies, the control model and a practical first engagement.