ISIS Fund Services has launched a Private Equity Real Estate Platform (I-ReS) providing both property accounting and partnership accounting services to private equity funds that invest in real estate.
Between ISIS and its real estate strategic partners, the platform has a seasoned team of both private equity fund administration accounting professionals and property accounting professionals with on average 10 years individual industry experience.
Key advantages of utilising the platform include the ability to leverage the expertise of knowledgeable professionals and use top tier technology that will ultimately create efficiencies for the investment manager. The structure alleviates the investment manager’s burden of managing the back office operations and allows them to focus instead on managing the portfolio and creating value for the investors.
Scott Burns, senior vice president – private equity for ISIS, says: “Private equity real estate investment managers who are launching funds today require a comprehensive, bespoke product delivered efficiently at a highly competitive price. I-ReS ticks all these boxes and provides investment managers with confidence knowing that its back office operations are being handled by experienced fund and property accounting professionals.”
The platform’s services include, but are not limited to: full consolidation for property entities; financial reporting, accounting and bookkeeping services for the property entities; facilitate the payment of property level expenses; maintain the financial accounting records for the fund; handle capital call and distribution process; prepare partner capital accounts; and create and disseminate all investor level reporting. Essentially I-ReS will serve as the investment manager’s back office.