PORTFOLIO ACCOUNTING & SHADOW ACCOUNTING SERVICES
Portfolio Accounting That Keeps Pace With Your Fund — Whatever Its Size or Structure
STP has administered over $500 billion in assets since 2008.
Our U.S.-based portfolio accounting teams deliver accurate books, audit-ready financials, and real-time visibility — for funds ranging from first-time launches to multi-billion dollar operations.
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Accurate Portfolio Accounting Isn't Optional. Neither Is the Team Behind It.
Portfolio accounting errors don't stay in the back office. They surface in investor statements, in audit prep, and in the conversations you have to have with LPs when the numbers don't reconcile cleanly. STP's portfolio accounting service puts an experienced, dedicated U.S.-based team behind your books — supported by our proprietary BluePrint platform — so discrepancies get caught before they become problems.
We work across all fund structures and security types, including complex and illiquid positions, with 24/5 processing coverage across our U.S. and India teams.
Core Portfolio Accounting
- Daily, monthly, and quarterly NAV calculations
- P&L generation and allocation
- Trade capture and reconciliation
- Pricing, valuation, and GAV/NAV calculations
- Multi-currency and multi-basis accounting
- Corporate actions and cash management
- Fund expense management and fee calculations
Reporting &
Technology
- Financial statement preparation
- Audit-ready reporting and tax coordination
- Real-time portfolio visibility via BluePrint
- Customizable dashboards — no dev resources required
- Report packaging and scheduling
- Performance measurement and attribution
Investor & Compliance Support
- Investor statements and capital activity reporting
- Waterfall calculations and carried interest allocations
- Form ADV, PF, and D preparation
- Audit and tax coordination
- Digital investor portal via BluePrint
ALSO OFFERED: SHADOW ACCOUNTING
Already Have a Fund Administrator? Get an Independent Set of Eyes on Their Numbers.
Shadow accounting means maintaining a second, independent set of books that runs parallel to your primary administrator's calculations — verifying their NAVs, valuations, and investor allocations before those numbers reach your investors or your auditors.
Fund managers use shadow accounting for three reasons: to catch discrepancies early, to maintain independent oversight of a third-party admin, and to satisfy investor and regulatory expectations for dual-layer controls.
Independent trial balance preparation based on manager or third-party sources
Portfolio pricing based on the fund's valuation policy
Management fee and performance incentive calculation and verification
Independent NAV calculation and reconciliation against your administrator's figures
Real-time visibility across both record sets via BluePrint
Why Fund Managers Choose STP for Portfolio Accounting
$500B+
17 Years
No Minimum Fund Size
Independent
BENEFITS OF OUTSOURCING
What You Get When STP Handles Your Portfolio Accounting
One consolidated view, not five systems
BluePrint aggregates data from all underlying accounting platforms into a single, real-time dashboard for you and your investors
A dedicated team, not a ticket queue
Every client has access to fund accounting leads, an account manager, and a client relationship manager, all reachable during U.S. Eastern Time business hours and beyond
Audit prep that's already done
Systematic workflows and complete audit trails mean your books are audit-ready year-round, not just in Q1
Coverage across complex instruments
All security types supported, including illiquid and complex positions that generic administrators aren't equipped to handle
Scale without rebuilding
STP's modular service model grows with your fund, adding capabilities as your operational needs evolve
Fund Structures We Support
Private Equity Funds
Venture Capital Funds
Fund of Funds
Real Estate Funds
Hedge Funds
40 Act Funds
(Shadow Accounting)
Beyond the Selection: A Toolkit for Ensuring Success with Your Fund Administrator
This guide aims to help address an issue many fund managers face after selecting a provider - the disappointment of having made the wrong choice.
PERSPECTIVES
Fund Administration Insights for Smarter, Scalable Operations
For emerging and growing hedge funds, cost discipline matters. Every decision, especially early on, can feel consequential. Fund administration, in particular, is often viewed as a commoditized service: necessary, but...
Every fund manager I’ve encountered leads with performance. And understandably so—if you’re not meeting investor expectations or delivering on the story you told during capital raising, longevity in this business...
One of the first questions I ask when working with an emerging manager is simple: “How much do you anticipate launching with?”
A Toolkit for Ensuring Success with Your Fund Administrator
Choosing the right fund administration service provider is crucial for your firm's efficiency and success. If you're disappointed with your current provider, download our eBook, "Beyond the Selection: A Toolkit for Ensuring Success with Your Fund Administrator," to learn how easy it is to enhance your operations by switching to STP Investment Services.
