4Pines Fund Services

In private capital, ensuring that your day-to-day tasks are running efficiently can cost you big if not managed properly. How can you outsource these crucial tasks to the right team and transition smoothly?     Matthew Trinkaus, CPA, our CFO, and Paul Filanowski, our Director of Business Development, have all the answers in the latest episode of our webinar series. They discuss the onboarding process and what it entails to find the right partner for the job. Watch the full webcast here to learn more – https://lnkd.in/gMCnetvC     #FundServices #PrivateCapital #CoSourcing #OutSourcing 

“The concept of ‘lifting out’ high-performance fund administration teams has become synonymous with scaling up.” Our latest blog addresses lift-outs: a growing trend in PE back-office operations that helps cut costs and turbocharges collaboration between GPs and fund administrators. For many firms co-sourcing, the collaborative form of outsourcing where the GP retains control over the data and works together with the fund administrator in the digital environment, is the best way to leverage lift-outs. “When lift-outs are added to the mix, the co-sourcing fund administrators hire the GP’s support operations and finance teams and put them to work with the GP as a client [...] This creates a tremendous advantage in terms of continuity. There’s no change in culture. The current internal team is preserved elsewhere as the fund administrator’s employees. They then continue to provide the same services to the GP as if they were in-house but gain the flexibility and broader teams necessary to build out and improve operational efficiencies over time.” Check out the full blog post here: https://lnkd.in/gj8EwpRA    #Outsourcing #PrivateEquity #FundAdministration #FundServices  

Outsourcing fund admin tasks is a hot topic for GPs. But what are the actual realities of making the switch? Our President, Chief Client Officer, and Co-Founder, Celeste Barone, and our CEO and Co-Founder, Michael Trinkaus, provide a live analysis of transitioning from internal fund administration to outsourcing on episode 15 of our Private Capital Strategy Series. With years of experience streamlining fund administration between the both of them, this conversation is a must listen! Watch the full episode here to learn more: https://lnkd.in/gyuzvPTn #Outsourcing #FundAdmin #FundAdministration  

Thanks to everyone that joined us Tuesday in Chicago. Here's one takeaway, every CFO and finance leader in private capital who has successfully advanced their career to the next step has faced a test - typically raising a new fund. They have a window of opportunity to set up the workflows that will succeed when inevitable complications arise. The difference between success that defines your career for the next rung, and struggles that leave doubts, is getting the drills and workflows right before game time so you can handle what comes. Once the game is underway, your star players or any new additions can only do so much if the fundamentals aren't in place.

We're looking forward to a selective peer-to-peer CFO networking dinner we are hosting Tuesday in Chicago. We find these smaller opportunities offer richer conversations and exchanges of insight. We will carry our question from Boston to the talented group of leaders we are meeting with in Chicago. Diligent talent is critical, and disciplined workflows between those talented individuals is critical. One should develop both, not one or the other. That much should be obvious. However, can you do a better job achieving team productivity and attract the talent you want by focusing on the workflows connecting that talent? We're increasingly hearing that the degrading fundamentals of robust workflows are holding back potentially talented teams and individuals. And technology solutions that don't address this can show nice dashboards and automate reports, but that's not enough. Even if you have a roster of quality logos behind you, it's not clear how many of those folks are really happy if the fundamentals of serving them are degrading.

Our time in Boston this week has reminded us of how valuable it is to listen to the smartest people leading private capital finance teams today.   We're looking forward to taking that conversation to Chicago next week.   Here’s one thing we'll ask all of you. When you invest in fund administration and fund administration technology - do you feel it's more valuable for individuals to get dashboards that consolidate views of information and generate reports, or do you think it's more valuable to increase the efficiency of interactions and workflows between individuals on your team and external teams? #Boston #Chicago #PrivateCapital #FundAdmin #Outsourcing

There’s still time to register for tomorrow’s webinar focusing on the best practices for reshaping workflows at your private capital firm.     Join Matthew Trinkaus, CPA and Paul Filanowski as they discuss how outsourcing your management system could lead to better workflows and lower overhead costs.     Register here to secure your spot - https://lnkd.in/gwT5uVYH   #PrivateCapital #AccountingWorkflow #Outsourcing  

If you’re working on any of the below administrative tasks and trying to determine how you can get it to run more smoothly, you’ll want to tune in to our upcoming webcast with Matthew Trinkaus, CPA and Paul Filanowski: - Audit and taxes - Preparing monthly financial statements - Accounts payable/accounts receivable - Regulatory reporting - Period-end journal entries - Reconciliations (including inter-company) - Partner allocations - Cash flash reports - Payables/vendor reports - Payroll and benefits provider research - Policy set-up and maintenance - Prepare outgoing cash settlements - Prepare 1099s   The webinar will be held on Thursday, August 22 at 1:00pm ET/10:00am PST. Register here - https://lnkd.in/gwT5uVYH #PrivateCapital #Workflow #AccountingShortage 

How do you make sure the day-to-day runs smoothly across your entire firm, and not just LP reporting? Offloading time-consuming back-office tasks to an experienced team of accountants and advisors helps. CFOs are concerned managing their firm’s accounting in-house increases overhead while providing limited return. So how do you outsource crucial but burdensome administrative tasks to experienced professionals? In an exclusive webinar on August 22, Matthew Trinkaus, CPA will walk us through the process and shows us when it works, and when it doesn’t. You won't want to miss this conversation between Paul Filanowski and Matt. Secure your spot by registering here: https://lnkd.in/gwT5uVYH #PrivateCapital #AccountingWorkflow #FundServices #CFOs #LPs

Missing a deadline speaks poorly of one’s ability to organize responsibly, but it is also more common than we all like to admit.  “Our perceptions of our available time, our abilities, and any roadblocks we may hit are greatly skewed,” Kristi DePaul explains in the Harvard Business Review. “This is a phenomenon called the planning fallacy, and it happens to professionals at all levels and in every occupation.” There is some great recent research on the issue, and we can’t recommend enough the article and the strategies it offers to help train our minds better. There are a few lessons in there that mirror closely our experience with group collaborations and our approach to helping teams deal with deadline trouble. Those include introducing objective assessment measures and improving transparency and communication. Reach out to learn more about our new proprietary collaboration platform built for fund administration in private equity, which can help teams accurately track progress on different tasks and both preempt and ameliorate the consequences of missed deadlines. Check out the full HBR story here: https://lnkd.in/gazy8Ygc #PrivateEquity #FundAdministration #FundServices #VC #fintech