Spero Fund Administration

A back-office your LPs trust. Run by expert fund accountants, accountable to the standard your firm publishes.

Schedule a Call → See what we do

Who this is for

For GPs who want to outsource LP documentation and focus on finding great investments instead.

  • Emerging managers raising Fund I–III who need institutional-grade administration from day one.
  • Established sponsors transitioning off legacy platforms or in-house spreadsheets.
  • Real estate, private equity, and credit funds looking for a senior back-office partner.
  • Co-invest vehicles, SPVs, and parallel structures requiring disciplined waterfall and reporting work.

What we do

Formation to Dissolution. One accountable team.

ONBOARDING

Onboarding

Investor onboarding, sub-doc execution, accreditation checks, KYC/AML, capital call issuance, and wire confirmations. All sequenced to a clean first close.

COMPLIANCE

Compliance

Form D filings, blue sky notices, ongoing KYC/AML and accreditation refreshes, and side-letter tracking. Kept current on a calendar.

CAPITAL EVENTS

Capital Events

Ongoing capital calls and distributions. Drafted, reviewed, and executed on schedule with waterfall mechanics, wire confirmations, and reconciliation built in.

INVESTOR RELATIONS

Investor Relations

Quarterly capital account statements, LP support, and statement delivery. Operated under your brand on the platform your LPs already trust.

AUDIT & TAX

Audit & Tax

Year-end audit support and K-1 coordination with your tax preparer. Clean schedules, on time, with auditable supporting work.

Why Spero Fund Administration

Three commitments LPs notice within a quarter.

01

A dedicated Customer Success Manager

One named point of contact for the GP. Whatever the request. Onboarding, compliance, capital events, IR. Your CSM coordinates the right people across our team and follows it through.

02

Expert fund accountants

Tenured fund accountants do the work. Always following what the sub-docs and the GP direct. We don't make LP decisions; we execute the ones your fund documents already make.

03

CFO oversight, by design

Embedded CFO review on controls, allocations, and disclosures. So your LP communications are right the first time.

Example Deliverables

The deliverables your investors expect. Produced on schedule.

Every fund administration engagement publishes a defined set of investor-facing deliverables. Capital call and distribution notices, quarterly capital account statements, and annual K-1s coordinated with the fund's tax preparer. Each is versioned, audit-ready, and dual-reviewed before release through the platform.

Cadence Example Deliverable Format
  • Per Event Capital call noticesDrafted, reviewed, and issued through the LP portal with wire confirmations and audit trail. PDF · LP-PORTAL
  • Per Event Distribution noticesCalculation, waterfall application, wire instructions, and tax characterization. PDF · LP-PORTAL
  • Quarterly Capital account statementsPosition, contributions, distributions, allocations, NAV. PDF · LP-PORTAL
  • Annually Audit supportPBC schedules, workpaper coordination, and auditor liaison through sign-off. DATA ROOM
  • Annually K-1 coordinationCoordinated with fund counsel and tax preparers, distributed on schedule. DATA ROOM

Fractional CFO Services

CFO-level oversight — not just back-office execution.

For fund managers who need more than administration, Spero's fractional CFO services layer directly onto your funds and GP entities. Available in three service tiers scaled to your needs.

Fund Service Packages

Basic

Core Fund Reporting

  • —Maintain shadow GL for fund
  • —Quarterly financial statements (Balance Sheet, P&L, Cash Flow)
  • —Coordinate reporting timeline with fund administrator for on-time deliverables

Plus

Audit & Capital Event Oversight

  • —All Basic services
  • —Review fund admin prepared capital calls and distributions
  • —Review fund admin prepared quarterly financial statements
  • —Track audit progress and manage open items
  • —Review draft audit reports and K-1s

Premium

Strategic CFO Partnership

  • —All Plus services
  • —Cash planning with rolling liquidity projections
  • —Fund dashboards and KPIs
  • —Strategic fund planning: multi-year projections, fund pacing, and deployment modeling
  • —Strategic fundraising assistance

Management Company & GP Entity Services

Basic

Bookkeeping & Compliance

  • —Maintain bookkeeping for management company and GP entity
  • —Monthly bank and credit card reconciliations
  • —Identify cost allocation between fund and management entities
  • —Annual financial statements for management company (Balance Sheet, P&L, Cash Flow)
  • —Tax coordination for management and GP entities

Plus

Budgeting & Cash Flow

  • —All Basic services
  • —Coordinate with payroll and benefits provider
  • —Budget and quarterly variance analysis
  • —Monthly cash flow forecasting

Premium

Strategic Operations & Treasury

  • —All Plus services
  • —Manager growth plan and forecasting
  • —Cost and system optimization recommendations
  • —Treasury management: liquidity monitoring, credit facility tracking, wire control implementation
  • —Annual audit and tax debrief with process improvement recommendations

An LP-grade back office.

SALES @ SPEROCFO.COM · DIRECT TO THE FUND ADMINISTRATION TEAM

For Emerging GPs

I'm launching a fund.

First or second close. Need an institutional back-office setup before you take a wire.

Discuss launch → For Established Managers

I'm considering a switch.

Existing fund, current admin under-delivering. Looking for senior process and a partner with platform depth.

Confidential migration call →