Beeta Lecha

Beating the Odds: How Accounting Can Help You Scale Your Business

Featured, Operations / By /

An outsourced or in-house accountant can provide the information private lenders need to make educated decisions about growth. Successful entrepreneurs know their businesses will navigate several phases of growth. The same can be said of a newly formed private equity fund. Once it reaches a growth level beyond what could be considered natural, organic growth, […]

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The Benefits of Outsourced Fund Administration

Featured, Operations / By /

Hiring a knowledgeable fund administrator can help relieve you from non-core, operational back-office functions and enhance your business A growing trend among investment fund managers is to outsource back-office accounting and administration. Outsourcing allows fund managers to focus on deal making and securing capital while an independent third party manages regulatory compliance, risk mitigation, and

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Designing Nonperforming Note Funds

Accounting, Legal, Strategy / By /

The fund structure, accounting methods and other strategies must be considered in addition to securities compliance. A nonperforming loan (NPL) is a type of note that is in default, distressed, delinquent or otherwise dilapidated. NPLs are interchangeably used with nonperforming notes, distressed debts or distressed loans. Generally, an NPL holder no longer anticipates repayment from

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Lessons From a Real Ransomware Attack

Featured, Technology / By /

Our firm takes cybersecurity seriously, but we were still impacted by attacks on our third-party providers. It never occurred to us that a ransomware attack on a third-party provider would affect our business. Cybersecurity has been a big priority for our public accounting firm. Like private lenders, we are responsible for protecting the sensitive data

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What You Need to Know About the Centralized Partnership Audit Regime

Strategy / By /

Fund managers may not be aware of their new role during an IRS audit of companies with partnered members. The new centralized partnership audit regime (CPAR) introduced by the Bipartisan Budget Act (BBA) started with the 2018 tax year. Under the old rules, there was no mechanism for the IRS to collect tax at the

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