Private Investments

Private investments continue to gain interest. Powered by our proprietary Seamless Drawdown Software, with unique capabilities to handle private equity and venture capital along with SPVs, our team of fund administration specialists provide you with industry leading NAV turnaround and the highest level of client service. Use CommonSubDoc, our cutting-edge onboarding platform, to manage your relationships and capital activity. Why Formidium? Because digital is our element.

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Solutions for Mutual Funds

Fund Services

The Formidium Fund Services team of industry veterans has spent many years building and testing a more efficient method of fund administration using progressive, user-friendly, and secure technology. As a result, Formidium provides its clients with an industry leading NAV turnaround and customized reporting solutions, all at competitive prices.

Fund Administration

Assistance with fund set-up; documents review; regulatory filings; treasury services

Fund Accounting

Reconciliation of trades; full portfolio, fund, & investor accounting; NAV calculations; automated waterfall, management & performance fees

Investor Services

Process investor activity with e-subscription technology; AML checks; customized investor reporting & communications portal

Dynamic Technology

In-house development team can create white label web portals for clients and their investors

Treasury Services

Open & maintain bank accounts; process investor cash movements; pay invoices; manage collateral & margin movements

Audit Support

Financial statement preparation & distribution; serve as main contact for auditors & audit queries

Proprietary Technology

Seamless Drawdown consolidates and automates fund administration functions and reporting for our clients. Seamless is highly automated and scalable with an ability to handle complex waterfall structures, large numbers of LPs, integrate at the local operating partner level (e.g. property managers), and provide customized reporting.

CommonSubDocTM is a web-based investor onboarding platform designed to help manage your investor relationships and simplify the investment process. CSD solves the challenges of managing investor activity through its comprehensive online platform.

How Seamless Drawdown Can Help

We solve your back-office challenges with a complete web-based general ledger investment accounting system

We Solve Your Investment Backoffice


Progressive Technology

Web technology with robust I/O


Domain Expertise

Over 2 million hours spent on
research & development

SOC1/SOC2/SOC3 Audits

Easy Onboarding

Successful use cases with 30K+
investors onboarded


Scalable Solution

Scalable technology solution handles
large volume of data


Easy Integration

Flexible integration with external

Transfer Agent

Global Support

Dedicated IT help & support
from product team


Client Servicing

Committed client service team in
multiple time zones

SOC1/SOC2/SOC3 Audits


Comprehensive cyber security controls
& SOC 1, 2, & 3 audited

Competitive Pricing


Interactive GUI & white labeled

Services Description

Fund Accounting
  • Complete general ledger accounting and reports
  • Tracking of expenses and payments
  • Calculate and tracking of income/loss, expenses and distributions
  • Cash reconciliation and tracking of receivables/payables
  • Fund and investment level accounting on weekly, monthly, and quarterly basis
  • Transparency and other accounting and portfolio reporting for LPs
  • Automated management fees, carried interest, and waterfall calculations
  • Easy historical accounting uploads
  • Preparation of year-end and semi-annual financials in accordance with US GAAP or IFRS
  • Communicate and liaise with auditors
  • Respond to audit queries and adjust financials as needed
SPV Administration
  • Experienced staff to answer your questions/queries. You are more than a ticket number
  • Assist with setup and fund launch
  • Setup and creation of new SPVs for investments
  • Capital commitment, calls & distributions
  • Online secured portals for manager and investors
Private Equity and Venture Capital Fund Administration
  • Assist with setup and fund launch
  • Automated waterfalls removes reliance on spreadsheets
  • Data and analytics to drive performance
  • Experts who understand your business
  • Robust NAV reporting package
  • Form PF preparation
  • Full transaction ledger of trading and non-trading activity
  • Cash reconciliation and tracking of receivables/payables
  • Adherence to Foreign Account Tax Compliance Act (FATCA)
  • Common Reporting Standard (CRS) compliance
Treasury Services
  • Setup and maintenance of funds bank accounts for capital activity, operations, and distributions
  • Payment of expenses, distributions and investments
  • Transfer balances for investment activity
  • Complete reconciliation of bank books
  • Expense budgeting, accruals, and invoice payments
  • Maintain security controls and authorization levels for each counterparty or service provider
  • Facilitate securities finance transactions
  • Optimize the use of margin and collateral balances
  • Manage excess cash balances and sweep vehicles.
Investor Services
  • Customized capital call and distribution notices
  • Subscription and transfer transaction processing
  • AML checks in accordance with fund domicile regulations
  • Investor statement preparation and distribution
  • Maintain of investor documents
  • Serve as main point of contact for investor queries and requests
  • Custom investor reporting
  • Distribute of fund and manager documentation to investors
  • User-friendly secure investor web portal
Audit Support/Liquidation
  • Support in complete liquidations, audit support
  • Draft financial statements preparation in accordance with GAAP or IFRS
  • Liaise and act as main point of contact for auditors
  • Distribute audit reports to investors, exchanges, regulators and other parties
  • Financial highlights and footnotes
  • Prepare of cost rollforwards and other supporting reports
Tax Services
  • Complete federal and state tax returns – EVERY Year, not just first and last year
  • K1s for investors
  • 1099s and tax with holding for non-US investors
Technology Portals
  • CRM capabilities, relationship management with the investors after the initial onboarding
  • Interactive dashboard to track status of subscriptions
  • Option to white label with client branding
  • Dynamic, user-friendly and intuitive web portals for clients and their investors
  • Securely share fund documentation and client reports with investors
  • Option to white label with client branding
  • In-house development team customizes to meet client needs
  • Built with multiple AWS disaster recovery sites