ANNUAL COMPLIANCE PROGRAM SUPPORT (FUND/MANAGER)
A compliance program is not something a fund manager should revisit only when a problem comes up. For most sponsors, it needs regular attention: policies should still fit the business, disclosures should still match the platform, and the annual review should be more than a routine exercise. That is especially true as a manager takes on new investors, launches new vehicles, adds service providers, or adjusts how the platform operates.
- The Framework
Keeping Your Framework Up to Date
We advise funds and managers on annual compliance program support with that in mind. In practice, that means helping clients review the existing framework, update policies and disclosures where needed, and work through the practical issues that tend to surface over the course of a year.
- Tailored to Your Platform
Focused Reviews to Broader Support
For some clients, that means a focused annual review of the compliance program and related documentation. For others, it means broader support across the fund and manager platform, including updates tied to new products, changed workflows, service provider relationships, marketing practices, valuation procedures, personal trading controls, or conflicts management. We help clients approach that process in practical terms. The question is not just whether the policies exist. The question is whether they still reflect how the business is actually being run.
- Core Compliance Services
Annual Support Work
Our annual compliance program support work typically includes:
- annual review support for the fund and manager compliance program
- updates to compliance manuals, policies, and internal procedures
- review of disclosures and investor-facing materials for consistency
- assessment of conflicts, allocation, valuation, and trading controls
- review of service provider oversight and operational compliance points
- practical guidance on issues identified during the review process.
- Platform Integration
Aligning with Your Current Structure
We also advise on how the compliance framework fits with the manager’s current structure, including new funds, side vehicles, co-investment arrangements, changes in personnel, evolving investor expectations, and the day-to-day realities of operating the platform.
- Closing the Gap
Honest and Early Assessment
This work tends to be most valuable when it is approached honestly and early. A compliance program can look complete on paper and still fall behind the business it is supposed to support. We help clients close that gap by reviewing what has changed, identifying the areas that need attention, and making updates that are sensible, proportionate, and workable in practice.
Sometimes the need is straightforward: an annual review, a policy update, and a fresh look at the existing framework. Sometimes it comes from change — a growing platform, new personnel, added vehicles, or operating practices that have outgrown the original documents. Our role is to help managers take stock of where things stand, make thoughtful updates, and keep the compliance program aligned with the business as it exists today.
- Insights & News