Rothstein Kass Unveils Reference Guide for PE Funds

Global professional services firm Rothstein Kass, a service provider to the alternative investment community, has published “Private Equity Fund, L.P, Proforma – Financial Statements and Independent Auditors Report,” a reference guide for the preparers of financial statements for private equity funds.

PRESS RELEASE
Global professional services firm Rothstein Kass, a leading service provider to the alternative investment community, has published “Private Equity Fund, L.P, Proforma – Financial Statements and Independent Auditors Report,” a reference guide for the preparers of financial statements for private equity funds ( http://www.rkco.com/Site/PrivateEquity/CorpContent.aspx ). Created from the expertise of the Rothstein Kass Private Equity Group, the guide includes financial statement templates, appendices, as well as a summary of notes to these statements.

“Our exceptionally strong relationship with the alternative investment community spans more than two decades and is built on a foundation of consistent and clear communication. From our proprietary research and white papers, to our firm-sponsored events and webinars, Rothstein Kass remains committed to helping our clients keep pace with a perpetually shifting competitive and regulatory environment and develop institutional-quality best practices. Our latest effort continues in this tradition by providing a comprehensive summary of current guidelines that have been enhanced to create a framework for improved consistency and comparability of financial statement filings,” said Tom Angell, Principal-in-Charge of the Rothstein Kass Private Equity Practice.

Financial statement templates featured in “Private Equity Fund, L.P, Proforma – Financial Statements” encompass the statement of financial condition, statement of financial operations, statement of changes in partners’ capital, statement of cash flows and condensed schedule of investments. Notes to financial statements include guidance on the nature of operations and summary of significant accounting policies, fair value accounting measurement techniques and inputs for a broad spectrum of asset classes, management fees, risk factors, and financial highlights.

“Enhanced guidance regarding the valuation of portfolio assets has benefited the private equity sector by helping to restore investor confidence shaken during the crisis. This added transparency has, however, increased the compliance burden for many funds even as capital market improvements and a steadier economy have generated a growing number of potentially viable investment opportunities,” said Andrea Kalliaras, a Principal in the Rothstein Kass Private Equity Practice. “Our private equity proforma guide is designed to provide a framework for more homogeneous reporting to allow managers to retain focus on the business of generating returns for their investors.”

About Rothstein Kass:

Rothstein Kass is a premier professional services firm that has served privately held and publicly traded companies, as well as high-net-worth individuals and families, for more than 50 years. As trusted advisors to our clients, Rothstein Kass provides accounting, auditing and tax services, as well as a full array of integrated services, to clients across industry spectrums and in all stages of organizational development. At the core of Rothstein Kass’ remarkable success lies our commitment to hiring, developing and retaining employees that represent an entrepreneurial spirit mirroring that of the sophisticated business and financial services communities that we serve.

The Rothstein Kass Private Equity Practice provides essential and complementary professional services to private equity and venture capital funds and their portfolio companies across industry segments. The professionals of the Private Equity Practice advise clients on all aspects of private equity transaction, including financing and deal origination, as well as on organizational structure, audit processes and the management of operational and tax matters.

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SOURCE Rothstein Kass