What specific operational support does Decile Group provide Start Funds?
The Decile Group provides comprehensive operational support to Start Funds, including:
- SaaS platform for complete fund operations
- Fund formation and set up
- Bank account set-up and administration
- Fund administration and accounting
- Fund legal support and basic legal services
- Annual taxes and preparation of K!s
Who handles fund administration for Start Funds?
The Decile Group handles the traditional fund administration for Start Funds, managing the financial and compliance aspects of the fund. This includes handling financial reporting, regulatory compliance, distributions, maintaining records of investments, and distributing fund returns.
How are legal issues handled in Start Funds?
The Decile Group manages the legal matters for the Start Fund with a third party law firm, handling fund formation and ongoing legal matters of the fund. The Investment Lead is responsible for reviewing the terms and agreements of any deal submitted to the investment committee, which may also have a legal review of the investment.
Who handles tax reporting for Start Funds?
The Decile Group handles the annual tax reporting, preparation of K-1s, and distribution of K-1s to limited partners. The Investment Lead collects information for the tax reporting from portfolio companies and reviews the financial statements used to produce the K-1s.
Who handles the regulatory requirements of Start Funds?
The Decile Group handles all regulatory matters for the Start Funds, including Form D, Form ADV, Blue Sky Filings, Delaware registered agent fees, and Delaware franchise taxes, as well as other regulatory matters. Decile Group may occasionally require assistance from the Investment Lead on regulatory matters.
Where do I ask questions about a Start Fund and get operating support?
An Investment Lead can ask the Base AI any question about Start Fund at any time and get a quick and detailed answer. If the answer is insufficient, then the Investment Lead can click “Ask the community” for a more comprehensive answer. For encouragement and support, there is a dedicated community channel of Start Fund peers to share experiences. The Start Fund program has dedicated support to help with private questions accessible through the community channel.