Company: Leading UK-Based Private Credit Investment Firm
Location: United Kingdom
Financial Services Sector: Private Credit
Background
Meeting Rising Regulatory and Investor Expectations
A leading UK-based private credit investment firm, authorised and regulated by the FCA, faced growing pressure to enhance investor- and fund-level performance reporting. Increasing regulatory expectations and investor demands for transparency and operational rigor highlighted limitations in the firm’s existing systems and administrators, which lacked flexibility for complex, customised performance calculations. The firm needed a scalable, robust solution to ensure consistency, accuracy, and compliance with FCA requirements and industry standards.
Challenge
Complexity and Compliance Under Pressure
The firm’s challenges included:
- Managing intricate investor-level performance calculations across multiple funds.
- Aligning reporting with FCA requirements and industry best practices.
- Overcoming system limitations and resource constraints without sacrificing accuracy or timeliness.
Solution
Gap Assessment and Managed Performance Services
ACA partnered with the firm to deliver a comprehensive solution:
- Gap assessment: Conducted a detailed review of performance calculation policies, methodologies, and disclosures. This included stakeholder interviews and sample testing of historical track records to identify gaps and opportunities for best practice enhancements.
- Managed Performance Services: ACA was retained on an ongoing basis to perform quarterly investor- and fund-level performance calculations (internal rate of return, total value to paid-in, distributed to paid-in, public market equivalent, etc.). ACA also provides ongoing consulting, policy updates, and on-site support as needed.
Results
Driving Accuracy, Compliance, and Efficiency
The engagement delivered measurable benefits:
- Improved accuracy and consistency: Investor-level performance calculations were standardized across funds, enhancing reliability and data integrity.
- Enhanced compliance: Reporting aligned with the SEC Marketing Rule, the Institutional Limited Partners Association, and industry best practices, strengthening the firm’s regulatory posture.
- Operational efficiency: Internal teams were freed to focus on strategic initiatives while ACA consistently met tight reporting deadlines.
- Cost-effective scalability: Delivered a flexible, outsourced solution that supported fund growth at a lower cost than hiring internal resources.
Conclusion
Building Confidence Through Precision and Partnership
By partnering with ACA, the firm achieved accurate, regulator-ready performance reporting that meets investor expectations and supports strategic growth.
Your Trusted Partner
ACA’s Investment Performance Team enables investment firms to scale with confidence. Whether you need investor-level calculations, composite reporting, or regulatory alignment, our experts deliver precision, structure, and assurance.
Let’s talk about how ACA can support your performance reporting needs.