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Hybrid Fund Solutions

Established funds facing operational complexities or funds going thru a transformative period of combining structures and/or adding funds turn to HBMJ time and again to manage their dynamic change and simplify their day-to-day.

HBMJ'S CLIENTS GAIN​

Hybrid funds, by combining the complex characteristics of both closed- and open-ended structures across businesses, are challenged with increased complexities and require a different set of operational standards. With hurdles related to reporting, complex asset processing, and transparency, a one size fits all approach in addressing these complexities does not work, as hybrid strategies require a high level of customization.

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Faced with these greater demands and a need to mitigate the operational risks, alternative asset managers require new operating models which involve the entire infrastructure – people, processes, technology, data, and organizational redesign.

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HBMJ BRIDGES THE GAP

With a 17+ year track record of success in hedge and private equity accounting and operations, a focus on complex engagements, a distinct practice in credit, expertise in operational model assessment and roadmap planning - we bridge the gap of where you are to where you need to be.  

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Best-practice asset modeling

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Increased accuracy and efficiency of reconciliations

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Operational readiness

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Automated and standardized processes​

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Accurate and consistent data to support reporting requirements​

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Streamlined workflow among multiple systems​

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Support for simultaneous, complex initiatives

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Increased preparation for more capital / Primed for added assets and fund structures

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Improved relationship with investors

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HBMJ'S HYBRID SERVICES

OPERATIONS​

  • Implementation and standardization of operational procedures to handles complex asset processing, consolidated risk, reporting and analytics 

  • Data scrubbing and normalization for assistance with reporting, and regulatory prep

  • Build out of an integrated operating model to support various investment strategies / investor allocations

  • Operational model assessment and roadmap planning

  • Automated solutions to streamline / optimize workflow

  • Best-practice policies and controls for operational and investor due diligence

  • Change management, procedure documentation

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REPORTING​​

  • Streamlined reporting between GP’s and LPs

  • Enhanced reporting capabilities to internal teams

  • Enhanced investor reporting to aid investor due diligence process

  • Support for reporting on Illiquid investments, such as distressed debt, collateralized loan obligations, bank debt 

  • Customized reporting- cross-asset measures, ROR, and IRR 

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ACCOUNTING

  • Complex model / allocations / new asset processing requirements:

    • Support for capital call, notional balances tracking, close processing, waterfall calculations, opt-in / opt-out capabilities, IRR calcs

    • Allocation funding, entities / participation

    • Illiquid strategies / credit instruments with variances in valuation, custody, liquidity, settlement

    • Distressed debt, collateralized loan obligations, bank debt 

  • Support the ability to independently calculate NAV

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TECHNOLOGY​​

  • Portfolio accounting / Partnership accounting implementations

  • System solution evaluation

  • Comprehensive workflow redesign

  • Automated solutions to support workflow optimization

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STAFF AUGMENTATION

  • Seasoned and trained operations and accounting personnel

  • Subject matter experts as needed

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