Managing the financials and back office of a venture fund is typically a large time commitment for fund managers who are better equipped to manage fund investments and portfolio companies. Cornerstone is the solution.
Cornerstone Fund Services provides a complete solution at an affordable price; removing a majority of a firms bookkeeping and accounting functions from the general partners. The Cornerstone team will take on the fund administration tasks, leaving the general partners to handle the fund raising and investing functions.
“We looked at quite a few options for our back-office support and are so glad we went with Cornerstone. Everything was set up quickly and the day to day management of launching and now managing a fund has been seamless. It’s like making the perfect hire – you have full confidence everything is taken care of.”
—Lindy Fishburne and Julia Moore, Breakout Ventures
“Cornerstone is a key strategic ally for the SaaStr Funds. We invest at high velocity, in the best founders, with no back office of our own. Cornerstone just makes it happen, effortlessly.”
—Jason Lemkin, The SaaStr Funds
Our team has the appropriate accounting experience to provide your fund with an outsourced CFO. Our management team includes members who have advanced degrees in business and accounting and each brings a high level of professionalism to each engagement.
We provide full service accounting to the general partnerships of each of our clients. We are experienced with carried interest accounting, partner allocations and distributions. We coordinate with your tax accountant to ensure accuracy and appropriate accounting.
We take the pressure off by offering full accounting services for your management company. We can function as your in-house accountant in processing expense reports and payroll, as well as provide financial statement and tax preparation to make your lives easier.
Cornerstone is a fund administration firm providing fund managers with customized outsourced-CFO and back-office administration solutions. Our team works side by side with fund managers to keep the limited partners informed and excited about the performance of their fund in an efficient and professional manner. More About Our Team >