Investment management Private equity funds
Deloitte’s offerings for private equity complexes
Our team can provide advice and recommendations regarding your efforts in the following areas:
How to use this document:
Learn more
Reset
Contact us
Back to top
-
Fundraising
-
Fund launch
-
Investment period
-
Management and operations
-
Investment exit
-
Fund liquidation
Throughout the life cycle of a private equity fund, investment advisers and portfolio companies may face important accounting and financial reporting changes driven by updated financial accounting standards, a complex global economic environment, new regulatory requirements, and evolving societal expectations.
Deloitte’s accounting and reporting advisory services may provide information to assist you in navigating this increasingly complex environment, including advice and recommendations to management as it relates to the potential service offerings described herein.
With Deloitte, you can get in-depth knowledge of accounting and reporting requirements, along with industry-focused leading practices, experienced professionals, and award-winning innovations to help you address these challenges.
-
- Sustainability and KPI services
-
- Defining investment strategy and impact objectives, including establishing sustainability as part of the corporate strategy
- Screening investment opportunities against impact objectives and defining theory(ies) of change
- Analyzing relevant impact measures in collaboration with investees
- Providing climate risk analysis
-
- Sustainability and KPI services
- Tax structuring and advisory services
- Accounting and reporting advisory
-
- Establishing data-gathering systems, processes, and controls
- Establishing benchmarks, goals, and procedures for measuring, monitoring, and reporting environmental and social performance
- Collecting and analyzing impact data
- Providing analysis of environmental, health and safety (EHS) processes and procedures for improved EHS data collection
-
- Structuring acquisition or restructuring transactions in a tax-efficient manner
- Reviewing tax integration and Day One readiness issues
-
- Documenting terms of side letters with investors
- Establishing control documentation and policies of oversight of third-party administrators (as applicable)
- Developing accounting policies for the fair value of investments
-
- Sustainability and KPI services
- Tax structuring
- Accounting and reporting services
- Acquisition and divestiture service
- SPAC financial reporting services
- Governance, risk and controls
-
- Evaluating investees for environmental, social, and governance (ESG) related risks
- Providing ESG analysis on acquisitions and targets
-
- Performing tax-focused due diligence services on target entities
-
- Providing interpretations or performing impact assessments of new or existing accounting standards to proposed transaction structures (debt, equity, financial instruments, securitizations, structured finance, leasing, revenue, stock compensation, etc.)
- Structuring transactions aligned with accounting or financial reporting objectives
- Understanding financial reporting implications of M&A and other complex transactions
- Providing advice on fresh-start accounting and other planned reorganization and restructuring activities
- Reconciling accounting principles across differing frameworks
-
- Providing purchase accounting guidance
- Accounting and reporting for acquired portfolio companies resulting from transactions (i.e., carve-out or pro forma financial statements, goodwill, equity compensation arrangements, step-up basis, debt refinancing or modifications)
- Providing merger or acquisition due diligence services
-
- Providing SPAC financial reporting services, including preparing registration statements, comfort letters, and consent letters; drafting MD&A and financial statement disclosures; and offering advice regarding financial statement accounting for taxes related to the transaction
-
- Development of portfolio companies’ policies of governance structure, risk, and control frameworks
- Drafting business process narratives and flowcharts
- Providing internal controls integration assessments
-
- Sustainability and KPI services
- Tax compliance and advisory services
- Accounting and reporting services
- Independent financial statement audit
- Controls advisory and implementation
- Audit readiness
- Controllership transformation
- Financial statement remediation and restatement services
- SEC reporting services
-
- Creating sustainability and other KPI disclosure strategy or language
- Providing internal advisory service or external attestation regarding environmental and social information
-
- Using Deloitte’s partnership tax compliance technology platform, which streamlines reporting and addresses the challenges of partnership tax compliance and reporting:
- Managing complicated tax allocations to partners and tiering results through complex organizational structures
- Providing assistance for tax audits and disputes
-
- Understanding new or recent accounting standards and the impact on operations, accounting, and debt agreements/ covenants (as applicable)
- Providing assistance related to research, training, drafting of position papers, or general analysis of complex accounting issues under applicable accounting frameworks
- Performing consolidation analyses and accounting for business combinations
- Providing valuation preparation services (i.e., valuing level 3 privately held investments)
- Supporting the valuation process through the use of technology to provide greater transparency through stress testing, assumption scenarios, and more
- Drafting going concern required financial reporting disclosures within the financial statement and performing related assessments
-
- Providing audit or attestation services for annual or interim reporting requirements, in compliance with US GAAP or other reporting frameworks
-
- Preparing control documentation and recommendations of operational controls that assist with remote financial reporting, virtual close, and other control modernization activities
- Providing postmerger internal control integration services
- Providing internal control implementation services associated with new accounting standard adoption, unusual or nonrecurring transactions, implementation of new ERP or IT systems, and finance transformation changes
- Designing and helping to implement new controls and operations to address monitoring efforts resulting from the benefits of the recent government stimulus packages (i.e., loan repayment or tax credit monitoring) and/or ESG commitments
- Defining the control activities in place to meet control objectives, including potential opportunities for efficiencies and enhancements to business and IT processes (gap analysis)
- Obtaining SSAE 18, Reporting on Controls at a Service Organization attestation service(s) SSAE 18 readiness activities
- Helping with SOX readiness, assisting with related remediations, and performing ongoing SOX testing
- Mapping complementary user entity controls (CUECs) to third-party administrator SSAE 18 report
- Providing ongoing compliance/periodic evaluation of processes and controls
-
- Providing audit readiness gap assessments focused on the company’s current accounting knowledge, staffing, and reporting frameworks
- Interacting with the company’s independent auditor, including analysis of required financial statement disclosures
- Preparing financial statements and related disclosures under US GAAP and IFRS frameworks
-
- Providing cloud ERP system strategy and implementation, including vendor analysis for management’s selection and/or system implementation
- Automating various processes, such as carried interest allocation, partner distribution calculations, and partner allocations
- Performing scenario forecasting to evaluate the impact of hypothetical investment outcomes and generate the required financial statement accounting entries
- Allocating profit and loss based on LPAs and side-letters
- Preparing financial highlights
- Tracking, calculating, and reporting on management fees for funds
-
- Providing accounting research and guidance, forensic services, financial reporting assistance, and internal control assessments, and serving as an adviser for management and the audit committee
- Performing risk assessment, root-cause analysis, benchmarking, project management, process and control improvements, and remediation plans
- Providing dispute negotiation or litigation matters related to accounting or financial reporting
-
- Drafting or reviewing prefiling letters or responses to SEC comment letters
- Performing research and analysis related to non-GAAP measures, metrics, and other specific KPIs
- Reviewing the impact of proposed or new SEC rules and requirements, including assisting with responses to SEC requests for comment, concept releases, and proposed rules for required climate-related and other ESG disclosures
-
- Tax advisory services
- Acquisition and divestiture services
- De-SPAC process financial statement assistance and SEC reporting services
- Independent financial statement audit services
- Initial public offering (IPO) execution services
-
- Preparing portfolio companies for a sell-side process
-
- Bridging carve-out financial statements to “deal basis” financial information and parent company presentation of discontinued operations (as applicable)
- Assisting with sell-side quality of earnings and vendor due diligence
- Providing divestiture due diligence services
-
- Preparing annual and interim financial statements, including quarterization of financial information
- Drafting MD&A and peer company analysis for non-GAAP measures and metrics
- Providing audit and internal control readiness
- Determining historical periods for company’s financial statements
- Implementing public company GAAP, including applicability of new accounting standards
- Responding to SEC comments and drafting SEC waiver requests
- Preparing technical accounting analyses and memos, including PIPE, rights, warrants, and significant business acquisitions
-
- Providing independent audit or attestation services for annual or interim reporting requirements in compliance with US GAAP or other reporting frameworks
-
- Managing the IPO process from the planning stage to execution including but not limited to tax planning and structure assistance, IPO readiness assessments, S-1 preparation assistance, accounting policy development, disclosure drafting, SOX readiness, tax compliance or provision services, valuation services, audit readiness, and internal audit assistance
-
- Going concern assessments
-
- Providing going concern modeling and assessments related to the impact of COVID-19 or other events such as debt modifications or maturities