Definition
Fund Administration
Back-office services for SPVs — bookkeeping, capital accounts, distributions, and tax filings.
Fund administration is the back-office function that maintains an SPV's books and records: maintaining capital accounts for each LP, processing distributions, computing waterfalls, preparing K-1s and partnership tax returns, and providing audit support. Licensed fund administrators (often regulated as money service businesses or trust companies) serve as the system of record. RocketBook integrates with licensed fund administration partners so SPVs get institutional-grade back office without the sponsor having to source it separately.