A full breakdown of what each tier covers, how they differ, what you receive, and how the team behind it is structured.
Vector already produces the underlying financial data through Fund Administration and Management Company Services. Admin+ builds on top of that foundation with a dedicated Financial Lead who owns budgeting, forecasting, financial interpretation, and day-to-day coordination across your firm.
Admin+ comes in two tiers. Essential gives you structured operational finance coverage on a defined cadence. Partner adds forward-looking analysis, scenario modeling, and senior advisory support for complex strategic questions. Both tiers use the same team and infrastructure.
This page breaks down both so you can decide.
| Work type | Handled by | Notes |
|---|---|---|
| Fund accounting and investor reporting | Fund Administration | NAV, capital accounts, K-1s, waterfall, LP portal via Valence |
| Management company bookkeeping | ManCo Services | General ledger, payables, payroll coordination |
| Financial planning and operational finance leadership | Admin+ | Budgeting, forecasting, financial review, coordination, and strategic advisory |
| Scenario modeling and complex strategic finance | Admin+ Partner only | Hiring models, fundraising scenarios, carry planning, firm-level financial planning |
| Investment decisions and portfolio management | Not covered | Admin+ does not provide investment advice or portfolio management services |
Both tiers include a dedicated Financial Lead and operational execution support. The difference is in cadence, depth of analysis, and access to senior advisory for complex strategic questions.
Structured operational finance coverage. Review, coordination, and visibility on a defined quarterly and monthly cadence.
Everything in Essential, plus forward-looking analysis, scenario modeling, and senior advisory for complex strategic decisions.
Structured operational finance coverage. Review, coordination, and visibility on a defined cadence.
Everything in Essential, plus forward-looking analysis, scenario modeling, and senior advisory for complex strategic decisions.
Admin+ runs on a structured set of templates and reporting outputs delivered on a defined cadence. These are the primary items your team receives.
Monthly consolidated view of firm finances. Includes financial snapshot, budget vs. actual, 13-week cash flow, KPI dashboard, and revenue and fee tracker. Essential tier focuses on reporting and variance explanation. Partner tier adds forward-looking insights and decision framing.
Annual budget by category against monthly actuals, with variance classification (timing, true, or error), YTD totals, and commentary. Essential tier tracks and explains variance. Partner tier adds implications and recommendations.
Weekly inflows and outflows by entity, starting and ending cash balances, minimum cash thresholds, and scenario cases. Essential provides visibility into cash timing. Partner adds active cash management and scenario toggling.
AUM, committed and deployed capital, deployment pace, management fee coverage ratio, operating burn multiple, and runway. Essential tier reports KPIs. Partner tier adds trend analysis and strategic implications over time.
Standardized KPI outputs from portfolio companies with period-over-period comparisons and supporting commentary. Essential tier covers data collection and reporting. Partner tier adds trend interpretation and insights.
Includes monthly close checklist, wire log, approved vendor master, money movement checklist, and LP reporting checklist. Ensures all financial workflows are complete, documented, and audit-ready on a consistent cadence.
Base case and downside scenarios covering hiring impacts, management fee changes, capital timing, and resulting runway and liquidity outcomes. Built and maintained by the senior advisory partner.
Current team, planned hires, compensation including carry where applicable, hiring timeline, cost impact, and runway sensitivity analysis. Helps GPs make hiring decisions with full visibility into the financial implications.
Financial summary, KPI highlights, portfolio updates, key risks, capital activity, and forward-looking commentary formatted for LP communications. Owned and delivered by the Financial Lead with senior advisory input.
Every engagement is structured across three roles with clear ownership at each layer, so nothing falls through the cracks.
A senior fund controller who owns your relationship end to end. Present in every meeting, across both tiers.
Vector's ops team handles the repeating, structured work directed by your Financial Lead. Present in both tiers.
Available through Admin+ Partner for complex strategic questions that require senior financial expertise.
Admin+ Partner includes access to a senior financial advisor for complex strategic questions. This is not a junior resource or a generalist. It is an experienced finance professional who works on the most forward-looking, analytically intensive aspects of your firm's financial picture.
The senior advisory layer handles work that requires a different skill set than operational finance: scenario modeling, fundraising financial planning, carry structure analysis, and firm-level planning across overlapping fund lifecycles.
Talk to the team about Partner
Whether Admin+ Essential or Partner is the right fit, we will walk through your firm's situation and help you figure out what makes sense.
Vector AIS provides fund administration services to alternative investment firms, including reporting, workflows, tax and audit coordination, and investor onboarding solutions.
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