WHAT WE DO...
We provide outsourced SEC & CFTC Regulatory Compliance
Program Design, Implementation, and Ongoing Management,
Financial Controls Monitoring, Back Office Operational
Support,
and
selective
Accounting
services
to
Hedge
Funds, Private Equity Firms, RIAs, RICs, CPOs, CTAs,
Fund of Funds, and Family Offices across the entire
spectrum
of
structures,
strategies,
and
asset
classes.
WHO WE ARE...
Headquartered in Dallas, with satellite offices in New York,
Chicago, and San Francisco; Blue River is predominantly
comprised of experienced partner-level Attorneys and CPAs
who have joined us from their prior roles as CCOs, CFOs,
COOs,
and
General
Counsel
at
numerous
large
and
complex alternative and traditional investment entities.
WHY BLUE RIVER...
Blue River clients are able to leverage our highly-customized
and institutional-quality services to markedly reduce costs,
increase operational efficiency, and further mitigate risk
because they have direct access to the collective knowledge of
our entire team of professionals who perform these services for
numerous clients across the nation on a daily basis.
214.736.7176
www.blueriverpartnersllc.com
Outsourced Compliance and Operational Infrastructure for Investment Management Firms
1
TESTIMONIALS
“Blue River’s experience launching an SEC registered investment advisor and hedge fund has been invaluable to us at
Fundamental Global. Blue River’s expertise in operations, compliance, finance and accounting is truly world-class and of
the highest institutional quality. We would recommend Blue River to anyone looking to set-up a hedge fund in the most
intelligent way possible. We believe that Blue River’s business model is the future of hedge fund operations and compliance.”
- Kyle Cerminara, Co-Founder of Fundamental Global Investors, LLC
“I highly recommend Blue River’s services to any early stage fund. They were instrumental in helping launch our fund and
they remain an invaluable resource as we grow, providing compliance and operational capabilities of the highest quality.”
- Christopher Laporte – East Canyon Capital
“We’ve been extremely pleased with our relationship with Blue River. It’s been a cost effective way of outsourcing our needs
and still getting a very high level of professional expertise in the hedge fund space.”
- Jim Leatherberry, CEO – Santa Fe Partners LLC
“Blue River Partners has been instrumental to my fund launch and has become an integral part of my management team. I
can’t speak highly enough of their service quality and responsiveness.”
- Jonathan Barlow, CFA – Eaglewood Capital
“Blue River is a valuable partner that has surpassed my expectations of service and value. The startup services are
outstanding, but the real value has been is in the day-to-day operations support and the quality of advice that comes from
their deep and varied industry experience. I firmly believe Blue River enables a superior operating environment where
managers have the time and focus to deliver their best results, and investors have the comfort of a strong compliance and
operations platform.”
- Bret Stanley, Founder & Managing Partner – Stanley Capital
“Blue River has been a great extension of the RoundRock team. They have proven themselves to be an invaluable partner as
they allow us to focus on what’s most important – managing our clients’ assets.”
- Wade Suki, Executive Director – RoundRock Capital Partners
214.736.7176
www.blueriverpartnersllc.com
Outsourced Compliance and Operational Infrastructure for Investment Management Firms
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OUR EXPERIENCE
Investment Vehicles Experience
• Hedge Funds (Domestic and Foreign)
• Master/Feeder & Mini-Master Fund Structures
• Fund of Funds & Fund of Separate Accounts
• Private Equity, Venture Capital Funds & Commodity Pools
• Insurance Dedicated Funds & Hybrid Vehicles
• Publicly & Privately Offered Closed-End Funds
• Open-End Mutual Funds
• Real Estate Investment Trusts (REITs)
• Collateralized Debt/Loan Obligation Issuers (CDOs, CLOs)
Financial Services Companies Experience
• Registered Investment Advisers (SEC & State)
• CFTC/NFA Registered CTAs and CPOs
• Registered Broker-Dealers
• Insurance Companies
• State Chartered Commercial Banks
Investment Strategies Experience
• Public & Private Equities
• ETFs, ETNs and Investible Indices
• Private Investments in Public Equity (PIPEs)
• Publicly Offered Master Limited Partnerships (MLPs)
• Corporate, High Yield and Convertible Bonds
• Options, Futures, Physical Commodities & Other Derivatives
• SWAPs – Total Return, Credit Default, OTC
• Bank Debt and Senior Secured Loans
• Credit Facilities and Financing Arrangements
• Merger & Convertible Arbitrage
• Collateralized Debt/Loan (CDO/CLO) Note Obligations
• Energy, Real Estate and Natural Resources
214.736.7176
www.blueriverpartnersllc.com
Outsourced Compliance and Operational Infrastructure for Investment Management Firms
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START-UP/NEW LAUNCH SERVICES
• Structuring and implementing new products, including Hedge Funds (Domestic and Offshore), Private
Equity Funds, Venture Capital Funds, Commodity Pools, Real Estate Funds, Registered Investment
Companies, Business Development Companies, Insurance Dedicated Funds, CLOs/CDOs, and Exchange
Traded Notes
• Drafting and filing investment advisor formation and registration – SEC/State/CFTC/NFA
• Drafting comprehensive compliance manuals tailored to specific strategies and structures
• Designing and implementing quarterly compliance testing regime
• Collaborating with client's counsel to draft:
o Fund offering materials
o Fund operating agreements
o Investment management agreements
o Offshore fund registrations
• Establishing banking and brokerage accounts
• Establishing and negotiating swap arrangements (ISDAs)
• Managing name reservations and trademark registrations
• Filing SEC Form D and Blue Sky documents
• Recommending communications and marketing disclaimers
• Evaluating, negotiating and managing third-party service provider agreements (i.e. Law Firms, Fiduciary
Service Providers, Administrators, Auditors, Prime Brokers, Custodians, Trading Counter-parties,
Payroll Services, Employee Benefit Plans, etc.)
• Advising on corporate governance “Best Practices” (i.e. Composition of Board of Directors)
PROJECT BASED SERVICES
• Drafting and filing investment advisor registrations - SEC/State/CFTC/NFA
• Drafting and filing required regulatory filings - Form ADV, 13F, SLT, etc.
• Comprehensive Form PF, CPO-PQR & CTA-PR project management and risk assessments
• Comprehensive compliance program build-out and/or existing program reviews
o Drafting and reviewing policies and procedures manuals
o Conducting Gap & Risk Assessments
o Compliance related employee training
• Conducting operational audits – financial controls assessments, expense budgeting, etc.
• Conducting mock examinations
• Assisting with advisor and fund due diligence reviews
• Providing regulatory examination support
• Managing fund dissolutions
214.736.7176
www.blueriverpartnersllc.com
Outsourced Compliance and Operational Infrastructure for Investment Management Firms
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ONGOING COMPLIANCE SERVICES
• Providing daily use of Blue River resources for legal and regulatory compliance issues and inquiries,
including structuring advice
• Comprehensive administration of ongoing compliance procedures such as:
o Employee personal trade clearing
o Coordination of annual employee certifications and reports related to Code of Ethics
o “Pay to Play” compliance and contribution clearing
o Review of marketing material, performance reports, and investor letters
o Distribution and monitoring of regulatory investor communications
o Annual and periodic updates to adviser registration materials
o Managing non-public information and restricted lists
o Monitoring of portfolio position limits and ownership thresholds
o Managing ongoing securities filings related to portfolio holdings
o Managing ongoing adviser and fund regulatory filings
o Monitoring restricted periods and coordinating disposition of restricted physical securities
o Maintaining proxy records
o Managing best execution reviews
o Managing "Soft Dollar" budgeting and administration
o Maintaining crucial information logs relating to policy breaches, investor complaints and regulatory
inquires
o Maintaining disaster recovery and business continuity planning and testing
o Managing employee email surveillance
o Maintaining requested record keeping
• Conducting quarterly forensic testing of the entire compliance program
• Quarterly compliance program updates for regulatory and firm structural changes
• Performing required annual written compliance reviews
• Providing ongoing employee compliance training
• Reviewing and negotiating solicitation arrangements
• Reviewing subscription documents
• Maintaining ongoing "Blue Sky" filings
• Assisting with lead advisor’s responses to regulatory inquiries and examinations
• Assisting with investor due diligence inquiries
214.736.7176
www.blueriverpartnersllc.com
Outsourced Compliance and Operational Infrastructure for Investment Management Firms
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ONGOING OPERATIONAL OVERSIGHT & FINANCIAL CONTROLS SERVICES
• Providing daily use of Blue River resources for operational issues and inquiries
• Reviewing (Hedge Fund) or preparing (Private Equity) monthly financial packages to ensure accurate
NAV, performance and investor capital statements
• Managing annual audits
• Drafting and/or reviewing financial statements
• Distributing required reporting to counter-party credit departments
• Reviewing and filing management company tax returns
• Monitoring cash management and controls
• Calculating fees and managing billings
• Reconciling cash positions and P&L
• Establishing and maintaining trading, custody and financing relationships
• Managing third party valuation firms for "Hard-to-Value" securities
• Assisting with lead advisor responses to due diligence requests related to operations
• Attending meetings with potential investors
• Responding to investor inquiries and requests
• Facilitating investor introductions when appropriate
214.736.7176
www.blueriverpartnersllc.com
Outsourced Compliance and Operational Infrastructure for Investment Management Firms
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CONTACTS
CHIEF EXECUTIVE OFFICER
GENERAL COUNSEL
Mark Fordyce, CPA
Michael Minces, JD
214.736.7172
214.736.7176
[email protected]
[email protected]
OUR OFFICES
DALLAS-HEADQUARTERS
CHICAGO
1909 Woodall Rodgers
1 South Dearborn Center
Suite 560
Suite 2100
Dallas, TX 75201
Chicago, IL 60603
Main Phone: 214.736.7176
Main Phone: 312.448.6245
NEW YORK
SAN FRANCISCO
250 Park Avenue
425 Market Street
7th Floor
Suite 2200
New York, NY 10177
San Francisco, CA 94105
Main Phone: 212.796.6183
Main Phone: 415.906.6060
214.736.7176
www.blueriverpartnersllc.com
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