Private Funds

SPECIAL ANNOUNCEMENT

BBD's Investment Management Group To Be Acquired By Cohen & Company

We are pleased to announce the exciting news that our firm’s Investment Management Group will be acquired by Cohen & Company. 

Learn More

Whether you are an emerging manager launching your first fund or an established manager considering new audit and tax resources, count on BBD to be your collaborative partner.

BBD offers a complete suite of solutions for the investment management industry’s accounting, audit and tax needs, including for private funds. We’ve worked with investment companies of virtually all investment strategies and translate that deep expertise into a customized, valuable audit and tax experience for our private fund clients.

Looking for a resource for an offshore fund? BBD provides audit and tax services for offshore funds domiciled in the Cayman Islands through our affiliate, BBD Cayman.

BBD's Investment Management Group provides audit and tax services for the following types of private funds:

  • Investment partnerships
  • Hedge funds
  • Cayman-domiciled funds (through our affiliate BBD Cayman)
  • Private equity funds
  • Venture capital funds
  • Funds of funds
  • Master feeder funds

Are you an emerging manager? BBD can help.

Reach out. We'd love to speak with you!

Contact BBD

FEATURED RESOURCE

Hedge Fund Start-Ups: GAAP Departure Out of the Gate

Hedge funds can incur start-up costs called organization and offering costs. Oftentimes, the treatment of these costs for Generally Accepted Accounting Principles in the United States (GAAP) purposes can cause headaches during the audit process. The key to avoiding this particular headache is understanding the issue and then coordinating with your auditor on a plan of action during the organization of the fund.

Read More

FEATURED RESOURCE

BBD's Industry Insights Video Series Episode 3: What Private Fund Managers Need to Know About the '40 Act

BBD's Industry Insights video series offers our clients and industry friends a brief look into important and timely developments in the investment management industry.

In Episode 3 of the series, Rich Wagner, partner with BBD, LLP, and Maureen Quill, Executive Director of Registered Funds for UMB Fund Services, discuss how private fund managers can best succeed in the highly regulated '40 Act Environment.

Read More

Public Company Accounting Oversight Board (PCAOB)

Auditors of public registrants, including investment companies, are subject to regular inspection by the PCAOB. Information about the results of an audit firm’s PCAOB inspections serves as a direct indication of the quality of a firm’s audits and should be evaluated when considering an audit firm. Inspection reports can help inform you about how an auditor performs on specific audits and in high-risk areas across audits.

In the history of the PCAOB’s inspections of BBD, no audit deficiencies have been identified. We are very proud of this accomplishment and our commitment to the quality of our work, particularly because the great majority of our competitors, including those outside the Big Four, do not share this same distinction.

It’s also very important to note that because our public company clients include only those in the investment management industry, each audit reviewed as part of the PCAOB’s inspection process applies to investment company accounting. This increased scrutiny gives our clients further comfort with our control environment and audit process.

The PCAOB completes inspections of our Firm every three years. Our most recent inspection was completed in the Fall of 2020. Our most recent available inspection report, dated February 28, 2022, can be found here.

View Our Latest Inspection Report

MEASURING THE VALUE OF THE BBD EXPERIENCE

What Our Clients Are Saying

The BBD client experience is not just a promise in a proposal.

At BBD, we survey our clients regularly.  Monitoring and measuring the value of the BBD client experience on a consistent basis helps us to make improvements that have immediate impact.

The results of our surveys confirm that our clients value collaboration and partnership as much as we do, and that we are delivering on our commitment.

Learn More

Setting the PACE
For the Client Experience

Our values drive everything we do at BBD and differentiate us in the commoditized world of audit and tax services.  BBD's professionals are passionate about the distinct industries we serve; authentic in our relationships and communication with our clients; and collaborative in navigating our clients' challenges.  Our commitment to living these BBD core values enables us to deliver an exceptional client experience. We're setting the PACE for client experience quality.