Fund Accounting

Fund accounting is a specialized form of accounting that focuses on the unique requirements of investment funds, such as mutual, hedge, and private equity funds. It involves the recording, analyzing, and reporting of financial transactions associated with these funds. 

Accurate fund accounting is essential for several reasons. Firstly, it ensures compliance with legal and regulatory requirements, enabling transparency and accountability. Secondly, it provides investors with a clear understanding of their investments, facilitating informed decision-making. Lastly, it supports the overall financial health and stability of the fund.

Fund Accounting Principles and Best Practices

Thales Capital adheres to the highest fund accounting principles and best practices standards. Our team is well-versed in Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). 

We employ a meticulous approach to ensure accuracy, reliability, and consistency in financial reporting. By employing rigorous internal controls, we safeguard the integrity of your financial data, minimizing the risk of errors and fraud.


The fundamental stage of accounting is record-keeping, which involves keeping track of financial business activities and understanding the true state of assets, liabilities, earnings, and losses, among other things. It also helps to keep costs under control to reduce spending and have crucial information for legal and tax purposes. 

While there isn’t a universally agreed-upon set of record-keeping criteria for all fund types, there must be adequate supporting evidence to show why a particular investor was onboarded and the actions they took.

The formal risk-based assessment, anti-money laundering, counter-terrorist financing, and sanctions compliance procedures must all be documented by fund administrators. Any modifications to these policies must be documented.


The core of investor and regulatory reporting is represented by the statements of financial status. They play a significant role in the decision-making process for investors. These reports give the fund management a strategic overview of the fund’s performance and efficacy, along with suggestions for maintaining or raising quality. 

Tax Implications

Depending on the fund type, different tax implications apply.

  • for equity funds, there is a 15% flat tax rate on capital gains;
  • for debt funds, there is an investor’s slab rate for both short- and long-term capital gains.

Fund accounting services from Thales Capital include proper tax reporting according to the existing laws. We pride ourselves on delivering high-quality fund administration and accounting services for any fund type.

Why us, could be responded by the What sets us apart, namely:

Profound expertise

We combine technical expertise with a deep understanding of our client’s needs. Headquartered in Luxembourg but with a global reach, we are experts in cross-border solutions. Thales Capital team has an average of 20 years of experience gained at international banks and leading investment firms.


Punctuality and discretion are primordial to long-term financial development and investment performance. Thales Capital delivers well-planned, reliable advice and execution you can rely on. and are committed to being at your disposal.

Loyalty to our customers

To ensure that your interests and goals are always pursued efficiently and effectively, we have a lean and agile structure.

Our Partners


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Ivaylo Markov
Managing Partner

2 Place de Strasbourg
L-2562 Luxembourg

Temo Tcheishvili

Startbaan 6, 1185 XR Amstelveen
Greater Amsterdam, The Netherlands

Filippo Mecacci

2 Place de Strasbourg
L-2562 Luxembourg

Roger Berk
Senior Advisor

Startbaan 6, 1185 XR Amstelveen
Greater Amsterdam, The Netherlands


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  • What is fund accounting, and how does it differ from other types of accounting?
  • What are the critical components of fund accounting?
  • How is fund accounting used in investment funds?
  • What are the regulatory requirements for fund accounting?
    • Thales Capital Luxembourg is a licensed, independent advisor specialized in private capital management, fund structuring, governance, investments and capital raising.


      2 Place de Strasbourg L-2562 Luxembourg Luxembourg


      +352 20 33 40 30
      +352 621 624 969
      +352 621 827 628



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