Carolyn Wortman

A successful 20 plus year career in the accounting department of a private equity fund that has invested over $2.6 billion in investments across Asia. Reported directly to the CFO. Responsibilities include:

• Working closely with our third-party fund administrator and internal team for all aspects of fund accounting. To include:
• Review of work paper files for accuracy and completeness, including capital activity, investment activity, income and expense accruals, valuation adjustments etc.
• Review management fee calculations
• Review investor allocations and capital account statements
• Review capital call and distribution calculations, sources/uses of cash, allocations, and investor notices
• Create, maintain, and/or review distribution waterfall (carried interest) models, in keeping with the applicable fund terms
• Prepare and/or review financial statements, notes disclosures, and supporting schedules
• Develop/maintain robust review procedures around deliverables

• Managing fund capital forecasting for Capital Calls and Distributions to investors.
• Working with our tax advisors on tax compliance for fund entities including state and federal K-1s
• Managing the yearly fund audit, including preparation of audited financial statements, footnotes, and managing auditor as necessary.

Prepared tax returns for clients and researched tax issues