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◆ DFSA-regulated · Category 4 Fund Administrator
Fund administration, from NAV to investor.
Complete middle and back-office for funds — accounting, NAV, transfer agency, investor services and regulatory reporting — across multiple jurisdictions, run by a boutique team that treats your fund like its only one.
WHAT WE DO
Regulated and compliant
We specialize in administering diverse fund structures across a wide range of asset classes. Our comprehensive services encompass fund setup, regulatory compliance, operational management, investor services, and financial reporting. Our mission is to streamline fund operations, enabling fund managers to concentrate on strategic growth and value creation.
WHAT MAKES US DIFFERENT
Tailored solutions provider
At Spera, we combine personalized service with cutting-edge technology to deliver seamless fund administration. Our approach is built on a foundation of transparency, responsiveness, and specialized expertise, ensuring that each client receives tailored solutions that align with their unique needs and goals.Reporting and audit demands are outgrowing the internal team.
Strategic fund
administration
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Fund accounting & NAV
Periodic and daily NAV strikes, general ledger, multi-currency bookkeeping, reconciliations, and fee and waterfall calculations — with a four-eye review before anything is published.
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Financial statements & reporting
IFRS, SFRS and US GAAP financial statements, bespoke investor reporting packs, and audit coordination that turns year-end into a non-event.
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Transfer agency & investor services
Subscriptions, redemptions and transfers, a maintained unitholder register, and a permissioned investor portal with real-time statements and documents.
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Investor onboarding · AML / KYC
Investor due diligence, AML and KYC checks, and FATCA and CRS classification and reporting — onboarding handled to an institutional standard.
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Capital calls & distributions
Drawdown and distribution processing, waterfall and carry calculations, and investor notices — accurate, on schedule, fully audit-trailed.
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Regulatory & compliance reporting
Ongoing regulatory filings, DFSA and cross-border reporting, and the local-agent functions a regulated administrator is required to perform.
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THE SPERA ADVANTAGE
Proven expertise to setup, incubate and administer in any jurisdiction globally.
With deep regulatory knowledge and an international network, we help businesses establish, manage, and scale their operations across multiple jurisdictions. Our integrated platform combines corporate services, fund administration, finance, compliance, governance, and strategic advisory—delivering a single partner for global growth.
Operations Partner
From fund formation and onboarding to administration, reporting, compliance, and investor services, Spera supports every stage of your fund's journey.
Institutional Support
We combine institutional-grade fund operations with the responsiveness of a dedicated partner, delivering tailored solutions that evolve with your fund.
Boutique Attention.
Our personalised services with expertise, governance, and operational excellence enable fund managers to create value for investors.
KPI-Driven approach
We measure outcomes. Every engagement is tracked against defined KPIs to ensure transparency, accountability, and continuous improvement.
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HOW A NAV GETS PRODUCED
A controlled cycle, every period.
No black box. Each NAV runs through the same disciplined, audit-trailed cycle — independently reviewed before it reaches an investor.
01
Capture
Trades, cash and corporate actions captured and reconciled to source.
02
Price & value
Independent pricing across asset types and currencies.
03
Calculate
Fees, accruals and the NAV per share class computed.
04
Review & Report
Four-eye quality control and exception checks. NAV and statements released to managers and investors.
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WHO WE ADMINISTER
Built for alternative structures.
From first-time launches to multi-jurisdiction platforms, across the structures the region is actually raising.
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FAQS
Fund administration, explained.
What does a fund administrator actually do?
A fund administrator is the independent provider that runs a fund's middle and back office: striking the NAV, keeping the fund's books, producing financial statements, servicing investors through transfer agency, and supporting regulatory and audit requirements. It gives investors an independent, reliable financial picture of the fund.
Do I need a fund administrator to launch a fund in the DIFC?
For most DIFC fund structures, yes — and for externally managed funds it's effectively required, since the manager must appoint a DFSA-licensed fund administrator as its local agent. Spera acts in that capacity, handling the regulatory, register and reporting functions the structure depends on.
Can a foreign fund manager operate in the DIFC without a DFSA licence?
Yes. An external fund manager from an accepted jurisdiction can establish and manage a domestic DIFC fund without holding its own DFSA licence — provided it appoints a DFSA-licensed fund administrator, like Spera, as its local agent. It's a faster, lighter route into DIFC and the wider Gulf than standing up a regulated entity yourself.
What is NAV and how often is it calculated?
NAV — net asset value — is the per-share value of the fund, struck by taking assets less liabilities across every position and currency. Frequency depends on the structure: we run periodic or daily NAV strikes, each through the same audit-trailed cycle with four-eye review before anything reaches an investor.
What fund types and jurisdictions do you support?
We administer alternative structures — hedge funds, private equity, venture capital, real estate, private credit, digital assets, family office vehicles and qualified-investor funds — across 9+ jurisdictions, delivered as a DFSA-regulated Category 4 administrator.
