Connecticut Based Start U Up, LLC Announces New Product Offering & Joint Venture

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START U UP in partnership with ISIS Fund Services (ISIS) is pleased to announce its latest service offering - Total Back Office Solution (TBOS).

Jeffrey Glick, Founder and President of START U UP says “TBOS was created to help start-up and emerging managers (Hedge and Private Equity) who struggle to keep up with investors' demand for more rigorous internal controls in the effort to mitigate operational risk. Limiting operational risk has become more important in the post-Madoff environment. During investor due diligence, questions are raised about the review process for the monthly/quarterly/annual reports.”

Glick further comments, “Managers with a small staff may not have the time, software, nor the expertise to properly review the administrator’s reports in detail.”

START U UP’s TBOS services will include an independent calculation of a fund's NAV, prepare and/or reconcile investor statements and reconcile to the fund's administrator. TBOS will add incremental “Best Practices” step to a managers monthly review.

Kristin Steele, Head of Marketing and Business Development for ISIS, adds that “ISIS will be able to provide a fund manager with an extra layer of internal control at an affordable price, therefore eliminating the need to hire fund accounting staff and purchasing expensive portfolio accounting software. Using leading industry portfolio accounting software, ISIS is able to download trades and market prices simultaneously with the administrator. A reconciliation report will be prepared and presented to fund management at the end of each reporting period.”

In addition, TBOS will calculate and reconcile private equity fund waterfall calculations, limited partner capital/unfunded commitment balances, as well as key metrics.

Glick and Steele agree that the more robust internal controls will be critical in helping our clients differentiate from other fund managers in the ever increasing competitive landscape of fundraising.


Start U UP, LLC is based in Darien, CT. More information is available at and at (203) 253-5754. Started originally in 2004, it provides out-sourced CFO.COO and compliance services to the alternative investment management industry.

Contact: Jeffrey Glick at JMG(at)startuup(dot)net or at 203.253.5754


ISIS Fund Services is a recognized fund administrator providing administrative and operational support to investment managers. The Company is headquartered in Hamilton, Bermuda and has offices in Charlotte, NC and the Cayman Islands. For further information on ISIS, please visit our website –

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Jeffrey Glick
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