Private equity-backed energy platform scales outsourced accounting for rapid growth
Baker Tilly enables a multibillion-dollar energy platform to scale fast with industry expertise, integrated teams and digital support.
Client background
An institutional private equity manager launched a new multibillion dollar energy strategy and sought an advisor that could scale quickly, bring deep oil and gas industry accounting as well as fund-level accounting expertise and staff the account with top talent throughout the platform's growth trajectory.
Business challenge
The client required a scalable outsourced accounting solution staffed with high caliber talent and underpinned by strong technology solutions, spanning both oil and gas and fund accounting disciplines. Meeting ambitious growth targets while maintaining high service standards demanded seamless technology integration and operational discipline across multiple investment vehicles—without increasing risk or manual workload.
Strategy and solution
Baker Tilly’s managed services team deployed dedicated outsourced accounting specialists with extensive private equity and energy industry experience in upstream oil and gas assets and fund administration. We complemented the engagement with digital advisory to help implement best in class, cloud-based solutions, which included Sage Intacct and FIS Investran. Through this comprehensive solution, Baker Tilly accentuated scaling the clients' operations, ensured consistent and accurate reporting, provided data insights, and improved internal controls.
Results achieved
Over three years, the engagement has scaled to $8 billion in energy assets across 12 investment vehicles, enabling the client to concentrate on portfolio expansion while extending our relationship into other service lines and investment verticals. Baker Tilly was selected for the inaugural $1.5 billion flagship fund, covering both asset-level and fund-level outsourcing.
Connect with our energy and private equity specialists
If you’re looking to streamline accounting operations or scale an investment platform, our team is here to help. Connect with Baker Tilly to explore solutions that bring industry specialization and modern technology together.
