Chat with Tanner McDaniel, Director at Cornerstone Fund Services
Joel Palathinkal and Tanner McDaniel discuss Tanner's career and the mission behind Cornerstone Fund Services, highlighting its role in fund administration and support. They explore key performance metrics, LP preferences, and trends in fund administration, including international investment considerations. Tanner shares insights on customer service and custom solutions, comparing Cornerstone to competitors in terms of fee structures. The conversation covers emerging manager pathways, fund versus SPV management, handling K-1s, tax events, and special considerations for SPACs. They also delve into secondaries, fund life extension, and LPAC selection, wrapping up with a Q&A session.
Tanner is a Director at Cornerstone Fund Services, overseeing all client engagement, business development, and strategic partnerships for the company. As one of the initial employees at the firm, his experience includes fund formation and administration, US GAAP financial statement preparation and review, limited and general partner reporting, management company accounting, and fund treasury management, including operating budgets and cash forecasts.
Outside of venture capital, Tanner enjoys the great outdoors, serving his community, and planning the next family adventure.
Tanner holds a Masters of Business Administration from Adams State University and a Bachelor of Science in Sociology from Brigham Young University-Idaho.
Music credits: Clouds by MBB | https://soundcloud.com/mbbofficial, Music promoted by https://www.free-stock-music.com, Creative Commons Attribution-ShareAlike 3.0 Unported, https://creativecommons.org/licenses/by-sa/3.0/deed.en\_US
IMPORTANT NOTICE: This web series and podcast is intended for informational purposes only. The views expressed are not, and should not be construed as investment advice or recommendations. Recipients of this should do their own due diligence, taking into account their specific financial circumstances, investment objectives, and risk tolerance (which are not considered in this web series and podcast) before investing. None of this information communication is an offer, nor the solicitation of an offer, to buy or sell any of the assets mentioned herein.
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Transcript
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