Land O' Lakes Financial Solutions, LLC
FRACTIONAL CFO FOR PE, HEDGE FUNDS & PRIVATE CREDIT
Institutional CFO infrastructure for emerging fund managers.
Specialized advisory for emerging alternative investment managers ($10M to $150M AUM). We handle complex distribution waterfalls, shadow NAV sign-offs, treasury strategy, and audit-ready data rooms that keep administrator and auditor workflows on schedule.
Core Advisory Services
Waterfalls & Shadow NAV Oversight
European & American waterfall modeling, hurdle/catch-up calculations, GP carry/clawback tracking, and hedge fund monthly NAV sign-offs with incentive fee verification.
Audit Readiness & Fund Admin Oversight
Streamlining LP audits with regional and national accounting firms, cleaning operational data, and enforcing fund administrator deliverables.
Liquidity, Treasury & Facility Strategy
Subscription line management, borrowing base compliance, covenant tracking, and hedge fund cash management and redemption liquidity.
LP Reporting & ODD Support
Preparing institutional LP reporting packages, pitch deck financial architecture, high-water mark tracking, and navigating LP Operational Due Diligence (ODD) reviews.
Founder
John Smallstey, CPA
A 20-year institutional CPA and the owner of Land O' Lakes Financial Solutions. John advises emerging PE, Hedge Fund, and Private Credit managers on the financial architecture that institutional LPs and auditors expect—without the overhead of a full-time CFO.
Current Engagement
Currently advising a mortgage and credit fund through a distribution administrator transition and audit readiness cycle — coordinating fund administrator migration, NAV valuation review, and external audit support.