0001752724-20-135567.txt : 20200713 0001752724-20-135567.hdr.sgml : 20200713 20200713101820 ACCESSION NUMBER: 0001752724-20-135567 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200430 FILED AS OF DATE: 20200713 DATE AS OF CHANGE: 20200713 EFFECTIVENESS DATE: 20200713 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Peachtree Alternative Strategies Fund CENTRAL INDEX KEY: 0001682662 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23184 FILM NUMBER: 201024497 BUSINESS ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 513-587-3400 MAIL ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001682662 XXXXXXXX 811-23184 false false false N-2 Peachtree Alternative Strategies Fund 811-23184 0001682662 549300XE6DTZ2CBOMR61 225 Pictoria Drive Suite 450 Cincinnati 45246 US-OH US 1-800-657-3812 Homrich & Berg, Inc. 3550 Lenox Rd. NE Suite 2700 Atlanta 30326 4042641400 Books and records related to investment advisory services and fund The Huntington National Bank, N.A. 41 S. High Street Columbus 43215 8003224600 Books and records related to Custody services Ultimus Fund Distributors, LLC 225 Pictoria Drive Suite 450 Cincinnati 45246 5135873400 Books and records related to distribution services Ultimus Fund Solutions, LLC 225 Pictoria Drive Suite 450 Cincinnati 45246 5135873400 Books and records related to fund accounting, financial reporting, and transfer agency services N N N N-2 Y Conrad S. Ciccotello N/A N Stephanie Lang N/A Y Catherine Abely N/A N Martin R. Dean 002500364 2 Easton Oval, Suite 300 Columbus 43219 XXXXXX N N N N N N N Ultimus Fund Distributors, LLC 008-52643 000104177 N/A N N Cohen & Company, Ltd. 925 N/A N N N N N N N Peachtree Alternative Strategies Fund 549300XE6DTZ2CBOMR61 N 0 0 0 N/A Y N N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Y N Y N Homrich & Berg, Inc. 801-35646 000108189 549300MQWHMNG3OMZ291 N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N N The Huntington National Bank 2WHM8VNJH63UN14OL754 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File Number N N N Ultimus Fund Solutions, LLC 084-05829 SEC File Number N N N 0.00 0.00 N 210274936.77 Other Institutional Shares Shares of Beneficial Interest N N Other Shares of beneficial interest N N N 0.75000000 0.32 98.60 false false true false false false INTERNAL CONTROL RPT 2 fp0054469_g1aiii.htm

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Trustees of

Cross Shore Discovery Fund

In planning and performing our audit of the financial statements of Cross Shore Discovery Fund (the “Fund”) as of and for the year ended March 31, 2020, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and Trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of March 31, 2020.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ COHEN & COMPANY, LTD.

COHEN & COMPANY, LTD.

Cleveland, Ohio

June 1, 2020