Private equity fees are complicated. This complexity limits their clarity. While GPs deliver great reporting, we know that due to your fiduciary duties to your stakeholders and increasing legislative and regulatory pressure, you’d like the option of third-party fee validation. A full forensic audit can often run away with money and is a one-off exercise. There is another way.
FAIR helps track, validate, and benchmark fees in a simpler, more cost-effective way, so you gain greater confidence in your underlying fund charges.
On a quarterly basis, we track your management fees, carried interest and expenses
We work off existing GP documentation and industry fee templates, providing a non-intrusive tracking service
We deliver easy to understand reporting on individual funds and your cumulative portfolio. Need a custom output? Don’t worry, we probably already have it covered.
We review every LPA and Side Letter to understand your unique terms, and model expected vs. actual fees, and we investigate/resolve any variances
Discrepancy?! Don’t worry. As a former LP, we can manage the delicate conversation with GPs to ensure that we have all the required data inputs
Term Alignment Benchmarking
Receive a committee ready report which demonstrates how aligned a prospective fund is to market. Ready in as little as a week
EXPEDITE DUE DILIGENCE
Demonstrate robust fee & term diligence through our committee ready reporting. Gain confidence at speed
We provide easy to understand comparative data, so you know exactly where your fees and terms sit in the market
We give you the information you need to empower your GP negotiations: bring empirical data to the table to support your position
Our report allows you to easily understand the alignment of terms, and if they favor you or the GP
Colmore is the world leader in these services, supporting some of the largest Limited Partners globally.