FAIR by Colmore

Private equity

meet validated fees
Your challenge

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.

Our solution

FAIR helps track, validate, and benchmark fees in a simpler, more cost-effective way, so you gain greater confidence in your underlying fund charges.

How we do it

Fee tracking

On-going service

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 Intelligence

One-time report

Receive a committee ready report which demonstrates how aligned a prospective fund is to market. Book a consultation

Expedite investment process

Transparency on fees and terms. Gain confidence at speed

Comparative analysis

We benchmark fees and terms against a selected peer group and provide easy to understand comparative data, so you know where your fees and terms sit in the market

ILPA complicance

Colmore’s in-house lawyers determine if a fund’s terms comply with standards and best practices for LPAs set by the Institutional Limited Partners Association

Cost projection

We provide you with cost projections based on LPA terms for management fees, carry and expenses over a fund’s life

FAIR Term Intelligence
Recurring service
One-time report
One week turnaround
Easy-to-understand reporting
Light-touch and non-intrusive
Benchmarked against the market
Colmore handles the conversation with GPs about discrepancies
We’ve got you covered

Colmore is the world leader in these services, supporting some of the largest Limited Partners globally.

Try it out

4 Little letters that
bring clarity to your
private asset fees

Calculate fees

We estimate you’re paying at least $X in annual fees. Receive independent validation for as little as X% of these fees.

Show me how