Fee diligence
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.
Fee tracking
On-going service
On a quarterly basis, we track your management fees, carried interest and expenses
Light-touch
We work off existing GP documentation and industry fee templates, providing a non-intrusive tracking service
Reporting
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.
Validation
We review every LPA and Side Letter to understand your unique terms, and model expected vs. actual fees, and we investigate/resolve any variances
Experience
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 | ✔ | |
| Pre-investment | ✔ | |
| Post-investment | ✔ | ✔ |
| One week turnaround | ✔ | |
| Easy-to-understand reporting | ✔ | ✔ |
| Light-touch and non-intrusive | ✔ | ✔ |
| Benchmarked against the market | ✔ | |
| Colmore handles the conversation with GPs about discrepancies | ✔ |
Colmore is the world leader in these services, supporting some of the largest Limited Partners globally.
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4 Little letters that
bring clarity to your
private asset fees
We estimate you’re paying at least $X in annual fees. Receive independent validation for as little as X% of these fees.
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