Colmore Launches Private Equity Fee Tracking And Validation Service

Apr 26 2017 | 10:18pm ET

Alternative fund reporting company Colmore has launched a new service that helps private equity investors independently validate fees and incentives charged by underlying managers.

The new service, named FAIR, for Fee Allocation Incentive Reporting service, is in response to a global trend towards fee verification and reporting, the company said in a statement, and comes at a time when limited partners are increasingly focused on verifying and reconciling fees. At the same time, recent state legislation in the U.S. and country-specific reporting requirements in the EU highlight the increased need for standardization. 

"The quality of GP reporting is high. This is a good thing." says Ben Cook, Colmore's CEO.  "LPA negotiations and side letters often include specific reporting requirements. The challenge for investors is how they extract, record and make sense of the information they receive in a cost effective way. 

“That's where FAIR comes in,” Cook added. “It provides an extra layer of comfort and certainty that doesn't cost the earth."

Colmore was the portfolio-servicing arm of global private equity manager Capital Dynamics until its launch as a standalone company in January 2017. The London-based firm monitors and reports on more than 1,400 funds from 450 GPs, providing investors real time insight into their private asset portfolios. The company’s technology monitors more than $2 trillion in portfolio company assets in private equity, real estate, infrastructure and debt funds. 

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