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Colemore launches fee tracking service for limited partners

Thursday, April 27, 2017
Opalesque Industry Update - Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort.

There is a global trend towards fee verification and reporting. FAIR comes at a time when limited partners are increasingly focused on verifying and reconciling fees. There is also recent state legislation in the US, and country specific reporting requirements in the EU, which have highlighted the increased need for standardization. Industry bodies are leading this effort, but the market isn't there yet.

"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, an extra layer of comfort and certainty that doesn't cost the earth," Cook added.

Colmore has been recording and interrogating private equity data for many years. We monitor and report on over 1,400 funds from 450 GPs and our coverage universe continues to expand.

FAIR meets the evolving needs of investors and takes into account the availability of manager data. Our process and framework uniquely leverages our insight as a former GP and LP.

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