Post by eFront

A partnership expense misallocation. A $300K NAV correction. A fix that started with FAIR.   A large U.S. public pension plan was being overcharged for partnership expenses. The LP's ownership and capital contributions were 2.8%—but expenses were being recognized at 3.2%. The cause: a system-based allocation error and misuse of the ILPA Fee Template by the fund administrator.   The eFront® FAIR team reconstructed inception-to-date expenses using ILPA reporting, capital account statements, and internal modelling. The result: $300K corrected, NAV restored, and future expense allocations realigned to the LP's actual ownership.   eFront FAIR provides third-party validation of private market fees and expenses, combining legal expertise, forensic modelling, fee tracking and benchmarking. Clients receive ILPA-aligned, board-ready reports that make oversight simple and transparent.   Want to ensure your expense allocations match your ownership?   Book a meeting with our expert team: https://lnkd.in/e-npj-De