Post by eFront

Accurate books. Inaccurate reporting.   A system error carried forward a prior-year reserve, overstating accrued carried interest by $2.7M and $360K across two institutional LPs. The GP's accounting was sound—but a partially applied ILPA Fee Template produced a different picture.    eFront® FAIR validated the figures against the LPA and cashflow data, traced the misalignment, and worked with the GP and fund administrator to resolve it. Corrected templates were issued—fully reconciled to audited financials and LP ownership.   This client story highlights a key risk for institutional investors: even when fund economics are sound, inconsistent or partial use of the ILPA Fee Template can undermine transparency and fiduciary oversight. eFront FAIR provides independent, third-party validation of private market fees, carried interest, and fund expenses. It combines legal expertise, forensic modelling, and benchmarking to help LPs track, validate, and govern fees with confidence. With ILPA-compliant, board-ready reporting, FAIR ensures LPs have the transparency and oversight they need to meet their fiduciary obligations.   Want to validate your private market fees?    Book a meeting with our expert team: https://lnkd.in/e-npj-De