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FEE DILIGENCE FOR PRIVATE MARKET INVESTORS
Private market fees are complex, making transparency challenging. While asset managers offer strong reporting, fiduciary duties and regulations demand independent validation. Costly forensic audits aren’t the only option. eFront® FAIR provides a smart solution to track, validate, and benchmark fees—ensuring clarity and confidence in fund charges.
Preqin is now a part of BlackRock
Rob Goldstein, BlackRock’s COO, and Mark O’Hare, Preqin’s Founder, discuss how Preqin advances BlackRock’s private market capabilities, enabling the delivery of integrated investment, technology and data solutions across clients’ whole portfolios.
Key Benefits
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01
Reducing Fee and Expense Ambiguity
We monitor your management fees, carried interest, and expenses with accuracy and transparency-offering this service both on an ongoing basis and as a one-time report.
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02
Comprehensive Fee Validation
We review every LPA and Side Letter to capture your unique terms, model expected vs. actual fees, and investigate any variances—ensuring accuracy and transparency.
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03
Benchmarking Fund Terms Against the Market
We benchmark your fees and terms against a selected peer group, providing clear, easy-to-understand comparative data—so you always know where you stand in the market.
Unveil private market fee insights
eFront® FAIR offers a comprehensive understanding of private market investment fees and expenses, eliminating the need for an onsite financial or forensic audit.
Key Metrics Assessed by FAIR:
Quantitative
1. Management fees
2. Partnership expenses
3. Carried interest
Qualitative
1. Document quality
2. GP responsiveness
Key Metrics Assessed by FAIR:
Quantitative
1. Management fees
2. Partnership expenses
3. Carried interest
Qualitative
1. Document quality
2. GP responsiveness
Effortless Fee Diligence
If you only need market intelligence on fee terms, Preqin's Term Intelligence provides a comprehensive benchmarking solution, enabling you to compare LPA terms with the broader market.
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ABOUT ALADDIN
Aladdin® is a technology platform used by asset managers and owners including banks, financial institutions, pensions, corporations, insurers, and wealth managers. The Aladdin platform unifies the investment management process, providing a common data language within an organization to enable scale, provide insights, and support business transformation. Through eFront® technology, alternative investment data management is covered to meet the needs of alternative investment professionals worldwide and across all major alternative asset classes. From fundraising, fund administration and reporting to data services and analytics, the platform provides capabilities to support decision making and investment oversight.
Aladdin® and eFront® platforms bring together public and private asset class data to create an industry-recognized whole portfolio solution for investment professionals globally. Find out more at www.blackrock.com/aladdin | request@blackrock.com
This material is provided for informational purposes only and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are subject to change at any time without notice. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. Performance and risk calculations, including those incorporated into Aladdin technology, are based on assumptions, historical correlations, and other factors (such as inputs provided by the Aladdin users) and are not assured to predict future results. All graphs and screenshots are for illustrative purposes only. BlackRock’s Aladdin platform is a financial technology platform designed for institutional, wholesale, qualified, and professional investor/client use only and is not intended for end investor use. Aladdin users undertake sole responsibility and liability for investment or other decisions related to the technology’s calculations and for compliance with applicable laws and regulations. The technology should not be viewed or construed by any Aladdin users, or their customers or clients, as providing investment advice or investment recommendations to any parties. For additional information on any of the descriptions contained herein, please contact your Aladdin Relationship Management representative. BlackRock may modify or discontinue any functionality or service component described herein at any time without prior advance notice to you.
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In the U.S. and Canada, this material is intended for institutional investors. In the UK, this material is for professional clients (as defined by the Financial Conduct Authority or MiFID Rules) and qualified investors only and should not be relied upon by any other persons. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock. In the EEA, this material is for professional clients, professional investors, qualified clients and qualified investors. For qualified investors in Switzerland: This information is marketing material. This material shall be exclusively made available to, and directed at, qualified investors as defined in Article 10 (3) of the CISA of 23 June 2006, as amended, at the exclusion of qualified investors with an opting-out pursuant to Art. 5 (1) of the Swiss Federal Act on Financial Services ("FinSA"). 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Please note that by receiving these materials, it shall be construed as a representation by the receiver that it is an Institutional or Qualified investor as defined under Mexican law. BlackRock México Operadora, S.A. de C.V., Sociedad Operadora de Fondos de Inversión (“BlackRock México Operadora”) is a Mexican subsidiary of BlackRock, Inc., authorized by the CNBV as a Mutual Fund Manager (Operadora de Fondos), and as such, authorized to manage Mexican mutual funds, ETFs and provide Investment Services. For more information on the Investment Services offered by BlackRock Mexico, please review our Investment Services Guide available in www.blackrock.com/mx. 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