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efront® fair
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.
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.
Why fee validation and benchmarking matter more than ever in private markets
Fund data transparency doesn’t equal fund fee accuracy. In this Q&A Alex Tarantino, Managing Director, Head of eFront Sales discusses why LPs need continuous fee oversight to safeguard their negotiated terms.
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
Access brochure here
Access brochure here
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
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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"). For information on art. 8 / 9 Financial Services Act (FinSA) and on your client segmentation under art. 4 FinSA, please see the following website: www.blackrock.com/finsa. In Singapore, this is for use only with institutional investors as defined in Section 4A of the Securities and Futures Act, Chapter 289 of Singapore. In the provision of any of the services described herein, neither BlackRock (nor any of its affiliates) will be acting in a capacity as investment adviser or broker-dealer nor will it be performing the functions of an organized market or exchange (and has not been recognized as doing so by the Monetary Authority of Singapore). In Hong Kong, the technology and the material is for distribution to "Professional Investors" (as defined in the Securities and Futures Ordinance (Cap.571 of the laws of Hong Kong) and any rules made under that ordinance.) and should not be relied upon by any other persons or redistributed to retail clients in Hong Kong. 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