ILPA to publish PE fee reporting guide

The initiative aims to create a cross-industry reporting standard for fees and expenses claimed by GPs, investors and advisers, to streamline the disclosure process and lighten the administrative burden it claims that current reporting standards are imposing.

Recently, the evergreen discussion over fees and transparency was reignited when US pension giant and IPSA member Calpers said it would undertake an in-depth review of its fee expenses, having admitted it did not have a clear overview of its outlays on private equity fees.

ILPA's working group consists of senior investment and reporting professionals from across the investment and advisory industries, who will be in charge of producing the industry guidance that builds on ILPA's 2011 reporting guidelines.

In addition to the initiative's goal of producing a reporting template, recommendations will be proposed on how third parties to GPs factor into compliance with funds' governing documents and best practices related to fee and expense reporting, as well as compliance disclosures.

The report and template are currently under development; a first draft will be made available for comments by ILPA members by the end of September. A final product will be published by early January 2016.

Read more on this topic: Fee transparency debate takes hold in the Netherlands

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• LPs
• GPs
• CalPERS
• fees