Fehlerhafte Management-Fee-Berechnung und ‑Abrechnung

Definition

Australian venture funds commonly set management fees at around 2% and carried interest at 20%, but institutional LPs often negotiate lower blended economics through reduced‑fee or fee‑free co‑investments and other adjustments.[3] Fee structures can shift from committed capital in the investment period to invested or net asset value thereafter, creating a moving base that must be tracked by deal, by investor, and over time. Without a robust system, GPs frequently rely on spreadsheets and manual reconciliations to compute quarterly or semi‑annual fees. In this environment, complex co‑investment side letters, step‑downs, and fee offsets (e.g., against transaction or monitoring fees) are prone to error. Because LPs compare capital account statements with limited partnership agreement terms and market norms, they may challenge over‑billing, forcing credits in later periods; under‑billing often goes undetected or is contractually difficult to claw back. On a AUD 200m fund with a nominal 2% fee (AUD 4m p.a.) and multiple side‑letter concessions, even a 1–3% net error rate in favour of LPs equates to AUD 40k–120k in lost fees over 5–7 years, excluding disputes and rework.

Why This Matters

The Pitch: Venture Capital and Private Equity managers in Australia 🇦🇺 leak AUD 50k–200k per fund in undercharged, disputed, or rebated management fees due to spreadsheet‑driven fee calculations. Automation of management fee base calculation, offsets, and invoicing eliminates this leakage.

Affected Stakeholders

Fund CFOs, Fund Controllers, GP Partners responsible for investor relations, Fund Administrators, LP Reporting Teams

Related Business Risks