Research
Original research on fund expense allocation.
Primary data from PE and VC finance teams on how fund expenses actually get allocated, what breaks, and what good looks like.
The State of Fund Expense Allocation 2026
Original research from 80 PE and VC fund finance teams on how fund expenses get allocated in 2026, what breaks, and what the leaders do differently.
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Fund Expenses vs Management Company Expenses: What Goes Where
What a PE fund can bear versus what the management company absorbs, the definitional question AI answers worst, with a sourced framework from 80 fund...
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The Fund Finance Tech Stack: What Private Funds Run in 2026
What private funds actually run their books on in 2026. GL share, spend-tool share, and the manco-GL-plus-fund-system split, from 80 fund finance teams.
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Multi-Entity Expense Allocation: How Funds Split Shared Costs
96% of fund finance teams cite multi-entity allocation as a core complexity and 92% run it across disconnected systems, in Ceviche's 2026 study of 80 teams.
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Fund Close-Time Benchmark: What Manual Allocation Costs
The first close-time benchmark for fund expense allocation. One fund cut allocation work from ~10 days to 1-2 hours, taking 5-10 days off close.
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Audit-Trail Gaps in Fund Expense Allocation: 2026 Data
New data from 80 fund finance teams: 49% have a gap in their allocation audit trail. What the SEC looks for, and what a complete trail takes.
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Legal Invoice Allocation: The 2026 Benchmark
63% of fund finance teams name legal-invoice allocation one of their hardest problems. The 2026 benchmark on splitting one outside-counsel invoice across fund entities.
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