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.

Fund Expense Allocation Statistics 2026
Every measured figure we hold on how private funds split shared costs, drawn from 80 PE, VC, growth-equity and credit fund finance teams interviewed across 2026.
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Fund Expenses vs Management Company Expenses and 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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Multi-Entity Expense Allocation and 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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The Fund Close-Time Benchmark and 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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The 2026 Legal Invoice Allocation 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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The Fund Finance Tech Stack 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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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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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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