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2026 Private Funds CFO Fees and Expenses Survey

Financial Services
Private Equity Fund Services
Private Equity Services
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Transparency, Fee and Regulation Trends

The private funds industry faces rising regulatory scrutiny and increasing investor demand for transparency. The 2026 Private Funds CFO Fees & Expenses Survey, published with Troutman Pepper Locke and PEI, examines how fund managers are adapting to these evolving expectations.

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What’s Inside?

The survey offers a comprehensive look at the fee and expense practices shaping today’s private equity and alternative investment market and provides actionable insights for CFOs, COOs, compliance leaders and fund executives seeking to stay ahead of regulatory and investor expectations.

90% of firms were asked about fees and expenses during their most recent SEC examination.
Increased focus on disclosure, expense allocation and governance practices.
Growing complexity surrounding continuation vehicles, co-investments and broken-deal expenses.
Continued movement toward 100% management fee offsets.
Emerging considerations related to AI adoption, operational costs and retail investor participation.

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