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PlanFees
PlanFees occupies a narrow but structurally important lane in private markets: quantifying the all-in cost of alternative investment vehicles.
PlanFees
PlanFees occupies a narrow but structurally important lane in private markets: quantifying the all-in cost of alternative investment vehicles. Unlike broad-based portfolio analytics platforms, PlanFees isolates fee mechanics — management fees, carried interest, deal-by-deal waterfalls, catch-up provisions, and clawback scenarios — and models them across fund vintages and economic cycles. The firm's tools allow limited partners to compare fee proposals on a net-return basis and help general partners design terms that align with institutional expectations. The platform's modeling engine covers private equity, venture capital, private credit, real estate, and infrastructure fund structures. Users can stress-test hypothetical fee schedules against historical return distributions, evaluating how changes in hurdle rates or fee bases shift the distribution of carried interest over a fund's life. This kind of contingent-liability analysis is rarely available outside the internal spreadsheets of large pension funds and endowments. The firm's geographic reach, while not publicly detailed, likely concentrates on North American and European institutional relationships given the regulatory and structural complexity of the underlying fund vehicles. PlanFees distributes its analytics through a software interface and supplements the technology with advisory engagements that interpret output for investment committees and trustee boards. The team size, ownership structure, and founding date are not publicly disclosed, and the firm maintains a deliberately low profile — unusual for an enterprise technology provider but consistent with a business that sells into the diligence workflows of large institutions rather than through broad marketing campaigns. What structurally differentiates PlanFees from generic fee benchmarking surveys or fund-of-funds intelligence is its granular, scenario-driven modeling rather than aggregate peer-group averages. Instead of telling a pension fund what the 'median' management fee is for a $500 million buyout fund, it calculates what a specific fee schedule does to net IRRs across 10,000 Monte Carlo simulations. That shifts the conversation from industry norms to fund-specific economics — a posture that appeals to sophisticated allocators who view fee structures as a core term to be negotiated rather than a static market convention.
General information
Firm type
Asset Manager
Year founded
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AUM
Undisclosed
Location
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Corporate office
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Sector focus
Frequently asked questions
What exactly does PlanFees do for institutional investors?
PlanFees provides software and advisory services that model the economic impact of alternative investment fee structures. Its platform stress-tests management fees, carried interest waterfalls, catch-up provisions, and clawback mechanics across private equity, venture capital, private credit, real estate, and infrastructure fund scenarios. The output helps limited partners compare net-return outcomes under different fee proposals and supports investment committee decisions with quantitative fee diligence.
How is PlanFees different from a fee benchmarking service?
Benchmarking services typically report industry medians for management fees and carried interest based on survey data — useful context but static. PlanFees runs scenario-driven simulations that show how a specific fee schedule affects net IRRs under varying fund performance outcomes. This converts fee analysis from a market-practice check into a fund-specific risk assessment, allowing allocators to quantify how much a given fee structure costs them across a distribution of possible returns.
Which fund structures can PlanFees model?
The platform covers standard institutional fund structures including commingled private equity and venture capital vehicles, deal-by-deal waterfalls, private credit funds with complex incentive fee tiers, and real estate and infrastructure partnerships. Its modeling accommodates European-style whole-fund waterfalls, American-style deal-by-deal structures with catch-up provisions, and hybrid arrangements that combine elements of both.
Does PlanFees manage any investment capital itself?
No. PlanFees is a technology and advisory provider, not an investment manager. It does not raise funds, allocate capital, or take balance-sheet positions. The firm sells software licenses and consulting engagements to institutional investors and general partners seeking fee analytics — a pure fee-for-service model with no co-mingling of investment interests.
Who uses PlanFees — limited partners, general partners, or both?
Both constituencies use PlanFees, though in different ways. Limited partners — pension funds, endowments, sovereign wealth funds, and family offices — use the platform to diligence proposed fee terms and compare net-return outcomes across manager finalists. General partners use it to stress-test how different fee designs affect their economics under various fund performance scenarios, which informs term-sheet design and LP negotiation strategy.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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