Private Equity Fund Audits

Navigating Complexity to Protect Investor Interests

Private Equity funds operate in an environment of intense scrutiny and high-stakes valuation. As a fund manager, your priority is deploying capital and driving returns—not getting bogged down in the technical nuances of fund accounting. However, as the regulatory landscape shifts and investors demand deeper transparency, your audit becomes more than a checkbox; it is a critical instrument of trust.

We provide the institutional-grade rigor your LPs expect. You shouldn’t have to explain your fund’s waterfall distributions or SPV structures to your auditors. At Calvetti Ferguson, we act as a technical extension of your management team. Our audit professionals are dedicated to delivering precise, timely, and insightful audits that satisfy the most rigorous expectations of boards, investors, and regulatory bodies.

Audit Solutions Tailored to the PE Lifecycle

We understand that a Private Equity audit requires a deep understanding of both the fund entity and the underlying portfolio companies. Our approach is designed to provide clarity across every layer of your structure.

Advanced Valuation & Fair Value Expertise

In the current macroeconomic environment, the accurate valuation of non-marketed assets is the most scrutinized part of a fund audit.

• • • ASC 820 (Fair Value) Compliance: We provide deep expertise in evaluating fair value measurements and the latest valuation methodologies for illiquid assets.

    • Economic Reality: We ensure your financial statements reflect the true economic value of your investments, providing a solid foundation for investor reporting.

Regulatory Compliance & Risk Management

Navigating the complex regulatory landscape is a significant challenge for modern funds. We help you stay ahead of the curve.

• • • Institutional Governance: Our comprehensive audits help you meet all compliance requirements set by the SEC, AIFMD, and other regulatory bodies.

    • Risk Identification: We look beyond the numbers to identify potential risks in your internal controls, helping to protect the fund, the GP, and the investors.

    • SEC 11-K Filings: For funds with public reporting requirements, we provide the specialized technical depth needed to maintain compliance.

Efficiency for High-Volume Fund Managers

We respect the “deal-speed” of your industry. Our process is designed to be thorough without being intrusive.

• • • Transparent Communication: We provide a clear roadmap for the audit, ensuring no surprises and consistent updates throughout the engagement.

    • Minimal Disruption: By utilizing advanced audit technology and senior-level expertise, we minimize the administrative burden on your finance team.

Why Choose Calvetti Ferguson?

We offer the technical resources of a national firm with the agility and responsiveness of a specialized partner.

• Top-Tier PCAOB Quality: As a PCAOB-registered firm, our work undergoes rigorous external inspections, giving your LPs the confidence that your reports are independent and accurate.

• Portfolio Professionalization: Because we also audit and advise portfolio companies, we understand the “dirt and steel” of the assets your fund owns.

• A Strategic Partnership: We don’t just find issues; we provide the insights needed to professionalize your fund’s financial operations as you scale.

Ready to Strengthen Your Fund’s Credibility?

Don’t let audit complexity slow down your next capital raise. Let’s build the transparent, high-integrity foundation your investors deserve—partner with a firm that understands the intersection of Private Equity operations and enterprise value.

Contact Our Team