Maybern Insights

In the world of private debt and private equity, every basis point counts. Fund managers are constantly seeking ways to optimize returns for their limited partners (LPs). One often overlooked component that can significantly impact investor internal rate of return (IRR) is the timing of management fee break rebate distributions. In this post, we'll explore how more frequent fee break distributions can maximize returns for those investors with fee breaks, and how Maybern's integrated platform makes this process operationally feasible.

Teresa Rohrs (Managing Director, Solutions Architect at Maybern) has over 13 years of real estate and private equity expertise. Previously, she led Cadre's Fund Management & Operations team and worked at Angelo Gordon in their Real Estate group.

Maybern's white-glove implementation handles 75-95% of the work so your finance team stays focused on fund operations - not software rollouts.

One of the most significant risks General Partners (GPs) face is the potential for clawback — the obligation to return previously distributed carried interest due to subsequent underperformance. Advanced waterfall tools and comprehensive data management systems (like Maybern) can help mitigate this risk.

Private equity firms face growing operational complexity driven by larger fund sizes, diverse investment strategies, and heightened regulatory scrutiny. Simultaneously, the Institutional Limited Partners Association (ILPA) has raised the bar for transparency, fund governance, and alignment through its Principles 3.0 framework. This piece breaks out the pain points around transparency & reporting in ILPA compliance, and how to address key operational challenges.

The CFO of an $8 billion real estate debt fund manager in New York faced mounting problems with their sole fund administrator. Poor quality control, high team turnover, and frequent mistakes were impacting operational efficiency across critical functions. The administrator's siloed team structure made things worse—communication barriers created delays, particularly when addressing complex waterfall calculations or responding to investor queries about performance data.