Compliance by Design
Compliance can be
your competitive edge
Hosted in Europe, built around the rules that make European LPs the best-informed in the world. FundFrame turns that advantage into sharper investment decisions.
Form your own view.
Document the dissent.
The best LPs in Europe no longer take GP-reported NAVs at face value, and supervised ones are formally expected not to. Under the Solvency II prudent person principle (Article 132), insurers must invest only in assets whose risks they can “properly identify, measure, monitor, manage, control and report.” IORP II holds occupational pension funds to the same standard (Article 19).
Forming an independent view is hard when fund data lives in PDFs and spreadsheets. AIFMD Article 19 requires the GP's valuation function to be independent from portfolio management. FundFrame extracts the data your team needs to do the same on the LP side.
With Revenue, EBITDA, EV, and net debt already pulled out of every quarterly statement, your team can triangulate against the methods they trust, log the challenges they raise, and keep the working files attached. Sharper marks, better-timed conversations with the GP, and a defensible record of how you got there.
As reported by GP
$148.0M
Q4 2025 quarterly statement
Your independent view
$135.5M
Built on extracted operating data
GP held NAV flat despite Q4 EV decline and rising net debt. Marking $135.5M, awaiting GP response.
European regulators increasingly expect supervised LPs to form their own independent view of GP-determined valuations, rather than simply accepting what is reported.
Finance, investment, compliance. One system.
Three teams that get sharper when they work off the same data. No more reconciling spreadsheets between functions, no surprise positions, no loose threads. The audit trail stitches itself.
Finance
Liquidity, fees, and expenses
Project cash needs, reconcile management fees, and audit partnership expenses without leaving the system. Time capital calls and commitments with full liquidity in view.
Investment team
Operating metrics, in line with valuation
Track Revenue, EBITDA, and EV alongside reported NAV over time. Spot drift before the next mark, and bring data to every GP conversation.
Compliance & risk
Concentration, caught early
Set caps at company, fund, sector, or country level. Drop a risk note the moment a position drifts beyond limits. Course-correct before concentration becomes a crisis.
Every gate, on the record
Pre-screen, diligence, IC memo, post-commit reviews. Every step produces a structured paper, pre-populated from the data already in the system, so each decision builds on the last instead of starting from a blank page.
Same template across funds. Same sign-offs in the same place. Locked the moment a decision is final, with a hash stamp the auditor can verify.
Pre-screen
Oct 12, 2025
Due Diligence
Nov 04, 2025
IC memo
Dec 08, 2025
Commitment
—
QQR1
—
IC_PAPER_APEX_CAPITAL_III.pdf
Investment Committee · Page 1 of 8
Investment Committee Paper
Apex Capital III · €25M commitment
Recommendation
Approve
Position size
€25M · 12% cap
Vintage
2026
Strategy
EU mid-market PE
Sign-offs
M. Lindberg
IC Chair
S. Hansen
CIO
K. Olsson
CFO
Mapped to the rules that matter
Solvency II
Dir. 2009/138/EC, Art. 132
Requires
Insurers must identify, measure, monitor and report all asset risks.
How FundFrame helps
Triangulate GP NAVs, log dissent, build the independent view a Solvency II investor needs to act on.
IORP II
Dir. (EU) 2016/2341, Art. 19
Requires
Pension funds must invest in members' best long-term interest with proper risk identification.
How FundFrame helps
Document each gate, capture the decision, evidence diligent stewardship of member assets.
AIFMD
Reg. (EU) 231/2013, Art. 18
Requires
Fund-of-funds AIFMs must apply a high standard of due diligence in selecting and continuously monitoring underlying GPs and funds.
How FundFrame helps
Score GPs against a structured framework, capture diligence per fund, evidence the ongoing monitoring an AIFM file demands.
Make compliance your competitive edge
See how FundFrame helps your team challenge GP NAVs, document every gate, and meet regulators on their own ground, while becoming sharper investors in the process.