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title: Private Fund Reports | Private markets, in plain English
description: We translate private fund reports into plain English for families, trustees, and the attorneys and CPAs who serve them.
image: https://www.flaglercapitaladvisors.com/hubfs/PFR_Post1_Infographic_1080x1350.png
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Private Fund Reports

# Private markets, in plain English.

You own private equity, credit or real estate funds in a trust or estate. The reports arrive every quarter. We translate them, so you and your advisors know what you own, what it's worth, and when cash will be called.

[Book a 20-minute call](https://meetings.hubspot.com/rtomkins2) [How it works](https://www.flaglercapitaladvisors.com/private-fund-reports#how)

Q3 report, translated Example

NAV $1.84M

What your share of the fund is estimated to be worth today.

Unfunded commitment $410K

Cash the fund can still ask you for, often on short notice.

DPI 0.62x

You've received 62 cents back for every dollar paid in so far.

K-1 Estimate

The final K-1 may arrive after April 15. Your CPA may need to file an extension.

Illustrative figures, not a real client or fund.

Why it exists

## Three good advisors. One blind spot.

It started at a Palm Beach happy hour, with a widow who owned private funds in her trust and had no idea what the reports said. Her advisors were good at their jobs. The reports simply fell between their lanes.

### The CPA

Sees the K-1, late. Prepares the return, often on extension so every K-1 reaches the IRS, and often amended.

### The wealth advisor

Sees the firm's approved platform. Private funds sit outside the sleeve and outside the fee.

### The T&E attorney

Sees the trust documents. Not the quarterly fund reports or the capital calls.

**The quarterly reports and capital calls** land with the family, full of jargon and acronyms, often asking for cash on little notice.

The gap we fill

## Institutions have help. Families don't.

### Pensions & endowments

$200K+

Typical institutional consultant engagement, built for plans with $100 million or more.

### Individuals & trust beneficiaries

Nothing comparable

Until now: a translation service that works alongside the advisors you already trust.

How it works

## A simple quarterly rhythm

Step 1

### Inventory

We list every fund you hold, its manager, your commitment and what's still unfunded, from the documents you already have.

Step 2

### Baseline review

We read each fund's latest report and reconcile it to prior reports, flagging any figures that don't tie.

Step 3

### Every quarter

A one-page plain-English summary, then a 30-minute video call for you and, if you like, your attorney and CPA.

Who it's for

## Built for families and the advisors who serve them

### Trust & estate attorneys

A clear picture of the private fund positions in a taxable estate, without billing your hours to read them.

### CPAs

Early warning on late or estimated K-1s, and a reconciled list of every fund on the return.

### Families & trustees

Know what you own, what it's worth, and when the next capital call is likely to come.

A fit for clients with at least two direct fund positions and $2 million or more in total commitments, across private equity, credit, real estate and other alternatives.

Our ground rules

## Translation, not advice

- We explain what the fund's own documents say. We don't rate funds or recommend investments.
- No investment, legal or tax advice. Your existing advisors keep their roles.
- We never ask for your login or password. You add us as a designated party, or share documents securely.
- Our investor relations team spent years on the GP side of these reports, at leading private equity sponsors.

## Bring us one report.

Send one quarterly report or K-1 package and we'll walk you through it on a 20-minute call. Advisors are welcome to join.

[Book a 20-minute call](https://meetings.hubspot.com/rtomkins2)

[rich@flaglercapitaladvisors.com](mailto:rich@flaglercapitaladvisors.com) · +1 (615) 922-0064 · West Palm Beach, Florida

A service of Flagler Capital Advisors. Translation only. Not investment, legal or tax advice.

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