Leodoran Financial is an independent consulting firm of subject matter expertise on institutional investors needs as well as the GP-LP relationship with services including independent reviews, market intelligence, GP waterfall testing, fee validation expertise, procurement strategy, stakeholder communications, trustee education, technology and service solutions, as well as actively supporting progress in standardization and automation of alternative investment reporting. Leodoran serves pensions, endowments, sovereign wealth funds, insurance firms, their investment mangers, and providers. Founder, Lorelei Graye, is author, speaker, and subject matter expert in private fund reporting, data standards, and fee validation from an LP perspective providing operational and procurement consultation, education, recommendations, and staff/trustee workshops. Leodoran Financial continues to support the ILPA Fee Transparency Initiative which is a multi-dimensional effort aimed at encouraging wider adoption of more uniform practices around fee/expense reporting and compliance disclosures for private markets, and the ADS Initiative, an industry group focused on bringing the private equity industry forward into the age of digital reporting. The aim of Leodoran through its services and pro bono work is to maintain and improve the GP-LP relationship through communication of needs and advancements in industry reporting that will help LPs, especially public institutions, meet their internal and external obligations while ensuring a long and prosperous relationship for all private equity market participants.