Flat Fee vs. AUM Pricing for Singapore Fund Administration
Every major fund administrator serving Singapore-domiciled funds — including VCC sub-funds — prices on basis points of NAV with a fixed annual minimum. Here's what that actually costs an emerging manager, and what a flat-fee alternative looks like instead.
How Singapore Fund Admins Price Today
Basis Points on NAV
The market norm is roughly 4-12bps of NAV, with a fixed annual minimum — commonly S
Extras Add Up Fast
Onboarding/set-up fees, transfer-agency volume charges, and FATCA/CRS reporting are frequently billed on top of the base minimum — on top of whatever your corporate secretary and VCC compliance work already costs.
Costs Rise as You Perform
A sub-fund that grows its NAV through good performance sees its admin bill grow with it, even though the operational work — capital calls, LP statements, NAV calculation — doesn't change.
Institutional-Fund Pricing, Small-Fund Reality
Most Singapore fund admins are built for large, multi-strategy VCCs. An emerging venture manager running one sub-fund pays institutional-grade minimums for a fraction of the complexity.
A Flat-Fee Alternative
One Price, No Basis Points
$5,000/fund/year (USD), flat. No NAV calculation, no minimum-vs-bps math.
No Growth Penalty
Your admin fee doesn't move when your portfolio marks up. You keep the upside.
Built for the Emerging-Manager Sub-Fund
Purpose-built for a single venture sub-fund under $50M — not retrofitted from a multi-strategy institutional platform.
Runs Alongside Your VCC Compliance Team
Abax handles the LP-facing fund economics — capital calls, capital accounts, NAV, distributions, performance reporting. Your corporate secretary and auditor continue to handle VCC-specific statutory filings, MAS obligations, and SFRS-compliant financial statements — the same division of labor as any other Abax fund.