Waterfalls
Sign in
Service Provider Network

Who advises whom.

Law firms, auditors, fund administrators, and placement agents across the fund universe. A signal most tools don't surface — because a Big 4 auditor or AmLaw 10 counsel tells you something the PPM doesn't spell out.

Providers tracked
19
4 types
Fund engagements
13
provider ↔ fund rows
Auditors in DB
7
named so far
Law firms in DB
6
named so far

Full provider universe

#
Provider
Type
Tier
Followers
Funds
1
TP
Troutman Pepper Locke LLP
Atlanta, GA
Law Firm
AmLaw 50
—6
2
H&
Holland & Knight LLP
Miami, FL · NYC
Law Firm
AmLaw 50
—4
3
IF
IQ-EQ Fund Administration
London · Luxembourg · New York
Fund Administrator
Tier 1
—3
4
ST
Simpson Thacher & Bartlett LLP
New York, NY
Law Firm
AmLaw 20
—0
5
C
CohnReznick LLP
New York, NY
Auditor
Tier 2
—0
6
MC
Morrison Cohen LLP
New York, NY
Law Firm
AmLaw 200
—0
7
GI
Gen II Fund Services
New York, NY
Fund Administrator
Tier 1
—0
8
BU
BDO USA
Chicago, IL
Auditor
Tier 1
—0
9
D
Deloitte
nationwide
Auditor
Big 4
—0
10
RU
RSM US LLP
Chicago, IL
Auditor
Tier 1
—0
11
EP
Eaton Partners
Rowayton, CT
Placement Agent
Tier 1
—0
12
E
EY
nationwide
Auditor
Big 4
—0
13
P
PwC
nationwide
Auditor
Big 4
—0
14
ST
SS&C Technologies
Windsor, CT
Fund Administrator
Tier 1
—0
15
K&
Kirkland & Ellis LLP
Chicago, IL · NYC
Law Firm
AmLaw 10
—0
16
K
KPMG
nationwide
Auditor
Big 4
—0
17
C
Citco
Amsterdam · global
Fund Administrator
Tier 1
—0
18
PH
Park Hill Group
New York, NY
Placement Agent
Tier 1
—0
19
F&
Foley & Lardner LLP
Milwaukee, WI · nationwide
Law Firm
AmLaw 100
—0
Tier glossary

What the tier chips mean

Firm tier is a diligence signal, not a guarantee. Use it to calibrate how much confidence the provider brand adds and where to ask follow-up questions.

Auditors
Big 4
Deloitte, EY, KPMG, and PwC. Highest audit brand signal, usually with the highest cost profile.
Auditors / Administrators
Tier 1
National auditors and major fund admins with institutional private-fund experience one rung below Big 4.
Auditors / Administrators
Tier 2
Regional and niche firms with private-fund practice. Often credible, but less brand cachet in LP diligence.
Law firms
AmLaw 10
Top-10 US law firms by revenue. Gold-standard counsel, often seen on larger institutional funds.
Law firms
AmLaw 20
Top-11 to 20 US law firms by revenue. Deep fund-formation benches with major institutional experience.
Law firms
AmLaw 50
Top-21 to 50 US law firms by revenue. Strong institutional practice across middle-market and real-estate funds.
Law firms
AmLaw 200
Firms ranked 51 to 200 by revenue. Signal varies more by partner and fund practice than by brand alone.
Any provider
Regional
Single-market, regional, or boutique provider. Cost may be lower; diligence should focus on the specific team.
Unclassified
Unknown
Tracked provider, but not yet mapped to a tier or ranking.