0001145549-23-036833.txt : 20230613 0001145549-23-036833.hdr.sgml : 20230613 20230613171330 ACCESSION NUMBER: 0001145549-23-036833 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230613 DATE AS OF CHANGE: 20230613 EFFECTIVENESS DATE: 20230613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hatteras Core Alternatives TEI Fund, L.P. CENTRAL INDEX KEY: 0001307688 IRS NUMBER: 201820062 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-21665 FILM NUMBER: 231012126 BUSINESS ADDRESS: STREET 1: 8510 COLONNADE CENTER DRIVE STREET 2: SUITE 150 CITY: RALEIGH STATE: NC ZIP: 27615 BUSINESS PHONE: (919) 846-2324 MAIL ADDRESS: STREET 1: 8510 COLONNADE CENTER DRIVE STREET 2: SUITE 150 CITY: RALEIGH STATE: NC ZIP: 27615 FORMER COMPANY: FORMER CONFORMED NAME: Hatteras Multi-Strategy TEI Fund, L.P. DATE OF NAME CHANGE: 20050331 FORMER COMPANY: FORMER CONFORMED NAME: Hatteras Multi-Strategy Fund II, L.P. DATE OF NAME CHANGE: 20050105 FORMER COMPANY: FORMER CONFORMED NAME: Hatteras Multi-Strategy Fund, L.P. DATE OF NAME CHANGE: 20041102 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001307688 XXXXXXXX false false false N-2 Hatteras Core Alternatives TEI Fund, L.P. 811-21665 0001307688 549300RENDBMFD7YAG41 8510 Colonnade Center Drive Suite 150 Raleigh 27615-3050 US-NC US 9198462324 U.S. Bancorp Fund Services 622 N Cass St. Milwaukee 53202 18336121912 Journals containing an itemized daily record in detail of all purchases and sales of securities, all receipts and deliveries of securities, all receipts and disbursements of cash and all other debits and credits. General and auxiliary ledgers reflecting all assets, liability, reserve, capital, income and expense accounts. N N N-2 Y Steve E. Moss N/A N H. Alexander Holmes N/A N Thomas Mann N/A N Gregory S. Sellers N/A N David B. Perkins 001824251 Y William Woolverton N/A 480 E. Swedesford Road Suite 220 Wayne 19087 XXXXXX Y Kevin Hourihan N/A 140 E. 45th St, 29th Floor 2 Grand Central Tower New York 10017 XXXXXX Y N N N N N N Hatteras Capital Distributors LLC 8-67555 000143365 N/A Y N Cohen and Company Ltd 00925 N/A N N N N N N Hatteras Core Alternatives TEI Fund, L.P. 549300RENDBMFD7YAG41 N N N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) N N N N Hatteras Funds LP 801-79326 000170628 54930009T37KFAP1TW75 N Portfolio Advisors LLC 801-46369 000105981 N/A 2022-06-30 UMB Fund Services Inc 84-5792 N/A N N N N U.S. Bank NA 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N UMB Fund Services N/A Y N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N Hatteras Capital Distributors, LLC 8-67555-1 000143365 N/A 0.000000000000 0.000000000000 0.000000000000 N 60843816.665780800000 Other Limited Partnership Interests N/A N N Other Limited Partnership Interests N N N 0.000000000000 2.070000000000 N/A 161.510000000000 true INTERNAL CONTROL RPT 2 catf.htm INTERNAL CONTROL REPORT

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Partners of Hatteras Core Alternatives TEI Fund, L.P.

In planning and performing our audit of the financial statements of Hatteras Core Alternatives TEI Fund, L.P. (the “Fund”) as of and for the year ended March 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting.  Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).  A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of March 31, 2023.

This report is intended solely for the information and use of management and the Board of Directors of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ COHEN & COMPANY, LTD.

COHEN & COMPANY, LTD.
Milwaukee, Wisconsin
May 30, 2023