Industry GuidanceTemplates, Standards & Model DocumentsILPA Quarterly Reporting Standards Initiative

ILPA Quarterly Reporting Standards Initiative

A project to deliver the next evolution of ILPA quarterly reporting standards through a collaborative effort including ILPA members, GPs, Service Providers and other industry bodies.

Get Involved

Join Our Industry-Wide Effort

It's not too late! Get involved in one of our Satellite Groups and sign up to receive the latest initiative updates.

Help Us Spread the Word

We need your help to encourage participation from GPs, Service Providers and others in this broad industry QRSI effort.

About the Initiative

The Quarterly Reporting Standards Initiative (QRSI) aims to create evolved quarterly reporting standards that can be adopted across the industry, driving greater convergence, and improving the experience for all participants. We’re doing this by improving and updating ILPA templates—such as the ILPA Reporting Template—and creating a framework for capturing performance metrics and corresponding contributions/distributions. 

If you would like to get more involved in the QRSI, we welcome your participation. Express your interest below and stay tuned for more updates on what comes next with the proposed ILPA reporting templates.

Initiative FAQ

Looking for more on the initiative? Peruse our Frequently Asked Questions.

ILPA has a rich history of advancing transparency, governance, and alignment of interest in our industry. This latest effort reflects the natural evolution of ILPA’s quarterly reporting standards.

View the Current ILPA Reporting Template

View the Current ILPA Capital Call and Distribution  Template

ILPA is preparing to release an updated ILPA Reporting Template, as well as new templates developed to capture performance metrics and cash flows, for a public comment period. Following that comment period, the finalized templates and guidance will be distributed to the industry.

Several ILPA-led working groups comprised of LPs, GPs, service providers and other industry representatives are driving the initiative forward.

Steering Committee
Includes representation from:
  • State Street
  • CSC
  • Vista Equity Partners
  • Searchlight Capital Partners
  • Asia Alternatives
  • Teacher Retirement System of Texas
  • CalPERS
  • State of Wisconsin Investment Board
  • CDPQ
  • Commonwealth of Pennsylvania Public School Employees Retirement System

Workstream 1: Fund Fees & Expenses
Includes representation from:

  • Citco
  • Colmore
  • Gen II
  • State Street
  • SS&C
  • SEI
  • Albourne
  • Certares
  • Reverence Capital
  • AP6
  • State of Wisconsin Investment Board
  • Teacher Retirement System of Texas

Workstream 2: Performance
Includes representation from:

  • Gen II
  • State Street
  • CSC
  • Albourne
  • Cambridge Associates
  • ACA Group
  • Certares
  • Oaktree Capital Management
  • Searchlight Capital Partners
  • Vista Equity Partners
  • Washington State Investment Board
  • M&G
  • Temasek
  • Commonwealth of Pennsylvania Public School Employees Retirement System

There’s still time for those in the PE community to get involved, whether through joining a QRSI steering committee or participating in the forthcoming comment period.

Sign up above to receive regular updates about the project, join a working group or provide feedback on aspects of the project.

Related ILPA Guidance​

SEC Private Fund Advisers Rule

View additional resources related to ILPA’s work on the SEC Private Fund Advisers Rule.

Reporting Template

View additional resources related to the ILPA Reporting Template.