Reporting Template Overview & Documents
Overview
The ILPA Reporting Template was first developed in 2016 to promote more uniform reporting practices in the PE industry related to fees, expenses and carried interest, representing a step forward in enhanced transparency in these areas, which are critical to supporting the alignment of interest and partnership between General Partners (GPs) and Limited Partners (LPs). The current version of the ILPA Reporting Template was updated through a collaborative industry effort and released in 2025.
Today, the ILPA Reporting Template is intended to be supplemental to the quarterly reporting provided by GPs as part of their standard reporting package, including financial statements (i.e., audited and unaudited financial statements prepared in accordance with U.S. GAAP, IFRS or other comprehensive basis of accounting) as mandated by the Fund’s Limited Partnership Agreement (LPA) and other governing documents and/or jurisdictional requirements.
The updated ILPA Reporting Template is intended to replace the 2016 ILPA Reporting Template on a go-forward basis for Funds still in their investment period during Q1 2026 or for Funds commencing operations on or after January 1, 2026.
Reporting Template Documents & Supporting Resources
Get the updated ILPA Reporting Template, Suggested Guidance and other Supplemental Resources below.
The ILPA Reporting Template was first developed in 2016 to promote more uniform reporting practices in the PE industry…
This current version of the ILPA Reporting Template was updated through a collaborative industry effort and released in 2025.
Definitions contained in the current ILPA Reporting Template, updated through a collaborative industry effort and released in 2025.Learn more…
Overview of formulas included in the updated ILPA Reporting Template with a simple and detailed view in the formulas…
Overview of changes in the updated ILPA Reporting Template relative to the 2016 ILPA Reporting Template (as well as…
Frequently asked questions about the ILPA Reporting Template and ILPA Performance Template.
GPs may continue to provide the 2016 Reporting Template, available below, for Funds that are no longer in their investment period as of Q1 2026.
Drawing on extensive consultations within the LP and GP communities and with technical experts, ILPA released the 2016 ILPA…
Drawing on extensive consultations within the LP and GP communities and with technical experts, ILPA released the ILPA Reporting…
About the Template Development
Quarterly Reporting Standards Initiative (QRSI)
Since the ILPA Reporting Template first launched in 2016, the industry has transformed in several areas: practices around PE fund economics and GP disclosures, materially increased expectations for transparency and greater availability of technology solutions from a wider array of Service Providers positioned to support the reporting ecosystem across all participants.
In 2024, ILPA launched the Quarterly Reporting Standards Initiative (QRSI), a collaborative, industry-wide effort, to develop the next evolution of quarterly reporting standards to serve the needs of our changing industry.
The QRSI engaged a Steering Committee, working groups, and satellite groups for ongoing input, held a 10-week public comment period, and facilitated targeted discussions with organizations and groups across global LPs, GPs, Fund of Funds, among others, to strengthen the final design of the ILPA Reporting Template. By working collaboratively across the industry, ILPA sought to surface the complex issues and differing reporting practices to be considered in crafting solutions to standardization that would ensure the widest adoption possible around the globe and throughout the PE industry.
The updated ILPA Reporting Template was released in January 2025 alongside the introduction of a new ILPA Performance Template.
QRSI Steering Committee
LPs
CalPERS
CDPQ
Commonwealth of Pennsylvania Public School
State of Wisconsin Investment Board
Teacher Retirement System of Texas
GPs
Cerberus
Searchlight Capital Partners
Vista Equity Partners
Fund of Funds
Asia Alternatives
Fund Administrators
CSC
State Street
Reporting Template Working Group
LPs
AP6
Mass Prim
State of Wisconsin Investment Board
Teacher Retirement System of Texas
GPs
Certares
Reverence Capital
Fund Administrators
Citco
Gen II
SEI
SS&C
State Street
Consultants
Albourne
Colmore
For questions on the updated Reporting Template or the new Performance Template, please contact templatesupport@ilpa.org.
