About the Template Development

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 templates. 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.

ILPA built upon the successful QRSI outcomes by conducting a similar effort to refresh the ILPA Capital Call & Distribution Template in 2025. Similar to the QRSI efforts, ILPA engaged a Steering Committee, working group and satellite group to discuss elements of the Template and vet changes. ILPA also held a 9-week public comment period garnering nearly 50 submissions to help inform the final Template. The updated ILPA Capital Call & Distribution template was released in September 2025.