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ILPA Capital Call & Distribution Template

The updated Capital Call & Distribution Template seeks to provide visibility, in a standardized format, into the accounting details and transaction components of a capital call or distribution that are needed to properly monitor fund activities.

The updated ILPA Capital Call & Distribution Template replaces the 2011 Template on a go-forward basis, and should first be delivered in Q1 2027.

Funds adopting the new ILPA Performance Template should use the updated Capital Call & Distribution Template for funds launched on or after Q1 2026.
Funds not adopting the Performance Template should use the updated Capital Call & Distribution Template for funds launched on or after Q1 2027.

ILPA Capital Call & Distribution Template Implementation Timeline

Full Package Download

Go to ILPA Capital Call & Distribution Template (v. 2.0) and Supplemental Guidance
ILPA Capital Call & Distribution Template (v. 2.0) and Supplemental Guidance
Download this zipped folder containing all pieces of the template and the supplemental guidance.

Template

Go to ILPA Capital Call & Distribution Template (v. 2.0)
ILPA Capital Call & Distribution Template (v. 2.0)
This updated Capital Call & Distribution Template was developed and released in 2025 to enhance uniformity and transparency in reporting associated with the issuance of capital call and distribution notices within the private equity industry.

Suggested Guidance

Go to ILPA Capital Call & Distribution Template (v. 2.0) Suggested Guidance
ILPA Capital Call & Distribution Template (v. 2.0) Suggested Guidance
Guidance around the ILPA Capital Call & Distribution Template.
Go to Combined Overview: ILPA Reporting Template, Performance Template and Capital Call & Distribution Template
Combined Overview: ILPA Reporting Template, Performance Template and Capital Call & Distribution Template
Combined overview of the latest ILPA Reporting Template, Performance Template and Capital Call & Distribution Template.

Definitions

Go to Definitions
Definitions
Definitions contained in the ILPA Capital Call & Distribution Template.

Template Guides

Go to Template Guide – Key Features of the Template and Transaction Types
Template Guide – Key Features of the Template and Transaction Types
Detailed look into the key features of the updated ILPA Capital Call & Distribution Template, and transaction type-specific guidance.
Go to Template Guide – Redline 2011 ILPA Capital Call & Distribution Template to Updated ILPA Capital Call & Distribution Template
Template Guide – Redline 2011 ILPA Capital Call & Distribution Template to Updated ILPA Capital Call & Distribution Template
Overview of changes in the updated ILPA Capital Call & Distribution Template relative to the 2011 ILPA Capital Call & Distribution Template (including definitions).

Template Examples

Go to Sample Cover Letter & Description Letter
Sample Cover Letter & Description Letter
***Coming Soon*** A sample PDF capital call & distribution notice (concise & detailed versions) that may serve as the GP’s announcement of a required transfer of capital between itself and its LPs.
Go to Template Examples
Template Examples
Sample usage of transaction types in the Template and mapping of captured transactions to the ILPA Performance Template.
Go to Performance Template – Transaction Mapping
Performance Template – Transaction Mapping
A full list and mapping of transaction types within the updated Capital Call & Distribution Template as compared to the transaction types within the Performance Templates.

2011 ILPA Capital Call & Distribution Template

Materials associated with the previous version of the ILPA Capital Call & Distribution Template, released in 2011.

Go to 2011 Capital Call & Distribution Template
2011 Capital Call & Distribution Template
The updated ILPA Capital Call & Distribution Template is intended to replace this 2011 version on a go-forward basis. Funds adopting the new ILPA Performance Template should use the updated Capital Call & Distribution Template for funds launched on or after Q1 2026. Funds not adopting the Performance Template should use the updated Capital Call & Distribution Template for funds launched on or after Q1 2027.
Go to 2011 Capital Call & Distribution Best Practices
2011 Capital Call & Distribution Best Practices
Best Practices for the 2011 ILPA Capital Call & Distribution Template.

For questions on the latest Reporting Template, Performance Template or Capital Call & Distribution Template, please contact templatesupport@ilpa.org.