ILPA Performance Template

The ILPA Performance Template was developed to standardize return calculation methodologies in the private equity industry by creating a framework for capturing performance metrics and corresponding contributions/distributions.

The Performance Template should be used on a go-forward basis for Funds commencing operations on or after January 1, 2026.

Performance Template Implementation Timeline

About the Template

There are two versions of the Performance Template – both display the same fund- and portfolio-level performance metrics and cash flow data; however, the level of details with the transaction types and the calculation methodology used to calculate fund-level gross performance differs. GPs should select the Performance Template that most closely aligns with how they calculate gross performance and call capital.

Some GPs use fund-to-investor cash flows for gross fund-level performance and itemize each capital call (i.e., know at the time of the call if the capital will be used to finance an investment, pay management fees, etc.) – these GPs should use the “Granular Methodology.”

Other GPs use fund-to-investment cash flows for gross fund-level performance and/or do not itemize capital calls and instead gross up cash flows – these GPs should use the “Gross Up Methodology.”

Use the decision tree below to help select the appropriate version of the template for your purposes.

Decision Tree to Determine Which Performance Template to Use

For questions on the updated Reporting Template or the new Performance Template, please contact templatesupport@ilpa.org.

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