Today, ILPA launched a public comment period to solicit feedback on an updated Capital Call & Distribution Template for the private markets industry. ILPA will seek input on the updated template through August 8, 2025.
This effort was first announced in April and has engaged industry LPs, GPs, service providers and others in developing the newest version of this template. The project was launched shortly after the release of the updated ILPA Reporting Template and new ILPA Performance Template and comes at an advantageous time for the industry. The development of the updated Capital Call & Distribution Template will align with the new Performance Template and can be used to capture details to support reporting with the Performance Template.
This marks the first update to the Capital Call & Distribution Template since 2011, when ILPA first introduced a set of standardized best practices to improve LP/GP transparency and establish consistency in reporting. ILPA’s aim is to create an evolved template that can be adopted across the industry, driving greater convergence and improving the experience for all users.
Following the comment period, the ILPA team will incorporate relevant feedback into adjustments to the templates and related guidance, all of which will be vetted with initiative participants ahead of a final release planned for September of this year.
MORE: Submit Your Comment: Capital Call & Distribution Template
