Today the Institutional Limited Partners Association (ILPA) released the updated ILPA Capital Call & Distribution Template, its latest effort to strengthen communication and transparency across the private markets industry.
Since its introduction in 2011, the ILPA Capital Call & Distribution Template has promoted standardization in the ways that capital call and distribution notices are issued across the industry. The updated template builds on this foundation while offering a deeper dive into transaction reporting, reflecting industry developments, and incorporating a more user-friendly design.
“For LPs, capital call and distribution notices are essential tools for monitoring cash flow activity,” said Neal Prunier, ILPA Managing Director of Industry Affairs. “It’s our hope that this collaborative industry effort to update our Capital Call & Distribution Template provides LPs with additional clarity and consistency needed to track their investments, inform internal operations, and overall support transparency across the industry.”
The template update also includes elements that support reporting with the updated ILPA Reporting Template and new ILPA Performance Template, released earlier this year, as part of ILPA’s effort to develop the next evolution of ILPA reporting standards for the industry.
