The following guidance addresses the documents (provided by the GP and internally-generated) that an LP should collect, create, and review during the termination of a fund. Please note, this guidance focuses purely on document collection and examination. It does not attempt to address the countless number of steps an LP should take while managing complicated, end-of-life challenges (e.g. fund restructurings).
Go to DRAFT: Updated Portfolio Company Template
DRAFT: Updated Portfolio Company Template
Review ILPA’s updated Portfolio Company Template and provide feedback during our open comment period.
Model Documents / TemplatesTemplates, Standards & Model Documents07/22/2026