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 Updated Portfolio Company Template
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