[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-240173-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-240173-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","performance-template-guidance-granular-methodology","Performance Template Guidance - Granular Methodology","","ILPA Performance Template Guidance - Granular Methodology explains how the ILPA Performance Template standardizes private equity return calculation methodologies. It describes the template’s purpose to capture performance metrics alongside contributions and distributions, and situates release in January 2025. The guidance outlines development through ILPA’s Quarterly Reporting Standards Initiative (QRSI), the initiative’s industry-wide collaboration, and how the template supports transparency and standardized reporting for general partners and limited partners.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/presentations/","Presentations",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/performance-template-guidance-granular-methodology/240173/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/performance-template-guidance-granular-methodology/240173.png","ImageObject",442,249,{"name":42,"@type":43},"Lute","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-30","2026-09-11",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",19,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is the ILPA Performance Template designed to standardize?","Question",{"text":63,"@type":64},"It standardizes return calculation methodologies in the private equity industry by providing a framework for capturing performance metrics and the related contributions and distributions.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"When was the Performance Template released and how was it developed?",{"text":68,"@type":64},"The Performance Template was developed throughout 2024 and released in January 2025 as a key deliverable within ILPA’s Quarterly Reporting Standards Initiative (QRSI).",{"name":70,"@type":61,"acceptedAnswer":71},"What does the guidance cover for applying the Performance Template?",{"text":72,"@type":64},"The template guidance includes implementation timing, frequency and delivery, treatment of legacy funds, reporting level, conformity with LPA and accounting standards, and calculation methodologies for fund- and portfolio-level metrics.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},240173,1791726991,{"code":4,"msg":82,"data":83},"success",[84,88,93,98,103,108,113,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":86,"slug":87},11,90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":85,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":136,"language":137,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":12,"update_tm":141,"read_time":142},137454149569,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","Performance Template Guidance  \nGranular Methodology  \nRELEASED JANUARY 2025  \nPerformance Template Guidance-Granular Methodology | 2  \nTable of Contents  \nExecutive Summary  \nBackground  \nKey Features of the Performance Template  \nOverview of the Performance Template  \nPerformance Template Objectives  \nTemplate Guidance  \nI. Implementation Timing  \nII. Frequency, Timing and Delivery  \nIII. Application to Legacy Funds  \nIV. Consistent Implementation Timing Across Emerging Managers, Smaller GPs and Mid-Market GPs  \nV. Level of Reporting  \nVI. Conformity with the LPA and Accounting Standards  \nVII. Fund Performance Table: Fund-Level IRR and TVPI/MOIC Calculation Methodologies  \nVIII. Portfolio Performance Tables: Gross and Net Portfolio-Level IRRand MOIC Calculation Methodologies  \nIX. Marketing Rule Implications  \nX. GP Modifications and Optionality with the Performance Template  \nXI. LP Modifications and Adherence to the Performance Template  \nXII. Footnotes  \nXIII. Miscellaneous  \n4  \n5  \n9  \n12  \n14  \n15  \n16  \n18  \n18  \n19  \n19  \n19  \n20  \n21  \n21  \n23  \n24  \n24  \n25  \nPerformance Template Guidance-Granular Methodology | 3  \nSupplemental Resources Available  \nTo support implementation efforts and adoption of the Performance Template throughout the Private Equity (PE) industry, ILPA has developed a set of supplemental resources to provide more in-depth guidance that can be used in tandem with the core guidance presented herein. ILPA will continue to add to the suite of supplemental resources moving forward. To ensure the Performance Template’s objective of greater standardization is achieved, ILPA encourages interested parties to consult [ilpa.org/performancetemplate](ilpa.org/performancetemplate)[ ](ilpa.org/performancetemplate)for the latest supplemental resources and to reach out to [templatesupport@ilpa.org](templatesupport@ilpa.org) with any questions or suggestions for additional clarity.  \nSupplemental Resources Available on [ilpa.org/performancetemplate](ilpa.org/performancetemplate)  \nABOUT ILPA  \nThe Institutional Limited Partners Association (ILPA) empowers and connects limited  \npartners to maximize their performance on an individual, institutional and collective basis.  \nWith more than 600 member organizations representing more than 3 trillion USD of private equity assets under management, ILPA is the only global association dedicated exclusively to advancing the interests of LPs and their beneficiaries through best-in-class education, content, advocacy and events.  \nSECTION 1  \nExecutive Summary  \nPerformance Template Guidance-Granular Methodology  \nPerformance Template Guidance-Granular Methodology | 5  \nExecutive Summary  \nBackground  \nThe ILPA Performance Template (the “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. It was developed throughout 2024 and released in January 2025 as one critical deliverable of ILPA’s Quarterly Reporting Standards Initiative (QRSI), alongside an update to the ILPA Reporting Template (Reporting Template) .  \nTo deliver the next evolution of ILPA quarterly reporting standards, ILPA launched the Quarterly Reporting Standards Initiative (QRSI), a collaborative, industry-wide effort. QRSI was initially formed to respond to the Quarterly Statements rule within the U.S. Securities and Exchange Commission (SEC) Private Fund Adviser’s (PFA) rule, with QRSI’s initial framework based on creating a solution that adhered to the PFA’s requirements. When that rulemaking effort was vacated by the U.S. Fifth Circuit Court of Appeals, ILPA shifted QRSI’s focus to develop a purely industry-driven solution more closely aligned with the industry’s pressing needs. The end results of QRSI-the Reporting Template and Performance Template-represent a meaningful step towards greater transparency and standardization for reporting and c","cbCaiius6zWb3OoQ","https://ap.wps.com/l/cbCaiius6zWb3OoQ","pdf",669393,26,"English","# Executive Summary\n## Background\n## Key Features of the Performance Template\n## Overview of the Performance Template\n## Performance Template Objectives\n## Template Guidance\n### I. Implementation Timing\n### II. Frequency, Timing and Delivery\n### III. Application to Legacy Funds\n### IV. Consistent Implementation Timing Across Emerging Managers, Smaller GPs and Mid-Market GPs\n### V. Level of Reporting\n### VI. Conformity with the LPA and Accounting Standards\n### VII. Fund Performance Table: Fund-Level IRR and TVPI/MOIC Calculation Methodologies\n### VIII. Portfolio Performance Tables: Gross and Net Portfolio-Level IRR and MOIC Calculation Methodologies\n### IX. Marketing Rule Implications\n### X. GP Modifications and Optionality with the Performance Template\n### XI. LP Modifications and Adherence to the Performance Template\n### XII. Footnotes\n### XIII. Miscellaneous","[{\"question\":\"What is the ILPA Performance Template designed to standardize?\",\"answer\":\"It standardizes return calculation methodologies in the private equity industry by providing a framework for capturing performance metrics and the related contributions and distributions.\"},{\"question\":\"When was the Performance Template released and how was it developed?\",\"answer\":\"The Performance Template was developed throughout 2024 and released in January 2025 as a key deliverable within ILPA’s Quarterly Reporting Standards Initiative (QRSI).\"},{\"question\":\"What does the guidance cover for applying the Performance Template?\",\"answer\":\"The template guidance includes implementation timing, frequency and delivery, treatment of legacy funds, reporting level, conformity with LPA and accounting standards, and calculation methodologies for fund- and portfolio-level metrics.\"}]","Performance Template Guidance - Granular Methodology | PDF",1789158114,9]