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ARTICLE · 20 FEBRUARY 2025

ILPA Publishes Updated Reporting Template And New Performance Template

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The Institutional Limited Partners Association (ILPA) recently released its updated ILPA reporting template (Reporting Template) and a new ILPA performance template (Performance Template), together with corresponding guidance.

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Cathleen A. Booth
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The Institutional Limited Partners Association (ILPA) recently released its updated ILPA reporting template (Reporting Template) and a new ILPA performance template (Performance Template), together with corresponding guidance.

The enhancements aim to promote greater standardisation, transparency and comparability in private fund reporting, reflecting the industry's evolving dynamics. As such, the Reporting Template and the Performance Template aim to strengthen the alignment of interests and partnerships between general partners and limited partners to foster a more efficient and trustworthy investment environment.

Background

The original ILPA reporting template was introduced in 2016 to standardise disclosures related to fees, expenses and carried interest within the private fund sector. Since then, the industry has experienced transformative changes, including, among other things, shifts in fund economics, increased expectations for transparency and the

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