Short summary
Use this guide to produce an ILPA-friendly investor report package from your fund data. It is best for quarterly updates, LP reporting cycles, and audit-ready documentation where consistency matters.
Reality check: ILPA alignment is mostly about clarity, consistency, and defensibility. The "format" is the easy part. The workflow is what stops reissues.
What you get
- ILPA-friendly report package: predictable structure, totals, and terminology across reporting cycles.
- Quarter-over-quarter consistency: reuse the same structure each period while updating underlying numbers.
- Documented assumptions: notes for methodology, timing, and classification decisions.
- Review workflow support: draft review, comments, and a clean lockable final.
- Audit-friendly trail: supporting schedules and evidence attached to the package.
- Clean export formats: LP-ready PDF plus structured outputs for analysis/reconciliation.
Step-by-step instructions
- Select the reporting period: choose quarter-end or a custom range from the Fund workspace.
- Select the ILPA-aligned template: choose the ILPA-style report format under Investor Reports.
- Confirm data inputs: performance, fees, capital activity, valuations, and correct cut-off.
- Add narrative highlights: portfolio events, market context, and material changes since last cycle.
- Run validations: surface missing fields, broken mappings, and totals that do not reconcile.
- Generate a draft: export draft PDF for internal review and approvals.
Review, finalize, export
The thing that wrecks reporting cycles is not "making a PDF". It's uncontrolled versions and last-minute changes.
- Apply reviewer feedback: update the draft based on comments and confirm final figures.
- Lock the final version: prevent accidental edits and preserve version history.
- Export and distribute: publish the final PDF through your LP communications workflow.
- Attach supporting schedules: link reconciliations and backups for faster LP responses.
- Reissue correctly if needed: create a new version with "Last Updated" and a short change note.
Why ILPA alignment is worth doing properly
LPs do not want creativity in reporting. They want predictable structure, consistent definitions, and numbers that reconcile. ILPA-aligned formats reduce back-and-forth and make quarterly reporting easier to trust.
What gets better immediately
- Less manual formatting: stop rebuilding the same deck every quarter.
- Cleaner reviewer experience: stable sections make validation faster.
- More defensible numbers: answer "why did this move?" with inputs and schedules, not archaeology.
- Consistent LP communications: easier comparisons across periods.
- Fewer errors, fewer reissues: validations catch issues before LPs do.
Last updated
2026-02-09