ILPA-aligned quarterly reporting for closed-end PE funds
The ILPA Reporting Template is the de facto standard for closed-end PE quarterly reporting, but most GPs still assemble it by hand from a fund accounting export, a fee tracker, and an IRR spreadsheet. Ashta produces the entire packet from one validated dataset: capital activity by LP, fee-and-expense disclosures, IRR / MOIC / TVPI / DPI at the fund and LP level, and the supporting schedules. The packet is reviewed inside Ashta, locked on approval, and versioned on reissue.
What changes when you run ilpa reporting for private equity
| Dimension | Result | How it works |
|---|---|---|
| ILPA template version supported | v2.1 | Quarterly Reporting Standards (2023) baseline, with backward compatibility to v1.1. |
| Performance metrics auto-computed | IRR · MOIC · TVPI · DPI | Per fund, per vintage, per LP class — and reproducible from the underlying cash flows. |
| Fee disclosure granularity | Per category × LP | Mgmt fees, partnership expenses, GP-related party — itemised by ILPA category. |
| Reissue support | Versioned + locked | Each issued packet is immutable; reissues produce a new versioned packet with a change note. |
Common questions about ilpa reporting for private equity
Which ILPA template versions does Ashta support for PE quarterly reporting?
Ashta supports the ILPA Quarterly Reporting Standards v2.1 (2023) as the primary template, with backward-compatible output for v1.1 funds. The mapping between fund-accounting line items and the ILPA category structure is configurable per fund so the same fund can emit either format if LPs request both.
How are performance metrics (IRR, MOIC, TVPI, DPI) calculated and reproduced?
All four metrics derive from the same cash-flow ledger that drives the capital account statement. They're calculated per fund, per vintage year, and per LP class. The math is reproducible from the underlying cash flows so any LP query can be answered by re-running the calc with the same inputs.
Can Ashta produce a reissued ILPA packet without breaking the audit trail?
Yes. A reissued packet carries a new version identifier (Q2 2025 v2, for example), references the prior version, and surfaces the line-item diff as a change note to the LP. The original version stays accessible and locked — auditors can reconstruct exactly what the LP saw in each version.
How does Ashta handle fees and expenses disclosure under ILPA categories?
Fee-and-expense line items are tagged with the ILPA category at the GL level (management fees, partnership expenses, GP-related party transactions, organizational expenses, etc.). The quarterly packet emits the disclosure table directly from these tags rather than from a separate fee tracker.
See ilpa reporting running against a private equity fund
A 30-minute walkthrough against your fund structure — no slides, just the workflow.