ILPA Portfolio Company Template final release scheduled for January 2027
ILPA is updating its Portfolio Company Template for a January 2027 release, per the templates hub read October 20, 2026. The other three ILPA templates are already live and in use.
The ILPA Portfolio Company Template, which standardises how general partners collect and report operating metrics from portfolio companies to limited partners, is being refreshed with a final release scheduled for January 2027, according to ILPA's templates hub page read on October 20, 2026. The three other templates in the set are already live: the ILPA Reporting Template v2.0 (released January 2025, required for funds launched from Q1 2026), the ILPA Capital Call and Distribution Template (refreshed September 2025, in use now), and the ILPA Performance Template (2025). A GP targeting full ILPA template adoption should plan the portfolio company data collection workflow before January 2027, not after, since the new template will require updated fields from portfolio companies whose reporting systems may not yet produce them. The distribution waterfall procedure that feeds the Capital Call and Distribution Template is covered in How to run a distribution waterfall.
Sources
- ILPA Templates Hubilpa.org/industry-guidance/templates-standards-model-documents/ilpa-templates-hub/
Terms used in this article
- ILPA Reporting Template The ILPA Reporting Template is a standardised quarterly schedule, published by the Institutional Limited Partners Association, in which a fund breaks out management fees, partnership expenses, fee offsets and carried interest for each limited partner, quarter to date, year to date and since inception.
- Fund administrator A fund administrator is the firm, or the software operated in-house, that maintains a private fund's books: partner capital accounts, capital call and distribution processing, fee and waterfall calculations, NAV, investor statements and audit support.