Structure of investor reporting
The following deliverables, frequency and time frames for investor reporting are guidance only. While they encompass the current market expectations for a private capital fund, the guidelines below are subject to the type of fund and the fund formation documents.
The table below sets out the position for the frequency of reporting.
Reporting deliverable | Recommended minimum frequency of reporting* |
Fund Information |
|
1 Fund Overview | Quarterly |
2 Executive Summary | Quarterly |
3 Fund Performance Status | Quarterly |
4 Fund Financial Statements | Quarterly (as required by the fund formation documents) |
5 GP Fees, Carried Interest and Fund Operating Expenses | Quarterly |
6 Fund Bridge and Leverage Facilities | Quarterly |
7 Related Party Transactions and Conflicts of Interest | Quarterly |
Investment Portfolio Information |
|
1 Portfolio Summary | Quarterly |
2 Portfolio Investment Detail | Six-monthly with updates for significant events quarterly** |
Investor Information |
|
1 Capital Account | Quarterly |
2 Capital Call Notices | Each transaction |
3 Distribution Notices | Each transaction |
* It is recommended that larger and mid-sized firms report on a quarterly basis. Some firms, owing to their nature, may report on a half-yearly basis.
** Significant events include new investments, exits and material events in portfolio investments not otherwise covered in the Executive Summary.
The frequencies recommended above are not a requirement per se for compliance with the reporting guidelines.
In this section of the guide
In these guidelines
