Synthetic reference · Fund reporting
Private capital reporting pack
Trace capital activity, closing NAV, and performance multiples for Example Fund I, a fictional fund. Inspect the source mapping and quarterly review checklist.
USD · Simplified investor-level net basisAll data and source references are fictional.
Since-inception measures at 2026-Q2
- Paid-in capital
- $100,000,000
- Cumulative distributions
- $30,000,000
- Closing NAV
- DPI
- 0.30x
- RVPI
- 1.20x
- TVPI
- 1.50x
Quarterly NAV bridge
- Opening NAV
- $101,000,000
- + Contributions
- $10,000,000
- − Distributions
- $8,000,000
- + Net valuation and operating change
- $17,000,000
- = Closing NAV
- $120,000,000
- Unexplained residual
- $0
Synthetic working example. A zero bridge residual checks arithmetic; it is not an audit, a valuation approval, or an approved investor report.
| Quarter | Contributions | Distributions | Net change | Closing NAV | Source ID |
|---|---|---|---|---|---|
| 2024-Q3 | $20,000,000 | $0 | $1,000,000 | $21,000,000 | SYN-FUND-2024-Q3 |
| 2024-Q4 | $15,000,000 | $0 | $2,000,000 | $38,000,000 | SYN-FUND-2024-Q4 |
| 2025-Q1 | $15,000,000 | $2,000,000 | -$1,000,000 | $50,000,000 | SYN-FUND-2025-Q1 |
| 2025-Q2 | $10,000,000 | $3,000,000 | $4,000,000 | $61,000,000 | SYN-FUND-2025-Q2 |
| 2025-Q3 | $10,000,000 | $4,000,000 | $5,000,000 | $72,000,000 | SYN-FUND-2025-Q3 |
| 2025-Q4 | $10,000,000 | $5,000,000 | $10,000,000 | $87,000,000 | SYN-FUND-2025-Q4 |
| 2026-Q1 | $10,000,000 | $8,000,000 | $12,000,000 | $101,000,000 | SYN-FUND-2026-Q1 |
| 2026-Q2 | $10,000,000 | $8,000,000 | $17,000,000 | $120,000,000 | SYN-FUND-2026-Q2 |
Reproduce the result
Transparent calculations and reporting basis
Paid-in capital and distributions accumulate through the selected quarter. NAV uses only that quarter’s closing snapshot. DPI = distributions ÷ paid-in capital; RVPI = NAV ÷ paid-in capital; TVPI = (distributions + NAV) ÷ paid-in capital. A missing input or nonpositive denominator returns unavailable.
For 2026-Q2, paid-in capital is $100 million, distributions are $30 million, and closing NAV is $120 million: DPI 0.30x, RVPI 1.20x, and TVPI 1.50x. These multiples are not annualized returns and do not account for cash-flow timing.
The simplified net basis treats the modeled NAV and net change as after fees and expenses; it does not include a detailed fee allocation schedule. The example excludes recallable distributions, subscription facilities, FX, investor allocations, and IRR. Actual reporting requires the fund’s agreed conventions and approval.
Source mapping and control owners
| Output | Source / grain | Calculation | Control / owner |
|---|---|---|---|
| Paid-in capital | Approved contribution schedule Fund × transaction | Cumulative eligible contributions through cutoff | Source IDs, duplicates, cutoff and currency Fund finance |
| Distributions | Approved distribution schedule Fund × transaction | Cumulative eligible distributions through cutoff | Tie to approved cash-flow schedule Fund finance |
| Closing NAV | Approved valuation / accounting snapshot Fund × reporting date | Selected closing snapshot; never sum across periods | NAV bridge and approved valuation version Valuation and finance reviewers |
| DPI / RVPI / TVPI | Reconciled cumulative flows and closing NAV Fund × reporting date × basis | D / PIC; NAV / PIC; (D + NAV) / PIC | Positive denominator, basis agreement and independent fixture Reporting reviewer |
Quarterly review checklist
- Confirm fund, cutoff, currency, basis, and template version
- Confirm all expected sources and retain versions
- Reconcile cash movements and cumulative totals
- Explain the opening-to-closing NAV bridge
- Resolve missing inputs and denominator exceptions
- Review narrative and valuation evidence separately
- Approve an exact version before release
- Retain the released pack and controlled correction record
This original pack is not an ILPA template or certification. Consult the official ILPA templates hub and performance guidance with your reporting owners. Prepared September 9, 2026 by Ryan Ussery.