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LP quarterly report template

A fund manager's quarterly report to limited partners covering fund position, portfolio companies and each partner's capital account, generated one per LP.

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Free plan, no credit card. Bring your own design or start from this layout.

The actual template LP quarterly report template shown in Google Docs

What’s in this template

Every block is bound to a field in your data. The layout stays exactly as designed; only the values change from one run to the next.

  • Cover with the fund, vintage and quarter {{fund.name}} · {{quarter}}
  • Fund position: NAV, called and distributed capital {{fund.nav}} · {{fund.called}} · {{fund.distributed}}
  • Portfolio table, a row per position loop: {{positions}}
  • Company-by-company commentary loop: {{positions}} → {{position.commentary}}
  • Capital account statement for this partner {{lp.account.balance}}
  • GP commentary and outlook for the quarter {{gp.letter}}

How this template fills itself

Connect Airtable, Google Sheets, a SQL database, a CSV or a REST API, map each field to a placeholder, and generate. One run can produce a single document or one per matching record.

Investor & board: A fund manager's quarterly report to limited partners covering fund position, portfolio companies and each partner's capital account, generated one per LP.

Fund positions · SQL database

CompanyCostFair value
Acme Co$2.0m$5.4m
Northwind$1.5m$1.5m
Globex$3.2m$9.1m

Template: Google Slides or Docs

{{fund.name}} · {{quarter}}

Quarterly report for {{lp.name}}

{{fund.nav}} NAV

loop: {{positions}} → row

{{lp.account.balance}} capital account

one report per limited partner; the portfolio table repeats a row per position

Generated output

DocsPDF

Fund II · Q2 2026

Quarterly report for Redwood Trust

$41.6m NAV

Acme Co · $5.4m fair value

$2.8m capital account

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Who uses this template

Venture and growth fund managers

Send every limited partner the same quarterly pack with their own capital account figures in it.

Read the guide

Fund operations and finance teams

Build the quarter's reports from the position and capital tables you already close on, rather than from last quarter's file.

Read the guide

Family offices and syndicate leads

Report on a portfolio to a small group of backers in a fixed format that makes quarters comparable.

Read the guide

A quarterly LP report is really two documents in one envelope: a fund-level and portfolio section every partner receives identically, and a capital account section that is different for each of them. Generating it per partner is what makes that practical. It is a Google Doc because the length is not fixed — a fund with eight positions and one with thirty produce very different documents, and the tables and page breaks have to absorb that on their own.

Shape the data as fund, positions and partners

The reports come out cleanly when the source has three levels: one row for the fund’s quarter, a row per portfolio position, and a row per limited partner with their commitment and account movements. The portfolio table then loops over positions, the commentary nests inside that loop, and the capital account block reads from the partner record the run is scoped to. What usually goes wrong is a single flat sheet where each partner’s row repeats the fund figures — one restatement and half the rows disagree with the other half. Keep the fund’s numbers in one place and let every report point at them.

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Common questions, answered

How is this different from a monthly investor update? +
The direction and the detail. An investor update is a founder writing to the people who backed their company. An LP report is a fund manager writing to the people who committed capital to the fund, so it carries fund-level position, per-company figures and each partner's own capital account. If you are a founder sending a short monthly note, the investor update template is the one you want.
Can each LP see only their own capital account? +
Yes, because the report is generated per partner rather than shared. Filter the run to the limited partners due this quarter and each document is built from that partner's record: their commitment, called and distributed amounts and closing balance, alongside the fund-level and portfolio sections that everyone receives.
Where do the fund and position figures come from? +
From your own system of record — a SQL database, an Airtable base, a Google Sheet, a CSV export or an API you expose. The template places the numbers you have already closed; it does not calculate NAV, multiples or allocations, which keeps one source of truth and means a restated figure is corrected once and the quarter regenerated.
Can I use my own report design? +
Yes. Fund reports have house formats, and most managers already have one. Rebuild it as a Google Doc with your cover, typography and table styles, mark the variable fields as placeholders, and generate against that master instead of this layout.

Generate this document from your data

Start on the free plan, connect a data source, and export a real Google Docs document. No watermark, no credit card.

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