Free private markets document template
LP Technology RFP Template
Create an LP technology RFP covering private markets data, workflows, analytics, reporting, integrations, security and implementation requirements.
01
RFP overview
Municipal Retirement Investment Office invites proposals for Private Markets Data and Portfolio Platform. The selected platform will support institutional private markets investment, operations, risk and reporting workflows.
02
Program scope
The platform will serve 35 across investments, operations, risk and finance and support $2.1bn private markets NAV across 95 funds and 42 managers. Covered asset types include private equity, venture capital, private credit, real assets, secondaries and co-investments.
03
Data management
The solution must ingest and normalize capital notices, quarterly reports, ILPA templates, audited statements, cash flows and underlying holdings. Vendors should describe validation, lineage, exception management and source-document traceability.
04
Analytics
Required analytics include net IRR, TVPI, DPI, RVPI, PME, attribution, exposure, pacing, liquidity and scenario analysis. Calculations must be transparent, reproducible and exportable.
05
Investment & operations workflows
The platform must support commitment approvals, capital calls, valuations, document review, watchlists and annual manager reviews, with configurable approvals, ownership, deadlines and audit trails.
06
Reporting
Required outputs include Investment Committee, board, finance, risk and ad hoc self-service reporting. Users should be able to create governed reports without vendor development.
07
Integrations
The solution must integrate with custodian, general ledger, document repository, SSO, data warehouse and business intelligence tools. Describe APIs, file transfer, implementation ownership and monitoring.
08
Security & AI
Security requirements are SOC 2 Type II, encryption, SSO/SAML, role-based access, audit logs, penetration testing and incident response. AI capabilities must meet: document extraction with citations, human review, tenant isolation and no model training on client data.
09
Implementation
Production launch within nine months, including five years of historical migration
10
Support & service
Named implementation lead, administrator training, 24-hour critical response and quarterly service reviews
11
Proposal evaluation
Proposals will be evaluated using 30% functionality, 20% data quality, 20% security, 15% implementation, 10% service, 5% price. Vendors must disclose pricing, dependencies, exclusions and implementation assumptions.