Free private markets document generator
New Private Markets Program Launch Plan
Create an LP launch plan for a new private markets program covering mandate, governance, resources, pacing, liquidity, manager selection and first-year milestones. Set out the decisions and operating work required to launch a disciplined private markets program.
What this generator covers
Inputs used by the document
- Mandate & governance: Institution, Launch context, Program mandate, Governance
- Operating design: Team & advisors, Manager selection process, Pacing plan, Liquidity controls
- Launch roadmap: Operating setup, First-year milestones, Launch risks, Recommendation
01
Executive summary
The institution is establishing a private markets program to complement its long-term public-market allocation.
02
Program mandate
Build a diversified 12% private markets allocation over five years through fund commitments and selective co-investments.
03
Governance
Investment Committee sets policy; CIO approves within delegated limits; staff owns diligence, monitoring and reporting.
04
Team & external resources
One dedicated investment professional, external legal counsel, fund administrator and specialist consultant support.
05
Manager selection process
Define sourcing universe, diligence standards, reference process, terms review and committee approval template.
06
Initial pacing plan
$35m-$50m of annual commitments across three to five relationships in the first two years.
07
Liquidity controls
Fund commitments only after base and downside cash-flow forecasts confirm call coverage.
08
Operating setup
Establish legal entities, capital-call procedures, data room, performance records, valuation controls and reporting calendar.
09
First-year roadmap
Approve IPS, onboard providers, complete manager universe, diligence priority managers and make first commitments.
10
Launch risks
Under-resourcing, rushed first commitments, weak data controls and liquidity planning gaps.
11
Recommendation
Approve the launch plan and authorize the stated operating setup and first-year pacing envelope.
How to use this document generator
Review the example assumptions, replace them with information from your own investment process, and check every statement against the governing documents and source data. The interactive version updates the draft immediately and can export it to Word or PDF without a login.
Template transparency
Draft status
This template creates an editable first draft. Review every statement against source data and governing documents.
Privacy and export
Inputs stay in your browser. Word and PDF exports are created locally and this page does not store your document.
Scope
This is a practical starting point, not legal, tax, or investment advice.
Template 1.0 · Reviewed 13 August 2026