Free private markets document template
Private Markets Program Launch Plan Template
Create an LP launch plan for a new private markets program covering mandate, governance, resources, pacing, liquidity, manager selection and first-year milestones.
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.