Free private markets document generator
Private Markets Manager Re-Up Planning Memo
Create an LP manager re-up planning memo covering track record, current-fund performance, relationship value, terms changes, portfolio fit, risks and decision conditions. Frame a prospective manager re-up before the successor-fund fundraising process accelerates.
What this generator covers
Inputs used by the document
- Manager & track record: Manager, Re-up context, Strategy, Track record
- Re-up assessment: Current-fund assessment, Expected terms changes, Relationship value, Portfolio fit
- Decision plan: Diligence priorities, Key risks, Planning decision
01
Executive summary
The manager is expected to raise its successor fund within the next 12 months; the LP is assessing re-up intent and diligence priorities.
02
Manager strategy
North American growth equity focused on enterprise software and healthcare technology.
03
Track record
Funds I-III: 2.1x net TVPI, 0.72x DPI and 18.4% net IRR; recent vintages remain substantially unrealized.
04
Current-fund assessment
Fund III is 68% invested, on plan for company count, with valuation exposure concentrated in 2021-2022 entries.
05
Expected terms
Fund IV is expected to be 20% larger with unchanged 2% management fee, 20% carry and 2% GP commitment.
06
Relationship value
The LP receives regular access, transparent reporting and selective co-investment allocation.
07
Portfolio fit
A re-up maintains a core growth relationship while keeping strategy and manager exposure within policy limits.
08
Diligence priorities
Refresh references, assess unrealized valuation marks, test team succession, review terms and validate fundraising capacity.
09
Key risks
Realization delay, strategy drift, larger fund size and key-person dependence.
10
Re-up planning decision
Reserve capacity for a potential $25m re-up, subject to full successor-fund diligence and final committee approval.
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