LP Toolkit/LP New-Manager Commitment Budget Calculator
LP New-Manager Commitment Budget Calculator
Plan how much an LP can commit to new private equity and VC managers after re-ups with current managers.
Questions this calculator answers
- If our budget is $300 million and fund re-ups use $180 million, how much is left for new managers?
- If we set aside another $30 million, how much would remain for new managers?
- At $30 million per new fund, how many new funds could our budget cover?
Annual commitment capacity at a glance
Estimate based on the inputs shown.
New manager budget
$120m
40.0% of the annual commitment budget remains for new managers.
Reserved share of budget60.0%Re-up and other reserved commitments divided by the annual budget.
New-manager share40.0%Available new-manager budget divided by annual budget.
Full new-manager capacity4 managersWhole commitments at your chosen average size that fit within the budget.
Budget after full slots$0.00mThe budget left after those whole commitments.
How it is calculated
New manager budget = annual budget − re-up reserve − other reserved commitments
The model rounds down to whole commitments at your chosen average size.
Read the result in context
Separate re-ups from the budget for new managers to see how your LP programme could grow. This splits a commitment budget. It does not forecast calls, cash returned or NAV.
Why round capacity down?
It counts only whole commitments at your chosen average size.
What belongs in other reserved commitments?
Include approved commitments that are outside your re-up reserve but use part of the budget for new managers.
Does this model cash calls?
No. It only splits the budget for commitments.