Commitment and Investment
Total Commitments (Base Currency)
This is the total amount of capital committed to the Investment by all investors. Total Investment Level Commitments should represent equity commitments only. Open-end vehicles should report the Fund’s net asset value at quarter end.
Total Client Commitment (Base Currency)
This is the total amount of capital committed to the Investment by this individual client. Total Client Commitment amount may differ from Capital Invested to date + Unfunded Commitments due to a reinvestment of capital during the Investment period, reallocations of interest before the final close, offering costs, fees paid outside of the commitment and commitments set aside for reserves. Open-end vehicles should report the client’s commitment to the Investment.
Reserve Client Capital Commitment (Percent)
The percentage of additional capital committed above Total Client Commitment per legal documents, to the Investment for reserves that may or may not be called at the manager’s discretion.
Reserve Client Capital Commitment (Base Currency)
The amount, expressed in the base currency of the Investment, of additional capital committed above Total Client Commitment per legal documents, to the Investment for reserves that may or may not be called at the manager’s discretion.
Reserve Client Capital Funded To Date (Base Currency)
This is the total amount of Reserve Client Capital that has been funded to the Investment by the client.
Reserve Client Capital Unfunded Commitments (Base Currency)
This is the balance of the Reserve Client Capital Commitment to the Investment which remains to be called at the Manager’s discretion.
Client Percentage Ownership (Pro Rata) (Percent)
The client’s percentage ownership of the Investment based on Total Commitments. Open-end vehicles should report the client’s percentage ownership of the Investment based upon net asset value at quarter end (Client NAV/Total Fund NAV).
Capital Funded to Date (Base Currency)
This is the total amount of capital that has been funded to the Investment by the client, inclusive of fees and expenses. Open-end vehicles should not include fees in this field as fees are not called from investors nor funded by investors via capital contributions.
Recallable Capital (Base Currency)
Represents distributed capital which may or may not be recalled from an investor. Recallable capital increases unfunded commitments.
Unfunded Commitments (Base Currency)
This is the balance of the Total Client Commitment to the Investment which remains to be called for the Investment.
Total Capital Invested (Excluding Cash & Fees) (Base Currency)
This is the total amount of capital that has been funded to the Investment by the client, exclusive of fees and expenses.
Balance Sheet
The Balance Sheet Information should be completed on a client specific Investment basis, where applicable. This should be very straightforward for equity Investments. For other Investment structures such as, but not limited to, mortgages and equity REIT Investments, the net asset value of the Investment should be included in the "Gross Real Estate Asset" field.
Gross Assets (Base Currency)
The full capitalization of assets, inclusive of debt and equity.
Cash And Short Term Investments (Base Currency)
Any capitalization that is kept as cash or cash equivalents.
Other Assets (Base Currency)
Any other assets that are not cash or direct Investments.
Mortgages Payable (Base Currency)
The amount of third party debt held by the Investment collateralized by underlying assets.
Other Liabilities (Other than 3rd Party Debt) (Base Currency)
All other forms of debt held by the Investment such as lines of credit, etc.
Investment Level LTV (Includes Investment Level debt) (Percent)
Loan-to-Value Ratio, which reflects all leverage, including mortgage payables, subscription facilities, lines of credit and all other forms of leverage not specific to an individual asset. Calculated as total debt divided by total assets.
Income Statement
Income, before fees (Base Currency)
Net Investment Income, which is net of debt service before deduction of capital items (e.g., roof replacement, renovations, etc.).
Appreciation, before fees (Base Currency)
Increase or decrease in Investment's value based on internal or third party appraisal, recognition of capital expenditures which did not add value, uncollectible accrued income, or realized or unrealized gain or loss.
Fees charged for the quarter, such that when subtracted from gross income equals the client's net income for the quarter. It is important to include all fees including any accrued incentive fee, carried interest or promote that is to be paid by the client. It may be necessary to include additional contributions in the cash flow section to reflect the proper total contributions when including fee payments / fundings. This is very important for those Investments that require investors to fund Investment Management fees to a different entity which does not hold the Investments.
FEE BREAKDOWN [Actual and Accrual] (Should total to Fees)
Investment Management (Base Currency)
Any fees accrued or paid related to investment/asset management services.
Acquisition (Base Currency)
Any fees accrued or paid related to the acquisition or purchase of Investment(s).
Disposition (Base Currency)
Any fees accrued or paid related to the disposition or sale of Investment(s).
Incentive (Base Currency)
Any fees accrued or paid as an incentive to the manager, the amount of which depends on the manager’s performance.
Any other fees accrued or paid that do not fall into the aforementioned fee definitions.