Continuation Fund Pro Forma
Private Equity Excel Template (Free Download)
Project GP-led secondary economics from portfolio transfer pricing and LP elections through asset exits and investor waterfalls.
professionals from Deloitte
About this pro forma
The underlying engine models a $300 million continuation vehicle acquiring a five-asset portfolio at a $260 million transfer price. It distinguishes Rolling LPs choosing to stay from New LPs entering the vehicle, then projects 15% base-case asset appreciation and realisations across a five-year hold.
Fees, transaction costs, administrative drag, and exit proceeds flow into separate return calculations for each LP group and the GP. Sponsors, secondary investors, and LP committees can evaluate pricing, alignment, and projected net distributions.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Continuation Fund Pro Forma
- Portfolio asset entry values, appreciation, and exit-year schedule
- Transfer price and continuation-vehicle sizing
- Rolling LP election and New LP commitment outputs
- Management fees, transaction costs, and administrative drag
- Gross-to-net proceeds bridge by realisation year
- Separate LP and GP distribution waterfall
- IRR and equity-multiple outputs by investor group
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What is a continuation fund pro forma?+
It projects the economics of transferring existing assets into a new vehicle for rolling and new investors.
How are LP groups separated?+
Rolling LPs and New LPs have distinct entry values, commitments, distributions, and return calculations.
Can I change the transfer price?+
Yes. The transfer price is an explicit assumption that flows through sizing and investor outcomes.
Who uses the output?+
GPs, LP committees, secondary buyers, and transaction advisers use it to assess pricing and alignment.
Have more financial modelling questions? Contact us
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