Fund of Funds Pro Forma
Capital Markets Excel Template (Free Download)
Translate manager allocations, capital calls, distributions, fee waterfalls, and portfolio returns into a projected allocator view.
professionals from Deloitte
About this pro forma
This fund-of-funds pro forma turns the full Excel portfolio model into projected commitments, capital calls, distributions, NAV, fees, and net investor returns. Manager allocations across private equity, venture capital, hedge funds, and real assets remain connected to the underlying cash-flow and fee mechanics.
Use the projections to assess pacing, liquidity, portfolio concentration, fee drag, and net performance. Allocators, investment committees, family offices, and fund investors get a concise forward-looking output for portfolio construction and oversight.
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 Fund of Funds Pro Forma
- Projected manager allocation and commitment pacing
- Capital-call and distribution schedules
- NAV, fee, and waterfall outputs
- Gross and net return projections
- Portfolio concentration and liquidity views
- Allocator-level cash-flow and performance KPIs
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 does a fund-of-funds pro forma project?+
It projects allocations, commitments, calls, distributions, NAV, fees, and net returns across the manager portfolio.
Can it show fee drag?+
Yes. Management fees, performance economics, and waterfall mechanics flow into net investor returns.
Who uses it?+
Fund allocators, investment committees, family offices, and multi-manager portfolio investors use the output.
Can I test portfolio composition?+
Yes. Allocation and pacing assumptions can be flexed to compare portfolio construction scenarios.
Have more financial modelling questions? Contact us
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