PE Fund Pro Forma
Private Equity Excel Template (Free Download)
Translate fundraising, deployment, portfolio exits, fees and carried interest into a projected private-equity fund decision view.
professionals from Deloitte
About this pro forma
The underlying Excel model is the engine for commitments, management fees, capital calls, investment pacing, portfolio company cash flows, exits and distributions. Fund expenses, preferred returns, carried interest, recycling and NAV remain linked to investor-level outcomes.
Use the pro forma to plan fund pacing, assess liquidity, compare return cases and communicate LP economics. General partners, limited partners, fund-of-funds teams and private-markets analysts can stress deployment, exit timing and performance.
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 PE Fund Pro Forma
- Fundraising, commitments and capital-call schedule
- Investment pacing and portfolio-company deployment
- Exit proceeds, distributions and NAV projections
- Management-fee, expense and recycling mechanics
- Preferred-return and carried-interest waterfall
- Gross and net IRR, MOIC, DPI, TVPI and LP cash flow
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 the PE fund pro forma project?+
It projects commitments, calls, investments, exits, fees, distributions, NAV and net LP returns.
Can I test investment pacing?+
Yes. Deployment timing, follow-ons, exits and recycling assumptions shape fund cash flows.
Is carry included?+
Yes. Preferred return and carried-interest waterfall mechanics flow into GP and LP outcomes.
Who uses this output?+
GPs, LPs, fund-of-funds teams, investment committees and private-markets analysts use it for planning.
Have more financial modelling questions? Contact us
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