Secondaries Pro Forma
Private Equity Excel Template (Free Download)
Turn secondary position, vintage, fee, and exit assumptions into a fund-level pro forma for LP return and allocation decisions.
professionals from Deloitte
About this pro forma
This pro forma translates secondary investments into projected fund cash flows, portfolio composition, fees, carry, J-curve behaviour, IRR, and MOIC. The underlying Excel model is the calculation engine; the pro forma presents the resulting LP-view return profile clearly.
Use it to evaluate acquisitions, compare vintages and strategies, set LP expectations, and test pricing, timing, fees, and exits.
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 Secondaries Pro Forma
- Secondary position cash flow projections by vintage
- Portfolio composition by fund vintage and strategy
- Management fee, expense, and carry impacts
- J-curve and fund maturity projections
- Weighted average IRR and MOIC by vintage
- Return contribution and scenario comparisons
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 it show?+
It shows projected fund cash flows, portfolio mix, fees, carry, J-curve, IRR, MOIC, and return contribution.
Is it LP-view or manager-view?+
It is structured as an LP-view framework for evaluating secondary fund returns.
Can I compare vintages?+
Yes. Position and return outputs can be analysed by vintage and strategy.
Who uses it?+
LPs, secondary funds, investment committees, and private markets analysts use it.
Have more financial modelling questions? Contact us
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