Capital call notice
- Amount due on this notice
- $500,000
- Called before this notice, percent of commitment
- 35
- Called after this notice
- $2,250,000
- Called after this notice, percent of commitment
- 45
Every figure here comes from the numbers you enter and the method stated beside it: your own commitments, your own paid-in capital, your own distributions and residual value. This site publishes no benchmark return and no fund's performance. What your fund has returned to its investors is your figure, worked from your record, not ours.
The figures above start from a worked example ($500,000). Change any input and the answer updates as you type, the way it will on the LP letter.
Download the Capital call notice worked example (CSV)
This worksheet computes one investor's capital call notice from three numbers: their commitment, what has been called from them to date, and the percentage of commitment this call takes. It gives you the amount due on the notice, the percentage called before and after it, the cumulative amount called after it, and the uncalled commitment that remains, which are the five figures a capital call notice states and the ones an investor checks against their own record before they wire the money.
Rapportvo Pro
Keeping the record behind the figure
The worksheets are free. Pro is what happens after the figure is right: the call becomes a notice on the investor's record, the quarter's figures become the report that went out, and next year you can still see what was called from whom, when, and what they were told.
- Download the notice or the update as a file to send to the investor
- Your notices and updates without our name on them
- Save a call or a quarter's update and open it again next quarter
- Your fund's name and mark on every notice and update
- Every investor, call and distribution out as CSV in one go, for the administrator or the auditor
- Send the capital call notice or the update from inside the record rather than by mail merge
$29per month, whole fund
Start Rapportvo Pro PricingRapportvo Pro is $29 per month for the whole fund, billed monthly, and renews each month at that price until you cancel. The price and renewal terms are shown again before checkout.
What a GP asks before running the Capital call notice
Why a percentage rather than a dollar amount per investor?
Because a call must be pro rata: every investor is called for the same share of their commitment, so the fund decides the percentage once and the dollar amount follows per investor. Entering an amount per investor is how one of them ends up called for the wrong share.
What if the previous call has not been received yet?
Called to date is the sum of the notices issued, whether or not the money has arrived. An unpaid earlier notice is a receivable against the investor, not a reduction in what has been called; the record keeps the two apart.
Does the worksheet set the due date?
No. The notice period is in the partnership agreement and the due date is a date you state on the notice. The worksheet computes the amounts; the dates are the fund's.
What about recallable distributions?
If the agreement lets the fund recall distributed capital, the recalled amount raises the uncalled commitment. Enter called to date net of any recalled amount and the remaining uncalled figure is right; the worksheet does not track recallability itself.
Where the constants in this worksheet come from
ILPA Reporting Template, the capital account statement a notice reconciles to.