Q & A Database

The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.

Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.

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  • Archived

    Effective: 1 January, 2006 - 31 December, 2019
    Categories: Private Equity
    Source: Interpretive Guidance for Private Equity

    How should side-by-side funds be handled?

    For funds that may have an auxiliary parallel or “side-by-side” fund vehicle, that vehicle should be included in the performance calculation for the entire fund. An acid test for deciding whether to include such a vehicle in the performance calculation is:
    If a parallel or side-by-side vehicle’s capital is included to determine the entire fund’s capitalization (so called “capital under management”) then that parallel or side-by-side vehicle should be included in the performance calculations of the entire parent fund. Performance can be calculated separately for the fund vehicle as additional information but is required to be included in the calculation for the parent.

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