Mind the Gap: A global survey of private markets reporting practices
This survey shows that the median LP receives a standardized reporting template from more than half of its GPs.
LPs with larger assets under management are more likely to receive standardized templates (which tend to be more detailed). This seems to reflect the stronger negotiating position of LPs with larger financial resources, in making data requests.
Better performing GPs submit Reporting Templates in addition to proprietary Quarterly Reports relatively more often. They may be happier to provide granular detail on their financial performance and may also be keener to allow LPs to more easily compare their performance with their peers.