Institutional Limited Partners Association

Institutional Limited Partners Association (ILPA)
Institutional Limited Partners Association Logo
Formation 2002
Type Trade association
Purpose Private equity
Membership
300+ institutional investors
Website www.ilpa.org

The Institutional Limited Partners Association (ILPA) is a trade association for institutional limited partners in the private equity asset class.

The ILPA was founded in the early 1990s. ILPA was co-founded by Private Equity Hall-of-Famer, Thomas B. Judge, Sr. in the early 1990s.[1]

Membership

Members of ILPA include public and corporate pension funds, endowments, foundations, insurance companies. According to the ILPA, its membership totalled more than 300 investors representing over $1 trillion in private equity investments.[2]

The limited partner investor universe in private equity has historically been highly fragmented and individual investors, even the largest investors, often have limited ability to negotiate the terms of the individual private equity funds to which they commit.

ILPA's education and networking functions allow greater communication and collaboration between investors. ILPA was actively involved in discussions centering on the adoption of fair value accounting under of FAS 157.[3][4]

ILPA Private Equity Principles

In September 2009, ILPA released a set of guidelines, the Private Equity Principles,[5] intended to provide a common set of terms which institutional limited partners could use as the basis for negotiation with fund managers.[6]

See also

References

  1. ↑ http://www.legacy.com/obituaries/nytimes/obituary.aspx?pid=170154699
  2. ↑ Institutional Limited Partners Association Board
  3. ↑ Mulvihill, Roger Fair value reporting for illiquid investments: ready or not here it comes. AltAssets.com, December 12, 2007
  4. ↑ Fulman, Ricki. "Private equity organization grows". Pensions & Investments, November, 2001
  5. ↑ Private Equity Principles, ILPA website
  6. ↑ Institutional Limited Partners Association (ILPA) releases the ILPA Private Equity Principles. Reuters, September 8, 2009

External links


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