Institutional Limited Partners Association: Difference between revisions
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{{Infobox Organization |
{{Infobox Organization |
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| name = Institutional Limited Partners Association (ILPA) |
| name = Institutional Limited Partners Association (ILPA) |
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| image = |
| image = Institutional_Limited_Partners_Association_Logo.jpg |
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| size = 170 px |
| size = 170 px |
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| alt = Institutional Limited Partners Association Logo |
| alt = Institutional Limited Partners Association Logo |
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Revision as of 17:34, 10 September 2019
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| Formation | 2002 |
|---|---|
| Type | Trade association |
| Purpose | Private equity |
Membership | 500+ 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. It is headquartered in Washington, D.C. and has an additional office in Toronto, Ontario.
ILPA was founded in the early 1990s.[citation needed] 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, family offices, and sovereign wealth funds. According to ILPA, its membership totals more than 500 investors representing over $2 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. Its advocacy work seeks to improve transparency, governance and alignment of interests between limited and general partners in the private equity industry. 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] Since that time the Principles have been updated first in 2011, and more recently in 2019.
See also
References
- ^ http://www.legacy.com/obituaries/nytimes/obituary.aspx?pid=170154699
- ^ Institutional Limited Partners Association Board
- ^ Mulvihill, Roger Fair value reporting for illiquid investments: ready or not here it comes Archived 2008-05-28 at the Wayback Machine. AltAssets.com, December 12, 2007
- ^ Fulman, Ricki. "Private equity organization grows". Pensions & Investments, November, 2001
- ^ Private Equity Principles Archived 2010-08-20 at the Wayback Machine, ILPA website
- ^ Institutional Limited Partners Association (ILPA) releases the ILPA Private Equity Principles. Reuters, September 8, 2009
External links
- Institutional Limited Partners Association (official website)
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