Please see below for a consolidated source of information from ILPA pertaining to the COVID-19 global pandemic.
ILPA Event Information
Click here for more the most up-to-date information pertaining to ILPA's Event Schedule (including Institute courses, conferences, industry roundtables, and other networking events)
ILPA Town Hall: Glass Half Full? Capital Calls, Cash Flow And Liquidity In Uncertain Times (May 21, 2020)
ILPA hosted an interactive Town Hall where the expert panel looked at capital calls, cash flow and liquidity during the current COVID-19 crisis. The audience-driven discussion delved into how LPs are navigating a number of variables in managing their liquidity and commitment pacing in these uncertain times. The replay is available here for members who were not able to participate in the live webcast.
Drawing on the May 21st town hall, as well as other conversations with members via our LP Insights program and ILPA Connect Platform, ILPA has released a synthesis of the issues that are top of mind for LPs right now. Click here for ILPA Insights - LP Perspectives on Capital Calls, Cash Flow, and Liquidity.
ILPA Interactive Town Hall: Key Conversations for Smoother Operations in Rough Seas (May 7, 2020)
ILPA hosted an interactive LP-GP Town Hall featuring seasoned IR professionals from leading GP firms and a seasoned LP CIO to review communications best practices, valuation conversations, engagement with portfolio companies, and changing GP tactics to protect the portfolio and capitalize on new opportunities. The replay is available here for members who were not able to participate in the live webcast.
Drawing on the May 7th town hall, as well as dozens of conversations with members in recent weeks, ILPA has released a synthesis of the issues that are top of mind for LPs right now. Click here for ILPA Insights – LP & GP Perspectives on Key Conversations for Smoother Operations in Rough Seas.
Webinar - Through the Wire - Working from Home as an LP (April 30, 2020)
ILPA hosted an interactive discussion about working virtually in the COVID-19 era to help LPs understand approaches others are using to strengthen operations and team dynamics. Close to 100 individuals joined the discussion live to share their opinions on topics including the merits and drawbacks of virtual due diligence, and when they believe normal business travel will resume. The replay is available here for members who were not able to participate in the live webcast.
Drawing on the April 30th webcast, as well as dozens of conversations with members in recent weeks, ILPA has released a synthesis of the issues that are top of mind for LPs right now. Click here for ILPA Insights - Through the Wire - Working from Home as an LP.
ILPA Interactive Town Hall: COVID-19's Impact on PE Portfolios and LP Operations (March 26, 2020)
ILPA hosted an interactive Town Hall where members of ILPA's Board of Directors discussed emerging and anticipated patterns in deal volume and pricing as well as shifts in LP internal operations in response to the crisis. The replay is available here for members who were not able to participate in the live webcast.
Drawing on the March 26th town hall, as well as dozens of conversations with members in recent weeks, ILPA has released a newly published synthesis of the issues that are top of mind for LPs right now. Click here for ILPA Insights – LP Perspectives on COVID-19.
ILPA Policy Engagement
On March 31st and April 2nd, ILPA sent letters to the U.S. Treasury (“Treasury”) and U.S. Small Business Administration (“SBA”), and the Federal Reserve and U.S. Treasury respectively to ensure access to government-backed lending facilities established to help companies and employees during the COVID-19 crisis. These lending facilities were established as part of recently signed legislation titled the Coronavirus Aid, Relief and Economic Security Act (“CARES” Act), which was passed on March 27, 2020.
Regional Economic Stimulus Package Summaries
As countries around the world have been dealing with the impact of COVID-19 on their economies, a variety of economic stimulus
measures have been implemented to provide support for workers and businesses in those countries. These measures will have an indirect
impact on LPs by providing potential vital financial support for portfolio companies of venture capital and private equity funds. ILPA
is committed to keeping you informed about the impact of these programs so you can be informed about the options for the investments in your
portfolio.
Click here for an overview of United States economic stimulus measures
Click here for an overview of Canada economic stimulus measures
Click here for an overview of EU and EEA economic stimulus measures
Click here for an overview of UK economic stimulus measures
Click here for an overview of Australia economic stimulus measures
Podcasts
ILPA CEO Steve Nelson was recently interviewed on Ted Seides' Capital Allocators podcast. Topics include the most important needs of private asset allocators before this crisis, their focus during this challenging period of time, and the current status of capital calls, position marks, subscription lines, communication between managers and clients, impacting investing, and the outlook for ILPA’s efforts going forward.
https://capitalallocatorspodcast.com/2020/04/08/nelson/
ILPA Managing Director, Industry Affairs Jennifer Choi sits down with Cadwalader’s Mike Mascia on "Fund Finance Friday: Industry Conversations" to give an update on how the investor community is weathering the disruption, the state of capital call activity, communication levels between GPs and LPs and investor sentiment on their liquidity positions.