ILPA Institute Online Self-Paced Programs
Although ILPA primarily serves Limited Partners and their beneficiaries, we’re continually working to strengthen our industry. Whether you’re working within the private markets industry or interested in what it is all about, our introductory, self-paced programming is for you. We offer online classes on The Fundamentals of Private Equity, The Economics of Private Equity and Audited Financial Statements to offer an “anytime, anywhere” learning experience.
Introduction to Private Equity Courses
The Fundamentals of Private Equity and The Economics of Private Equity, are designed for those new to the asset class and the Audited Financial Statements course is designed for the back and middle office professional looking to understand a fund audit.
Each interactive online program provides approximately two hours of self-paced content and will provide registrants the opportunity to learn from the team behind ILPA’s renowned ILPA Institute programming.
Registration Fees: $499 USD per program
The Fundamentals of Private Equity
This course will walk participants through the basics of the Private Equity asset class and provide a foundational understanding of key terms and roles in private markets. Participants will be able to identify the various structures within the industry, the different investment strategies and teams responsible for portfolio management and investment decisions.
Key Learning Objectives:
- Identify and establish fluency with key private equity terms
- Define the roles within limited and general partner organizations as they relate to the investment process
- Understand how the limited and general partner relationship functions and potential impacts to the investment
- Use different private equity investment strategies and determine when they are appropriate
Download the program one-pager
The Economics of Private Equity
This course will walk participants through the basics of the Private Equity asset class and the typical economic arrangements structured between Limited and General Partners and other parties. Participants will gain exposure to the standard flows of monies through the private equity investment process as well as ways to evaluate returns, overall performance and post-investment monitoring.
Key Learning Objectives:
- Understand the lifecycle of private equity fund investments and the rationale for their economic structures
- Decipher how profits are calculated and shared between General and Limited Partners and the history and motivations for doing so
- Connect key terminology in the Limited/General Partner relationship and their impact on fund performance
- Utilize performance indicators and benchmarking in performance evaluation
Download the Program One-Pager
Audited Financial Statements
This course will walk participants through the key elements of a fund audit and how to review and interpret financial statements of private funds.
Participants will learn the key steps in the audit process, how audit opinions are formed, and what LPs should
look for when reviewing key statements such as asset, liabilities and partners’ capital; operations; changes in partners’ capital, cash flow and the schedules of investments, as well as footnote disclosures.
Key Learning Objectives:
- Understand the purpose and the objective of the audit; what comfort do we derive from it and what are the
limitations - Understand what an audit process entails and address the limitations
- Learn key considerations for an audit opinion and what LPs should know
- Assess the important issues that LPs need to consider when examining the fund financial statements and
related schedules - Understand the essential elements contained in the footnotes to the financial statements
Download the Program One-Pager
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