ILPA Emerging Manager Toolkit
The documents in the Toolkit include those that can be utilized as a starting point in the fund formation process, including a subscription agreement and limited partnership agreement, and tailored to the specifics of a particular fund strategy and approach. There are also further templates and tools that can assist managers during the operation of their fund during the investment period, including a capital call and distribution notice, a reporting template for fees and expenses, and guidelines on the use of subscription lines. Fundamentally, the Toolkit is designed to maximize and expand the partnership between LPs and GPs throughout the fund’s life and build trust, transparency and alignment for the long-term.
The toolkit consists of the following documents:
Model Subscription Agreement
Guidance on Subscription Lines of Credit and Alignment of Interests
Capital Call & Distribution Template
Quarterly Reporting Standards
ILPA Fee Template
ILPA Principles 3.0
ILPA Model NDA
For additional information on these materials, please contact the ILPA Industry Affairs team at [email protected].