Events & Training

Loading Events

« All Events

  • This event has passed.

ILPA Virtual Institute: Legal Documents (September)

The Legal Documents course, part of ILPA’s “Intensive” class series, provides participants seeking to deepen knowledge and skills an intensive understanding of the material legal documents used in the process of fund formation. Participants will examine the complexity created by legal documents and their supporting language, key economic considerations and other critical aspects of the investment process as it relates to the legal function.

This course takes an interactive approach incorporating lecture, modeling and negotiation exercises. The faculty include limited partner counsel serving leading institutional investors globally with a proportional and current market perspective. Required and suggested reading materials are sent to participants prior to the start of the session and include 2-3 hours of course preparation.

Who Should Attend?

This course is designed for those legal, compliance and financial professionals who currently need, or will need, to deepen their understanding of the negotiation process involving the terms and conditions of private equity investments.

Course Dates and Fees
September 15-16, 2021 (Virtual) 11:00 - 17:00 GMT /6am - 12pm EST

Member Early Bird rate: $1,199*

Member rate: $1,499

Early Bird Deadline: Extended August 13, 2021

* The Member Early Bird rate represents a 20% virtual discount from our standard rate.

Key Learning Objectives

  • Describe and differentiate core legal documents and typical structures
  • Apply an in-depth understanding of the economic and non-economic terms in limited partnership agreements
  • Identify issues that may arise in associated material agreements and use reasonableness checks, side letters and legal opinions to address them
  • Analyze general partner and advisory/management agreements to understand impact on the limited partner economics
  • Recognize the interdependent nature of legal terms and the relationships they imply for the negotiation process
  • Prioritize the most critical issues for your limited partner organization and anticipate general partners reaction

PROGRAM LEVEL: Advanced

PRE-REQUISITE: Three or more years of experience directly managing and monitoring a private equity program. Applicants with less than 3 years of experience are required to have completed the ILPA Institute Level I program and submit a letter of endorsement on company letterhead (sample letter available here). The letter of endorsement will establish that the applicant exhibits managerial and leadership potential. They must also demonstrate a level of professional poise and financial acumen necessary to contribute to a senior learning environment. Candidates will be accepted based on availability and subject to ILPA review. As the role of legal counsel does not traditionally include directly managing and monitoring a private equity program, exception will be made for internal legal counsel registrants based on having an acceptable amount of experience in the private equity industry.

PRE-READING: Reading materials will be sent to participants prior to the start of the session. These will include 2-3 hours of course preparation and required reading as well as suggested readings.

DELIVERY METHOD: Group-Live

CREDIT: 16 CPE Credits

CPE Sponsors logo

Institutional Limited Partners Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org

CFA Institute: ILPA members have the ability to earn CE credit for their participation in this program and can use their online CE tracker to document it. Any questions can be directed to the CFA Institute at [email protected]

David Parrish

Partner, DLA Piper

David B. Parrish’s practice primarily focuses on representing investors in reviewing and negotiating alternative investment documentation (including limited partnership agreements, subscription agreements, and private placement memoranda) and in negotiating and preparing of side letters. David is also experienced in co-investments and secondary market transactions, advisory board matters, general partner removal transactions and fund dissolution matters. His experience in alternative investments includes hedge funds, fund of funds, real estate funds, buy-out funds, venture capital funds, credit funds and infrastructure funds and he has experience dealing with Investment Company Act and Investment Advisers Act matters. David received his B.A. degree, with honors, in Political Science from the University of Texas – El Paso. He received his J.D. degree, summa cum laude, from the University of Houston Law Center.

 Debbie Kozole, Manager, Private Equity, Chrysler Group LLC
Debbie Kozole, Manager, Private Equity, Chrysler Group LLC
“I gained a new perspective on investing in private equity after attending the Module 2 program. I walked out of the course knowing what I should be looking for and how I should be looking at our private equity program. It provided hands-on experience and tangible takeaways that I was able to apply back in the office. In addition, the group interaction and ability to hear how my peers handle similar challenges was enlightening.”
(2011 ILPA Institute Level II Module 2 participant)
 Tom Heck, Chief Investment Officer, Ball State University Foundation
Tom Heck, Chief Investment Officer, Ball State University Foundation
“The Level II Module 2 program provided excellent focused content on practical PE issues. In particular, the sections on modeling and benchmarking provided great insight and valuable takeaways and tools.”
(2011 ILPA Institute Level II Module 2 participant)
 Gary Ometer, Chief Financial Officer, Virginia College Savings Plan
Gary Ometer, Chief Financial Officer, Virginia College Savings Plan
“The Level II Module 2 program was the first ILPA event I attended. The educational content and the quality of the materials in particular, were excellent. The information I took away on operational requirements, portfolio monitoring, and modeling was very useful in my day-to-day work. The speakers were very knowledgeable and provided great responses and insights to the groups’ questions. Finally, I truly enjoyed the opportunity to network with others in the industry. I look forward to attending future ILPA events.”
(2011 ILPA Institute Level II Module 2 participant)
 Natalia Ilmark, Investment Manager, Skandia
Natalia Ilmark, Investment Manager, Skandia
“The program provided excellent materials; which I plan to continue to use as resources in my current role. The speakers were very knowledgeable, unquestionably experts in their fields.”
(2012 ILPA Institute Level II Module 2 participant)
 Maria Cristina Albarracín, Head of Private Equity, Bancóldex S.A
Maria Cristina Albarracín, Head of Private Equity, Bancóldex S.A
“This program does a great job of covering key issues related to LP portfolio framework and management. The excel models were a valuable takeaway and I will be implement what I’ve learned when building my own spreadsheets.”
(2012 ILPA Institute Level II Module 2 participant)