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ILPA Virtual Institute: Operational Due Diligence for the Limited Partner (June)

ILPA's Operational Due Diligence for the Limited Partner (ODD) course, part of ILPA’s “Intensive” class series, provides an intensive experience for the participant seeking to integrate operational and investment due diligence. Participants will learn ODD process design, key risk areas and risk analysis. Building on the ODD processes, participants will explore the use of available legal protections and the steps needed to continuously monitor risk throughout the life of the fund.

This interactive course includes discussions, case work and exercises to inform participants of the role of the ODD process and examines current instances where it should be applied.

Who Should Attend?

This course is designed for investment, financial and compliance professionals who participate in or rely on the findings from operational due diligence activities to make investment and management decisions.

The ILPA Institute: Operational Due Diligence for the Limited Partner program is now sold out. Please click the registration tab to place yourself on the waitlist, or contact Mandy Ilk directly.

Spaces are available in the September and November Operational Due Diligence for the Limited Partner classrooms. Click the course date below for more information and to register:

September 21-22, 2021 Program

November 3-4, 2021 Program

Course Dates and Fees
June 17-18, 2021 (Virtual) 10am - 4pm EST

Member Early Bird rate: $1,199*

Member rate: $1,499

Early Bird Deadline: April 30, 2021

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

Key Learning Objectives

  • Understand the importance of a strong operational due diligence process within one’s portfolio
  • Design of appropriate processes specific to an institution’s needs
  • Examine ODD key risk areas and how they differ from investment risk
  • Conduct onsite visits as a part of the due diligence process
  • Construct a framework around results and risk of continuing to move forward with a manager
  • Review the legal protections in risk mitigation and the processes required to ensure they are kept in place
  • Monitor risk and develop processes to evaluate evolving conditions

PROGRAM LEVEL: Intermediate

PRE-REQUISITE: No pre-requisites are required to attend the program.

DELIVERY METHOD: Group-Live

CREDIT: 14 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]

Rebecca Brei

Lead Instructor

Rebecca is the Director of Operational Due Diligence at Aksia and her responsibilities include performing and managing operational reviews on alternative investments. She also provides ad hoc advice to clients and assists with special client and team-related projects. Rebecca also has experience conducting operational due diligence on European and Middle Eastern managers as she spent time in London helping to open Aksia’s European office. Prior to joining Aksia in 2006, Rebecca was a Fraud Investigations and Dispute Consultant for Ernst & Young in New York. She also worked for Ernst & Young’s Structured Finance Advisory Services. Rebecca graduated magna cum laude from Texas Christian University with a BS in International Economics and a BBA in Finance. She has earned the CAIA designation.

Simon Fludgate

Lead Instructor

Simon is Head of the Operational Due Diligence team and has over 25 years of audit, financial accounting, credit and operational due diligence experience. He manages a team of research professionals across Aksia’s North America, Europe and Asia offices dedicated to performing operational due diligence of alternative investments on behalf of clients. Prior to joining Aksia, he was Head of Operational Due Diligence and Deputy Head of Risk Management for Credit Suisse’s fund of hedge funds activities. Before that, Simon worked for KBC Financial Products (formerly D.E. Shaw Financial Products) as a risk manager. Simon also worked for Richard A. Eisner & Company (nka EisnerAmper LLP) in the audit department. Simon graduated from The State University of New York at Albany with a BS in Accounting and is a CFA charterholder and a CPA (inactive).

Michael Mazzola

Lead Instructor

Mike Mazzola is the recently retired Senior Vice President and head of Alternative Investments at MetLife where he was responsible for a global portfolio of private equity, hedge fund investments and direct middle market debt and equity investments from 2007-2017. At MetLife, Mike managed one of the largest global institutional private equity portfolios in the industry. From 1998 through 2007, Mike was involved in several private equity ventures including Inter- Atlantic Fund, a financial services industry focused venture capital fund, and formed GEF Private Equity Partners, a fund of funds platform for Gefinor USA, part of a Swiss family office. Mike is a graduate of the Simon School at the University of Rochester in 1985 with a major in Public Accounting and Finance. Mike attended New College of Florida earning a BA in Economics in 1983.

Debbie Kozole, Manager, Domestic Equities, Stellantis
Debbie Kozole, Manager, Domestic Equities, Stellantis
“I gained a new perspective on investing in private equity after attending the Portfolio Construction 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)
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)
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