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ILPA Virtual Institute: Portfolio Construction

The Portfolio Construction course, part of ILPA’s “Intensive” series, provides an intensive experience for the participant looking to build a successful investment portfolio and understand the dependent considerations. Participants will develop an understanding of how a successful private equity program is constructed and will learn to practically apply this knowledge to program considerations and portfolio design. This interactive course is delivered through a combination of expert lectures and case studies.

Who Should Attend?

This course is designed for experienced limited partner professionals who are responsible for constructing and managing a private markets portfolio or for those looking to develop a thorough understanding of the role of portfolio construction in the private equity investment process.

Course Dates and Fees:
Stay tuned for information on an additional 2021 course

Key Learning Objectives

  • Evaluate the role of private investments in a portfolio and their role in achieving objectives
  • Describe different private investment program strategies and appraise their associated risks
  • Asses private investment performance through different measurement techniques including correlations and risk measurement
  • Understand the resources required to execute and monitor a private investment program, including the option for provisioning third party services
  • Apply the data, analytical tools and techniques to model and assess a private equity program

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.

PRE-READING: Reading materials will be sent to participants prior to the start of the session. These will include 2-4 hours of required reading, course preparation as well as suggested readings.

DELIVERY METHOD: Group-Live

CREDIT: Earn 15 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 ceprograms@cfainstitute.org.

Andrea Auerbach

Head of Global Private Investment Research, Cambridge Associates, Cambridge Associates

Andrea is a Managing Director at Cambridge Associates and head of the firm’s global private growth research team responsible for researching markets and managers in private equity, growth equity, venture capital, distressed investments, private credit, secondaries, and funds of funds. She joined the firm in 2001 and led the ex-U.S. private equity and venture research effort for five years, and is currently head of the U.S. private equity research effort, in addition to her global responsibilities. Andrea’s private equity career spans over 20 years, starting in the Leverage Buyout Group at Prudential Insurance, where she led early efforts to benchmark Prudential’s $5 billion buyout portfolio, and domestic and European fund investment portfolios, among other responsibilities. Andrea was named one of the 100 most influential people in private equity over the past decade by Private Equity International magazine. Andrea received an MBA from Harvard Business School and a BA from Smith College.

 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)