Attracting, retaining and incentivizing talent is a critical challenge for Limited Partner (LP) organizations. LPs have difficulty finding and attracting talent, have questions regarding the market for compensation and find that even advanced hires require some degree of training. Further, retaining talent has proven quite difficult. LPs struggle with career path ambiguity and limitations, incentivization and frequently weigh competing offers from both within the LP and they GP communities.
ILPA has a suite of resources available to help LPs address their talent needs and questions.
Visit ILPA Connect to discuss Talent in a member-only forum.
ILPA's Private Markets Edge Q1 2021 lead topic is LP Talent. The Q1 issue defines the talent challenge and drills down on how to approach compensation. Featuring a video interview with a talent expert from Heidrick and Struggles and two member spotlights the issue is a great starting point for members considering how to successfully approach attracting, retaining and incenting talent. Check out pages 6 - 11 for more info!
This summary document provides an excellent overview of the challenges LPs face when attracting and retaining talent. It further details differences and similarities in these challenges across LPs of different size and structure.
LP Perspectives on Talent is the result of over 50 LP Insight calls with members who have specifically expressed talent as a priority, 17 in-depth hour-long calls exclusively focused on talent concerns and solutions and a survey over 34 ILPA members. In total, this summary represents the perspectives of 75 individuals from 60 unique organizations.
Since 2010, ILPA has conducted a member-wide survey to capture compensation practices across the industry, giving ILPA members a window into peer practices. The most recent survey above was issued in 2019 - its annual update will be released in December 2020.
The ILPA Institute provides world-class, executive education through a variety of course offerings ranging in level from an introduction to the asset class, appropriate for all LP professionals, to in-depth career-specific trainings.
ILPA’s flagship courses are offered in Chicago and in London, but many ILPA courses can be taken with a cohort of LP professionals locally or in a virtual format. New, learn at your own pace, courses that are specifically designed for those new to the asset class are a terrific asset to HR professionals as they look to onboard new employees.
The full institute offering for 2021 will be announced this fall. To learn more about the ILPA Institute, contact Mandy Ilk at [email protected]
The ILPA Institute Online is a new platform that gives ILPA members an additional option for continuing their professional education and is comprised of asynchronous, online courses that were created in conjunction with some of the leading subject matter experts in private equity.
The first two courses available, the Fundamentals of Private Equity and the Economics of Private Equity, are the perfect courses for any individual who is new to the asset class, and they represent a convenient, thorough onboarding experience for new hires within your organization.
Get in touch with Mandy Ilk at [email protected] for more information on these courses or reach out to learn how to register yourself or members of your team for these courses.