Best Practices for Relationships with Insurance Company Limited Partners

In 2019, the ILPA Insurance Network, a subset of the ILPA membership that comprises limited partners investing on behalf of insurance companies, developed guidance which provides considerations for General Partners who wish to improve their engagement with US-based Insurance LPs. The guidance focuses on disclosures and reporting requirements, ownership and control provisions, partnership structures and tax issues.

We encourage appropriate stakeholders to use this guidance as a road map to set mutual expectations when entering into a private equity partnership. It is to be used as a companion and in conjunction with ILPA Principles 3.0, which was published in June 2019.