ILPA has released two comprehensive, Delaware law-based model LPAs that can be used to structure investments into a traditional private equity buyout fund, including either a “whole of fund” distribution waterfall or a “deal by deal” distribution waterfall economic arrangement.
Go to Updated Portfolio Company Template
Updated Portfolio Company Template
Review ILPA’s updated Portfolio Company Template and provide feedback during our open comment period.
Model Documents / TemplatesTemplates, Standards & Model Documents07/22/2026