Model Subscription Agreement (PDF)

In an effort to streamline fundraising, increase clarity and improve the efficiency of capital formation, ILPA released a model subscription agreement (MSA) for private equity funds in December 2017. Developed by legal counsels representing the private equity industry, the modular, multi-jurisdictional document provides a balanced, off-the-shelf solution which can be easily customized to meet the needs of fund managers and their investors, saving significant time and cost.