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 DRAFT: Updated Portfolio Company Template
DRAFT: 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