World-Class Private Equity Executive Education
Developed for Limited Partners by Limited Partners
About the ILPA Institute
Since its inception, ILPA has regarded education and professional development for private equity professionals as a top priority for its members. The creation of the ILPA Institute fulfills a long-time goal of providing a structured, comprehensive executive program designed from the perspective of the limited partner. This world-class program is prepared exclusively for ILPA providing the unique environment of learning and discussing current issues with a group of peers from such diverse backgrounds and locations, delivered by leading instructors.
Our sessions feature interactive collaborative formats, allowing members to learn from their peers while also receiving formal instruction. Whether you’re new to the asset class or are an experienced private equity professional our unique program will provide you with:
- A comprehensive overview of the mechanics of the industry
- Clear and practical approaches for limited partners investing in private equity
- Current practices and latest trends in investment strategies in the asset class
- World-class faculty and comprehensive curriculum geared to limited partner professionals
- Peer-to-peer networking opportunities
ILPA Institute Programs
ILPA INSTITUTE LEVEL I
This introductory course is designed for limited partners who are new to the private equity industry or who wish to gain a broader understanding of the asset class. This program is offered twice yearly in collaboration with the University of Chicago Booth School of Business.
ILPA INSTITUTE LEVEL II
(Can be taken in any order)
The advanced level courses are designed for senior level private equity professionals, in a five-part modular series, that can be completed in any order.
Module 1: Legal Documents
Participants will gain a deeper understanding of limited partnership agreements and other documents that govern and/or affect private equity limited partnerships and the interconnected nature of these documents. Upon completion, participants will be able to comfortably identify the more salient terms of these documents and apply best practices when negotiating terms.
Module 2: Portfolio Construction
Participants will examine strategic considerations and techniques used to design and manage private equity investment programs. In addition, this course will provide a comprehensive understanding of portfolio level deliberations and detail the core skills and methods that provide a programmatic approach to portfolio design, program execution, and risk management.
Module 3: Executing LP Roles and Responsibilities
Participants will use the case study method to discuss various tools and techniques for executing limited partner roles and responsibilities. Significant attention will be given to pre- and post-investment fund/manager diligence, active portfolio management, and secondary and co-investment opportunities.
Module 4: An Inside Look at Private Equity Managers
Participants will engage in a number of case studies to explore practical and credible areas of concern across the spectrum of general partner operations and team management. Participants will get an inside look at general partner and management company governance models and review practices that relate to these entities, their members (compensation, ownership, authority, operations, etc.) and the investment vehicles that they manage (managing conflicts of interest, and other considerations).
Module 5: The General Partner Framework for Creating Value
Participants will explore the different strategies and tools used by general partners to measure and model the impact of the key value drivers of each portfolio company, namely cash flow generation/debt pay down, earnings growth and multiple arbitrage. Buyout, growth equity, venture, mezzanine and distressed strategies will be addressed.
Specialist Series: Secondary Fund Modeling
Participants will learn the general framework and tools to understand the key drivers to assess a secondary opportunity from the varying perspectives of the buyer, seller and general partner. Participants will be exposed to all the major quantitative and qualitative considerations with an interactive case study that will further their understanding of function and execution that can be applied outside the course.
Specialist Series: Private Credit
This course will provide a comprehensive overview of private credit investing, from defining the asset class and manager selection to portfolio construction and risk monitoring and will offer participants the tools and knowledge to screen GPs, while providing them with the framework for private credit portfolio construction and the techniques to complete ongoing loan-level risk monitoring.
The ILPA Institute is open to qualified limited partners. ILPA Membership entitles professionals to discounted course fees, but is not required to attend. To review ILPA Membership criteria, click here. If your organization is a member of ILPA, click here to view additional program details. If you are not an ILPA member and wish to get more information about course registration, please contact our membership team at [email protected].