The ILPA is the only global, member-driven organization dedicated exclusively to advancing the interests of private equity Limited Partners through industry-leading education programs, independent research, best practices, networking opportunities and global collaborations.
Initially founded as an informal networking group, the ILPA is a voluntary association funded by its members. The ILPA membership has grown to include over 400 member organizations from around the world representing over US $1 trillion of private assets globally.
- Founded in the early 1990s as an informal networking club
- Began with 15-20 members, meeting semi-annually
- Core activities included networking, information sharing, and education
- Confidentiality of the forum was highly valued; easy to build trust given small size of group
- Only global organization dedicated to the interests of Institutional Limited Partners in private equity
- Over 400 member organizations spanning all categories of small and large institutions including: Public Pensions, Corporate Pensions, Endowments, Foundations, Family Offices, and Insurance Companies
- International representation from North America, UK, Europe, Asia, Australia, South America, New Zealand and the Middle East
- Membership represents well over US $1 trillion in private equity assets under management
- Members meet semi-annually in a LP-only forum
The goal of the ILPA is to continue to evolve the organization’s research and education platforms and build out best practice tools for use by industry professionals. Under the research platform, the ILPA addresses key issues that impact private equity, including regulatory reform, risk management, and the amount of capital circulating in the industry. The creation of the ILPA Institute fulfils a long-time goal of providing a structured, comprehensive executive education program designed from the perspective of the limited partner. The most recent version of the ILPA Private Equity Principles was published in January 2011 together with standardized reporting templates for Capital Calls and Distribution Notices. In an effort to enhance and improve investor reporting and transparency, the ILPA also constructed the Quarterly Reporting Standards in collaboration with general partners, auditors and industry third-parties. The ILPA strongly believes that the limited partner and general partner communities will mutually benefit from these best practices and by working collaboratively to seek business solutions that support investment value creation.
In addition to the annual ILPA Summit, the ILPA hosts a Members' Conference, European Forum and several Global Events throughout the year to allow its members the opportunity to connect with their fellow LPs. The goal of facilitating quality networking opportunities and providing an environment that encourages long-term relationship building remains a priority for the organization.