Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 2410 In 2016, the ILPA grew more quickly than ever before, expanding by more than 15% overall. Most compelling is the composition of these new members with nearly 45% coming from outside the US, including 25% of new members from Europe, broadening the global character of our ideas and our voice. Other accomplishments include: • The ILPA is more representative of the full range of institutional investors than ever before.More new members came from family offices,endowments and foundations than from any other types of investors; it is encouraging to see the ILPA’s longstanding members being complemented by new participants with new perspectives.Today, the ILPA represents almost half of the world’s institutional assets under management in private equity, and has never been more influential as the global voice of investors. • While adding new members to the ILPA community was a major priority, 2016 also saw a renewed emphasis on member engagement. An onboard- ing process was implemented to introduce new members to the resources available to them as part of the ILPA, such that they will be able to make better use of their memberships. • A new structure for membership contributions was introduced to eliminate “user tiers”, ensuring that each organization can offer the ILPA’s platform and resources to its entire team. Because of this, more individuals from more functional areas of our members’ teams were engaged in the ILPA community than ever before, expanding beyond the front office invest- ment team to back office, legal counsel and more. These professionals continue to be primarily focused on private equity, but also on other private markets such as energy and infrastructure. Looking to 2017, the ILPA will be upgrading its technology infrastructure so that engagement can be tracked more effectively, with activities increasingly targeted to those members who will most benefit from them. Additional member benefits will be pursued to complement those which helped draw new members to the community in 2016, such as additional offerings from the ILPA Institute, new and more substantial events, and more discounts with valued service providers. As the membership continues to grow, it will become more important to en- sure that members are able to engage with the ILPA on demand, on their own terms. The intent is to include more local activity in the global centers around the world, as well as increasingly bringing together subsets of the membership that share particular priorities. As these initiatives are implemented, the ILPA hopes members are able to create new bonds based on a range of commonali- ties, while protecting the core promise of the organization: A global community of LPs, collectively magnifying their impact on their returns and their industry. TODAY,THE ILPA REPRESENTS ALMOST HALF OF THE WORLD’S INSTITUTIONAL ASSETS UNDER MANAGEMENT IN PRIVATE EQUITY,AND HAS NEVER BEEN MORE INFLUENTIALAS THE GLOBALVOICE OF INVESTORS. MEMBERSHIP Maurice Gordon Managing Director, Head of Private Equity, Guardian Life Insurance Corporation of America ILPA Membership Committee Chair