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 2415 IN ADDITION TO THE SUCCESS OF ILPA INSTITUTE, MEMBERS ENJOYED ACCESS TO A DIVERSIFIED COLLECTION OF OFFERINGS INCLUDING TIMELY, RELEVANT WEBCASTS AND THE LAUNCH OF OUR VIRTUALTOWN HALL SERIES. Institute Reflections The ILPA Institute has enhanced my program with regards to the art and science of investing in private equity. I have put into practice much of what I have learned. Instructors drew upon a vast trove of experiences and knowledge, which led to engaging discussions among the students. The courses present a framework for man- aging complexity in private equity and a sensitivity to nuance, which is critical as this asset class has changed and evolved. Dennis Montz Sentinel Trust As a graduate of the ILPA Institute Level II program, I look back at my experience as one that has brought immense value to both my profes- sional and personal life. I think the best things about the ILPA are the networking opportunities, the case method approach, which allows you to challenge your own assumptions and hear from your peers, the quality of the teachers, and the helpful staff involved. Arlen Hodinh Texas County and District Retirement System The ILPA Institute courses have been a rewarding experience; the relevant and timely content, the exceptional speakers and the numerous network- ing opportunities have made every session I have attended a positive one. The dynamic classroom environment encourages peer-to-peer interaction as well as open and interactive dialogue with the speakers. I have found all levels of the program valuable and thoroughly enjoyed the LP-only learning environment. Andrew Kaplan MetLife The ILPA 2016 Annual Report