The past year was one of meaningful expansion for ILPA’s educational offerings. The ILPA Institute remains the cornerstone of our platform; our courses in 2018 were well attended with close to 700 professionals participating during the year. We held 14 courses in Chicago, San Francisco and London which included our Level I: Introduction to Private Equity with the University Chicago Booth School of Business as well as our Level II Modules on Legal Documents, Portfolio Construction, LP Diligence, PE Managers and GP Value Creation. In addition to our existing Specialist Series on Secondary Fund Modeling, ILPA also developed with Aksia a course dedicated to Private Credit investing which we will be rolling out globally in early 2019. In 2018, ILPA broke new educational ground with the addition of our Local and Onsite editions of the ILPA Institute. Designed by ILPA and taught by seasoned practitioners, these programs deliver a comprehensive overview of PE investing to regional locations and organizations around the world. The 8-module, 2-day program allows limited partners who are not able to travel to our traditional Institute to learn alongside peers and colleagues in their region or exclusively at their own facilities. Local and Onsite editions were held in the second half of 2018 in Austin, Texas and Manila, Philippines respectively with plans for a robust schedule of programs in 2019. Our webcast program continued apace in 2018 with 12 unique webinars held virtually over the course of the year. More than 1200 ILPA members registered for these webcasts during the year, with topics ranging from GP Economics to Fund Term Sensitivities to LP Professional Development Strategies. We also added a new High Impact Tools (HIT) series to our roster where we bring together leading service providers and members to explore best practices in addressing common operating challenges that limited partners face. Empowering a Global Industry THE WHAT 12 ILPA ANNUAL REPORT 2018