b'ILPA ANNUAL REPORT 202014 15Leading on Shared Priorities ILPAcontinuestobuildrelationshipsacrosstheprivateacross33bestpractices.InDecemberof2020,ILPA equity industry and to establish positions on critical issueslaunched the Diversity in Action Initiative with nearly 50 that will strengthen the ability of the industry to grow intoLP and GP founding signatories, each signalling that their thefuture.2020markedapivotalyearinthebreadthorganizationshavetakenspecific,concreteactionsto and depth of conversations around diversity, equity andadvancing DEI and making the commitment to contribute inclusion as well as environmental, social and governanceto its continuing evolution across our ecosystem. Just a few issues.Withatrack-recordofconveningindustryweeks after launch, the number of signatories had grown stakeholders to encourage actions that affect change, ILPAtonearly70LPandGPorganizations,withmanymore has stepped into a meaningful leadership role on both DEIexpected to join the Initiative over time. Beginning in early and ESG.2021 and drawing on input from the DIA signatories, ILPA will publish quarterly Diversity in Action reports featuring On Diversity, Equity and Inclusion, ILPA launched thea thematic analysis of the industrys progress on DEI and D&I Roadmap and Resources in February of 2020 to serveopportunities for improvement.asaresourcehubforparticipantsacrosstheindustry seekingideasonspecificactionstheirorganizationsIn2020,ILPAalsoexpandeditsworkonESGwiththe cantaketoadvanceDEIaswellasbestpracticestolaunch of the ESG Roadmap and Resources for members. adopt and emulate. The D&I Roadmap is a public, open- This publicly available resource comprises a range of best source platform populated by submissions from industrypractices that limited partners can consider implementing stakeholders and, to date, includes 129 specific resourcestoadvanceESGeffortswithintheirownorganizations. ILPAs ESG Roadmap currently features 57 resources across nearly 20 different integration activities. ILPA is committed to a sustained focus on ESG in 2021 and plans to encourage further industry dialogue as it looks to continue advancing best practice and access to information.As an active participant in meetings that ILPA has had with the Securities & ExchangeThe Voices of Private Equity podcast, hosted by ILPAsrelationships with the Securities & Exchange Commission Jen Choi, launched in 2020 and has drawn more than 3,500and pushed for continued rigorous examination of private Commission, Ive seen the valuedownloads to date. The new series presents yet anotherfunds. ILPA also submitted comments to the SEC on its firsthand of sharing the institutionalopportunity for ILPA to bring together voices from acrossproposed Advertising Rule and recommended a member investor perspective with regulators thatD&I is part of ourthe industry to share their perspective on topical issues liketo serve on the SECs newly formed Asset Management business strategy andD&I, ESG, industry evolution and investment strategies. AdvisoryCommittee.InEurope,ILPAengagedwith oversee the private fund advisers wewe walk the talk by settingEuropean association counterparts to offer help in EU and invest with. ILPAs ongoing advocacyOur commitment to working across the industry was noUKstimulusefforts.Laterin2020,ILPAshiftedfocusto work ensures that the LP perspectivemeasurable goals internally andmore apparent than in our advocacy in 2020. ILPA workedprovide input on a European Commission consultation on externally. Its great to see so manyclosely with the GP community to jointly support accessthe Alternative Investment Fund Managers Directive. ILPA is heard.companies committed to change andtofederalstimulusforprivateequityownedportfoliois working with a group of 13 EU-based members and a companies,includingthePaycheckProtectionProgram,consultant in Brussels to advance ILPA members views in LEGAL PROFESSIONAL,leading by example in the industrywith the goal of seeking to limit damage to our membersthe official response that ILPA will submit in 2021. PUBLIC PENSION by becoming signatories to theportfolios, as well as for the well-being and sustainability of North America Diversity in Action Initiative. the companies indirectly owned by our members.Looking ahead to 2021, ILPA has begun to engage with theincomingU.S.Administration,whichisexpectedto ILPAsadvocacyeffortsalsofocusedonissuesthatwillplace increased emphasis on private equity regulation and DIVERSITY & INCLUSION EXPERT,improvetheindustryforILPAmembers,withparticularESG policy implementation, to ensure that policy priorities DEVELOPMENT FINANCIALfocusonincreasedfeetransparencyandimprovedsupport positive outcomes for LPs.INSTITUTION expectationsaroundfiduciaryduty.ILPAdeepened North America'