The Institutional Limited Partners Association (ILPA) is a
trade association
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. Through collabor ...
for
institutional limited partners in the
private equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
asset class. It is headquartered in
Washington, D.C., and has an additional office in
Toronto, Ontario
Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...
.
ILPA was co-founded by Private Equity Hall-of-Famer, Thomas B. Judge, Sr. in the early 1990s.
Membership
Members of ILPA include public and corporate
pension fund
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides pension, retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the ...
s,
endowments,
foundations,
insurance companies
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...
, family offices, and sovereign wealth funds. According to ILPA, its membership totals more than 500 investors representing over $2 trillion in private equity investments.
The
limited partner investor universe in private equity has historically been highly fragmented and individual investors, even the largest investors, often have limited ability to negotiate the terms of the individual
private equity funds to which they commit.
ILPA Private Equity Principles
In September 2009, ILPA released a set of guidelines, the Private Equity Principles, intended to provide a common set of terms which institutional limited partners could use as the basis for negotiation with
fund managers.
Institutional Limited Partners Association (ILPA) releases the ILPA Private Equity Principles
Reuters, September 8, 2009
References
Private equity
{{private-equity-stub