Institutional Limited Partners Association
- Institutional Limited Partners Association
The Institutional Limited Partners Association (ILPA) is a trade association for institutional limited partners in the private equity asset class.
Members of ILPA include public and corporate pension funds, endowments, foundations, insurance companies. According to the ILPA, its membership totalled more than 200 investors representing over $850 billion in private equity investments. Examples of members include CalPERS, CalSTRS, Canada Pension Plan, the Ontario Municipal Employees Retirement System (OMERS), Lockheed Martin pension plan, the Regents of the University of California, the Florida State Board of Administration, the Massachusetts Pension Reserves Investment Management (MassPrim) and Ontario Teachers' Pension Plan. [ [http://www.ilpa.org/index.php/about_us/C6/ Institutional Limited Partners Association Board] ]
The limited partner investor universe in private equity is 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's education and networking functions allow greater communication and collaboration between investors. ILPA was actively involved in discussions centering around the aboption fair value accounting under of FAS 157. [Mulvihill, Roger [http://www.altassets.com/knowledgebank/learningcurve/2007/nz12279.php Fair value reporting for illiquid investments: ready or not here it comes] . AltAssets.com, December 12, 2007] [Fulman, Ricki. " [http://findarticles.com/p/articles/mi_hb5266/is_200111/ai_n20445162 Private equity organization grows] ". Pensions & Investments, November, 2001]
The ILPA was founded in the early 1990s.
References
ee also
*Private equity firm
*Private equity fund
*Institutional investor
*Limited partnership
*Pension fund
*National Venture Capital Association
External links
* [http://www.ilpa.org/ Institutional Limited Partners Association] (official website)
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2010.
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