The Institutional Limited Partners Association (ILPA) releases the ILPA Private Equity Principles



    
    Guidelines intend to create framework for sustainability and growth of
    asset class through improved governance, alignment of interests and
    transparency
    

    TORONTO, Sept. 8 /CNW/ - The Institutional Limited Partners Association
(ILPA) today introduced the ILPA Private Equity Principles, which establishes
a set of principles and best practices for the private equity industry with
the goal of strengthening the long-term viability of the asset class as an
institutional investment strategy. Through enhanced partnership governance,
strong alignment of interests and improved investor reporting and
transparency, the ILPA believes the limited partner and general partner
communities as well as other industry practitioners will mutually benefit from
an improved set of guidelines that reaffirm a focus on investment value
creation. This approach has historically served as the key tenet to the
success of the asset class.
    "Private equity has become an important strategy for most institutional
investors from around the world as overall returns from private equity have
outpaced those of other asset classes over the long run," said Joncarlo Mark,
Chairman of the ILPA. "This is primarily the result of a traditionally strong
alignment between general partners and their portfolio companies and a focus
on growing these businesses. A similar alignment between the general partners
and the supporting institutions that provide them investment capital will help
ensure successful returns in the future."
    The ILPA Private Equity Principles were developed through broad
communication and coordination between a wide cross section of private equity
investment institutions. This process included input from many of ILPA's 215
member organizations from around the world, which provided feedback through
roundtable discussions and a comprehensive survey that ultimately generated
the concepts proposed in this document.
    "The ILPA's mission is to provide networking, communication and ongoing
research and education - including the development of best practices - that
will help our members and other industry participants improve their investment
capabilities and performance," said Kathy Jeramaz-Larson, Executive Director
of the ILPA. "The ILPA Private Equity Principles will establish an operating
framework for investors to engage in ongoing dialogue and to develop
improvements that will benefit the industry for years to come." In conjunction
with the release of this document, ILPA has formed a new Best Practices
Committee that will focus on continuing to strengthen private equity as an
asset class by soliciting input from other private equity practitioners and by
utilizing the Private Equity Principles as a living document to incorporate
changes as warranted in the future.
    In addition, ILPA encourages and welcomes the formal endorsement of the
ILPA Private Equity Principles from both members and non-members, including
general partners, fund-of-funds and industry consultants. The ILPA Private
Equity Principles are posted on the ILPA website at www.ilpa.org. A list of
institutions that wish to be formally recognized as signatories to the Private
Equity Principles will also be posted and updated on a regular basis.

    The Institutional Limited Partners Association is a not-for-profit
association committed to serving limited partner investors in the global
private equity industry by providing a forum for facilitating value-added
communication, enhancing education in the asset class and promoting research
and standards in the private equity industry. ILPA has over 215 institutional
member organizations that collectively manage approximately $1 trillion of
private equity assets. For a copy of the ILPA Private Equity Principles or for
more information about ILPA, please visit www.ilpa.org.





For further information:

For further information: Kathy Jeramaz-Larson, Executive Director, ILPA,
(416) 941-9393 ext 1, kjeramaz-larson@ilpa.org, www.ilpa.org

Organization Profile

INSTITUTIONAL LIMITED PARTNERS ASSOCIATION (ILPA)

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