ILPA

The Institutional Limited Partners Association is an industry association that develops guidance, reporting templates and model documents for private markets. It is not a regulator governing every fund.

Also called Institutional Limited Partners Association

ILPA in practice

Hypothetical: a manager uses an ILPA reporting template to organize quarterly fee, expense and carried-interest information. Actual reporting obligations and each investor’s entitlements depend on the fund documents and agreements; using a template does not make every entitlement identical.

Source: ILPA: Reporting Template.

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