Buzz Archive:
ILPA's Private Equity Principles

by Simon Witney, Partner, SJ Berwin LLP, 1/12/2010

In late 2009 the Institutional Limited Partners Association (ILPA), a predominantly US-led association of private equity investors, published its Private Equity Principles. ILPA says that these principles aim to enhance partnership governance, strengthen alignment of interest between GPs and LPs, and improve investor reporting and transparency. ILPA says that the document - which includes a long list of "best practice" fund terms - was written following a comprehensive survey of ILPA's 215 members, and a number of roundtable discussions.

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