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ILPA

The Institutional Limited Partners Association, whose principles, reporting templates and DDQ are widely used reference points in private equity.

ILPA — The Institutional Limited Partners Association, whose principles, reporting templates and DDQ are widely used reference points in private equity.

ILPA's influence extends well beyond its own membership — its reporting templates and DDQ have become close to a de facto industry standard that even LPs who aren't ILPA members frequently reference or expect managers to map their own reporting to.

Frequently asked questions

What does ILPA stand for?

The Institutional Limited Partners Association, a trade body representing LP interests that publishes widely referenced principles, reporting templates and a standard DDQ.

Is ILPA reporting mandatory?

Adoption is voluntary, but many institutional LPs — particularly public pensions — now expect or functionally require ILPA-aligned reporting as a practical standard.

Nothing on this page is legal, tax, or investment advice. SeRuM is not a registered broker-dealer, not a placement agent, and not an investment adviser.

Lp reporting standardsRelated reading.DDQDue diligence questionnaire: a standardised question set covering strategy, team, track re LPACLP advisory committee: a body of investor representatives consulted on conflicts, valuatio

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