Funds Finance Focus: Impact of the ILPA Guidance

5 July 2017
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Key takeaways

  • On June 27, the Institutional Limited Partners Association issued its “Considerations and Best Practices for Limited and General Partners”.
  • ILPA’s recommendations focused on disclosure and transparency in relation to the use of subscription line facilities.
  • Although the guidelines may arise in LP and GP discussions, we expect any possible changes in practice to remain a point of negotiation between LPs and GPs.