"The Power of the Network" - ILPA updates its Private Equity Principles

In January 2011 the Institutional Limited Partners Association (ILPA) released an updated version of its Private Equity Principles (Principles).

The Principles were first released in 2009 and reflect ILPA's commitment to serve institutional investors in private equity, to drive private equity industry best practices and to support long-term relationships between general partners (GPs) and limited partners (LPs). According to ILPA's website, the original Principles were endorsed by over 140 organisations. A survey conducted during the first half of 2010 by Preqin has shown that over 70 per cent of LPs which completed the survey would view non-adherence to the Principles as a reason not to invest in a fund.