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ILPA gets industry backing for fee transparency

Trade body publishes fee guidelines as private equity industry seeks to stem criticism over firms' lack of openness

The Institutional Limited Partners Association has published a template for disclosing private equity fees
The Institutional Limited Partners Association has published a template for disclosing private equity fees

The Institutional Limited Partners Association, a trade body for investors, on January 29 launched the private equity industry’s first attempt to establish a uniform way for fund managers to give information on fees, expenses and carried interest to investors.

The template would detail all capital collected from investors and portfolio companies, including fees charged, fund expenses, carried interest amounts and income received through related parties or parallel vehicles to the fund.

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