ILPA wants more transparency on sub lines
ILPA’s latest guidance advises PE firms to be more transparent around the use of fund finance facilities and the impacts they have on performance.
The Enhancing Transparency Around Subscription Lines of Credit report was developed by the association together with LPs, GPs, academics, consultants and industry advisers and follows-on from the association’s 2017 guidance on the same subject.
It advises PE firms to provide quarterly and annual disclosures on the impacts facilities have on individual LPs’ unfunded commitments, exposure and performance.
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