ILPA ESG Resources: Iterative Roadmap Can Help LPs in Early Integration Stages (Part Two of Two)

The Institutional Limited Partners Association (ILPA) has produced numerous resources for LPs over the years. Recently, it has bulked up its offerings related to environmental, social and governance (ESG) issues, including releasing an ESG Roadmap and Resources in May 2021 for LPs embarking on ESG integration internally. ILPA also released an ESG Assessment Framework (Framework) in July 2021 to help LPs assess GPs’ integration of ESG principles. The Private Equity Law Report interviewed a number of industry experts to analyze the potential impact of ILPA’s ESG resources. This second article in a two-part series analyzes the ESG Roadmap and Resources, as well as other ESG resources offered by ILPA and their potential impact on the PE industry. The first article provided an overview of how key features of the Framework can benefit both LPs and GPs, while also speculating on the scope of its adoption. See our two-part series on revisions to ILPA’s model limited partnership agreement: “Analysis and Market Response to ILPA’s Deal-by-Deal Waterfall Model LPA” (Sep. 15, 2020); and “Clarifying Updates to Non-Economic Provisions in ILPA’s Model LPA” (Sep. 22, 2020).

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