This week Palico and the Institutional Limited Partners Association signed an agreement that should see the online PE fund marketplace’s substantial investor base of 2,910 accredited limited partners expand significantly.
|Agreement is a Boon for All of the Marketplace’s LPs and GPs|
The agreement brings the investment tools of the 21st century to the membership of the largest limited partner organization in the world – ILPA members have over $1 trillion in assets under management devoted to private equity. The ILPA’s promotion of Palico’s online private equity marketplace, through a registration offer to all of the former’s 400+ member organizations, is designed to ease discovery, analysis and investment. It should prove a boon for all limited partners and general partners on the platform by increasing overall investing activity.
|Palico’s Benefits for ILPA Members (and Any LP)|
The Palico marketplace features open to ILPA members, and all LPs, permit the online screening of investable fundraisings, secondaries and co-investments, based on strategy, location and size; access to virtual data rooms where private placement memorandums and limited partnership agreements can be downloaded; and direct contact with investment sponsors (there are 4,885 accredited GPs in the marketplace). Investors receive alerts on newly available fundraisings, secondaries and co-investments, based on their interests. LPs can equally anonymously list funds for sale on the secondary market. All of these transaction-related services are complemented by features that help investment analysis, including performance, benchmarking and news.
|LP or GP, Palico’s Online Marketplace Makes Commitment Efficient|
Out of the hundreds of meetings an investor or a manager takes in the annual private equity commitment process, the vast majority are dead ends. By bringing private equity investment opportunities to desktops and smart devices, Palico cuts down on inefficiency, leaving both LPs and GPs more time to discover, analyze and seize the best investment opportunities.