New relationship will help make private equity investment more efficient for limited partners
May 10, 2017 – Today Palico and the Institutional Limited Partners Association (ILPA) announced an agreement giving all members of the ILPA free use of Palico’s online private equity marketplace for fundraisings, co-investments and secondaries.
The ILPA’s cooperation in promoting Palico’s online marketplace is designed to ease discovery, analysis and investment for the ILPA’s 400+ member organizations. ILPA is the only global, member-driven organization dedicated exclusively to advancing the interests of private equity limited partners. Its members have over $1 trillion in assets under management devoted to private equity.
“This agreement brings the investment tools of the 21st century to the membership of the largest limited partner organization in the world,” says Antoine Drean, founder and chief executive of Palico. “It should significantly broaden the use of Palico’s marketplace for fundraisings, secondaries and co-investments.”
The complimentary Palico memberships 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. ILPA members will also receive alerts on newly available fundraisings, secondaries and coinvestments, based on their declared interests. ILPA members 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.
“One of our principal missions is to empower limited partners to excel in all that they do, from their research to their investment process to their ongoing operations,” says Peter Freire, CEO of the ILPA. “Our relationship with Palico supports these goals and we are excited for our members to discover the opportunities within Palico’s online marketplace.”
ABOUT PALICO - Palico is the first global online marketplace for the private equity fund community. There are currently $64 billion in investable opportunities on Palico, covering fundraisings, secondaries, and co-investments. Since establishing itself as a fintech pioneer in 2012, over 40,000 professionals representing Limited Partners, General Partners, and their advisors in more than 140 countries have joined Palico. Limited partners can discover, analyze and invest in fundraisings listed by general partners on Palico. In Palico’s secondary market, limited partners can anonymously list their stakes for sale and be contacted by potential buyers. Whether members connect over primaries, secondaries or co-investments, Palico makes it easier to invest. LPs and GPs can join Palico at palico.com.
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Head of Communications, ILPA