NAPPA 2020 Winter Seminar
Yuliya Oryol and Doug Schwartz spoke at The National Association of Public Pension Attorneys' (NAPPA) 2020 Winter Seminar held February 19-20, 2020 in Tempe, AZ.
On February 19th, Yuliya Oryol, Chair of NAPPA's Investment Committee, moderated ILPA Parts I & II, “Aspirational Guidance for Private Equity Investors: How Principles 3.0 Drives Alignment, Transparency and Governance” and “Practical Application: The ILPA Model LPA and How it Can Help You Negotiate a Better Deal." The first session provided an overview of the Principles 3.0 released in 2019 by the Institutional Limited Partners Association (ILPA) for private equity investments. The second session then discussed the benefits of the first, complimentary publicly available model limited partnership agreement (LPA) in the marketplace.
On February 20th, Doug Schwartz presented “Reviewing and Negotiating Fund Documents: Key Tax Issues” as part of the Tax Section Meeting. This session focused on key tax provisions to be considered by public pension plan investors when reviewing and negotiating private equity fund documents. The audience learned from drafters of the ILPA model LPA template about what to look for and best practices in side letters.
Attorneys Ashley Dunning, NAPPA President; Peter Mixon, Chair of NAPPA's New Member Committee; Courtney Krause; Kate Jordan; and David Kimport also were in attendance.