NEW MILESTONES: Private equity organization grows; Industry association holds first officer elections, creates mission statement as group reflects rising sponsor interest in asset class.(Institutional Limited Partners Association)(Brief Article)(Statistical Data Included)

Pensions & Investments, November, 2001 by Fulman, Ricki

The Institutional Limited Partners Association, the industry association for plan sponsors that invest in private equity, has moved to the next level, said Rick Hayes, the newly elected chairman of the organization. Mr. Hayes, who oversees the $20 billion alternatives investment program at the $151 billion California Public Employees' Retirement System, Sacramento, said the organization recently reached several milestones.

It held its first elections in October; and in September, members ratified proposals for the organization's structure, mission statement and ability to collect dues. The group began informally in 1993, when only a few institutional investors representing an estimated $12 billion in private equity investment met once a year. But by last...

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