This section provides relevant industry resources for Latin America private equity and venture capital fund managers and investors in areas including valuation, LP-GP relations and corporate governance. Guidelines are gathered from multiple industry associations, many of whom have worked together to develop consistent policies and to promote best practices in the global private equity and venture capital community.
Valuation Guidelines
IPEV Guidlines
LAVCA endorses the International Private Equity Valuation Guidelines (IPEV Guidelines) and considers them an acceptable method to be used by Latin America private equity and venture capital funds. The Valuation guidelines provide fund managers and investors with a framework to examine the value of existing investments. The guidelines are consistent with International Financial Reporting Standards (IRFS) and US Generally Accepted Accounting Principles (US GAAP).
International Private Equity Valuation Guidelines (IPEV Guidelines)
Other
Private Equity Industry Group Guidelines (PEIGG)
LP-GP Relations
ILPA Principles
The Institutional Limited Partners Association (ILPA) has developed a set of Private Equity Principles with the goal of strengthening the relationship and communication between limited partners and general partners. The ILPA Principles are structured around three guiding principles – alignment of interest, governance and transparency.
ILPA Private Equity Principles
Environmental, Social and Governance (ESG) Disclosure Framework
The Environmental, Social and Corporate Governance (ESG) Disclosure Framework for Private Equity was developed to help general partners (GPs) better understand the reporting requirements of limited partners (LPs) for ESG related information.
The Framework was produced in a process involving more than 40 limited partners from 11 countries, 20 Private Equity Associations – including LAVCA- and 10 general partners.
Environmental, Social, and Corporate Governance (ESG) Disclosure Framework for Private Equity
Additional Guidelines
EVCA Corporate Governance Guidelines
BVCA Guide to Responsible Investment
Principles for Responsible Investment (PRI)
An investor initiative in partnership with UNEP Finance Initiative and the UN Global Compact.