Monday, September 9, 2013

Introducing the Chicago Area Limited Partners Association (CALPA)

I am thrilled to announce the founding of the Chicago Area Limited Partners Association (CALPA), the first and only organization founded by Chicago's private equity limited partners, for Chicago's private equity limited partners.

The goal in founding CALPA is to increase the number of like-minded, private equity limited partners who are eager to share and discuss best practices, topics and trends amongst each other in an intimate and casual setting.  We are looking to Chicago's endowment and foundation, family office, insurance company, wealth management, public/private pension, investment consulting and fund-of-funds communities to join us a members of CALPA.

Chicago always gets ribbed for being the third coast or the second city, but with a litany of thought-leading and large limited partners in the greater Chicago area, why can't we be private equity's first city?  CALPA will hope to serve as that meeting ground for Chicago's limited partners to network, share ideas, learn and collaborate, while also having some fun!

Our plan is to have three free luncheons a year where limited partners can hear from industry-leading GPs, fellow limited partners and service providers about best practices, topics and trends affecting all of our portfolios. With no obligation to join and no cost to participate, we hope to have truly engaging topics of conversation that go well beyond the canned conference panel or annual meeting spin.  Moreover, we hope that getting a group of like-minded limited partners together will foster an environment of collaboration and mind share with members learning from each other, sharing ideas and forming friendships over the long term. 

Our aspirations are high, but our goal is simple: offer a free lunch with great speakers (not hawking their fund) and hope that the network effect of CALPA extends beyond itself.  

Our first event will be held in mid November (TBA).  Lunch will be served followed by a lively panel discussion (TBA). Stay tuned for additional details on our first event!

Lastly, I'd like to profusely thank the wonderful and forward-thinking people at Northern Trust, the John D. and Catherine T. MacArthur Foundation, Northwestern University, Kirkland & Ellis LLP and the Illinois Venture Capital Association (IVCA) for serving as co-founders of this exciting organization. We hope that you too will join us for the first event in November!

If you're a Chicago area limited partner that invests in private equity and would like more information on CALPA or would like to become a member and attend our first event, please do not hesitate to email me at jrh9@ntrs.com.  

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