Providing key expertise, educational resources, and industry insights

Private markets are entering a new phase of growth, one defined not only by innovation, but by policy, access and infrastructure.

The Institute for Portfolio Alternatives (IPA) represents the top sponsors and distributors of alternative investments, advocating/ or diversification and innovation in investment portfolios. IP Xs values align with industry-wide efforts to modernize and elevate alternative investments for broader adoption and impact.

This industry guideline offers guidance for publicly registered, non-listed Business Development Companies (BDCs) on presenting performance figures and disclosures. It details how to accurately report performance, reflecting the unique attributes of non-listed BDCs that lack readily available market prices typical of traditional securities.