The Institutional Limited Partners Association has named Cambridge Associates chief operating officer Steven Nelson as its new chief executive.
Nelson has spent 20 years in different roles at Cambridge Associates, including head of portfolio services and human capital from 2014-15 and head of Asia-Pacific between 2004-08. He has served on Cambridge’s board and executive committee.
Nelson succeeds Peter Freire, who left in June after two years. ILPA board member Michael Mazzola acted as interim CEO while Jennifer Choi, ILPA’s managing director of industry affairs, was managed the day-to-day operations.
Nelson will start in his new role on 26 March, the Association said in a statement released on Friday. He takes the helm of ILPA at a time of significant expansion. ILPA has more than 450 member institutions representing more than $2 trillion of private equity assets under management.