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ILPA chooses new CEO

Steven Nelson

Steven Nelson was named CEO of the Institutional Limited Partners Association on Friday.

ILPA launched a global search led by executive search firm Arlington Partners International in October, after former CEO Peter Freire left in June. Mike Mazzola has been serving as interim CEO.

ILPA board of directors Chairwoman Tanya Carmichael, managing director of global funds for the C$180.5 billion ($140 billion) Ontario Teachers' Pension Plan, Toronto, said in a statement that Mr. Nelson "brings an authentic and collaborative leadership style."

ILPA represents more than 450 member institutions that have a collective $2 trillion in private equity assets.

ILPA has offices in Toronto and Washington and has experienced double-digit percentage increases in membership in the past three years. Mr. Nelson will be based in the Washington office, as of March 26.

Mr. Nelson was chief operating officer of Cambridge Associates where he was responsible for global business operations. Mr. Nelson's responsibilities at Cambridge Associates will be handled by the senior leadership team, the firm said in a statement. "Steve Nelson has been a valued colleague at Cambridge Associates. We will miss Steve, but we are happy that he will be taking his leadership capabilities to ILPA, an association with which our firm has a long-standing partnership and a shared commitment to advancing the interests of private equity investors," the statement said.