Steve Nelson is CEO of the Institutional Limited Partners Association or ILPA, a non-profit that engages, empowers and connects limited partners (LPs) to maximize their performance. It has over 500 member institutions who represent $2 trillion in private assets under management or approximately 50% of the global institutional market. ILPA is the only global organization dedicated exclusively to advancing the interests of LPs and their beneficiaries through best-in-class education, research, advocacy, and events.
Our conversation covers Steve’s twenty years at Cambridge Associates leading to his time at ILPA, the mission of ILPA and the ways it achieves that mission. We then turn to the most important needs of private asset allocators before this crisis, their focus during this challenging period of time, and the current status of capital calls, position marks, subscription lines, communication between managers and clients, impacting investing, and the outlook for ILPA’s efforts going forward.