Peter Freire, chief executive officer of the Institutional Limited Partners Association (ILPA), has stepped down from his post after two years at the organization, ILPA’s board of directors said in a memo on June 12, PERE's sister publication, Private Equity Investor, reported.
Jennifer Choi, managing director, industry affairs, will take over management at ILPA, until an interim CEO is named. Private Equity International understands the CEO search has not begun yet and will likely take place for the rest of the year.
“Since joining the ILPA in 2015, Peter has worked diligently on behalf of our membership and led the association through a period of significant transition and global growth,” Tanya Carmichael, chair of ILPA board of directors, said in the memo. Under his leadership, ILPA became stronger, its engagement deeper, and its impact greater, Carmichael added.
Freire has been CEO at ILPA for a full two years. He was previously the managing director of the World Economic Forum and served as advisor to private companies such as CultureHorde and Green Peak Partners.
ILPA has been growing at about 20 percent annually and is looking forward to moving on the next chapter which includes more growth, more engagement as well as more member satisfaction, a spokesperson for the organization said.
ILPA has 400 institutional member organizations in more than 40 countries, collectively managing $1 trillion in private assets globally.