meta_pixel
Tapesearch Logo
Log in
Capital Allocators – Inside the Institutional Investment Industry

Steve Nelson – Assisting Private Equity Allocators Through Turbulent Times at ILPA (Capital Allocators, EP.129)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Business, Investing

4.7841 Ratings

🗓️ 9 April 2020

⏱️ 32 minutes

🧾️ Download transcript

Summary

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 that 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.

Learn More
Read the Transcript
Subscribe to the Capital Allocators Blog or Monthly Mailing List
Don't Subscribe, but Let Us Know Who You Are
Write a review on iTunes
Follow Ted on twitter at @tseides
Review past episodes of the Podcast

Transcript

Click on a timestamp to play from that location

0:00.0

Capital Allocators is brought to you by Ten East, an investment platform for sophisticated investors to access private markets.

0:10.5

Ten East brings benefits of having your own family office without the cost and headaches of doing so.

0:16.8

It's founded and led by Michael LaFelle, former deputy executive managing member of Davidson Kempner.

0:24.2

Michael and his investment team offer members the opportunity to co-invest by offering at their

0:29.1

discretion. Michael and his team source, diligence, and commit material personal capital to each

0:35.3

investment. The opportunities shared on the Ten East platform

0:38.9

offer exposure to private credit, real estate, niche venture and private equity, and other

0:44.5

idiosyncratic investments that typically aren't available through traditional channels.

0:49.2

The principles have over a decade track record of investing in these types of exposures

0:53.5

across more than 350

0:55.7

transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting,

1:01.8

just as you'd expect from an institutional investment organization. I've known Michael for about a

1:07.0

decade, and after becoming impressed by the quality of 10 East offerings, its research

1:11.6

process, and high-quality investment team, I became an advisor to the organization, an investor

1:17.1

in multiple offerings. You can learn more and join me as a member at 10-east.com. That's the number 10,

1:25.4

east.co.

1:31.7

Hi, I hope you're healthy and staying safe.

1:40.5

My friends of ProSec partners reached out with the idea of having a mini-series about some of the issues facing allocators in this novel environment.

1:43.6

How are they thinking about risk and opportunities? How are they communicating with

1:45.6

managers and how will they conduct due diligence and push forward? I'm grateful to the very

1:50.9

busy professionals who spared time to share their thoughts and a special thanks to ProSec

1:55.4

partners for sponsoring the series. For more than 20 years, ProSec has been building and protecting brands on behalf of leading financial institutions.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Ted Seides – Allocator and Asset Management Expert, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ted Seides – Allocator and Asset Management Expert and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.