MetLife head of alternative investments Michael Mazzola has been appointed chairman of the Institutional Limited Partners Association’s board of directors, the organisation announced in statement. His appointment was effective 7 November.
Mazzola, who has been affiliated with ILPA for the last four years, will help direct the organisation as it expands its reach internationally, particularly into Asian and Latin American markets, ILPA executive director Kathy Jeramaz-Larsen told Private Equity International.
“Mike has been involved with our research, benchmarking and standards committee for the last four years,” she said. “He’s very interested in making sure that’s filled [out] over the next couple of years.”
More specifically, Mazzola will direct the further development of ILPA’s data capabilities, which track performance, sector preferences and other trends in the private equity market, Jeramaz-Larsen said.
Earlier this year the LP trade body selected consultant Cambridge Associates to create an ILPA-specific benchmark that will focus solely on the private markets investment performance data of funds in which ILPA members have invested.
“As the ILPA looks to extend its position as a leading provider of private equity industry research and educational offerings, I look forward to working with members and the broader private equity community on initiatives that will strengthen the asset class over the long term,” Mazzola said in a statement.
Mazzola was unavailable for further comment at press time.
Prior to MetLife, Mazzola was a managing director at Gefinor USA, according to his LinkedIn profile. He has also worked at Inter-Atlantic Advisors, WestSphere Equity Investors and Coopers & Lloyd.
In addition to Mazzola, ILPA also added two new members to its board. Tanya Carmichael, currently a portfolio manager at Ontario Teachers’ Pension Plan, will chair the research, benchmarking and standards committee. Nicolas Drapeau of Bimcor will chair the board’s GP Summit.
Both Carmichael and Drapeau were named to the board by ILPA membership at its 7 November meeting.
ILPA advocates for the the interests of limited partners in the private equity industry. The organisation, which is headquartered in Toronto, has a membership of 274 institutions that manage approximately $1 trillion in private equity assets, according to a release.