The Institute for Portfolio Alternatives (IPA), a trade organization representing the non-traded alternative investment industry, has elected Dan Vene, co-founder and managing partner at iCapital Network, to a new board seat created to represent the industry’s growing technological and distribution capabilities.
“As the PDI marketplace continues to rapidly change with more investors looking to meaningfully diversify their portfolios, having someone with Dan’s experience, leadership and forward-thinking is critical to the continued success of our industry,” said Tony Chereso, president and chief executive officer of the IPA. “Dan brings a fresh perspective to the IPA board of directors with his deep understanding of how to leverage fintech to create a friction free environment supporting [portfolio diversifying investment] distribution channels.”
Vene has more than 20 years of industry experience and leads enterprise-level platform integration with banks, asset managers, wirehouses and other large-scale organizations in his current role at iCapital Network. Prior to founding iCapital, he held various roles managing capital raising, leading fund strategy and pioneering a leading financial database and aggregator of corporate events, the IPA said.
Vene joins the IPA Board for a three-year term.
In related news, the IPA recently appointed Sori Farsheed to the newly created position of executive director of strategic partnerships.
The Institute for Portfolio Alternatives is an advocacy and education group for the non-traded alternative investment industry. The organization seeks to raise awareness of investment products with low correlation to the equity markets, which include non-traded real estate investment trusts, business development companies, interval funds and direct participation programs.