Ex-ILPA chief Freire joins Star Mountain – exclusive

Freire has been working with Star Mountain to align the firm with ILPA’s principles.

Former Institutional Limited Partners Association (ILPA) CEO Peter Freire has joined Star Mountain Capital.

Star Mountain revealed Freire joined the firm last year as a strategic personal investor and senior advisor and has helped the firm endorse ILPA’s Private Equity Principles.

Freire left ILPA in June 2017, having joined the organisation in 2015 from the World Economic Forum.

Since then he has been working with Star Mountain to aid its long-term goals to focus on trusted and transparent relationships with LPs. The firm said his experience leading ILPA and addressing the needs and concerns of major institutional investors has been invaluable in developing investor relations.

Star Mountain said supporting the ILPA principles was part of its commitment to implement best practices and standards across investor relations and financial operations.

Chris Gimbert, CFO of Star Mountain, said: “Transparency and standardisation is an important part of the relationship between GPs and LPs, and we are happy to help elevate the standards of governance and alignment of interests in the private equity industry.”

Prior to joining ILPA, Freire was managing director and member of the executive committee of the World Economic Forum. Before that he spent 18 years at the Corporate Executive Board where he was responsible for a portfolio of global businesses.

He began his career as a commercial banker at Bank of America and later worked as a consultant at Bain & Co.