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Chereso will remain involved in day-to-day operations as Board searches for replacement


It is with a bittersweet mix of emotions that the Board of Directors announce Tony Chereso’s departure as president and chief executive officer of the Institute of Portfolio Alternatives and the start of a search for our association’s next leader. We are beyond grateful for Tony’s dedication and the untold hours he has devoted to advancing our industry. We wish him the best of luck in his new endeavor as the Chief Financial Officer of The Inland Real Estate Group LLC.

The Board of Directors will initiate a search for a replacement, but to ensure the continuity of leadership and continued success of the IPA, Tony will continue to lead the day-to-day operations through June.

Over the past seven years, Tony has created a special culture of mutual respect, collaboration and innovation across the IPA community and the larger alternative investment industry. During his tenure as president and CEO, Tony led the IPA through tremendous change and served as an incredible advocate and inspiring voice across our organization. Under his leadership, the Institute remained steadfast in its commitment to ensure our industry grows to become increasingly investor friendly – with increased transparency, lower fees and greater accessibility for all Americans.

We are incredibly honored to have benefited from Tony’s strategic guidance and unwavering commitment to the Institute’s mission. His legacy leaves a lasting impact on all our members, coalition partners, the staff and others who were touched by his work. Tony leaves the IPA in a strong position for future growth, and we sincerely thank him for his vision, leadership, and invaluable contributions.

The future of our industry and our association is bright, and the Board of Directors remain steadfast in advancing the goals and strategies of the IPA in support of our members. Please be on the lookout in the coming weeks for information around the search process. I look forward to seeing you all in D.C. at Summit.


Anne-Marie Vandenberg
Institute for Portfolio Alternatives