Institute For Portfolio Alternatives Announces Anya Coverman As New CEO

The Institute for Portfolio Alternatives (IPA) today announced the appointment of Anya Coverman as the organization’s president and CEO, effective immediately. In this role, Coverman will provide strategic guidance to all IPA staff, as well as oversee the daily operations of the organization.

“My pledge is to provide all Institute for Portfolio Alternatives members, from long-time industry leaders to new entrants, with the steadfast industry leadership and relentless public policy advocacy required to create a favorable operating environment,” said Coverman in a news release. “I’m grateful for the opportunity to lead the IPA as we pave the way for broader access to portfolio diversifying investments and ensure we continue to deliver on our strategic plan on behalf of the industry and investors alike.”

Prior to her role as president and CEO, Coverman served as the IPA’s senior vice president of government affairs and general counsel, where she led the organization’s legislative, regulatory, and legal initiatives, including the creation of its political action committee.

AltsDb had a chance to briefly touch base with Ms. Coverman, where we asked her about her new role, as well as the IPA’s plans for the near future.

AltsDb: How do you feel about your new role at the IPA?

Anya Coverman: I am inspired by the trust the membership has placed in me. Having had the opportunity to work alongside this industry for years, I’ve seen how the ecosystem has been building the future and how that innovation is resulting in the tremendous investor-driven growth we’re experiencing today. We are going to surprise a lot of people with what we’re able to accomplish over the next couple of years.

AltsDb: Any thoughts on the IPA’s strategic plan? What’s on the horizon?

Anya Coverman: The IPA’s current strategic plan—which will guide us through 2025—re-imagines the future for alternatives. Resulting from a year-long collaboration between IPA members, partners and our board, it will continue to act as our north star and roadmap to ensure investors have access to portfolio diversifying investments, and that the alternatives industry’s robust growth continues. Our plan now is to put it into action.

AltsDb: As you begin in your new role, what’s top of mind, in terms of the IPA’s larger mission?

Anya Coverman: The IPA has a big mission and a lot to accomplish, but three things are top of mind for me this week as we kick-off our annual conference. First, providing the preeminent forum for fostering connections and networking in the alts ecosystem; second, making sure we’re creating an environment for all IPA members—from long-time players to new entrants—to thrive; and third, driving relentless storytelling and education on behalf of this industry.

About The Institute For Portfolio Alternatives

The Institute for Portfolio Alternatives seeks to raise awareness of portfolio diversifying investment (PDI) products among stakeholders and market participants, including: investment advisors, public policymakers and the investing public. It supports increased access to investment strategies with low correlation to the equity markets: lifecycle real estate investment trusts (“Lifecycle REITs”), net asset value REITs (NAV REITs), business development companies (BDCs), interval funds and direct participation programs (DPPs). Through advocacy and industry-leading education, the IPA is committed to ensuring all investors have access to real assets and the opportunity to effectively balance their investment portfolios.

Andy Hagans
Andy Hagans

Andy Hagans is co-founder and CEO at AltsDb, and host of The Alternative Investment Podcast. He resides in Michigan.