Institutional Limited Partners Association Appoints a New Chairman
TORONTO, Oct. 22 /PRNewswire/ -- The Institutional Limited Partners Association ("ILPA") is pleased to announce the appointment of Mr. Timothy Recker, University of California Regents, to the position of Chairman effective September 30th, 2010. Mr. Recker is responsible for the University of California Regents Private Equity program with over $5B in assets under management. Prior to joining the UC in 2007, Mr. Recker was Director of Alternative Investments for the Michigan Retirement System where he oversaw a $13 billion portfolio of Private Equity, Hedge Funds and Structured Products.
In addition to Mr. Recker, the Board appointed John Breen (Vice President – Head of Funds & Secondaries, Canada Pension Plan Investment Board) to Vice Chair; Jim Pittman (Vice President – Private Equity, PSP Investments) to Treasurer; Dhvani Shah, (Managing Director of Private Equity, New York State Teachers' Retirement System) to Chair, Education Committee; and Michael Mazzola (Director – Head of Alternative Investments, MetLife) to Chair, Research, Benchmarking & Standards Committee. Also new to the Board this year are Jesus Arguelle - Portfolio Manager, CalPERS; Anja Bach Eriksson – Senior Portfolio Manager, SAMPENSION; and Robert van Schaik – Head of Private Equity and Infrastructure, Mn Services.
"Tim has a long-established reputation in private equity and will bring strong vision and corporate governance to ILPA's growing global presence," said Joncarlo Mark, Senior Portfolio Manager at CalPERS in the Alternative Investment Management (AIM) Program and outgoing Chair. "He has been actively involved with the organization for the past four years as Board Secretary and most recently Vice Chair. His background and experience with private equity investing and his inclination to promote sharing of knowledge within the asset class, makes him a natural fit for this role."
Mr. Recker intends to support the ongoing priorities of the ILPA; initiatives that go to strengthen the asset class. "The ILPA has experienced tremendous success over the last 4 years under the direction of the Board and its professional management team," said Mr. Recker. "We are well positioned to build on our momentum with a goal to be a strong industry partner for investors and managers globally."
The Institutional Limited Partners Association is a not-for-profit association committed to serving limited partners investors in the global private equity industry by facilitating value-added communication, enhancing education in the asset class and promoting research and standards in the private equity industry. ILPA has over 240 institutional member organizations that collectively manage approximately $1 trillion of private equity assets.
SOURCE Institutional Limited Partners Association