The Institutional Limited Partners Association has elected Joncarlo Mark of the California Public Employees’ Retirement System to be its next chairman. Mark is currently the $250 billion (€173 billion) pension plan’s senior portfolio manager for alternative investments.
Mark has been with CalPERS since 1999, before which he spent six years at Premier Farnell, a global electronics and industrial products company. Mark started his tenure as ILPA’s chair on 11 October, replacing outgoing chair Mark Wiseman. Wiseman leads private equity and infrastructure investments for the Canada Pension Plan Investment Board.
Mark has been involved with ILPA for the past five years as membership chair and vice chair. As chairman, Mark said he will focus on ILPA’s research and education platforms.
“ILPA is well positioned to build a solid foundation with real analysis and research to measure returns, develop benchmarks, track capital flows and provide members with required educational support,” Mark said in a statement.
ILPA is a voluntary association based in Canada with 175 members, including public and corporate pensions, endowments and foundations, family offices and insurance companies. Its members come from 10 countries, including the US, UK, Europe, Asia and the Middle East and together manage more than $850 billion of private equity capital. ILPA is led by executive director Kathy Jeramaz-Larson.