IPC - Key Persons
Job Titles:
- Deputy Chief Investment Officer for Wells Fargo Private Bank
- Deputy Chief Investment Officer, Wells Fargo Private Bank Head of Global Alternative Investments, Wells Fargo Investment Institute
- Head of Global Alternative Investments
Adam I. Taback is the head of Global Alternative Investments (GAI), a division of Wells Fargo Investment Institute. Wells Fargo Investment Institute, a subsidiary of Wells Fargo Bank, N.A., which is focused on delivering the highest quality investment expertise and advice to help investors manage risk and succeed financially. Mr. Taback leads the GAI team that manages proprietary and non-proprietary alternative investment products and services-including option strategies, hedge funds, managed futures, commodities, private equity, and private real estate offerings-that complement traditional investment portfolios. In his current role, Mr. Taback serves as the president and chairman of the boards of trustees/managers for the GAI Registered Funds and the president and director of Global Alternative Investment Services, Inc. Previously, he was the director and president of A.G. Edwards Capital, Inc.
In addition to serving as head of GAI, Mr. Taback serves as the deputy chief investment officer for Wells Fargo Private Bank. In this capacity, he oversees the Portfolio Services Group, which manages client investment portfolios in excess of $30 billion, the Managed Disciplined Strategies Group responsible for portfolio overlay management and implementation, and the Equity Optimization Team that manages after-tax overlay management and equity portfolio transition accounts for high-net-worth clients. Mr. Taback also manages the teams responsible for all desktop tools and applications used by The Private Bank investment professionals, data analytics, and performance reporting and attribution.
Mr. Taback has been with Wells Fargo & Company and predecessor organizations since 1996 where he has served as a founding member of, reorganized and restructured, and led the growth of various businesses units. His various leadership roles have included serving as president of Wells Fargo Alternative Asset Management, LLC; president of Alternative Strategies Group, Inc.; head of the Product Development and Product Management Groups for the Asset and Wealth Management Division of Wachovia Bank; and head of the Retail Separate Account, Variable Annuity, and 529 businesses for the Asset Management division of Wells Fargo. Prior to joining Wells Fargo & Company, Mr. Taback served in various finance and investment roles with Blockbuster Entertainment (Viacom) supporting their music and Latin American divisions, and spent time working for Raymond James & Associates as a financial advisor.
Mr. Taback holds a Bachelor of Arts in Political Science from Syracuse University and a Master of Science in Accounting from Nova Southeastern University. He is located in Charlotte, North Carolina.
Job Titles:
- Assistant Professor, University of Connecticut
Alex Van de Minne is an assistant professor of real estate, in the Finance department at the University of Connecticut. He earned his Ph.D. from the University of Amsterdam and has recently worked as a research scientist at the MIT Center for Real Estate, specializing in commercial property pricing. He was the director of the Real Estate Price Dynamics Platform at MIT, which is a laboratory specializing in commercial property asset pricing and is completely industry-funded. In the last year, he has had numerous articles accepted and/or published in top journals, and twice won highly competitive grants from the Real Estate Research Institute.
Job Titles:
- Professor of Finance at the University of California
- Professor of Finance, UC Davis
Ayako Yasuda is Professor of Finance at the University of California, Davis. As an applied financial economist, Professor Ayako Yasuda studies sectors that are critical engines of growth and innovation for the economy, including venture capital, impact funds, social entrepreneurship, private equity, and long-horizon institutional investors. In most of Yasuda's work, she combines carefully assembled novel data with rigorous statistical methodology to bring unique new insights. Yasuda's research has been published in top journals such as Journal of Finance, Journal of Financial Economics, and the Review of Financial Studies. She co-authored an MBA course textbook Venture Capital and the Finance of Innovation. Yasuda earned her Ph.D. in economics from Stanford University, from which she also graduated Phi Beta Kappa with a B.A. in quantitative economics.
Job Titles:
- Head of Quantitative Research at Landmark Partners
- Partner, Landmark Partners
Barry Griffiths is a partner and head of quantitative research at Landmark Partners. He is responsible for quantitative analysis for Landmark's private equity and real estate areas, including customer-oriented research, performance analysis, and risk management activities.
Prior to joining Landmark in 2009, Mr. Griffiths was head of quantitative research at Goldman Sachs Private Equity Group. Earlier, he was an aerospace research engineer specializing in guidance, navigation, and control.
Mr. Griffiths is a CFA® charterholder, who received a Ph.D. from Case Western Reserve University and an MS and BS from Michigan State University.
Job Titles:
- VP & Chief Investment Officer, U.S. Steel
Bryan Lewis joined U. S. Steel in August 2019 as vice president and chief investment officer. He has executive responsibility for the company's global investments for both the defined contribution and defined benefit plans, as well as other related programs. Prior to that, he was the Chief Investment Officer of the Pennsylvania State Employees' Retirement System. Previously, Lewis served as executive director of the $20 billion Illinois State Universities Retirement System, where he led fund administration and investment management for two defined benefit plans and one defined contribution plan. Previously, Lewis spent six years as manager for the North Carolina Department of State Treasurer working on the state's retirement systems. He holds a MBA from the University of Miami and a bachelor's degree in economics from the University of Maryland College Park.
Job Titles:
- Events and Program Manager
Caroline is responsible for planning and producing the Institute for Private Capital's 10 annual events from conception through completion. Prior to coming to the Institute, Caroline worked as a senior account manager in Corporate Partnerships for NBC Sports and the Wells Fargo Center in Philadelphia. In addition, she also worked with Greater Media Marketing in business development and Fox Television. Caroline received her bachelor's degree in communications from Denison University.
Job Titles:
- Research Associate
- Postdoctoral Research Fellow
Celine Fei is a postdoctoral research associate whose research interests include venture capital and private equity, entrepreneurship and fintech. She is most interested in studying the financing of entrepreneurial activities and understanding the intersection of public and private equity markets. Celine is a current Ph.D. student at the Toulouse School of Economics in Toulouse, France, from which she also received a master's degree in economics. She graduated summa cum laude from Central University of Finance and Economics in China with a bachelor's degree in economics and mathematics.
Job Titles:
- Associate
- Director, Senior Fellow, IPC Edward M. O'Herron Distinguished Scholar and Professor of Finance, University of North Carolina, Kenan - Flagler Business School
Christian Lundblad's research spans asset pricing, investment management, and international finance, with a specialization in emerging market development.
He teaches courses on macroeconomics for managers, investment management, including mutual and hedge fund analysis, and global financial markets, including emerging market finance and development.
Dr. Lundblad serves as associate dean of the PhD Program, director of research at the Frank Hawkins Kenan Institute of Private Enterprise and director of the Center for Excellence in Investment Management. He holds a courtesy appointment as a special-term professor at the People's Bank of China School of Finance, Tsinghua University in Beijing.
His research has been published in top academic journals such as the Journal of Finance, Review of Financial Studies and Journal of Financial Economics. He is associate editor at the Journal of Banking and Finance and Financial Management and previously served as an associate editor for the Journal of Finance.
He also served as a financial economist at the Federal Reserve Board in Washington, D.C., where he advised the Board of Governors on international financial market developments.
Dr. Lundblad is the recipient of the Executive MBA and OneMBA Teaching Excellence awards.
He received a PhD in financial economics and a master's degree in economics from Duke University. He earned his BA in economics and English literature with highest honors from Washington University in St. Louis.
Job Titles:
- Professor of Finance at the London School of Economics
- Professor of Finance, Head of Department at London School of Economics
Christopher Polk is Professor of Finance at the London School of Economics and Political Science. He also serves as Research Fellow at the Center for Economic and Policy Research and is on the Norges Bank Investment Management Allocation Advisory Board. His research interests include asset pricing, corporate finance and hedge fund macroeconomics.
Christopher was previously a Visiting Professor of Finance at MIT and a consultant to the Bank of England. Christopher received a BS from Duke University and a PhD from the University of Chicago Booth School of Business.
Job Titles:
- Distinguished Professor of Finance, UNC Kenan - Flagler Business School
Dr. Conrad teaches financial management and investments. She has won three teaching awards, research and service awards at UNC Kenan-Flagler. She is the former senior associate dean for academic affairs and area chair of finance.
She has served on the board of directors of the Financial Management Association, the Western Finance Association and the American Finance Association. She is a past president of the Financial Management Association and the current chair of its board of trustees.
She received her PhD and MBA from the University of Chicago and her BS from Butler University.
Job Titles:
- Associate Director of Research, Center for Real Estate Professor of Real Estate Finance, Massachusetts Institute of Technology
- Professor
Professor David Geltner has been at MIT since 2002 where he has held the George Macomber Chair and currently is Professor of Real Estate Finance in the Department of Urban Studies & Planning.
Geltner served as Academic Director of the MIT Center for Real Estate during 2003-08 and from 2008-14 as faculty chair of MIT's Master of Science in Real Estate Development (MSRED) program.
Geltner has served as Academic Advisor to the National Council of Real Estate Investment Fiduciaries (NCREIF), and as Director of MIT's Commercial Real Estate Data Laboratory which has developed pioneering commercial property price and investment performance indices based on transactions prices (including the Moody's/RCA CPPI, the NCREIF-based TBI, and the FTSE-NAREIT PureProperty® Indices). Geltner served from 1999-2012 as the External Academic Member of the Real Estate Investment Committee of the State Teachers Retirement System of Ohio (a pension plan sponsor with over $5 billion of directly managed real estate holdings).
Prior to MIT, Geltner was the REEAC Professor of Real Estate in the Finance Department of the College of Business Administration at the University of Cincinnati. Geltner received his PhD in 1989 from the Massachusetts Institute of Technology, in the Civil Engineering Department in the field of infrastructure finance & economics. He also has degrees in urban studies from Carnegie-Mellon University and the University of Michigan.
Job Titles:
- McGurn Professor of Real Estate and Director
- Professor
David Ling is the McGurn Professor of Real Estate and Director, Master of Science in Real Estate Program, Hough Graduate School of Business at the University of Florida. He has previously been a Visiting Professor at Hong Kong University and a Research Fellow at the University of Cambridge in addition to the Dean of the Weimer School of Advanced Studies in Real Estate and Land Economics. His research focuses on real estate finance, investments, and taxation and housing economics. David received a BSBA from Central Michigan University and both an MBA and PhD from The Ohio State University.
Job Titles:
- Chief Pension Investment Strategist, CBRE Global Investors
- Member of the Santa Fe Community Foundation
The former chief investment officer for the Public Employees Retirement Association of New Mexico, Dominic recently joined CBRE Global Investors as its chief pension investment strategist.
Dominic served as CIO for the New Mexico PERA, a $16 billion pension system that serves over 90,000 members and provides over $1.2 billion in annual benefits. At New Mexico PERA, Dominic has led the effort to integrate a risk-based approach, separating Alpha and Beta in its investment philosophy.
Dominic is a native of New Mexico and began his allocator career over 16 years ago at New Mexico PERA and came back home to re-join the system in 2017 as CIO. In between, Dominic served on the Investment Committee and as a Senior Alpha Manager at the State of Wisconsin Investment Board (SWIB). Dominic has been a speaker at numerous industry events and he and his teams' have received numerous industry-wide awards and nominations recognizing their innovative work. Dominic was also named 40 under 40 for three consecutive years by industry publications.
Dominic is a member of the Santa Fe Community Foundation, Impact Investing Committee and an investment advisory member for AIF Global Institute, the Managed Funds Association (MFA), Institutional Investor Public Funds Roundtable and Accelerate Investors. Dominic has degrees from the University of New Mexico and University of Chicago and lives in an old adobe home in Santa Fe, NM with his wife and three children.
Dorothy is responsible for planning and producing the Institute for Private Capital's robust calendar of in-person events as well as virtual webinars and workshops. Before coming to IPC, Dorothy worked at Boston University in the Office of the Provost, where she served as Administrative Coordinator and Visual Arts Specialist for the BU Arts Initiative. She received her master's degree in Arts Administration from Boston University's Metropolitan College.
Job Titles:
- Associate Professor in Real Estate and Infrastructure Finance at University College London
Dr Stanimira Milcheva is an associate professor in Real Estate and Infrastructure Finance at University College London. Previously, she worked at Henley Business School, University of Reading and at the University of Regensburg. She obtained her undergraduate and graduate degree in Economics from the University of Mannheim and has a Doctorate in Economics from the University of Regensburg. Stani's research is in real estate and infrastructure finance and affordable housing (more). She has published in a number of high-esteemed journals of finance, urban economics, real estate, and economics. Those include the Journal of Corporate Finance, Journal of Banking and Finance, Research in International Business and Finance, Journal of Macroeconomics, Regional Science and Urban Economics, Journal of Real Estate Finance and Economics, Journal of Housing Economics, Journal of Property Research, Journal of European Real Estate Research, International Journal of Housing Markets and Analysis, Journal of Real Estate Portfolio Management.
Job Titles:
- Finance, University of North Carolina, Kenan - Flagler Business School
Job Titles:
- Senior Research Associate
Frank assists research faculty and Ph.D. students in model development and computational methods and also serves as an Adjunct Professor at Kenan-Flagler Business School. He previously served as postdoctoral researcher in the computer science department at Yale University. He received his Ph.D. in mathematics at NYU where he taught a number of mathematics courses including courses in multivariable calculus and linear algebra. Frank also holds an MBA from UNC Kenan-Flagler Business School.
Job Titles:
- Expert on Financial Economics
- Professor of Finance, University of North Carolina, Kenan - Flagler Business School
Jacob Sagi is an expert on financial economics, decision theory and real estate finance. His current research interests include risk and return in commercial real estate assets and related securities markets, text-analysis, the intersection of asset pricing with macroeconomics and real options. His decision theory interests include the modeling of decision making under uncertainty, unforeseen contingencies and reference-dependent choice. His research has appeared in such leading publications as Econometrica, The Journal of Economic Theory, The Journal of Finance, The Journal of Financial Economics and The Review of Financial Studies. Dr. Sagi's research has received numerous distinctions. His work on closed-end funds with Martin Cherkes and Richard Stanton, published in the Review of Financial Studies, received the Best Paper award at the 2006 Utah Winter Finance Conference, one of the most selective conferences in financial economics. His solo work on property-specific risk in commercial real estate was similarly honored in 2017. Dr. Sagi previously served on the faculty at the Owen Graduate School of Management at Vanderbilt and the Haas School of Business at the University of California, Berkeley.
He received his PhD in financial economics and a PhD in physics from the University of British Columbia. He earned his B.Sc. with honors in physics from the University of Toronto.
Jay is a Partner at Plexus Capital. Jay is a member of the senior leadership team and works alongside the other team members to chart the strategy and vision for Plexus. In addition, Jay interacts with investors, assists with sourcing new investment opportunities, and helps oversee the portfolio.
Jay is a graduate of the University of North Carolina where he earned a Bachelor of Arts in English and Interdisciplinary Studies. After UNC, Jay was an investment banking analyst with Bowles Hollowell Conner & Company in Charlotte, NC. After BHC, Jay spent eight years as a Partner at Florida Capital Partners, in Tampa where he helped to lead the firm and to build the firm's business development engine.
In January of 2000, Jay joined Audax Group. During his 19 years with the Audax, he served as senior member of the leadership team of Audax Group and Audax Private Equity. Jay focused on deal sourcing and business development, but also served on the investment committee and played an active role in charting the strategy and direction of the firm, contributing to recruiting, training, investor relations, professional development, financing and portfolio operations.
Jay is an active member of several M&A and business networking organizations, including YPO and ACG.
Jay is originally from Greensboro, North Carolina. Jay and his wife live in Raleigh.
Job Titles:
- Founding Partner
- Finance & Real Estate, Indiana University Visiting Professor, Johns Hopkins Carey School of Business
Jeffrey D. Fisher, Ph.D. is a founding Partner in the Pavonis Group, LLC and Director of Research and board member with RealNex. He is also President of the Homer Hoyt Institute, a Professor Emeritus of Real Estate at the Indiana University Kelley School of Business, Visiting Professor at Johns Hopkins University and a Research and Educational Consultant to the National Council of Real Estate Investment Fiduciaries (NCREIF), and serves on the advisory board of Sterling Valuation.
Dr. Fisher has served on the board of directors of the Pension Real Estate Association, the National Council of Real Estate Investment Fiduciaries (NCREIF) and the Real Estate Research Institute (RERI). He served as President of the American Real Estate and Urban Economics Association (AREUEA) in 1990 and the 1986-87 Chairman of the Real Estate Center Directors and Chairholders' Association.
Professor Fisher has a doctorate in Real Estate from Ohio State University
Jessica Amato is Assistant Director of the Institute for Private Capital. Since 2015, Jessica has coordinated member outreach, developed new members and facilitated participants and sponsors for events, specifically the annual Alternative Investments Conference and other, global research symposiums.
Previously, Jessica was an Account Manager for Coleman Research, a global financial institution research firm, and a middle and high school science teacher and adjunct biology faculty at Robert Morris University. Jessica has a Master's Degree in Education from Robert Morris University and a Bachelor's Degree from Colgate University.
Job Titles:
- Head of the Entrepreneurial Management Unit
- Schiff Professor of Investment Banking, Harvard Business School
Josh Lerner is the Head of the Entrepreneurial Management Unit and the Jacob H. Schiff Professor of Investment Banking at Harvard Business School. Much of his research focuses on venture capital and private equity organizations. He also examines policies on innovation and how they impact firm strategies. He co-directs the National Bureau of Economic Research's Productivity, Innovation, and Entrepreneurship Program and serves as co-editor of their publication, Innovation Policy and the Economy. He founded and runs the Private Capital Research Institute, a nonprofit devoted to encouraging access to data and research, and has been a frequent leader of and participant in the World Economic Forum projects and events. Among other recognitions, he is the winner of the Swedish government's Global Entrepreneurship Research Award and Cheng Siwei Award for Venture Capital Research. Prof. Lerner graduated from Yale College and then earned a Ph.D. from Harvard's Economics Department.
Job Titles:
- Director of Public & Private Partnerships at the Kenan Institute of Private Enterprise
- Director of Public & Private Partnerships, Kenan Institute of Private Enterprise
Melissa Waller is Director of Public & Private Partnerships at the Kenan Institute of Private Enterprise. In this role, she works to develop partnerships with government entities, industry leaders and academic institutions aligned with the Institute's mission and those of its affiliated research centers.
Previously Waller served as the former Deputy Treasurer and Chief of Staff for the North Carolina Department of State Treasury, where she successfully oversaw Department strategic planning, operations, and public-policy implementation, along with a staff of more than 400 employees. The North Carolina Retirement Systems, the pension fund for the state, is the tenth largest public pension fund in the United States, with assets in excess of $100 billion.
Waller's background includes over 20 years of private and public-sector financial industry experience, including 15 years in the banking sector with Wachovia/Wells Fargo. She currently also serves as Executive Program Director for the National Institute of Public Finance within the NAST Foundation and is the President of the AIF Institute.
Waller graduated from the University of North Carolina at Chapel Hill with a B.A. in journalism and mass communication and a concentration in instructional design.
Job Titles:
- Member of the Adams Street Partners Executive Committee
- Member of the CFA Society of Chicago
- Partner & Head of Investment Strategy and Risk Management, Adams Street Partners
Miguel sets investment strategy and oversees the firm's risk management function while collaborating with investors to formulate strategies that leverage Adams Street's global investment capabilities.
Miguel works closely with investors in the management of their portfolios, including the development and ongoing monitoring of their private market programs. He is actively involved in the portfolio construction and monitoring of our various fund of funds programs and separate accounts. In addition, he maintains relationships with investment consultants to ensure continuity of client objectives.
Miguel is a member of the Adams Street Partners Executive Committee, Portfolio Construction Committee, New Product Committee, and Investment Pricing Committee, and Co-Chair of the Diversity and Inclusion Committee.
Miguel is a member of the CFA Society of Chicago and the CFA Institute, as well as Board Member of the Institute for Private Capital.
Previous Experience
Brinson Partners/UBS Global Asset Management
Job Titles:
- Finance, Tuck School of Business at Dartmouth
Morten Sørensen is an Associate Professor of Finance, at Tuck School of Business at Dartmouth. He previously taught at Copenhagen Business School and Columbia Business School, and was a Research Fellow at Centre for Economic Policy Research. Morten Sørensen's research is in the areas of Entrepreneurial Finance, Venture Capital, and Private Equity. His research is about understanding the behavior, performance, and economic effects of venture capital and private equity both in individual transactions and in the broader economy. His studies have investigated the risks, returns, and illiquidity inherent in venture capital, private equity, and other alternative investments; the effects of private equity and venture capital investments on individual companies and for industries; and the role of management in venture capital and buyout deals. He has been awarded numerous research grants, including a Sapere Aude Forskningsleder grant and a Netspar grant. His research has been presented worldwide at numerous universities and conferences. It has been featured in the Wall Street Journal, New York Times, Financial Times, Bloomberg, CNBC, and BusinessWeek. It has been published in leading academic journals, including the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Management Science.
Job Titles:
- Associate Professor of Finance
Morten Sørensen is an Associate Professor of Finance, at Tuck School of Business at Dartmouth. He previously taught at Copenhagen Business School and Columbia Business School, and was a Research Fellow at Centre for Economic Policy Research. Morten Sørensen's research is in the areas of Entrepreneurial Finance, Venture Capital, and Private Equity. His research is about understanding the behavior, performance, and economic effects of venture capital and private equity both in individual transactions and in the broader economy. His studies have investigated the risks, returns, and illiquidity inherent in venture capital, private equity, and other alternative investments; the effects of private equity and venture capital investments on individual companies and for industries; and the role of management in venture capital and buyout deals. He has been awarded numerous research grants, including a Sapere Aude Forskningsleder grant and a Netspar grant. His research has been presented worldwide at numerous universities and conferences. It has been featured in the Wall Street Journal, New York Times, Financial Times, Bloomberg, CNBC, and BusinessWeek. It has been published in leading academic journals, including the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Management Science.
Job Titles:
- Retired ) Head of Research
Mr. Craig Joseph Nickels, CFA, formerly served as Head of US Fund Investments at Abu Dhabi Investment Authority. Mr. Nickels has been a Private Equity Investor since 1993 and has worked at the University of Texas Investment Management Company (UTIMCO). He was a Partner at Alignment Capital Group, LLC. He served as Partner and Chief Investment Officer at Fortman Cline Capital Partners. He served as the Head of Private Equity at Washington University Investment Management Company and also served as its Director of Private Markets. He was a Small-Cap Stock Analyst and Portfolio Manager at the University of Texas System.
He, together with Mr. Austin Long, co-invented the Index Comparison Method (ICM), now published in the Venture Economics Yearbook as the Public Market Equivalent (PME) method of benchmarking private market investment performance against a public market index.
He serves as a Member of the Advisory Board of Pelion Venture Partners. He served as a Director of Neurologix Inc. from June 2003 to May 7, 2009 and Change Technology Partners, Inc. since June 13, 2003. He sat on 12 fund Advisory Boards, one of which was based in Asia and had Observer seats on the Board of two co-investments. He is a Member of the CFA Institute and the C.F.A. Society of Austin. He is a qualified CFA. Mr. Nickels received his BBA from The University of Texas at Austin in 1981.
Nancy Wallace is the Lisle and Roslyn Payne Chair in Real Estate Capital Markets; Professor and Chair of the Real Estate Group and Co-Chair, Fisher Center for Real Estate and Urban Economics at the University of California at Berkeley. Since 1986, Nancy has held numerous positions at the University in addition to serving on the Model Validation Council of the Federal Reserve System, the Financial Research Advisory Committee of the Office of Financial Research, and the Board of Director of the American Real Estate and Urban Economics Association. Her research focuses on housing price indices and models to monitor residential real estate price movements, mortgage prepayment and pricing models, mortgage contract design, option pricing models for pricing commercial and retail real estate leases and executive stock option valuation. Nancy received both a BA and PhD from the University of Michigan.
Job Titles:
- Retired, Senior Vice President & Product Manager, Corporate & Institutional Services, Northern Trust Corporation
As a Global Product Manager in the North America Alternative Fund Services group, Paul specializes in alternative assets reporting, including the tracking, measuring, and administering of private equity and hedge fund portfolios. His expertise at Northern Trust includes extensive risk and performance analysis consulting and investment policy development.
Paul was instrumental in developing Northern Trust's private equity monitoring capability, and currently manages the Northern Trust Private Monitor® product line. He developed the industry's first commercially available private equity partnership cash flow projection model.
Paul has authored numerous articles and papers on alternative assets and investment analysis topics. As a conference speaker, Paul addresses audiences worldwide on issues affecting alternative assets including the evolution of performance techniques and overcoming data transparency challenges.
Prior to joining Northern Trust, Paul worked at SEI Corporation in their consulting services unit (formerly A.G. Becker). His experience at SEI included product management, where he developed quantitative performance measurement analyses, capital markets research, and asset/liability studies.
Paul has Bachelor's Degree in Business from DePaul University and is a certified product manager.
Job Titles:
- SSE Centennial Professor of Finance and Private Equity, Stockholm School of Economics Adjunct Professor of Finance, Booth Business School, University of Chicago
Per Strömberg is the SSE Centennial Professor of Finance and Private Equity at the Stockholm School of Economics. He is currently the holder of the Ragnar and Torsten Söderberg Professorship in Economics 2014-2018. He is also Adjunct Professor of Finance at the University of Chicago Booth School of Business. He received his Ph.D. in Financial Economics from Carnegie Mellon University and holds an MBA (civilekonom) from the Stockholm School of Economics. Dr Strömberg's research has primarily focused on the two areas of bankruptcy and private equity finance. His work has been published in Journal of Finance, American Economic Review, Review of Economic Studies, Review of Financial Studies, and Journal of Financial Intermediation and has been presented at numerous conferences and universities. His research was been twice awarded with the Brattle Group Prize for best corporate finance paper published in the Journal of Finance in 2001 and 2009, and the 2007 Stuart Greenbaum Award for the best paper published in the Journal of Financial Intermediation.
Job Titles:
- Managing Director
- Managing Director, AlpInvest Partners
Peter is a Managing Director responsible for analyzing the economic and financial environment for private equity markets and examining the implications for AlpInvest Partners' strategic asset allocation. He joined the firm in 2005 from Royal Dutch Shell, where he was Group Chief Economist.
Previously, he was Chief Economist and Director of the World Economic Forum's Global Competitiveness Program. Prior to that, he was head of international economic research at Deutsche Bank and a senior economist with the International Monetary Fund. Peter studied at the London School of Economics and the University of Göttingen where he received his doctorate in Economics. He has been a visiting professor at Leuven Gent Vlerick Management School and a visiting scholar at Harvard University. He is the author of International Investments in Private Equity (Elsevier, 2011) and a co-author of Mastering Illiquidity (Wiley, 2013).
Job Titles:
- Senior Research Associate and Professor of Finance, Wake Forest University
Philip holds a doctorate in finance from the UNC Kenan-Flagler Business School, as well as a master's and bachelor's degrees in statistics and operations research from the University of North Carolina at Chapel Hill.
Job Titles:
- Head of Risk in the Private Equities Department of the Abu Dhabi Investment Authority
- Head of Risk, Private Equities Department, Abu Dhabi Investment Authority ( ADIA )
Pierre-Yves Mathonet is Head of Risk in the Private Equities Department of the Abu Dhabi Investment Authority ("ADIA"). Previously, he was the Head of the private equity risk management division of the European Investment Fund (part of the European Investment Bank group), worked as an investment banker in the technology groups of Donaldson, Lufkin & Jenrette, and Credit Suisse First Boston, and, previously, for the audit and consulting departments of PricewaterhouseCoopers.
Pierre-Yves has co-authored several books including "Beyond the J Curve", "J Curve exposure" and "CAIA Level II: Advanced Core Topics in Alternative Investments".
He holds a Master of Science cum laude in Finance from London Business School and a Master of Science magna cum laude in Management from Solvay Business School in Brussels. He is also a Certified European Financial Analyst cum laude.
Job Titles:
- Research Director, IPC Professor of Finance, Sarah Graham Kenan Distinguished Scholar, University of North Carolina, Kenan - Flagler Business School
- Research Initiatives
Job Titles:
- Student in Finance, UNC Kenan - Flagler Business School
Job Titles:
- Chairman in Real Estate Capital Markets
Roslyn Payne Chair in Real Estate Capital Markets; Professor and Chair of the Real Estate Group; Co-Chair, Fisher Center for Real Estate and Urban Economics, University of California at Berkeley
Job Titles:
- Chairman Professor
- Zable Endowed Chair
Rossen Valkanov is the Zable Endowed Chair in Management and Professor of Finance at the Rady School of Management, and inaugural Co-Director of the new Master's in Finance program. He received his Ph.D. in economics from Princeton University (1999) and graduated summa cum laude from the University of California, Irvine with a BA in economics (1995). His main research interests are in the areas of empirical finance, financial econometrics, financial forecasting, risk management, portfolio allocation, and real estate. Professor Valkanov has authored numerous articles and book chapters. His research has been published in some of the most prestigious peer-reviewed journals such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. Empirical methods and big data applications based on his research-such as Mixed Data Sampling Regressions (MIDAS), parametric portfolio approaches, and forecasting procedures-have received significant interest from the finance industry practitioners. He is currently Editor of the Journal of Empirical Finance.
Professor Valkanov has taught at UCLA, UC Berkeley, Princeton, and various other institutions in the US and abroad. He is an award winning educator and teaches regularly in the Masters of Finance, Full-Time MBA, Flex MBA, Evening MBA, and Executive MBA programs at UCSD. He is a member of many professional organizations, including the American Finance Association, the American Economic Association, the Econometric Society, and the American Real Estate and Urban Economics Association.
Most notably, his past research has developed new approaches to measuring and attributing the performance of mutual funds, pension funds, and hedge funds, as well as devising winning strategies for investing in these funds. Professor Wermers also studies the investment behavior of these asset managers, as well as the impact of their trades on stock markets. His papers have been published in leading scholarly journals, such as The American Economic Review, The Review of Financial Studies, The Journal of Financial Economics, and The Journal of Finance. His article on mutual fund "herding" and stock prices (Journal of Finance, 1999) won the NYSE Award for the Best Paper on Equity Trading in 1995. His coauthored article on mutual fund performance was a finalist for the Smith-Breeden Award for the Best Paper in the Journal of Finance during 2006/2007. Professor Wermers consults for the hedge fund, pension fund, and mutual fund industries. He is coauthor of a book on the latest scientific approaches to performance evaluation and attribution of professional fund managers, written for academics and practitioners (published in December 2012).
He received his Ph.D. from the University of California, Los Angeles, in December 1995.
Sarah Franks is Executive Director at the Institute for Private Capital, responsible for managing and developing relationships with current and prospective IPC members and partners.
Sarah has an extensive background in business development and finance, joining IPC from Absolute Strategy Research, a global independent macro research provider. She began her career as a research analyst with the Global Investment Strategy group at Merrill Lynch, working in London and in New York.
Sarah graduated from the University of Virginia's McIntire School of Commerce.
Job Titles:
- Vice President of Global Mergers and Acquisitions, Sonoco
Shawn Munday is Vice President of Global Mergers and Acquisitions at Sonoco. Before joining Sonoco in 2022, he was professor of the practice of finance and executive director of the Institute for Private Capital at UNC Kenan-Flagler. Professor Munday was formerly a managing director in the alternative assets group at Citigroup where he advised and financed alternative asset managers on over $75 billion of transactions including leveraged buyouts, dividend recapitalizations, bolt-on acquisitions, IPOs and divestitures. Prior to Citigroup, he served as a commissioned submarine officer in the U.S. Navy. He received his MBA from UNC Kenan-Flagler and a BS in electrical engineering from the United States Naval Academy.
Job Titles:
- Chief Investment Officer, Missouri State Employees' Retirement System