The Institutional Limited Partners Association (ILPA), the international body for limited partner investors in the global private equity industry, has named Arlett Tygesen as its first executive director.
Tygesen, who works in the private equity funds group at OMERS (Ontario Municipal Employees Retirement System), will split her time equally between OMERS and the ILPA. She will be responsible for heading ILPA and managing the organisation on a day-to-day basis.
Tygesen has been a senior analyst in the private equity funds group at OMERS since 2000. Previously, she was in the public equity group at the pension plan and prior to that she was a research analyst at Whalen, Beliveau and Associates, a boutique investment firm.
Rick Hayes, chairman of the ILPA and senior investment officer for alternative investment management at CalPERS, said the appointment represented a ‘critical milestone’ for the organisation as Tygesen is the first appointed executive director at the ILPA.
The Institutional Limited Partners Association is a non-profit organisation which provides a forum for the promotion of research and best practices in the private equity industry. Members of the ILPA manage more than $60bn of private equity capital. Its membership comprises corporate and public pension plans, endowments and foundations, insurance companies and other institutional investors in private equity and includes more than 150 member organisations from nine countries.
The ILPA is led by an eleven-member board, headed by Rick Hayes, which includes, Frank Fernandez, vice chair of the Florida State Board of Administration, Kevin Kester, program director at the Colorado Public Employees’ Retirement Association, Garrett McDonald, of the World Bank Pension Fund and Mark Weisdorf of the Canada Pension Plan Investment Board.