ILPA selects new board line-up

Ken Fish, Mark Wiseman and Jeff Sharpe have taken board seats at the Institutional Limited Partners Association, the trade body representing institutions active in private equity.

(PrivateEquityCentral.net) The Institutional Limited Partners Association, the trade organisation comprised of the major institutional backers of private equity funds, selected a new line-up of board members at its annual meeting earlier this month.

Ken Fish, a senior investment officer with GIC Special Investments, the private equity group associated with the Government of Singapore, was named treasurer of ILPA, replacing Mark Barnard of the Howard Hughes Medical Institute.

Mark Wiseman, director of the Ontario Teachers’ Merchant Bank, was named chair of the program committee, replacing Kevin Kester of Colorado’s Public Employees’ Retirement Association.

Jeff Sharpe, of Lockheed Martin Investment Management Company, was re-elected secretary of ILPA by its members.

Two ILPA members were elected “at-large” members at the conference – Raul Diaz of Knight Foundation, and John Hsuan of Pepperdine University’s treasurers’ office.

ILPA’s annual meeting, closed to non-members, was held in early October in Santa Monica, California. The association’s 2002 meeting was held in Toronto. This year, the event’s host committee was comprised of Gerry Flintoft of the Los Angeles County Employees’ Retirement Association, Ben Liou of The J. Paul Getty Trust, and Pepperdine’s Hsuan.

ILP’s chairman remains CalPERS alternative investment head Rick Hayes, and the association’s vice chair is Frank Fernandez, head of alternatives for the Florida State Board of Administration.

In March, ILPA appointed Arlett Tygesen, of the Ontario Municipal Employees Retirement System, executive director of the association.

The ILPA is a non-profit organisation with a stated goal of providing a forum for major LPs to communicate with one another. Among the many issues the group is interested in is reporting and valuation standards. Canada Pension Plan Investment Board’s Mark Weisdorf is chair of ILPA’s research, benchmarking and standards committee.

ILPA now includes more than 150 members from roughly 10 countries. Its members represent in excess of $1 trillion in assets under management. Members include corporate and public pension plans, endowments and foundations, insurance companies and other institutional investors.