Wilshire Associates senior managing director and board member Tom Lynch will leave the investment advisory firm at the end of the year for “personal reasons”, according to a spokeswoman. Lynch was not available for comment.
The firm has not yet begun looking for a replacement for Lynch, who oversaw its Private Markets Group. The spokeswoman said other executives will share his responsibilities after his departure.
Before joining Wilshire in 1991, Lynch worked at New York Life Insurance Company, where he made direct private market investments in debt and equities.
He also serves on the advisory boards of partnerships managed by ABRY Partners, Adams Capital, Brera Partners, JW Childs and Jupiter Partners.
The Wilshire Private Markets Group currently manages $5.4 billion (€3.9 billion) in discretionary portfolios.