Mergermarket Private Equity Forum Austin 2023
Mergermarket's brand-new event for the American private equity community!
Four Seasons Hotel, Austin
04
Oct
LP allocations to private equity: staying committed
Please Note: This session will not be available to watch on-demand.
Despite continued economic upheaval, LPs remain committed to private equity as an asset class, although investors are favoring different strategies, sectors and specializations beyond large fund buyouts, with a particular focus on the middle market and co-investments. What does the outlook hold for LP allocations in 2024? A panel of top regional institutional investors will share their views on capital allocation and portfolio construction and discuss the unique complexities that they are facing, as well as their top priorities for the year ahead.
- What are the top opportunities and concerns affecting LP allocation decisions as we head towards 2024?
- What strategies and sectors are investors prioritizing as they navigate the current market- are LPs favoring smaller funds as opposed to buyouts?
- Will co-investments continue to play an increasingly large role in LP’s portfolios, and how does this impact LP-GP relationships?
- Will LPs remain overallocated to the private markets, and where are LPs looking for emerging market asset allocation?
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SpeakersCarlos Martinez Canada Editor MERGERMARKET
Jewel Chen Private Equity Portfolio Manager TEXAS PERMANENT SCHOOL FUND CORPORATION
Scott Ramsower Head of Private Equity Fund Investments TEACHER RETIREMENT SYSTEM OF TEXAS
Chirag H. Shah Senior Portfolio Manager, Private Equity ALASKA PERMANENT FUND CORPORATION
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After eight years collaborating for Mergermarket from Latin America, Carlos is joining our staff as the new Canada Editor, where he will boost coverage and build up a strong source network, as well as spearhead Mergermarket’s energy and mining reporting.
Carlos started out as a Colombia correspondent in late 2014 and quickly became a crucial member of the Latin America team, helping with edits, sharing leads on Teams, and closely collaborating with Debtwire and Infralogic’s regional teams. He was named Deputy Latin America Editor in 2021.
Prior to joining Mergermarket, Carlos was senior features editor at Mexico’s leading business magazine and held similar roles at various other media outlets in Canada and the UK. He started his journalism career as a researcher/reporter at the Los Angeles Times’ foreign bureau in Mexico City back in 2005.
Carlos holds a bachelor’s degree in journalism from Thompson Rivers University in Canada and a master’s degree in international development from the University of Manchester in the UK. He is fluent in English and Spanish and is refreshing his high school French language skills. Outside of work he spends most of his time playing with his six-year-old daughter Sienna and walking his mixed-breed schnauzer Max.
Jewel Chen, JD, CFA, CPA, Private Equity Portfolio Manager, Texas Permanent School Fund Corporation
Jewel is a Private Equity Portfolio Manager at Texas Permanent School Fund Corporation. She leads underwriting and monitoring of primary funds and co-investments across diversified strategies and geographies. Previously, Jewel worked at CalPERS Private Equity, covering large buyout, secondary, coinvestments, and emerging manager strategies.
Previously, Jewel was a real estate attorney and a lead analyst at California State Treasurer’s Office, focusing on multifamily affordable housing developments with private equity investments via syndicated tax credit.
Jewel holds a J.D. cum laude, from University of Minnesota Law School. She received a B.S. with highest distinction from Purdue University Northwest with double major in Finance and Accounting and a minor in Applied Mathematics. Jewel is a licensed attorney, a CFA charterholder, and a CPA.
Scott Ramsower leads the Private Equity Funds Team at the Teacher Retirement System of Texas (TRS). Through his role at TRS, Scott has oversight responsibilities for the group’s approximately $33 billion private equity fund investment portfolio. In addition, he is a member of the Private Equity Investment Committee and Management Committee, through which he assists in the strategy and development of the overall private equity team and portfolio. Scott is also a member of the ILPA Board of Directors and an ILPA Faculty Member, helping to educate fellow practitioners in the private equity industry.
Prior to joining TRS in 2010, Scott was in the New York office of AlpInvest Partners, a leading private equity investor with over €35 billion in AUM. At AlpInvest, Scott focused on evaluating new private equity fund commitments to various strategies around the globe. Prior to AlpInvest, Scott was an associate in the equity research department of Morgan Stanley. Previously, he also worked in the consulting practice at PricewaterhouseCoopers.
Scott received a BBA, Finance from Texas A&M University.
Chirag has over 17 years PE industry experience globally. He is a Senior Portfolio Manager at the Alaska Permanent Fund Corporation, a ~$80B sovereign endowment with a ~$15B Private Equity portfolio. Prior to joining APFC, Chirag was in PE roles leading co-investments and fund investments at two established institutional investment organizations, DB Private Equity and GE Asset Management. He started his career in investment banking at Citi / Salomon Smith Barney in New York and Singapore. Chirag is also actively engaged in the broader PE community, serving as an advisory board member of the Hicks, Muse, Tate & Furst Center for Private Equity Finance at The University of Texas at Austin and a member of SEO’s Alternative Investments Limited Partner Advisory Council. He holds a BBA and MBA from The University of Texas at Austin.