The session begins with an insider's perspective on the private equity industry from a Principal at GTCR LLC. Since its inception, GTCR has invested more than $9 billion in over 200 companies Pathway Capital Management, a leading global private equity fund-of-funds manager, will challenge myths around private equity investing and share compelling data gathered in over four decades in the private equity industry. Pathway will discuss how to avoid the pitfalls currently in the market place and how to mitigate the most significant risks associated with investing in private equity funds. Finally, Pathway will suggest actionable steps to create a portfolio that consistently outperforms target benchmarks.
Event Details
With thousands of private equity funds to choose from, it is easy for institutional investors to invest in the private equity asset class, but difficult to do so successfully. Institutional investors can lose their way and end up following the herd into the latest "strategy du jour".
Program
6:00 PM-6:30 PM: Networking and Beverages
6:30 PM-7:30 PM: Presentation and Discussion
7:30 PM-8:00 PM: Panelist/Audience Q&A
8:00 PM-9:00 PM: Networking and Discussion
Speaker Profiles
Philip A. Canfield (Panelist) '96
Principal, GTCR LLC
http://www.GTCR.com
Phil joined GTCR in 1992 and became a Principal in 1997. Phil previously worked in the corporate finance department of Kidder, Peabody and Company. He holds an MBA from the University of Chicago and a BBA in Finance with high honors from the Honors Business Program at the University of Texas.
Phil is co-head of the Information Services & Technology Group at GTCR and has been focused on building this area for GTCR since 1996. Phil is currently a director of Sorenson Communications, IQNavigator, Global Traffic Network and Cannondale Investments. Phil has played a leadership role in a number of past investments involving AppNet, Transaction Network Services, DigitalNet, Cellnet and Solera.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered the "Leaders Strategy" – finding and partnering with management leaders as the critical first step in identifying, acquiring and building market-leading companies through acquisitions and organic growth.
Believing education is an important way of giving back, Phil is an active volunteer and sponsor for the Chicago Foundation for Education, a non-profit organization that seeks to improve the educational experience of Chicago's public school children. In addition, Phil is a member of the Council on the University of Chicago Booth School of Business, and a member of the Board of Trustees at the Latin School of Chicago.
Cheryl L. Maliwanag (Panelist)
Director, Pathway Capital Management LLC
http://www.pathwaycapital.com
Ms. Maliwanag joined Pathway in 1997 and is a director in the California office. She is responsible for investment analysis and due diligence, negotiating and reviewing investment vehicle documents, and client servicing. Additionally, Ms. Maliwanag serves on the advisory boards and valuation committees of several private equity investment limited partnerships.
Prior to joining Pathway, Ms. Maliwanag worked at BankAmerica Ventures, where she was responsible for originating and evaluating direct venture investments. She also assisted in establishing the bank's fund investment program subsequent to its merger with Security Pacific Bank. Prior to joining BankAmerica Ventures in 1993, Ms. Maliwanag held corporate and public accounting positions. She received a BS in business administration from California State University, Fullerton, and is a certified public accountant (inactive). Ms. Maliwanag serves on the board of directors of The Girl Scouts of Orange County.
Pathway Capital Management, LLC, is one of the largest private equity fund-of-funds managers in the world, with an average of more than 20 years of private equity experience among its senior investment team and more than $24 billion of assets under management. Formed in 1991, Pathway creates and manages single- and multi-investor private equity funds of funds for institutional investors worldwide. Since its inception, Pathway has participated in the development of more than 70 private equity portfolios, committing over $50 billion to more than 300 private equity funds across a wide variety of private equity strategies through varying market cycles.
Linda S. Chaffin (Panelist) '93
Vice President, Pathway Capital Management, LLC
http://www.pathwaycapital.com
Ms. Chaffin joined Pathway in 2011 and is a vice president in the California office. She is responsible for client servicing and business development in the United States.
Prior to joining Pathway, Ms. Chaffin worked at Marwit Capital, where she was responsible for investor relations, finance, and investment management. Her prior experience includes eight years with J.P. Morgan's Mergers & Acquisitions Group in New York, as well as corporate finance roles with GE Capital, Stern Stewart, and the Huntington National Bank. Ms. Chaffin received a BS in business administration from the Ohio State University and an MBA, with honors, from the University of Chicago Booth School of Business.
Pathway Capital Management, LLC, is one of the largest private equity fund-of-funds managers in the world, with an average of more than 20 years of private equity experience among its senior investment team and more than $24 billion of assets under management. Formed in 1991, Pathway creates and manages single- and multi-investor private equity funds of funds for institutional investors worldwide. Since its inception, Pathway has participated in the development of more than 70 private equity portfolios, committing over $50 billion to more than 300 private equity funds across a wide variety of private equity strategies through varying market cycles.
Questions
Vern Broders, '94
General Director of Marketing, Gentry Partners Ltd.
312.201.8622