We are excited to have you join us on May 10th, 2024 for Allocator Exclusive’s State of Private Equity: A look at the cycle, LP allocations, direct and co-investments roundtable to gain insights from family offices and institutional investors. Our expert panel, featuring industry leaders:
Paul Carbone, Vice Chairman of Pritzker Private Capital
Paul Carbone is Co-Founder and Vice Chairman of Pritzker Private Capital (PPC). In 2012, Paul joined PPC’s predecessor company and later PPC as Managing Partner and led the Firm’s growth and development for more than ten years. Prior to PPC, Paul was the Director and Managing Partner of Robert W. Baird & Co.’s Private Equity Group (a buyout, growth and venture investor) after serving as Co‐Director of Investment Banking responsible for Robert W. Baird & Co.’s Mergers and Acquisitions Advisory practice. Previously, Paul was Senior Vice President in the Investment Banking Group at Kidder, Peabody & Co.
In 2016, Paul received the Stanley C. Golder Award from the Illinois Venture Capital Association in recognition of his contributions to the private equity industry in Illinois. Paul has served as an EY Entrepreneur of the Year regional judge as well as national judge for the Family Business category. In 2020 and 2022, Family Capital magazine named Paul one of the Top 100 most influential people among family investors and family enterprises. In 2024, Paul was named to Family Capital magazine’s FamCap 50 as one of the top investors in the world of family capital.
Paul serves on the board of trustees or directors of The University of Chicago, University of Chicago Medical Center, The Art Institute of Chicago, The Larry H. Miller Company, and Misericordia Home. He also serves on the Board of Advisors for Morgan Street Holdings. In addition, Paul is a member of the Commercial Club of Chicago and the Economic Club of Chicago.
Paul received his M.B.A. from Harvard Business School and his B.A., Phi Beta Kappa, from The College of the University of Chicago
Josh Roach, Managing Director of Meritage Group LP
Josh Roach is a trusted peer and long-time member of the SFO (single-family-office) community where, over the last fifteen years, he has created significant social capital through his efforts to build like-minded networks and collaborative models to: (a) merge common interests and objectives, (b) pool and leverage specialized industry knowledge and skill sets, and (c) optimize alignment between asset owners in co-investment vehicles. He is Managing Director of Meritage Group, a private investment firm and investment family office for the Simons family and principals of Renaissance Technologies. Meritage Group is a fundamentally oriented investment firm investing across all asset classes, including control stakes in direct private operating platforms.
Prior to Meritage Group, Josh was co-manager and family principal of LCP (Lloyd Capital Partners LLC), an investment company vehicle for the Henry Demarest Lloyd Family, whose wealth creation originated from its shared ownership in The Chicago Tribune starting in 1873 through to its public listing on the NYSE in 1983.
Josh is a frequent speaker on the topics of collaborative networks and co-investing at trusted SFO forums and has chaired events such as Campden Wealth’s North American Family Investment Conference, Institutional Investor’s Family Office Wealth Forum, and Stanford University’s Global Projects Center’s Stanford Investor Forum.
Prior to joining the SFO community, Josh spent ten years in the software industry in corporate development roles where he worked with the various company’s venture partners on strategic initiatives, acquisitions, and exits. Josh graduated from the University of Vermont in 1993. Prior to that he was a nationally ranked alpine ski racer and attended Killington Mountain School and graduated from Choate Rosemary Hall.
The Meritage strategy was established by Jim Simons and Nat Simons in 1997 to manage excess capital generated by Renaissance Technologies’ Medallion Fund. Meritage Group currently manages in excess of $10B (as of January 1, 2023), primarily from the Simons family and from current and former principals and employees of Renaissance and Meritage and their respective families. Meritage Group is a core of holding of its primary investors with a focus and philosophy on wealth preservation. Meritage executes a fundamentally oriented, evergreen investment strategy, designed to generate low double-digit returns with a fraction of the market exposure, resulting in a lower volatility portfolio. Meritage has a long history of generating alpha for its investors. The portfolio is a diversified holding of assets consisting of private direct equity control operating platforms, real estate assets, public equity, private credit, and opportunistic and specialized investment ideas. Meritage has approximately 50 employees (25 investment analysts and 25 staff) in offices located in Greenwich, CT, San Francisco, CA and New York City, NY.
David Simpson, Investment Officer of Los Angeles County Employees Retirement Association
Over the past 15 years, as an institutional money manager, David has underwritten over $3 billion in private equity commitments around the world. Currently, he is an Investment Officer at the Los Angeles County Employees Retirement Association (LACERA), a $65 billion pension plan serving the 165,000 workers of LA County.
He is primarily focused on the private equity portfolio covering domestic buyouts and opportunities in emerging markets. David also represents LACERA as a member of the ILPA Diversity & Inclusion Council. In prior roles, David was the Research Director for a family office in Dubai, an Investment Analyst at SFERS, and a Director of Finance at Charles Schwab.
David graduated from Harvard with an AB in Psychology & Social Relations and holds an MS in Finance from the University of Colorado at Denver. Currently, David is completing work towards a Doctorate in Business Administration at the University of Liverpool. David also completed UCLA’s graduate program in Advanced Screenwriting. David has attended screenwriting seminars with Michael Hauge and workshops with Daniel John Carey. David has completed seven feature-length screenplays including “Over the Edge”, a Chesterfield semifinalist; “Thompkins Glen”, an American Accolades semifinalist, and “10 Days of Anya”, which advanced to the 2nd round at the Austin Film Festival. David’s animated short film, “The Incredible Journey of Oscar Berger”, was an official selection in seven film festivals, winning an Award of Excellence at the International Film Festival in Indonesia in the category of ‘Spirituality-Religion-Visionary International Short Films’. David has traveled to over thirty countries, and in his free time, writes feature-length screenplays and is an avid tennis player.
About Allocator Exclusive
Allocator Exclusive is an invite-only non-profit organization created by allocators, specifically for allocators. It was established in 2021 with a clear mission to form a virtual network exclusively for allocators.
Our exclusive roundtable events bring together distinguished participants from various sectors, including family offices, endowments, foundations, pensions, government treasuries, and sovereign wealth funds. Allocator Exclusive is committed to remaining non-profit and free from any costs, sell-side influence, pitches, or sponsors.
We invite you to join our Allocator Exclusive Roundtable, held on the second Friday of each month. It’s a unique opportunity to connect with like-minded allocators in a focused and exclusive setting.
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