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ILPA Institute: Private Equity for the Trustee San Francisco (September)

The Private Equity for Trustees course, part of ILPA’s “Comprehensive” class series, provides a complete experience for the participant who wishes to understand and evaluate private equity investing from a trustee or a stakeholder perspective. The course explores the basic aspects of the private equity asset class, the economics of a private equity investment, the current state of the market and its external perception.

This course combines (i) an especially intelligent curriculum design built around the rhythm of private equity investment, with an infusion of (ii) ILPA’s Principles, templates and associated resources and (iii) significant interactivity and peer-to-peer learning driven through structured conversations and the use of a custom case study.

Who Should Attend?

This course is designed for trustees and those responsible for fund governance, or for those who work closely with trustees to understand the program management perspective on private equity investments.

Course Date and Fees
September 28-29, 2022 (San Francisco, CA)

Member Early Bird rate: $1,499

Member rate: $1,999

Early Bird Deadline: August 19, 2022

The ILPA Institute is excited to welcome back our members to the classroom in September 2022! Please visit ILPA's Health and Safety Page for current information on  policies and procedures at ILPA events.

Key Learning Objectives

  • Articulate the basics of the asset class and the role it plays in a balanced portfolio
  • Explain fees required to invest in private equity, and how the economics benefit the investor
  • Define the rationale for particular private equity investments within the portfolio and the importance of manager selection
  • Understand the key terms and regulatory bodies that serve as protections for the private equity investor
  • Interpret key financial metrics in private equity and identify benchmarks for evaluating fund performance
  • Evaluate the internal resources needed to support a private equity investment program
  • Apply a forward-looking perspective to private equity investing and anticipate how to react to market cycles


PRE-REQUISITE: No pre-requisites are required to attend the program

PRE-READING: There are no pre-reading materials for this program



CPE Sponsors logo

Institutional Limited Partners Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:



We are accredited by the State Pension Review Board as a Minimum Educational Training (MET) sponsor for Texas public retirement systems. This accreditation does not constitute an endorsement by the Board as to the quality of our MET program.


CFA Institute: ILPA members have the ability to earn CE credit for their participation in this program and can use their online CE tracker to document it. Any questions can be directed to the CFA Institute at


September 28 - September 29
Event Categories:
ILPA Institute, North America




San Francisco
San Francisco, CA United States
+ Google Map

Venue Details To Be Confirmed Shortly

Sharmila Kassam

Lead Instructor

Shar is an attorney, business professional, and institutional investor. She helps connect businesses with fund advisory and related services to drive growth, performance, and value. With her deep experience in investment structures, market mechanics, asset allocation, portfolio construction, and asset management products and services, Shar provides clients with sage advice and practical guidance to help them achieve their strategic goals. Before joining Michael Best, Shar was Deputy Chief Investment Officer for the Employees Retirement System of Texas (ERS), where she led investment planning and strategy by co-managing a nearly $30 billion multi-asset class portfolio. She served as voting member on investment committees and conducted due diligence for manager recommendations in public equity, private equity, and hedge funds. She focused on asset allocation, staff development, and transaction structuring.

Terri Troy

Lead Instructor

Terri Troy, CFA ICD.D is President at Troy Advisory Services. Terri retired in 2018 as CEO of the Halifax Regional Municipality Pension Plan. She has more than 25 years of experience in investment management, pensions, corporate strategy, and mergers and acquisitions. As CEO of the Halifax Regional Municipality Pension Plan, she transformed the governance structure, investment strategy, and customer service function between 2016-2018. Innovative investment strategies implemented included factor investing, portable alpha, and a significant emphasis on private investments including co-investments, syndications/club deals with other large institutional investors, and direct investments, etc. While CEO, Terri was a Board member of Calon Energy, a UK based energy company and a Board member of Alignvest Management, a Canadian financial services corporation. She was a member of Investor Advisory Committees for various global private investments including UK, European and US private equity; UK, Australian and Canadian infrastructure; European, UK, Asian, US and Canadian real estate; and European, UK, and US private debt.

 Debbie Kozole, Manager, Private Equity, Chrysler Group LLC
Debbie Kozole, Manager, Private Equity, Chrysler Group LLC
“I gained a new perspective on investing in private equity after attending the Module 2 program. I walked out of the course knowing what I should be looking for and how I should be looking at our private equity program. It provided hands-on experience and tangible takeaways that I was able to apply back in the office. In addition, the group interaction and ability to hear how my peers handle similar challenges was enlightening.”
(2011 ILPA Institute Level II Module 2 participant)
 Tom Heck, Chief Investment Officer, Ball State University Foundation
Tom Heck, Chief Investment Officer, Ball State University Foundation
“The Level II Module 2 program provided excellent focused content on practical PE issues. In particular, the sections on modeling and benchmarking provided great insight and valuable takeaways and tools.”
(2011 ILPA Institute Level II Module 2 participant)
 Gary Ometer, Chief Financial Officer, Virginia College Savings Plan
Gary Ometer, Chief Financial Officer, Virginia College Savings Plan
“The Level II Module 2 program was the first ILPA event I attended. The educational content and the quality of the materials in particular, were excellent. The information I took away on operational requirements, portfolio monitoring, and modeling was very useful in my day-to-day work. The speakers were very knowledgeable and provided great responses and insights to the groups’ questions. Finally, I truly enjoyed the opportunity to network with others in the industry. I look forward to attending future ILPA events.”
(2011 ILPA Institute Level II Module 2 participant)
 Natalia Ilmark, Investment Manager, Skandia
Natalia Ilmark, Investment Manager, Skandia
“The program provided excellent materials; which I plan to continue to use as resources in my current role. The speakers were very knowledgeable, unquestionably experts in their fields.”
(2012 ILPA Institute Level II Module 2 participant)
 Maria Cristina Albarracín, Head of Private Equity, Bancóldex S.A
Maria Cristina Albarracín, Head of Private Equity, Bancóldex S.A
“This program does a great job of covering key issues related to LP portfolio framework and management. The excel models were a valuable takeaway and I will be implement what I’ve learned when building my own spreadsheets.”
(2012 ILPA Institute Level II Module 2 participant)