Institutional Investor Dinner
Mr. Grossman joined the Pennsylvania Public School Employees’ Retirement System in March 1997 as the Compliance and Risk Manager. He served as Acting Chief Investment Officer from December 2001 to July 2002 and was promoted to Managing Director in July 2003. In December 2011, he was promoted to Deputy CIO. In July 2013, he was named Acting Chief Investment Officer and in January 2014 was named Chief Investment Officer. Prior to joining the retirement system, Mr. Grossman was employed by the international accounting firm of KPMG located in Harrisburg, Pennsylvania for over seven years and was promoted from assistant accountant to senior manager during this time. Mr. Grossman is married and has two children.
Jerry Albright is the Chief Investment Officer for the Teacher Retirement System of Texas (TRS). Mr. Albright previously served as TRS Investment Division’s Deputy Chief Investment Officer, Chief Operating Officer, as well as the Director of Investment Operations. As Chief Investment Officer he has oversight over one of the largest (23rd) pools of capital in the world. It is the 7th largest in the United States and a portfolio structure that includes a $50 billion dollar Global Public Equity portfolio, external and Internal, a $45 billion dollar Private Markets portfolio of Real Assets and Private Equity, as well as other innovative portfolio additions such as Hedge Funds and Risk Parity. The fund has also pioneered among US funds by opening foreign office locations under Albright’s directions, where he is the sole Director of TRICOT. TRS provides retirement benefits to over 1.5 million members and is required to make on average over long periods of time an 8% return.
TRS invests in over 15,000 businesses, and invest in 54 different countries around the Globe in a 24 hour nonstop 365 days a year operation. He is currently listed by the Institutional Investors Magazine as one of the top 100 most powerful asset owners in the world.
Prior to joining TRS, Mr. Albright was the Executive Vice President and a member of the Board of Directors of a multi-bank holding company in Texas. He also served as a Director on the Board of two affiliated banks.
Mr. Albright holds a bachelor’s degree from Texas A& M University and is on the Advisory Board of the Finance Department at Texas A&M University. He also serves on the Governing Board as Vice Chairman of the Toigo Foundation. Mr. Albright has been married to Dr. Brenda Albright for 37 years. She is the former Deputy Superintendent of Georgetown ISD and has been in the educational business for 25 years. She is a Board member of Goodwill Central Texas, and a member of The Goodwill Excel Center Charter School Board. They have one daughter, a public school teacher, and one son, a Travis County Deputy.
Barry Volpert co-founded Crestview in 2004 and is a partner and the CEO as well as chairman of the
Investment Committee. He specializes in complex and contrarian investment themes arising out of major
dislocations or restructurings. Barry retired as a partner of Goldman Sachs in 2003, where he spent 18 years
as a co-founder and ultimately co-COO of the global private equity business. Among his responsibilities at
Goldman Sachs, Barry led the international private equity business while based in London for six years and
founded the mezzanine fund business. Barry is currently a director of CORE Media Group, Oxbow Carbon
and Venerable Holdings and was previously a director of Key Safety Systems, Lancashire and
ValueOptions. He also serves as a member of the Dean’s Advisory Board at Harvard Law School, is a
member of the Robert F. Kennedy Human Rights board of directors and an elected council member of the
Sagaponack Village Erosion Control District. Barry received a J.D., magna cum laude, from Harvard Law
School, where he was an editor of the Law Review. He received an M.B.A., with high distinction, from
Harvard Business School, where he was a Baker Scholar. Barry received an A.B., summa cum laude, from
Amherst College, where he was elected to Phi Beta Kappa. After graduating from Amherst, he was a Luce
Scholar in Singapore working for the Straits Times.
Kenneth A. Caplan is a Senior Managing Director and Global Co-Head of Blackstone Real Estate. Blackstone has the largest real estate platform in the world with $136 billion in investor capital under management. Blackstone Real Estate is the industry leader in opportunistic, core plus and debt investing across the US, Europe and Asia. Mr. Caplan most recently served as Global Chief Investment Officer of Blackstone Real Estate and prior to that as Head of Real Estate Europe. Since joining the firm in 1997, Mr. Caplan has been involved in over $100 billion of real estate acquisitions and initiatives in the United States, Europe and Asia. These include major acquisitions such as Equity Office Properties, Hilton Hotels, Logicor and GE Real Estate.
Before joining Blackstone, he was at Lazard Freres & Co. in the real estate investment banking group. Mr. Caplan received an AB in Economics from Harvard College, where he graduated magna cum laude, was elected to Phi Beta Kappa and was a John Harvard Scholar. He currently serves on the Board of Trustees of Prep for Prep.
Lionel Erdely joined Investcorp in November 2013 and is the Head and Chief Investment Officer of the Alternative Investment Solutions business. Prior to joining Investcorp, Mr. Erdely worked for 11 years at Lyxor Asset Management, where he held the dual position of Chief Investment Officer (2004 – 2013) and Chief Executive Officer of Lyxor Inc. (2009 – 2013). Prior to joining Lyxor, he was a Vice President in the Equity Corporate Finance department at Société Générale, where he worked on several IPOs, capital increases and convertible bond issues. Mr. Erdely holds an M.B.A. degree in Finance from the École Supérieure des Sciences Économiques et Commerciales (ESSEC) in Paris.
Michael J. Sacks is Chairman and Chief Executive Officer of Chicago-based GCM Grosvenor. GCM Grosvenor is a leader in the alternative investment industry, specializing in public and private markets solutions that span hedge funds, private equity, infrastructure and real estate. GCM Grosvenor currently manages approximately $50 billion for a globally diverse client base.
Mr. Sacks joined Grosvenor in 1990, and was named the firm's Managing Partner in 1994. He led the firm's growth, development and institutionalization from its position as an early participant in a cottage industry to its current position as a leader in the global alternative investment arena. Prior to joining Grosvenor, Mr. Sacks spent two years at Harris Associates, L.P.
In addition to his work at Grosvenor, Mr. Sacks is an active philanthropist with a history of supporting arts, education, economic growth, and underserved communities. Notably, he serves alongside the Mayor on the Mayor's Economic Council and as Vice Chairman of the
cago Board of Directors. World Business Chicago focuses on promoting and attracting business as well as the City's broader economic agenda.
A native of Chicago, Mr. Sacks received a Bachelor of Arts in Economics from Tulane University in 1984, a general course certificate from the London School of Economics for work completed in the 1982-1983 academic year, a Master of Business Administration from
e J.L. Kellogg Graduate School of Management at Northwestern University in 1988 and a J.D. from Northwestern University School of Law in 1988.
Mr. Sacks and his wife, Cari, have two sons and a daughter.
Sam is the Founder and Managing Partner of TZP Group, a New York based private equity firm. Sam began his career in 1986 as a Financial Analyst at Drexel Burnham Lambert. From 1988 to 1992, he was an Associate and Vice President at The Blackstone Group, where he worked on numerous private equity transactions, including the initial LBOs of several hotel franchise brands, which created the predecessor to Cendant Corporation. From 1992 to 1995, Sam invested in private and public equity as Co- Chairman of Saber Capital, Inc. and Vice President of Dickstein Partners Inc. He joined Cendant in 1996 and through 2005 led the execution of numerous transactions as Cendant’s most senior corporate and strategic development executive. He also served on Cendant’s Investment Committee and held various operating and management roles, including CEO of Cendant Internet Group (2000), Chairman and CEO of Travelport Limited (2001-2005), Co-Chairman of Affinion Group, Inc. (2003-2005) and Chairman and CEO of Cendant’s Financial Services division (2003). After Cendant, he joined MacAndrews & Forbes Acquisition Holdings, Inc. (2006-2007) as CEO.
Sam serves as a member of the Boards of Directors of Media Storm, LLC, BQ Resorts, LLC, Snap Fitness, Inc., Lift Brands, Inc., Cloud5, LLC, Global Employment Solutions, Inc., BigName Holdings, LLC d/b/a Envelopes.com, Family Entertainment Group, LLC, University Furnishings, LLC, and Whitestone Home Furnishings, LLC d/b/a The Saatva Company. Sam also serves as a member of each of TZP’s investment committees.
PennantPark Investment Corporation (NASDAQ: PNNT), Audit Committee Co-Chair PennantPark Floating Rate Capital Ltd (NASDAQ: PFLT), Audit Committee Co-Chair
Founder and Past President – Youth Renewal Fund Managing Board and Executive Committee Member - Darca Schools Network Member of Board of Advisors - Columbia University Medical Center
Sam received his B.A. magna cum laude in Economics from Columbia College in 1986.
This event starts on May 8th at 6:15 PM.
Join YJP for an incredible evening of insights and discussion from Jerry Albright, Chief Investment Officer at the Teachers' Retirement System of Texas (TRS) and Jim Grossman, Chief Investment Officer at Commonwealth of Pennsylvania, Public School Employees' Retirement System.
Attendees will have the opportunity to dine with Mr. Albright and Mr. Grossman, join in a candid fireside discussion and Q&A session, and mingle with other rising stars in the finance, banking, real estate, and investment spaces over cocktails and gourmet bites.
Doors open at 6:15 pm, dinner, and program will commence at 7:15 pm sharp.
For questions please email email@example.com or firstname.lastname@example.org