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In a search for higher returns, more public pension plans are investing money with private equity funds. These investments, however, often come at a great cost in fees, expenses, governance principles, and transparency. But, there is another way. SDCERA CEO David Wescoe and Public Pension Capital founder and CEO Perry Golkin will present an available alternative to the current private equity investment model, and detail a different — and better — way for public pension plans to invest in private equity.
Speakers: Perry Golkin and David Wescoe
Founder and Chief Executive Officer
Public Pension Capital
Click here for complete biography.
Experienced fund leaders, general counsels, and other eminent practitioners discuss emerging issues for public pensions, including boardroom practices, sustainable investing, and collaboration on a wide range of initiatives – involving such topics as opioid abuse, human capital management, climate change, and firearms.
Perry Golkin is Co-Founder and Chief Executive Officer of Public Pension Capital. He is a senior investment professional with 35 years of private equity experience and prior experience as a corporate lawyer. He is also a certified public accountant.
Mr. Golkin was an executive, general partner, and member with KKR from 1986-2011. During his career at KKR he held various positions with the firm, including: (1) serving on KKR's Operating Committee; (2) serving on KKR's Portfolio Management Committee and chairing that committee for 5 years; (3) serving as KKR's New York Administrative Partner; and (4) leading various KKR investment teams and industry groups.
Mr. Golkin has served on numerous corporate boards, both public and private. Prior to KKR, he practiced corporate law with Simpson Thacher & Bartlett, was a staff accountant at Price Waterhouse & Co., and taught financial and management accounting at the University of Pennsylvania's Wharton School of Business. Currently Mr. Golkin is an Adjunct Professor of Law at the University of Pennsylvania, serves as a trustee of the University of Pennsylvania, and serves on the boards of its Law School, its health system, and its $14 billion endowment. Additionally, he teaches an interdisciplinary course entitled Business Strategy, Private Equity and Corporate Law to law students and MBA candidates at Penn. Mr. Golkin graduated with a B.S., summa cum laude, and M.S. from the University of Pennsylvania's Wharton School of Business, and also received a J.D. from the University of Pennsylvania's Law School.
Rod J. Rosenstein was the Deputy Attorney General, chief operating officer for the United States Department of Justice, from April 26, 2017 until May 11, 2019.
After graduating from the Wharton School of Business and Harvard Law School, Mr. Rosenstein served the United States Government for 29 years as a judicial clerk, trial lawyer, appellate advocate, and supervisor.
He started his legal career in 1989, as a law clerk to Judge Douglas H. Ginsburg of the United States Court of Appeals for the District of Columbia Circuit. In 1990, he joined the Department of Justice as a Trial Attorney for the Criminal Division's Public Integrity Section. He was Counsel to the Deputy Attorney General from 1993 to 1994, then Special Assistant to the Criminal Division’s Assistant Attorney General from 1994 to 1995. He served on detail as an Associate Independent Counsel from 1995 to 1997.
Mr. Rosenstein was an Assistant U.S. Attorney for the District of Maryland from 1997 until 2001. During President George W. Bush's first term, he was the Principal Deputy Assistant Attorney General for the Justice Department’s Tax Division.
President Bush appointed Mr. Rosenstein as U.S. Attorney for Maryland in 2005, with the advice and consent of the Senate, and he remained in that position throughout the administration of President Barack Obama and until President Donald J. Trump appointed him as Deputy Attorney General. The Senate confirmed his nomination by a vote of 94 to 6.
David Wescoe is an experienced and successful legal, financial, operational and investment professional who has served as General Counsel, Chief Financial Officer and Chief Executive Officer for public and private companies, including Chief Executive Officer of two multi-billion dollar pension plans and one of the country’s largest independent broker-dealers.
Prior to becoming Efficient Market Advisors’ President, Mr. Wescoe was the chief executive of the Motion Picture Industry Pension and Health Plans (MPI), responsible for over $6 billion in investment assets, 260 employees, and over 120,000 participants in the motion picture industry with offices in Los Angeles and New York.
He was recruited to MPI after serving as the Chief Executive Officer of the San Diego City Employees’ Retirement System (SDCERS), which managed over $5 billion in investment assets. At SDCERS, Mr. Wescoe received the “Most Admired Government Agency Chief Executive Officer Award” from the San Diego Business Journal, and the San Diego City Council declared March 9, 2010 “David B. Wescoe Day” in San Diego “in appreciation of [Mr. Wescoe’s] willingness and tremendous efforts to restore the San Diego City Employees’ Retirement System’s operational integrity and credibility.”
Mr. Wescoe began his career as a corporate finance lawyer with Simpson Thacher & Bartlett in New York City, and then served as Counsel to Commissioners Bevis Longstreth and James C. Treadway, Jr. of the U.S. Securities and Exchange Commission in Washington. After a stint as a partner in private law practice specializing in corporate and securities law, he served as Chief Financial Officer and General Counsel for several NYSE-listed companies and as President and Chief Executive Officer of Northwestern Mutual Investment Services, the broker-dealer subsidiary of Northwestern Mutual, one of the largest independent broker-dealers in the United States.
Mr. Wescoe is a frequent speaker on financial topics and has been quoted by The New York Times, The Wall Street Journal, National Public Radio and Governing magazine. He also testified before California’s Commission on Public Employee Post-Employment Benefits.
A native Kansan, Mr. Wescoe received a B.A. from the University of Kansas and a J.D. from Columbia Law School. He has earned the Chartered Financial Consultant designation from the American College and has completed executive business education programs at Stanford University and the University of Chicago. He has been a board member and chair of numerous non-profit educational and arts organizations, including serving as national Board Chair of the Kansas University Alumni Association and a Trustee of Trinity School in New York City.