Mr. Clerc is a Senior managing Director and Co-Founder of Pathway with more than 25 years' private equity experience. Based in Pathway's California office, Mr. Clerc is involved in all aspects of Pathway's investment and client-servicing activities and oversees Pathway's Monitoring and Performance Department, which maintains Pathway's private equity database, generates reports to clients, monitors and analyzes the performance of investments, and manages and liquidates post-distribution securities. Mr. Clerc is a member of Pathway's Investment Committee. Prior to forming Pathway in 1991, Mr. Clerc was an associate in the Special Investments Division of Wilshire Associates Inc. Since the formation of Pathway, Mr. Clerc has assisted clients with over 300 private equity limited partnerships, which represent more than $50 billion in capital commitments. Mr. Clerc is currently on the advisory boards and valuation committees of several private equity limited partnerships. He received his BS in business administration and finance from Northern Arizona University.