Joncarlo Mark
LP
Joncarlo R. Mark is founder and managing member of Upwelling Capital Group LLC. Prior to forming Upwelling Capital Group, Joncarlo was a Senior Portfolio Manager in the Alternative Investment Management (AIM) Program at the California Public Employees Retirement System (CalPERS). CalPERS is the largest public pension fund in the US, with approximately $230 billion in overall assets. Joncarlo was a part of the senior leadership team responsible for investing in global private equity partnerships and direct investments, with a portfolio that exceeds $48 billion of invested and committed capital. Joncarlo represented CalPERS on multiple fund advisory boards including funds managed by Affinity Asia, Ares Management, Avenue Capital, CVC Capital Partners, The Carlyle Group, Khosla Ventures, and Leonard Green & Partners. He also helped oversee a multi-billion dollar secondary sale of LP interests in 2007 and led the restructuring of over $2 billion of legacy assets in the CalPERS portfolio. From 2007 to 2010, Joncarlo served as Chairman of the Board for the Institutional Limited Partners Association (ILPA), whose 250 member institutions manage more than $1 trillion of private equity capital. Joncarlo is currently an Advisory Board member for the Brookings Institute Private Capital Research Project, which is the group that previously guided the World Economic Forum’s “Study of the Economic Impact of Private Equity”. He also serves on the Advisory Board for the Center for Entrepreneurship at the University of California, Davis. Prior to joining CalPERS in 1999, Joncarlo spent six years with Premier Farnell PLC, a global industrial products manufacturing and distribution company. Joncarlo earned an MBA from the Graduate School of Management at the University of California, Davis and received a BA from the University of California, San Diego.