SAN FRANCISCO (December 5, 2017)—Callan LLC, a leading institutional investment consulting firm, announced today that Harshal Shah, CFA, has joined the firm as a senior vice president in the firm’s Private Equity (“PE”) Research Group in its San Francisco office. Shah most recently was a PE portfolio manager with the California Public Employees’ Retirement System (“CALPERS”). Prior to that, he was a vice president for Strategic Investment Solutions (“SIS”, now Verus Advisory, Inc.) specializing in direct PE consulting to large fund sponsors. He will report to Gary Robertson, SVP and manager of Callan’s Private Equity Research Group.
“Harshal is an experienced investment professional with a strong background in direct private equity investing as a fund sponsor and advising clients as an investment consultant, helping to implement high quality PE programs. His expertise spans investment vehicles, strategy types, and geographic regions. Harshal is a great addition to our team and will bring more of the plan sponsor limited partner’s perspective to our client work.” said Robertson.
“Callan recognizes the growing importance of PE in our clients’ portfolios and the significant resource requirement needed to properly implement and monitor the allocations. We are actively investing in our PE consulting team to ensure our clients’ future success. Harshal brings more than 28 years of investing experience to our clients, and embodies Callan’s core value of keeping clients’ interests first.” Robertson continued.
Shah’s hiring comes on the heels of continued expansion within the Private Equity Research Group over the last two years. In addition to his hiring, the group added Jay Nayak as a senior PE researcher, a dedicated PE research analyst, and formed a pool of PE reporting analysts.
“Callan is dedicated to being a full-service consultant for our clients. This necessitates having expertise, experience, and analytical capabilities to assist clients in every institutional investment area,” said Butch Cliff, CFA, EVP and Callan’s Director of Research.
“Callan is a research-focused consulting firm, always on the lookout to hire high quality research professionals, recognized in their fields of expertise, who want to make a career out of research that helps clients. In particular, we are aggressively investing time and resources in enhancing the capacity of our entire private markets capabilities across every investment area – PE, real estate, hedge funds – and across all types of implementation models – direct and fund of funds. In addition to making strategic hires in these areas, we have been utilizing our proprietary IT and Database resources to greatly enhance our private fund analytical and due-diligence capabilities as well as our performance reporting tools.”
Shah received a BA in Finance from California State University, Fullerton and has earned the right to use the Chartered Financial Analyst designation.
About Callan LLC:
Callan was founded as an employee-owned investment consulting firm in 1973. Ever since, we have empowered institutional clients with creative, customized investment solutions that are backed by proprietary research, exclusive data, and ongoing education. Today, Callan advises on more than $2 trillion in total fund sponsor assets, which makes it among the largest independently owned investment consulting firms in the U.S. Callan uses a client-focused consulting model to serve pension and defined contribution plan sponsors, endowments, foundations, independent investment advisers, investment managers, and other asset owners. Callan has five offices throughout the U.S.