Joncarlo R. Mark is the founder of Upwelling Capital Group LLC, a registered investment adviser that provides advisory and capital solutions to institutional private equity investors. Prior to forming Upwelling in 2011, Mr. Mark was a Senior Portfolio Manager at the California Public Employees Retirement System (CalPERS), where he was responsible for investing in global private equity partnerships and direct investments, with a portfolio that exceeded $48 billion of exposure. In addition, from 2007 to 2010, Mr. Mark served as chairman of the board for the Institutional Limited Partners Association (ILPA). Prior to joining CalPERS in 1999, Mr. Mark spent six years with Premier Farnell PLC.
Mr. Mark is currently chairman of AltExchange Alliance, an industry body chartered to define, maintain and promote a single data standard for the private equity industry. In addition, Mr. Mark serves as trustee of the University of California Davis Foundation. He is also an advisory board member for the Private Capital Research Institute (PCRI), a non-profit organization that seeks to further the understanding of private capital and its impact through independent academic studies.
Mr. Mark 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.