Paul E. Rice Senior Managing Director, Private Equity Executive Committee Member, Board of Directors 350 N. Clark St. Chicago, IL 60610 312-595-6950

Areas of Focus: Private Equity Partnership, Direct Investing

Profile:

• Responsible for building highly profitable fund of funds program
• More than 25 years of experience in the private equity marketplace
• Previously managed the Alternative Investments Division for the State of Michigan Retirement System (SMRS)

Accomplishments:

• Developed and managed Mesirow Financial's first partnership investment programs
• Has built solid relationships with fund managers during more than 20 years in the industry, allowing for access to the top-performing funds in the U.S. and abroad
• Built and managed the State of Michigan's alternative investments partnership and direct investment programs
• Committed more than $6 billion to private equity funds and direct investments over a 20 year period
• Co-authored a chapter on private equity investing for the Handbook of Alternative Investments
• Frequent speaker/lecturer at private equity industry events and conferences
• Built and managed several business development/finance programs for the Michigan Department of Commerce
• Served on the Board of Directors for a number of Private and Public companies

Affiliations:

• The Shansby Group, advisory board member
• Accel Partners, executive advisory board member
• Arlington Capital Partners, advisory board member
• Doll Capital Management III, advisory board member
• HealthCare Ventures VI-VII, advisory board member
• Heartland Industrial Partners, advisory board member
• The Peninsula Funds II-III, advisory board member
• Executive Club of Chicago, member
• Illinois Venture Capital Association, current member and past executive committee member
• National Venture Capital Association, member
• University of Michigan's Technology Advisory Group, former member
• University of Michigan's Office for Private Equity Finance, former member