NEPC loses well-known private equity advisor

William Monagle, a senior strategist in private equity at New England Pension Consultants who is well-known throughout the industry, has left the firm, according to sources.

Monagle resigned on 30 April and it’s not clear if he left the firm for another job. It’s also not clear why Monagle resigned, with one source saying only “he chose to”.

Monagle’s LinkedIn profile shows his current position at WJ Monagle CPA, which began May 2011. No information was available about WJ Monagle as of press time and contact information for Monagle could not be located.
Several industry sources said Monagle is well-known in the private equity world.

Monagle joined NEPC in 2004. He led the advisor’s private equity research and due diligence activities, according to a cached version of his bio on NEPC’s web site. Prior to NEPC, Monagle worked at RogersCasey as a managing director-private equity research, responsible for the monitoring of about 150 private equity funds.

NEPC has several mandates with public institutions, including the New Mexico State Investment Council and the New Mexico Educational Retirement Board. The firm’s private markets team, which includes private equity and real estate, include nine members and is headed by Sean Gill.

The firm has been able to expand its relationship with some institutions from general investment consultant to include specific private equity mandates, one industry source told Private Equity International. NEPC did this with the New Mexico State Investment Council for several years after the state endowment fired former private equity advisor Aldus Equity in 2009.

New Mexico SIC re-bid the private equity consulting contract and earlier this year hired LP Capital Advisors to take over the private equity duties.