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Ethan Levine is Head of Secondaries, Co-Head of Real Assets and Sustainability, a member of the Investment Committee and Senior Executive Group of CF Private Equity. His primary responsibilities include overseeing the origination, evaluation, structuring, and negotiation of secondaries transactions as well as the portfolio construction, monitoring, and fundraising of the firm’s secondary funds. Additionally, his responsibilities include due diligence, investment selection, portfolio construction, monitoring, and fundraising for the firm’s real assets and sustainability programs. Ethan originally joined CF Private Equity through CFPE’s Associate Program in 2007 as a Senior Analyst. Prior to CFPE, Ethan specialized in energy markets at Charles River Associates in Boston, M.A. While at business school, Ethan worked at Rockland Capital in The Woodlands, TX, where he conducted due diligence on asset acquisitions and managed portfolio investments. Ethan is a member of the advisory boards of several private equity limited partnerships. He is the treasurer and former chairperson of the Board for Hillel at Dartmouth College. Ethan received a B.A., B.E. and an M.E.M. from Dartmouth College and an M.B.A. from the University of Chicago Booth School of Business.

Cari Lodge is a Managing Director and member of the CF Private Equity Investment Committee. She oversees the origination, evaluation, structuring, and negotiation of secondaries transactions as well as the portfolio construction, monitoring, and fundraising of the firm’s secondary funds. Additionally, Cari contributes to the firm’s buyout, growth equity, venture capital, and real assets and sustainability strategies. Cari has over 24 years of secondaries experience and has closed over 425 secondary transactions for approximately $3.3 billion in total exposure. She began her career at Donaldson, Lufkin and Jenrette (which merged with Credit Suisse in 2000) as an Associate in Investment Banking. She spent 12 years with Credit Suisse’s Secondary Team, Strategic Partners, since its founding in 2000, and served as a member of the Investment Committee. Prior to joining CF Private Equity, Cari was at Tulane University’s Investment Management Office where she was responsible for overseeing the private equity and private real assets investments for the endowment. She is presently a member of the advisory board of several private equity limited partnerships. Cari is also a member of the Investment Committee of her alma mater, The Hotchkiss School. In 2022, she was recognized by PEI as one of the top ten women of influence in private markets^¹. In 2024, the WSJ Pro Private Equity named Cari as a “Woman to Watch^²”. In 2025, Cari was recognized as one of the "Twenty Most Influential in Secondaries 2025" by Private Equity News^³. Cari received an A.B. from Dartmouth College in both Economics and Government and an M.B.A. from Columbia Business School.

1. Private Equity International is not affiliated with Commonfund or its affiliates. Commonfund did not pay a fee to be included in this report. For more information about the selection criteria and process, please visit PrivateEquityInternational.com. This award was given in July 2022 and was based upon information provided of the honoree’s career achievements and impact on the private markets industry.
2. WSJ Pro Private Equity is not affiliated with Commonfund or its affiliates. Commonfund did not pay a fee to be included in this article. For more information about the selection criteria and process, please visit WSJ Pro’s newsletter. This award was given on November 17, 2024 and was based upon information provided of the honoree’s career. 
3. Private Equity News is not affiliated with Commonfund or its affiliates. Commonfund did not pay a fee to be included in this article. For more information about the selection criteria and process, please visit the Private Equity news article. This award was given on January 6, 2025, and was based upon information provided of the honoree’s career. Employee recognition should not be construed as endorsement of the advisor’s investment activities.

Hong Pan is a member of the Secondaries team at CF Private Equity and is engaged in the origination, evaluation, underwriting, and execution of secondary investments. Additionally, he contributes to the firm’s buyout, growth equity, venture capital, and real assets and sustainability strategies. Prior to joining CF Private Equity, Hong worked at Oppenheimer & Co. in its investment banking division, advising corporate clients on mergers & acquisitions and capital markets transactions. Hong holds a B.S. in Business Administration from the University of North Carolina at Chapel Hill, where he graduated with Distinction.

Stephen Talbot is a member of the Secondaries team at CF Private Equity and is engaged in the origination, evaluation, underwriting, and execution of secondary investments. Additionally, he contributes to the firm’s buyout, growth equity, venture capital, and real assets and sustainability strategies. Prior to joining CF Private Equity, Stephen worked at BB&T Capital Markets in its investment banking division, advising corporate clients on mergers & acquisitions and capital markets transactions. Stephen holds a B.S. in Business and Enterprise Management from Wake Forest University.

George Wu is a member of the Secondaries team at CF Private Equity and is engaged in the origination, evaluation, underwriting, and execution of secondary investments. Additionally, he contributes to the firm’s buyout, growth equity, venture capital, and real assets and sustainability strategies. Prior to joining CF Private Equity, George worked at Morgan Stanley in its investment banking division, advising corporate clients on mergers & acquisitions and capital markets transactions. George holds a B.S. in Business Administration and a B.S. in Mathematics/Economics from the University of Southern California. George is also a CFA charterholder.

Mario Virtudes, Managing Director, Head of Secondaries Investor Relations is responsible for the development of private market mandates across endowments, foundations, healthcare organizations, family offices, insurance companies and pensions. Prior to rejoining CF Private Equity, he was a Managing Director at Capital Dynamics where he was responsible for Institutional Business Development and Consultant Relations. Prior to Capital Dynamics, Mario had worked with Commonfund’s clients in the Midwest. Earlier in his career, he was a Director at Societe Generale Corporate Investment Banking focused on developing their alternatives business in the US, and he also held various roles at Deutsche Bank Absolute Return Strategies Group and Chase Manhattan Bank. Mario holds a B.S. in Finance from the University at Albany and an M.B.A. with a concentration in Financial Management from Pace University.

Lawrence Shoykhet is a member of the Secondaries team at CF Private Equity and is engaged in the evaluation, underwriting and execution of secondary investments. Lawrence earned a B.S. in Industrial & Labor Relations from Cornell University.

Paul Woolhouse is a member of the Secondaries team at CF Private Equity and is engaged in the transaction, underwriting and execution of secondary investments. Prior to joining CF Private Equity, he worked as a Corporate FP&A Summer Analyst at Aptiv PLC. Paul earned a B.S. in Business Administration concentrating in Finance from Carnegie Mellon University.

Owen Gannon is a member of the Secondaries team at CF Private Equity and is engaged in the transaction, underwriting and execution of secondary investments. He previously worked as a Secondaries Summer Analyst at CF Private Equity. Owen earned a B.A. in Economics from the University of Notre Dame.

Gabriel Ruiz is a member of the Secondaries team at CF Private Equity and is engaged in the transaction, underwriting and execution of secondary investments. Prior to joining CF Private Equity, he worked as a Financial Reporting Summer Analyst at Valuation Research Corporation. Gabriel earned a B.A. in Economics from Yale University.

Emily Schuster is a member of the Secondaries team at CF Private Equity and is engaged in the transaction, underwriting and execution of secondary investments. Prior to joining CF Private Equity, she worked as an Institutional Equity Sales & Trading Summer Analyst at Morgan Stanley. Emily earned a B.A. in Engineering from Dartmouth College.

Alexander King is a member of the Secondaries team at CF Private Equity and is engaged in the transaction, underwriting and execution of secondary investments. He was previously a Summer Analyst on the Secondaries Team at CF Private Equity. Alexander King earned a B.S. in Business Administration from the Marshall School of Business at the University of Southern California.

Rachael Kong is a member of the Secondaries team at CF Private Equity and is engaged in the transaction, underwriting and execution of secondary investments. She was previously a Summer Analyst on the Secondaries Team at CF Private Equity. Rachael earned a B.A. in Economics and English from Cornell University.