Dhvani D. Shah

Ms. Shah is President and Chief Investment Officer at Third Lake Capital, LLC, a single-family office dedicated to global asset management, a position she has held since May, 2025. She previously served as Group Vice President and Chief Investment Officer of JM Family Enterprises, Inc. from December, 2020 to May, 2025. Between December, 2011 and December 2020, she served as Chief Investment Officer of the Illinois Municipal Retirement Fund, and, prior to that, she worked at the New York State Teachers’ Retirement System (“NYSTRS”), Bank of America and the Northwestern University Investment Office. Ms. Shah is a director of Canada Life and Empower. She is a member of The Robert Toigo Foundation Board, the Pension Real Estate Association Foundation Board and the Investment Advisory Committee for the NYSTRS. She previously served as a director of the Pension Real Estate Association Board. Ms. Shah received a Bachelor’s Degree in Business Administration, Magna Cum Laude, from Loyola University and a Master’s Degree in Business Administration from The University of Chicago Booth School of Business. She is a member of the CFA Institute and the CFA Society Chicago.