Name: 8th Annual European Fund Finance Symposium
Start: 2024-05-02T00:00:00Z
End: 2024-05-02T00:00:00Z
Location: QEII Centre

FFA Event

8th Annual European Fund Finance Symposium

May 02, 2024

London

The Fund Finance Association’s annual symposiums bring together investors, fund managers, bankers and lawyers for education and networking within the fund finance market. FFA hosts annual events in Miami, London, and Asia. The 2023 Events were attended by over 2,500 industry professionals representing over 500 firms.

Gül Akad

Simmons and Simmons

Capital Call Facilities

11:20 AM | 2024-05-02

Gül Akad

Supervising Associate | Simmons and Simmons

Gül is a supervising associate in Simmons and Simmons’ Banking team focusing on Funds Finance from both from lender and sponsor side. She works as a lead associate in connection with a broad range of financing in funds finance space, including, single managed account (SMA) facilities, umbrella facilities, net asset value (NAV) and hybrid facilities. She also has experience in advising clients on sustainability linked loans and green loans.

Gül has been recognised as “incredibly diligent and responsive” in Legal500 by clients.

Mark Alexander-Dann

ANZ

Sarah Ambulante

Loyens & Loeff

NAV 1.0

11:20 AM | 2024-05-02

Sarah Ambulante

Senior Associate | Loyens & Loeff

Sarah Ambulante, senior associate, is a member of the Investment Management Practice Group of Loyens & Loeff Luxembourg. She was seconded in our New York and Amsterdam offices in order to develop the fund finance offering for clients. She focuses on fund finance transactions. Sarah acts at all levels of the fund capital structure, advising investment funds and financial institutions. Her expertise includes representing clients in connection with capital call financings, NAV financings, GP/Co-investment/management financings and other hybrid products

Susannah Amini

Kirkland & Ellis

John Anderson

Goodwin Procter LLP

CFOs and Rated Notes

4:20 PM | 2024-05-02

John Anderson

Partner | Goodwin Procter LLP

John F. Anderson joined Goodwin in 2024 as a partner in the Private Investment Funds practice at Goodwin. John advises clients across the globe with complex regulatory, tax, financing and other structuring issues in all aspects of fund formation, most notably for private credit funds in the corporate, venture and real estate asset classes (including funds investing in senior and subordinated debt, preferred equity, structured credit, venture debt, and real estate debt). He has experience working across the spectrum of alternative assets structures and jurisdictions, including open-ended, closed-ended and hybrid format funds, commingled funds and separate account arrangements, structured investments into private funds such as rated notes feeders and CFOs, European funds with Irish, Luxembourg, or UK structures, US-based funds and funds based in typical offshore jurisdictions. John’s experience extends to fund platform development and maintenance matters, including greenfield manager setups and restructurings, joint-venture arrangements and carried interest and related team incentives planning. John also advises on co-investment and secondaries transactions, with a particular focus on credit secondaries.

Loïc Bacquelaine

Travers Smith LLP

Legal Update

1:40 PM | 2024-05-02

Loïc Bacquelaine

Senior Associate | Travers Smith LLP

Loïc is a Senior Associate in our Financial Services & Markets department. He is qualified in Luxembourg and mainly advises on Luxembourg Law.

Loïc helps clients on a broad range of financial services regulatory matters, with a focus on the asset management sector. His practice includes advising clients on matters arising from AIFMD, MiFID II, the Luxembourg CSSF's regulatory perimeter, firm authorisations, licence extensions and change in control requirements. Loïc has worked with traditional and alternative asset managers, including in particular private equity, private credit and infrastructure firms. More recently, he has been particularly involved on "retailisation" or "democratisation" of alternative investments related projects and on distribution models to be put in place by asset managers.

Before joining Travers Smith, he practiced in one of the leading market Luxembourg law firms for 6 years where he was part of the UCIs department and advised on every regulatory aspect impacting AIFMs and UCITS management companies.

Navdeep Benning

Ashurst LLP

Securitisation, Risk Transfer, Ratings

3:00 PM | 2024-05-02

Navdeep Benning

Partner | Ashurst LLP

Navdeep is a Fund Finance Partner at Ashurst based in London, having also spent time working at Ashurst Hong Kong and New York. With nearly 20 years of experience, Navdeep has been advising borrowers and lenders on fund finance transactions since the inception of the market and is one of the most experienced practitioners in the industry. She is a recognised expert and ranked in both Chambers and Legal 500.

Navdeep's reputation has been built on years of delivering quality advice and always keeping her clients front and centre. Her years and breadth of transactional experience ensures she has the most up-to-date market intel and can offer her clients the most progressive guidance. She focuses on creating bespoke, innovative and market-leading financing solutions on complex and structured transactions.

Due to increased liquidity pressures and looming regulatory changes in Fund Finance, recently Navdeep has been considering how securitisations and credit ratings can alleviate some of these concerns. She has increasingly been working alongside the Ashurst Fund Formation, Securitisation and Regulatory teams to implement fund finance facilities by way of securitisations and has been advising her clients as to the benefits of and methodologies for, obtaining ratings for fund entities and their portfolios.

Joel Buckett

Deutsche Bank

Surviving and thriving in the private capital world of the future

3:00 PM | 2024-05-02

Joel Buckett

Vice President | Deutsche Bank

Joel joined Deutsche Bank in 2022 as a Vice President in the fund finance team, with end-to-end responsibility for the execution of fund and GP financing facilities. Prior to joining DB, Joel held roles in FIG coverage at Lloyds Bank and Commonwealth Bank of Australia. Joel is a member of the FFA’s NextGen Committee, which is focused on establishing a forum exclusively for the benefit of junior fund finance professionals. Joel was also recognized as a Rising Star by the FFA in 2023.

Kathryn Cecil

Fried, Frank, Harris, Shriver & Jacobson (London) LLP

Opening Remarks

9:00 AM | 2024-05-02

Kathryn Cecil

Partner | Fried, Frank, Harris, Shriver & Jacobson (London) LLP

Kathryn Cecil is a partner in the Corporate Department and the Finance Practice, resident in Fried Frank's London office. She joined the Firm in 2019.

Ms. Cecil has extensive experience acting for funds, lenders, borrowers and sponsors on a broad range of complex domestic and cross-border finance transactions. She has advised on funds finance transactions including subscription, asset-backed and other fund financing arrangements, leveraged and acquisition financings and financial restructurings.

Julien Claudel

Société Générale

Capital Call Facilities

11:20 AM | 2024-05-02

Julien Claudel

Director - Fund Financing Solutions | Société Générale

Julien Claudel is a Director, Fund Financing Solutions at Société Générale. Based in Paris, Julien focuses on originating, structuring and executing capital call facilities for leading financial sponsors in Europe. He has been involved in many transactions across various jurisdictions and asset classes (private equity, credit, infrastructure, real estate).

Prior to joining the Fund Financing Solutions team in 2017, Julien held other roles across the Société Générale group, having 15 years of industry experience. He is a graduate of EDHEC Business School where he majored in Finance.

Dr. Eric Denton

Allen & Overy LLP

Securitisation, Risk Transfer, Ratings

3:00 PM | 2024-05-02

Dr. Eric Denton

Senior Associate | Allen & Overy LLP

Eric has experience advising clients on a wide variety of derivatives and structured finance transactions, balance sheet securitisations (including financial guarantees and credit default swaps), bond and loan repackagings, securities linked to a wide range of underlying assets, CLO transactions, securitisation swaps and project finance hedging.

In addition, Eric has also worked with financial institutions in relation to their compliance with margin rules and negotiating initial margin documentation and has experience in the delivery of legal tech products.

Mike Durnin

Ares Management

Market Update

10:00 AM | 2024-05-02

Mike Durnin

Principal | Ares Management

Mr. Durnin is a Managing Director in the Ares Secondaries Group, where he focuses on capital markets activity across the Secondaries platform. Prior to joining Ares in 2022, Mr. Durnin was a Vice President at Goldman Sachs Asset Management, where he was responsible for fund financing activity across the division, with a primary focus on the fund-of-funds platform. Previously, Mr. Durnin was an Associate General Counsel at BasePoint Capital, LLC, a boutique specialty finance lender, where he was involved in a broad array of functions across the firm. He holds a B.B.M. from Stony Brook University in Finance and a J.D. from New York Law School.

Russell Evans

National Australia Bank

Hot topics and Trends in Fund Finance

10:00 AM | 2024-05-02

Russell Evans

Head of Funds Client Coverage, Europe | Fund Sponsors, Strategic Investors and Alternatives Assets | National Australia Bank

Russell heads the team responsible for financial sponsor client coverage in Europe. This includes responsibility for structuring and delivering liquidity and risk management solutions for private capital sponsors including subscription finance, NAV and hybrid facilities, as well as FX and interest rate hedging for open and closed-end funds. Russell has over 15 years of experience in delivering all aspects of fund financing, including the structuring and implementation of complex bilateral and syndicated debt facilities, capital markets solutions, sustainability linked loans, structured deposits and portfolio risk management solutions. Prior to joining National Australia Bank in 2010 he spent 10 years at Lloyds Bank covering Financial Institution clients including financial sponsors in both the private equity and real estate sectors. His earlier career was focused on project financing infrastructure and natural resources projects. He holds a Master of Science degree from the University of Leicester and a Batchelor of Science degree from the University of Southampton.

Greg Fayvilevich

Fitch Ratings

Securitisation, Risk Transfer, Ratings

3:00 PM | 2024-05-02

Greg Fayvilevich

Global Head of Funds Group | Fitch Ratings

Greg Fayvilevich is the Global Head of Fitch Ratings' Funds Group, covering private equity fund finance and securitizations, as well as other funds. The group is responsible for assigning ratings, developing rating methodologies and models, and publishing research on analytical and regulatory developments affecting the sectors the group covers.

Previously, Greg was a member of the Financial Guarantors group at Fitch. Prior to joining Fitch, Greg worked for ACE Group / Chubb. Greg earned a BS in finance from Rutgers University.

Simon Felton

Appleby

CFOs and Rated Notes

4:20 PM | 2024-05-02

Simon Felton

Partner | Appleby

Simon is known for his experience in leading international teams working on complex and ground-breaking structures involving a variety of underlying assets including securities, infrastructure, real estate, investment funds and crypto assets.

Simon advises leading financial institutions, private debt funds, corporate clients and intermediaries on a wide range of capital markets, structured finance, fund finance and real estate finance work in relation to securities issues, secured lending and asset acquisition.

His practice also extends to restructuring and Insolvency and he has advised arrangers and SPVs in relation to the Jersey aspects of work outs of financial assets – including structured finance portfolios – and secured real estate lending.

Cassie Fisher

Lloyds Bank

Richard Fletcher

Macfarlanes

NAV 2.0

1:40 PM | 2024-05-02

Richard Fletcher

Partner | Macfarlanes

Richard advises asset managers, financial institutions and corporates on a range of financing matters.

He focuses on structured finance and fund finance across a wide variety of asset classes and investment strategies including consumer credit, mortgages, corporates loans (BSL, SME and middle market), credit funds, auto loans, private equity, secondaries, real estate and structured credit.

His work includes advising on:

SRT;
securitisation and structured products;
leverage facilities, NAV financings and investor call bridge facilities;
repacks; and receivables financing, asset-based lending and specialty finance.

Nicola Germano

Intesa Sanpaolo IMI Corporate & Investment Banking Division

Capital Call Facilities

11:20 AM | 2024-05-02

Nicola Germano

Managing Director - Head of Fund Finance Financial Sponsor Group | Intesa Sanpaolo IMI Corporate & Investment Banking Division

Nicola joined Intesa Sanpaolo in 2015 and became responsible for the origination, structuring and execution of fund financing deals (Subscription financing, NAV financing, GP financing, Hybrids) within the Financial Sponsor Group. He’s now leading the Fund Financing team and he is based at the firm’s head office in Milan.

Before joining Intesa Sanpaolo, Nicola spent seven years at Goldman Sachs in London where he was a sales/trader in equity financing within the prime brokerage arm of the firm. He started his career at BNP Paribas in Milan in 2001 and worked there for five years within the relationship management team.

Nicola holds a Bachelor Degree in Economics at University of Florence.

Alex Griffiths

MUFG Investor Services

Fabrice Guesde

Natixis

Securitisation, Risk Transfer, Ratings

3:00 PM | 2024-05-02

Fabrice Guesde

Head of Credit Markets and Global Structured Credit & Solutions, Asia Pacific | Natixis

Fabrice Guesde took up his role as Head of Credit Markets, Asia Pacific, in January 2021, and was appointed Head of Global Structured Credit & Solutions (GSCS), Asia Pacific in April 2016. Based in Hong Kong, he is responsible for overseeing the development of Natixis’ structured credit solution offering in the region, including across asset-backed securities (ABS), collateralized loan obligations (CLOs), capital call facilities and fund financings, and a range of bank and insurance regulatory solutions. Fabrice has over 25 years’ experience. He began his career in 1989 at Manufacturers Hanover Bank (now JPMorgan Chase), based in Paris, and in 1991 joined Bayerische Landesbank, Paris Branch as Head of Credit and then Head of Structured Credit & Syndication. In 1996 he moved to Commerzbank as Head of Corporate Banking and Structured Credits, France, and in 2003 he joined European IT business-to-business service provider Econocom as Group Financial Director. He joined Natixis in 2006 as Head of Commercial Coordination in the Structured Finance and Market platform, and in 2008 was appointed Head of Debt Engineering. In 2011, Fabrice was named Head of Credit & Insurance Solutions as part of the creation of the GSCS business line, subsequently overseeing the setup and development of Natixis’ capital call and fund financing business for Europe. Fabrice is a graduate of Institut d’Etudes Politiques, Paris, and holds a Master of Law degree from University of Paris II. In addition to French, he speaks English, German and Dutch.

Zoe Hallam

Walkers

NAV 1.0

11:20 AM | 2024-05-02

Zoe Hallam

Partner | Walkers

Zoë Hallam is a Group Partner in the Banking & Finance team in Walkers' Guernsey office, having previously spent eight years in the firm's Cayman office. She is recognised by Legal 500 as a Next Generation Partner.

Zoë advises on a broad range of finance-related matters, with a specialised focus on Fund Finance, Real Estate Finance and Islamic Finance transactions. In the Fund Finance sector she has advised both borrowers and lender on subscription facilities, NAV facilities and GP financing and her clients include leading international banks, alternative lenders and fund managers.

Prior to joining Walkers in May 2011 Zoe trained and qualified with Salans (now Dentons) in London and Moscow, advising on a broad range of domestic and cross-border financing and restructuring deals, focusing on real estate and project financings.

Michael Hubbard

Cadwalader, Wickersham & Taft LLP

Capital Call Facilities

11:20 AM | 2024-05-02

Michael Hubbard

Head of European GP Solutions, Fund Finance | Cadwalader, Wickersham & Taft LLP

Michael Hubbard currently heads Cadwalader’s European GP solutions in London. Michael joined Cadwalader in 2022, applying his near two decades of experience in finance to provide GPs with advice on structuring and sourcing liquidity across all forms of fund finance products. These products include subscription finance, GP and executive finance, NAV finance (across all asset classes), preferred equity and hybrid structures. The insights of the GP Solutions platform on the commercial aspects, is provided in parallel to the services provided by the legal practice, providing GPs with a unique and unparalleled multifaceted advice when raising finance.

Michael previously headed the syndicate desk covering Fund Finance at a FTSE100 bank, during which time he led some of the largest fund finance transactions and syndications is in Europe. These included the largest subscription line in Europe, grossing €8 billion across 27 lenders to a flagship primary buyout fund, as well as a 19 bank €16 billion umbrella facility spanning three vintages of primary buyout funds.

In Michael’s current role, as well as advising GPs on specific financings, he’s been instrumental to the development of a liquidity program for GPs looking to harness institution capital as a source of fund finance, as well as working with the Capital Markets practice develop a securitisation structure for single subscription financings.

Michael is a finalist in the Drawdown awards category for Advisor of the year. Michael studied with the Association of Corporate Treasurers, covering financial management accounting, economics and statistical analysis, corporate tax and business law.

Andrew Husdan

Clifford Chance

NAV 2.0

1:40 PM | 2024-05-02

Andrew Husdan

Partner | Clifford Chance

Ranked by both Legal 500 (Leading Individual) and Chambers (Band 1), Andrew is the co-head of the Clifford Chance fund finance practice and has a first class reputation in the area of funds finance, acting for both sponsors, lenders and investors for over 10 years.

As well as traditional capital call and bridge financings, Andrew also leads on more innovative and complex structured financings. These involve hybrid financings, NAV lending (across different asset classes, including real estate, private equity, direct lending and secondaries), preferred equity structures (including back-levered prefs), continuation funds, off-balance sheet / SRT structures and non-bank financings (involving both loans made by non-bank lenders to funds, as well as fund-raising structures used to originate non-bank capital, in particular in the insurance and pension company space.)

Andrew is also sought out by participants in the market (who are considering becoming lenders in relation to existing financings) in order to obtain his views (e.g. via red-flag reviews and enforcement memo analysis) on the transaction structure and documentary package of the existing financing. In effect, this means that even where Clifford Chance are not lead counsel on a transaction, they are still getting exposure to a range of documentation and facilities via such 'review instructions', providing a comprehensive overview of the market.

Andrew is a regular speaker at Fund Finance Association conferences, and has led various training initiatives and talks, including as part of the FFA University programme.

Findlay Hyde

abrdn

Lender landscape

1:40 PM | 2024-05-02

Findlay Hyde

Investment Director, Fund Finance | abrdn

Findlay is an Investment Director in Fund Finance at abrdn. He joined the Fund Finance business at its inception in 2018 . Findlay’s responsibilities include transaction origination, execution, portfolio management and investment monitoring. Findlay initially joined abrdn as an Investment Analyst in the Rates team in 2016. Prior to this, Findlay worked at PwC in their UK Corporate Finance and Transaction Services teams, specialising in infrastructure transactions. Findlay is a CFA Charterholder and holds the CFA Certificate in ESG Investing. He holds a BA (Hons) in Economics from Durham University.

Stuart Ingledew

Investec

Secondaries

10:00 AM | 2024-05-02

Stuart Ingledew

Investec

Stuart is based in London where he focuses on providing lending solutions to both GPs and their Funds. Stuart has experience across the origination, structuring, negotiation and execution of capital call facilities, NAV facilities, continuation vehicle facilities and GP Facilities. More recently, Stuart has been focusing on secondary transactions at both a fund level and deal level. Prior to joining Fund Solution in London, Stuart worked in Investec’s offices in Switzerland and South Africa, where he spent time in other lending roles in the bank. Stuart is both a CFA Charterholder and Chartered Accountant.

Fantine Jeannon

LGT Private Debt

Bronwen Jones

Reed Smith

Hot topics and Trends in Fund Finance

10:00 AM | 2024-05-02

Bronwen Jones

Partner | Reed Smith

Bronwen has twenty years’ experience in Fund Finance, having been active in the space since its inception in the London market. She acts for banks and other financial institutions, sponsors, general partners, and fund managers on a whole range of fund finance matters including capital call (subscription line) facilities, Net Asset Value (NAV) facilities, hybrid facilities, and general partner and co-investment facilities. She has been ranked by Chambers in Band 1 for Banking & Finance: Fund Finance for the last four years, with clients commenting: “Bronwen is renowned for her ability to deliver complex concepts to clients. She always focuses on commercial issues, finds solutions, and is really good to work with,” and “She is excellent – one of the biggest names in fund finance.” Legal 500 2023 recognises Bronwen as a “Leading Individual” in Fund Finance, and the Reed Smith team is ranked as a Tier 1 firm for Fund Finance in London, and quotes a client as saying: “Bronwen brings significant market experience, innovative thought, and patience to complex deals – there aren’t many structures or issues that she doesn’t have experience with.”

Charlotte Jones

ING Bank

Lender landscape

1:40 PM | 2024-05-02

Charlotte Jones

Director | ING Bank

Charlotte Jones is a Director at ING Bank. Based in London, she is part of the EMEA Fund Finance team which is responsible for the origination, execution and portfolio management of Subscription and NAV facilities to funds managed by Financial Sponsors and Asset Management firms based in the EMEA region.

Charlotte has worked in the industry since 2017 and has experience originating and executing Fund Finance transactions across the Private Equity, Credit, Infrastructure and Real Estate sectors. Before joining ING in 2019, Charlotte spent 6 years at Investec Bank within the Fund Finance team and prior to that, Debt Capital Markets. She started her career as an Auditor.

Ibrahim Khan

Cur8 Capital

Vanessa Lawlor

Maples Group

Market Update

10:00 AM | 2024-05-02

Vanessa Lawlor

Partner | Maples Group

Vanessa is a Partner of Maples and Calder's Banking and Finance team in the Maples Group's Dublin office. Vanessa has extensive experience advising domestic and international lenders and investment funds on a range of domestic and cross-border fund finance transactions, with a particular focus on subscription line financing.

Vanessa's practice also includes advising lenders and borrowers on a broad range of domestic and cross-border finance transactions involving real estate investment and development finance, corporate debt, leveraged and acquisition finance, refinancings and restructurings.

Vanessa is frequently sought out by leading US and London law firms for her experience and expertise in the fund finance space in Ireland. She acts for leading financial institutions and global private equity funds on all types of fund financings from subscription line facilities to NAV facilities and hybrid facilities across the spectrum of Irish investment fund vehicles.

Vanessa won the Euromoney Women in Business Law EMEA Finance Rising Star award in 2021. Vanessa is a member of the Women in Fund Finance Committee (Europe) and her role has a specific focus on the Irish markets as well as acting as a strong advocate for women across the Fund Finance industry.

Vanessa is ranked as a "Rising Star" by The Legal 500 and IFLR 1000. Clients praise Vanessa for her "professional and practical manner" and recognise her as being "very competent, knowledgeable, efficient and decisive".

Antoine Leboulanger

Ardian

Hot topics and Trends in Fund Finance

10:00 AM | 2024-05-02

Antoine Leboulanger

Capital Markets Managing Director | Ardian

Antoine is a Managing Director within the Capital Markets team of Ardian. He joined the company in 2019 and is based in Paris where he’s responsible for originating fund financings for Ardian’s funds and asset level financings with leading international banks and direct lenders across Europe.

Prior to joining Ardian, Antoine has been involved in the origination and structuration of large Infrastructure, Real Estate and LBO transactions both on sponsor and lender’s side.

Jons Lehmann

Fried Frank

NAV Lending to Credit Funds

11:20 AM | 2024-05-02

Jons Lehmann

Partner | Fried Frank

Jons Lehmann represents private equity sponsors, investment banks, hedge funds, and public and private companies in domestic and cross-border finance transactions across all levels of the capital structure.

Jons’ fund finance experience spans the full spectrum of financing products, including subscription facilities, asset-backed facilities, securitisations, NAV facilities and preferred equity financings across all asset classes. In the fund finance space, Jons’ clients benefit particularly from his broad experience in, and understanding of, other finance products, including leveraged finance (including US Term Loan B and bank-bond financings), real estate finance, structured finance (including whole business and receivable securitisations), investment-grade finance, and other complex financing and restructuring transactions.

The Legal 500 UK recognises Jons in Acquisition Finance, Bank Lending: Investment Grade Debt and Syndicated Loans, and Investment Funds: Fund Finance. The publication quotes a client praising Jons for “offering practical advice” and bringing “innovative legal solutions and market experience to their work.” Jons is also recognized by IFLR 1000 in the Banking category and in Thomson Reuters 2023 Stand-out Lawyers list.

Anthony Lombardi

DLA Piper LLP

Gianluca Lorenzon

Validus

GP Focus

3:00 PM | 2024-05-02

Gianluca Lorenzon

Head of Fund Finance Advisory | Validus

Gianluca is a seasoned financial services professional with over 25 years of experience.At Validus Risk Management he advises private market managers on all aspects of fund, ManCo and GP financings. In his most recent prior role as head of European origination for Hark Capital, the pioneering New York-based concentrated NAV lender (formerly owned by abrdn), he led the origination efforts for the European market.

Gianluca began his career at JPMorgan and later worked at KPMG Corporate Finance, specializing in mid-market M&A transactions for financial sponsors and corporates, both public and private, for approximately a decade. He then joined the Bank of Ireland's Leveraged Acquisition Finance team in late 2007, where he supported mid-market and upper mid-market European buyouts in both club and underwritten deals for sponsors such as HgCapital, PAI, Investcorp, Montagu, Equistone, and Providence.

Having then joined Standard Life Investments, the precursor company to the current abrdn he worked in direct lending, high yield and multi asset private credit before joining Hark Capital. At Hark Capital, Gianluca worked with several asset classes, ranging form Buyouts to Real Estate, from tech VC technology to structured credit.

Gianluca holds a BSc (Econ) Analytical and Descriptive from the London School of Economics and Political Sciences and an MSc Economics & Finance from University of Bristol.

Matthew Maguire

Park Square Capital

Martin Mahler

Vizlib & Astrato Analytics

Steven Mansy

Macquarie Group

Pierre Maugüé

Debevoise & Plimpton LLP

CFOs and Rated Notes

4:20 PM | 2024-05-02

Pierre Maugüé

Partner | Debevoise & Plimpton LLP

Pierre Maugüé is a finance partner in the London office of Debevoise & Plimpton.

Mr. Maugüé is recommended by The Legal 500 UK. The guide has described him as “exceptional,” “responsive, commercial and creative,” “technically very strong” and a trusted adviser who helps clients achieve goals in the most efficient manner. Mr. Maugüé is also recommended as a leading lawyer by IFLR1000 (2022).

Mr. Maugüé brings a global perspective to his work, having lived and worked in Asia, Europe and the United States. He joined Debevoise in 1999 in the firm’s Hong Kong office. He relocated to the New York office in 2002 before moving to London in 2014.

Mr. Maugüé writes frequently on legal matters related to finance topics and is also a regular contributor to the Debevoise & Plimpton Private Equity Report.

Mr. Maugüé received a Magistère and DESS in Business and Tax Law, with high honours, from the University of Paris II-ASSAS in 1991, and a Master of Laws in Comparative Jurisprudence from New York University in 1995.

Mr. Maugüé was admitted to the New York Bar in 1996 and as a solicitor in England & Wales in 2016.

Keenan McBride

Morgan Stanley

Market Update

10:00 AM | 2024-05-02

Keenan McBride

Executive Director | Morgan Stanley

Keenan McBride is an Executive Director in Fixed Income Secured Lending at Morgan Stanley. Mr. McBride currently handles the origination, structuring, and distribution of subscription secured credit facilities for private equity funds globally, and has been covering the product exclusively for ten-plus years. His clients include top tier alternative asset managers headquartered in North America, Europe, and Asia. Prior to joining Morgan Stanley, Mr. McBride worked in the subscription finance group at Sumitomo Mitsui Banking Corporation and on the leveraged finance syndications team at RBC Capital Markets. Mr. McBride graduated from Boston College.

Stuart McIntosh

SMBC

Capital Call Facilities

11:20 AM | 2024-05-02

Stuart McIntosh

European Head of Subscription Finance | SMBC

Stuart McIntosh is Executive Director, Head of European Subscription Finance at SMBC. Based in London his focus is on originating, structuring and execution of subscription credit facilities whilst also working with SMBC colleagues to deliver the bank’s global product suite to Private Equity Sponsor clients.

Prior to joining SMBC in 2019, Stuart was European Head of Sponsor Coverage & Subscription Finance at Commonwealth Bank of Australia London. He started his career at HSBC where he spent 10yrs in various investment management client coverage and support roles. Stuart is a graduate of Brunel University where he majored in Business.

Katie McMenamin

Simpson Thatcher & Bartlett

Hot topics and Trends in Fund Finance

10:00 AM | 2024-05-02

Katie McMenamin

Partner | Simpson Thatcher & Bartlett

Katie McMenamin is joining Simpson Thatcher & Bartlett LLP as a Partner and a member of the London Fund Finance Practice.

Katie advises both sponsors and lenders on fund level financing matters ranging from subscription facilities to hybrid financings and NAV facilities as well as GP support debt facilities. She has experience across a broad range of strategies from private equity, real estate and infrastructure to secondaries and credit funds and is at the cutting edge of developing innovative alternative financing solutions.

Jamie Mehmood

Deloitte

GP Focus

3:00 PM | 2024-05-02

Jamie Mehmood

Head of Fund Finance Advisory | Deloitte

Jamie is Head of the Fund Finance Advisory business within the 100+ strong Debt & Capital Advisory team at Deloitte. The Fund Finance Advisory team has been in operation since 2020 and has grown over that time to a headcount of five experienced Fund Finance professionals, all of whom look solely at Fund Finance (currently recruiting for a sixth). In this role, Jamie is involved in a range of financings across the full breadth of the Fund Finance market (by product, sector and size), covering everything from first time debt raises to multi-billion dollar syndicated subscription line financings and structured PE NAV transactions.

Prior to joining Deloitte in January 2020, Jamie worked at RBS for 19 years in a range of roles around Fund Finance, covering debt structuring and execution as well as latterly a role as co-head of the Funds Banking relationship coverage team. During his time at RBS Jamie also spent six months working on secondment at a leading private debt fund and for three years was responsible for developing RBS plc corporate bank’s strategy for the provision of finance to support Sustainable Energy.

Jamie is qualified as a Chartered Accountant, having studied Geography at Magdalene College, Cambridge.

Robert Milner

Carey Olsen

Emerging and Continuing themes in Fund Finance

4:20 PM | 2024-05-02

Robert Milner

Partner | Carey Olsen

Robert is one of Jersey’s leading funds lawyers. He acts for a wide range of boutique and institutional fund managers and has extensive experience in establishing private, expert, unregulated and listed Jersey funds. He has particular expertise in establishing fund manager vehicles and structures, including migrating fund managers to Jersey from other jurisdictions. Robert also advises on the establishment, financing and sale of Jersey vehicles holding UK and European-situate real estate (including JPUTs) and advises on the structuring and listing of REITs, having been a member of the TISE Rules Committee responsible for amending the listing rules to streamline the requirements for REITs.

Roxana Mirica

Apax

Legal Update

1:40 PM | 2024-05-02

Roxana Mirica

Partner | Apax

Roxana Mirica joined Apax in 2017 as head of Capital Markets in Europe. She is responsible for leading acquisition financing and ongoing debt and equity capital markets transactions for Apax’s portfolio companies, as well as fund level financing. Additionally, Roxana manages day-to-day relationships with banks and institutional debt and equity investors. Roxana also serves on the boards of Genius Sports and the Apax Foundation.

Prior to joining Apax Partners, Roxana spent 9 years at Barclays, most recently as Director in Leveraged Finance.

Roxana holds a BA in Economics and Chemistry cum laude from Dartmouth College.

Brad Mitchell

Pantheon Ventures UK LLP

Shelley Morrison

abdrn

Closing Remarks Track B

5:10 PM | 2024-05-02

Shelley Morrison

Head of Fund Finance | abdrn

Shelley Morrison is Head of Fund Financing at abrdn with extensive experience in the origination, structuring and execution of fund level debt facilities. She has been with the company since 2019. Before joining the company, Shelley was a Relationship Director in the Fund Finance team at RBS for 6 years where she managed a portfolio of subscription loans, NAV loans and GP finance to global funds across Private Equity, Private Debt, Infrastructure and Real Estate. Prior to that, she worked in structured asset finance at RBS and Lloyds for 10 years, with a focus on commercial ship finance. Shelley received a first-class honours degree in Geography and an MSc in Social and Political Theory, both from the University of Edinburgh.

Billal Muhammad

Citi

Surviving and thriving in the private capital world of the future

3:00 PM | 2024-05-02

Billal Muhammad

Head of Fund Finance & Head of Product Strategy, Wealth | Citi

Billal is the Head of Citi’s Fund Finance business focusing on Subscription Credit Facilities and Head of Product Strategy and Governance for the Wealth Structured Lending Products. He has been at Citi for 14 years in various product, strategy, and relationship management roles. Billal is a Chartered Alternative Investment Analyst (CAIA) charterholder, a senior credit officer for Citi and holds a first-class degree from Imperial College London. In addition to his role at Citi, Billal founded the Fund Finance Association NextGen sub-group, sits on the European Executive Committee of the Fund Finance Association and is an Associate Fellow of University of Oxford.

Jad Nader

Ogier

Legal Update

1:40 PM | 2024-05-02

Jad Nader

Partner, Banking & Finance | Ogier

Jad's core practice is in handling cross-border lending transactions, advising on fund finance, acquisition finance, debt capital markets and debt restructuring. He has particular expertise in sophisticated international financing techniques and regularly acts for major international financial institutions and private equity houses. He has also assisted on multiple regulated M&A transactions involving banks and insurance companies.

Prior to joining Ogier, Jad worked for several other high profile law firms, including a magic circle firm, and a major European bank. He has more than 16 years' experience working on Luxembourg matters and also worked for several years as head of the Luxembourg desk of a European law firm in New York.

Jad is also active in academic circles and has lectured on guarantees, mortgages, security interests, property and fiduciary rights, Islamic finance, as well as privacy and IT law.

He regularly speaks and frequently publishes on subjects such as fund finance, cross-border lending, financial collateral, BRRD and banking regulations, securities law and restructuring and corporate recovery law. He sits on the editorial board of the Revue de Droit du Financement de l'Economie published by Legitech. He is an active member of numerous Luxembourg and international professional associations, including the American Chamber of Commerce in Luxembourg (Amcham), the Luxembourg Association of Banking Lawyers (ALJB), the International Bar Association (IBA), the American Bar Association (ABA) and the New York Bar Association.

Jad holds postgraduate degrees in private international law (DEA) and IT law (DESS) as well as a doctor of laws. His PhD thesis was on the taking of security over financial assets.

Andrey Nikolaev

S&P Global Ratings

Securitisation, Risk Transfer, Ratings

3:00 PM | 2024-05-02

Andrey Nikolaev

Managing Director | S&P Global Ratings

Andrey Nikolaev leads S&P Global Ratings EMEA Financial Institutions team
with 20 analysts spread out over offices in London, Paris and Dublin. The team
provides credit ratings for Alternative Investment Funds, including Private
Equity, Private Debt, Funds of Funds, Infrastructure, as well as for Banks and
NBFIs.
Andrey has 20 years of experience in credit analysis and risk management and
has been with S&P Global Ratings since 2007. Previously he held a number of
senior analytical and managerial positions in EMEA Corporate Ratings notably
with a focus on commodities and chemicals sectors and was also responsible
for the Middle East corporate and infrastructure coverage. Andrey holds CFA
and FRM designations, ESSEC Executive MBA and graduated from Higher
School of Economics in Moscow.

Leigh O'Brien

MIzuho EMEA

James Parsons

PAG

Securitisation, Risk Transfer, Ratings

3:00 PM | 2024-05-02

James Parsons

Partner | PAG

James Parsons has over 17 years’ experience of investing in SRT transactions. He is a Partner at PAG, where he has headed the SRT investment strategy for the last 7 years. PAG manages over US$ 50bn of investor capital and employs around 700 people across Asia, London and New York.

PAG has been active since 2018 as an investor in SRT transactions of bank originated portfolios of subscription line facilities.

Previously James was a Portfolio Manager at BlueCrest Capital for 10 years where he headed the BlueCrest Mercantile Fund, a fund dedicated to investment in SRT transactions. Prior to that James was a co-founder of LTP Trade, a provider of economic and regulatory capital services to banks, and he started his career in Deutsche Bank where for 14 years he was a credit structurer and trader.

James holds a 1st class degree in Materials Science from Cambridge University.

Gabriela Patrikova

Linklaters LLP

Pierre-Henry Quantin

Corinthia Global Management Limited

NAV Lending to Credit Funds

11:20 AM | 2024-05-02

Pierre-Henry Quantin

Corinthia Global Management Limited

Pierre is a Fund Finance Professional with 7 years of experience in arranging, structuring, negotiating and executing Fund Finance transactions.

These transactions include Subscription Credit Facilities, NAV Backed Facilities, Asset Backed Facilities (Private Credit/ABS/Infra) and Equity Bridge loans.

In addition, he contributes to managing the execution of ancillary business such as FX hedging, (ISDA/CSA negotiation for Fund level long-term net equity hedging and share class hedging programs) and cash management for vehicles that benefit from fund financing products.

Finally, as a member of the capital markets team, Pierre ensures that a “balance of trade” remains at the centre of his interactions with the service providers he works with.

Thomas Rapp

Wells Fargo

Secondaries

10:00 AM | 2024-05-02

Thomas Rapp

Managing Director, Head of EMEA Fund Finance, Financial Institutions | Wells Fargo

Thomas Rapp is a Managing Director in Wells Fargo’s Financial Institution Group in London where he focuses on origination and structuring of Fund Finance Facilities in Europe.

Thomas is the head of the EMEA Fund Finance Group which focuses on providing liquidity and fund-level leverage to Private Equity funds across a number of strategies (including buyout, real estate, energy, infrastructure, secondaries, debt strategies and transportation) and jurisdictions (UK, Luxembourg and Channel Islands).

Before joining Wells Fargo as part of the acquisition of WestLB’s platform, Thomas was an Executive Director at WestLB’s London Fund Finance team where he structured Subscription Finance facilities since 2008. Prior to this, Thomas was a Senior Risk Officer for Leveraged Finance and Media/Entertainment and Telecom Structured Finance in WestLB’s New York branch for 4 years. He previously held various positions at WestLB in Germany and started his career with a 2-year Traineeship at Deutsche Bank. Thomas received a Diplom Kaufmann degree in Economics from the University of Kiel (Germany).

Emily Rose

HSBC Innovation Banking

Market Update

10:00 AM | 2024-05-02

Emily Rose

Managing Director | HSBC Innovation Banking

Emily Rose is a Managing Director at HSBC Innovation Banking on the Strategic Fund Solutions team. Emily leads Business Development within the team and is responsible for new client origination, HSBC Innovation Banking’s syndication strategy and the Emerging Managers practice. HSBC Innovation Banking Strategic Fund Solutions works with over 300 fund managers across the UK and Europe, providing a unique product offering to cater for managers’ specific banking and financing needs.

Emma Russell

Haynes Boone

Opening Remarks

9:00 AM | 2024-05-02

NAV Lending to Credit Funds

11:20 AM | 2024-05-02

Emma Russell

Partner | Head of the Finance Practice Group | London | Haynes Boone

Emma Russell is a partner and head of the Finance Practice Group in the London office of Haynes and Boone. Emma is an experienced loan finance lawyer with extensive knowledge in global fund finance, real estate finance transactions, and structured and specialty finance, as well as more general experience in acquisition, leverage, and general corporate finance. Her practice focuses on the full range of fund lending products across all fund sectors, (including private equity, real estate, secondaries, infrastructure, and hedge) from capital call facilities, hybrid/NAV facilities, to general partner support, co-invest facilities and portfolio acquisition facilities and assisting funds with structuring. Emma has significant experience advising credit funds and their lenders in relation to leverage facilities to CLO’s/CDO’s and securitisation vehicles. Emma’s experience also includes advising both lenders and funds on private equity, receivables financing, asset based lending, speciality finance, real estate fund structuring, and acting for both lenders and sponsors in relation to investment and development real estate finance and leverage restructurings. Emma has spent significant time working in-house with various financial institutions during her career. She has gained varied experiences with both business and legal teams across all lending sectors. Emma co-chairs the European Committee of Women in Fund Finance, a group associated with the Fund Finance Association, which is focused on recognition and promotion of women leaders within the alternative investment fund finance industry.

Rhita Sami

Hayfin Capital

Aimee Sharman

Mayer Brown International LLP

Emerging and Continuing themes in Fund Finance

4:20 PM | 2024-05-02

Aimee Sharman

Partner | Mayer Brown International LLP

Aimee Sharman has a broad client base across multiple fund and asset classes (private equity funds, credit
funds, infrastructure funds, secondary funds, real estate funds, emerging market funds, hedge funds and
more), acting for both borrowers and lenders on a wide range of financing products across the fund finance
sector. Her extensive experience includes advising on bridge financing, GP support or co-investment
facilities, fund of funds financing, NAV/asset backed facilities or hybrid facilities and preferred equity
solutions.

Bhupinder Singh

FAB

Emerging and Continuing themes in Fund Finance

4:20 PM | 2024-05-02

Bhupinder Singh

Managing Director | FAB

Bhupinder Singh is a Managing Director, Global Head of Leveraged & Acquisition Finance at First Abu
Dhabi Bank (FAB), the largest and most preeminent regional investment bank in the Middle East. He has
developed and established the FAB Leveraged & Acquisition Finance business to become the leading
platform in the MENA region, winning several prominent industry awards on the way.

Fund Finance and Structured Credit has been a key contributor to the growth of the business, with a
focus on regional LPs, and global asset managers. His team is the preferred partner on all Acquisition,
Infrastructure or Fund Financings for the most sophisticated clients in the region, as well as global private
equity sponsors. The business has grown its income and assets multiple fold under his leadership in the
past four years.

Prior to joining FAB in 2019, Bhupinder spent 9 years at Standard Chartered in Dubai, where he was
responsible for the leveraged finance business in KSA, as well as all real estate related financings in the
region. He started his career in 2005 in London as an M&A banker at Morgan Stanley, and also spent
some time at Lloyds before moving to Standard Chartered in Dubai in 2011.

Bhupinder holds an MSc in Applied Economics & Finance from Copenhagen Business School and
Stockholm School of Economics.

Paul Sinthunont

Preqin

Preqin Update

9:10 AM | 2024-05-02

Paul Sinthunont

Head of Asset Allocation | Preqin

Paul Sinthunont is the Head of Asset Allocation research and a member of Preqin’s Insights+ team based in London. With over a decade of experience in research and consulting within investment management and capital markets, he has had a broad focus across trading, portfolio and risk management, performance measurement, and investment technology consulting. Paul is a CFA charterholder and holds a B.A. in Politics, Philosophy, and Economics from the University of Manchester, as well as an M.Sc. in Economics from the University of Warwick.

Sherri Snelson

White & Case

Emerging and Continuing themes in Fund Finance

4:20 PM | 2024-05-02

Sherri Snelson

Partner | White & Case

Sherri Snelson is a partner in White & Case's Debt Finance practice, based in New York. Sherri has extensive experience acting as lead counsel for fund finance lenders and borrowers, in connection with leveraged finance and fund/portfolio finance transactions. Sherri is dual qualified in New York and England & Wales and practiced previously in the UK. Sherri has acted as lead counsel on hundreds of finance transactions that span a wide array of industries and jurisdictions throughout the Americas, Europe and Asia.

Mohith Sondhi

Oak North

NAV 1.0

11:20 AM | 2024-05-02

Mohith Sondhi

Senior Director, Debt Finance | Oak North

Mohith Sondhi is a Senior Director of Debt Finance at OakNorth Bank, having joined in April 2016 from RBS. He is an expert in broad Structured and Corporate Finance having gained significant experience in a variety of roles covering main functional areas, including customer relationships, portfolio management, risk management, people management and strategy development. Having proven his ability to deliver success in a range of challenging business situations, Mo is responsible for originating, structuring and executing complex transactions, providing a range of short- and long-term funding solutions designed to support growing businesses.

Thomas Speller

KBRA

NAV Lending to Credit Funds

11:20 AM | 2024-05-02

Thomas Speller

Director, Funds | KBRA

Tom Speller is a Director within the Funds Rating Group at KBRA UK. Tom joined KBRA in 2021 and focuses on the rating of Fund Finance transactions including subscription lines and NAV loans.

Prior to joining KBRA, Tom was an executive director at Goldman Sachs International, where from 2006 he worked as a credit risk analyst covering a variety of industries and products, with a particular focus on the funds industry, including private equity funds and hedge funds, as well as structured lending.

Tom received a BSc. in mathematics and statistics from the University of Edinburgh and is currently a CFA Charterholder.

Victoria Stewart

Partners Group

Lender landscape

1:40 PM | 2024-05-02

Victoria Stewart

Global Head Fund Financing | Partners Group

Victoria Stewart is the Global Head Fund Financing sitting within the Capital Markets business unit at Partners Group. She has been with Partners Group since 2011 and has 20 years of industry experience, primarily in sourcing, structuring and executing fund level and equity bridge facilities. Prior to joining Partners Group, she worked as a lawyer in private practice in Edinburgh, UK. She holds a bachelor’s degree in law, a master’s degree in management and a postgraduate diploma in legal practice from the University of Aberdeen, UK and a master's degree in European and international business law from the University of St. Gallen (HSG), Switzerland.

Paul Tannenbaum

Proskauer

Lender landscape

1:40 PM | 2024-05-02

Paul Tannenbaum

Partner | Proskauer

Paul Tannenbaum is a Finance partner and member of the Private Capital Team (working closely with the Private Funds Group).

Paul has extensive experience acting for lenders, borrowers and financial institutions on both fund financings and acquisition and leveraged finance transactions.

Paul's fund finance experience includes advising GPs and lenders in connection with traditional subscription lines, hybrid and NAV facilities, co-investment facilities, GP support facilities, management fee facilities, asset leverage facilities for credit funds, loans to separate managed accounts and fund of fund financings.

Paul has been recognised by Legal 500 as a Next Generation Partner for Fund Finance and as a key lawyer for Bank Lending.

Stephen Thomas

Coller Capital

GP Focus

3:00 PM | 2024-05-02

Stephen Thomas

Head of Finance | Coller Capital

Stephen is Head of Finance at Coller Capital, a leading Secondaries Private Equity firm, based in the Firm’s London office and his responsibilities include negotiating and structuring financing facilities for all active Coller funds as well as their wider treasury requirements.

Stephen is an FCA Chartered Accountant. Prior to joining Coller Capital in 2010, Stephen trained at Deloitte in London before spending 18 months with KPMG in the Cayman Islands.

Stephen holds an undergraduate degree in History and Politics from the University of Warwick.

Simon Thwaites

Barclays

NAV 2.0

1:40 PM | 2024-05-02

Simon Thwaites

Managing Director, Funds and Equity Solutions Origination | Barclays

Simon Thwaites is a Managing Director in the Funds and Equity Solutions team in Barclay’s Corporate and Investment Bank. Based in London, he is responsible for originating and structuring NAV financing trades to provide leverage and financing solutions in both loan and derivative format to owners and managers of Hedge Funds and Private Equity funds.

Simon joined Barclays in October 2018 from TP ICAP where he was Head of Debt Solutions, responsible for Fund Finance intermediation. Prior to this, Simon spent over 15 years at Credit Suisse in the Fund Linked Products Team where he was instrumental in building their Fund-Linked Financing franchise. Before joining Credit Suisse, Simon was a Manager in the Business Recovery Unit at BDO UK.

Simon is a Chartered Certified Accountant and holds an MA in Mathematics from the University of Oxford.

Saniyé Tipirdamaz

Mourant

Market Update

10:00 AM | 2024-05-02

Saniyé Tipirdamaz

Mourant

Saniyé is a Partner in Mourant's Luxembourg Corporate and Finance practice and specialise in banking and finance work. Saniyé has extensive experience in all types of international and domestic financings with a particular focus on fund financings, asset financings (aircraft, ship, railway), acquisition financings, real estate financings, project financings, corporate financings, Islamic finance, structured finance and refinancings. Saniyé frequently advises many of the world's leading finance institutions and private fund sponsors on the structuring and execution of finance transactions and restructurings involving secured lending to Luxembourg companies and investment funds. Saniyé also has extensive experience on fund finance matters and cross-border restructuring and insolvency work. Before joining Mourant, Saniyé worked in the Banking and Finance team at an international law firm in Luxembourg.

saniye.tipirdamaz@mourant.com

Steven Tremblay

Assured Guaranty

Lender landscape

1:40 PM | 2024-05-02

Steven Tremblay

Managing Director - Structured Finance | Assured Guaranty

Steven Tremblay is a Managing Director in the Structured Finance Originations group of Assured Guaranty. During his 24-year tenure at Assured Guaranty and its predecessor Financial Security Assurance (“FSA”), Mr. Tremblay also served various roles in the Structured Finance portfolio management group, most recently serving as the Chief Surveillance Officer for the Structure Finance portfolio.

Previously, Mr. Tremblay served as the Head of Credit for the Financial Products business of FSA. Prior to Assured Guaranty, Mr. Tremblay worked in the Structured Finance Surveillance groups of S&P and bond insurer MBIA.

Mr. Tremblay received an MBA in Finance from Pace University and a BSc from the Department of Anatomy & Cell Biology of McGill University.

Marco Unti

Deutsche Bank

NAV Lending to Credit Funds

11:20 AM | 2024-05-02

Marco Unti

Managing Director | Deutsche Bank

Marco joined Deutsche Bank in 2016 as a member of the Global Credit Trading team in London. Within GCT Marco runs the Structured Credit Financing business and is primarily focussed on developing DB fund financing offering across the product spectrum from subscription financing to NAV facilities and fund-supported single asset financing.

Before joining DB Marco spent 11years at Credit Suisse, where he held a variety of structuring and trading roles within fixed income.

Raghav Wadhawan

Standard Chartered Bank

Emerging and Continuing themes in Fund Finance

4:20 PM | 2024-05-02

Raghav Wadhawan

Executive Director | Standard Chartered Bank

Raghav Wadhawan is an Executive Director at Standard Chartered Bank. Based in London, he is part of the Sponsors Coverage team which is a global coverage team focused on origination and execution of transactions for Private Equity Funds across the fund and asset level. His focus is on covering Sponsors across Private Equity, Real Estate, Credit, and Infrastructure sectors and on a global basis. Raghav is responsible for supporting Sponsor clients with fund facilities, ranging across Subscription, Hybrid, NAV, and GP Financing. Prior to joining Standard Chartered Bank, Raghav worked at Lehman Brothers. He has an Economics degree from the London School of Economics and a Masters in Finance from Imperial College. Raghav is also a CFA charterholder and part of the FFA EMEA Executive Committee.

Kieran Welsh

Partners Group

Jill Wilson

Lloyds Bank

Ramesh Yesodharan

Sumitomo Mitsui Trust Bank

Platinum Sponsors

Appleby

Appleby is one of the world’s leading international law firms, and a market-leader in the Fund Finance sector.

Our experienced Fund Finance team are experts in advising banks and finance providers in the development of sophisticated financing solutions. We regularly act across multiple fund and collateral structures, involving partnerships, LLC’s and other corporate vehicles as borrowers and guarantors. The team have unparalleled experience and expertise and have advised on hundreds of subscriptions, NAV, hybrid and asset-backed facilities that have ranged from a hundred million to billions of dollars in subscribed investor commitments.

Appleby holds a strong reputation and history in this market space and is a founding member of the Fund Finance Association.

Ashurst

We are pioneers in Fund Finance. As one of the first law firms to advise in this market, we have helped shape its growth and development into the multiple finance products available today. Collectively, our industry-leading partners have over 80 years of experience in structuring and acting for lenders and borrowers on all types of fund financings, including capital call, NAV, preferred equity, SMAs, family offices, co-investments and GP & management facilities. Our unrivalled breadth of experience, commitment to the market and track record of delivering exceptional standards of service means we are a trusted adviser to all the major lenders, GPs, managers and sponsors.

We know funds. Working with our award-winning fund formation, fund tax and fund regulatory practices, we are able to advise and guide the most demanding clients on all aspects relating to funds.

We find solutions that work across borders. As one of the world's leading global law firms, our story is one of change and progress. Since 1822, our ambition has always been to lead the field, to be ahead of our time, and to inspire change. Through our 200-year history, taking a progressive stance on the issues of our time has been a constant thread, every step of the way. And this thread continues to run through our global law firm. We have 31 offices in 18 countries and offer the reach and insight of a global network, combined with the knowledge and understanding of local markets. With over 450 partners and a further 1,800 lawyers working across 11 different time zones, we are able to respond to clients wherever and whenever required. Our network of fund and fund finance experts are one global team that seamlessly and efficiently find solutions and manages the largest and most complicated cross-border transactions.

Ashurst – ranked Band 1, Legal 500 Fund Finance 2024

Cadwalader, Wickersham & Taft LLP

With over 225 years of legal experience, Cadwalader, Wickersham & Taft LLP serves a diverse client base, including many of the world’s leading financial institutions, funds, Fortune 500 companies and other leading corporations, and individual private clients. With offices in New York, London, Charlotte and Washington, D.C., Cadwalader offers legal expertise in antitrust, banking, corporate finance, corporate governance, energy, environmental, executive compensation, finance, financial restructuring, health care, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitisation, structured finance, tax and white collar defense. Cadwalader has more than two decades of experience in fund finance, providing practical, yet cutting edge, advice to a wide variety of financial institutions active in the space. The Fund Finance team regularly represents the agent, lead arrangers and lenders on subscription credit and capital call facilities to real estate, private equity and other investment funds.

Carey Olsen

Carey Olsen is a leading offshore law firm. Our fund finance specialists have extensive experience of advising on all types of lending to investment funds in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey and Jersey.

Our lawyers regularly deal with subscription facilities, GP leverage, co-invest facilities as well as hybrid and NAV based arrangements, with loan sizes ranging from tens of millions to billions of dollars. We work alongside all of the major onshore law firms, accountancy firms and insolvency practitioners on corporate transactions and matters involving our jurisdictions.

Our advice is delivered by an approachable and experienced team of globally-minded lawyers who work in partnership with our clients to help them achieve their objectives. We have the expertise and resources to handle the most complex international transactions combined with a personal approach to business.

Clifford Chance LLP

Clifford Chance is one of the world’s pre-eminent law firms, with the depth and range of resources to help our clients across all the major global financial centres. As a single, fully integrated partnership, we pride ourselves on our ability to work seamlessly across national borders and product areas to deliver broad industry expertise and local knowledge. Clifford Chance brings a market-leading fund finance proposition, advising lenders, investors and sponsors/GPs on a wide range of financing options, including capital call / bridge facilities, leveraged NAV facilities and borrowing base deals (including hybrid facilities), along with facilities for general partners, preferred equity arrangements and non-bank financing. Our global funds/funds formation practice of over 130 lawyers works in tandem with our lending, corporate and regulatory teams to provide a complete fund financing platform for our clients.

Deutsche Bank

Deutsche Bank is the leading German bank with strong European roots and a global network. The bank focuses on its strengths in a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank and in asset management. Deutsche Bank provides financial services to companies, governments, institutional investors, small and medium-sized businesses, and private individuals. The Investment Bank focuses on its traditional strengths in financing, advisory, fixed income and currencies.

Deutsche Bank is an active participant in the fund finance market and has arranged or supported as a member of a wider syndicate a variety of transactions. Deutsche Bank is well-placed as a reliable funding partner particularly on bespoke financing solutions and can help the sponsors achieve a variety of objectives through a wide product suite. Deutsche Bank is a global financial services provider that takes a holistic view of sponsor client relationships and can cater to multiple objectives, asset types and structures. Deutsche Bank’s multi-currency and jurisdictional solutions are especially advantageous for EU and US based sponsors seeking to execute on new subscription finance opportunities or opportunistic add-on acquisitions to platform/portfolio companies and clients are provided with connectivity to Deutsche Bank’s overall platform, when desired. Deutsche bank’s structuring capabilities are best in class with customizable solutions aimed at achieving goals prescribed by the sponsor. Deutsche Bank has financing capabilities across a broad spectrum of assets, matching the breadth of Deutsche Bank Structured Finance platform.

EverBank

EverBank’s Fund Finance business is a division of EverBank, N.A., a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. EverBank’s Fund Finance division provides lending and financing solutions to alternative asset managers and the private equity community. Products include subscription credit facilities, hybrid and NAV loans, management company facilities and other bespoke financings, along with advisory and placement services, as needed, and customized treasury management capabilities built specifically for the private markets. This specialized business team has some of the industry’s most experienced professionals to help deliver tailored solutions with preeminent service to help clients maximize their performance and efficiency. For more information on TIAA Bank’s Fund Finance offerings, visit EverBank.com.

Fitch Ratings

Fitch Ratings is a leading provider of credit ratings, commentary, and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective, and insights we provide help investors to make important credit judgments with confidence.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; Fitch Learning, a preeminent training and professional development firm; and Sustainable Fitch, the first global ESG Ratings solution for all asset classes at an entity and instrument level.

With dual headquarters in London and New York, Fitch Group is owned by Hearst.

For additional information, please visit fitchratings.com.

Haynes and Boone

Haynes Boone is a leading U.S. corporate law firm whose attorneys were instrumental in developing the structure and documentation for subscription financing in the early 1990s. With over 30 years of industry experience in the global subscription financing market, our Fund Finance Practice has worked through numerous business cycles, taking a multi‐disciplinary approach to working with clients and their customers on each transaction, preserving the lender‐borrower relationship by conducting all negotiations with an understanding of the fund’s business issues, while preserving each fund’s relationship with its investors. Our work in the global subscription financing market has been recognized by The Drawdown as Fund Finance Advisory Firm of Year and by Private Equity International’s Global Annual Awards as one of the top law firms in the “Transactions” category for both Asia and North America. Our global team’s focus is a collaborative team approach with an emphasis on partner‐led deals. Our fund finance team of over 70 attorneys and specialists advises on all types of fund finance including subscription financing, NAV/Hybrid, unencumbered asset pool financing, employee co-invest, GP support and management fee financings. Haynes Boone has offices in New York, California, Charlotte, Chicago, Denver, Washington D.C., London, Mexico City, Shanghai and across Texas, representing agent banks in Fund Financings in Asia, Europe, Latin America and North America. With over 700 lawyers, Haynes Boone is ranked among the largest U.S.‐based firms by The National Law Journal.

ING

ING is a global bank with a strong European base. Our more than 60,000 employees offer retail and wholesale banking services to customers in over 40 countries.

Our purpose is to empower people to stay a step ahead in life and in business.

Our products include savings, payments, investments, loans and mortgages in most of our retail markets. For our Wholesale Banking clients we provide specialised lending, tailored corporate finance, debt and equity market solutions, sustainable finance solutions, payments & cash management and trade and treasury services.

Customer experience is what differentiates us and we’re continuously innovating to improve it. We also partner with others to bring disruptive ideas to the market faster.

ING’s dedicated Fund Finance team have a presence in London, Luxembourg, New York and Singapore.

Kirkland & Ellis

Kirkland & Ellis provides exceptional service to clients around the world in complex corporate and tax, litigation, intellectual property, restructuring and counseling matters. The Firm offers clients the unsurpassed resources of a large, integrated, multidisciplinary, global team of more than 3,500 attorneys across 19 cities in New York, Chicago, Austin, Beijing, Boston, Brussels, Dallas, Hong Kong, Houston, London, Los Angeles, Miami, Munich, Palo Alto, Paris, Salt Lake City, San Francisco, Shanghai, and Washington, D.C.

Kirkland is a global leader in providing sophisticated advice to investment fund sponsors, institutional investors and other market participants in the alternative investment fund space. Kirkland’s strength lies in our unique ability to bring together best-in-class lawyers in all major markets across an extensive, cross-border private equity platform in the United States, Europe and Asia-Pacific. With more than 570 dedicated Investment Funds attorneys, no other law firm matches the breadth, depth and scope of Kirkland’s experience in investment funds legal services. In addition to offering one of the largest and most active investment funds practices in the world, Kirkland’s platform also includes a dedicated fund finance bench that brings in-depth practical market knowledge to a wide range of financing structures. Since 2018, Kirkland has executed more than 1,000 fund financing transactions for over 400 clients, including more than 110 NAV facilities, representing approximately $248 billion in aggregate transaction value.

Lloyds Bank

Lloyds Bank Commercial Banking is part of Lloyds Banking Group, a UK-focused retail and commercial bank with more than 30 million customers across the globe, including 1 million SME customers and 91% of the FTSE 100.

In North America, our Commercial Banking business provides a client-oriented approach for businesses with strong links to the UK. Through our network of relationship managers and by working closely with our Head Office, we offer sound local US and UK knowledge and advise our clients on their businesses and the solutions they need to secure growth and manage risk. We provide them with core banking products such as lending, to develop their activities, drive wealth and job creation, as well as deposits and a range of domestic and international transaction banking services. We are also experts in the Capital Markets and Financial Markets areas, present in the US through our local broker dealer Lloyds Securities Inc.

Loyens & Loeff

Loyens & Loeff is a leading law firm with integrated legal and tax practices. We handle all matters relating to investment funds, banking, corporate, private equity, real estate and tax law. Our offices in the Benelux and Switzerland mainly represent banks, financial institutions, investment funds and corporations, operating internationally.

The fund finance team of Loyens & Loeff advises in relation to the structuring of fund finance transactions and the related security packages. Relying on our extensive experience in the structuring of capital call subscription credit facilities, permanent leverage facilities and GP facilities, we handle transactions involving alternative or regulated investment fund borrowers of all types, sizes and asset classes. Major lenders, investment fund managers, sponsors and market players in both the US and European markets count on our expertise regarding fund finance transactions. Our dedicated fund finance team has successfully acted for the most active international banks, arrangers, lenders and fund managers in these markets.

Mayer Brown

Mayer Brown, the founding sponsor of the Annual Subscription Facility and Fund Finance Symposium, is a global legal services organization advising clients across the Americas, Asia and Europe. Our presence in the world’s leading markets enables us to offer clients access to local market knowledge combined with global reach. Mayer Brown’s finance platform is based on the Firm’s global position and our balanced and integrated practice, which encompasses all the focused skill sets that our clients demand— from cross-border acquisition finance and international capital markets work to project finance, structured finance, and derivatives.

Mayer Brown is a market leader and has acted as Adviser to Lenders and Funds on over 500 subscription credit facilities in the last two years. The firm has relationships with every major US lender along with the majority of active lenders in the European and Asian markets. The team has led transactions funded by balance sheet lenders and commercial paper conduits as well as large syndicated facilities to accommodate various types of insurance companies. Its lawyers are experienced documenting the full suite of fund and portfolio-level financings including subscription-backed credit facilities, NAV facilities, private placements, equity commitment facilities, hybrid facilities, open-end fund facilities, management fee credit lines and an assortment of leveraged asset level transactions.

MUFG Investor Services

MUFG Investor Services is a leading solutions provider for the global alternative investment management industry. From 17 locations around the world, MUFG Investor Services, through its suite of solutions, helps clients mitigate risk, execute seamlessly, and increase efficiencies across their pre- and post-trade operations. With more than $1 trillion in assets under administration, MUFG Investor Services is one of the top fund administrators globally and provides a broad range of solutions including administration, asset servicing, banking and liquidity, corporate and regulatory services, financing, business consulting, and more. Its nearly 500 clients represent funds across the public and private markets, including hedge funds, fund of funds, private equity, private debt, real assets, infrastructure, mutual funds, venture capital, and more. MUFG Investor Services is a division of Mitsubishi UFJ Financial Group, Inc (MUFG) one of the largest banks in the world with approximately $3 trillion in assets. To learn more, please visit us at www.mufginvestorservices.com.

Natixis Corporate & Investment Banking

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.

Our teams of experts in around 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.

As part of the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor's: A, Moody's: A1, Fitch: A+, R&I: A+).

Ogier

Recommended as a top-tier firm by Legal 500, Ogier has advised on fund finance since the inception of the funds industry, regularly acting for banks, financial institutions, funds and sponsors on a full range of fund finance transactions. The firm's specialists are highly accomplished and many of its lawyers have been actively involved in drafting key legislation that underpins the fund structures in BVI, Cayman Islands, Guernsey, Ireland, Jersey and Luxembourg, making Ogier the only firm to advise on those six laws. The diverse nature of Ogier's practice provides its team with valuable insight and understanding of the funds market and the legal and commercial issues relevant to borrowers and lenders alike. With a growing team of more than 1,000 people across 12 of the world's most distinguished international finance centres, Ogier's 'hands-on' partner-led teams ensure a consistent approach, while providing responsive and practical advice.

Visit www.ogier.com to read more about Ogier's fund finance offering and see the global team.

Reed Smith

Reed Smith is a market-leading international law firm specializing in fund finance. With more than 1,700 lawyers across 31 offices, we advise lenders and funds on capital call/subscription lines, NAV and asset-backed facilities, secondary funds facilities, hybrid facilities, co-investment and GP/manager support facilities and other fund liquidity facilities in Europe, the U.S., Asia and the UAE. We have one of the largest team of fund finance lawyers globally and provide specialist advice on the new and developing products in this area. Reed Smith has particular capability with financings of direct lending, secondary and PE funds. Reed Smith’s fund finance team sits within our Financial Industry Group, that contains more than 210 lawyers who provide dedicated multi-jurisdictional services to clients in the financial sector, focusing on finance, funds and investment management, regulatory, tax, litigation and commercial restructuring and bankruptcy.

S&P Global Ratings

S&P Global Ratings is the world's leading provider of independent credit ratings. Our ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence. We have more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. We offer an independent view of the market built on a unique combination of broad perspective and local insight. We provide our opinions and research about relative credit risk; market participants gain independent information to help support the growth of transparent, liquid debt markets worldwide.

S&P Global Ratings is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/ratings.

Simmons & Simmons LLP

Collaborative, agile and partner-led: that’s Simmons & Simmons. A law firm that challenges, creates new possibilities and offers opinion not just option. A law firm that acts as your business partner and works with you, not for you.

We focus on four highly regulated sectors using our specialist skills to understand your business, and the forces at play around it. All grounded in exceptional knowledge of the legal detail. This is how we consistently deliver smarter, more efficient ways to tackle our clients’ most complex challenges.

Our International Funds Finance practice is no exception. Operating across the UK, Europe, Middle East and Asia, we’re recognised for both technical excellence and outstanding commerciality. The team advises banks, hedge fund managers, private equity funds, real estate funds and investment fund managers in connection with a wide range of financings involving many different fund asset classes. As both the Asset Management/ Investment Funds and Financial Institutions sectors are key areas of focus for our firm, whether we are acting for a lender or a borrower, we are able to deliver an efficient and high calibre service.

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP (www.simpsonthacher.com) is one of the world’s leading international law firms. The Firm was established in 1884 and today has more than 1,300 lawyers. Building on over 135 years of experience, the Firm has played a substantial role in many of the most complex and noteworthy transactions and matters of the last decades. Headquartered in New York with offices in Beijing, Brussels, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Tokyo and Washington, D.C., the Firm provides coordinated legal advice and transactional capability to clients around the globe.

The Firm offers a market-leading fund finance practice with deep experience providing fund- and asset-level leverage solutions for private equity, real estate, investment, special situations and infrastructure funds. Complementing the Firm’s preeminent private funds practice, our global fund finance team represents clients across a broad spectrum of transactions encompassing all aspects of the investment management business.

Societe Generale

Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world’s societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions.

Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 117,000 members of staff in 66 countries and supports on a daily basis 25 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:

French Retail Banking with the SG bank, resulting from the merger of the two Societe Generale and Crédit du Nord networks, and Boursorama. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
International Retail Banking, Insurance and Financial Services, with networks in Africa, Central and Eastern Europe and specialised businesses that are leaders in their markets;
Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.

Societe Generale is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

For more information, you can follow us on Twitter @societegenerale or visit our website societegenerale.com.

SuMi TRUST

Established in 1925, Sumitomo Mitsui Trust Bank, Limited (“SuMi Trust”) is the largest Japanese trust bank, providing a wide range of banking and fiduciary services to its customers. In its domestic Japanese market, SuMi Trust business covers asset management, corporate and structured financing, real estate brokerage, mortgage loan and retail banking. In international market, SuMi Trust has branches in major global financial centers, where it is primarily focused on banking activity – most notably corporate and structured finance. SuMi Trust is well known not only for working openly and collaboratively with its banking clients, but also for seeking opportunities to introduce its Japanese investor partners enhanced investment solutions in line with its trust bank heritage.

Wells Fargo Bank

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy.

Gold Sponsors

abrdn

abrdn operates in over 24 locations worldwide and manages £366.7 billion of assets for our clients. By offering investment expertise across all key asset classes, regions and markets, we help our clients to capture investment potential wherever it arises. We combine fundamental research, thematic thinking, sustainable best practice and extensive on-the-ground analysis. This helps us to find the most future-fit investment opportunities, globally. We offer clients access to all major areas of private credit in Europe, including commercial real estate debt, infrastructure debt, corporate private placement debt, direct (mid-market) lending and syndicated loans. We manage close to £11 billion of capital across these strategies.

Allen & Overy

Allen & Overy is a global law firm that helps the world’s leading businesses to grow, innovate and thrive. For almost a century, we have built a reputation for our commitment to think ahead and bring original solutions to our clients’ most complex legal and commercial challenges.

We are where you are. Based across 31 countries in Europe, the Americas, the Middle East, Africa and Asia, our global fund finance practice has extensive experience in advising investment fund managers, banks, agents and alternative lenders on a broad range of upstream and downstream financing solutions.

We help clients find solutions. Our fund finance team brings in-depth technical and commercial knowledge to a wide range of lending structures across the fund finance spectrum – including subscription facilities, NAV, hybrid and asset-backed facilities, secondaries facilities and GP & management fee facilities. Working together with top tier specialist lawyers in our fund formation, real asset (including private equity, real estate, transportation and infrastructure), tax and regulatory teams, we offer an exceptional breadth of experience and local expertise – and as a result, our clients benefit from our clear understanding of the current legal and commercial issues relevant to all parties in fund finance transactions.

Assured Guaranty

With $11 billion in claims-paying resources and over three decades of structured finance and infrastructure finance experience, Assured Guaranty is the world’s leading provider of financial guaranty insurance. Its U.S., U.K. and French insurance subsidiaries work with banks, investors, issuers, arrangers and their advisors to provide cost-effective credit enhancement for capital market financings in developed markets around the world. Assured Guaranty guarantees timely principal and interest payments, improving the creditworthiness, potential marketability and market liquidity in both new and secondary markets for consumer and commercial asset-backed securities, collateralized loan obligations (CLOs), infrastructure financings and subscription finance. Assured’s guaranty enables risk transfer in public or private transactions for banks, insurance companies and asset managers to optimize the risk profile, internal exposure limits and capital consumption of existing and prospective portfolio exposure. Another subsidiary, Assured Investment Management, provides asset management services and is a prominent CLO manager. Learn more at AssuredGuaranty.com.

Commonwealth Bank of Australia (CBA)

Connecting local and international opportunities to build a brighter Australia.

As one of Australia’s most recognised brands, Commonwealth Bank of Australia (CBA) is a leading provider of personal banking, business and institutional banking and share broking services in Australia. CBA has a strong balance sheet, with total assets exceeding $A1,091.65 Billion (as at 30 June 2021).

Headquartered in Sydney, Australia, and with offices in Europe, the US and Asia Pacific, CBA is strategically positioned to work with clients across global markets, while connecting non-Australian clients to opportunities both in Australia and around the world. As custodian of Australia’s largest customer transactional data set, CBA can connect global clients to Australian opportunities backed by data-generated insights. Our scale enables us to unlock alternative pools of liquidity and capital, with strong executional capabilities complemented by a network of corporate referrals and diverse international expertise.

The Institutional Banking & Markets division offers a full range of capital raising solutions and financial markets capabilities, as well as transactional and risk management products and services.

Debevoise & Plimpton

Debevoise & Plimpton LLP is a premier law firm with market-leading practices and a global perspective. Approximately 800 lawyers work in nine offices across three continents, within integrated global practices, serving clients around the world.

The firm has extensive experience in all aspects of fund-level financing transactions for different types of investment funds and their managers. It has been regularly representing sponsors for more than a decade in a broad range of transactions, including subscription credit facilities, leveraged portfolio acquisition and other asset-based financings, hybrid facilities, management company liquidity facilities and co-investment facilities.

Debevoise’s fund finance practice is global in nature, with strong teams in the U.S., Europe and Asia advising an international client base.

Goodwin

At Goodwin, we partner with our clients to practice law with integrity, ingenuity, agility, and ambition. Our 2,000+ lawyers across Europe, the United States and Asia excel at fund formation, complex transactions, high-stakes litigation and world-class advisory services in the private equity, technology, life sciences, real estate, and financial industries. In the fund finance space, we represent sponsors, lenders and other market participants on management financings, subscription lines, NAV facilities, secondaries transactions and an array of other innovative liquidity solutions. The firm’s unique combination of deep experience serving both the innovators and the investors in a rapidly-changing, technology-driven economy sets Goodwin apart. To learn more, visit, us at www.goodwinlaw.com and follow us on Twitter, LinkedIn and Instagram.

Intesa Sanpaolo Group

The Intesa Sanpaolo Group is one of the top banking groups in Europe (48.3 billion euro of market capitalisation(1)), with a significant ESG commitment, a world-class position in Social Impact and strong focus on climate.

Intesa Sanpaolo is the leader in Italy in all business areas (retail, corporate, and wealth management). The Group offers its services to 13.6 million customers through a network of over 3,600 branches well distributed throughout the country with market shares no lower than 12% in most Italian regions.

IMI Corporate & Investment Banking is a division of Intesa Sanpaolo and a global partner serving Corporates, Public Finance and Financial Institutions, on a national and international basis. The Division’s offer includes the following products and services: Commercial Banking, Transaction Banking, Structured Finance, Investment Banking and Capital Markets.

As at 29 December 2023

Linklaters LLP

Linklaters is a leading international law firm with more than 3,000 lawyers across 31 offices in Europe, the Americas, the Middle East, Africa and Asia.

We have one of the broadest, deepest and most globally integrated funds practices of any law firm. Our global finance practice is at the top of the market and, within it, our fund finance team regularly advises across the full range of fund-based lending structures including subscription facilities, NAV and hybrid facilities, GP financings and co-investment loans. Our team is experienced across all asset classes, including private equity, emerging market, large buy-out and mid-market funds, debt, infrastructure, real estate, energy and fund of funds.

The team’s experience in acting not only for arranging banks and lenders but also for sponsors, asset managers and credit-enhancers across a wide range of sectors, means clients benefit from an incisive, forward-thinking approach to fund finance transactions.

Macfarlanes

Macfarlanes

We are a unique firm. Our blend of expertise, agility and culture means we have the flexibility to meet our clients’ most challenging demands and to champion innovation.

Our approach is simple. Our firm is built and shaped around the needs of our clients with whom we form long-lasting relationships. They entrust us with their most difficult and complex problems in the areas in which we practise. We find, recruit and train talented people from all backgrounds, who we want to have long-lasting careers with us and who will one day shape and lead the firm. To achieve this, we operate differently.

A simple model

We do not aim to be all things to all clients. Instead we have grown thoughtfully to provide the depth and breadth of services they need. We operate with our clients in three broad areas.

We assist them with their major transactions. This includes anything from complex M&A and real estate transactions to the creation of sophisticated financial products.
We assist our clients with their most consequential litigation and investigations.
We advise on all aspects of our clients’ private capital needs, working with asset managers, family offices and individual entrepreneurs, including, uniquely, through our market-leading private client practice.

The scope of our services is distinct. We are one of the foremost firms in each of these areas.

A different international approach

We operate from two offices: in London, our main office, and in Brussels, where we focus on EU law.

We have a strong international network which we work hard to maintain, as we view these firms as our partners in delivering services to our clients and to theirs. We work with the best lawyers for the mandate in each jurisdiction. This gives clients choice and enables us to provide them with the highest possible level of service.

A human-sized culture

We recruit people to build careers for the long term. We know each other personally which means we work together with cohesion and speed. We have a strong, independent culture, which is challenging and supportive, creating an entrepreneurial environment where everyone, at whatever level, can thrive.

Maples Group

The Maples Group, through its leading international legal services firms, advises global financial, institutional, business and private clients on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services. Combining the Maples Group’s leading finance and investment funds capability, the Group’s Fund Finance team has widespread experience in advising on all aspects of fund finance and related security structures for both lenders and borrowers.

The Maples Group distinguishes itself with a client-focused approach, providing solutions tailored to their specific needs. Its global network of lawyers and industry professionals are strategically located in the Americas, Europe, Asia and the Middle East to ensure that clients gain immediate access to expert advice and bespoke support, within convenient time zones.

Visit www.maples.com for more information about our global fund finance team and our legal and fiduciary services.

Mizuho Americas

Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion, according to S&P Global 2022. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia.

Mizuho Americas is the fastest growing region within the Mizuho Financial Group and is a leading provider of corporate and investment banking services to clients in the US, Canada and Latin America. Its capabilities span investment and corporate banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Mizuho Americas employs 3,000 professionals across 15 offices within the Americas. Learn more at www.mizuhoamericas.com.

Mourant

Our market-leading funds team spans time-zones and has an outstanding international reputation in offshore investment funds, working across a wide range of alternative fund asset classes – traditionally real estate, private equity, credit and hedge funds. We advise on the formation, structuring and regulation of investment funds in the Cayman Islands, the BVI, Jersey and Guernsey, and our lawyers provide ongoing legal advice to offshore funds and their managers and investors.

Our ‘one firm’ approach means that working together with clients we deliver seamless, objective and commercially grounded advice on the comparative advantages and disadvantages of the leading offshore fund jurisdictions. Our team exercises true commercial judgment in delivering advice, often going the extra mile, with a personal approach, and forming genuine partnerships with our clients and their advisers. Clients benefit from our teams working together and making things happen in this way, resulting in deals being delivered on time and within budget.

Visit www.mourant.com to find out more.

National Australia Bank (NAB)

National Australia Bank (NAB) is a leading Australian bank. Our global Corporate and Institutional Bank serves Financial Institutions and Corporates through our offices in Australia, Asia the US and Europe. The New York based team provide full relationship services, originating and executing product solutions with a focus on infrastructure, sustainability and investor solutions. We work with some of the leading participants in the infrastructure sector – leading deals across all market segments including renewables, energy, resources, transport and commodities – and coordinate closely across fund and asset level exposures. We have a dedicated Funds business which operates globally through US, UK, Asia and Australia which provides banking and markets solutions for asset managers and financial sponsors. We are an agent for subscription financing and credit facilities for private and publicly listed funds.

Proskauer

Proskauer’s fund finance practice represents private funds, regulated investment companies, fund investors and lenders on a full range of financing transactions in the U.S. and the U.K. Our team provides innovative solutions at all levels of the capital structure, on matters involving secured and unsecured subscription/capital call facilities, NAV facilities, secondaries acquisitions, and GP, management and co-investment facilities. We have helped clients with leveraged secondary transactions for some of the world’s largest secondary funds, warehouse facilities for middle market lending joint ventures, NAV facilities backed by life insurance policies and hybrid facilities. We also employ a network of seasoned professionals across the firm, enabling us to understand any fund vehicle and appreciate the deal points that concern all parties.

State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $35.7 trillion in assets under custody and/or administration and $3.3 trillion* in assets under management as of September 30, 2022, State Street operates globally in more than 100 geographic markets and employs approximately 41,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* Assets under management as of September 30, 2022 includes approximately $55 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

Validus

Validus is a leading independent financial services firm, providing market risk management, fund finance advisory and technology solutions to the alternative investment industry. Our clients have more than $2 trillion in combined assets under management.

Since 2010 our core expertise has been to deliver effective and efficient risk management solutions for alternative investment firms, mitigating exposures such as foreign currency or interest rates. Our award winning service also includes turnkey solutions to the operational challenge of implementing, managing and monitoring hedging programmes, through dedicated resources and proprietary technology.

We also provide expert advice and resources to sponsors seeking to establish, refinance and re-negotiate fund finance facilities. Our unique position in the industry enables us to help clients navigate and benchmark the market, design and evaluate optimal structures, and negotiate terms to best meet their requirements.

Walkers

Walkers' global fund finance group comprises dedicated fund formation and finance lawyers who act on complex and innovative fund financing solutions and advise clients across the world’s financial markets. As one of the first offshore teams to work on subscription line credit transactions and hedge fund financing platforms, for both lender and borrower clients, we provide an unmatched depth of expertise across our global network in the Americas, EMEA and Asia. In a volatile world we are a safe pair of hands in safe jurisdictions.

Our fund financing teams have been at the forefront of the development of the fund finance market in these regions, working closely with leading financial institutions, investment managers and law firms. Our people and our approach to solving our clients challenges are tried and tested, but that doesn’t mean we ever stand still.

Walkers' global fund finance group provides commercially focused advice to both lenders and borrowers on a range of financing solutions. Our multi-disciplinary team has an in-depth understanding of the structures used by investment managers and the legal and commercial issues relevant to fund finance providers. Our clients include agents, banks, alternative lenders and investment fund managers, including private equity, credit, real estate and hedge funds. Markets change, regulation evolves, businesses adapt, and we keep on reinventing our service for the times we find ourselves in.

Silver Sponsors

Addleshaw Goddard LLP

AG is an international law firm, working from 18 offices around the world in the UK, Europe, the Middle East and Asia. By combining our own offices, our business groups and a network of preferred firms we offer a full range of legal services in over 200 jurisdictions.

We have a 3 partner-led (with over 50 years of combined experience) dedicated and collaborative Funds Finance team, one of the largest Funds Finance teams in the market and is a go-to firm for significant and complex cross-border Funds Finance transactions.

Few firms match the 360 degree breadth of practice AG brings to private investment fund managers and investors and their funders. The team works closely with AG’s Investment Management, Structured Finance and Securitisation teams which comprise of specialists in funds formation, tax and structuring, regulation and corporate and is one of the largest and most recognised practices in the UK.

Allvue

Allvue is a leading provider of technology for investment managers in the private capital and credit markets industry. Its mission is to empower superior investment decisions by pairing modern cloud-based software solutions with capabilities across multiple asset classes. Allvue’s software solutions serve the entire investment lifecycle and are seamlessly integrated to provide a comprehensive product suite, serving investment managers of all sizes worldwide. With a commitment to innovation and a focus on multiple asset classes, Allvue’s software solutions allow its clients to operate and grow their businesses more effectively by automating manual processes, improving data accuracy and consistency across workflows, and delivering enhanced analytics.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

www.bankofamerica.com

Bank of China Limited, London Branch

Established in 1912, Bank of China is the Bank with the longest continuous operation among all Chinese banks. As China’s most globalised and integrated bank, Bank of China has a well-established global service network with institutions set up across the Chinese mainland as well as in 62 countries and regions. It has established an integrated service platform based on the pillars of its corporate banking, personal banking, financial markets and other commercial banking business, which covers investment banking, direct investment, securities, insurance, funds, aircraft leasing and other areas, providing its customers with a comprehensive range of financial services.

Established in 1929, Bank of China London Branch is the first ever overseas Chinese financial institution in global financial centers. Its history in the UK perfectly illustrates the international journey of China’s modern financial services industry. Over the past 94 years, Bank of China has expanded steadily in the UK and has become the first choice for both Chinese ‘going-out’ customers and local UK customers seeking to establish relationships with China, with branches in the City of London, London Chinatown, Manchester, Birmingham, and Glasgow across the UK. It is taking a leading role amongst UK based Chinese financial institutions and is one of the mainstream foreign banks in the European market.

BC Partners Credit

BC Partners Credit was launched in February 2017 and seeks to provide a full credit cycle investment platform allocating liquid and illiquid capital to the middle market. We invest diverse pools of capital across the risk / return spectrum totalling ~$8 billion of AUM, which gives us the flexibility to propose solutions tailored to each borrower’s unique objectives and allows BCP Credit to be a value-added partner who can scale throughout the borrower’s life cycle. Recognized as a leader and early mover in GP and NAV financing, BCP Credit has built a substantial GP/NAV portfolio as alternative managers search for creative financing solutions to address the current themes of (1) slower fundraising, (b) delayed exits, and (c) increased investor demand for return of capital.

Nordea

The Nordea Fund Finance team was established in 2014 and is a dedicated team of experienced fund finance professionals within our Leveraged Finance division. The team supports Nordea’s clients within the Private Capital segment with financing solutions across various strategies including private equity, infrastructure, growth, VC and private credit. We have the mandate and capabilities to support our clients with bespoke financing solutions across different fund sizes, geographies, as well as in various stages of fund life-cycles. In addition to subscription line financings, we can on a selective basis provide NAV/Hybrid financings, SMA financings, GP/Management financings and fund-backed HoldCo/SPV financings. As we form part of Nordea’s well established Leveraged Finance team, we commonly partner with our leveraged finance colleagues to provide flexible and tailor-made financing solutions across OpCo, HoldCo and fund level. We apply a deep and fundamental relationship-driven approach towards our clients and aim to establish ourselves as the #1 partner bank for global fund finance and Leveraged Finance business with a Nordic nexus.

Rabobank

Rabobank is a cooperative bank with a mission. Together with our stakeholders, we have been dedicated to creating a future-proof society and tackling major societal challenges for 125 years. In the Netherlands, we serve retail and corporate clients; globally we focus on the food and agriculture sector. Our starting point is: together we can achieve more than we could individually. We now operate in 38 countries, with over 43,000 employees. In the Netherlands, we serve retail and corporate clients with a wide range of financial products and services. Across the world, we focus on entrepreneurs and companies in the food and agriculture sectors. The Rabobank Group also includes BPD, Obvion and DLL, with which we offer our clients housing and leasing solutions.

RBS International

We specialise in helping institutional clients look after their money and manage risk. This includes transactional banking, fund financing, liquidity and risk management, and depositary services (through separate legal entities). We’re based in Jersey, Guernsey, London, Luxembourg, Gibraltar and the Isle of Man so our clients get personal, tailored support from a local expert. And our multi-currency online banking platform, eQ, lets them move and manage money the same way they do their personal banking.

Our clients include alternative investment fund managers, asset managers, fund administrators and corporate service providers. With our culture of restless innovation, we work to make banking easy. We’re focused on delivering all the services our clients need, where and when they need them.

Scotiabank

Scotiabank’s vision is to be our clients’ most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at January 31, 2024), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).

Global Banking and Markets (GBM) conducts the Bank’s wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe, Asia and Australia. For more information, please visit https://www.gbm.scotiabank.com/en.html.

Seward & Kissel LLP

Seward & Kissel, founded in 1890, is a leading U.S. law firm with an international reputation for excellence. We have offices in New York City and Washington, D.C.

Our practice primarily focuses on corporate and litigation work for clients seeking legal expertise in the financial services, corporate finance and capital markets areas. The Firm is particularly well known for its representation of major commercial banks, investment banking firms, investment advisers and related investment funds (including mutual, hedge and private equity funds), broker-dealers, institutional investors and transportation companies (particularly in the shipping area).

The Firm’s attorneys are very experienced and highly regarded in their respective practice areas. Many have been with the Firm for most, if not all, of their legal careers. Our focus and expertise, combined with the Firm’s stability, have enabled us to create a work culture that is dedicated to professional excellence and sound judgment, and that is committed to providing our clients with effective, high quality, hands-on legal service.

Bronze Sponsors

Arthur Cox LLP

Arthur Cox LLP is one of Ireland’s leading law firms. We have been at the forefront of developments in the legal landscape here for over 100 years, establishing one of the largest and most innovative law firms in the country – a firm that stands at the front of the industry. We are an “all-island” firm with offices in Dublin and Belfast. We also have offices in London, New York, and San Francisco. Our practice encompasses all aspects of corporate and business law.

With 600 legal staff and a total headcount of 830, we provide a comprehensive service to an international client base ranging from multinational organisations, banks, and financial institutions and established global leaders to government agencies and new players in emerging industry sectors.

Our story has been defined by our progressive outlook. For over 100 years, we have led the way in the legal field in Ireland, and have continuously worked to strive towards our goals. For our clients, we work to deliver the best service and support. With an independent, entrepreneurial spirit of innovation leading the way.

Brickfield Recruitment

Brickfield Fund Finance Recruitment is the only talent acquisition service dedicated to the global fund finance sector. Our in-depth knowledge of the fund finance market, complimented by a diligent and discreet personal approach, gives us an unparalleled ability to bring the right people together.

Founded in 2018, Brickfield plays a key role in facilitating moves at all levels within the fund finance industry, as well as bringing brand new talent into the industry to assure its long-term capacity for growth.

Brickfield also provides strategic counsel to banks, law firms, funds and alternative lenders facing challenges in attracting high quality candidates within this competitive recruitment market, advising on fund finance industry specifics and key guidance on issues such as base salary expectations, bonus benchmarking and brand reputation.

Brickfield is the exclusive publisher of the Fund Finance Bankers Compensation Report which provides comprehensive US and UK salary and bonus data, as well as in-depth thought leadership and analysis on key recruitment and career-related issues from leading fund finance industry players. The latest 2022 edition of the Report is available free with registration at Brickfield’s website.

www.brickfieldrecruitment.com

Matheson

Matheson services the legal needs of internationally focused companies and financial institutions doing business in and from Ireland. Our clients include over half of the world’s 50 largest banks, 7 of the world’s 10 largest asset managers, 7 of the top 10 global technology brands and we have advised the majority of the Fortune 100 companies. Our Finance and Capital Markets team consists of more than 50 lawyers and advises financial institutions and corporations involved in arranging and executing all forms of finance and capital markets transactions in Ireland. We act for all of the major Irish banks and financial institutions, corporate borrowers and many of the world's leading international banks, investment managers and investment funds, securities and derivatives trading houses, broker dealers, insurance companies, alternative finance providers, supranational organisations, rating agencies, trustees and other financial services firms in relation to their lending, borrowing, finance and capital markets transactions and arrangements.

OakNorth Bank

Launched in September 2015, OakNorth Bank provides fast, flexible debt finance (loans of £250k up to tens of millions of pounds) and has lent over £10B to date. Its experienced fund specialists have built a strong track record of supporting investment firms, private equity companies, and funds, providing bespoke debt finance solutions, including NAV financing, liquidity lines, capital call facilities, umbrella loan-on-loan facilities and more. Its expert lending teams have worked across a host of industry sectors, and have the in-house capabilities to understand each funds’ strategy – from asset level to fund level – offering the full spectrum of fund finance facilities within one team.

Praxio Law & Tax

Praxio Law & Tax is an independent multi-service law firm in Luxembourg. As corporate, finance, investment funds and tax attorneys, we service clients in all matters related to business law and both direct and indirect taxation. We are able to handle the most complex cross-border legal, regulatory and tax structuring matters, along with any commercial or business litigation.

Highly committed to the industry, our fund finance team is at the forefront in terms of innovation and advises leading financial institutions, private funds sponsors and alternative lenders on a wide variety of transactions including subscription facilities, NAV facilities, GP and management fee facilities as well as other bespoke and sophisticated fund finance solutions.

Ropes & Gray

Ropes & Gray, a preeminent, global law firm, has been ranked in the top-three on The American Lawyer's prestigious "A-List" for seven years and is ranked #1 on Law.com International's "A-List" in the U.K.—rankings that honor the "Best of the Best" firms. The firm has approximately 1,500 lawyers and legal professionals serving clients in major centers of business, finance, technology, and government in Boston, Chicago, Dublin, Hong Kong, London, Los Angeles, New York, San Francisco, Seoul, Shanghai, Silicon Valley, Singapore, Tokyo and Washington, D.C. The firm has consistently been recognized for its leading practices in many areas, including asset management, private equity, M&A, finance, real estate, tax, antitrust, life sciences, health care, intellectual property, litigation & enforcement, privacy & cybersecurity, and business restructuring.

Stephenson Harwood

Stephenson Harwood is a law firm with over 1300 people worldwide, including more than 200 partners. Our people are committed to achieving the goals of our clients listed and private companies, institutions and individuals.

We assemble teams of bright thinkers to match our clients' needs and give the right advice from the right person at the right time. Dedicating the highest calibre of legal talent to overcome the most complex issues, we deliver pragmatic, expert advice that is set squarely in the real world.

Our headquarters are in London, with eight offices across Asia, Europe and the Middle East. In addition we have forged close ties with other high quality law firms and an integrated local law capability in Singapore and the PRC. This diverse mix of expertise and culture results in a combination of deep local insight and the capability to provide a seamless international service.

Media Partners

Global Legal Group

Global Legal Group is an independent digital media company based in central London. Our clients are private practice and in-house lawyers, multinational corporations, and professional services firms in over 190 countries around the world.

In 2011, GLG introduced Global Legal Insights, an essential analytical resource detailing current legal issues spanning 16 practice areas. Global Legal Insights – Fund Finance was launched in 2017. Affectionately known in the fund finance community as “The Pink Book”, it is now in its eighth edition, providing in-depth analysis of market conditions, regulations and laws, covering 19 key jurisdictions, as well as 27 expert analysis chapters, which provide comprehensive insight and up-to-date analysis. Our mission is to provide outstanding performance for our clients and partners.

We provide the digital technologies and expertise that they need to boost their brand exposure and market reach, as well as access to the world’s leading online network of legal experts. By only partnering with the leading legal and business authorities, we also ensure that the information we provide is topical, enlightening and authoritative, making our products the go-to resource.

QEII Centre

: Broad Sanctuary
London, SW1P 3EE
Location

: +44 20 7798 4000

: https://qeiicentre.london/