Burness Paull is a premier commercial law firm advising clients doing business in Scotland, the UK and internationally.
Our market-leading funds practice has over 20 funds experts specialising in fund formation, fund investments and fund finance. We are the go-to firm for all leading City funds practices, and premier teams in the US & Europe for advice on Scottish limited partnerships in private funds.
Our successful fund finance practice is led by Andrew Christie who is recognised in the City and international fund finance markets as an expert, regularly advising on debt and security structures, often in the context of complex cross-border transactions.
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 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 1,800 lending centers, 2,200 Merrill Edge investment centers and 1,500 business centers; approximately 16,300 ATMs; and award-winning digital banking with more than 36 million active users, including over 26 million mobile 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 3 million small business owners 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.
From our offices in Boston, New York, Washington, D.C. and Paris, Foley Hoag LLP provides strategic legal advice across a number of industries, including for clients in private funds, life sciences, healthcare, energy & cleantech, technology, education, professional services and sovereign states. We have an extensive funds practice handling fund formation for all types of funds and encompassing all aspects of fund financing transactions, applying our deep experience and insight into the market and related issues. Through a powerful combination of regional, national and international practices that share a common emphasis on client service, we focus on what we do best: helping our clients succeed through the delivery of exceptional legal service.
From our offices in Boston, New York, Washington, D.C. and Paris, Foley Hoag LLP provides strategic legal advice across a number of industries, including for clients in private funds, life sciences, healthcare, energy & cleantech, technology, education, professional services and sovereign states. We have an extensive funds practice handling fund formation for all types of funds and encompassing all aspects of fund financing transactions, applying our deep experience and insight into the market and related issues. Through a powerful combination of regional, national and international practices that share a common emphasis on client service, we focus on what we do best: helping our clients succeed through the delivery of exceptional legal service.
Thomas Smith is a partner in the Finance Group at Debevoise. Recommended by The Legal 500 UK (2017) and IFLR1000 (2018), Tom has extensive experience representing sponsors globally in fund-level financing transactions across private equity, credit, infrastructure, real estate and other investment funds. Tom has particular knowledge of capital call facilities, NAV and hybrid facilities, SMA and management company liquidity facilities.
The Debevoise funds finance practice acts for sponsors across the European, US, Asian and African markets. Tom also acts for borrowers, sponsors, funds and financial institutions on a wide range of financing transactions, including complex acquisition and leveraged finance transactions, at all levels of the capital structure.
Mr. Smith has recently published articles such as “What You Need To Know About Sub Lines For SMAs,” Private Debt Investor (August, 2018); “Side letters: Pitfalls and perils for a financing,” in Global Legal Insights to Fund Finance (February, 2018); and “Mega-Funds and Their Mega-Financings,” Private Equity International (February, 2018).
Ann Richardson Knox is a partner in the Banking & Finance practice at Mayer Brown and oversees the Fund Finance team in the New York office. Ann has spent her entire career structuring complex leveraged financings to US and global private funds, sponsors and portfolio companies and has represented both financial institutions and funds. Ann’s vast experience encompasses financings at every level of the capital stack and every phase of a fund’s existence.
Ann represents major domestic and foreign investment and commercial banks as lead agent and arranger in connection with subscription credit facilities. She has been lead counsel on many of the largest and complex subscription credit facilities to funds sponsored by the world’s preeminent fund sponsors. Ann’s practice also includes structuring novel solutions to provide leverage on fund portfolio assets, including real estate, debt and portfolio companies. Notably, Ann led the first such portfolio leveraging financings to secondary funds almost a decade ago.
She is a frequent author and speaker on subscription credit facilities and other fund finance products providing insight as to the cutting edge issues and trends in the market place. Ann has a JD from Columbia Law School and a BA from Cornell University.
Wes Misson is a partner in the firm’s Finance Group. Wes’s practice focuses on fund finance, and he has represented financial institutions as lenders and lead agents in hundreds of subscription credit facilities and other fund financings during the course of his career. His experience encompasses both subscription and hybrid facilities and includes working with fund-related borrowers on the negotiation of third-party investor documents with institutional, high net worth and sovereign wealth investors.
Wes has served as lead counsel on many of the largest and most sophisticated fund financings ever consummated, notably having assisted more than 35 banks as lead or syndicate lender during the past two years with transaction values totaling in excess of $35 billion.
Wes works extensively with financial institutions to develop form agreements for fund finance transactions and to educate bankers, internal legal counsel and credit officers on hot issues and trends affecting the fund finance market. He was recognized by Law360 in 2017 as a “Rising Star” in the area of Capital Markets, and is a frequent speaker and an accomplished author in the fund finance area.
In the community, Wes served two years as an advising board member for the young professionals group of the Charlotte Chamber of Commerce and currently serves as a member of the board’s Wisdom Council. He is also a member of the board of the Western Carolina Chapter of the Alzheimer’s Association, a member of the Young Donor Society of the Arts & Science Council in Charlotte, and a member of the Mecklenburg County Bar Association.
Wes has a J.D. from The Ohio State University Moritz College of Law and a B.A. from the University of North Carolina at Chapel Hill.
Howard joined Kelso in 1997. He spent the preceding eight years as Chief Financial Officer and a Principal at Butler Capital Corporation, an investment firm specializing in leveraged buyouts. He spent the previous nine years in various financial management positions at Deloitte & Touche, Colgate-Palmolive and Riverbank America.
Howard earned an M.B.A. from St. John’s University in 1979, where he graduated beta gamma sigma, and received a B.A. in Political Science from Queens College in 1976. He was a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He was a founding board member of the New York Chapter of the Private Equity CFO Association and is a former member of The George Washington University School of Business Board of Advisors.
Jonathon leads Macquarie Infrastructure and Real Assets North American Finance team. In this role he oversees all aspects of accounting, financial reporting and operations, treasury management and fund level credit across all of MIRA’s Funds. In addition, Jonathon is actively involved in the portfolio company acquisition and divestiture process, overseeing the financial diligence, accounting treatment and financial reporting requirements. Jonathon also works closely with the portfolio company CFO’s on various transactional and ongoing portfolio management issues.
Jonathon joined MIRA in 2006 based in Sydney where he focused on Macquarie Communications Infrastructure Group, an ASX listed Infrastructure Fund before relocating to New York with Macquarie in 2010, later rejoining MIRA in 2011 in the private funds finance team focusing on the Macquarie Infrastructure Partners funds.
Jonathon received his Chartered Accountant designation in Australia and holds a Bachelor of Accounting from the University of Technology Sydney.
Delivering industry expertise and specialist skills that meet our clients’ needs and span the capital spectrum.
The Commonwealth Bank is Australia’s leading financial institution, with total assets of more than $A975 billion (as at 30 June 2018). The Group is ranked by Standard & Poor’s as the 10th largest bank in the world by market capitalisation (Bloomberg, as at February 2018).
Institutional Banking & Markets provides relationship management and product capability for the Bank’s Corporate, Government and Institutional clients. The Bank offers a range of solutions – from Core Transactional Banking to Debt, Equity and Financial Markets Risk Management Products and Services.
With a deep knowledge of the Australian financial environment along with the Bank’s global presence and extensive experience in the markets, we offer clients a unique set of solutions that caters to a wide range of business needs.
The Commonwealth Bank is headquartered in Sydney, Australia and has a global presence throughout Asia, North America, the United Kingdom, and New Zealand.
Brian Schmidt is a Partner and Head of Mortgages and North America Real Estate. He is a member of the firm’s Investment Committee. Based in Minneapolis, he joined the firm in 2005.
Brian oversees Värde’s mortgage investments in the commercial and residential sectors as well as the firm’s real estate related investments in North America. Brian has held a number of leadership roles at the firm, including in structured products, and has served on boards of portfolio companies owned by the Värde funds.
Prior to joining Värde, Brian was an Associate in investment banking at Piper Jaffray, focusing on merger and acquisition advisory.
Brian received a B.S. in Finance from the University of Minnesota’s Carlson School of Management and an M.S. from The London School of Economics and Political Science.
National Australia Bank (NAB) is a leading Australian bank. Our global Corporate and Institutional Bank serves international Financial Institutions and Global Corporates through our offices in US, UK, Asia and Australasia.
Our New York based team of specialists provide full relationship services, originating and executing complex product solutions with a specific emphasis on our “Bank For Investor, Bank for Infrastructure” strategy. We work with some of the leading participants in the infrastructure sector – leading deals across the market including energy, resources, transport and commodities sectors – and serve leading financial institutions with banking and markets products.
We have a dedicated Funds business which operates globally through US, UK, Asia and Australia which provides banking solutions for asset managers and financial sponsors. We are an agent for subscription financing and credit facilities for private and publicly listed funds.
Peter is responsible for Debt Capital Markets in the Infrastructure Investment Group within the Merchant Banking Division (MBD). He is a member of the Infrastructure Investment Committee and serves as a senior MD champion for MBD for the Disability Interest Forum. Previously, he worked in the Real Estate Principal Investment Area (REPIA) in London. Earlier, Peter worked in REPIA in New York. He joined Goldman Sachs in 1998 as an analyst and was named managing director in 2010.
Prior to joining the firm, Peter worked at Bankers Trust in New York.
Peter serves on the boards of Red de Carreteras de Occidente, an owner and operator of toll roads in Mexico, and of Autopistas Metropolitanas de Puerto Rico, an owner and operator of toll roads in Puerto Rico. He is also a member of the Board of Directors of the New York Chapter of the National Multiple Sclerosis Society.
Peter earned a BS in Finance from Bryant College in 1997.
Ed is the Chief Operating Officer and Chief Financial Officer of Ridgemont Equity Partners. He manages the finance, portfolio administration, compliance, and operational matters of the group. Ed also assists in tax and accounting due diligence on potential transactions.
Prior to joining Ridgemont predecessor, Banc of America Capital Investors, in 1998, Ed spent three years in Bank of America’s Finance department where he was the controller for several corporate finance divisions. Before joining Bank of America, Ed was employed by Price Waterhouse LLC, where he focused on advising clients on accounting and SEC reporting requirements and M&A due diligence.
Ed is a CPA and earned his B.S. in Accounting from Wake Forest University.
Tim Gallaher is Managing Director and Treasurer of Värde. Based in Minneapolis, he joined the firm in 2010. Prior to joining Värde, Tim was Treasurer and Director of Investor Relations for Imation Corp. Prior to that, Tim was Treasurer and Vice President of Investor Relations for MoneyGram International. He has over 20 years of experience in the financial services industry.
Tim holds a B.A. in Accounting from the University of St. Thomas and an MBA from the University of Minnesota. He is a CPA (inactive)
Waalt Jackson, Head of Direct Lending Platform and member of the Investment Committees, joined Onex in April 2016, after 18 years at Goldman Sachs. Mr. Jackson has 33 years of experience in the leveraged loan, high-yield and mezzanine markets. Prior to joining Onex, Mr. Jackson was Senior Credit Officer and Chief Operations Officer of the Private Credit Group in the Merchant Banking Division of Goldman Sachs and was on the investment sub-committees of Private Credit Group and GS Bank. From 1987 to 1997, he was involved in leveraged finance at the Bank of Nova Scotia and Credit Suisse where he originated, structured and syndicated bank loans for leveraged buyouts, corporate M&A transactions and middle-market companies. He started his professional career at Ernst & Whinney in 1985 where he was involved in financial consulting for large and middle-market companies. Mr. Jackson earned an M.B.A. from Georgia State University and a B.S. from Bryan College.
As Managing Director of Industry Affairs for the Institutional Limited Partners Association (ILPA), Jennifer Choi directs the association’s engagement with external industry stakeholders to inform and enhance ILPA’s education, research, membership and advocacy platforms. Ms. Choi also leads the implementation of ILPA’s responses to emerging issues impacting the asset class, including efforts to establish and promote industry best practices.
Prior to joining the ILPA, Ms. Choi served as Vice President of Industry and External Affairs for the Emerging Markets Private Equity Association (EMPEA), where she led the association’s member and industry engagement activities, including efforts to encourage policy frameworks that support the growth of the asset class. As EMPEA’s Research Director, she built the industry’s first global database of private equity activity in the emerging markets. Previously, Ms. Choi was a consultant with Boston-based Stax Inc., leading due diligence engagements and providing advisory services for the U.S. private equity and venture capital industry. Jennifer’s other consulting experience includes organizational development and strategy consulting for clients in the healthcare, financial services and pharmaceutical sectors.
Jennifer holds a Masters in Law and Diplomacy from the Fletcher School at Tufts University and a B.A. summa cum laude in Economics and Political Science from Augustana College.
Sarah Elliott is the primary lead Client Coverage director for the Funds sector in North America at National Australia Bank, and is based in New York. Her role involves establishing and maintaining strategic relationships and bringing multi-product global solutions to her Funds’ clients across the broad fund universe (including financial sponsors and real money funds).
Sarah has been at National Australia Bank for 4 years, having previously been a Funds Client Coverage Director in Sydney, Australia. Before that, Sarah was a banking & finance attorney and since 2006 worked at top tier Australian law firms. While a lawyer she worked in a broad finance practice across asset classes and has experience in acting for funds, Australian Real Estate Investment Trusts, and banks across both asset and fund levels. Sarah also worked on complex restructures and refinances during the global credit crisis. At University, Sarah obtained First Class Honours in her undergraduate and law degrees.
Mr. Chagan is a Managing Director and Head of Ares Global Capital Solutions Department. Prior to joining Ares in 2018, Mr. Chagan was a Director at KKR where he was the Head of the Corporate Finance group, focusing on hedging and liability management. He also served as the Chief Financial Officer of KKR Income Opportunities Fund. Previously, Mr. Chagan worked at PricewaterhouseCoopers, serving a variety of clients in the investment management industry. In addition, Mr. Chagan was in the banking industry in South Africa. Mr. Chagan holds B.Com. (Hons) from the University of KwaZulu-Natal, South Africa in Commerce
Steve Jacoby co-heads the Luxembourg Banking, Finance and Capital Markets practice at Clifford Chance LLP and handles acquisition finance, bank lending, securitisation, capital markets, regulatory, derivatives, general banking law (including litigation), corporate law and insolvency matters. Steve is an associate lecturer (Chargé de Cours Associé) at the University of Luxembourg in banking, finance and capital markets law. He is a regular contributor to legal journals and a member of various advisory committees on financial law questions within Luxembourg public Institutions and professional organisations.
Cheyenne joined Morgan Stanley Real Estate Investing (“MSREI”) in 2010 and now works on the group’s U.S. debt capital markets team. The group is responsible for structuring the capital stack and securing financing on behalf of MSREI funds and individual transactions.
During her time at Morgan Stanley prior to working on U.S. debt capital markets, Cheyenne has worked in a number of capacities across the MSREI platform. Among various strategic initiatives, she has been involved in fund management, capital raising, fund restructuring, and other platform management projects. Additionally, Cheyenne worked on the MB&REI Trading and Hedging team, collaborating with acquisitions and portfolio management teams to determine hedging strategy for MSREI’s investments.
Prior to joining Morgan Stanley, Cheyenne worked in the Portfolio Analytics Group at BlackRock, focusing on Institutional Multi-Sector Fixed Income accounts as well as BlackRock’s Fixed Income Retail Mutual Funds.
Cheyenne received a BSE with distinction from The Wharton School at the University of Pennsylvania.
Jeff Johnston, CFA, is the Head of Subscription Finance and is a Managing Director in the Asset-Backed Finance and Securitization group in Wells Fargo Securities. Mr. Johnston manages the Subscription Finance team which provides lending facilities to private equity style funds and is responsible for the origination, structuring and monitoring of these facilities for the institutional clients of Wells Fargo. Previously, Mr. Johnston ran the Origination group within Subscription Finance and is responsible for creating the team within ABF in 2010. Mr. Johnston was previously an Officer and portfolio manager for Structured Asset Investors, LLC and Structured Credit Partners, LLC, a wholly owned registered investment advisor of Wells Fargo when he was responsible for the portfolio and workout of legacy structured products for the bank, including cash and synthetic ABS and CRE CDO’s, total return swaps and RMBS positions.
Prior to joining Wells Fargo, Mr. Johnston worked at Bank of America for seven years largely in their Global Structured Products group working on securitizations and financings for a variety of different asset classes.
Mr. Johnston is a CFA charterholder and received a BA from the University of South Florida in Physics, and is currently the Chairman of the Fund Finance Association, a global industry association for constituents in the fund finance space.
Mark Levitt joined Global Infrastructure Partners in 2009 and is its Chief Operating Officer. Founded in 2006 as a joint venture with Credit Suisse and General Electric, Global Infrastructure Partners (GIP) is a leading global, independent infrastructure investor which combines its specialist industry experience and industrial best practice operational management to achieve superior risk-adjusted returns. Since joining GIP, Mr. Levitt has played an important role in building and developing GIP’s investment team. He has also lead GIP’s support functions, as GIP has grown from one fund with $5.6 billion of AUM into a multi-fund platform with over $50 billion of AUM.
Prior to joining GIP, Mr. Levitt spent 14 years at Credit Suisse, where he most recently served as a Managing Director and the Chief Operating Officer of the Global Investment Banking Division. Prior to joining Credit Suisse, he worked in the Fixed Income, Equity Derivatives and Emerging Markets businesses of Credit Suisse, Donaldson, Lufkin & Jenrette, Morgan Stanley and Bankers Trust. He started his career at Ernst and Young.
Mr. Levitt holds an M.B.A from Columbia University and a B.B.A. in Accounting and Finance from Emory University, is married with three wonderful children, and resides in Roslyn, N.Y.
Walkers is a leading international law firm providing legal, corporate and fiduciary services to financial institutions, investment fund managers, capital markets participants and global corporations.
Walkers was among the first offshore firms to work on equity fund subscription credit transactions and hedge fund financing platforms, for both lender and borrower clients, providing expertise which is unmatched by our competitors. Such global strength and presence has enabled us to spearhead our clients’ continuing expansion into the Asian and European markets. We have been at the forefront of the development of the fund finance market in those regions, working closely with leading financial institutions, investment managers and law firms.
The fund finance team works closely with the Walkers’ top-tier fund formation practice providing for 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.
Our global teams have acted on complex and innovative fund financing solutions including equity bridge facilities, subscription and acquisition financings, capital call facilities as well as traditional products such as repo financing, synthetic borrowings and more esoteric products including NAV based margin loans and fund linked derivative solutions.
Adam Summers is a partner in the Corporate Department and the Finance Practice, resident in Fried Frank’s New York office.
Adam represents top tier sponsors of private equity, debt, infrastructure, energy and other investment funds, on a wide variety of fund level financings, including subscription facilities, NAV-based facilities and “hybrid” facilities; fund guarantees and other credit support of portfolio level financings; and financings for public and private BDC’s. Adam also advises on complex transactions to finance the purchase of private equity interests in the secondaries market. Prior to joining Fried Frank, Adam also advised major investment banks as arrangers and lenders in the same broad range of fund financing transactions described above.
In addition, Adam frequently works on credit and capital markets transactions with experience advising investment banking clients, debt funds and other lenders in both syndicated credit facilities and high-yield bond financings related to leveraged buyouts and other acquisitions, and provides ongoing counsel to agents and arrangers under those facilities.
Adam is recognized by Legal 500 in Finance: Commercial Lending.
Peter Song is a Managing Director, Chief Operating Officer and General Counsel of Strategic Partners, Blackstone’s secondary private fund of funds business, which was acquired from Credit Suisse in August 2013. Mr. Song sits on the Investment Committee for each of the Strategic Partners Funds and focuses on transactional and operational management, oversees all client reporting and all legal activities related to the secondary business. Prior to joining Strategic Partners at its inception in 2000, Mr. Song was a Corporate Associate at Fried, Frank, Harris, Shriver & Jacobson, and Kramer Levin Naftalis & Frankel LLP, where he formed private investment funds and advised investment advisors and investment companies on various issues under the federal securities laws. Mr. Song received a B.A. with honors in Political Science from the University of Chicago and a J.D. from Indiana University School of Law.
Sean Scott is a partner in the Chicago office of Mayer Brown LLP and is a member of the firm’s Restructuring, Bankruptcy & Insolvency practice. Sean has extensive experience in complex insolvency matters, including in-court bankruptcy proceedings and out-of-court restructurings and recapitalizations. Sean typically acts on behalf of administrative agents, lenders and lender syndicates and other significant stakeholders in all types of distressed scenarios. In the course of his practice, Sean also regularly advises lender and investor clients on deal structuring considerations in the areas of fund finance, securitization and trade receivables financing.
John Hastings is a capital markets and risk advisor with HarbourVest Partners in Boston. HarbourVest is a leading global private equity firm with a long history of innovation and success Prior to joining HarbourVest, John spent over 30 years in investment banking most recently as a Managing Director and Group Head with the global infrastructure practice at RBC Capital Markets in New York During his twenty years at RBC, he managed and worked in, a broad array of markets, including, power, healthcare, private placements and debt capital markets. In addition after retiring from RBC, he spent two years as an independent risk advisor focused on private equity with PMC Treasury in New York and London.
Charles Inkeles joined Santander in 2018 as a Managing Director responsible for building out the bank’s U.S. Fund Finance business. Prior to that Mr. Inkeles spent two years as the head of U.S. Fund Finance at Commonwealth Bank of Australia. Prior to that Mr. Inkeles spent three years at State Street Bank & Trust Company as a Managing Director in its Fund Lending Group, where he was responsible for its global subscription lending business. Prior to joining State Street, Mr. Inkeles spent 10 years at ING Bank in its Fund Finance Group, where he served as a Managing Director responsible for the bank’s global subscription lending business and also oversaw a portfolio of NAV facilities to Business Development Companies and private senior loan funds. Prior to joining ING, Mr. Inkeles spent three years at ABN AMRO in its Financial Institutions and Financial Sponsors groups. Prior to that, he worked as a prosecuting attorney for the Los Angeles County District Attorney’s Office. Mr. Inkeles holds a B.A. from Yale University, a J.D. from the University of Southern California School of Law, and an M.B.A. from the Yale School of Management.
Alistair is a partner in the corporate and finance group of Carey Olsen in the Cayman Islands and advises on all aspects of finance, corporate, investment funds and commercial law, with a particular focus on lender side funds finance transaction.
He has advised clients on a broad range of transactions including financing, private equity, joint ventures, mergers and acquisitions and capital markets, and is described by clients in IFLR1000 as “the best Cayman lawyer we’ve ever worked with”.
Alistair was formerly with Skadden, Arps, Slate Meagher & Flom and Cleary, Gottlieb, Steen & Hamilton, each in London.
Alistair obtained a Bachelor of Civil Law with distinction from Christ Church, Oxford University, and an LLB with first class honours from Kings College London.
Alistair was admitted as a solicitor of the Supreme Court of England and Wales in 2008 and as an attorney-at-law in the Cayman Islands in 2013.
Philip Kim (New York) joined KKR in 2012 and is the Head of Private Markets Risk. He is a member of the Global Macro, Balance Sheet and Risk team and serves on the Market Risk Committee and the KCM Capital Committee. Prior to joining KKR, Mr. Kim was with Morgan Stanley in its Corporate Derivatives Group. He holds a B.A. from Stanford University.
Steve is currently a Vice President in the Consumer and Investment Management Division at Goldman Sachs. He joined GSAM in June of 2016 to launch, develop and oversee GSAM’s Fund Finance platform. His responsibilities include the origination, structuring, and execution of all financing arrangements across the division. This includes capital call facilities, warehouse lines, NAV facilities and certain securitization transactions. Steve is also responsible for the management of GSAM’s lending relationships. In addition, Steve has oversight of business terms across the division’s trading agreements.
Prior to joining GSAM, Steve held various roles at a leading multi-strategy hedge fund, most recently as the Global Head of Treasury Operations. He began his career at Lehman Brothers in 2006.
Steve received a B.S. in Finance from The University of Maryland-College Park.
Keenan McBride is a Vice President in Fixed Income Secured Lending at Morgan Stanley. Mr. McBride currently covers the origination, structuring, and arrangement of subscription secured credit facilities for private equity funds globally. Over the past seven-plus years, Mr. McBride has been directly involved in the arrangement of subscription facilities in excess of $15B. 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.
Matthew Skurbe is the Treasurer and Managing Director in Finance for Blackstone. Mr. Skurbe leads all Blackstone Treasury related initiatives, including cash and liquidity management, working capital management, bank and rating agency relationship management, balance sheet risk management, procurement, and vendor risk management. Before joining Blackstone in 2009, Mr. Skurbe was the CFO for Merrill Lynch Bank & Trust, a $35 billion bank housing several of Merrill Lynch’s consumer lending and banking businesses. Prior to that role, Mr. Skurbe spent seven years supporting Merrill Lynch’s Treasury function and had previous roles with Amerada Hess and Arthur Andersen LLP. Mr. Skurbe is also a board member of the Association for Financial Professionals, the Blackstone Charitable Foundation, Project Sunshine, and Children’s Specialized Hospital Foundation. Mr. Skurbe received a BS in Accounting from Rutgers University, achieved the Certified Public Accountant certification, and is a Certified Treasury Professional.
Kevin McLeod, Senior Managing Director of Cerberus Capital Management. Mr. McLeod manages the formation, structuring, development and marketing of the investing vehicles of Cerberus Business Finance, the middle-market direct lending business of Cerberus. Prior to joining Cerberus in 2006, Mr. McLeod managed the Leveraged Finance Group at CIBC World Markets where he originated, structured and executed transactions involving high yield debt securities, leveraged loans, privately placed mezzanine securities and merchant banking investments. Formerly, Mr. McLeod was a mechanical and aerospace engineer at the Pratt & Whitney Division of United Technologies Corp. Mr. McLeod earned a BS in Mechanical Engineering from Worcester Polytechnic Institute and an MBA from the University of Chicago.
ING Capital LLC is a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect U.S. subsidiary of ING Bank NV, part of ING Group (NYSE: ING), a global financial institution of Dutch origin. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 51,000 employees offer retail and wholesale banking services to customers in over 40 countries.
Mr. Hecht serves as Chief Financial Officer with oversight of Madison’s Finance and Accounting team. His responsibilities include, financial reporting, tax structuring of investments and credit facility management. Mr. Hecht has over 18 years of finance and accounting experience. Prior to joining Madison in 2007, Mr. Hecht acted as a Regional Finance Director for Tishman Speyer Properties, responsible for the financial quality control of an office real estate portfolio valued at $4 billion. In addition, Mr. Hecht spent six years as part of the portfolio finance group at ING Clarion where his responsibilities included financial reporting and performance analysis for residential, opportunistic and value added commingled real estate funds and three years at Ernst & Young where he was a senior auditor servicing various publicly traded real estate clients. Mr. Hecht earned a BS in Accounting from Yeshiva University, Sy Syms School of Business and is a Certified Public Accountant.
Matt Klein is a Managing Director and leads Hudson Advisors’ Global Markets Advisory business. Matt has over 17 years of experience providing market risk management and derivative advisory services to financial sponsor, corporate and commercial real estate clients and has overseen the execution of over $1.1 trillion of FX, interest rate and commodity derivative transactions over that time. Hudson’s Global Markets Group (“HGMG”) suite of services includes market risk management advisory, trade execution, derivative valuation & reporting, hedge accounting, regulatory compliance and derivative documentation negotiation. HGMG has extensive experience in developing and/or implementing 1) long dated unmargined fund-level FX hedging programs, 2) interest rate, FX and commodity hedging strategies within operating companies and SPVs and 3) sign-to-close deal contingent hedging. Matt graduated from the University of Texas at Austin in 2001 with a BBA degree in Finance. Matt is a CFA®charterholder.
Chris is a Managing Director with the Cayman Islands office of Alvarez & Marsal.
Chris is a qualified Insolvency Practitioner in the Cayman Islands, a Chartered Accountant (Ireland) with 14+ years’ experience and a CIMA registered Director who specialises in providing distressed solutions to the financial services sector. He specialises in corporate advisory, restructuring and insolvency and also acts as a director to entities in distressed situations.
Since moving to the Cayman Islands in 2009, Chris has been appointed as an Official, Provisional and Voluntary Liquidator to numerous Cayman registered entities. The nature of these engagements is often multi-jurisdictional and has led Chris to garner experience working with the Courts of Bermuda, the British Virgin Islands, England and Wales, the United States, Switzerland, Portugal, Luxembourg, Monaco and Hong Kong. Chris has been recognised by the US Courts under Chapter 15 of the US Bankruptcy Code on multiple occasions.
Chris is a Chartered Accountant (Ireland) and an associate of the Chartered Institute for Securities and Investment in the UK. He is also a member of the Cayman Islands Institute of Professional Accountants (CIIPA), INSOL International and the Cayman Islands chapter of INSOL as well as the American Bankruptcy Institute.
Michael Furman is a Vice President, Senior Client Executive, of Subscription Secured Finance at Sumitomo Mitsui Banking Corporation. Based in New York, his focus is on originating, structuring, and execution of subscription secured credit facilities globally, primarily as Lead Arranger and Bookrunner. Clients include private equity firms and fund managers in North America, Europe, and Asia.
Prior to joining SMBC in 2013, Michael was an Associate at First Republic Bank where he focused on originating and underwriting residential loans and relationship management. He is a graduate of the Mendoza School of Business at the University of Notre Dame with a BBA in Finance. Michael is a CFA charterholder and holds Series 7, 63, and 79 licenses.
Morgan Stanley has earned a worldwide reputation for excellence in financial advice and market execution. With offices in more than 41 countries, the people of Morgan Stanley are dedicated to providing our clients the finest thinking, products and services to help them achieve even their most challenging goals.
Stan Mullikin has responsibility for the debt capital markets activity at Crow Holdings Capital and sits on its real estate investment committee. He has been associated with CHC and CHC-affiliated entities since 1998.
Stan’s previous roles at CHC have included financing, acquisitions, development, dispositions and asset management within CHC’s industrial, retail, office and convenience & gas store disciplines.
Stan received a B.A. degree in Political Science from Southern Methodist University in 1998.
Eve Mongiardo is a Senior Advisor of Irving Place Capital. Previously, Ms. Mongiardo was Chief Operating Officer and a Partner at Irving Place Capital where she worked for over 11 years. Ms. Mongiardo has more than 25 years of experience in private equity finance and operations. Prior to joining Irving Place Capital in 2007, Ms. Mongiardo was a financial consultant and principal of her own firm, EGM Advisors. From 2000 to 2005, she was Chief Financial Officer of Soros Private Funds Management. Before joining Soros, Ms. Mongiardo spent more than nine years at Goldman Sachs, most recently as a Vice President in the principal investment area. She started her career at Deloitte Haskins & Sells, where she spent four years in the auditing practice.
Ms. Mongiardo is a founding board member of the Financial Executives Alliance, a networking group for financial decision makers in private equity.
Vicky Du is the Head of Fund Finance, Financial & Strategic Investors Group at Standard Chartered. In this role, Vicky manages a globally integrated team responsible for providing financial sponsors with fund level financing solutions, including Subscription Finance, General Partner financing and Net Asset Value/Hybrid financing. Vicky has extensive knowledge and experience in Leveraged Finance, Structured Finance and Capital Markets. Prior to joining Standard Chartered, Vicky worked at Goldman Sachs and GE Capital.
Vicky received an M.B.A from New York University Stern School of Business, and B.S. in Mathematics and Computer Science from University of Nebraska.
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.
For the past ten years 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.
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $249.8 billion in deposits and $372.5 billion in total assets as of December 31, 2018. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.
Barclays’ dedicated Corporate Banking Funds Team operates globally and provides an extensive range of fund banking solutions, including subscription line and hybrid debt facilities, cash management, trade finance and foreign exchange.
Relationship Directors based in the UK, US and Asia provide creative solutions and excellent service to our Fund clients and work closely with our Investment Banking, Markets, Offshore Banking and Wealth teams to ensure a comprehensive offering. With access to dedicated specialists, focused on the Funds market, we can deliver the expertise you need.
To find out more about how we can support your business, visit barclayscorporate.com
Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our reputation is founded on proven professional skills, a thorough understanding of our clients’ requirements with an emphasis on sound judgment and a practical approach to solving complex legal and commercial issues. Our commitment goes further than simply responding to today’s issues. We partner with our clients in preparing to meet what lies ahead – both the challenges and the opportunities.
Our market leading global funds finance practice advises financial institutions, alternative lenders, funds and sponsors in a wide range of financings involving different fund asset classes. As the Financial Institutions and Asset Management/Investment Funds sectors are key areas of focus for our firm, our international financial markets practice comprises more than 200 lawyers worldwide. We have leading lawyers in the areas of funds finance, formation, regulatory, derivatives and tax, both in London and internationally through our network of offices across Europe, the Middle East, Africa and Asia and with relationship firms in other jurisdictions. Our experience covers a wide range of funds, including debt, infrastructure, renewable energy, real estate, trade, large buyout and mid-market funds, private equity funds, venture funds, fund of funds and emerging market funds.
PEI is the specialist information group that focuses only on alternative asset classes. These have become essential components of institutional investors’ allocation strategies globally and we major in private equity, real estate, private debt and infrastructure whilst also engaging with emerging new asset classes too.
Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service and offers a complete line of products, including residential, commercial and personal loans, deposit services, and wealth management. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. First Republic is a constituent of the S&P 500 Index and KBW Nasdaq Bank Index.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups, has total assets of $326.5 billion at September 30, 2018. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 1,800 locations in more than 50 countries. The Group has over 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
Nick Hoffman leads our Cayman Islands’ Litigation, Insolvency and Restructuring practice. He advises banks, multinational corporations and financial services professionals on insolvency and restructuring, trust litigation, financial services litigation, company disputes and fraud. He has practised in the Cayman Islands since 2011 and is a highly skilled and experienced advocate, having spent more than 10 years at the London Bar. Nick has appeared at all levels of the Cayman Court system from Grand Court to the Privy Council, as leading or junior counsel.
State Street helps you identify opportunities and mitigate challenges, allowing your company to be more effective and resilient. Our global reach, market expertise and unique combination of consistency and innovation to help you manage uncertainty, act on growth opportunities, optimize cost structures and enhance the value of your services.
We offer a flexible suite of services that spans the investment spectrum, including investment management, investment research and trading, and investment servicing.
For more information, visit www.statestreet.com.
Seward & Kissel LLP is a global leader in the fund formation, fund finance and securitization industries. We regularly represent the agent, lenders, arrangers and borrowers in all types of fund finance facilities, at both the fund and asset levels, including subscription credit and capital call facilities, asset-based loan facilities, hybrid credit facilities, fund-of-fund loan facilities, debt issuances, private placements, equity commitment facilities, preferred share issuances and other unique products. We regularly work on secured and unsecured facilities, bilateral and syndicated transactions, as well as loans funded by the issuance of commercial paper. Seward & Kissel’s expertise extends to all areas of law associated with finance, including lending, securities, banking, regulatory, formation and governance, bankruptcy and restructuring, real estate, tax, derivatives products and ERISA. We provide innovative and practical solutions to complicated legal issues. We are committed to providing the highest quality legal services in an efficient and responsive manner.
PNC is one of the nation’s largest financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, treasury management, real estate finance, asset-based lending, wealth management and asset management. We are focused on delivering ideas, insight and solutions to our clients to help them maximize the value of their business. For more information, visit pnc.com/ideas.
East West Bancorp, Inc. is a publicly owned company with total assets of $41.0B, and is traded under the symbol “EWBC”. The Company’s wholly-owned subsidiary, East West Bank, is one of the largest independent banks headquartered in California. The Private Equity group is a nationwide practice comprising 21 dedicated professionals with in-depth knowledge of the fund finance market gained from nearly 20 years of experience on average. This reservoir of extensive underwriting expertise allows us to deliver a wide range of innovative credit structures to fulfill the banking needs of private capital firms located in every major center of private capital in the U.S. and Greater China. Our portfolio of approx. $3B includes clients in every asset class, and of every size, managing assets ranging from $50m to over $1T. Please visit us at www.eastwestbank.com/PrivateEquity.
Chapman and Cutler LLP is a law firm with 240 attorneys in Charlotte, Chicago, New York, Salt Lake City, San Francisco, and Washington, DC that is Focused on Finance. Every day, Chapman attorneys help clients structure and adapt financing arrangements for their business needs and in response to the changing financial environment. Chapman has extensive experience working with lending products for private equity funds and their portfolio companies ranging from traditional subscription financing transactions to secured management company facilities to hybrid facilities.
Kirkland & Ellis 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 offers clients the unsurpassed resources of a large, integrated, multidisciplinary, global team located across offices in the United States, Europe and Asia-Pacific. With more than 380 dedicated Investment Funds attorneys, no other law firm matches the breadth, depth and scope of Kirkland’s experience in investment funds legal services.
With one of the largest and most active client bases of any law firm, Kirkland is uniquely positioned to provide unsurpassed market intelligence and cutting-edge solutions to address the broad spectrum of legal, regulatory, tax and commercial challenges facing investment funds and their sponsors in today’s market. Kirkland’s Investment Funds attorneys represent a diverse group of clients ranging from some of the world’s largest multi-strategy alternative asset managers and financial institutions to independent boutiques and sponsors raising first-time funds. Kirkland also represents a wide range of institutional investors around the globe, including sovereign wealth funds, family offices, corporations and other investors in private funds. These clients operate across a broad spectrum of alternative investment asset classes and strategies.
Since January 2016, Kirkland’s Investment Funds Group has formed more than 430 funds, representing in excess of $650 billion of commitments.
Banco Santander was founded in 1857 and is headquartered in Spain. It has a meaningful market share in 10 core markets in Europe and the Americas and is the largest bank in the euro zone by market capitalization.
Santander Corporate & Investment Banking (SCIB) is Santander’s global division that supports corporate and institutional clients, offering tailored services and value-added wholesale products suited to their complexity and sophistication. We provide and coordinate Santander Corporate & Investment Banking solutions for our clients in all geographies combining industry expertise through specialized teams.
With $51.1 billion in assets, City National Bank provides banking, investment and trust services through 71 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis and Washington, D.C. In addition, the company and its investment affiliates manage or administer $71.7 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 16 million personal, business, public sector and institutional clients through offices in Canada, the United States and 33 other countries.
For more information about City National, visit the company’s website at cnb.com.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. Our Private Equity practice is a cornerstone of the firm’s Corporate Department, representing a diverse client base of private equity firms and investment funds, advising them on all aspects of their business. We have extensive experience in all facets of fund-level financing transactions and regularly represent our fund clients in this capacity. Our financing lawyers work closely with our fund formation, tax and ERISA lawyers on fund financing transactions. We take a business-oriented approach to develop and implement the best solutions for our sponsor clients and their investors. The breadth of our experience is a direct result of our clients’ bespoke and diverse structures and financing needs, and the depth of our expertise is a direct result of our highly satisfied and loyal client base that rely on us for their fund financing transactions.
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 900 lawyers. Building on over 130 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, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Seoul, 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 fund finance team represents clients across a broad spectrum of transactions encompassing all aspects of the investment management business.
Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne.
With more than 18,000 employees, Natixis has a number of areas of expertise that are organized into four main business lines: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services.
A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks.
Figures as at December 31, 2018
Milbank LLP is a leading international law firm that provides a full range of innovative legal services to clients around the world. Founded in New York over 150 years ago, we maintain offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Our lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.
For over a century, leading businesses, financial institutions and asset managers have relied on the lawyers in Milbank’s Finance practice to structure and execute their most complex transactions with a focus in the Los Angeles office on all types of fund financing credit facilities. With offices where they’re needed most—global financial hubs—we always provide first-rate counsel for highly complex, multi-jurisdictional deals.
Michael P. McGuigan is counsel in the firm’s New York office and a member of the firm’s Finance Group. Mr. McGuigan regularly advises the firm’s private equity clients in structuring and negotiating a wide range of fund-related finance transactions, including umbrella and bilateral subscription line credit facilities, NAV facilities, management company liquidity facilities and GP co-investment facilities. Mr. McGuigan also acts for project companies, bidding consortia, developers, equity sponsors and other private sector clients in connection with the development and financing of major U.S. transportation infrastructure projects.
Mr. McGuigan joined Debevoise in 2004. He received his J.D., summa cum laude, from New York Law School in 2004, where he was a senior editor for the New York Law Review. He received a B.A. in History from Fordham University in 1999.
Mr. McGuigan is a member of the New York Bar.
Marjorie Tsang is a board member of the USAA Real Estate Company. She served as a Visiting Scholar with the Johns Hopkins University School of Advanced International Studies on issues relating to financing climate-resilient real assets projects worldwide, an initiative on behalf of the UN Secretary-General. Marjorie co-authored The Paris Climate Agreement: How Real Asset Owners Can Position Themselves for the New World of Climate-Smart Investment Opportunities; PREA Quarterly, 2016 Winter edition. She is an active member of WX: New York Women Executives in Real Estate, having served on the WX, Inc, and WX Charitable Fund, Ltd. boards and serving on the Philanthropy Committee currently. Marjorie is an instructor for the REAP-NY program.
Marjorie served as a senior investment officer at the New York State Common Retirement Fund, the third largest public pension fund in the United States. From 1999-2011, she was the Assistant Comptroller for Real Estate Investments with investment and asset management responsibilities for the Fund’s $9 billion Real Estate portfolio. From September 2011 through August 2012, she served as the Interim Chief Investment Officer. She also covered strategic initiatives including the Real Assets portfolio, asset allocation and launching the pension fund’s Environmental Social Governance program. Marjorie joined the Office of the New York State Comptroller in October 1993 as Assistant Counsel for Real Estate Investments and later assumed legal responsibility for the Fund in all asset classes. She received her BA from Yale University and her JD from Columbia Law School.
Sola Akinola is the Director of Research (Americas) at Preqin, the alternative assets industry’s leading source of data, insights and solutions, where he heads a team of over 40 analysts responsible for direct engagements with asset managers and institutional investors across all alternative asset classes. In addition to having full ownership of the Americas’ exclusive, forward-looking and actionable data, Sola is a core part of the senior management of Preqin’s Americas operations.
Prior to joining Preqin, Sola was the Global Head of Deals & Data Content at Mergermarket (an Acuris Company) where he was responsible for the origination, development and execution of content initiatives enhancing Mergermarket’s global M&A deals & data product offering.
With over a decade of experience working in the financial information industry in both Europe and North America, Sola has played the role of data ambassador through numerous presentations and public speaking engagements covering the M&A and alternative assets industries.
Mr. Willmann is a Managing Director and the Treasurer for TPG. As Treasurer, he is responsible for financing and capital markets activity of the firm and its funds, day-to-day global cash management and investment, foreign exchange risk management and hedging transactions, safekeeping of the firm’s public and private equity portfolio, counterparty risk management, and general bank relationship management. Prior to joining TPG in 2007, Mr. Willmann was a Vice President at JPMorgan Chase & Co., where he spent nine years in various corporate banking roles. Mr. Willmann graduated from Texas Tech University and the Cox School of Business at Southern Methodist University, and currently serves on the Board of Trustees for Trinity Valley School.
Randy leads JMI’s finance and accounting functions. He is a board member of the Washington, D.C. & Baltimore chapter of the Private Equity CFO Association, and a steering committee member of ACG’s Private Equity Regulatory Task Force (PERT). Prior to joining JMI in 2007, Randy was a senior associate in the assurance and advisory business services practice of EY. Randy received a BS in Finance and Accounting from the University of Maryland, and is a certified public accountant.
Aaron Cohen is an executive vice president and manager of City National Bank’s Structured Finance unit. Mr. Cohen is responsible for the bank’s corporate banking, sponsor finance, cash-flow lending and syndicated credit activities. Additionally, Mr. Cohen oversees the division’s capital finance, foreign exchange sales, municipal finance, interest rate risk management, international banking and trade finance, and healthcare teams. Together, Mr. Cohen manages teams that have grown to more than $4.5 billion in combined loans outstanding. He also is a member of the bank’s Executive Committee.
Mr. Cohen began his banking career at City National Bank in 1996. He joined City National’s Structured Finance unit in 2004, became manager in 2011 and assumed his current position in 2016.
Mr. Cohen earned a bachelor’s degree in economics from Emory University and a master’s degree in business administration from the UCLA Anderson School of Management.
Active in the community, he is on the board of Jewish Big Brothers Big Sisters of Los Angeles, where he serves as treasurer, and is an advisory board member with the Los Angeles chapter of Facing History and Ourselves.
Mr. Maier is the Senior Portfolio Manager responsible for assisting with the direction of the investment activities of the Avenue Performing Loans Strategy. Prior to joining Avenue in 2016, Mr. Maier spent 26 years at Natixis and its predecessor banks, Natexis and Banque Francaise du Commerce Exterieur (BFCE), where he was one of the founders of the bank’s leveraged finance business in the United States. Most recently, Mr. Maier founded and served as Senior Managing Director and Head of Coverage – Americas at Natixis with responsibility for all investment banking client relationships with corporations, financial Institutions and private equity sponsors. As such, he chaired the bank’s Client Committee and was a member of the Senior Executive Committee of the Americas for the Corporate & Investment Bank. He was a co-founder and served as Chief Investment Officer of NCOF as well as a co-founder and general partner of Natixis Strategic Partners I, II, & III private equity fund-of-funds. Mr. Maier started his career at NatWest Bank and completed the bank’s officer training program in New York and London.
Mr. Maier received a B.A. with Honors in Philosophy and Law and Economics from Cornell University (1987).
Terry Hatton is a Senior Vice President in and Manager of the Fund Finance Group for Union Bank in New York. Union Bank’s fund client base includes real estate, mezzanine, infrastructure, energy, private equity and venture capital. The bank has built an established track record, providing fund sponsors with competitive lending products, inclusive of subscription and bridge capital call facilities; senior and asset based debt financing for general industries, as well as health care, environmental, and aerospace and defense. Union Bank also provides junior capital, mezzanine debt and non-control equity through our affiliate, UnionBanCal Equities, Inc. Terry has a bachelor’s degree from University of Western Ontario.
Julia Issembert is a Managing Director at Prospect Ridge, a leading investment manager specializing in private equity real estate investing in the U.S. Her primary responsibilities include sourcing, underwriting, structuring and managing investments. Prior to the formation of Prospect Ridge, Ms. Issembert spent six years in the AB Real Estate Investments group, where she executed over $1.5 billion of transactions in several property sectors. She also focused on the group’s platform investments and led the acquisition, development and expansion of the Freehand and Roughneck Lodging platforms and was a board member of Signor Lodging until September 2018 when it was successfully sold to a strategic buyer.
Prior to AB, Ms. Issembert worked as an investment-banking analyst at Credit Suisse.
Ms. Issembert holds a BSBA in international business from Georgetown University and an MBA from Harvard Business School.
Brian M. Goodwin, Managing Director, is the Head of Portfolio Asset Management of the J.P. Morgan Asset Management Infrastructure Investments Group. Based in New York, Brian is also a member of the investment committee for IIG. An employee since 2000, he is responsible for the oversight of the Fund’s portfolio companies including reporting, analysis and valuation as well as strategy, risk and governance at both the portfolio company and Fund levels. He is also responsible for Fund operations including client service, fund accounting and tax. Prior to joining the group, Brian was the Products CFO for Investment Management Americas, where he was responsible for ensuring the timely, accurate and consistent financial reporting of all product platforms. He has also spent several years at Deutsche Bank and KPMG Peat Marwick, LLP. He graduated with a B.S. in Finance and an M.B.A. in Accountancy from St. John’s University and is a CPA.
Adam Nowak (San Francisco) joined KKR in 2013 and is responsible for portfolio financing and derivatives structuring and execution for both Public and Private Markets. Prior to joining KKR, Mr. Nowak worked in corporate treasury and corporate strategy groups at Morgan Stanley. Mr. Nowak holds a B.S. in Business Administration from the Marshall School of Business at the University of Southern California.
Robert Cammilleri is responsible for the fund financing and relationship management of North American financial sponsors and asset managers at the Commonwealth Bank of Australia (“CBA”). Rob joined the bank in March 2018. Prior to this role, Rob spent 12 years at National Australia Bank (“NAB”), the last 6 years of which was in a similar capacity leading the structuring of capital call and asset backed debt facilities and derivative products for fund managers. He spent three years during the global financial crisis in a workout team called Specialized Group Assets, where he was involved in the litigation and the recovery on a portfolio of performing and non-performing financial assets, including CDOs, CLOs, fund financing, municipal and wireless cell tower debt. Rob had 8 years of asset backed financing experience prior to this, three years of which were spent financing NAB’s North American corporate and institutional customers and 5 years as a structured finance ratings analyst at Fitch. Over his career, Rob has been involved in over 120 financings totalling $100bn in assets including HY corporate debt securities, LP subscriptions, infrastructure equity and consumer/commercial loans and leases. Rob graduated with a dual major in Accounting and Finance from Northeastern University.
Jean L. Joseph is a Managing Director of Owl Rock Capital Partners and serves as Portfolio Manager for the Advisor’s First Lien Fund. Prior to joining Owl Rock in 2018, Mr. Joseph spent twelve years at Goldman Sachs & Co. where, in his last role, he was a Managing Director and Portfolio Manager in its Investment Management Division (“IMD”) responsible for the management of the division’s syndicated leveraged loan strategies including onshore mutual fund structures, offshore fund structures, collateralized loan obligations and separate accounts. Preceding the IMD, Mr. Joseph was a member of the firm’s Leveraged Finance group within the Investment Banking Division (“IBD”) with a focus on originating, structuring, and executing syndicated leveraged loans, high yield bond, and debt private placements relating to mergers, acquisitions, recapitalizations and expansion opportunities for corporate clients and private equity sponsors across various industries. Previous to joining Goldman Sachs, Mr. Joseph was a member of the Wachovia Securities (currently Wells Fargo Securities) Leveraged Finance department with a similar focus on originating, structuring and executing non-investment grade credit transactions. Earlier in his career, Mr. Joseph was a Senior Credit Analyst at GE Capital and Atherton Capital with a focus on middle market lending. Mr. Joseph assumed these positions after completion of a two-year management development program with GE Capital. Mr. Joseph received a B.B.A. from the University of Notre Dame and an M.B.A., with honors, from the Goizueta Business School at Emory University.
Paul Hastings provides innovative legal solutions to many of the world’s top financial institutions and Fortune 500 companies in markets across Asia, Europe, Latin America, and the United States. We offer a complete portfolio of services to support our clients’ complex, often mission-critical needs—from structuring first-of-their-kind transactions to resolving complicated disputes to providing the savvy legal counsel that keeps business moving forward.
Since the firm’s founding in 1951, Paul Hastings has grown steadily and strategically along with our clients and the markets we serve. We established successful practices in key U.S. and European cities, creating a broad network of professionals to support our clients’ ambitions. In addition, we were one of the first U.S. law firms to establish a presence in Asia, and today we continue to be a leader in the region. Over the past decade, we have significantly expanded our global network of lawyers to assist our clients in financial centers around the world, including the emerging markets of Latin America
Bank OZK, formerly Bank of the Ozarks, is a full service commercial bank headquartered in Little Rock, Arkansas with $22.4 billion in assets as of December 31, 2018. Our branch network spans 255 locations across Arkansas, Georgia, Florida, Texas, Alabama, North Carolina, South Carolina, California, New York and Mississippi.
Our Institutional Banking Team focuses on Subscription Credit Facilities and to a lesser extent, asset-backed facilities to more mature funds. We also offer Deposit, Treasury, and Banking services to Fund Entities, Management Company, and General Partner Accounts.
Our purpose is not to be the biggest bank – but to simply be the best one.
Fried Frank advises the world’s leading corporations, investment funds and financial institutions on their most critical legal needs and business opportunities. The Firm’s approximately 500 lawyers are based in North America and Europe. Our premier fund finance practice leverages broad representation of borrowers, investors and arrangers, enabling us to better evaluate evolving market conditions and effectively navigate key issues on behalf of our clients. We have extensive experience in a range of financing transactions for investment funds and other pooled investment vehicles across a wide array of strategies, including private equity, mezzanine, real estate, infrastructure, special opportunities and fund of hedge funds, as borrowers.
Sammy Asoli is currently U.S. Head of Financial Sponsors at Lloyds Banking Group. His experience includes the provision of structured fund financing facilities for private equity, real estate, infrastructure, and private debt managers. Sammy also has oversight for the cross product coverage and portfolio management of the North America Financial Sponsors lending and FX portfolio. His experience includes loan structuring (capital call, hybrid, and asset leverage), and marketing for core wholesale banking products including FX derivatives, global transaction banking, and asset level financing. Prior to joining Lloyds, Sammy worked at JP Morgan for the Alternative Capital Markets team, where he was responsible for the structuring, fundraising, and marketing of hedge fund and private equity investments for JP Morgan’s private banking offering.
He has held positions at Ares Management, The Blackstone Group, and Goldman Sachs across a variety of private equity, fund management, and strategic planning functions. He holds a graduate degree in Economic Policy and Management from Columbia University and recently completed an executive leadership certificate program at The Wharton School of the University of Pennsylvania.
Campbells is a leading offshore law firm established in 1970. From our offices in the Cayman Islands, the British Virgin Islands and Hong Kong we provide comprehensive corporate and litigation advice and services to clients worldwide in relation to Cayman Islands and British Virgin Islands law. We have significant experience and expertise in advising both borrower and lender clients on the offshore aspects of a range of fund finance transactions, including capital call facilities, margin loans, management company facilities and co-investment facilities.
To find out more about the team at Campbells, please visit https://www.campbellslegal.com
Kiel Bowen is a partner in Mayer Brown’s Banking & Finance practice, where his practice centers on fund finance. He has significant experience representing domestic and international lenders in negotiating and documenting leverage and liquidity credit lines made to multijurisdictional fund vehicles, including private equity, real estate, REIT, infrastructure, debt, energy, secondary, and hedge funds. He routinely serves as counsel to lenders and lead agents on bilateral and syndicated credit facilities with complex fund collateral structures, including capital call subscription-secured credit facilities, net asset value secured credit facilities, management fee secured credit facilities and fund-of-fund credit facilities. Kiel is a cum laude graduate of Case Western Reserve University School of Law and holds a Bachelor of Arts from DePauw University.
Anna-Lise specialises in subscription financing and debt financing for private equity funds and regularly advises leading financial institutions in related credit facilities. She also has substantial experience in asset finance, particularly ship finance, corporate and acquisition finance and in capital markets transactions. Her practice extends to private equity and hedge fund formation, structuring and operation and she has also advised investment managers on related regulatory and licensing issues in relation to such funds.
Prior to joining Appleby, Anna-Lise practised as a corporate attorney in the British Virgin Islands, advising a broad client base of financial institutions, trust companies and investment advisors. Anna-Lise has been rated as a ´rising star´ in banking and financial services in IFLR1000 2019 rankings and has been recognised in the Legal 500 Caribbean rankings.
Leon is a member of the Financial Industry Group and a partner of the Funds Financing Team in London. Leon and the team work with banks, other financial institutional lenders, managers, general partners and limited partners of funds on specialist funds financing transactions with private equity, secondaries, real estate, direct lending and infrastructure funds.
Leon has particular specialist knowledge of NAV/asset-backed and hybrid facilities, secondary funds facilities, capital call facilities, co-investment and GP/manager support facilities and other types of liquidity facilities provided to funds.
Leon represents a large proportion of lenders that provide funds financing and was awarded “Partner of the Year for Banking” at the Client Choice Awards 2017. He also represents a number of private equity and other funds on complex funds finance transactions.
Will Schlosser has been leading client relationships and structuring credit facilities to private equity funds since 2007. His deal base has covered the entire east coast, the upper Midwest and eastern Canada. He is currently the Alternate Group Manager for Comerica Bank’s Equity Fund Services group and is based in Boston, Massachusetts.
Prior to this, Will spent seven years with Comerica’s Michigan office as both a credit analyst and relationship manager with focuses on commercial real estate, middle market, international and private banking.
Will earned his BBA with a concentration on Finance from Northwood University in Michigan and holds both a Series 7 and 66 license.
Ellen Gibson McGinnis, partner at Haynes and Boone, LLP, is recognized for her critical thinking in structuring, and practical advice in execution of, financing transactions for lenders, focused in particular on subscription‐secured credit facilities, having worked on the product since its initial development in the late 1980’s. She has recently represented a number of clients in hybrid collateral facilities, and works on many of the practice’s international and multi‐currency transactions. Ellen is co‐chair of the firm’s Fund Finance Practice Group, a member of the firm’s Board of Directors, the Chair of its Admission to Partnership Committee and a member of its Appointments Committee.
Ellen is highly involved as a volunteer for her alma mater, Yale University. She co‐founded YaleWomen, the organization for women graduates of Yale College and Yale’s graduate and professional schools, and serves on its governing Council. She also serves on the Council of Women’s Health Research at Yale, which advances health research for women across medical and psychosocial disciplines.
Ellen has been active in women’s and diversity initiatives at the firm, serving as a sponsor of and advocate for a diverse array of associates, and working in her management roles to hire, retain and promote great attorneys who bring different identities, perspectives and talents to Haynes and Boone. Her work with YaleWomen is also focused on making progress toward gender equity in business, academia, government and the arts.
Matt Taber is a partner in Harneys’ Cayman office. Matt is a Cayman Islands investment funds formation and financing specialist; he has advised many of the world’s leading asset managers in relation to the formation, governance, and restructuring of all types of private equity and hedge funds and also advises many of the world’s leading fund finance/subscription finance lenders in relation to their lending to investment funds.
In addition to his experience as a fund and fund finance lawyer, Matt also has extensive corporate experience, advising on mergers and acquisitions and fund finance and is a digital technology specialist.
Thomas (Tom) Nowak is a Managing Director in Bank of America Merrill Lynch’s market-leading Syndicated Finance group. In this capacity he is responsible for leading the structuring, syndicate, distribution and execution of broadly-syndicated debt facilities. Clients include opportunity funds, hedge funds, debt funds, public pension plans and institutionally-sponsored entities as well as REITs, REOCs, lodging companies and national homebuilders.
Mr. Nowak has over 20 years of experience in structuring, syndicating and executing debt transactions across all levels of the capital structure. Prior to assuming his current role, he worked in investment banking as well as financial and economic consulting.
Tom holds Series 7, 24 and 63 licenses and is a graduate of the University of Notre Dame (BBA in Finance) and the University of Chicago Graduate School of Business (MBA in Finance and Accounting).
Nick Mitra manages the Capital Call business for Natixis for the Americas and is also the global coordinator for the Capital Call product ensuring compliance with exposure limits and adherence to consistent standards for Capital Call credit facilities. Prior to joining the Global Structured Credit & Solutions Group at Natixis, Nick worked in the Credit Group at Natixis covering Financial Institutions and Insurance Companies. He has also worked at Goldman Sachs and Accenture in different roles and was the CFO of an entrepreneurial start-up – UConnections.com – aimed at the education space. Nick started his career at Lehman Brothers as a trader’s assistant in the security lending/repo area. Nick has approximately 17 years of experience in the financial sector. Nick is also a co-founding member of the Fund Finance Association, an industry group dedicated to Fund Finance and related products, where he sits on the Board of the Association.
Nick holds an MBA in Finance from NYU and a BS in Finance from Lehigh University and is a CFA charter holder. He is also the First Vice Chairman of the Fund Finance Association.
Katie is a senior associate in the Finance team at Travers Smith, having joined the firm as a trainee in 2010and spent 10 months on secondment to the Fund Finance team at Investec Bank plc in 2015. Described as a “rapidly rising star” in the Legal 500 UK 2018 rankings, Katie acts for lenders and borrowers across the fund finance, leveraged finance and speciality finance sectors on fund level subscription, NAV, hybrid and secondaries facilities, acquisition financings and borrowing base, forward-flow and loan sale transactions. She regularly acts for clients such as The Royal Bank of Scotland International Limited, Lloyds Bank, Investec Bank plc, Silicon Valley Bank, Sumitomo, Wells Fargo, HSBC, Pemberton Capital Advisors, Equistone Partners Europe and Elliott Advisors.
Patricia leads the firm’s U.S. securitization practice and advises on a wide range of structured finance transactions, including collateralized loan obligations (CLOs) and other loan securitizations, receivables-backed variable funding note facilities and whole-business securitizations. She also works with investment funds on credit fund leverage facilities and subscription facilities and with corporate borrowers on large cap and middle market financing transactions, including syndicated credit facilities, ABL facilities and high yield bond issuances.
Nick is a managing director and commercial market lead within CIBC’s Non-Bank Finance Group. The business unit focuses exclusively on partnering with private debt firms who primarily serve the private equity community. He is responsible for the origination and structuring of solutions that provide incremental capital and service capabilities. This spans bridge lines, fund leverage, hybrid offerings, first-out or split lien financing and related banking services.
Previously, Nick spent the majority of his career with private debt provider Antares Capital leading the underwriting, structuring and syndication of cash flow loans for private equity backed transactions. He began his career with General Electric, holding a variety of roles across its businesses.
Nick graduated summa cum laude from Syracuse University, and earned an MBA with honors from the University of Chicago’s Booth School of Business.
Jocelyn A. Hirsch, a partner at Kirkland & Ellis LLP whose practice focuses primarily on the representation of private equity sponsors and corporate borrowers in complex financing transactions, including leveraged buyouts, cross border facilities, asset based facilities and sponsor capital call/subscription facilities. Her experience in private equity spans sectors including real estate, energy, infrastructure, secondary and financial services funds with aggregate funds raised totaling tens of billions of dollars. Ms. Hirsch has worked with some of the largest, most diversified and prominent private fund sponsors, as well as middle-market firms.
Ms.Hirsch received a J.D., from the University of Wisconsin Law School.
Christopher is a Partner in our Cayman Islands office specialising in cross border bankruptcy and restructuring. He represents funds, investors, lenders, insolvency practitioners, directors and all other stakeholders affected by financial distress.
He was admitted to practise as a solicitor in England and Wales (currently non-practising) in 1986 and was admitted as a Cayman Islands attorney in 2014. He is recognised as an expert in his specialism by the leading directories and is regularly called upon to provide expert testimony in foreign Courts.
Based in New York, Shaun is a Managing Director at Wells Fargo Securities, responsible for Alternative Asset Manager and FIG Corporate FX & Rates coverage. Prior to joining Wells Fargo Securities in 2009, Shaun was a Director at Deutsche Bank, managing a cross product FX, Rates and Commodities team covering US, Brazilian and Argentine corporates. Shaun graduated valedictorian from the University of San Francisco.
Preqin is the home of alternative assets, providing indispensable data, solutions and insights to support alternative asset professionals at every stage of the investment cycle. Since 2003, we have been the most trusted source of information on alternative assets, spanning private equity, venture capital, hedge funds, real estate, infrastructure, private debt, natural resources and secondaries. Our products and services are relied upon by more than 60,000 industry participants in over 90 countries, for a range of activities including fundraising, investor relations, asset allocation, fund manager selection and business development. Preqin is an independent business with over 400 staff based in New York, London, Singapore, San Francisco, Hong Kong, Guangzhou and Manila.
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The Sumitomo Mitsui Trust Group is one of Japan’s largest asset managers and custodian in addition to industry leader in trust-bank-related businesses. We continue to build on our global business model to create unique value-added services associated with the brand of “SuMi TRUST”, with a firm presence not only in the Japanese trust banking industry, but also in the global financial industry.
As one of the largest institutional investors and trust banks in Japan, SuMi TRUST offers a unique approach to alternative investment asset class and leverages its fiduciary spirit and knowledge to be our clients’ “Best Partner”.
SuMi TRUST is one of the largest asset managers in Japan, with AUM of USD 821 billion (as of March 31, 2018). SuMi TRUST manages a broad spectrum of financial products and is well known in Japan for specialized solutions for corporate and public pension funds.
Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $24 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle, and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.square1bank.com.
With more than 12,000 professionals across 37 countries, Societe Generale Corporate & Investment Banking is present in all major markets and is built on the overriding principles of client service over the long term and sound risk management. Standing by its clients across sectors, the Corporate & Investment Bank tailors solutions for clients by capitalizing on our worldwide expertise in investment banking, financing, market activities and investor services.
For more information, visit www.cib.societegenerale.com.
Established in 1866, Sidley is a global, full-service law firm with more than 2,000 lawyers practicing on four continents (North America, Europe, Asia and Australia). Sidley’s Global Finance practice comprises lawyers who have pioneered the development of financial instruments for the world’s financial markets. Our team provides a comprehensive range of syndicated and leveraged finance, asset-based debt finance and structured finance legal services for clients and around the world. Sidley also provides a broad range of transactional services including mergers and acquisitions, joint ventures and strategic transactions, intellectual property and tax, among many others. In addition, we offer regulatory services to clients in virtually every major industry, and many lawyers in our regulatory practices previously held senior positions in government agencies in the U.S., EU and Asia. Our litigation and arbitration practices operate at the trial and appellate levels, and span virtually every area of substantive law.
Proskauer’s Finance Group focuses on a wide range of transactions across the debt markets. Our lawyers have remarkable breadth of expertise in acquisition finance, leveraged lending, fund finance, workouts and restructurings, investment grade and commercial lending, structured products, and specialty financings.
Proskauer is a leading law firm with 725+ lawyers serving clients from 13 offices located in financial and business centers in the Americas, Europe and Asia. The world’s leading companies and corporations choose us to represent them in their most critical situations. But more, they consider Proskauer a strategic partner to drive their business forward. We work with asset managers, major sports leagues, Fortune 500 companies, entertainment industry legends and other industry-redefining organizations and individuals.
People’s United Bank, N.A. is a subsidiary of People’s United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with $47 billion in assets and an A- rating from S&P. Founded in 1842, People’s is a premier, community-based bank in the Eastern U.S. offering commercial banking, retail banking and wealth management services through a network of over 400 office locations. People’s is the recipient of 42 awards for client Excellence and Best Brand by Greenwich Associates, was named a 2018 Best Regional Bank in America by Kiplinger’s, and is a top-rated bank in Forbes’ list of America’s Best Employers in 2018.
“Truly excellent”, “responsive and efficient”, “in a nutshell they get the job done” – that’s what the leading directories have to say about Ogier’s top ranked cross-jurisdictional finance team. With offices in BVI, Cayman, Guernsey, Hong Kong, Jersey and Luxembourg, Ogier’s team has years of specialist expertise in fund finance, and we work with 21 of the 25 biggest global law firms.
We have a long track record in all aspects of fund financing including structuring, security requirements, quasi-equity and mezzanine financing – and it’s not for nothing that our finance teams in Guernsey and Jersey are rated in the top tier by both Chambers and Legal500.
Above all, our approach is both commercial and long-term. Our relationships in this specialist field have been built over many years of providing a responsive and expert service across the leading offshore jurisdictions, getting straight to the point and managing complexity for our clients.
Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant Banking. Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia.
McGuireWoods LLP. Law Firm. 1,100+ lawyers, 22 offices. McGuireWoods regularly represents lead arrangers of syndicated and club credit facilities, and bank and non-bank lenders offering bilateral financings in a variety of industries and transaction structures. In subscription and fund finance, whether advising on a bilateral loan to a private investment fund, structuring fund support for a portfolio company financing or arranging a multi-billion dollar syndicated umbrella credit facility for a complex fund group, we have the resources to support a broad variety of transactions. McGuireWoods has consistently ranked among the top 10 U.S. law firms for both deal count and dollar volume in the debt-focused league tables, underscoring the depth and the strength of the firm’s nationally recognized debt finance practice. McGuireWoods has more than 200 debt finance and private equity lawyers in New York, London, Chicago, Charlotte, Dallas, Los Angeles and San Francisco.
Vassiliyan Zanev is a Partner in the Banking & Finance Department of Loyens & Loeff Luxembourg and he leads the global fund finance practice. He represents a variety of financial institutions, investment funds and corporations across a range of structured finance and lending transactions, with particular emphasis on fund finance, securitisation, debt issuances and real estate finance.
Vassiliyan has extensive experience in the financing of Luxembourg alternative or regulated investment fund borrowers (including by way of capital call subscription credit facilities, bridge facilities and permanent leverage solutions).
Mary Touchstone is a Partner and Head of the Fund Finance Practice at Simpson Thacher & Bartlett LLP. Mary has helped to establish Simpson Thacher as a global leader in the representation of financial sponsors in fund financings. She is widely acknowledged as a leading lawyer in the subscription credit facility market and represents many of the world’s preeminent sponsors of private equity, real estate, energy, infrastructure, debt and other investment funds on the largest and most complex fund facilities.
Mary and her team regularly work on a wide variety of fund level financings, including secured and unsecured subscription (or capital call) facilities, with borrowing capacity for the fund as well as its parallel funds, alternative investment vehicles and portfolio companies; fund guarantees and other credit support of portfolio level financings; NAV-based facilities and hybrid variations provided as aftercare facilities for funds that are later in their life cycles with less uncalled capital and more portfolio asset value; credit facilities for managed account vehicles; employee co-investment loan programs; management lines to investment advisers for working capital purposes; and liquidity financings for registered funds.
Paul M. Roder is a partner in the Banking and Finance practice group of Moses & Singer LLP. He represents money center banks and other financial institutions, both foreign and domestic, in a variety of financing transactions, including secured and unsecured lending and letter of credit transactions. His clients often serve as lead agents and arrangers in syndicated credit facilities and he advises them in all aspects of such transactions, including the structuring, negotiating, and documenting thereof. He regularly represents clients on extensions of credit to a range of borrowers, including public and private companies, and in cross-border financings.
Paul has extensive experience in fund finance, including subscription finance, other credit extensions supported by capital commitments, and general partner and investment management company credit facilities. Over the last two decades, he has represented money center banks as lead agents and arrangers, and as syndicate members, in hundreds of subscription credit facilities. These facilities include multi-fund, parallel fund, and master/feeder fund structures with sponsors primarily located in North America and Europe. In addition, he represents clients in bilateral subscription credit facilities, hybrid subscription credit facilities (which include subscription collateral together with collateral from other asset classes), “after-care” credit facilities, and credit facilities secured by investment management fees and other rights to payment. The borrowers are typically private equity funds, including real estate opportunity funds, leveraged buyout funds, infrastructure funds, distressed debt funds, and mezzanine funds, and include funds from some of the premier sponsors in the industry.
Anthony Pirraglia focuses his commercial finance practice primarily on fund financing transactions, representing both borrowers and lenders on unsecured and asset-based lending transactions. Valued by his clients for his practical, results-oriented approach, Anthony presents complex situations clearly and concisely to quickly achieve a successful transaction.
Anthony regularly represents mezzanine lenders, private equity funds and other investors in their loans to and investments in companies with acquisitions and corporate restructures. He also practices as special counsel, representing institutional lenders in direct placement of corporate securities.
He has significant experience advising on the structuring, documentation and negotiation of warehouse and other loan facilities and a wide variety of privately placed financial transactions, as well as leveraged buyouts, project and facility financing, real estate financings, and loan and other asset securitizations.
Anthony’s practice also includes a special emphasis on workouts, restructuring and bankruptcies of multiple-property credit tenant loan securitizations. His most notable workouts include the favorable liquidation and recovery on approximately 30 Borders credit tenant leases.
Established in 1825 in Dublin, Ireland and with offices in Cork, London, New York, Palo Alto and San Francisco, more than 670 people work across Matheson’s six offices, including 95 partners and tax principals and over 440 legal and tax professionals. 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, 6 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.
Our Finance and Capital Markets team advises financial institutions and corporations involved in arranging and executing all forms of finance and capital markets transactions in Ireland.
The newly expanded Financial Institutions Group within Fifth Third’s Commercial Bank is a NY-based national practice that manages relationships with insurance companies, fund managers, financial technology companies, diversified financials and correspondent banks. This group of industry specialists works closely with clients across the U.S. to understand individual needs, and its holistic approach provides resources and strategic advice for client coverage, credit, treasury management and capital markets. Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of September 30, 2018, the Company had $142 billion in assets and operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest with $362 billion in assets under care, of which it managed $37 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Visit www.53.com/commercial. Member FDIC.
DBS is a leading financial services group in Asia, with 26,000 employees and over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS is “AA-” and “Aa1” credit rated. Recognised for its global leadership, DBS has been named “Global Bank of the Year” by The Banker, “Best Bank in the World” by Global Finance, the “World’s Best Digital Bank” by Euromoney, and has received the “Safest Bank in Asia” award by Global Finance for ten consecutive years from 2009 to 2018. DBS provides a full range of services in consumer, institutional and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets, and is committed to building lasting customer relationships.
At Credit Suisse, our strategy is to be a leading wealth manager, with strong investment banking capabilities. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets. Founded in 1856, we today have a global reach with operations in about 50 countries and 46,840 employees from over 170 different nations.
Citizens Bank, N.A., a subsidiary of Citizens Financial Group, Inc., is a $158.6 billion super regional bank with a national corporate banking focus. For over 17 years The Private Equity Banking Group at Citizens has been providing a broad range of commercial banking products and services, including the structuring of capital call/subscription facilities, to the private equity community. In addition, this group works closely with the bank’s Sponsor Finance group to provide unified banking services for the whole private equity firm. As part of Citizens’ ongoing commitment to serving the needs of private equity firms, Citizens is the founding corporate sponsor of The Private Equity CFO Association (www.privateequitycfo.org), now in its 17th year. With 8 chapters across North America, the Association serves as a national networking and thought leadership group for over a thousand senior financial professionals at private equity firms.
Cathay Bank is a commercial bank founded in Los Angeles in 1962. We build long-term relationships, looking ahead to future possibilities and focusing on putting people and companies on paths to success. Our flexible approach allows us to respond quickly to our customers and the rapidly changing marketplace. We’re invested in doing all we can for our customers by offering a wide range of financial services through nine states in the U.S. as well as a branch in Hong Kong and representative offices in Beijing, Shanghai, and Taipei. Cathay Bank is a subsidiary of Cathay General Bancorp (Nasdaq: CATY) and ranked Top 10 in Forbes 2019 Best Banks in America.
To engage with our Funds Finance team, contact Kelly Wu, EVP, Head of Corporate Banking, at firstname.lastname@example.org, 626-279-3282, 213-538-8866.
Arnold & Porter’s Structured Finance practice brings together a team of finance lawyers from our New York, Chicago, Washington, D.C., San Francisco, Los Angeles, London, and Frankfurt offices, with extensive experience, not only in structured products and asset securitization transactions, but also in the related fields of bankruptcy, tax, securities, real estate, financial institutions regulation, and certain specialized industries. Our team has represented financial institutions in many of the largest and most complicated restructurings, portfolio sales and liquidations and government assistance transactions.
We regularly represent leading global financial institutions, hedge funds, private equity funds, pension funds, and insurance companies in a broad range of areas, including public and private ABS, RMBS and residential mortgage warehousing, CMBS, marketplace loan securitization, operating asset securitization, CLOs and corporate structured credit, commercial paper conduits, esoteric asset securitization, trade receivables securitization, structured asset funds, distressed asset sales, whole business securitization, warehouse facilities, and derivatives.
Northern Trust is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2018, Northern Trust had assets under custody/administration of US$10.1 trillion, and assets under management of US$1.1 trillion. Northern Trust has a team of specialized professionals servicing private equity firms through the delivery of a unique mix of corporate banking, fund administration and wealth management solutions. Northern Trust’s highly focused strategy and long-term commitment to the private equity market has been a major driver of the success of our sponsor finance business.
Morrison & Foerster LLP is an international law firm with attorneys in key markets in America, Asia, and Europe. We regularly represent some of the largest lenders and private equity funds in a wide variety of financings, including subscription line of credit transactions and fund formation.
Our expertise encompasses: finance, restructuring, remedies, asset acquisitions and dispositions, joint ventures; REITs, hotels and hospitality, development, land use, and construction; and leasing and asset management. Our clients include lenders (commercial banks, investment banks, specialty finance companies, and mortgage REITs), developers, equity investors (funds and fund advisors), and REITs. We represent clients in all of the major real estate product areas, including office, commercial, industrial, multi-family, hospitality, and specialized uses, such as energy.
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 (“BVI”), 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. For more information, please visit: maples.com.
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands.
J.P. Morgan’s Private Bank delivers customized wealth management advice and solutions to wealthy individuals and their families, leveraging its broad capabilities in investing, family office management, philanthropy, credit, fiduciary services and special advisory services to help its clients advance toward their own particular goals. J.P. Morgan’s Commercial Real Estate businesses provide dedicated service, forward-looking insights and tailored solutions, from capital redeployment and investment strategies to private debt and equity placement, asset analysis and portfolio evaluation to help clients address their unique challenges and opportunities and navigate the commercial real estate markets.
Conyers Dill & Pearman is a leading international law firm with a broad client base including FTSE 100 and Fortune 500 companies, international finance houses and asset managers. The Firm advises on Bermuda, British Virgin Islands and Cayman Islands laws, from offices in those jurisdictions and in the key financial centres of Hong Kong, London and Singapore.
Travers Smith is an award-winning full-service law firm with offices in London and Paris. We build lasting relationships with publicly-listed and private companies, financial institutions and funds, as well as other business enterprises involved in large and complex UK and cross-border matters and transactions. We make it our priority to understand our clients’ sectors and their most important objectives.
We use a unique blend of technical skill and commercial experience to overcome some of the most complex business challenges. Our hallmark is to be entrepreneurial and exceptionally efficient. We fight only the battles that are worth winning, focusing on the results we can achieve for our clients rather than the points we can score.
We have been an active participant in the European fund finance space for over 15 years and frequently advise both lenders and borrowers on subscription, co-invest / GP support, NAV and hybrid facilities.
Scotiabank is Canada’s international bank and a leading financial services provider in the Americas. We are dedicated to helping our 25 million customers become better off 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.
Scotiabank is a leading provider of financial products and services to Financial Institution clients globally. It offers a full range of investment banking, corporate banking, and capital markets products to its Financial Institution clients, while working closely with partners across divisions to provide a coordinated approach across products and geographies. Subscription finance is a strategic product within Scotiabank’s fund finance platform, which also includes traditional lending, prime services, repurchase agreements, total return swaps and conduit finance.
With a team of more than 97,000 employees and assets of $998 billion (as at October 31, 2018), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit http://gbm.scotiabank.com.
Ropes & Gray is a preeminent global law firm with more than 1,200 lawyers and legal professionals serving clients in major centers of business, finance, technology and government. The firm has offices in New York, Boston, Washington, D.C., Chicago, San Francisco, Silicon Valley, London, Hong Kong, Shanghai, Tokyo and Seoul, and has consistently been recognized for its leading practices in many areas, including private equity, M&A, finance, investment management, hedge funds, real estate, tax, antitrust, life sciences, health care, intellectual property, litigation & enforcement, privacy & cybersecurity and business restructuring.
Reed Smith is a market-leading international law firm specialising in funds finance. With more than 1,700 lawyers across 28 offices, it advises 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 US, Asia and the UAE. It has one of the largest team of funds finance lawyers in London and provides specialist advice on the new and developing products in this area. Reed Smith has particular expertise with financings of direct lending, secondary and PE funds. Reed Smith’s funds 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.
We advise on all aspects of fund financing, including subscription lines, asset-backed facilities and hybrid arrangements. Incorporating experts from our private funds, regulatory and restructuring teams, our market-leading practice supports clients throughout the fund finance lifecycle.
We are a leading offshore law firm with expertise in Cayman Islands, British Virgin Islands, Jersey and Guernsey law. Through Mourant Governance Services we deliver a complementary range of fiduciary and governance services.
Moses & Singer LLP provides legal services to a broad array of clients, including prominent banks, companies, individuals and families. Our Banking & Finance Practice Group has deep perspective in fund finance structures and documentation, having represented money center banks in investor note financings in the early 1980s and in subscription financings since the 1990s. We have been an industry source of innovative structuring and documentary language, providing cost effective services to agent banks and syndicate members in subscription financing transactions involving a multitude of sponsors, funds, investors, jurisdictions and structural landscapes.
Loyens & Loeff is a leading law firm with integrated legal and tax practices. We handle all matters relating to banking, corporate, investment funds, 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.
Our global fund finance team 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, bridge facilities and permanent leverage 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.
Loeb & Loeb is a premier law firm focused on helping organizations and individuals innovate, grow and evolve in a changing world. Our market leading practice and industry teams deliver practical insight and strategic solutions in complex deals, high-profile disputes, cutting-edge regulatory issues and other matters critical to our clients’ success. The firm has nearly 400 lawyers across seven offices in the United States and Asia. For more details, please visit www.loeb.com.
In North America, Lloyds Bank Commercial Banking provides sound local US and UK knowledge and advice, providing our clients with the solutions they need to secure growth and manage risk.
Acting as a gateway to expert US-UK financial services, our teams of sector and product specialists deliver industry insight and experience alongside tailored solutions to suit our clients’ individual business needs.
Our offer includes core banking products such as lending, deposits and a range of domestic and international transaction banking services. In addition, through our registered broker-dealer, we provide access to financial markets and to sophisticated capital markets solutions ranging from private-side debt and public financing to risk management products and solutions for global corporates and financial institutions.
Lloyds Bank Commercial Banking has deep local expertise with teams in New York, London, Frankfurt, Amsterdam, Paris and Singapore.
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 to deliver broad industry expertise and local knowledge.
Clifford Chance brings a market-leading fund finance proposition, advising lenders and funds on a wide range of financing options, including capital call bridge financing, leveraged NAV facilities and borrowing base deals (including hybrid facilities), along with facilities for general partners. Our global funds/funds formation practice of over 130 lawyers works in tandem with our lending team to provide a complete fund financing platform for our clients.
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions, and CIBC Private Wealth offers investment management, wealth strategies and legacy planning. Visit us at cibc.com/US.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial financial services through more than 8,600 locations, 13,000 ATMs, online (wellsfargo.com), and mobile devices. We’re headquartered in San Francisco, but we’re decentralized so every local Wells Fargo location is a headquarters for satisfying our customers’ financial needs and helping them succeed financially. We do business with 70 million customers and one in three U.S. households. Wells Fargo has approximately 273,000 team members in 42 countries and territories across our more than 90 businesses. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
We are a leading international banking group, with a presence in more than 60 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good. More than 80 per cent of our income and profits are derived from Asia, Africa and the Middle East. Our businesses serve four client segments in four regions – Europe & Americas, Africa & Middle East, Greater China & North Asia, ASEAN & South Asia – supported by seven global functions.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.
Sumitomo Mitsui Banking Corporation (SMBC) is a core member of Sumitomo Mitsui Financial Group (SMFG), a Tokyo-based bank holding company that is ranked among the largest 25 banks globally by assets under management.
SMBC Americas Division, with more than 2,500 employees, oversees operations in the US, Canada, Mexico, and South America. We work across SMFG to offer corporate and institutional clients sophisticated and comprehensive financial services around the globe.
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. Mayer Brown’s finance platform is based on the Firm’s global position in the world’s leading markets, and partners dedicated to fund finance matters are located in Charlotte, New York, Chicago, London, Hong Kong and Singapore. As a result, the Firm has relationships with every major US lender along with the majority of active lenders in the European and Asian markets, and our lawyers have represented the lead agent and lenders in more than 550 subscription credit facilities since 2008. In addition to subscription credit facilities, Mayer Brown lawyers are experienced documenting the full suite of fund and portfolio-level financings, including NAV facilities, hybrid facilities, private placements, open-end fund facilities, management fee credit lines and an assortment of leveraged asset level transactions.
Haynes and Boone, LLP is one of the leading U.S. corporate law firms with offices across Texas, in New York, California, Charlotte, Chicago, Denver, Washington D.C., London, Mexico City and Shanghai, representing agent banks in Subscription Financings in Asia, Europe, Latin America and North America. With more than 575 lawyers, Haynes and Boone is ranked among the largest U.S.‐based firms by The National Law Journal. The firm was 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 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 team advises on all types of fund finance including subscription financing, NAV/Hybrid, GP support and management fee financings.
Harneys is a global offshore law firm with entrepreneurial thinking built around professionalism, personal service and rapid response. Open, progressive and personable, we provide advice on British Virgin Islands, Cayman Islands, Cyprus, Bermuda and Anguilla law to an international client base which includes the world’s top law firms, financial institutions, investment funds and private individuals. Our network is the largest among offshore law firms with more than 12 locations in major financial centres across Europe, Asia, the Americas and the Caribbean, allowing us to provide reliable and timely service of the highest quality to clients in their own languages and time zones.
Comerica Bank’s Equity Fund Services Group specializes in providing a full range of banking services including capital call lines, subscription lines and loans to general partners for leading venture capital and private equity funds throughout the US and Canada. The group is staffed with experienced professionals who understand the unique needs of funds. Our relationship managers work closely with Comerica Bank product experts who can bring solutions to address treasury management, foreign exchange and custody needs. Learn more at Comerica.com. Member FDIC. Equal Opportunity Lender.
Carey Olsen is a leading offshore law firm advising financial institutions, corporations and private clients on Bermuda, British Virgin Islands, Cayman Islands, Guernsey and Jersey law from a network of nine international offices.
Our fund finance specialists have extensive experience of advising on all types of lending to investment funds in Bermuda, the British Virgin Islands, 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.
Our team includes banking, finance and investment funds specialists who are hugely experienced in closing deals in this sector. We act directly for banks and borrowers as well as alongside leading global law firms.
Relationships are key and we seek to maintain excellent lender, fund manager and investor relations as a priority.
For more information, visit https://www.careyolsen.com/services/investment-funds/fund-finance
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 and corporations. With five offices in the U.S. and Europe, Cadwalader offers legal expertise in antitrust, banking, corporate finance, corporate governance, energy, environmental, executive compensation, financial restructuring, health care, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense. We have more than two decades of experience in fund finance, and provide practical, yet cutting edge, advice to a wide variety of financial institutions active in the space. Our 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.
Steve Jacoby co-heads the Luxembourg Banking, Finance and Capital Markets practice and handles acquisition finance, bank lending, securitisation, capital markets, regulatory, derivatives, general banking law (including litigation), corporate law and insolvency matters. Steve is an associate lecturer (Chargé de Cours Associé) at the University of Luxembourg in banking, finance and capital markets law. He is a regular contributor to legal journals and a member of various advisory committees on financial law questions within Luxembourg public Institutions and professional organisations.
Samantha Hutchinson advises both financial institutions and private markets managers on the full range of fund finance products across all asset classes. She has advised on some of the largest subscription and leverage deals in the market, including a $2bn secondary financing for a leading European secondary manager, a $1.5bn hybrid umbrella facility and a €5bn subscription line to a leading global primary fund. In the last twelve months she has advised on over fifty new fund financings exceeding £15bn in value. Sam has been advising financial institutions and private markets managers for over fifteen years, and her practice covers the full range of fund lending products, including subscription lines, primary and secondary leverage and liquidity lines, GP and executive financings and co-invest facilities delivered via a number of different structures including framework and umbrella facilities.
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 67 million consumer and small business clients with approximately 4,400 retail financial centers, approximately 16,100 ATMs, and award-winning digital banking with more than 36 million active users, including nearly 26 million mobile 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 3 million small business owners 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 (NYSE: BAC) is listed on the New York Stock Exchange.
Anthony Scaramucci was the Founder of SkyBridge Capital. In June 2017, he was named the Chief Strategy Officer of the EXIM Bank. In 2016, Scaramucci was named to President-Elect Trump’s 16- person Presidential Transition Team Executive Committee, and served as the White House Communications Director over a short period in July 2017.
Scaramucci is the author of three books: The Little Book of Hedge Funds, Goodbye Gordon Gekko and Hopping Over the Rabbit Hole, a 2016 Wall Street Journal best- seller.
Prior to founding SkyBridge in 2005, Scaramucci co-founded investment partnership Oscar Capital Management, which was sold to Neuberger Berman in 2001. Earlier, he was a vice president in Private Wealth Management at Goldman Sachs.
In 2016, Scaramucci was ranked No 85 in Worth Magazine’s Power 100: The 100 Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s Entrepreneur of the Year – New York Award in the Financial Services category.
Scaramucci is a member of the Council on Foreign Relations (CFR), vice chair of the Kennedy Center Corporate Fund Board, a board member of both The Brain Tumor Foundation and Business Executives for National Security (BENS), and a Trustee of the United States Olympic & Paralympic Foundation. He was a member of the New York City Financial Services Advisory Committee from 2007-12.
Bridge Bank, a division of Western Alliance Bank, Member FDIC, helps business clients realize their growth ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank delivers a broad scope of financial solutions including growth capital, equipment and working capital credit facilities, sustainable energy project finance, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has eight offices in major markets across the country along with Western Alliance Bank’s powerful array of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. One of the country’s top-performing banking companies, Western Alliance has ranked in the top 10 on the Forbes “Best Banks in America” list for four consecutive years, 2016-2019. For more information, visit bridgebank.com.
Appleby is a leading offshore law firm with close to 500 people, including 60 partners, operating from 10 offices around the globe. We advise global public and private companies, financial institutions, and high net worth individuals, working with them and their advisers to achieve practical solutions, whether in a single location or across multiple jurisdictions.
Appleby represents combined ingenuity and talent working in the most significant international offshore financial centres, and is focused on the development of new products and the provision of effective service to its clients.
Appleby has been ranked as one of the world’s largest providers of offshore legal services in The Lawyer’s Offshore Survey in recent years. They deliver sophisticated, specialised services, primarily in the areas of Banking & Finance, Corporate, Dispute Resolution, Private Client and Trusts, Regulatory and Property.