Stephanie Kelton is a leading authority on “Modern Mon- etary Theory”, a new approach to economics that is taking the world by storm. She is one of the most important economists influencing the policy debate today. Her new book, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy (June 2020), shows how to break free of the myths and misunderstandings about money and the role of taxes, debt and deficits that have hamstrung policymakers around the world.
Stephanie Kelton is a regular contributor at Bloomberg Opinion, and she has written for the New York Times, The Los Angeles Times, U.S. News & World Reports, CNN, and others.
Stephanie has worked in academia and in the politics. She served as chief economist on the U.S. Senate Budget Committee (Demo- cratic staff) in 2015 and as a senior economic adviser to Bernie Sanders’s 2016 presidential campaign.
Professor Kelton is Professor of Economics and Public Policy at Stony Brook University. She was previously Chair of the Depart- ment and Professor of Economics at the University of Missouri, Kansas City.
Hillary Rodham Clinton has spent four decades in public service as an advocate, attorney, First Lady, U.S. Senator, U.S. Secretary of State, and presidential candidate.
Hillary Clinton was born in Chicago, Illinois on October 26, 1947. After graduating from Wellesley College and Yale Law School, she began her life-long work on behalf of children and families by joining the Children’s Defense Fund. In 1974, she moved to Arkansas, where she married Bill Clinton and became a successful attorney while also raising their daughter, Chelsea. During her 12 years as First Lady of Arkansas, she was Chairwoman of the Arkansas Education Standards Committee, co-founded the Arkansas Advocates for Children and Families, and served on the boards of the Arkansas Children’s Hospital, and the Children’s Defense Fund.
As First Lady of the United States, from 1993 to 2001, Hillary Clinton championed health care for all Americans and led successful bipartisan efforts to improve the adoption and foster care systems, reduce teen pregnancy, and create the Children’s Health Insurance Program. She traveled to more than 80 countries standing up for human rights, democracy, and civil society. Her speech in Beijing in 1995 – where she declared that “human rights are women’s rights, and women’s rights are human rights” – inspired women worldwide and helped galvanize a global movement for women’s rights and opportunities.
In 2000, Clinton made history as the first First Lady elected to the United States Senate, and the first woman elected to statewide office in New York. As Senator, she worked across party lines to expand economic opportunity and access to quality, affordable health care. After the terrorist attacks of September 11, 2001, she secured funding to rebuild New York and provide health care for first responders who risked their lives working at Ground Zero. She also championed the cause of our nation’s military and fought for better health care and benefits for wounded service members, veterans, and members of the National Guard and Reserves. In 2006, Clinton was reelected to the Senate, winning 58 out of New York’s 62 counties.
In 2007, she began her first historic campaign for president, winning 18 millions votes and becoming the first woman to ever win a presidential primary or caucus state. In the 2008 general election, she campaigned for Barack Obama and Joe Biden, and in December, she was nominated by President-elect Obama to be Secretary of State.
In her four years as America’s chief diplomat and the President’s principal foreign policy adviser, Clinton played a central role in restoring America’s standing in the world and strengthening its global leadership, visiting 112 countries over 4 years, restoring America’s standing in the world. Her “smart power” approach to foreign policy elevated American diplomacy and development and repositioned them for the 21st century – with new tools, technologies, and partners, including the private sector and civil society around the world. She led the effort to impose crippling sanctions on Iran, laying the foundation for a historic agreement to curb its nuclear program, and negotiated a ceasefire between Israel and Hamas that prevented a new war in the Middle East. Across the world, she defended universal values and pushed the frontiers of human rights.
In 2016, Clinton made history again by becoming the first woman nominated for president by a major U.S. political party. As the Democratic candidate for president, she campaigned on a vision of America that is “stronger together” and an agenda to make our economy work for everyone, not just those at the top. She won the national popular vote, earning the support of nearly 66 million Americans.
Hillary Rodham Clinton is the author of eight best-selling books, including her groundbreaking book on children, It Takes A Village (1996); Dear Socks, Dear Buddy (1998); An Invitation to the White House (2000); her memoirs, Living History (2003), Hard Choices (2014), and What Happened (2017); a picture book edition of It Takes a Village (2017); and The Book of Gutsy Women (2019), in collaboration with Chelsea Clinton.
She and President Clinton reside in New York, have one daughter, Chelsea, and are the proud grandparents of Charlotte, Aidan, and Jasper.
Since 1996, Jay R. Ritter has served as the Joseph Cordell Eminent Scholar in the Department of Finance at the University of Florida. He has previously taught at the University of Pennsylvania’s Wharton School, the University of Michigan, the University of Illinois at Urbana-Champaign, and the Massachusetts Institute of Technology’s Sloan School of Management. Prof. Ritter is best known for his articles concerning equity issuance, especially initial public offerings. He has served as a Director of the American Finance Association, and was President of the Financial Management Association for 2014-15. Prof. Ritter is an Associate Editor of numerous academic journals and has over 40,000 citations on Google Scholar. He has also consulted on valuation and market manipulation cases, as well as securities issuance, and is frequently quoted in the financial press. He is a frequent visitor to Asia, Australia, Canada, and Europe. Prof. Ritter received his BA, MA, and PhD (1981) degrees in economics and finance from the University of Chicago.
Earvin “Magic” Johnson is the Chairman and Chief Executive Officer of Magic Johnson Enterprises, an investment conglomerate that provides high-quality products and services that focus primarily on ethnically diverse and underserved urban communities. Having left the basketball court for the boardroom, Johnson parlayed the skills and tenacity he acquired on the court into a winning formula for his successful business ventures.
For the last two decades Johnson has consistently turned heads with his unprecedented partnerships. In his early years as an entrepreneur, he forged an alliance with Sony Pictures to develop Magic Johnson Theatres. In 1998, he teamed with Starbucks to become the only franchisee in the history of the company, acquiring and eventually selling 125 stores in a lucrative move which further solidified his position in the business world. Both ventures served as catalysts for redevelopment in urban communities, and are widely recognized as the corporate blueprint for engagement and success with urban consumers across America.
Still a commanding presence in the sports world, he made history in 2012 when he became co-owner of the Los Angeles Dodgers, a Major League Baseball franchise that was purchased for an astronomical $2 billion dollars. It was the highest purchase price for any professional sports team at the time. He also co- owns the Los Angeles Sparks of the WNBA, Major League Soccer’s Los Angeles Football Club, and eSports franchise Team Liquid.
Johnson continues to expand his influence through a number of other investments. He currently has controlling interests in EquiTrust, a $18 billion financial services company, ASPiRE, an African-American television network, and SodexoMAGIC, a food service and facilities management company.
The Lansing native is constantly evolving and remaining relevant in a dynamic digital age by broadening his scope into infrastructure and technology. Through a newly formed fund, Johnson is investing millions of dollars on infrastructure improvement in the United States. Operating under the philosophy that true success is making others successful, he is one of the leading investors in a number of minority-owned tech companies that include Uncharted Power, a company that uses their renewable kinetic energy solutions to generate clean, consistent, and cost-efficient power for communities, facilities, and the Internet of Things; ShotTracker, a company that makes wearable technology for basketball players that helps track player and ball movement; Jopwell, a diversity and hiring recruiting platform; Walker & Co Brands, a company that develops health and beauty products for people of color; and MiTú, the Latino- fueled media brand and digital network that connects thousands of Latin content creators with viewers around the world. He is deliberate in his investment strategy to bring positive impact to the community.
Jan Sysel is a corporate finance partner resident in Fried Frank’s New York office and co-heads the Firm’s fund finance practice. Mr. Sysel represents sponsors, borrowers, arrangers and lenders on a wide variety of financing transactions primarily in connection with fund formation, as well as leveraged acquisitions, spinoffs, recapitalizations and restructurings, across a broad range of industries. He has extensive experience in structuring, negotiating, documenting and executing complex financings, including syndicated senior facilities, mezzanine facilities and private debt placements. His work includes unsecured and secured first and second lien facilities, both cashflow-based and asset-based, with particular focus on fund subscription facilities and other types of investment fund leverage.
Mr. Sysel previously worked on secondment at Goldman Sachs, where he advised on loan transactions for private wealth management clientele. Prior to joining Fried Frank, he practiced corporate law in the Czech Republic for several years and served in the Czech Army as a staff attorney at the Litigation Department of the Czech Ministry of Defense.
Mr. Sysel received his JD from Charles University Law School (Prague) in 1999, his JSD from Charles University Law School (Prague) in 2002 and his LLM from Columbia Law School in 2005, where he was a Harlan Fiske Stone Scholar. He is admitted to the bar in New York.
Fabrice Guesde took up his role as Head of Global Structured Credit & Solutions (GSCS), Asia Pacific in April 2016. Based in Hong Kong, he is responsible for overseeing the development of Natixis’ structured credit solution offering in the region, including across asset-backed securities (ABS), collateralized loan obligations (CLOs), capital call facilities and fund financings, and a range of bank and insurance regulatory solutions.
Fabrice has over 25 years’ experience. He began his career in 1989 at Manufacturers Hanover Bank (now JPMorgan Chase), based in Paris, and in 1991 joined Bayerische Landesbank, Paris Branch as Head of Credit and then Head of Structured Credit & Syndication. In 1996 he moved to Commerzbank as Head of Corporate Banking and Structured Credits, France, and in 2003 he joined European IT business-to-business service provider Econocom as Group Financial Director. He joined Natixis in 2006 as Head of Commercial Coordination in the Structured Finance and Market platform, and in 2008 was appointed Head of Debt Engineering. In 2011, Fabrice was named Head of Credit & Insurance Solutions as part of the creation of the GSCS business line, subsequently overseeing the setup and development of Natixis’ capital call and fund financing business for Europe.
Fabrice is a graduate of Institut d’Etudes Politiques, Paris, and holds a Master of Law degree from University of Paris II. In addition to French, he speaks English, German and Dutch.
Fiona Chan is a partner in the corporate department, leading the office’s full spectrum of finance, banking, non-contentious insurance, private client and trust, and technology and innovation matters relating to the laws of Bermuda, BVI and Cayman Islands. She is also a member of Appleby´s Global Technology & Innovation Group and Economic Substance focus group.
Fiona has almost 20 years of offshore and onshore experience in the Asian market, half of which was spent in the London and Hong Kong offices of Clifford Chance. She regularly speaks at conferences and contributes to articles and thought leadership pieces prepared by industry journals. She is the editor of the firm’s quarterly publication “Appleby Asia Alert” which provides regulatory updates on Cayman, BVI and Bermuda law and their potential impact to Asian clients.
Fiona was selected as one of the region’s 10 most notable offshore lawyers in Asian Legal Business’ Offshore Client Choice List in 2017, 2018 and 2019.
Mr. Tam joined Hony Capital in 2016 as Managing Director and Chief Financial Officer. Mr. Tam has more than 20 years of experience in providing tax and consulting services for multinational corporations and private equity institutions. He helped local and overseas private equity firms in designing fund structure and tax planning for fundraising. He also helped fund managers, individuals, or institutional investors in tax planning in order to achieve optimal tax effect.
Prior to joining Hony Capital, Mr. Tam was a Tax Partner at PwC.
Mr. Tam received a B.S. in Tax and Accounting at Golden State University.
Ee Fai joined Preqin in 2010. He leads Preqin’s research strategy and manages its operations in Asia Pacific. He is one of the pioneer members of the Singapore team and successfully led the setting up of other offices in Hong Kong, Manila and Guangzhou. He has deep experience in private equity, real estate and infrastructure research. Ee Fai received a BEng in Material Engineering from Nanyang Technological University in Singapore.
Preqin’s multilingual research teams in Singapore and Hong Kong build valuable relationships with industry leaders for primary research, while the Manila and Guangzhou teams focus on secondary research via various public sources.
Jann Perng (“JP”) is an Executive Director in the Financial and Strategic Investors Group (FSIG) in Greater China and North Asia, based in Hong Kong.
Before joining FSIG, he worked in Corporate Finance for more than six years, focusing on sponsor financing and structured lending in Greater China.
Prior to joining Standard Chartered in mid-2011, JP worked in China Construction Bank, Bank of America and KPMG Corporate Finance, where he worked on a variety of transactions including M&A, corporate advisory, leverage and structured finance, special assets and capital markets in Singapore and Hong Kong.
JP graduated with First Class Honours from the London School of Economics and Political Science on a scholarship from Singapore Press Holdings, shortly after which he obtained his CFA charter. He speaks fluent English, Putonghua, Cantonese and basic German.
Danny Song is a Director in China Merchants Bank New York Branch, and is the manager of the branch’s fund finance product line. Since joining China Merchants Bank in 2014, Danny has served in various capacities including coverage of Financial Institutions, Alternative Investment Advisory, Asset Management, and Fund Finance. Prior to joining CMB, Danny worked for Deutsche Bank and KIG Capital Advisors. Danny holds a M.B.A. from New York University, a M.S in Finance from UIUC, a M.A. in Policy Economics from UIUC, and a B.S. degree from the University of St. Andrews.
Emma has 13+ years in Fund Finance in both US and China. She is Head of Private Equity for East West Bank greater China/Asia and specialized in providing customized and creative transactions to private equity firms. Before joining East West, Emma was responsible for developing client relationships and managing a portfolio of private equity firms in US at Comerica Bank’s Boston office for 6 years. Previously, she worked at MUFG’s New York office.
Emma holds a Master’s in Finance from Brandeis International Business School, and a BA from Osaka Prefecture University. Emma is a trilingual, speaking Chinese, Japanese and English.
Terrance Philips is a Managing Director at Citi Private Bank in Hong Kong, acting as the Asia Head of Private Equity Client Coverage. In his role he is responsible for developing relationships with General Partners of Private Equity Firms and their respective Funds across Asia. Philips coordinates with his partners to deliver the Citi Bank platform to the Private Equity asset class to include; Subscription Facilities, Private Banking, Investment Banking and Funds Distribution.
Prior to joining the company, Terrance spent twelve years with Silicon Valley Bank including several increasingly senior positions including cash management advisor, global treasure advisor and Managing Director responsible for the firm’s Global Private Equity Service Group. Philips managed relationships with more than 130 international venture capital firms throughout Asia, Europe, Israel and South America.
In addition, he is an advisor to the board of directors of both the China Venture Capital Finance Organization and the Hong Kong Private Equity Finance Association. Terrance is also a board member of the Children’s Medical Foundation, a Hong Kong based non- governmental organization focused on saving lives of new born babies in rural China. He is a member to the Hong Kong Select USA Committee focused on generating Direct Foreign Investment to the USA.
Philips holds a bachelor’s degree in international business from Pepperdine University, and a MBA from Pepperdine University’s Graziadio School of Business. Prior to Business School, Terrance was also a mentor for BUILD, a nonprofit organization committed to motivating under-resourced high school students to succeed in school and go to higher education by helping them start and run their own businesses.
Charlie Clayton-Payne is a Partner in the Banking and Finance team in our Hong Kong office. He is an international finance specialist with a wealth of experience across industry sectors and geographies in the Asia Pacific region.
He advises onshore law firms, borrowers and financial institutions on a wide variety of structures, including cross-border sponsor backed acquisition financings, capital call facilities, syndicated secured lending, structured lending, leveraged finance, project finance, aviation finance and debt restructurings.
Prior to joining us, Charlie was a counsel in the Hogan Lovells Singapore banking and finance team where he worked for six years establishing a leading banking and finance practice. Before that, he was based in London, where he worked for four years at the heart of the European leveraged loan market.
During his time in Asia, Charlie has spent over a year on secondment at Standard Chartered Bank working with the loan structuring and syndication teams and is consistently ranked in both Chambers & Partners and Legal 500 as a leading finance lawyer in the Asia Pacific region as recognition for the strength of his practice.
Tom is a Partner in the Banking & Finance team at Allens. He has extensive experience advising lenders and sponsors in a range of financings, with particular expertise in funds finance, leveraged and acquisition finance and derivatives.
Tom is recognised as a leading practitioner in the Australian market representing financiers on subscription financing transactions for both domestic and global funds, including Partners Group, Pacific Alliance Group, First State Super, PEP, AMP, Quadrant Private Equity and Next Capital. He is active across the spectrum of funds in the Australian market, being private equity funds, infrastructure funds and offshore funds accessing Australian capital. In 2018, he acted on subscription finance transactions having an aggregate value in excess of A$4 billion.
Client sources in Chambers Asia Pacific 2019 acclaim Tom’s straightforward and frank approach to advice, noting ‘he’s the kind of guy I trust. If he tells me I’m doing something wrong or I’m aggressive, it helps in a commercial context; he’s more like a partner than an adviser.’ In the 2018 guide a client source explained that ‘he’s very open, very direct and will tell you straight if something needs to be discussed – he’s the most direct, commercial and savvy lawyer I know.’
Tom graduated from Cambridge University in 1996.
Goodwin is the Founder and Managing Principal of Gaw Capital Partners, a uniquely positioned real estate private equity fund management company that focuses on markets in Greater China and other high barrier to entry markets globally. Gaw Capital has raised five commingled funds targeting the Greater China and APAC regions since 2005. The firm also manages value-add/opportunistic funds in Vietnam and the US, a Pan-Asia hospitality fund, a European hospitality fund and also provides services for separate account direct investments globally. Gaw Capital Partners has raised equity in excess of USD$13 billion as of 2018 Q3 and currently commands assets of over USD$23 billion under management encompassing residential developments, retails centers, hotels, commercial and logistic properties.
Goodwin has over 20 years of real estate investment and management experience in the United States and Asia. He founded Downtown Properties in 1996 and serves as Managing Principal. He’s especially interested in re-positioning distressed heritage properties. These include the renovation of the iconic Hollywood Roosevelt Hotel and conversion of over 456,000 square feet of empty historical buildings into hip residential lofts in downtown Los Angeles including the acclaimed Douglas Building. He also served as Vice Chairman of Pioneer Global Group.
Goodwin received a BS in Civil Engineering from the School of Engineering at the University of Pennsylvania, a BS in Finance from the Wharton School at the University of Pennsylvania, and a MS in Construction Management from Stanford University.
Jonathan Peiper is a Managing Director & Group Head in Sumitomo Mitsui Banking Corporation’s Subscription Secured Finance Department, which acts as a Lead Arranger and Bookrunner on loans to many of the world’s preeminent private equity funds in the US, Europe and Asia. Mr. Peiper has been originating, structuring, arranging and executing subscription credit facilities and other fund financings for over 15 years and is currently a leader in its global department. Formerly, Mr. Peiper was a member of Sumitomo Mitsui’s Public Finance Department where he focused on providing letters of credit, loans and bond purchases for municipalities, hospitals, not-for-profits, and public and private partnerships.
Neha is responsible for the coverage of Financial Sponsors and Funds in Asia for the Commonwealth Bank of Australia, based out of Hong Kong. Neha has over 15 years of banking experience in both developed and emerging markets having worked in the sector in India, Singapore, the UK and Hong Kong. She has held a variety of cross-functional roles across Institutional and Retail Banking including Financial Institutions Client Coverage, Product and Program Management, and business planning for the CEO of a FTSE 100 bank. She has wide experience in both fund and asset level financing having supported both global and regional Asian sponsors in developing and executing financing solutions. Neha holds an MBA from the Indian Institute of Management and B.Com (Hons) from Delhi University.
James, who specialises in Cayman Islands and British Virgin Islands (BVI) law, advises on a wide range of debt transactions, including acquisition and leveraged finance, real estate finance, fund finance, margin lending, structured finance, bond issuances, distressed debt, security enforcements, work-outs and debt restructurings. In addition, he acts on corporate transactions, including on all downstream private equity deals, investments, mergers and acquisitions, joint ventures, shareholder arrangements and corporate restructurings.
Prior to joining Carey Olsen, James was a partner in the Hong Kong office of another leading offshore law firm, where he worked on many of the largest regional transactions. He has previously lived and worked in both the Cayman Islands and BVI for nearly five years. Before moving offshore, James started his legal career with Allen & Overy, and spent nearly a decade working in its London and Singapore offices.
George Jovanoski is a Vice President and Senior Client Executive at Sumitomo Mitsui Banking Corporation in New York. George is responsible for the origination & structuring of fund finance facilities for private equity, real estate, infrastructure, and private debt managers globally, primarily as lead arranger & bookrunner. He also shares responsibility for coverage of financial sponsors across SMBC’s global franchise. George has extensive experience in structuring subscription secured, hybrid and NAV facilities, as well as fund-level FX solutions.
Prior to SMBC, George worked at Westpac Banking Corporation, where he spent five years in the financial institutions group in New York and helped establish Westpac’s subscription finance business. Before moving to New York, George spent three years in Westpac’s restructuring & insolvency team post the global financial crisis. George has also worked at UBS in the Investment Banking Department in Australia and has deal experience in real estate finance, project finance, and leveraged finance.
George holds a Bachelor of Science (Chemistry, Physics) from The University of Sydney, and is an Executive MBA Candidate at Columbia Business School, where he is part of the Private Equity Fellows Program and serves on the Executive MBA Advisory Board.
Omar is a managing director in the Merchant Banking Division (MBD) in Capital Markets. He is responsible for global fund financing for MBD and leads capital raising activities in the Asia Pacific region.
Prior to assuming this role in 2016, Omar served as head of the US CLO New Issue Business. Omar was based in London from 2012 and headed the European effort on financial institution solutions for credit and mortgage products, and he was head of the Mortgage desk in Asia Pacific from 2005 to 2012. Before that, Omar worked on the Structured Product Syndicate desk in New York before setting up the department’s desk in Tokyo in 2005. He joined Goldman Sachs in 2000 in the Investment Banking Division, where he worked on structured finance solutions for the firm’s clients until transitioning to the Securities Division. Omar was named managing director in 2008.
Omar earned a BS in Business Administration from the Carroll School of
Management at Boston College in 2000.
Jean Woo is a partner in the international finance department in the Singapore office of Ashurst. She has over 15 years of international banking and finance experience across London and Singapore. Her practice includes all aspects of structured finance such as acquisition finance, fund finance, structured trade and commodities finance, telecoms financing as well as restructurings. She has considerable experience acting for banks / financial institutions in the development of new banking products including those relating to fintech and supply chain financing. Jean is qualified as a solicitor in England and Wales and a solicitor and advocate in Singapore.
Albert Tan is a Partner and Co-Head of the Global Fund Financing Group with Haynes and Boone, LLP. Additionally, he serves as a member of the firm’s Board of Directors, Partners Compensation Committee and Strategic Growth Committee. During his career at the firm, among his lending transactions, he has represented investment and commercial banks, as agents and arrangers in more than $60 billion of subscription secured credit facilities to Asia, US, Europe, Latin America and global real estate, infrastructure, debt, buyout and energy private equity funds, including some of the first real estate private equity funds in Japan, Greater China, Singapore and Korea and some of the largest global infrastructure funds and Asia-focused buyout funds. From 1997 to 2000, while on a secondment from Haynes and Boone, Albert was based in Hong Kong and served as Chief Counsel of Greater China for Caltex Corporation, a wholly-owned subsidiary of ChevronTexaco, overseeing all legal affairs for Greater China. Albert has made presentations sponsored by PERE – Asia, Japan and North America, PEI-COO & CFO Forum, PEI-Global Alternative Investment Forum, Institutional Real Estate, Inc., PrivCap, Asia Law and Practice, Fund Finance Association Global and Asia Fund Finance Symposiums, Texas A&M University of School of Law, and Southern Methodist University Cox School of Business; and is recognized as a Leading Practitioner for International Private Equity by Euromoney Expert Guide and as a Trailblazer in Finance, Banking & Capital Market by the National Law Journal. Albert received his JD and LLM from Southern Methodist University and Georgetown University; and speaks English and Chinese (Mandarin).
Pierre Maugüé is a partner in the Finance Group at Debevoise & Plimpton.
Mr. Maugüé brings a global perspective to his work, having lived and worked in Asia, Europe and the United States. He joined Debevoise in 1999 in the firm’s Hong Kong office. He relocated to the New York office in 2002 before moving to London in 2014.
Mr. Maugüé has been recommended by The Legal 500 UK every year since relocating to London, and was previously recommended in The Legal 500 US. The guide has described him as “a trusted adviser who helps clients achieve goals in the most efficient manner”. Mr. Maugüé is also recommended as a leading lawyer by IFLR1000 (2019) and Chambers UK (2019).
Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.1 billion, a Basel 3 CET1 Ratio(1) of 11.5% and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise – without phase-in. See note on methodology in the 2Q19 earnings material.
Figures as at 30 June 2019
F. William Reindel is a partner in the Corporate Department and the Finance Practice at Fried, Frank, Harris, Shriver & Jacobson LLP. Mr. Reindel is a resident in Fried Frank’s New York office. He Joined the Firm in 1978 and became partner in 1986.
Mr. Reindel 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.
Additionally, Mr. Reindel’s practice includes advising sponsors, borrowers and lenders on syndicated senior facilities, second lien facilities, US and European mezzanine financings, private placements and commodities hedge financings.
Mr. Reindel is consistently recognized by Chambers Global: The World’s Leading Lawyers for Business and Chambers USA: America’s Leading Lawyers for Business as a leading individual in Banking & Finance. He is also consistently recognized by Legal 500 in Finance: Bank Lending.
Mr. Reindel received his JD from the University of Minnesota Law School in 1978, where he served as an editor of the Law Review. He received his BA, magna cum laude, from Amherst College in 1975, where he was elected to Phi Beta Kappa. He is admitted to practice in New York.
Doos Choi is a partner and member of the global fund finance practice at Mayer Brown. He has a wealth of international experience in banking and finance gained across three continents having worked in London, Sydney and Hong Kong across a wide range of products including capital call financings, representation of funds and lenders in sponsor-led transactions relating to leveraged and acquisition finance loans and, loan-to-own financings and distressed portfolio sales and work-outs. Doos’ experience spans numerous sectors including fund finance, real estate, healthcare, financial services, oil & gas, retail, IT, consumer services, automotive, mining, gaming and insurance. Doos advises banks, financial institutions, debt and private equity funds and corporates on complex multi-jurisdictional, multi-tiered, full and limited recourse financings. He speaks English and Korean.
Allen & Overy is an international law firm founded in 1930 and a strong and forward looking organisation. Our 2,300 lawyers in over 40 offices worldwide serve businesses, financiers and governments whenever there is a need for decisive legal advice involving complex transactions. Through our international network of offices, we are well placed to respond quickly and effectively on a co-ordinated worldwide basis.
Our global fund finance practice advises banks, agents, alternative lenders, funds and investors on legal, regulatory and tax matters. We offer expertise in the key regions, with teams across the U.S. and UK, Luxembourg, the Middle East, Asia and Australia and other key financial centres. Our funds specialists have experience across the full spectrum of the fund finance spectrum, including traditional capital call and subscription credit facilities, asset backed facilities (NAV based), hybrid facilities, open-end fund facilities, GP facilities, HNW facilities and umbrella facilities and as a result have a deep understanding of how funds operate. Working as an integrated team with our specialist lawyers in our fund formation, regulatory, real estate and tax teams, we can offer our clients commercial advice on all legal issues relevant to all parties in fund finance transactions.
David Azcue is Counsel in the Firm’s Asia Private Funds Practice and is based in Tokyo, where he co-heads the Firm’s Private Funds Practice in Japan. He has spent most of the past 30 years in Japan, the last 13 focused exclusively on private funds matters.
David’s practice focuses on advising fund sponsors in connection with all aspects of fundraising across a broad range of strategies, with particular focus on structuring and marketing of Japan-focused buyout funds. He also advises sponsors on structuring, financings, operations and other related matters. He represents many of the leading sponsors and asset managers in Japan, and is praised for his ability to merge global first in class expertise with Japan-specific knowledge and insight. David has been recognized as a leading private funds lawyer by various authorities including Chambers Asia-Pacific and Who’s Who Legal.
Patrick is a Partner based in Allen & Overy’s Hong Kong office. He has experience in a wide range of banking and finance transactions including bilateral and syndicated corporate lending, acquisition financings, fund financings, equity margin financings, pre-IPO investments and other event-driven financings. Patrick regularly represents banks and non-bank financial institutions on structured cross-border financings in the Asia Pacific region. From 2010 to 2014, Patrick was a legal counsel at Deutsche Bank partnering with the business to manage risks and produce tangible solutions on a range of debt products offered by the Structured Finance team. Patrick speaks Mandarin, Cantonese and English.
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.
Marius is ING’s Head of Non-Bank Financial Institutions Asia (NBFI) and Head of Financial Sector Lending Asia (FISLA). The FISLA team includes ING’s subscription and fund financing business while the NBFI team is responsible for the overall coverage of asset managers, sponsors, insurers, securities companies, pension funds and SWFs in the region
Marius has been with ING for 16 years in Europe and Asia where he has held various structuring, lending and origination roles and previously worked in Deloitte’s international tax structuring practice in Europe. He holds an LLB and LLM from the University of Amsterdam and an MBA from Georgetown University.
Shirleen has broad experience of debt financing transactions and specialises in advising lenders and borrowers in relation to Cayman Islands and British Virgin Islands law aspects of fund finance, leveraged and acquisition finance, real estate finance, asset finance, structured finance, project finance, margin lending and general corporate lending. Shirleen regularly acts for the most active lenders and sponsors in the market as well for regional and global private equity, debt and real estate funds as borrowers of fund financing products. Shirleen worked in Walkers’ Hong Kong office for five years before moving to the Singapore office in September 2017.
Chiwu Park is the Head of SAIM’s Real Estate and Structured Finance team, which is one of the leading Korean Alternative Asset Managers based in Seoul. Equipped with a clear mission statement of becoming Korea’s Top Capital Exporter, his team actively invests in overseas real estate, real estate debt, and structured finance products. In order to meet Korean institutional investors’ demand for credit-enhanced debt products, SAIM has proactively expanded its business to Fund Financing in 2018 which was the first Fund Finance product introduced in Korean Non-Banking debt market. Currently, SAIM manages around $1.4bil of fund financing assets for its key investors.
Before joining SAIM, he worked for Korea Exchange Bank, SMBC and KTB AMC in cross-border finance and real estate. Chiwu Park holds Bachelor’s Degree in Sociology from Seoul National University.
John Cahill is the head of the Real Estate Finance practice group of Paul Hastings. Mr. Cahill divides his time between Hong Kong and New York. He has extensive experience working with clients throughout the United States and Asia, including Hong Kong, India, Japan, Singapore, Taiwan, China, and Korea. Mr. Cahill represents major financial institutions, private equity funds and other institutional investors, in complex domestic and cross-border commercial transactions. His practice has concentrated on the representation of investment banks, insurance companies, private equity funds, development companies, other types of institutional lenders and venture capital firms in the formation of real estate private equity funds and raising equity and debt for such funds. Mr. Cahill represents many investment banks, private equity funds and other institutional investors who are focused on structured finance transactions, including, without limitation, commercial mortgage backed securities, A/B note structures, repurchase agreements, corporate credit facilities, subscription lines of credit, mezzanine finance transactions, preferred equity investments, convertible debt transactions and commercial loans. In connection with his representation of private equity funds, venture capital firms and pension trusts, Mr. Cahill has done numerous joint ventures for the acquisition financing and development of commercial real estate projects in the U.S. and Asia with an emphasis on hotels and resorts. Mr. Cahill is admitted in New York and Hong Kong.
Robert specialises in balance sheet management for Financial institutions, including capital management, risk management and asset-liability management. Robert focuses on FI regulatory and industry developments spanning Banks, Insurers and other non-bank FIs (e.g. fund sponsors, Leasing cos, etc) in Europe and APAC; and the application of Financial products, including capital markets, derivatives, payments and financing; to solve for the objectives of FIs. Prior to ANZ, Robert spent 16 years in the FI business in Asia, including roles in Risk management in ABN AMRO, Risk management Advisory in PwC Financial Risk Management unit advising on Basel II implementation; FIG specialist in JPMorgan focused on balance sheet management and providing derivative and capital market solutions to FI clients, FIG Solution sales in UBS and the Boston Consulting Group in FI business and operating strategy advisory. Robert has a MSc (Operations Research & Management) from the University of Amsterdam.
Yemi Tépé is a partner in the Finance and Projects Group of Morrison & Foerster, based in the Singapore office. She specializes in domestic and multi-jurisdictional acquisition and leveraged finance, public to private takeovers, real estate finance, debt structuring and restructuring, syndicated lending and subscription line financing.
Yemi advises leading international banks and financial institutions, major corporates, private equity sponsors, alternative financiers such as hedge funds and asset managers, as well as emerging growth, mid-cap, and large public and privately held companies. Her practice extends across various sectors including technology and telecoms, banks, private equity, life sciences, F&B, education, energy and power, mining and resources, oil and gas and real estate. Yemi has extensive experience on significant and high profile transactions globally including in Singapore, Japan, Korea, Thailand, Indonesia, Vietnam, Malaysia, Hong Kong, the U.S., and across Europe.
Yemi is praised by clients as a “high quality” practitioner with “a lot of transactional experience and knowledge”. She is considered “a very safe pair of hands” who is “extremely commercial and user-friendly”, “methodical in her work process and extremely responsive”, “very reliable, and never puts a step wrong” and whose “expertise blew everyone’s socks away.”
Danielle is a Partner in Mourant’s Banking and Finance team in Hong Kong, having practiced in Asia for over 13 years. She advises on a broad spectrum of cross-border transactions, including asset finance (with particular expertise in aviation and shipping finance), fund financing, acquisition and leveraged finance, debt restructurings, project finance, FinTech and general corporate lending.
In fund financing, she regularly represents investment and commercial banks as well as fund sponsors on subscription credit facilities. She is also on the steering committee for the Fund Finance Association’s symposium for Asia, and is the co-chair of Women in Fund Finance in Asia.
Eugene Min is Blackstone’s Head of Business Finance for Asia. Since joining Blackstone in 2018, Mr. Min has been leading the Business Finance team members in Hong Kong, Singapore, Tokyo and Mumbai to support the Real Estate, Private Equity and Tactical Opportunities businesses. Before joining Blackstone, Mr. Min worked at CLSA Capital Partners, a multi-strategy alternative investment platform, as their Chief Financial Officer and a member of the management team where he was responsible for the platform’s finance, tax, reporting, valuation and corporate planning functions. Prior to that, Mr. Min spent 13 years at J.P. Morgan Asset Management in their Global Real Assets Group initially based in New York and subsequently relocated to Hong Kong to help launch their Asian Infrastructure investment platform. Prior to that, Mr. Min worked at Ernst & Young in New York.
Andrew Hutchins covers a wide range of bank lending areas, including acquisition finance, syndicated lending, funds financing, structured lending and restructuring.
Adam Furber is a Partner in Simpson Thacher’s Hong Kong office and the head of the Firm’s Asia Investment Funds Practice.
Adam has been recognized as a “Global Elite Thought Leader” in fund formation by Who’s Who Legal Global Elite 2019. According to Who’s Who Legal, “Thought Leaders” are individuals who received the most nominations from peers, corporate counsel and other market sources, and are identified as “truly outstanding practitioners and the very best in their field.” Adam has also been recognized as a leading funds lawyers by Chambers Global, Chambers Asia-Pacific, Legal 500, and IFLR1000. Simpson Thacher’s Asia funds practice has won numerous awards, including “Investment Funds Firm of the Year” at the 2019 and 2017 Asia Legal Awards and 2019 Asia Legal Business Japan Awards, and “Asia Fund Formation Firm of the Year” by Private Equity International.
Adam’s recent experience includes the representation of Advantage Partners, Affinity Equity Partners, Aspirant, Blackstone, Carlyle, CLSA, Delos, EmergeVest, Hillhouse, Integral, J-Star, KKR, Morgan Stanley, PAG, Polaris, Unison, Yunfeng and Zebra Global.
Adam holds a J.D. from the University of Minnesota Law School and a B.A. from Colby College. Adam has been based in Asia for more than 15 years, prior to which he was based in New York. He has lived in Brazil, China and Germany, and has basic Mandarin skills and is fluent in Portuguese and German.
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 52,000 employees offer retail and wholesale banking services to customers in over 40 countries.
In Asia Pacific, ING offers wholesale banking across 14 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, Malaysia, Mongolia, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
ING offers both retail and wholesale banking services in Australia. The bank also started its digital banking platform in the Philippines in 2018. ING’s regional presence includes a 13% stake in Bank of Beijing, China and a 30% stake in TMB in Thailand.
Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.1 billion, a Basel 3 CET1 Ratio(1) of 10.6% and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise – without phase-in .
Figures as at 31 March 2019
Mike Mascia is Co-Chair of Cadwalader, Wickersham & Taft’s Finance Group and a member of the firm’s Management Committee. He has a globally recognized fund finance practice, having represented lenders in subscription credit facilities to real estate and private equity funds sponsored by many of the world’s preeminent fund sponsors. He has been lead counsel on numerous hybrid facilities, and is one of the few attorneys in the United States with experience in both subscription credit facilities and CLO’s. Mike represents lenders on leverage facilities to secondary funds and other credits looking primarily to fund assets or NAV for repayment. Mike is the founder of the annual Global Fund Finance Symposium and he is a founding member and the Secretary of the Funds Finance Association.
A deep bench of lawyers who regularly handle complex, challenging and significant financing transactions. We work across practices and offices globally to offer seamless client service, and clients benefit from our reputation as experts in understanding the financial markets, both local and cross-border.
MoFo structures bespoke financings across the capital structure that do not have off-the-shelf-solutions. We know the pressure points from a commercial and legal perspective and how to manage and negotiate with the various stakeholders. We help our clients to overcome potential impediments and to calibrate transactions tailored to their business and strategic needs.
Clients take advantage of the knowledge and expertise of our Finance and Projects team, across a wide variety of practices, including subscription line finance, acquisition and leveraged finance, financing tender offers and take-privates, pre/post IPO finance, margin lending, business restructuring and insolvency, derivatives and structured products, project finance, real estate finance, securitization, fund formation and tax.
Bronwen is a partner at Reed Smith in London, a member of the Reed Smith Financial Industry Group and co-heads their Funds Financing Team in London. She acts for banks and other financial institutions, sponsors, general partners and fund managers on a range of fund finance matters including capital call facilities, NAV and asset backed facilities, hybrid facilities and general partner/co-investment facilities.
Mr Cunningham has overall responsibility for all matters relating to accounting, financial control, taxation, fund administration and reporting and regulatory compliance for the Helios group entities. An experienced private equity finance and administration executive with 32 years in the industry, he served as Chief Financial Officer and Chief Operating Officer for Barclays Private Equity (“BPE”) for six years prior to joining Helios in May 2008, and previously as Director, Head of Finance & Product Control Projects at Barclays Capital. His responsibilities included the reporting and administration of various managed funds as well as internal reporting / administration for BPE’s proprietary business. Mr Cunningham is Chairman of the International Private Equity and Venture Capital Valuation Guidelines (“IPEV”) Board. Prior to joining Barclays, he worked within the finance functions of various major investment banks, including Deutsche Bank and Credit Suisse, since qualifying as a Chartered Accountant with Ernst & Whinney in 1989. He graduated with a BS (Hons) in Mathematics from Imperial College.
Kim joined CBA in 2009 and manages CBA’s European Funds business. Her primary focus is origination and execution of fund finance transactions, hedging solutions and co-ordination of the Bank’s broader relationships with Financial Sponsor clients across the spectrum of alternative asset classes. Kim holds a BSc in Business majoring in Accounting and Banking.
Keith joined InfraRed in 2007.
Keith is currently responsible for managing the financial activities of HICL Infrastructure PLC, fund manager for the Yield Fund and portfolio management across InfraRed’s various infrastructure funds. His work includes fund management, transaction structuring, portfolio valuation, portfolio enhancement, investor meetings and financial reporting, as well as an involvement in capital raising.
Before joining InfraRed he was at John Laing plc for 5 years, latterly as portfolio director responsible for acquisitions and portfolio management, serving on the investment committee. Keith has a background in corporate finance and project finance, with over 20 years’ experience in infrastructure investments, which has included structuring new projects, restructurings, refinancings, acquisitions, disposals and asset management.
Keith has qualified as a chartered accountant at PwC and graduated with a first class honours BSc in mathematics from Durham University.
Christopher is a Partner in Mourant’s 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.
George has been at Citi for over 14 years and has worked on arranging some of the largest syndicated facilities in the European subscription facility market. Prior to leading the EMEA Subscription Finance business, he was responsible for general asset backed lending across a number of different asset classes including commercial real estate, art, aircraft and marketable securities. George started his Citi career in New York structuring corporate loan facilities for law firms. George has a first class honours degree from Manchester University.
Mr. Buck is Senior Director of European Investments. Prior to Clarion Gramercy, he worked in the investment team at the UK opportunistic real estate fund manager Brockton Capital where he split his time between acquisitions and asset management activities. Before Brockton, Mr. Buck worked as an investment professional for Doughty Hanson Real Estate (DHRE), the pan-European opportunistic real estate investor. Mr. Buck started his career in the Real Estate Gaming and Leisure (REGAL) corporate finance team at Deutsche Bank AG. Mr. Buck has a BA from the University of Pennsylvania.
Victoria Stewart is part of the Partners Group Structuring business unit, based in Zug, Switzerland. She has been with Partners Group since 2011 and has 16 years of industry experience. Prior to joining Partners Group, she worked at Burness LLP (now Burness Paull LLP). She holds a bachelor’s degree in law, a master’s degree in management and a postgraduate diploma in legal practice from the University of Aberdeen, UK and a master’s degree in international business law from the University of St Gallen, Switzerland. She is also admitted as a solicitor in Scotland and as a solicitor of the Senior Courts of England and Wales and is a registered notary public in Scotland.
Partners Group is a global private markets investment manager, serving over 850 institutional investors. It has USD 83 billion in assets under management and more than 1,200 professionals across 20 offices worldwide. Partners Group realizes potential in private markets by financing and developing great companies, desirable real estate and essential infrastructure. Partners Group create value in its investments through active and long-term responsible ownership.
Robert is the Managing Partner of Mourant’s London office and specialises in all areas of corporate, banking and finance work. He has established corporate finance and financial regulatory practices, and regularly advises on the establishment and operation of investment funds in the Cayman Islands. Before joining Mourant Ozannes, Robert worked at Walkers and at Slaughter and May in London. Legal 500 UK, 2015, recommends Robert and describes him as ‘commercial, bright and unfailingly courteous’.
Macquarie is a diversified financial group providing clients with asset management and finance, banking, advisory and risk capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs more than 15,500 people in over 25 countries. At 31 March, 2019, Macquarie had assets under management of $A542.7 billion. The diverse nature of our operations combined with a strong capital position and robust risk management framework, has attributed to our 50-year record of unbroken profitability.
Mr. Weber joined OGAM in its London office in 2012 as a principal and Head of Structuring. His primary responsibilities are transaction origination and structuring, and oversight of the firm’s European operations. Prior to joining OGAM, Mr. Weber had his own consulting business between 2011 and 2012, advising the Administrators of MF Global UK Limited (in special administration) and certain creditors of Lehman Brothers Finance S.A. From 2008 to 2011, Mr. Weber headed the European Capital Markets and Derivatives unwind team for Lehman Brothers Holdings Inc. Prior to that, he was a Managing Director at Lehman Brothers in London. From 2004 to 2007, Mr. Weber was a Managing Director at RBS, where he built the firm’s global fund derivatives business. Mr. Weber started his career at JPMorgan as one of the original members of the firm’s structured credit business. He holds a BA (Hons) from Colby College in Economics and Mathematics, an MBA from the University of Pennsylvania’s Wharton School and an MSc in Agricultural Economics from the University of London. Mr. Weber is a CFA Charterholder and a Member of the Board of Visitors at Colby College.
David Wasserman is Managing Director and Heads the Subscription Secured Finance business for Morgan Stanley. Mr. Wasserman’s department is responsible for the origination, structuring, syndication and servicing of Subscription Facilities to Private Equity Funds across all alternative asset classes.
Previously, Dave worked at SMBC for 14 years and was the Global Head of Subscription Finance. At SMBC he had lent to real estate, infrastructure & energy, buyout, and credit funds with operations in Asia, Australia, Europe, and the Americas. Mr. Wasserman has been previously with Bank of America and PwC.
David has a B.S. in Applied Mathematical Economics from SUNY Oswego and a MBA and Masters of Quantitative Finance from Rutgers University.
Daniel joined Macquarie Asset Management in April 2016. Daniel completed his training contract at Clifford Chance and qualified as a solicitor into their Private Funds department, where he remained for four years. His role at Clifford Chance included advising investment managers and investors on the establishment and offering of private funds, co-investment arrangements and separate accounts. Since joining Macquarie, Daniel has worked in the legal team of Macquarie Asset Management, providing legal support to the Macquarie Investment Management and Macquarie Infrastructure Debt Investment Solutions businesses. His area of expertise includes fundraising, fund structuring and distribution.
Thomas Rapp is a Managing Director in Wells Fargo’s Asset Backed Finance unit in London where he focusing on origination and structuring of Fund Finance Facilities in Europe.
The Subscription Finance Group focuses on providing liquidity and fund-level leverage to Private Equity funds across a number of strategies (including buyout, real estate, energy, infrastructure, secondaries, debt strategies and transportation) and jurisdictions (UK, Luxembourg and Channel Islands).
Before joining Wells Fargo as part of the acquisition of WestLB’s platform, Thomas was an Executive Director at WestLB’s London Fund Finance team where he structured Subscription Finance facilities since 2008. Prior to this, Thomas was a Senior Risk Officer for Leveraged Finance and Media/Entertainment and Telecom Structured Finance in WestLB’s New York branch for 4 years. He previously held various positions at WestLB in Germany and started his career with a 2-year Traineeship at Deutsche Bank. Thomas received a Diplom Kaufmann degree in Economics from the University of Kiel (Germany).
Tim Hames has been Director General of the British Private Equity and Venture Capital Association (BVCA) since May 2013. He was previously Deputy CEO and Director of Policy at the organisation. His first career was as an academic at Oxford University where he was a Lecturer in Politics, having previously been an undergraduate and graduate student at the university. He specialised In American Government and also taught British Government and Politics. He has almost thirty publications in various books and scholarly journals on American and British public policy. In 1996 he became a journalist at The Times where he was ultimately the chief editorial writer, a political columnist, an Assistant Editor and edited the newspaper as a whole on numerous occasions. In 2009-2010 he was the first Special Adviser to the Speaker of the House of Commons and responsible for pursuing a wide-ranging programme of parliamentary reform. He came to the BVCA as then Head of Public Affairs, Communications and Campaigns in July 2010. Tim is an Honorary Visiting Fellow of De Montfort University and a Fellow of the Institute of Travel and Tourism.
The BVCA has approximately 500 members evenly divided between practitioners and advisory firms. It is responsible for the representation of the private equity and venture capital sectors to ministers, their shadows, other parliamentarians, officials, regulators, the media, other members of the business community, other stakeholders and society at large. It has extensive public policy, research and communications networks and activities. It works very closely with the EVCA and has ties to more than 25 other equivalent trade associations throughout the world. It also seeks to have deep roots in the whole of the British business community and not just London. It currently employs just over thirty full-time staff, evenly divided between membership services and external advocacy.
Amira Hajili heads the European Fund Financing: Equity Bridge and Hybrid Financing business at Natixis. Prior to joining the Global Structured Credit and Solution Group at Natixis, she worked in Debt Solution Group at Natixis covering Structured Finance Solutions. She has also an academic background as a Professor Associated in the CNAM-Art et Métier and before at the University of Paris 2 Pantheon Assas.
Amira Hajili, is a PhD on Quantitative Finance.
RBS International provide banking services to the alternative investment funds industry, building long-term, collaborative partnerships with fund managers and administrators, investment advisors and other service providers. We take a consultative approach, applying sector insight to tailor solutions to your needs. The strategic and executional capabilities of our people are complemented by eQ, our smart, multicurrency banking platform.
Website – www.rbsinternational.com
Content live – https://rbsinternational.contentlive.co.uk/
Alex is a Partner in our Cayman Islands Corporate and Finance practice and specialises in banking and finance work.
She frequently advises many of the world’s leading finance institutions and private fund sponsors on the structuring and execution of finance transactions involving secured lending to Cayman Islands companies, partnerships and unit trusts (including hedge funds and private equity funds). She has extensive experience on fund finance matters.
Before joining Mourant, Alex was Partner at another offshore law firm in the Cayman Islands for 12 years. Prior to moving offshore, she worked at Bingham McCutchen LLP in London.
Shani (re)joined ANZ in 2014 and has responsibility for managing the banks relationships with European Alternative Asset Managers. This includes provision of fund financing facilities and hedging solutions, as well as supporting her clients broader requirements across the Asia Pacific region.
Shani has 18 years banking experience, focussed primarily on Financial Institutions across Relationship Management, Equity Capital Markets, Strategy and Risk Analysis. She joined ANZ from Lloyds Bank’s Financial Institutions team and prior to Lloyds, was based in Australia working for ANZ.
Huw is a founding partner of TransAtlantica Partners, a relationship driven boutique corporate and political advisory company.
A former world championship athlete and University of London graduate he has more than 35 years of multi-disciplines within global international finance. Starting out in pre big bang in London Huw has lived, worked and spent significant time in many of the world’s major financial centres, including London, Tokyo, New York, Hong Kong, Singapore and Los Angeles developing expertise in a diverse range of areas including asset management, film and entertainment finance and business start ups and strategies.
Based on his expertise in the underlying structural flaws within the Euro Zone and the catastrophic road ahead for the EU post Brexit, has ensured he is a staunch advocate of the UK leaving the EU in short order.
John Mann MP was first elected as Labour Member of the UK Parliament for Bassetlaw in June 2001.
The campaigns and the issues that he has raised in Parliament are in direct response to concerns that have been raised by Bassetlaw residents. This has led to John running high profile campaigns for example, on consumer debt and heroin and treatment for addiction. He has run successful campaigns to keep his local hospital open, and more recently highlighted the problems surrounding sexual harassment and assault in Parliament.
Before entering Parliament, he worked for the Amalgamated Union of Engineering Workers (AEEU), the TUC and TULO. He is a former Chair of Labour Students and just prior to his election he was involved in running the family business.
John was re-elected to the highly influential Treasury Select Committee in September 2017 and currentlyChairs the Treasury Sub-Committee. In a previous period on the committee, he led the campaign for more transparency in the consumer credit industry. John has also been Parliamentary Private Secretary to Minister for the Olympics Tessa Jowell, and for Richard Caborn, then Minister for Sport.
Since 2005, he has been Chair of the All- Party Parliamentary Group Against Antisemitism, supported by the Antisemitism Policy Trust. John has commissioned two major All-Party Inquiries into Antisemitism and a further inquiry into Electoral Conduct. In 2010, he Chaired the Football Association’s Task Force on antisemitism and Islamophobia in football. In May 2009, John received the American Jewish Committee’s (AJC’s) Jan Karski Award in recognition of his commitment and work in fighting antisemitism. In 2008, John established the Inter-Parliamentary Coalition for Combating Antisemitism (ICCA) which he now Chairs.
Kate Hoey has been the Labour Member of Parliament for Vauxhall in London since a by-election in 1989. Born in Northern Ireland she worked in Education and was the education adviser to Arsenal Football Club before her election.
After serving as a Minister in the Home Office in the Blair Labour Government she was appointed the first female Sports Minister in the UK.
An independent minded MP kate campaigned for the UK to leave the European Union.
In October 2017 Ben joined MUFG Investor Services as Global Head of Fund Financing, based in London. He leads the fund financing team globally focusing on the financing needs of clients. This includes originating and structuring solutions for funds of hedge funds via credit facilities and private equity, real estate, debt and infrastructure funds via subscription lines of credit, and FX lines for feeder funds of hedge funds.
Before joining MUFG Investor Services Ben was Managing Director and CEO of Citco Financial Products, managing all aspects of the CFP FCA regulated business covering Front Office, Operations, IT, Risk and Legal whilst driving the development of the business both internally within Citco and externally with clients and funding providers. Prior to becoming CEO, Ben was Head of Front Office globally for Citco Financial Products encompassing structuring, sales & marketing and relationship management for credit facilities, FX execution and hedging calculation to hedge fund investor clients (Fund of Funds, Family Offices & Institutional), building out of new business lines within Citco including lending and Passive FX Hedging Calculation services.
Ben has over fifteen years experience in the Banking & Finance industry developing sales, marketing and structuring across a wide range of products.
Prior to Citco, Ben worked on the Fund Linked Products desks of Bank of America and Societe Generale.
First elected as Member of Parliament for the Ribble Valley in 1992, Nigel Evans currently holds a majority of over 13,000.
Nigel is currently the Vice-Chair of the International Trade Committee and is a member of the International Development Committee, where his role is to scrutinise the work of DfID and the Department for International Trade.
In addition to this, Nigel is the Vice-Chair of the British Group of the Inter-Parliamentary Union; a parliamentary organisation which fosters bilateral relations between parliaments across the globe. Heis also the Co-Chair of the UK-Taiwan Friendship Group in parliament.
In addition he is co-secretary of the influential 1922 Back Bench Committee and heavily involved in the process and over-seeing the Parliamentary Party protocols of the election of the new Prime Minister.
Nigel acted as parliamentary coordinator of the ‘Vote Leave’ campaign during the 2016 EU Referendum.
Ms. Ambrose is Head of Legal for Europe at CVC Credit Partners in London. Prior to joining CVC, Ms. Ambrose worked at BlackRock in the Private Funds and Transactions group in both the New York and London offices as Director and Senior Legal Counsel. Prior to BlackRock, Ms. Ambrose was as an Associate at Skadden, Arps, Slate, Meagher & Flom LLP in New York. Ms. Ambrose has a B.A. from Columbia University and a J.D. from Vanderbilt University Law School.
Ron D. Franklin is co-head of the Firm’s Global Finance Group and leads the Fund Finance practice. He is widely regarded as a leading transactional lawyer who has successfully leveraged his in-depth business acumen to build an active practice focused on finance and corporate matters.
Ron advises clients across a broad spectrum of finance issues, including secured and unsecured lending transactions, fund financings, domestic and cross-border acquisition financings, project financings, workouts, restructurings and general banking concerns. He also counsels corporate clients regarding stock and asset acquisitions, contract negotiations, and general corporate matters.
Kathryn Cecil is a partner in the Finance Practice at Fried, Frank, Harris, Shriver & Jacobson LLP, resident in their London office. She joined Fried Frank in 2019 having previously worked at a large international law firm. Her practice primarily focuses on fund financing and leveraged finance.
Ms. Cecil advises private equity sponsors, investment banks, funds and public and private companies on a wide range of domestic and cross-border finance transactions across all levels of the capital structure. Her work includes structuring, negotiating, documenting and executing complex financings, both cashflow-based and asset-based facilities, with a particular focus on fund subscription facilities, NAV and hybrid facilities, and other types of investment fund leverage. Kathryn also advises on leveraged and acquisition financings, mid-market and direct lending leveraged transactions and financial and debt restructurings.
Ms. Cecil previously worked on secondment at Goldman Sachs, RBS and Société Generale.
Tina is a partner in the Cayman Islands office of Maples Group and is head of the firm’s fund finance group there. She specialises in fund finance transactions and has extensive experience in all aspects of fund finance, banking, derivatives and securitisations. She represents hedge funds, private equity funds and large bank syndicates on lending transactions, bank products, deal structures and on all types of secured transactions. Tina advises a large number of international associations and financial institutions on derivatives and issues surrounding related collateral packages in the context of insolvency in the Cayman Islands. She also has significant experience of general corporate and commercial matters and the establishment of offshore investment funds.
Tina joined Maples Group in 2005 and was elected as a partner in 2012. She previously worked for Lovells LLP where she completed a secondment to Citibank. Tina has been recommended in Legal 500 and Who’s Who Legal.
James joined Crescent in 2012 and is a member of the European direct lending investment team with a particular focus on the UK mid-market. He is responsible for the origination, structuring and execution of private debt investments across the capital structure in private equity sponsor-backed companies. In addition, he is responsible for the fund financing for the European funds. Prior to joining Crescent, he worked in the Corporate Structured Finance team at RBS.
Cassie started her career at RBS, working within the Financial Institutions relationship management team covering private equity funds and brokers. She then went on to work in the structured finance team at RBS structuring leverage and bridge facilities for these clients. Cassie has spent the last 6 years at Lloyds focussing on Financial Sponsors, structuring and executing subscription facilities and leverage facilities covering all asset classes but specialising in secondary funds and infrastructure funds, building relationships with some of the largest global players.
SMBC is a global leader in subscription-secured lending to private equity funds investing across multiple asset classes. Globally centralized in New York, SMBC has been originating subscription facilities since 1999 and has originated and arranged more than $40 billion in the last five years for funds in the US, Europe, Asia, Latin America, Japan and Australia.
SMBC has arranged credit facilities for funds investing in the following asset classes: real estate, private equity, infrastructure, energy and natural resources, middle market lending, BDCs, distressed debt, venture capital, fund-of-funds and secondaries.
SMBC is a subsidiary of Sumitomo Mitsui Financial Group, a bank holding company with more than 73,000 employees across 40 countries including 20 offices across Europe, Middle East and Africa. SMFG is one of Japan’s largest banks with $1.8 trillion in assets and SMBC has strong credit rating of A/A1 (S&P/Moody’s). We have a 400-year tradition serving successful companies.
Citi Private Bank is one of the longest-established providers of strategic advice, global access and liquidity for private equity principals and their funds. The subscription credit finance practice is a core product offering of Citi’s Private Bank. As part of Citi’s Institutional Clients Group, we use our extensive global network to provide an institutional service. Globally, Citi Private Bank has over 50 specialists focused on marketing, origination, execution, risk management and day-to-day portfolio management of the subscription credit finance business (of which more than 10 cover Europe). Since 1999 Citi Private Bank has executed over 500 transactions in over 18 countries across the globe.
As a leading global bank, Citi does business in more than 160 countries and jurisdictions, providing consumers, corporations, governments and institutions with a broad range of financial services and products. We strive to create the best outcomes for our clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.
Our work with banks and financial institutions is central to our practice. When Stephenson Harwood was founded in 1875 one of our first clients was the Hong Kong and Shanghai Banking Corporation. This relationship still holds true today. Although our firm and finance practice has grown substantially from our beginnings our work with financial institutions remains a key focus of the firm.
We regularly advise funds, leading banks (including investment, central, development, clearing, retail, EXIM and boutique banks), asset and wealth managers, intermediaries and pensions providers advising on the full range of financial, commercial, corporate and regulatory matters.
SJL Jimenez Lunz is a Luxembourg high-end independent business law firm renowned for its savoir faire and reliability with a strong expertise and track record, among others, in Banking & Finance and Fund Finance.
SJL’s teams act both on the side of leading financial institutions and for private equity funds, real estate funds, infrastructure and green and sustainable investment funds.
SJL provides the highest level of legal services in complex cross-border transactions related to all types of funds’ dedicated products, such as capital call facilities and subscription-line facilities, NAV facilities, umbrella facilities.
Olivier Vermeulen is Office Chair of Paul Hastings Paris office and head of its Banking & Finance department.
Olivier Vermeulen has extensive experience in leveraged financing (senior, mezzanine, unirate/unitranche, 1st Loss/2nd Loss, 2nd lien, SSRCF, US TLB…), fund financing (Equity Bridge financing, GP financing, NAV/Hybrid financing…), structured finance (securitization), debt restructuring, and Islamic finance.
Olivier Vermeulen advises both sponsors and borrowers (private equity and infrastructure funds as well as large corporates) as well as financial institutions (senior lenders, debt funds).
Emma Russell is a partner and head of the Finance Practice Group in the London office of Haynes and Boone. Emma is an experienced loan finance lawyer with extensive knowledge in global fund finance, real estate finance transactions, and structured and specialty finance, as well as more general experience in acquisition, leverage, and general corporate finance.
Her practice focuses on the full range of fund lending products across all fund sectors, (including private equity, real estate, secondaries, infrastructure, and hedge) from capital call facilities, hybrid/NAV facilities, to general partner support, co-invest facilities and portfolio acquisition facilities and assisting funds with structuring. Emma has significant experience advising credit funds and their lenders in relation to leverage facilities to CLO’s/CDO’s and securitisation vehicles.
Emma’s experience also includes advising both lenders and funds on private equity, receivables financing, asset based lending, speciality finance, real estate fund structuring, and acting for both lenders and sponsors in relation to investment and development real estate finance and leverage restructurings.
Emma has spent significant time working in-house with various financial institutions during her career. She has gained varied experiences with both business and legal teams across all lending sectors.
Emma co-chairs the European Committee of Women in Fund Finance, a group associated with the Fund Finance Association, which is focused on recognition and promotion of women leaders within the alternative investment fund finance industry.
Sally is a Director of ING’s Investment Industry Finance Group (IIF) with teams in London, Luxembourg, New York and Singapore. IIF form part of ING’s Financial Institutions Group and their clients are listed funds managed by large institutional asset management firms, and unlisted private equity, debt, real estate and infrastructure funds managed by leading financial sponsors. IIF are responsible for the origination and execution of lending transactions across multiple jurisdictions as well as the portfolio management of existing facilities.
Sally joined ING in 2006, working in London with an assignment to New York in 2011. She has completed further education through the Open University.
Christopher Elvin joined Preqin in 2006, and is currently head of Preqin’s private equity products and responsible for Preqin’s market leading online products and solutions. Having spent many years in senior positions across the sales team, he is now in charge of defining Preqin’s strategic direction in the private equity industry, both through innovations to Preqin’s online products as well as through Preqin’s research and communications strategy in this space.
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.
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.
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.
Nicola has been a Partner at Clifford Chance since 2003 specialising in fund finance work including capital call bridge, NAV and hybrid financings, acting for both financiers and borrowers. She spent four years in the firm’s Hong Kong office from 1995 to 1998. Nicola also undertakes a wide variety of UK and cross-border finance work and is the lead partner for the Loan Market Association in London drafting many of their standard form documents.
Stephen is Co-Head of Finance at Coller Capital, a leading Secondaries Private Equity firm, based in the Firm’s London office and his responsibilities include negotiating and structuring financing facilities for all active Coller funds as well as their wider treasury requirements.
Stephen is an FCA Chartered Accountant. Prior to joining Coller Capital in 2010, Stephen trained at Deloitte in London before spending 18 months with KPMG in the Cayman Islands.
Stephen holds an undergraduate degree in History and Politics from the University of Warwick.
Craig Rydqvist is Global Head of Capital Markets, maintaining relationships with lenders and providing debt advisory and execution support globally. Based in London, he joined the firm in 2014 to establish the Capital Markets function.
Prior to joining Värde, Craig ran Structured Finance Origination and Structuring for the U.K. at the Royal Bank of Scotland where he established the bank and capital markets financing for SAV Credit/NewDay, a Värde investment. Prior to RBS, Craig worked in the Emerging Markets business of Barclays Capital and he began his career training as a Chartered Accountant in the Financial Sector practice at KPMG in London.
Craig graduated from the Masters in Finance Programme (MSc) at London Business School. He also holds a First Class undergraduate degree in Business and Management Studies (BSc) from the University of Bradford. Craig is a Chartered Accountant (ACA) with the Institute of Chartered Accountants in England and Wales.
Stuart joined CBA in 2012 and manages CBA’s European Funds business. His primary focus is origination and execution of fund finance transactions, hedging solutions and co-ordination of the Bank’s broader relationships with Financial Sponsor clients across the spectrum of alternative asset classes. Stuart joined CBA from HSBC where he spent 10yrs in a number of client coverage, credit risk and client service roles. Stuart holds a BSc in Business & Sports Science from Brunel University along with the IMC certificate.
Ivo Keltner is an Associate General Counsel and Head of Transaction Legal at BlueBay Asset Management LLP where he is responsible for all legal, transactional and regulatory aspects of BlueBay portfolio investments across all strategies globally (including Private Debt, Distressed Debt/Special Situations, High Yield/Leverage Finance, Emerging Markets, CLOs, etc.). Ivo is also actively involved in fund structuring, financing (including subscription facilities, NAV facilities, margin loans, FX contingent loans) and hedging.
Prior to joining BlueBay Asset Management LLP in 2015, Ivo worked for over ten years in London, Frankfurt and Munich offices of two pre-eminent international law firms where he advised leading financial institutions, private equity houses and corporates on debt and equity financings and restructuring transactions.
Ivo holds a law degree from Harvard Law School and is qualified as a solicitor in England and Wales and in the Republic of Ireland.
Alice Hillson is Senior Legal Counsel at BlueBay Asset Management LLP in the Transaction Legal team. Alice covers strategies including Convertible Bonds, High Yield/Leverage Finance, Private Debt, Special Situations and Structured Finance investments and products. Alice works primarily with the Private Debt team on cross border leverage finance deals, refinancings, restructurings and fund financings.
Prior to joining BlueBay Asset Management in in May 2017, Alice trained, qualified and worked for over three years for Clifford Chance in both their London and Amsterdam offices and worked for three years in the London offices of Weil, Gotshal & Manges (including a secondment to the Goldman Sachs Merchant Banking team), where she advised on leverage, corporate and asset backed financings, restructurings, refinancings and other large multi-jurisdictional transactions.
Alice holds a Law (LLB (Hons)) degree from the University of Leeds and is a qualified Solicitor in England and Wales.
Russell is Head of the Client Coverage team responsible for National Australia Bank’s financial institution clients in Europe. His role includes structuring and delivering liquidity and risk management solutions for private capital sponsors across all asset classes including subscription finance, asset- backed and hybrid facilities. Russell has over 12 years of experience across all aspects of the fund financing spectrum, including the structuring and implementation of complex bilateral and syndicated debt facilities, capital markets solutions, structured deposits, derivative sales and portfolio risk management solutions. Prior to joining National Australia Bank in 2010 he spent 10 years at Lloyds Bank covering Financial Institution clients including financial sponsors in both the private equity and real estate sectors. His earlier career was focused on project finance across infrastructure and mining projects. Russell holds a Master of Science degree from the University of Leicester and a Batchelor of Science degree from the University of Southampton.
Kate advises on a broad range of finance transactions and has significant fund finance experience acting for both borrowers and lenders.
In addition to her fund finance practice, Kate has over 20 years’ experience specialising in complex acquisition finance transactions including advising on the Jersey elements of private placements and high yield bond issuances. Kate also advises on financial restructurings.
Kate joined Carey Olsen in 2013. She previously worked in London, initially with a magic circle firm and then with a top tier US firm.
Partner with Australia’s No.1 Relationship Bank.
At Westpac Institutional Bank, we pride ourselves on the strength and longevity of our relationships. In fact, Westpac believe the strength of our relationships is a key driver in enabling our customers to achieve long term success and growth. Our dedicated team has deep experience in supporting those alternative asset managers who are active in our core Australasian markets across a range of asset classes. Contact: firstname.lastname@example.org
Lloyds Bank is a leading finance provider across the Financial Sponsors market with a long term track record of supporting clients through the economic cycle. We offer expertise in debt & capital markets, foreign exchange & treasury risk management and innovative liability & transactional banking solutions.
Our highly experienced teams, based in both London and New York, have extensive insights into the funding requirements of our clients across private market asset classes, whether at the fund level or with the companies, projects and assets that they manage.
Lending is subject to status.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.
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.
Mary serves as Vice Chairman, and member of the Board, of the Fund Finance Association and as a member of the Board of Women in Fund Finance.
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Nick is a partner in the Banking & Finance department at Ashurst with over 15 years of experience in both London and Hong Kong. Nick specialises in fund finance transactions, acting for both banks and sponsors on a wide range of different products including subscription/capital call facilities, hybrid facilities, single investor facilities and net asset value facilities for a variety of fund types, including private equity funds, infrastructure funds, real estate funds and credit funds.
Nick regularly advises some of the most experienced participants in the market as well as new entrants. His recent experience includes advising international lenders on some of the largest fund financing transactions in the European market as well as advising emerging markets based lenders on bespoke single investor financings.
Nick is noted as a Recognised Practitioner for Chambers & Partners and a Recommended Practitioner by Legal 500.
Paul Tannenbaum is a partner in the Banking & Finance practice of the London office. He has extensive experience acting for banks, financial institutions, real estate funds, private equity funds, debt funds and infrastructure funds on fund financing transactions. Paul’s fund finance experience includes a wide range of transactions including traditional subscription lines, hybrid and NAV facilities, GP and manager support facilities, loans to separate accounts and fund of fund financings. Paul’s practice also includes acquisition and leveraged finance.
Philippe Max is a finance partner in Dentons Paris office. He works on domestic and international banking and finance transactions. He is specialised in structured finance, cross border finance and acquisition finance with a strong focus on fund financing facilities (acting for both borrowers and lenders). He is also a lecturer (chargé d’enseignement) at University Paris XII in banking and finance law.
James Fox is a partner within the Corporate department in Jersey. He has 20 years’ experience of corporate legal work in Jersey and the UK. James has wide ranging expertise in fund formation and in fund finance acting for both borrowers and lenders. His fund finance practice has covered capital call/equity bridge facilities as well as asset backed and leveraged finance facilities. He has also advised venture debt funds in both their formation and ongoing lending work. He has an extensive knowledge of the legal and regulatory regime in Jersey. He takes a commercial approach to delivering legal advice and solving legal issues for clients. James has contributed to a number of publications. He also regularly speaks at conferences and seminars as well as providing tailored training to clients.
Richard is a partner in the finance team at Macfarlanes and advises financial institutions and corporates on a range of financing matters. He has a particular focus on fund finance, specialty finance and structured finance.
Richard has extensive fund finance experience across multiple fund strategies (such as private equity, real estate and credit funds) and advises on leverage and NAV facilities, investor call bridge facilities, equity bridge facilities and hybrid facilities.
Jeremy Cross is a vastly experienced funds finance lawyer and has been active in the U.K. funds finance market (acting for both lenders and funds) for over 14 years.
During that time he has worked with most of the major lenders in the market, including Royal Bank of Scotland, Lloyds Banking Group, Barclays Bank, Wells Fargo, Bank of America, National Australia Bank, CACEIS and CBA along with a number of other banks, non-bank financial institutions and funds. In addition to his “UK” experience Jeremy has also worked frequently on “US” funds financing structures and documentation.
Chambers UK lists Jeremy as a leader in the field of Banking & Finance, described as “a highly intelligent and commercial figure.” Legal 500 has recommended the “very commercial [Jeremy Cross].” He is also recommended in Bank Lending, noted as “very commercial and has the ability to explain in simple language often difficult concepts.” Jeremy was included among the “Hot 100”’ Lawyers by The Lawyer in 2013.
Ahlem has been with Credit Agricole for more than 14 years and has been with the London based International Trade and Transactional Banking team since 2006.
Since July 2016, she is the Senior Originator in charge of the Fund Finance business in the UK. Prior to this, she has played a major role in ensuring that the London team maintain their position as one of the leading banks involved in Export Finance (UKEF supported credits) and Trade finance with her involvement in both originating and structuring the same.
In addition to this Ahlem is an active board member of the Women in Fund Finance.
Ahlem holds a Masters in International Trade from the University of Paris 1, Pantheon-Sorbonne.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With 21locations on three continents, our team works seamlessly across practices, industries and geographies to deliver highly effective–and often unexpected–solutions that propel success. More than 1,100 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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.
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, 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.
CACEIS is the asset servicing banking group of Crédit Agricole dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering execution, clearing, depositary and custody, fund administration, middle office outsourcing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.6 trillion and assets under administration of €1.7 trillion, CACEIS is a European leader in asset servicing and one of the major players worldwide.
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, in addition to having a significant fund formation and borrower side practice. Our lawyers have been lead counsel on fund financings for the past two decades, and represented the lead agent and lenders in over 290 fund finance transactions last year alone. In addition to subscription credit facilities, Mayer Brown lawyers regularly document the full suite of fund and portfolio-level financings, including NAV facilities, hybrid facilities, secondary facilities, partner loan programs, private placements, open-end fund facilities, management fee credit lines and leveraged asset-level transactions.
National Australia Bank (NAB) is one of Australia’s largest banks and manages relationships with retail, corporate and financial institutions globally, with on-the-ground presence in Australia, New Zealand, Asia, the UK and the US.
credit ratings and our global operations serve over 12 million banking and wealth management clients, providing access to international financial markets and an extensive range of specialised funding, liquidity, investment, asset services and risk management capabilities.
NAB has been operational in the UK for over 150 years. Our European operations are primarily focused on supporting global institutions with business, trade and investment activity linked to Australia and New Zealand.
Our London based teams provide full relationship services, originating and executing complex product solutions with specific sector emphasis on infrastructure and utilities, natural resources and financial institutions. NAB is an active agent for subscription financing and credit facilities for private and publicly listed funds. NAB is also a worldwide leader in AUD and NZD rates and FX solutions and a leading global bank in cross border US Private Placement solutions.
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,000 employees, of which more than 154,000 are in Europe.
The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.
BNP Paribas provides a wide range of fund level financing solutions (subscription lines and bespoke financing products including asset-backed facilities) to financial sponsors and multi-asset class managers. The bank ranks amongst the top players in EMEA.
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s 53,000 employees offer retail and wholesale banking services to customers in over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING’s strategy, evidenced by ING’s ranking as a leader in the banks industry group by Sustainalytics. ING Group shares are included in the FTSE4Good Index and in the Dow Jones Sustainability Index (Europe and World), where ING is also among the leaders in the banks industry group.
From our base in London, Macfarlanes advises many of the world’s leading businesses and business leaders, from multinational companies to high-net-worth individuals. We are recognised for the quality of our work, dealing with the full range of corporate and commercial matters.
Our highly-rated fund finance practice has extensive experience in advising banks, alternative lenders and investment fund managers across a wide range of mainstream and alternative asset classes, including private equity, credit, hedge funds and real estate.
Given the international nature of many fund structures, fund finance transactions are typically multi-jurisdictional, and we have close links with leading fund lawyers in Europe, Asia, the US and all other jurisdictions commonly involved in fund structuring. By working closely with other leading independent law firms and lawyers, carefully selected in relevant jurisdictions, we provide a seamless, top-class service, wherever and whenever our clients need it.
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 barclays.com/corporatebanking
Headquartered in Melbourne and with a long-term AA- credit rating, Australia and New Zealand Banking Group Limited (ANZ) has a banking heritage spanning more than 180 years in Australia and New Zealand and an established on the ground presence in 15 Asian markets.
As clients look to capitalise on the movement of money and goods across Asia Pacific, they find in us a strong banking partner who can help them manoeuvre the rapidly changing business and regulatory landscape, while effectively managing liquidity, risk and investments.
We connect clients to opportunities centred around trade and capital flows into and within Asia Pacific.
Dentons is the world’s largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons’ polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work.
Ashurst is a leading global law firm with a rich history spanning almost 200 years. Our in-depth understanding of our clients and commitment to providing exceptional standards of service have seen us become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law. With over 1600 lawyers working across 10 different time zones, we are able to respond to our clients wherever and whenever they need us.
Our global finance team are both experts of law, and in tune with the economic, market and political forces of your business environment. They deliver integrated, bespoke and cost effective advice covering all aspects of funds finance. Working in tandem with our market leading funds formation practice, we advise lenders and funds on a wide variety of financing structures including capital call facilities, leverage facilities, hybrid facilities and general partner facilities.
Ropes & Gray is a pre–eminent global law firm with more than 1,300 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.
Intertrust is a global leader in providing expert administrative services to clients operating and investing in the international business environment with more than 2,500 employees across 41 offices and 29 jurisdictions in Europe, the Americas, Asia Pacific and the Middle East. We have leading market positions in selected key financial markets, including the United Kingdom, Netherlands, Luxembourg and the Americas. We deliver high quality, tailored corporate, fund, capital market and private wealth services to our clients, with a view of building long-term relationships. We work with global law firms and accountancy firms, multinational corporations, financial institutions, fund managers, high net worth individuals and family offices.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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)
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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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Find us on LinkedIn: www.preqin.com/LinkedIn
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 email@example.com, 626-279-3282, 213-538-8866.
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.
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.
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.
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.
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.
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.