Name: European University
Start: 2022-05-04T09:00:00Z
End: 2022-05-05T22:00:00Z

Arnaud Arrecgros

Maples Group

Subscription Credit Facility: Guarantee and Security

10:15 AM | 2022-05-05

Arnaud Arrecgros

Partner | Maples Group

Arnaud Arrecgros is head of Maples and Calder (Luxembourg)'s Finance team at the Maples Group. He has extensive experience in cross border financing and banking transactions, including corporate debt facilities, acquisition, asset and real estate financing and restructurings, funds financing in connection with the setting up of bridge and capital commitment facilities, securitisations, as well as capital markets matters. He represents both borrowers (including private equity and hedge funds) and lenders on lending transactions and all types of secured transactions, advising in particular on the setting up of security packages and issues surrounding collateral in the context of debt restructuring transactions.

Arnaud is recommended by Legal 500, where he is described as, "very reliable and provides good quality, timely advice" and has a "strong capability in cross-border transactions and his availability to assist with urgent client matters at any time of day or night."

Navdeep Benning

Ashurst LLP

Multi-sourced / layered debt structures

10:15 AM | 2022-05-05

Navdeep Benning

Partner | Ashurst LLP

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

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

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

Camille Bourke

Arendt & Medernach

Fund Structures – Understanding the Basics

9:15 AM | 2022-05-04

Camille Bourke

Partner | Arendt & Medernach

Camille Bourke is a Partner in the Private Equity & Real Estate practice of Arendt & Medernach. Head of the London office of the firm, she specialises in the formation of alternative investment funds (AIFs) and also advises on private equity transactions.

Camille worked at our Luxembourg and Brussels offices and founded the London office in 2007 where she is now the resident partner. Prior to joining Arendt & Medernach, Camille practiced in the New York office of Willkie Farr & Gallagher.

She has been a member of the New York Bar since 2001, the Paris Bar since 2004 and has been admitted by the Luxembourg Bar to practice in Luxembourg under her French professional title.

She has been President of the Harvard Law School Association of the UK since 2019.

Camille Bourke holds a degree in business law from Université Paris II Panthéon-Assas as well as a Master's degree (LL.M.) from Harvard University.

Languages: English and French.

Elizabeth Bradley

Maples Group

Subscription Credit Facility: Guarantee and Security

10:15 AM | 2022-05-05

Elizabeth Bradley

Partner | Maples Group

Elizabeth Bradley is a partner of Maples and Calder's Banking and Finance team in the Maples Group's Dublin office. Elizabeth specialises in banking and finance law, advising clients in structuring, negotiating, implementing and restructuring a range of financing transactions. She acts for leading domestic and global financial institutions, alternative lenders, major corporates, private equity funds and limited partnerships across a wide range of domestic and cross-border finance transactions. These include real estate financing (investment and development), acquisition and leveraged finance, project finance and fund financing, through bilateral and syndicated deals. Elizabeth also advises on loan portfolio sales, acting for purchasers, vendors and servicers.

Elizabeth has been ranked by Chambers Global, IFLR 1000 and The Legal 500. In The Legal 500's 2021 Guide, clients attested that "We have worked with Elizabeth on a number of transactions and have the utmost confidence in her judgement and advice. Liz is a very high-quality lawyer with an easy communications style".

Jonathan Bray

Clifford Chance

Side Letters and Subscription Agreements

11:45 AM | 2022-05-04

Jonathan Bray

Partner | Clifford Chance

Jonathan Bray is a partner in Clifford Chance's London private funds team. He specialises in international fund formation, secondaries, and advisory work in the private equity, private debt, real estate debt and real estate sectors. His experience covers blind-pool funds, separate managed accounts and funds-of-one. In addition, Jonathan advises fund sponsors and investors on a range of fund-related products and transactions including co-investments, multi-currency and leveraged structures, secondary transactions including portfolio sales of fund interests, executive carried interest arrangements, asset manager M&A, fund financings and open-ended funds.

George Cherry

Citi

Lessons learned – mitigating risk on Fund Documents diligence

11:45 AM | 2022-05-04

George Cherry

Head of Private Equity Subscription Finance, EMEA | Citi

George has been at Citi for over 15 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 the University of Manchester.

David Christmas

Fried, Frank, Harris, Shriver & Jacobson LLP

Fund Structures – Understanding the Basics

9:15 AM | 2022-05-04

David Christmas

Partner | Fried, Frank, Harris, Shriver & Jacobson LLP

David Christmas is a corporate partner in Fried Frank's Asset Management Practice, resident in the London office.

He advises fund managers, sponsors, financial institutions, family offices and investors in relation to the structuring and establishment of alternative investment funds across a broad range of asset classes including private equity, credit, infrastructure, venture and growth, and real estate, with a particular emphasis on structuring complex and multi-jurisdictional funds. He also advises in relation to hedge funds, managed accounts, carried interest and co-investment schemes and secondary transactions, including GP-led and other liquidity solutions.

Mr. Christmas has acted for clients such as BlueBay Asset Management, Permira, Goldman Sachs, Neuberger Berman, Rutland Partners, Trilantic Capital Partners, Terra Firma, Lion Capital, Macquarie Investment Management, LaSalle Investment Management, Tesco, Hermes Investment Management and many others.

Spencer Goss

RBS International

Helen Griffiths

Investec

Creative Fund Financing structuring in line with terms of Fund Documents

10:30 AM | 2022-05-04

Helen Griffiths

Head of Structuring, Fund Solutions | Investec

Helen is the Head of Structuring for Investec’s fund solutions business. Her role focuses on designing solutions and developing relationships with funds and fund managers across difference strategies throughout the lifecycle of the fund. Helen works closely with the team’s distribution and fund raising platforms for capital call, GP/co-invest and NAV financing. Helen has been connected to the fund finance industry for 15 years.

Todd Hooper

HPS Investment Partners

Alastair Humphreys

Networking | Fireside chat with Alastair Humphreys

6:30 PM | 2022-05-05

Alastair Humphreys

One of National Geographic’s Adventurers of the Year, Alastair Humphreys is an advocate of micro-adventures, encouraging others to commit to a challenge that is simple but not impossible. Doing something extraordinary doesn’t have to take super-human effort, something that Alastair’s stories and adventures illustrate brilliantly.

After university Alastair set out on what would become a four-year trip cycling around the world, taking in 60 countries and eventually travelling 46,000 miles. Described by Sir Ranulph Fiennes as ‘the first great adventure of the new millennium,’ Alastair relied entirely upon the kindness of strangers along the way, rather than on a support team.

He is the best-selling author of Microadventures and has been featured in the New York Times, Financial Times, National Geographic and Outside Magazine. He has also run the Marathon des Sables, rowed the Atlantic, canoed 500 miles of the Yukon, and spent some time walking a circuit around the M25. Following in the footsteps of Wilfred Thesiger, he walked 1000 miles of the desert of the Arabian peninsula, filmed as Into the Empty Quarter.

In speeches Alastair describes the importance of confronting ‘The Doorstep Mile,’ a Norwegian idea about the difficulty of overcoming the first step on a journey. His attitude towards living adventurously is infectious and he is adamant that by looking at opportunities rather than constraints, true potential can be realised. His unique cases of self-motivation demonstrate how setting small targets can enable the achievement of any professional goal. They also display the importance of pursuing long-term goals in an era of instant gratification, which exemplify the rewards of risk and teamwork.

Andrew Husdan

Clifford Chance

Side Letters and Subscription Agreements

11:45 AM | 2022-05-04

Andrew Husdan

Partner | Clifford Chance

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

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

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

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

Samantha Hutchinson

Cadwalader, Wickersham & Taft LLP

Creative Fund Financing structuring in line with terms of Fund Documents

10:30 AM | 2022-05-04

Samantha Hutchinson

Partner | Cadwalader, Wickersham & Taft LLP

Samantha Hutchinson is Head of Cadwalader’s European Fund Finance Team, a 16 strong-team based in London exclusively focussed on fund finance. Sam has been advising financial institutions and private markets managers for 20 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 as well as programmes to harness institutional capital. In the last 12 months Sam’s team has advised on over 180 transactions totalling over £50bn in value.

Sam is recognised as a preeminent banking and finance lawyer by Chambers UK, Legal 500 UK and IFLR1000. She has been recognised as an industry leader among the 2022 IFLR1000 Women Leaders, which represents the ‘most prominent female lawyers’ working in their jurisdictions. She is shortlisted as part of the Law.com International and Legal Week’s 2022 Women, Influence and Power in Law (WIPL) UK Awards. Sam was also shortlisted by the Financial Times in the “Innovative practitioner” category as part of the FT Innovative Lawyers Europe 2021 awards.

Bronwen Jones

Reed Smith

Subscription Credit Facility: Guarantee and Security

10:15 AM | 2022-05-05

Bronwen Jones

Partner | Reed Smith

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

Dirk Kaiser

Wells Fargo Bank

Side Letters and Subscription Agreements

11:45 AM | 2022-05-04

Dirk Kaiser

Managing Director | Wells Fargo Bank

Dirk Kaiser is Managing Director within Wells Fargo’s Corporate & Investment Banking group. Mr. Kaiser is a relationship manager for alternative asset managers located in EMEA and focused on providing fund finance solutions, incl. subscription finance loans. Prior to joining Wells Fargo, Mr. Kaiser worked in the Credit Team at WestLB AG in both London and Düsseldorf covering non-bank financial institutions with a focus on traditional and alternative investment funds. Mr. Kaiser has approximately 15 years of experience in the financial sector.
Mr. Kaiser received a BA from Edinburgh Napier University in Business Administration and a Diplom-Kaufmann from University of Applied Sciences Aachen.

Matt Lilley

Mayer Brown

Lessons learned – mitigating risk on Fund Documents diligence

11:45 AM | 2022-05-04

Matt Lilley

Partner | Mayer Brown

Matt Lilley is counsel in the Banking & Finance practice of the London office. He has extensive experience acting for lenders, sponsors, funds and borrowers on lending transactions in the infrastructure and funds finance sectors. Matt's funds finance experience covers many asset classes and fund structures (including private equity funds, credit funds, infrastructure funds, secondary funds, real estate funds, emerging market funds) and he has advised on a wide range of transactions covering subscription facilities, NAV/asset back facilities, hybrid facilities and co-investment facilities). His practice also includes corporate infrastructure financing (both acquisition financing and refinancings), acting for both lenders and sponsors/borrowers on a variety of funding structures, including traditional bank financings, institutional funding arrangements and private placement issuances, and establishment of common terms platforms.

Jamie Parish

Travers Smith

Cameron Roper

Proskauer Rose LLP

The LPA

10:30 AM | 2022-05-04

Cameron Roper

Partner | Proskauer Rose LLP

Cameron Roper is a partner in Proskauer’s Corporate Department and a member of the Finance Group (working closely with the Firm’s Private Funds Group). Cameron specializes in funds finance and general lending and advisory work, acting for both fund managers and financial institutions. He regularly advises on net asset value (NAV) facilities, hybrid facilities and subscription line facilities, as well as general partner commitment, manager, carry and co-investment facilities. His experience covers a wide range of funds, including credit, large buyout and mid-market funds, venture, secondaries, infrastructure, real estate, fund of funds and emerging market funds.

Emma Russell

Haynes Boone

Getting to know the FFA

11:30 AM | 2022-05-05

Emma Russell

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

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

Seema Shah

Simpson Thacher & Bartlett LLP

Lessons learned – mitigating risk on Fund Documents diligence

11:45 AM | 2022-05-04

Seema Shah

Partner | Simpson Thacher & Bartlett LLP

Seema Shah is a member of our Private Funds Practice based in London, focusing on the sponsoring and operation of private investment funds, and other aspects of private investing in alternative asset classes, including the structuring of executive carried interest and co-investment arrangements and separate account arrangements. Seema has advised some of Europe’s leading sponsors on some of the largest fundraisings in Europe, including Apax Partners, BC Partners, Coller Capital, CVC Capital Partners and CVC Credit Partners.

A recognized emerging leader in fund formation, Seema has been honored as one of two lawyers named among the “25 Rising Stars of Private Equity in Europe” for 2021 by Financial News and named a “Rising Star” in Asset Management by Law360 in 2018.

Seema received her B.A. (Hons) in Law from Gonville & Caius College, University of Cambridge in 2003 and was awarded her Diploma in Legal Practice with Distinction from Nottingham Law School in 2004.

Emad Shahin

17Capital

Aimee Sharman

Mayer Brown International LLP

Welcome and Introduction

9:00 AM | 2022-05-04

Aimee Sharman

Partner | Mayer Brown International LLP

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

Tom Smith

Debevoise & Plimpton

NAV Facilities

9:00 AM | 2022-05-05

Tom Smith

Partner | Debevoise & Plimpton

Thomas Smith is an English-qualified partner in the Finance Group of the London office. Recommended by Chambers UK (2022), The Legal 500 UK (2022) and IFLR1000 (2020), he acts for borrowers, sponsors, funds and financial institutions on a wide range of financing transactions, including complex acquisition and leveraged finance transactions (both syndicated bank loan and high-yield transactions) at all levels of the capital structure, capital call facilities and other alternative capital transactions for investment funds.

In The Legal 500 UK (2022), which recommends him for acquisition finance and fund finance, Mr. Smith is described as “a respected operator” and “the best in the business.” Chambers UK (2022) highlights his “in-depth knowledge” and his ability “to digest complex issues into manageable communications and balance risk with commerciality.” He is said to be “very attentive and solution-oriented.” In previous editions of the guides he is also described as “intelligent and highly commercial,” and is noted for his ability “to explain complex issues in a straight-forward manner and focus on the real issues, rather than the minutia.”

Mr. Smith joined the firm in May 2007. He graduated in 2002 with an LL.B. from the University of Nottingham. He went on to study at Nottingham Law School in 2003, where he obtained an LPC with distinction. He was admitted as a solicitor of the Senior Courts of England & Wales in 2006.

Mr. Smith is the author of “Changing Tides for Subscription Line Facilities,” Private Equity International (March, 2016) and “Renaissance In European Second Lien Financings,” Financial News: Private Equity News (February, 2015); he is the co-author of “Side letters - Pitfalls and perils for a financing,”

Global Legal Insights - Fund Finance 2022 (January, 2022); “Debevoise & Plimpton on a new string in fund finance’s bow,” Private Equity International (January, 2021); “Subscription Lines’ ESG Revolution,” Private Equity International (December, 2020); the analysis chapter, “Side letters: Pitfalls and Perils for a Financing,” in Global Legal Insights to Fund Finance (2018-2021 editions); “What You Need To Know About Sub Lines For SMAs,” Private Debt Investor (August, 2018); “Mega-Funds and Their Mega-Financings,” Private Equity International (February, 2018); and “Fund Finance Focus: Don’t Neglect The Positives,” Private Debt Investor (July, 2017). He also provided input to the European High Yield Association on precedent development.

Mr. Smith joined the firm in May 2007. He graduated in 2002 with an LL.B. from the University of Nottingham. He went on to study at Nottingham Law School in 2003, where he obtained an LPC with distinction. He was admitted as a solicitor of the Senior Courts of England & Wales in 2006.

Paul Tannenbaum

Proskauer

Welcome and Introduction

9:00 AM | 2022-05-04

Paul Tannenbaum

Partner | Proskauer

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

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

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

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

Nigel van Zyl

Proskauer Rose LLP

The LPA

10:30 AM | 2022-05-04

Nigel van Zyl

Partner | Proskauer Rose LLP

Nigel van Zyl specializes in advising asset managers, institutional investors and investment advisors across the full spectrum of investment fund matters.

Praised for his keen business sense and practical approach, Nigel advises leading international fund managers on all aspects of their fund business, including the formation, raising, maintenance and ongoing operation and compliance of their investment funds. He also advises on internal governance, compliance and organization, carried interest and co-investment arrangements, spinouts, re-organizations and restructurings.

Nigel represents institutional investors, including fund of funds, sovereign wealth funds, and global asset managers, with respect to their investments into private equity and other alternative asset funds.

He also advises buyers and sellers of secondary fund interests and the structures used for these transactions, including synthetic secondary and co-investment structures.

James York

NatWest Markets Plc

European University

Agenda updated as of 04/22/2022.

Arnaud Arrecgros

Navdeep Benning

Camille Bourke

Elizabeth Bradley

Jonathan Bray

George Cherry

David Christmas

Spencer Goss

Helen Griffiths

Todd Hooper

Alastair Humphreys

Andrew Husdan

Samantha Hutchinson

Bronwen Jones

Dirk Kaiser

Matt Lilley

Jamie Parish

Cameron Roper

Emma Russell

Seema Shah

Emad Shahin

Aimee Sharman

Tom Smith

Paul Tannenbaum

Nigel van Zyl

James York