Name: 6th Annual European Fund Finance Symposium
Start: 2022-06-28T09:00:00Z
End: 2022-06-28T19:00:00Z
Location: The Landmark London

FFA Event

6th Annual European Fund Finance Symposium

June 28, 2022

London

Event Pictures

The Fund Finance Association’s annual symposiums bring together investors, fund managers, bankers and lawyers for education and networking within the fund finance market. FFA hosts annual events in Miami, London, and Asia. The 2020 Symposiums were attended by over 1,700 industry professionals representing over 500 firms.

Francois Aguerre

Coller Capital

The Fund Perspective

11:05 AM | 2022-06-28

Francois Aguerre

Partner, Co-Head of Investment | Coller Capital

As Co-Head of Investment, and Head of Origination, Francois has joint responsibility for our investment team and investment process globally. He is based in the firm’s London office, and also co-chairs the DEI Committee.

Prior to joining Coller Capital in 2007, Francois worked in the Investment Banking division of UBS in London. Previously, he worked at Gimar Finance and PAI Partners in Paris, and at Société Générale in New York.

Francois has an MSc in Engineering from École Nationale des Ponts et Chaussées in France, and an MBA from INSEAD.

Mark Alexander-Dann

ANZ

Shiraz Allidina

Citco

NAV - The Journey Continues

2:30 PM | 2022-06-28

Shiraz Allidina

Managing Director | Citco

Shiraz Allidina is Managing Director of Citco Capital Solutions, a global fund finance lender and advisor that is part of the Citco Group of Companies. At Citco, he is responsible for originating and structuring capital call, NAV and hybrid facilities to the firm’s clients, as well as related capital markets activities. Previously, Shiraz worked as a portfolio manager for a number of alternative asset managers. He graduated Magna Cum Laude with a B.S. in Economics from the University of Pennsylvania’s Wharton School.

Susannah Amini

Kirkland & Ellis

Eli Appelbaum

Ares Management

Dragons Den

11:45 AM | 2022-06-28

Eli Appelbaum

Managing Director | Ares Management

Mr. Appelbaum is a Managing Director in the Ares Credit Group, where he focuses on alternative credit investments. He also serves as a member of the Ares Credit Group's Pathfinder Core Investment Committee. Prior to joining Ares in 2020, Mr. Appelbaum was a Partner at Hayfin Capital Management, where he focused on asset backed investments for direct lending and special opportunities strategies. Previously, Mr. Appelbaum was a Managing Director at Gordon Brothers, where he led the European investment and finance practice focusing on asset backed debt and structured equity investments, led the firm's expansion into Australia and served on the board of Gordon Brothers Japan. In addition, he was a Vice President for Gordon Brothers Japan, where he focused on distressed assets. Mr. Appelbaum holds a B.A. from Brandeis University in Economics and an M.A. from the International Business School at Brandeis University in International Economics and Finance.

Steven Bartlett

Fireside Chat with Steven Bartlett

9:55 AM | 2022-06-28

Steven Bartlett

Entrepreneur, Speaker, Investor, Author, BBC Dragon, and the host of one of Europe's biggest podcasts, 'The Diary of a CEO'

Steven was born in Botswana to a Nigerian mum and a British dad. His mum left school aged seven and can’t read or write, his dad was a structural engineer and “very, very smart”. The family (he is the youngest of four siblings) moved to Plymouth, Devon, where they “struggled financially in a nice, white, middle-class area”. That feeling of otherness, of not having “the nice things other people had”, drove him.

In 2014, Steven dropped out of university to found Social Chain. The social media agency employs over 850 people with offices in Berlin, Munich, London, Manchester, New York and Los Angeles. Apple, Amazon and Coca-Cola are just a few of the high-profile brands they work for. Social Chain more than doubled its revenue during the first three months of 2022.

He and his business partner left the company in 2020 and he’s since founded Catena Capital, a private equity investment start-up focused on “the future”

Steven has invested in and joined the board of Huel, which is the UK’s fastest growing e-commerce company internationally. He’s also invested in, and taken a role as an advisor in Atai life sciences - a biotech company working to cure mental health disorders. Other investments focus on blockchain technologies, biotech, space, Web 3 and social media.

Recently, Steven has invested in two new businesses, Flight Story & Third Web. Flight Story is a company focused on building resilient retail investor communities around great public companies. Third Web is a platform that makes it easy to build web3 applications. apps including blockchain games, NFT platforms, DAOs, and creator projects. It equips creators, artists, developers, game studios and entrepreneurs with an intuitive suite of tools to seamlessly add features to Web 3 projects including NFTs, social tokens & currencies, marketplaces (for buying and selling tokens), and NFT lootboxes & drops- in a matter of clicks.

At just 29 years old, he is widely considered one of Europe’s most talented and accomplished young entrepreneurs and philosophical thinkers. Steven joined Dragon’s Den from Series 19 in January 2022, as the youngest ever Dragon in the Show’s history.

Steven is particularly focused on inspiring a new generation of entrepreneurs and creators from a BAME background.

Navdeep Benning

Ashurst LLP

Mind the Gap

1:45 PM | 2022-06-28

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.

Aditya Bhatla

Morgan Stanley

Dragons Den

11:45 AM | 2022-06-28

Aditya Bhatla

Executive Director | Morgan Stanley

Aditya Bhatla is an Executive Director in Morgan Stanley’s Fixed Income Division. Aditya is responsible for the Fund Asset Based Lending business which provides fund financing solutions and NAV/Hybrid facilities to sponsors across private credit, private equity, real estate and secondaries. He has worked on several innovative financing transactions involving NAV facilities, hybrids, repurchase agreements, total return swaps and secured loans.

Previously Aditya was a Director at Deutsche Bank where he was responsible for the Credit Solutions business and provided financing to funds against liquid and illiquid investments. Aditya has a B. Tech. in Electrical Engineering from the Indian Institute of Technology (Delhi) and holds the Chartered Financial Analyst (CFA) designation.

Julien Bouchat

ING

Risk Pinch Points

1:45 PM | 2022-06-28

Julien Bouchat

Director - EMEA Fund Finance | ING

Julien is a Director within ING’s EMEA Fund Finance team with teams located in NYC, London, Luxembourg and Singapore. The team is part of the ING’s Financial Institutions group and the Fund Finance team are responsible for the origination, execution and portfolio management of subscription and NAV facilities to funds managed by Financial Sponsors and Asset Management firms based in the EMEA region.

Julien has been with ING Luxembourg for 14 years, and is heading the Luxembourg Fund Finance team since 2016. Prior to this, Julien was part of the Structured Solutions Group, structuring complex transactions based on tax, accounting, regulatory and securitization aspects.

Kathryn Cecil

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

Welcome Remarks + Preqin Presentation

9:00 AM | 2022-06-28

Dragons Den

11:45 AM | 2022-06-28

Kathryn Cecil

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

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

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

Aleksandra Cison

Citi Private Bank

Evolution of Fund Finance

3:45 PM | 2022-06-28

Aleksandra Cison

Senior Transactor | Citi Private Bank

Aleksandra is a Senior Transactor and ESG Lead for Subscription Credit Finance at Citi Private Bank, based in London. Aleksandra is responsible for the origination, structuring and execution of subscription credit facilities to private equity sponsors across Europe, whilst also working closely with Citi’s Private and Investment Bank Divisions to deliver the bank’s global suite of products. Aleksandra leads Citi’s Environmental, Social and Governance efforts in the fund finance space in EMEA, collaborating with key stakeholders to develop strategy and client solutions, which reflects the emergence of sustainability as an important theme for both Citi and our clients. As a senior executive with nearly 15 years of experience in banking, finance and law, she brings leadership, creativity and strong influencing skills to building empowered teams and deep client relationships. Aleksandra is known for her ability to pinpoint key issues and to shape relevant communications. Aleksandra is a Chartered Financial Analyst (CFA) and an English law qualified solicitor.

Louis-Maël Cogis

Simmons & Simmons

Innovation and New Structures

2:30 PM | 2022-06-28

Louis-Maël Cogis

Partner | Simmons & Simmons

Louis-Maël is head of the firm’s Luxembourg office. He acts for financial institutions and international investment banks in international banking and capital markets work.

Louis-Maël specialises in and leads on a wide range of domestic and international finance transactions including secured and unsecured lending transactions, structured corporate finance matters, acquisition finance, property finance, bilateral loans, syndicated loans, real estate finance and debt restructuring.

In addition to his role as head of Banking & Finance, Louis-Maël is recognised for his advisory work in respect of issues of debt securities, securitisation transactions, syndicated lending, leveraged acquisition finance, asset backed securitisations, repackaging’s repos and debt restructuring.

He also advises banks and other professionals of the financial sectors on specific regulatory matters.

A founding Partner of Simmons & Simmons Luxembourg LLP in 2015, Louis-Maël has since become its Country Head. Prior to joining Simmons & Simmons LLP, Louis-Maël worked at a magic circle law firm. He is a lawyer registered at the Paris Bar (Avocat) and at the Luxembourg bar (Avocat à la Cour). Louis-Maël is listed as a “highly regarded” lawyer, by IFLR1000.

Louis-Maël is also an expert in environmental, social and governance (ESG) issues and sustainable finance.

James Daniel

Mourant

Daniel Donnelly

Macquarie

Sean Egan

Egan-Jones Ratings Company

Market Update

4:30 PM | 2022-06-28

Sean Egan

CEO | Founding Partner | Egan-Jones Ratings Company

Sean Egan is a founding partner and president of Egan-Jones Ratings Company (EJR), which was organized in 1992 for the purpose of providing timely, accurate credit ratings. Over the past decade, EJR provide risk managers with warnings on Ambac, Countrywide, Enron, Greece, Lehman, MBIA, New Century and many others well in advance of the majority of market participants. Fortune Magazine named Mr. Egan the number one person for warning about the 2007 credit crisis. Mr. Egan has appeared on most major media outlets and has testified numerous times in front of Congressional committees. Prior to founding Egan-Jones, Mr. Egan worked as a commercial banker for JP Morgan, as an investment banker for Oppenheimer, and as a management consultant with KPMG Peat Marwick. Mr. Egan graduated from the State University of New York at Buffalo and received an MBA from Harvard University.

Liam Fields

ICG

Richard Fletcher

Macfarlanes

Evolution of Fund Finance

3:45 PM | 2022-06-28

Richard Fletcher

Partner | Macfarlanes

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

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

His work includes advising on:

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

Emily Fuller

Haynes Boone

Growth of Non-Bank Lenders

9:15 AM | 2022-06-28

Emily Fuller

Counsel | Haynes Boone

Emily Fuller is a counsel in the Finance Practice Group in the London office of Haynes and Boone. Emily acts on a full range of finance transactions, with a particular focus on fund finance, including syndicated and bilateral leveraged/NAV facilities, SMA deals, hybrid facilities, GP support lines and capital call facilities. Emily has experience in the formation of closed-ended and open-ended offshore fund structures and prior to joining Haynes and Boone undertook a secondment at a real estate fund. Emily’s practice focuses on acting for bank and non-bank lenders and a variety of sponsors (including corporate and non- corporate private equity funds, hedge funds, infrastructure funds, real estate funds, secondary funds, credit funds and sovereign wealth funds). Emily also holds the Chartered Institute for Securities & Investment’s Certificate in Islamic Finance and the Chartered Banker Institute’s Certificate in Green and Sustainable Finance.

Emily is a ranked lawyer in Chambers UK, Chambers and Partners, 2022 in Banking & Finance: Fund Finance - London (Firms) in the ‘Associates to Watch’ category. They note “Emily Fuller is an impressive associate who advises on matters across the fund finance space. She typically acts for financial institutions including banks and private equity firms.” Also that "Emily Fuller is just extremely helpful, in the weeds of the deals and extremely technically able." "She is incredibly knowledgeable, very engaged, and the advice is very sensible and fully explained."

Emily was named as a ‘Rising Star’ in the 2020 Fund Finance Association’s Rising Star Awards.

Angus Gill

Addleshaw Goddard LLP

The World Around Us

3:45 PM | 2022-06-28

Angus Gill

Partner | Addleshaw Goddard LLP

Angus Gill is a partner in the London office of international firm Addleshaw Goddard LLP. He has been active in Funds Finance for over 18 years, working on a wide range of products including capital call, hybrid and NAV/asset-backed (and preferred equity solutions), secondaries, manager, GP and co-invest facilities to funds across PE, infrastructure, renewables, credit, secondary and real estate sectors.

Angus works alongside Jeremy Cross and Zoe Connor as a 3 partner Funds Finance practice with a rapidly growing team, recognised as being one of the most collaborative in the market. The team work with a large (and increasing) number of the most active bank and alternative lenders in the market, as well as GPs and alternative asset managers. The team is part of a large Finance practice in a full service firm with over 1400 lawyers globally – including an award-winning Funds formation team and specialists in all of the fund sectors set out above – recognised as being one of the most innovative law firms in Europe.

Tom Glover

BC Partners

NAV - The Journey Continues

2:30 PM | 2022-06-28

Tom Glover

Senior Advisor | BC Partners

Tom began his partnership with BCP Credit in 2021. He previously led Investec’s North American Fund Finance business. Tom spent 15 years at BMO Capital Markets where he helped create and grow the Financial Sponsors Group and BMO’s broader investment banking franchise from their nascent stages. At BMO, Tom was involved in 230 successful mandates with private equity portfolio companies including M&A, equity and debt financings across many industry sectors. Prior to BMO, Tom co-founded and co-headed Deutsche Bank’s Americas high yield business as head of origination, headed Merrill Lynch’s leading telecom leveraged finance franchise and spent ten years at Goldman Sachs, where he was a senior banker within their high yield business. Tom began his career in investment banking at Donaldson, Lufkin & Jenrette.

Alex Griffiths

MUFG Investor Services

Helen Griffiths

Investec

Janne Gustafsson

Ilmarinen

Growth of Non-Bank Lenders

9:15 AM | 2022-06-28

Janne Gustafsson

Senior Portfolio Manager | Ilmarinen

Janne Gustafsson is a Senior Portfolio Manager at Ilmarinen, a Finnish pension fund, where he manages a portfolio of over $1 billion consisting of structured credit investments, regulatory capital transactions, fund finance loans, and credit hedge funds. He received his Doctor of Science in Technology degree in applied mathematics from the Helsinki University of Technology, which is now a part of the Aalto University. Before joining Ilmarinen in 2011, he worked at Cheyne Capital Management, a London-based hedge fund. He has also been a visiting researcher at the London Business School and a lecturer on investment science at the Aalto University.

Tim Harrison

Alcentra

The Fund Perspective

11:05 AM | 2022-06-28

Tim Harrison

Executive Director Fund Formation and Investment Structuring | Alcentra

Tim joined Alcentra in 2018 and is responsible for product development and project delivery of private credit funds, including Direct Lending, Special Situations and Structured Credit Funds based in Luxembourg, Cayman, the US, Ireland and the Channel Islands. As part of this role he oversees the selection of fund finance partners and coordinates the legal work required for the implementation of fund finance solutions, mainly focused on subscription line and NAV facilities.

Prior to joining Alcentra, he worked at M&G Investments where he was responsible for the creation of private asset fund products for institutional clients across a broad range of structures with a particular focus on Special Situations and Direct Lending funds. Tim began his career at M&G Real Estate where he headed up the fund operations team, responsible for the design and implementation of operating models for global real estate funds.

Tim has a BA (Hons) from the University of Newcastle.

Guillaume Hartog

BNP Paribas

Innovation and New Structures

2:30 PM | 2022-06-28

Guillaume Hartog

Managing Director | Head Subscription Finance | BNP Paribas

Guillaume is the global head of subscription finance for BNP PARIBAS, his team offers sub lines, other structured credit facilities at fund level and GP financing. The subscription finance team is part of the BNP PARIBAS Fund Financing Group, which covers the whole fund life financing needs (sub lines, NAV facilities, asset base, GP lines and other bespoke financing). Guillaume is a former levfin banker, he brings with him a 10-year experience in Leveraged Finance and a 8-year experience in fund financing in Paris and in London.

Terence Hatton

MUFG Bank Ltd

Board Address & Conference Close

5:10 PM | 2022-06-28

Terence Hatton

Managing Director | MUFG Bank Ltd

Terry Hatton is a Managing Director and head of the Fund Finance Group for MUFG in New York. MUFG’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. Terry has a bachelor’s degree from University of Western Ontario.

Samantha Hutchinson

Cadwalader, Wickersham & Taft LLP

NAV - The Journey Continues

2:30 PM | 2022-06-28

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.

Fantine Jeannon

LGT Private Debt

Growth of Non-Bank Lenders

9:15 AM | 2022-06-28

Fantine Jeannon

Executive Director - Head of Loan Operations and Treasury | LGT Private Debt

Fantine is an Executive Director, acting as Head of Operations and Treasury for LGT Private Debt. She is based in the London office and has direct oversight for the private debt loans operations, as well as all related fund level financing, liquidity and derivatives. Fantine has over 15 years’ experience in the alternative assets space and has been a committee member of WFF since 2020 and co-chair of our EMEA committee since 2022.

Jinyoung Joo

Proskauer

Gianluca Kreuze

Loyens & Loeff

The World Around Us

3:45 PM | 2022-06-28

Gianluca Kreuze

Partner - Attorney at Law | Loyens & Loeff

Gianluca Kreuze, attorney at law, is a member of the Finance practice group. Gianluca advises on structuring and documenting of debt finance in the Private Equity space with an emphasis on fund finance and leveraged acquisition finance. He represents financial institutions, debt funds, investment managers and sponsors. He has also worked in the firm’s London office where he mainly dealt with structured finance transactions.

Memberships: The Dutch Bar

Qualifications: Post-graduate programme in Financing and Security Rights, Grotius Academy, Nijmegen, 2006/2006
Law, Erasmus University Rotterdam, 2000

Languages:
Dutch
English
Italian

Matt Lowman

Pantheon

Philippe Max

Dentons

Jamie Mehmood

Deloitte

Market Update

4:30 PM | 2022-06-28

Jamie Mehmood

Head of Fund Finance Advisory | Deloitte

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

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

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

Iain Millar

Appleby

Evolution of Fund Finance

3:45 PM | 2022-06-28

Iain Millar

Group Partner | Appleby

Iain is a Group Partner in the Appleby Jersey office.

Iain advises clients across a broad spectrum of finance transactions, including secured and unsecured lending transactions, cross-border acquisition financings, all types of fund financings, infrastructure financings, restructurings and general banking matters. He is also a key member of our market leading global fund finance team. The team regularly advise in relation to the structuring, negotiation and documentation of high profile credit facilities and all types of secured transactions, including complex cross border matters. Appleby are globally recognized as leaders in the fund finance sector and have advised on a wide variety of different financing structures involving cutting edge fund finance facilities. Appleby has advised its clients in respect of subscribed investor commitments, including advising on hundreds of subscriptions, NAV, hybrid, ESG and asset-backed facilities across numerous structures in recent times.

Iain has been consistently ranked by Legal 500 as a rising star for Corporate and Banking.

Iain’s broad practice also covers all Jersey law aspects of corporate, private equity work and both private and public M&A related transactions.

Shelley Morrison

abdrn

Growth of Non-Bank Lenders

9:15 AM | 2022-06-28

Shelley Morrison

Head of Fund Finance | abdrn

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

Alex Murray

Preqin

Welcome Remarks + Preqin Presentation

9:00 AM | 2022-06-28

Alex Murray

Vice President | Preqin

Alex Murray is a built environment economist with special interests in the private financing of publicly funded infrastructure. Starting his career in the Corporate Finance function at KPMG in London, his development of methods to collate and apply public datasets to monitor operational infrastructure provided the foundations for his PhD research on infrastructure asset whole life cost and value. Alex spent eight years as a researcher and lecturer at UCL’s Bartlett School of Sustainable Construction and more recently was a Senior Analyst at the UK Government Cabinet Office, Infrastructure and Projects Authority. His work as a civil servant focused on evaluating the cost and performance of historic capital investments using both public and private finance, alongside work streams tracking investors in public-private partnership contracts. Alex joined Preqin as Vice President in September 2020, where he specialises in coverage of unlisted infrastructure.

Alma O'Sullivan

Maples Group

Market Update

4:30 PM | 2022-06-28

Alma O'Sullivan

Partner | Maples Group

Alma is a partner of Maples and Calder's Banking and Finance team in the Maples Group's Dublin office. Alma has experience in advising on a range of domestic and cross-border banking and finance transactions. Alma’s expertise includes advising lenders and borrowers in connection with corporate debt facilities, fund finance, acquisition financing, real estate financing (investment and development) and debt restructurings. She also has particular expertise in real estate financing involving QIAIF structures and portfolio loan sales.

Alma joined the Maples Group in 2010 and was elected as a partner in 2017. She previously worked for a leading Irish law firm.

Chris Palmer

Phoenix

Growth of Non-Bank Lenders

9:15 AM | 2022-06-28

Chris Palmer

Head of Illiquid Assets Origination | Phoenix

Chris is Head of Illiquid Assets Origination at Phoenix Group plc, with prime responsibility for the deployment and economic returns of Phoenix Group's private credit portfolios. He was previously an Investment Director at ReAssure, leading up to the acquisition of ReAssure by Phoenix.

The Phoenix Illiquid Assets team originates, executes and has portfolio management responsibility for the Group’s investments in commercial real estate debt, infrastructure debt, local authority funding, social housing, private placements and structured finance, including swap repacks. Assets are held in support the heritage annuity and the open pensions businesses, including BPA.

Chris has over 25 years' experience in structuring, pricing and investing in fixed income securities and in private debt; he began his career in corporate lending and M&A with Lloyds Bank. Chris ran the credit trading desk at AIB in London, was a Portfolio Manager of Old Mutual's Strategic Bond Fund and also of Legal & General's High Income Trust. He holds a Masters Degree from the University of Cambridge, is a Fellow of the London Institute of Banking & Finance and until recently was the CIO of the Swiss Re GB Pension Scheme.

Ioanna Paschalidou

Henderson Park Capital Partners

The Fund Perspective

11:05 AM | 2022-06-28

Ioanna Paschalidou

Managing Director, Head of Portfolio Management | Henderson Park Capital Partners

Ioanna Paschalidou has 15 years of experience in real estate asset management across Europe and currently leads the firm’s Portfolio Management function as well as Henderson Park’s ESG efforts.

Before joining Henderson Park, Ioanna was a Principal at Blackstone in London, where she managed Blackstone’s German office and retail portfolios. Prior to Blackstone, Ioanna was a Senior Director in Development and Asset Management at Tishman Speyer in Frankfurt managing assets in Germany and Italy, and before that was the Portfolio Manager for Tishman Speyer’s pan-European value add fund based in London. Ioanna began her career as an Analyst at JP Morgan Asset Management in London.

Ioanna holds an MEng in Engineering, Economics and Management from the University of Oxford, and an MSc in Construction Economics and Management from University College London. She is fluent in English, French and Greek, and is proficient in German.

Danny Peel

Travers Smith

Market Update

4:30 PM | 2022-06-28

Danny Peel

Partner, Head of Finance | Travers Smith

Danny trained at Travers Smith where he now heads the Finance group. This highly versatile group includes a team of four partners who are all genuine specialists in fund finance, making it one of the largest fund finance offerings in the London market.

Danny has nearly 20 years' experience advising on the full array of products in the fund finance sector, and has acted for many of the most active lenders in the market on subscription, co-invest, NAV and hybrid facilities across asset classes and strategies – including the lender group on a subscription facility for the world's largest ever secondaries fund. He also has a burgeoning sponsor-side practice, which forms a key part of the wider firm's sophisticated offering to its extensive alternative asset management client base, particularly private equity and private equity real estate (PERE) funds.

He is also a specialist in real estate finance, where he acts for funders, PERE funds, real estate-backed corporates and developers on all aspects of debt finance – with a particular specialism advising PERE funds on financing alternative assets such as hotels, senior living, serviced accommodation and serviced offices.

Frederick Powles

OakTree Capital Management

Thomas Rapp

Wells Fargo

Dragons Den

11:45 AM | 2022-06-28

Thomas Rapp

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

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

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

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

Emma Russell

Haynes Boone

Welcome Remarks + Preqin Presentation

9:00 AM | 2022-06-28

Fireside Chat with Steven Bartlett

9:55 AM | 2022-06-28

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.

Karen Sands

Hermes GPE LLP

The Fund Perspective

11:05 AM | 2022-06-28

Karen Sands

Chief Operating Officer | Hermes GPE LLP

Karen is Hermes GPE’s COO with overall responsibility for operating a best-in-class organisational infrastructure to support clients, investment teams and business development activities. She joined Hermes Private Equity (a Hermes GPE predecessor organisation) in 2004 and previously worked in finance at Matrix Property Management and Equity Asset Management. Karen is a member of the Hermes GPE Executive Committee, the Private Equity and Infrastructure Management Committees and Chair of the Hermes GPE Operational Management Committee. Karen is Vice-Chair on both Invest Europe’s Working Group on Accounting Standards, Valuation and Reporting, and Invest Europe’s Professional Standards Committee. She is a member of the BVCA Legal & Accounting Committee, and a Member of the Chartered Institute of Management Accountants and a Chartered Member of the Chartered Institute for Securities and Investment.

Ignacio Sarria

New Mountain Capital

The Fund Perspective

11:05 AM | 2022-06-28

Ignacio Sarria

Managing Director | New Mountain Capital

Ignacio Sarria, Managing Director, joined new Mountain in 2013. Before joining New Mountain, Mr. Sarria was CEO and co-founder of Arcano Capital, an alternative investments firm specializing in fund of funds, secondaries and co-investments that manages over $1.5bn of capital for international institutional investors from Europe, the United States, the Middle East and Latin America.

Prior to founding Arcano Capital in 2005, Mr. Sarria worked as an investment banker for ten years at Deutsche Bank and Bankers Trust, focusing on leveraged buy-out transactions. Mr. Sarria served as head of the Mergers & Acquisitions team for Spain and Portugal covering the largest corporate accounts in the Iberian Peninsula as well as the largest international private equity firms. Prior to that, Mr. Sarria worked for Arthur Andersen on auditing and consulting projects for large industrial and financial services firms.

Mr. Sarria earned a B.A. from the University of Navarra. He has also participated as an exchange student at Hohenheim University in Stuttgart (Germany) and the Harvard Business School summer program.

Yael Selfin

KPMG

The World Around Us

3:45 PM | 2022-06-28

Yael Selfin

Chief Economist | KPMG

Yael is Chief Economist at KPMG in the UK and a Fellow at the National Institute of Economic and Social Research.

She has been advising clients on the global economic outlook and its impact on their strategy for over 20 years. Her experience spans private sector clients across a wide range of industries and geographies, as well as public sector bodies.

Her research looks at the impact major shocks, as well as new technologies, could have on the economy and on individual businesses. Her work at the National Institute of Economic and Social Research looks at ways to lift growth across UK regions.

Yael is a regular commentator on economic issues in the media. She won City A.M. Analyst of the Year award in 2016 for the research she published on the outlook for interest rates, global trade and equity markets, and was named one of City’s 100 most influential women. She is a member of the Council of Management of SUERF and a member of the Bretton Woods Committee.

Aimee Sharman

Mayer Brown International LLP

The World Around Us

3:45 PM | 2022-06-28

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.

Greg Sidlow

Lloyds Bank

Mind the Gap

1:45 PM | 2022-06-28

Greg Sidlow

Relationship Director | Lloyds Bank

Greg is one of the Relationship Directors in the Sponsors & Structured Finance Group at Lloyds, managing a scale portfolio which is principally comprised of large & mid-cap European primary private equity sponsors.

Greg has led some of the largest capital call and Sustainability Linked Loan financings in the European market, both in terms of absolute quantum and the scale of syndicates involved. Greg has also successfully originated, structured and executed continuation fund financing, GP co-invest and NAV facilities as well as Fund level and Management Company FX solutions.

Greg has a deep sector knowledge of private markets having worked within Fund Finance for over 12 years and been in his current role since 2014.

Kate Sinclair

Simpson Thacher & Bartlett LLP

Rory Smith

Brickfield Recruitment

The World Around Us

3:45 PM | 2022-06-28

Rory Smith

Founder | Brickfield Recruitment

Rory Smith is the founder of Brickfield Recruitment, which he established in 2018 after developing a strong relationship with the fund finance community in his previous role as publisher of the leading Fund Finance publication, known in the industry as the Pink Book.

His unique market knowledge as a recruitment specialist and genuine passion for the fund finance industry are unrivalled, and Rory has built a strong reputation for candor, trust and a deep understanding of his clients’ needs, as well as his ability to connect people throughout the fund finance 360 ecosystem.

Tom Smith

Debevoise & Plimpton

Dragons Den

11:45 AM | 2022-06-28

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.

Thomas Speller

KBRA

Innovation and New Structures

2:30 PM | 2022-06-28

Thomas Speller

Director, Funds | KBRA

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

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

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

Leon Stephenson

Reed Smith LLP

NAV - The Journey Continues

2:30 PM | 2022-06-28

Leon Stephenson

Partner | Co-Head Fund Finance | Reed Smith LLP

Leon is co-lead of the Reed Smith fund finance team, based in London. Leon and the team work with banks, other financial institutional lenders, managers, general partners and limited partners of funds on specialist fund 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 is recognized as a “Leading Individual” in Fund Finance by Legal 500 UK 2023 and the team is recognized in Band 1 in Fund Finance by both Legal 500 UK 2023 and Chambers & Partners UK 2023. Leon was also recognized as “Partner of the Year for Banking” at the Client Choice Awards 2017. Leon represents a large proportion of lenders that provide fund financing as well as a number of private equity and other funds on complex fund finance transactions.

Simon Thwaites

Barclays

Innovation and New Structures

2:30 PM | 2022-06-28

Simon Thwaites

Managing Director, Funds and Equity Solutions Origination | Barclays

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

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

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

Andrew Traynor

Walkers Ireland LLP

Risk Pinch Points

1:45 PM | 2022-06-28

Andrew Traynor

Partner, Co-Head of Finance & Capital Markets | Walkers Ireland LLP

Andrew Traynor is a partner based in Walkers' Irish office and is co-head of the Finance & Capital Markets group. With over 20 years' experience, Andrew has acted for leading US, European and Asian based credit providers and borrowers on hundreds of complex and innovative fund financings and structured deals. He leads one of the largest and most experienced fund finance teams in Ireland who have represented clients on some of the largest and most sophisticated cross-border subscription line, NAV/asset backed, hybrid, co-investment and GP/manager support facilities, margin loan finance, ESG facilities, capital relief and risk transfer trades and other fund linked derivative solutions. Andrew is recognised as a leading individual in Chambers, Legal 500, IFLR 1000 and Who's Who Legal and is a regular speaker and author on fund finance, structured finance and securitisation topics.

Marco Unti

Deutsche Bank

NAV - The Journey Continues

2:30 PM | 2022-06-28

Marco Unti

Managing Director | Deutsche Bank

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

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

Olivier Vermeulen

Paul Hastings

Innovation and New Structures

2:30 PM | 2022-06-28

Olivier Vermeulen

Paris Office Chair, Head Finance Departement | Paul Hastings

Olivier Vermeulen is Office Chair of the Paris office of Paul Hastings and head of the Global Finance department. With a focus in banking and finance, he has extensive experience in leveraged financing (senior, second lien, mezzanine, unirate/unitranche, and SSRCF/high-yield financings), fund financing (EBF and capital call facilities), structured finance (securitization), debt negotiations, and Islamic finance.

Mr. Vermeulen advises both sponsors and borrowers (private equity and infrastructure funds as well as large corporate funds) as well as financial institutions (senior/mezzanine lenders and debt funds).

His strengths in innovation are very clearly demonstrated through the creation of a new product for the French bank finance market in the form of the equity bridge finance facility for European funds.

Raghav Wadhawan

Standard Chartered Bank

NAV - The Journey Continues

2:30 PM | 2022-06-28

Raghav Wadhawan

Executive Director | Standard Chartered Bank

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

Andrew Waldele

Validus

Market Update

4:30 PM | 2022-06-28

Andrew Waldele

Head of Fund Finance Advisory | Validus

Andrew leads the Fund Finance Advisory team at Validus, advising Validus clients across Fund liquidity solutions. The Fund Finance team provides structuring advice and outsourcing support to Validus clients, while keeping Managers informed of key market developments. Andrew also works closely with the strategy and capital markets teams at Validus, supporting hedging design and implementation for interest rate and foreign exchange related risks. Prior to joining Validus in 2019, Andrew covered Financial Institutions at Barclays in New York, supporting commercial bank needs of Insurance Companies and Financial Sponsors. Andrew started his career in Corporate Finance at Willis Towers Watson. Andrew holds a bachelor’s degree in International Relations at Bucknell University.

Kieran Welsh

National Australia Bank

Mind the Gap

1:45 PM | 2022-06-28

Kieran Welsh

National Australia Bank

Kieran is a Director in the Financial Sponsors team at NAB responsible for managing client’s global relationships across the NAB group including the origination and structuring of fund level debt and risk management solutions. With a career spanning over 15 years in Fund Finance, Kieran has structured and led transactions across subscription finance, NAV, Hybrid and preferred equity across a range of asset classes. Prior to joining NAB, Kieran spent three years at Marlborough Partners leading the fund finance advisory practice focused on mid-market PE sponsors, and prior to that Kieran was a Director in the Funds team at Lloyds Bank where he spent ten years managing a portfolio of clients across a range of asset classes.

David Wilson

17Capital

Growth of Non-Bank Lenders

9:15 AM | 2022-06-28

David Wilson

Partner and Co-Head of Credit | 17Capital

David is a Partner, Co-Head of Credit and a member of the Investment Committee at 17Capital, the go-to global source of strategic finance for investors in private equity. 17Capital has raised $10 billion, including the recent closing of its inaugural €2.6 billion Credit Fund, and has deployed over $9 billion across over 80 investments. In March 2022, 17Capital announced a strategic partnership with Oaktree in which Oaktree will acquire a majority stake in 17Capital. The partnership will give 17Capital access to Oaktree’s deep global network. David is based in London and focuses on investments, client solutions and capital markets activities.

David joined 17Capital from J.P. Morgan where he spent 12 years in the structured financing business, having previously held positions at Lehman Brothers and Ernst & Young, where he started his career as a chartered accountant.

David holds a Bachelor’s degree in Mechanical Engineering at Leeds University and has a Master’s degree in Finance at the London Business School.

Martin Wurth

Clifford Chance

Platinum Sponsors

Addleshaw Goddard LLP

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

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

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

Appleby

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

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

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

Ashurst

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

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

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

Ashurst – ranked Band 1, Legal 500 Fund Finance 2024

Cadwalader, Wickersham & Taft LLP

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

Carey Olsen

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

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

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

Clifford Chance LLP

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

Deutsche Bank

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

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

Haynes and Boone

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

Lloyds Bank

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

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

Loyens & Loeff

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

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

Maples Group

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

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

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

Mayer Brown

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

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

Mitsubishi UFJ Financial Group (MUFG)

Mitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo, MUFG has a global network that includes over 1,800 locations in more than 50 countries. With close to 150,000 employees and approximately 300 entities worldwide, MUFG provides access to commercial banking, trust banking, securities trading services, credit cards, consumer banking and finance, asset management, leasing, and other services. Through close partnerships with its operating companies, MUFG aims to “be the world’s most trusted financial group” by responding flexibly to customers’ financial needs, serving society, and fostering shared and sustainable growth for a better world. MUFG shares trade on the Tokyo, Nagoya, and New York (NYSE:MUFG) stock exchanges.

Reed Smith

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

Simmons & Simmons LLP

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

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

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

Simpson Thacher & Bartlett LLP

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

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

Walkers

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

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

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

Wells Fargo Bank

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

Gold Sponsors

17Capital

17Capital is the go-to global source of strategic finance for investors in private equity. It specializes in providing non-dilutive capital to high-quality private equity management companies, funds, and institutional investors as part of their toolkit for value creation and portfolio management.

17Capital offers portfolio finance across the capital structure, providing a broad range of financing options. Investments are structured to support clients’ objectives, while keeping the interests of GPs and LPs aligned.

Since inception, 17Capital has raised over $11 billion and has deployed over $9 billion across 95+ investments. In July 2022, 17Capital announced the completion of Oaktree’s acquisition of a majority interest in 17Capital. The partnership will give 17Capital access to Oaktree’s deep global network. Following the closing of the transaction, 17Capital, will continue to operate as an independent business, with its own product offerings and investment, marketing, and support teams.

abrdn

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

Citco

The Citco Group of Companies (Citco) is a leading provider of asset servicing solutions to the global alternative investment industry.

With over $1.6 trillion in assets under administration and over 8,200 staff deployed across 40 countries, Citco’s unique culture of innovation and client driven solutions has provided Citco’s clients with a highly valued partner for five decades.

Having grown organically into one of the largest asset servicers in the industry, Citco’s Fund Services division offers a full suite of Middle Office services including Treasury and Loan handling, Back Office services including daily NAV calculations and Investor services. Citco’s front-to-back offering combines front-end portfolio capture and real time position monitoring using proprietary Æxeo Technology with reporting delivered by CitcoOne’s industry leading visualisations and dashboards.. In addition, corporate and legal services, regulatory reporting, risk reporting, tax services and financial statement production are amongst a suite of services that are offered to clients.

Citi Private Bank

Citi Private Bank is one of the world’s fastest growing private banks; dedicated to serving worldly and wealthy individuals and families, providing customized private banking across borders. With a network spanning 162 countries and jurisdictions across six continents, Citi serves over 100 million consumers and an institutional client base of around 13,000. Citi Private Bank helps clients grow and preserve wealth, finance assets, make cash work harder, preserve legacies, and serve family and family business needs through objective advice and a truly open architecture investment platform. The firm offers clients products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance, banking and aircraft finance, as well as art advisory and finance.

Debevoise & Plimpton

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

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

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

ING

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

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

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

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

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

Kirkland & Ellis

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

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

Macfarlanes

Macfarlanes

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

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

A simple model

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

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

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

A different international approach

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

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

A human-sized culture

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

Mourant

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

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

Visit www.mourant.com to find out more.

National Australia Bank (NAB)

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

Proskauer

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

Validus

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

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

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

Silver Sponsors

Allen & Overy

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

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

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

Assured Guaranty

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

Bank of America

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

www.bankofamerica.com

Crédit Agricole CIB

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2021). Nearly 8,600 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients. For more information, please visit www.ca-cib.com

Intesa Sanpaolo Group

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

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

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

As at 29 December 2023

Linklaters LLP

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

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

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

Morgan Stanley Private Wealth Management

Nordea

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

Ogier

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

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

Scotiabank

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

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

SuMi TRUST

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

Wildgen

Since 1923, Wildgen has been one of the best known and well-respected full-service business law firms in Luxembourg, possessing a strong track record and continuing to offer sound technical expertise. While fully independent, our firm boasts a wide-ranging and long-established network of experts worldwide, enabling us to select the best advice in each circumstance.

Wildgen’s practice groups offer a complete range of legal, regulatory and tax services and a wealth of experience on domestic and cross-border transactions. They provide integrated services and work closely together so the firm can act as a one-stop shop.

Highly committed to the fund finance industry (the firm hosts the Fund Finance Series, the Fund Finance Experts Talks and contributes to renowned dedicated publications), Wildgen Fund Finance team, led by our internationally awarded expert, Michael Mbayi, is involved in a wide range of transactions, including subscription facilities, NAV facilities, hybrid facilities, and GP and management fee facilities.

Bronze Sponsors

Arthur Cox LLP

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

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

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

Brickfield Recruitment

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

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

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

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

www.brickfieldrecruitment.com

Conyers

Conyers is a leading international law firm with a broad client base including global financial institutions, Fortune 500 companies and asset managers. The Firm advises on Bermuda, British Virgin Islands and Cayman Islands law, from offices in those jurisdictions and in the key financial centres of Hong Kong, London and Singapore.

Conyers’ market-leading fund finance team in the Cayman Islands is dedicated to advising the world’s leading banks and financial institutions on all aspects of fund finance transactions involving Cayman parties including subscription-based, NAV and hybrid transactions. With a proven track record of acting for the leading players in the market we are ideally placed to assist you in structuring and completing complex transactions in a timely and efficient manner.

For more information, click here: https://www.conyers.com/legal-services/finance/fund-finance/

Hedgewood Capital Partners

Hedgewood Capital Partners is a New York headquartered fund finance advisory firm. Hedgewood serves a wide range of borrowers across the private capital space including funds, GPs and LPs, in structuring financing transactions including capital call lines, NAV based debt facilities and preferred equity, GP and management company facilities and LP stake financing. Hedgewood runs a competitive lender sourcing process on behalf of its clients by engaging with its wide network of traditional bank and non-bank lenders, leads negotiations on behalf of clients, drives efficient execution of transactions and provides a comprehensive post-sales service. The firm’s client base extends across the private capital funds space in Europe and the Americas including Private Equity, Private Debt, Hedge Funds and Real Assets.

Natixis Corporate & Investment Banking

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

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

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

OakNorth Bank

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

SJL Jimenez Lunz

SJL is a high-end independent business law firm renowned for its savoir faire and reliability. The firm has been created in 2010 as an independent alternative investment funds, finance, corporate and insolvency & restructuring boutique law firm to fill the increasing need of local legal advice of institutional and corporate clients. SJL offers an outstanding approach on the Luxembourg legal market in terms of legal skills, pragmatism and responsiveness.

SJL has developed a strong expertise in Fund Finance while acting for banks, investment funds and managers in the context of subscription lines, management lines or NAV solutions aiming among others at financing their investments in real estate, private equity or infrastructure sectors. The experience of the team of SJL, led by partner Antoine Fortier Grethen, also explains why the firm offers an outstanding approach on the Luxembourg legal market in terms of legal skills, pragmatism and responsiveness.

Societe Generale

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

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

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

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

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

Stephenson Harwood

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

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

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

Travers Thorp Alberga

Travers Thorp Alberga is a boutique Cayman Islands and British Virgin Islands law firm comprised only of the most experienced lawyers from both jurisdictions and modelled for the post-financial crisis environment. We specialize in highly technical structuring involving complex securities and regulatory issues. Our partners provide incisive and highly effective advice to the highest standard on all types of offshore entities including hedge funds, private equity, corporate and partnership vehicles, asset and structured finance, cryptocurrencies, ICOs/IEOs/STOs, capital markets, general corporate and commercial matters and private client. We advise across a broad- range of fund finance products with particular emphasis on subscription financing, asset backed financing (NAV facilities), hybrid, GP support and co-invest facilities including financings via umbrella facilities and separately managed accounts. We are highly experienced in financing diverse investments, including real estate, distressed assets, loan portfolios and acquisition of assets located in emerging markets. We advise from our offices in Grand Cayman, the British Virgin Islands, Hong Kong, London, New Zealand and Australia.

Media Partners

Global Legal Group

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

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

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

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2022 London Journal

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