FFA Event

14th Annual Global Fund Finance Symposium

Name: 14th Annual Global Fund Finance Symposium
Start: 2025-02-24T12:00:00Z
End: 2025-02-27T12:00:00Z
Location: Fontainebleau

February 24 - 27, 2025

MIAMI BEACH

The FFA Room block is now closed. We’re sorry for the inconvenience. While the FFA’s block is now closed, the Fontainebleau may still have availability. Please contact reservations@fontainebleau.com to inquire about the hotel’s remaining inventory and current rates.

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 2024 Events were attended by over 2,500 industry professionals representing over 500 firms.

Sammy Asoli

SMBC

Fund Finance 101

10:25 AM | 2025-02-24

Sammy Asoli

General Manager & Managing Director | SMBC

Sammy Asoli joined SMBC in August of 2020 as Global Head of Fund Finance Solutions. Prior to SMBC Sammy served as the Global Co-Head of Sponsor Finance and Deputy Head of FIG, North America at Lloyds Banking Group. Before his time at Lloyds, Sammy held positions at J.P. Morgan, The Blackstone Group, and Goldman Sachs & Co where he built up his extensive background in various aspects of Private Equity. Sammy earned his Bachelor of Science from Manhattan College where he studied economics, and later when on to Columbia University to obtain a Master of Public Administration (MPA) of Economic Policy & Management.

Devi Aurora

S&P Global Ratings

Fund Finance 101

10:25 AM | 2025-02-24

A discussion on Bank Balance Sheet Management Tools - SRT’s, Ratings, and more

10:25 AM | 2025-02-26

Devi Aurora

Managing Director and Analytical Manager | S&P Global Ratings

Based in New York, Devi Aurora is Managing Director and Analytical Manager at S&P Global Ratings. She heads a diversified portfolio of U.S. financial institutions in S&P’s ratings practice, and her team of experienced analysts has a portfolio that covers U.S. banks, securities firms, financial market infrastructure companies, and alternative funds. As team leader, she manages relationships with issuers and investors, and is responsible for ensuring analytical rigor and consistency across financial institutions and alternative funds ratings.

Prior to her most recent position, she served as a senior member of the global Financial Institutions team, where she analyzed banks and other financial institutions and specialized in research and thoughtleading commentaries on banking industry trends and regularly represented S&P’s views on these topics.

Devi began her career as an international macroeconomist and country risk expert at DRI/Global Insight. She subsequently specialized in fixed income research and corporate credit trends analysis for S&P Global, with a focus on default research and leveraged finance. She has 25 years of experience with credit analysis, fixed-income analytics, economic modeling and forecasting.

Devi holds a M.A. degree in international economics from Yale University and a B.A. degree in Economics and French from Vassar College, where she graduated Phi Beta Kappa.

Peter Beardsley

Loeb & Loeb LLP

Atypical Collateral Underwriting Considerations

1:40 PM | 2025-02-24

Peter Beardsley

Partner | Loeb & Loeb LLP

Peter Beardsley maintains a diverse lending practice focusing on cash flow credit facilities, fund finance (both capital call and management lines), private bank lending to high net worth individuals, asset-based loans and lender finance.

Peter has significant experience representing banks, credit funds and other financial institutions and lenders (as administrative agents, collateral agents and lenders), as well as borrowers, in all types of secured and unsecured credit facilities, including bilateral, club and syndicated credit facilities, structured finance facilities to business development companies, SPVs, and other specialty finance companies, acquisition finance, subscription finance, aircraft financings and ship financings.

Peter’s fund finance practice involves representing lenders on subscription credit facilities, hybrid facilities, NAV, management lines and co-investment facilities to all types of private equity funds, credit funds, real estate funds and other investment funds, from loans to the world’s largest sponsors to those in the middle market.

On the private bank lending side, Peter regularly represents lenders in connection with art loans, lending to not-for-profit organizations, securities backed loans (including single stock transactions, lending secured by restricted securities, operating limited partnership units in REITS and other organizations, etc.) and margin lending.

In addition, Peter has substantial experience in commercial loan workout negotiations, restructuring distressed credit facilities and representing DIP lenders.

Peter is a writer and speaker on matters of interest to financial institutions and leasing companies as part of various educational programs.

James Beck

Standard Chartered

Syndication Update

11:35 AM | 2025-02-24

James Beck

Director | Standard Chartered

James Beck is a Director on Standard Chartered’s Loan Syndication team, based in New York. He has been with the bank since 2019. James has been working in the fund finance space for the past decade and is responsible for managing the distribution of capital call facilities to banks and institutional investors.

James complements Standard Chartered’s fund finance platform with a deep knowledge of bank and institutional appetite across asset classes enabling distribution to an array of domestic and international investors.

Prior to his time at Standard Chartered, James was responsible for the syndication of structured finance products including capital call facilities, asset backed facilities, US corporates, and Latin American corporates at SMBC. He holds a Bachelor of Science degree in Economics and History from Gettysburg College.

Brad Boland

Huntington National Bank

Familiar Faces, New Places

1:40 PM | 2025-02-26

Brad Boland

Managing Director | Huntington National Bank

Brad Boland joined Huntington National Bank in June of 2023 and is the Head of the Huntington Fund Finance group. In this role he leads a team that is responsible for the origination, structuring and ongoing management of various fund finance products including subscription facilities, management company lines of credit as well as certain ancillary products that are relevant to Huntington’s private equity client base.

Prior to joining Huntington, Brad worked as a Managing Director in Signature Bank’s Fund Bank Division from May 2019 through May 2023. Prior to Signature, Brad worked for nine years in Wells Fargo’s Subscription Finance Group where he was head of the group’s U.S. originations team at the time of his departure. Before joining Wells Fargo, Brad spent ten years at Bank of America in various areas including the Healthcare Finance, Sports Finance & Advisory and Global Structured Products groups.

Brad serves on the board of the Alexander Children’s Foundation in Charlotte, NC.

Aaron Braun

Macquarie

Rory Callagy

Moody's Ratings

Private Credit: Navigating the Golden Age

1:40 PM | 2025-02-24

Rory Callagy

Associate Managing Director, Financial Institutions | Moody's Ratings

Rory Callagy is an Associate Managing Director in the Financial Institutions Group. He is currently responsible for global ratings and research in the asset management industry. This includes ratings on asset managers as well as investment funds. He joined Moody’s in 1998, working on analysis of investment funds. Rory regularly speaks at industry conferences and is frequently cited in the media on asset management industry trends and developments. Rory holds a BA in Government from Georgetown University.

Julie Caperton

Wells Fargo

Keynote: Divesh Makan

11:35 AM | 2025-02-26

Julie Caperton

Head of The Private Bank and Wells Fargo Partnerships | Wells Fargo

As the head of The Private Bank and Wells Fargo Partnerships, Julie Caperton leads efforts to create a client-centric experience for high-networth clients, ensuring that the Wealth & Investment Management (WIM) division’s largest clients have access to Wells Fargo’s entire platform. She also acts as the point of contact for Commercial Banking (CB) and Corporate & Investment Banking (CIB) clients seeking WIM services.

Since joining Wells Fargo in 2002, Julie has held several leadership positions. Most recently, she served as the head of The Private Bank and Banking, Lending, & Trust for the WIM division. Previously, she was the head of Corporate Development and was responsible for enterprise-wide mergers, acquisitions, divestitures, and strategic investments. She also served as the head of Asset-Backed Finance and Corporate Trust Services and as the head of structured products in the legal division. She began her career as a securities law and structured-finance attorney with Cadwalader, Wickersham & Taft.

Julie has a bachelor of arts in English and history from Syracuse University and a J.D. from Wake Forest University School of Law. She has been named multiple times to the American Banker “Most Powerful Women in Banking” list.

Outside of work, Julie is involved in fundraising for educational, arts, and medical research organizations. She serves on the board of visitors of Wake Forest Law School and on the board of directors for Asian & Pacific Islander American Scholars. Julie, an avid runner and traveler, lives in Cornelius, North Carolina, with her husband, two children, and two dogs.

Richard Chiu

Mizuho Americas

Syndication Update

11:35 AM | 2025-02-24

Richard Chiu

Director, Fund Finance | Mizuho Americas

Richard Chiu is a Director in Fund Finance in Mizuho Americas, responsible for originating, structuring, executing and syndicating NAV and subscription finance transactions. Prior to joining the bank, Richard was Director and Head of the Client Management & Execution team for Funds and Financial Institutions in National Australia Bank’s New York branch. Richard has also worked across fund finance, project finance, corporate lending and workout in two other organizations prior to National Australia Bank. Richard is a CFA Charterholder and is a graduate of the University of Sydney in Australia.

Rich Cocozza

Goldman Sachs

Private Credit: Navigating the Golden Age

1:40 PM | 2025-02-24

Rich Cocozza

Vice President | Goldman Sachs

Rich Cocozza is a Vice President in the Alternative Markets Group at Goldman Sachs, where he is responsible for sourcing and structuring fund finance transactions across Private Credit ABL’s, PE NAV, and Subscription Facilities. Prior to Goldman, Rich was the Chief Risk Officer and member of the management committee at Avenue Capital Group, where he was responsible for risk management of the firm’s funds and strategies globally. Prior to Avenue, Rich was an Executive Director at JP Morgan, where he oversaw risk management for the North American Prime Brokerage business. Rich graduated with a BA, Phi Beta Kappa, from Syracuse University in 2005 and holds a JD, with honors, from New York Law School which he received in 2010.

Doug Cruikshank

Hark Capital

Fund Finance Market Update

11:35 AM | 2025-02-24

Doug Cruikshank

Managing Partner & Founder | Hark Capital

Doug Cruikshank is the Managing Partner & Founder of Hark Capital which he co-founded in 2012. He is responsible for all aspects of firm management and chairs Hark's investment committees.

Prior to founding Hark, Doug was a Managing Director at Barclays and Lehman Brothers covering financial sponsor clients. Prior to that, he worked at Credit Suisse and JP Morgan.

Doug received an A.B. from Princeton University and an M.B.A. from the Kellogg School of Management at Northwestern University

Chris Delson

Morrison Foerster

Syndication Update

11:35 AM | 2025-02-24

Chris Delson

Partner | Morrison Foerster

Chris Delson regularly represents lenders in syndicated subscription and other fund finance credit facilities.

Chris has over 20 years of experience in the fund finance industry and spends a significant amount of his time representing lenders in the making of credit facilities to private equity funds and REITs, including subscription lines of credit, borrowing base facilities, unsecured lines of credit, and “after care” facilities. These include some of the largest subscription lines of credit structured to date to both U.S.-based and non-U.S.-based funds, with both U.S.-based and non-U.S.-based investors and collateral, and both syndicated and non-syndicated transactions. Chris has also actively participated in the restructuring and workout of fund finance facilities.

Chris also regularly represents lenders in large syndicated construction loans covering a variety of asset classes, including office buildings, hotels, condominiums, and multifamily projects, both in New York and nationwide. He has represented numerous buyers and sellers in connection with the purchase and sale of different types of real property, including commercial office buildings, industrial properties, hotels, large residential properties, and unimproved land. Chris has advised clients on a number of loan portfolio sales and acquisitions. Informed by his long-time representation of a substantial number of construction and permanent lenders and his ongoing work with debt and equity investors in the United States and overseas, he advises clients regarding restructurings and, as needed, timely pursuits of legal remedies for troubled situations.

Missy Dolski

Värde Partners

Fund Finance Market Update

11:35 AM | 2025-02-24

Missy Dolski

Global Head of Capital Markets | Värde Partners

Missy Dolski is a Senior Managing Director and Global Head of Capital Markets. Missy joined Värde in 2017 and is responsible for managing relationships with key capital markets accounts globally. She is also responsible for the debt advisory and financing execution needs of the firm’s investment book in both public and private debt markets, as well as for the firm’s fund financing needs.

Prior to joining Värde, Missy was a Director at Wells Fargo Securities in the Commercial Real Estate Capital Markets & Finance group where she focused on capital markets financing for a variety of non-bank lender clients. Throughout her career she held multiple roles at Wells Fargo within its structured finance, principal investing and corporate credit divisions in New York, London and San Francisco.

Missy graduated from the University of Minnesota’s Carlson School of Management with a B.S. in Business Administration and received an M.B.A. with distinction from London Business School.

Oliver Dunsche

Deutsche Bank

NAV Lending to Buyout Funds

2:50 PM | 2025-02-24

Oliver Dunsche

Managing Director | Deutsche Bank

Oliver Dunsche is a Managing Director and head of the Fund Finance business within the Private Credit & Infrastructure group at Deutsche Bank. Prior to DB, Oliver was responsible for Senior Portfolio Financing at BNP Paribas and Head of Credit Structuring at Barclays. Oliver began his banking career as a HY and IG credit trader at Morgan Stanley. Before his banking career, Oliver was a consultant in the risk management practice of Oliver, Wyman & Company in both New York and Singapore.

Oliver received both an MBA and B.Sc. from the Wharton School at the University of Pennsylvania.

Fazillah Durante

TD Securities

Private Credit: Navigating the Golden Age

1:40 PM | 2025-02-24

Fazillah Durante

Head of Fund Finance Origination | TD Securities

Fazillah Duante is Head of Fund Finance Origination at TD Securities based in New York. She is responsible for developing cross-product solutions and strategies for Private Capital clients at the Fund, Manager, and Asset level, with close collaboration with the firm's Financial Sponsors, Financial Institutions, and Global Markets teams.

Prior to joining TD in 2024, Fazillah was Managing Director – U.S. Financial Sponsors & Fund Finance at Scotiabank, where she drove growth strategies across Global Markets and Corporate & Investment Banking for the past two decades in the Toronto, Bahamas and New York offices.
Fazillah is actively involved in industry leadership as the Co-Head of Women in Fund Finance Americas. She is also a CFA Charterholder.

Greg Fayvilevich

Fitch Ratings

A discussion on Bank Balance Sheet Management Tools - SRT’s, Ratings, and more

10:25 AM | 2025-02-26

Greg Fayvilevich

Global Head of Funds Group | Fitch Ratings

Greg Fayvilevich is a Managing Director and global head of Fitch Ratings' Funds & Asset Managers group, based in London. The Funds group is responsible for Fitch’s coverage of money market funds, local government investment pools, and bond funds. Greg’s team is responsible for assigning and maintaining ratings, developing rating criteria and models, and publishing research on analytical and regulatory developments affecting the sectors the group covers.

Previously, Greg was a member of the Financial Guarantors group at Fitch. Prior to joining Fitch, Greg worked for ACE Group.

Greg earned a BS in finance from Rutgers University.

Trevor Freeman

Axos Bank

Familiar Faces, New Places

1:40 PM | 2025-02-26

Trevor Freeman

SVP, Managing Director-Head of Fund Finance | Axos Bank

Trevor Freeman is SVP, Managing Director of Fund Finance at Axos Bank where he has built a full-service Fund Finance business that offers comprehensive NAV, Hybrid, Subscription (to both diversified and single-investor vehicles), Management Company, and General Partner Capital Contribution financing solutions to Private Equity, Private Credit, and Venture Capital clients.

Prior to joining Axos Bank, Trevor Freeman was a founding member of Signature Bank’s Fund Banking Group. In that role, he helped launch the team and grew the portfolio from inception to over $55B at its peak. Trevor began his career in leveraged finance providing senior secured revolvers to private equity backed companies and soon held senior positions at both Silicon Valley Bank and Citibank in their Sponsor Finance/Fund Banking groups. He completed formal credit training at the outset of his career and earned a postgraduate Diploma in Credit Analysis from New York University.

Originally from the Bay Area, Trevor was recruited to play NCAA Division I water polo at Fordham University where he was a four-year starter, team Captain and graduated in fifth-place on the school’s single-season scoring list. Trevor resides in Manhattan with his wife and daughter. In his free time, he enjoys swimming on a local Masters team and attempts to restrain himself while watching his seven-year-old daughter’s swim practices and competitions.

Chris Galletta

SMBC

Fund Finance 101

10:25 AM | 2025-02-24

Chris Galletta

Executive Director, Head of Fund Finance Portfolio Management | SMBC

Chris Galletta is an Executive Director and Head of Portfolio Management within SMBC’s Fund Finance Solutions Department. Chris joined SMBC in 2021 after six years with Wells Fargo’s Subscription Finance Group where he began as a member of the Origination team before his promotion to the Head of Collateral Management team. Before his tenure with Wells Fargo, Chris worked as a consultant within Deloitte’s Global Transfer Pricing team. Chris has a Bachelor of Arts and Science from Muhlenberg College where he graduated cum laude with honors in mathematics and accounting. Chris is a CFA charterholder.

Dyan Gibbens

Defense Advanced Research Projects Agency (DARPA)

Keynote: Fireside Chat with Helen Quick & Dyan Gibbens

11:35 AM | 2025-02-25

Dyan Gibbens

Senior Advisor | Defense Advanced Research Projects Agency (DARPA)

Dyan Gibbens, a Senior Advisor at Defense Advanced Research Projects Agency (DARPA), leads Trumbull a Forbes Top 25 Veteran Founded Startup, serving energy and defense. Dyan studied engineering, instructed skydiving, and learned to fly at the U.S. Air Force Academy with experience in autonomy, aerospace, and AI. As a Veteran Fellow at Stanford University’s Hoover Institution, Dyan focused on AI in space and completed Wharton’s CTO Program. She earned her MBA from OSU, then studied industrial engineering focused on computer vision and optimization.

After serving as an Acquisitions Officer, Dyan supported Air Force One, then tech initiatives during Obama, Trump, and Biden administrations and G7 I7. In 2019, Google selected Dyan as 1 of 8 globally to serve on the Advanced Technology External Advisory Council (“AI Council”). In 2020, the White House U.S. CTO asked her to serve as 1 of 9 on the Global Partnership on AI. Dyan advised the innovation arms of the U.S. Air and Space Forces, founded autonome.org and works with Stanford Engineering to introduce engineers to national security.

Teodor Gjika

Citi

Tom Glover

BC Partners

Ancillary Fund Finance Products

2:50 PM | 2025-02-24

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.

Flora Go

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Familiar Faces, New Places

1:40 PM | 2025-02-26

Flora Go

Partner | Paul, Weiss, Rifkind, Wharton & Garrison LLP

A partner in the Corporate Department and head of our Fund Finance Group, Flora Go represents asset managers and their investment funds in a broad spectrum of fund-level leverage transactions for private equity, senior credit, mezzanine credit, special situations, real estate, infrastructure and other strategies. She has particular expertise advising funds with complex tax and regulatory structures on financings collateralized or supported by underlying fund investments. Flora also has extensive experience in subscription-based facilities, hybrid facilities and in other types of investment fund leverage.

Flora regularly speaks on fund finance topics and actively contributes to industry conferences and panel discussions hosted by the Practising Law Institute, American Bar Association, Fund Finance Association and others. She currently serves as the Vice-Chair for the Fund Finance Subcommittee of the American Bar Association.

William Gonska

MUFG

Atypical Collateral Underwriting Considerations

1:40 PM | 2025-02-24

William Gonska

Director | MUFG

William Gonska is a Director on the Funds Finance team at MUFG in New York. He covers clients across the US and is responsible for negotiating, originating, and structuring facilities across the bank’s portfolio. The team focuses on leading large credit facilities often bespoke in nature to sponsors across all asset types. Will has been with the bank for 10 years, previously working at Citibank in their Funds Finance and Risk Strategy groups. Will holds a degree in Finance and Economics from New York University’s Leonard N. Stern School of Business and is a CFA charterholder.

Dane Graham

17Capital

NAV Lending to Buyout Funds

2:50 PM | 2025-02-24

Dane Graham

Managing Director | 17Capital

Dane is Partner at 17Capital, a private credit manager specializing in NAV finance for the private equity industry. Dane heads up the New York office, is a member of the Investment committee and has over 21 years of industry experience advising on and structuring strategic finance solutions for alternative asset managers. He joined 17Capital from RBC Capital Markets, where he served as a Managing Director within the Financial Institutions Group. Prior to that, Dane served as a Managing Director in the FIG group at Citigroup. He earned his MBA from the Pennsylvania State University.

Michael Hacker

AlpInvest Partners

Fund Finance 101

10:25 AM | 2025-02-24

Michael Hacker

Partner & Co-Head, Secondary and Portfolio Finance | AlpInvest Partners

Michael Hacker, Partner, is Global Head of Portfolio Finance and Co-head of AlpInvest’s Secondary & Portfolio Finance team where he is focused on providing credit- and equity-oriented liquidity solutions to owners and managers of private investments. Michael is also of the Chairman of AlpInvest’s global Investment Committee and represents AlpInvest on numerous Advisory Boards.

Since launching the firm’s portfolio finance efforts in 2018, Michael has helped position AlpInvest as a leader in this rapidly growing segment providing NAV-based financings for private funds, general partners and their management companies as well as LP Interest portfolios while pursuing complementary credit secondary investments.

Over nearly 20 years as both an investor and advisor, Michael has led over 65 transactions across secondaries and portfolio finance, representing more than $15 billion in total volume, including purchases of LP interest portfolios, various portfolio financings, fund recapitalizations, spinouts and continuation funds.

Michael joined AlpInvest Partners in 2007 from UBS Investment Bank, where he was an original member of the Private Funds Group responsible for providing Secondary Market advisory services. Previously, he was a member of the Leveraged Finance Group of CIBC World Markets. Michael received a BA in History, cum laude, from Williams College and an MBA from The Wharton School, University of Pennsylvania.

Mike Henry

U.S. Bank

Michelle Herrick

JPMorgan Chase

Keynote: Willy Walker & Michelle Herrick

9:10 AM | 2025-02-25

Michelle Herrick

Head of Commercial Real Estate | JPMorgan Chase

Michelle Herrick is responsible for JPMorgan Chase Commercial Banking’s $145 billion Commercial Real Estate
(CRE) portfolio, which is the largest in the U.S. and plays an essential role in developing and strengthening
communities. The CRE portfolio consists of four businesses: Agency Lending, Community Development Banking (CDB), Commercial Term Lending (CTL), and Real Estate Banking (REB).

Michelle joined JPMorgan Chase in 2017 to run the Real Estate Banking Central region. In 2021, she was promoted to head of Real Estate Banking and then head of Commercial Real Estate in 2025. Before joining the firm, she held roles at Bank of America and its predecessor, LaSalle Bank.

Michelle received a bachelor’s degrees in accounting and finance from Miami University. She earned an MBA from the University of Chicago Booth School of Business.

Michelle is active in her community serving as global trustee for the Urban Land Institute and a member of the ULI Americas Executive Committee. She sits on the board of directors for The Real Estate Roundtable and is on the advisory board of nonprofit One Million Degrees.

Michelle lives with her husband and three children in Chicago.

James Hoggett

King & Spalding

Syndication Update

11:35 AM | 2025-02-24

James Hoggett

Partner | King & Spalding

James is a Fund Finance partner with many years’ experience advising lenders and GPs on the full range of lending products, including large syndicated subscription facilities, NAV and hybrid facilities, as well as GP support and co-invest structures. He routinely works with some of the biggest names in private equity, secondaries and private credit, as well as helping newer entrants to navigate the fund finance market and the huge variety of structures available in this dynamic space.

James has multiple rankings by Chambers UK in the Banking & Finance: Fund Finance category. The client feedback in the 2024 guide included that “James has great commercial and technical skills and client service. We are always happy working with him.” James is also recognised as a key lawyer in Fund Finance by Legal 500 UK.

Joel Holsinger

Ares

Keynote: Joel Holsinger

4:05 PM | 2025-02-24

Joel Holsinger

Partner, Portfolio Manager and Co-Head of Alternative Credit | Ares

Mr. Holsinger is a Partner, Portfolio Manager and Co-Head of Alternative Credit in the Ares Credit Group. Mr. Holsinger serves as a member of the Ares Credit Group's Alternative Credit Executive Committee and the Alternative Credit, Pathfinder and Pathfinder Core Investment Committees. Ares and Pathfinder’s (Ares Alt Credit’s flagship fund) portfolio managers have committed to donating at least 10% of the fund’s carried interest profits to global health and education charities. Pathfinder is the first institutional fund to utilize predefined structure to donate significant future carried interest to support charitable initiatives.

Prior to joining Ares in 2019, Mr. Holsinger was a Partner at Fortress Investment Group in the Credit Group, where he served on the Management Committee of Fortress and the Investment Committee for the Credit Funds and he also co-headed Illiquid Credit and focused on tactical and opportunistic direct investments across all asset classes and geographies. Previously, Mr. Holsinger was a Founding Partner of Atalaya Capital Management, where he co-headed the investment committee.

Mr. Holsinger currently serves on several corporate boards and advisory groups with a particular focus on global health and education. He serves on the board of directors of PATH Global Health, is a member of the NYU Public Health Dean’s Counsel, on the advisory board for Kubik (a low carbon impact disruptor in Africa) and GRDC Co-Chair for East Coast for the Ares Foundation. He is also active with several additional charities including Khan Academy, Childlife Foundation, Joe Torre Safe at Home Foundation, Milken/PCF and UNICEF. Mr. Holsinger has also served as an adjunct faculty at Emory University’s Goizueta Business School in their Center for Alternative Investments periodically over the last decade.

Aditi Iyer

Kirkland

Bronwen Jones

Reed Smith

Trends and Innovations in Secondaries NAV Lending

1:40 PM | 2025-02-26

Bronwen Jones

Co-Head of Fund Finance | Reed Smith

Bronwen is co-head of the Fund Finance practice at Reed Smith and has over twenty years’ experience in Fund Finance, having been active in the space since its inception in the London market.

She acts for banks and other financial institutions, sponsors, general partners, and fund managers on a whole range of fund finance matters including capital call (subscription line) facilities, Net Asset Value (NAV) facilities, hybrid facilities, and general partner and co-investment facilities.

She is ranked by Chambers UK in Band 1 for Banking & Finance: Fund Finance and is recognised as a “Leading Individual” in Fund Finance by The Legal 500 UK. The Reed Smith team is also ranked Band 1 in Chambers UK and Tier 1 in The Legal 500 UK for Fund Finance in London.

Bronwen brings significant market experience, innovative thought, and patience to sophisticated deals, and is renowned for her ability to deliver complex concepts to her clients.

Jinyoung Joo

Proskauer

Apoorva Joshi

Ardian

Josh Kinsey

EverBank

Trends and Innovations in Secondaries NAV Lending

1:40 PM | 2025-02-26

Josh Kinsey

Managing Director, Head of Asset-Backed Finance Credit | EverBank

Josh Kinsey is a Managing Director at EverBank and Head of Asset-Backed Finance Credit.

He joined EverBank in 2014 and has 14 years of credit experience in structured products, fund finance, corporate lending and commercial real estate. Josh is responsible for the credit quality and oversight of the bank’s fund finance, corporate debt finance, lender finance and structured real estate lending verticals. He is the Chairperson of EverBank’s Asset-Backed Finance Credit Committee.

In previous roles, he was responsible for diligence, structuring and execution of fund finance and structured loan products across a variety of sectors. Josh graduated Cum Laude from Jacksonville University in 2009 with a Bachelor of Science in Finance. He lives in New Jersey with his wife and three children.

Bethany Knight

Riverside Risk Advisors

Hedging and Fund Risk Management

2:50 PM | 2025-02-26

Bethany Knight

Managing Director | Riverside Risk Advisors

Bethany is a Managing Director at Riverside Risk Advisors, where she leads the equity derivative business line and also structures and negotiates interest rate and foreign currency hedging transactions with corporate and private equity clients.

Before joining Riverside, Bethany spent over six years in Equity Capital Markets at Deutsche Bank, where she specialized in underwriting, structuring, and originating equity-linked capital products, including convertible bonds and corporate equity derivative transactions, such as call spreads, capped calls, collars, and accelerated share repurchase programs. During her tenure, she focused on corporate and private equity clients optimizing capital structure with special emphasis on tax considerations and security regulations as well as hedging transaction risk. Notable transactions include Dish Network's $3bn call spread and convertible notes due 2026, which received IFR's 2016 Americas Structured Equity Issue Award, and sole structuring agent and counterparty to the $1.5bn funded collar on Waha Capital's stake in AerCap, which won the M&A Advisor's 2015 Cross Border Financing Deal of the Year Award.

Bethany began her career in the energy sector at allmineral LLC, an OEM firm, where she worked on project finance and process design for pre-combustion coal cleaning plants.  Her clients included major utilities like TXU and GRE, as well as coal mines and developers such as Headwaters and Falkirk Mining.

Katy Kouzinas

Commonwealth Bank of Australia

Atypical Collateral Underwriting Considerations

1:40 PM | 2025-02-24

Katy Kouzinas

Director | Commonwealth Bank of Australia

Katy is a Director on the Fund Finance team at CBA, responsible for the origination, structuring and execution of fund finance transactions and overall relationship management for sponsor clients within the bank.

Katy has been with CBA for 10 years, previously covering Natural Resources, Infrastructure and Renewables in Australia, before moving to New York in 2019. Prior to CBA, Katy spent 5 years at National Australia Bank, predominantly covering Mining, Oil & Gas.

Katy is familiar with a number of financing structures and products, including project and corporate finance, leverage finance, derivatives, sub lines and NAV.

Heather Lamberton

Centerbridge

Private Credit: Navigating the Golden Age

1:40 PM | 2025-02-24

Heather Lamberton

Senior Managing Director | Centerbridge

Heather joined Centerbridge in 2016 as the Firm’s Head of Capital Markets.  In this capacity, Heather manages the capital markets activity in support of the Firm’s portfolio companies.  In addition, Heather is a member of the Overland Advantage Investment Committee and coordinates origination activity for Overland.  Prior to joining Centerbridge, Heather was a Managing Director in Bank of America Merrill Lynch’s Leveraged Finance Group in New York, where she managed the industry sector for all Retail and Consumer Products bank and bond financings.  Heather serves on the Board of Directors of the non-profit organization YMCA Camp Huckins.

Heather received an A.B., cum laude, from Princeton University.

Jons Lehmann

Fried Frank

Private Credit: Navigating the Golden Age

1:40 PM | 2025-02-24

Jons Lehmann

Partner | Fried Frank

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

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

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

Ilya Lipsman

BNY Mellon

Private Credit: Navigating the Golden Age

1:40 PM | 2025-02-24

Ilya Lipsman

Director, Alternative Funds Lending | BNY Mellon

Ilya is a Director on Bank of New York’s Alternative Funds Lending team. The Alt Funds Lending team focuses on fund and portfolio level financing initiatives for Alternative Investment clients. Ilya’s core mandate at BNY is Asset Based Lending to Private Credit Fund clients. Prior to BNY Ilya spent 8 years in Carlyle’s Global Credit business. Ilya’s time at Carlyle was split between the aviation, cross-credit, and private credit units – having sat in both investment management and fund management seats. Ilya’s early career was spent within the equity and credit derivative business lines at market leading Investment Banks.

Ilya holds a BA from CUNY Baruch College.

Anthony Lombardi

Dechert LLP

Ancillary Fund Finance Products

2:50 PM | 2025-02-24

Anthony Lombardi

Partner | Dechert LLP

Anthony Lombardi is a partner in Dechert’s corporate practice, focusing on a diverse range of fund finance and structured finance transactions. Mr. Lombardi has extensive experience acting on NAV-based facilities, collateralized fund obligations, hybrid asset-backed facilities for funds, GP facilities, Co-invest/partner financing facilities, LP NAV facilities, capital call/subscription lines and other secured lending facilities backed by a variety of asset classes and financial products in both European jurisdictions and the U.S.

Mr. Lombardi regularly acts for private equity funds, hedge funds, real estate funds, infrastructure funds, private debt, secondary funds, private banks, family offices and ultra-high-net-worth individuals. He also has extensive experience advising on the purchase and sale of European, U.S. and emerging markets distressed assets, including bank debt and claims, plus swaps, derivatives and repurchase agreements. In addition, he advises on secured-lending facilities utilizing total return swaps and repurchase agreements.

Recommended by The Legal 500 UK, 2024 for fund finance, clients describe Mr. Lombardi as “a diligent financing lawyer” noted for his strong “technical knowledge” and remarking that “he has the incredible ability to structure transactions in the best interests of his clients, and he really knows the deal inside out. He is involved in every detail and is a real champion. He is someone you want on your side of the table.” He is also recognized as someone who “goes above and beyond for his clients…is exceptionally commercial...with deep-seated knowledge, understanding and innovation,” while providing “pragmatic and commercial advice.”

David Lucking

Linklaters

A discussion on Bank Balance Sheet Management Tools - SRT’s, Ratings, and more

10:25 AM | 2025-02-26

David Lucking

Partner | Linklaters

David is a Partner in Linklaters’ U.S. Structured Finance Practice and leader in the credit derivatives market. David advises global financial institutions and private credit funds on a wide range of derivatives products and asset classes (including credit, rates, FX, equity, longevity) in both funded and unfunded form. He has drafted a number of market standard document templates for the International Swaps and Derivatives Association, Inc. (ISDA) and is the U.S. adviser to the Credit Derivatives Determinations Committees which determine Credit Events and other matters for the global credit derivatives market. David is a vocal advocate for the LGBTQ+ community and regularly leads initiatives to encourage workplace diversity and helps foster a culture where all colleagues feel welcome and valued.

Jaime Madell

Paul Hastings

Hedging and Fund Risk Management

2:50 PM | 2025-02-26

Jaime Madell

Partner | Paul Hastings

Jaime Madell is a partner in the Derivatives practice of Paul Hastings and is based in the firm's New York office. He advises clients on a wide range of derivatives and related matters and his practice spans all asset classes and product types, including over-the-counter and exchange-traded transactions in credit, equity, commodity, crypto, energy, interest rate and foreign exchange. 

In addition to counseling clients on transactional matters, Jaime regularly appears before regulators and advises on questions involving the Dodd-Frank Act, the Investment Company Act, NFA/CFTC registration obligations and exemptions, insurance-related derivatives rules, and securities regulatory matters related to derivatives and hybrid instruments.

Before joining Paul Hastings, Jaime was a partner at another international law firm and a managing director responsible for derivatives and related matters at Guggenheim Partners. 

Jaime has regularly appeared before regulators in an advocacy capacity and often speaks publicly on derivatives matters. He is also a Lecturer-in-Law at the University of Chicago Law School. 

Divesh Makan

ICONIQ Capital

Keynote: Divesh Makan

11:35 AM | 2025-02-26

Divesh Makan

Founding Partner | ICONIQ Capital

Divesh Makan is a founding partner of ICONIQ Capital, a global firm that advises and invests on behalf of some of the world’s most influential families and organizations while driving transformation at the intersection of technology and traditional industries. Founded in 2011, ICONIQ seeks to build resilient investment portfolios, partner with inspired entrepreneurs, and create uncommon opportunities across sectors and society. Previously, Divesh was an executive director at Morgan Stanley, vice president at Goldman Sachs, and a senior manager at Accenture specializing in private equity investments. A trusted advisor for multiple companies and other organizations, Divesh serves on the UCSF Foundation Board and on the board of SFJazz, an internationally respected nonprofit supporting music creation, presentation, and education. He holds an MBA from the Wharton School and BS in Electrical Engineering from the University of Natal, South Africa. Divesh lives in the San Francisco Bay Area with his wife and three daughters.

Justin Malins

Charlesbank

Ancillary Fund Finance Products

2:50 PM | 2025-02-24

Justin Malins

Senior Treasury Manager | Charlesbank

Justin is a Senior Manager at Charlesbank Capital Partners, a middle-market private investment firm in Boston, focused on Private Equity, Tech, and Credit strategies. In his role, Justin leads Charlesbank’s Treasury team—managing firm and fund liquidity, overseeing credit facilities, coordinating deal closings, and building relationships with a range of banking partners.

Prior to joining Charlesbank, Justin held Treasury positions at other Boston-based investment managers, where he gained extensive experience in FX hedging strategies and implementing treasury management systems. He holds a Bachelor of Science in Finance, an MBA, and a Master’s in Finance—all from Northeastern University.

Sara McGinty

Ares

A discussion on Bank Balance Sheet Management Tools - SRT’s, Ratings, and more

10:25 AM | 2025-02-26

Sara McGinty

Partner | Ares

Ms. McGinty is a Partner in the Ares Credit Group, where she focuses on alternative credit investments as the Head of Capital Markets. Prior to joining Ares in 2023, Ms. McGinty was the Head of Partnerships & Business Development and Co-Head of Capital Markets at Theorem Partners. Previously, she was an Executive Director at Morgan Stanley in London, where she was the Head of Syndication for the Secured Lending business. In addition, Ms. McGinty also held various roles in Credit Sales at Morgan Stanley and Bear Stearns, where she covered asset managers for corporate credit products in New York and London. She holds a B.S. from Villanova University in Finance and an M.A. from City, University of London in Investment Management.

Ashlea McLelland

TPG

Jed Miller

Cadwlader, Wickersham & Taft

The Future of Securitization in Fund Finance

10:25 AM | 2025-02-25

Jed Miller

Partner and Head of CRT | Cadwlader, Wickersham & Taft

With over 15 years of experience, Jed focuses his practice on novel and innovative structured financing solutions, with an emphasis on transactions that combine securitizations and derivatives. He regularly represents buy-side and sell-side institutions in connection with:

Synthetic securitizations, credit-linked notes, credit default swaps (including tranched portfolio CDS), derivative product companies (DPCs) and other credit-risk transfer (CRT) products.

Cash securitizations of a wide range of asset classes, including fund interests (CFOs and rated feeders), corporate loans, receivables, municipal securities (tender option bonds), commercial and residential mortgages, intellectual property, automobile loans, and distressed and non-performing assets.

Repackaging and securitization transactions that utilize repurchase transactions or derivatives, such as currency swaps or total returns swaps (TRS), to transform the economic profile of, or achieve leveraged exposure to, repackaged or securitized assets.

The financing of risk retention interests in securitization transactions.

Other, more esoteric structured financings, such as “de-wrapping” transactions designed to synthetically terminate monoline insurance policies on legacy securitization exposures.

The restructuring of distressed securitization products.

Jed is frequently called upon by clients to advise on securities law, UCC, bankruptcy, tax and other legal and regulatory issues. He is an expert on U.S. bank regulatory capital rules (Regulation Q)—in particular, as they relate to capital relief strategies that involve synthetic securitizations, credit default swaps and other financial products—as well as Dodd Frank’s risk retention rules for securitization transactions.

In addition, financial institutions routinely seek Jed’s counsel on contemporary issues facing the structured finance industry. For example, at the outset of the COVID-19 pandemic, he guided major securities dealers through the intricacies of the Federal Reserve’s TALF program. He also advised banking institutions on issues relating to the global LIBOR transition.

Jed authors publications on a variety of topics related to the financial markets and makes frequent speaking appearances at structured finance industry events. In 2023, Jed was named a “key lawyer” by Legal 500 in Cadwalader’s Tier 1 Derivatives and Structured Products practice. In 2022, he was named a "Rising Star Partner" by IFLR1000 in the area of Derivatives, and in 2021, Jed was named a “Rising Star” by Law360 in the area of Structured Finance. Jed is a member of the New York City Bar’s Structured Finance Committee and the Structured Finance Association’s Credit Risk Transfer Market Committee.

Jed earned his J.D., cum laude, from Case Western Reserve University, and his B.A., magna cum laude, from Oklahoma State University. He is admitted to practice in the State of New York.

Ryan Moreno

DLA Piper LLP

Non-Bank Lender Perspectives in Fund Finance

2:50 PM | 2025-02-26

Ryan Moreno

Partner | DLA Piper LLP

Ryan Moreno is a seasoned finance attorney who represents banks and alternative lenders as the lead arranger in structuring, negotiating, and executing a wide range of complex finance transactions. With extensive experience across the capital stack, Ryan helps his clients navigate each stage of the lifecycle of a company or fund.

Ryan’s practice spans a diverse array of financial instruments and transactions. This includes portfolio-level debt, such as domestic and cross-border acquisition financings, asset-based financings, unitranche facilities, and securitizations, as well as fund-level debt, including subscription facilities, NAV facilities, hybrid facilities, and warehouse facilities. He collaborates closely with asset managers to establish back leverage facilities and loan programs. Further, Ryan also has notable expertise with bespoke structures for insurance company capital, such as rated note feeders and collateralized fund obligation (CFO) transactions.

In addition to his professional achievements, Ryan is deeply committed to pro bono work and community service. He actively serves on the Diversity Pipeline Initiative of the New York Bar Association and has managed the Thurgood Marshall Summer Law Internship Program in DLA Piper’s New York office since 2021. This program provides invaluable opportunities for diverse, NYC-area public high school students to gain practical insights into the legal profession through internships with various legal employers, ranging from law firms and corporations to non-profits and government organizations. Ryan’s dedication to mentorship and community engagement underscores his passion for advancing equity and access within the legal field.

Jad Nader

Ogier

Atypical Collateral Underwriting Considerations

1:40 PM | 2025-02-24

Jad Nader

Partner, Banking & Finance | Ogier

Jad's core practice is in handling cross-border lending transactions, advising on fund finance,
acquisition finance, debt capital markets and debt restructuring. He has particular expertise in
sophisticated international financing techniques and regularly acts for major international financial
institutions and private equity houses.

Jad has more than 20 years' experience working on Luxembourg matters; he also worked for
several years as head of the Luxembourg desk of a European law firm in New York.

He is a regular speaker, including at the Annual Fund Finance Symposiums in US and London,
where he was invited to speak for the third year in a row.

Jad frequently publishes on subjects such as fund finance, cross-border lending, financial collateral,
BRRD and banking regulations, securities law and restructuring and corporate recovery law. He
sits on the editorial board of the Revue de Droit du Financement de l'Economie published by
Legitech.

He is an active member of numerous Luxembourg and international professional associations,
including the American Chamber of Commerce in Luxembourg (Amcham), the Luxembourg
Association of Banking Lawyers (ALJB), the International Bar Association (IBA), the American Bar
Association (ABA) and the New York Bar Association.
Jad holds postgraduate degrees in private international law (DEA) and IT law (DESS) as well as a
doctor of laws.

Eric Neglia

KBRA

NAV Lending to Buyout Funds

2:50 PM | 2025-02-24

Eric Neglia

Senior Managing Director, Global Head of Funds Ratings | KBRA

Eric Neglia is a Senior Managing Director and leads KBRA’s Funds Ratings business. Eric joined the company in 2015 and was previously Global Head of ABS, where he was responsible for KBRA’s ABS analytical effort including credit rating methodologies, rating assignment processes, and surveillance. He was named Global Head of ABS in May 2023 and previously served as KBRA’s Head of Consumer and Commercial ABS, and prior to that led the organization’s Consumer ABS effort. Over his nine-year tenure with the firm, Eric has made significant contributions to enhancing KBRA’s ABS analytical efforts in regard to traditional and esoteric asset classes.

Prior to joining KBRA, Eric was head of operational risk management at MasterCard Worldwide. Before that, he spent 15 years at MBIA Insurance Corporation underwriting consumer ABS transactions.

Eric holds an MBA in finance from New York University.

Gareth Old

Clifford Chance

A discussion on Bank Balance Sheet Management Tools - SRT’s, Ratings, and more

10:25 AM | 2025-02-26

Gareth Old

Partner | Clifford Chance

Gareth Old has over 25 years of regulatory and transactional experience, specializing in term and synthetic securitizations, credit risk transfer, insurance-linked financing, asset-backed commercial paper and receivables financing, asset-backed loans, participation and repo structures, covered bonds and similar collateralized loan structures. Gareth frequently advises on regulatory matters including US and European securities laws, risk retention, capital rules and the Volcker Rule. Gareth’s clients include banks and non-bank lenders, issuers, underwriters, investment managers insurers and funds and industry bodies.

Peter Patrino

Egan-Jones Ratings Company

Syndication Update

11:35 AM | 2025-02-24

Peter Patrino

Chief Operating Officer - Ratings | Egan-Jones Ratings Company

Pete joined Egan-Jones Ratings in February 2025 as Chief Operating Officer for the Ratings business, where he focuses on operational strategy, methodologies, risk management, and performance metrics.

With over 30 years of experience in credit risk management, Pete most recently spent two and a half years as the lead credit executive at a fintech/SaaS startup. In this role, he oversaw credit policy, underwriting, lending operations, and capital markets, utilizing proprietary data to underwrite risks and provide non-dilutive capital through asset-backed loans to growing consumer product companies.

Prior to his fintech role, Pete spent over 27 years at Fitch Ratings, where he most recently served as Chief Criteria Officer, responsible for managing the team overseeing all ratings methodologies and model reviews across the global fixed-income market. He regularly reported to Fitch’s Board of Directors and regulators on ratings performance, including transition and default trends, and policy updates. Pete also held leadership roles as Group Credit Officer for financial institutions and spent sixteen years as an insurance sector analyst covering life/health/annuity and property/casualty insurers, rising to a Managing Director and leading the US Health and Managed Care ratings sector.

Pete holds an MBA and B.S. from the University of Illinois, Urbana-Champaign, and is a Chartered Financial Analyst (CFA).

Georgina Pullinger

Appleby

Fund Finance Market Update

11:35 AM | 2025-02-24

Georgina Pullinger

Consultant | Appleby

Georgina Pullinger is a consultant within the Corporate practice group at Appleby in the Cayman Islands, focusing on banking and finance. She has extensive experience in all aspects of finance transactions, with a particular focus on fund finance, and also advises on a wide range of general corporate and commercial matters.

Prior to joining Appleby in 2014, Georgina worked in both London and Australia, where she advised on a range of renewable energy projects and finance matters.

Georgina is ranked by Chambers as “Band 3 – Corporate & Finance” and by Legal 500 as a “Next Generation Partner – Banking, Finance & Capital Markets".

Natasha Puri

Lloyds Bank

Trends and Innovations in Secondaries NAV Lending

1:40 PM | 2025-02-26

Natasha Puri

Director | Lloyds Bank

Natasha is a Director on the Sponsors & Structured Finance team at Lloyds Bank based in New York. In her role, Natasha is responsible for the origination and structuring of fund financing facilities and hedging products for private equity, real estate, infrastructure, secondaries and private debt managers. Her experience includes finance structuring across traditional capital call lines, hybrid, and NAV facilities, as well as fund-level FX solutions.

Natasha is the Founder and Global Chair of the Fund Finance Association’s Diversity in Fund Finance committee. Natasha started the initiative in 2017, and has championed its efforts to grow into a global committee, driving DE&I engagement within the organization. She was recognized by the FFA with the Rising Star Award in 2020 and the inaugural recipient of the Diversity in Fund Finance Award in 2021 for her outstanding contributions to the industry. Within Lloyds Bank, Natasha is an active member of the local DE&I committee and was recognized as a DE&I Role Model.

Prior to joining Lloyds in 2017, Natasha worked at PwC for ~five years where she was a Senior Associate in the Alternative Investments practice. At PwC, she managed multiple teams working on audits of private hedge funds, asset managers, and public BDCs. She also worked with the PwC Charitable Foundation, supporting their impact investment strategy and reporting operations. Natasha is a Certified Public Accountant in New York. Natasha graduated summa cum laude from Hofstra University in 2012 with a Bachelors of Business Administration in Accounting and a minor in Information Technology

Quick, Helen (Office of Strategic Capital)

Helen Quick

Office of Strategic Capital, United States Department of Defense

Keynote: Fireside Chat with Helen Quick & Dyan Gibbens

11:35 AM | 2025-02-25

Helen Quick

Director of Capital Markets | Office of Strategic Capital, United States Department of Defense

Ms. Quick serves as the Director, Capital Markets, Office of Strategic Capital, Department of Defense and is currently leading the first programmatic activity for OSC, the Small Business Investment Company Critical Technologies Initiative in partnership with the Small Business Administration. Prior to her current position, Ms. Quick served as Senior Advisor to Claritas Capital, a leading $1b venture capital firm headquartered in Nashville, Tennessee. Prior to Claritas Capital, Ms. Quick was Founder and Executive Managing Director of Locust Point Capital, a private credit fund with over $1b in AUM from U.S. and overseas institutional investors. Ms. Quick also served on the senior management teams of two venture-backed technology companies during the dot-com boom. In addition, Ms. Quick has a legal career spanning over three decades at top-tier law firms representing growth stage companies. Ms. Quick is a passionate leader and President of WAVE, a national non-profit organization dedicated to hosting high engagement events to advance and drive value to women and their organizations in the investment industry. Ms. Quick was awarded her J.D. from the University of Virginia School of Law and her B.A in Economics and Philosophy from the University of Virginia.

About OSC:

The Office of Strategic Capital (OSC) is a new initiative of the Federal Government led by the Department of Defense) whose mission is bolster both national security and the greater United States economy through developing, integrating and implementing proven public/private partnership capital strategies to shape and scale investment in companies focused on critical technologies as well as companies that enhance U.S. competitiveness (which includes advantages in manufacturing, strengthening market positions and supply chains and building intellectual property). OSC works to complement the innovative power of the private sector with the modern industrial strategy that makes strategic public investments in America's workforce, and in strategic sectors and supply chains, especially critical and emerging technologies such as microelectronics, advanced computing, biotechnologies, clean energy technologies and advanced telecommunications.

Gareth Randall

CIBC

Hedging and Fund Risk Management

2:50 PM | 2025-02-26

Gareth Randall

MD and Head of Corporate Solutions Group - US | CIBC

Gareth has 22 years of experience in investment banking and capital markets covering large corporates, investors, and sponsors. Gareth has helped clients hedge Interest Rates, FX, Commodity, and Cross border risks utilizing innovative and capital efficient strategies. Most recently, his focus has been on assisting Investors mitigate macroeconomic risks in transactions to help ensure successful closings. He has led and structured hedging strategies in Europe, North America, and LatAm. Gareth graduated from Bucknell University and has a MBA from the Darden School of Management at UVA

Samantha Rapaport

Churchill Asset Management

The Future of Securitization in Fund Finance

10:25 AM | 2025-02-25

Samantha Rapaport

Vice President | Churchill Asset Management

Samantha is a Vice President in the Investor Solutions Group at Churchill Asset Management focusing on product development for global institutional investors as well as investor relations for Churchill’s insurance and structured product clients across the firm’s private credit and private equity strategies.

Prior to joining the firm, Samantha worked at Ernst & Young LLP in the Structured Finance Consulting Services team working with leading asset manager issuers of collateralized loan obligations. In this role, she focused on CLO cash flow modeling, due diligence, and collateral testing.

Samantha graduated magna cum laude from Tulane University with a dual degree from the A.B. Freeman School of Business with a B.S.M. in Finance and Legal Studies in Business and from the School of Science and Engineering with a B.S. in Psychology.

Ryan Reynolds

Keynote: Ryan Reynolds

4:05 PM | 2025-02-26

Ryan Reynolds

Actor, Writer, Producer

Ryan Reynolds is one of Hollywood’s most diverse leading men seamlessly transitioning through varied genres of drama, action and comedy in his rich and ever evolving career. He is equally as successful off-screen as a producer, screenwriter, entrepreneur, and marketing powerhouse.

Reynolds is the Golden Globe nominated star and producer of the 20th Century Fox billion-dollar franchise Deadpool. The movie opened in February 2016 and shattered expectations, opening to $152.2-million over the four-day Presidents’ Day weekend making it the biggest R-rated opening of all time and the biggest February opening in box office history. The superhero juggernaut also replaced “Matrix Reloaded” as the highest-grossing R-rated film in history with more than $750-million globally. The film received 2 Golden Globe nominations. A “Best Actor” nod for Reynolds and Best Picture nomination for the film, making it the first live-action superhero movie to pick up a Golden Globe nomination in the Comedy or Musical category. The film also received a Writers Guild of America nomination for “Best Adapted Screenplay” and a PGA Award nomination for “Best Picture.” The highly anticipated sequel Deadpool 2 which released in May 2018, bringing in over $748-million globally, making it the highest grossing title in the X-Men universe. Reynolds is currently working on Deadpool 3 with director Shawn Levy.

Last year, Reynolds starred in Spirited for Apple TV+, the musical reimagining of the Charles Dickens classic A Christmas Carol opposite Will Farrell and Octavia Spencer, which quickly became the most-watched Apple TV+ movie to date. Earlier in the year he starred in the hit Netflix time-travel adventure film The Adam Project produced by Maximum Effort and 21 Laps and directed by Shawn Levy. The Adam Project is Netflix's fourth most-viewed English-language movie of all time making Reynolds the only actor with 3 films on Netflix’s all-time top 10 list (Red Notice, The Adam Project, Six Underground). His other recent films include Disney’s Free Guy which he produced under his Maximum Effort banner. The action comedy opened at number one at the box office and grossed over $330 million dollars globally during the pandemic. He recently wrapped production on Imaginary Friends directed by John Krasinski for Paramount.

Beyond acting, Reynolds is a successful entrepreneur and an award-winning marketer, creating breakthrough campaigns for Deadpool as well Aviation Gin, Mint Mobile and the Match Group. He is an owner of Aviation Gin, Mint Mobile, Wrexham Football Club, Chief Creative Officer of MNTN and a co-founder of Maximum Effort Productions. He has been recognized as one of the most creative people in business by Fast Company, The Hollywood Reporter, Wall Street Journal and AdWeek among others.

Reynolds launched The Group Effort Initiative along with his wife Blake Lively in 2020 via their companies Maximum Effort and B for Effort. The GEI program creates a pipeline for members of underrepresented communities to get real experience towards lasting careers within the entertainment industry. Reynolds is also the founder of The Creative Ladder, a nonprofit that helps make creative careers more accessible to all – especially those from underrepresented communities.

Adam Risell

Simpson Thacher & Bartlett LLP

The Future of Securitization in Fund Finance

10:25 AM | 2025-02-25

Adam Risell

Partner | Simpson Thacher & Bartlett LLP

Adam Z. Risell is a Partner in Simpson Thacher’s Investment Funds Practice and is based in the Washington, D.C. office. He advises asset managers and sponsors in connection with a broad range of capital raising activities utilizing structured finance technology, including the formation of complex investment vehicles, such as rated note fund structures, collateralized fund obligations (“CFOs”), and securitizations and other capital-efficient investment products, including those designed for investment by insurance companies. He also advises on the development and distribution of collateralized loan obligation (“CLO”) captive funds, risk retention vehicles and other similarly specialized funds. Adam also counsels business development companies (“BDCs”) and other registered funds relating to structured financing techniques.

Notable experience prior to joining Simpson Thacher includes advising:

Hunter Point Capital in connection with the structuring, formation and offering of a rated note fund vehicle
Invesco in connection with the structuring, formation and offering of a rated note fund vehicle
CVC Credit Partners in connection with the structuring and formation of a collateralized management vehicle designed to manage and invest in a series of CLOs
Financial institutions as underwriters and structuring agents in connection with the offerings of rated and unrated debt backed by portfolios of funds managed by major asset management companies

Adam received his B.S. in Integrated Business and Engineering, Finance from Lehigh University in 2007 and his M.B.A. from the University of Virginia Darden School of Business in 2011. He received his J.D. from the University of Virginia School of Law in 2011 and is admitted to practice in New York and the District of Columbia.

Yann Robard

Dawson

Keynote: Yann Robard

9:10 AM | 2025-02-26

Yann Robard

Managing Partner | Dawson

Yann Robard is Managing Partner of Dawson. Established in 2015, Dawson (formerly Whitehorse Liquidity Partners) is a leading global alternative asset manager focused on providing innovative structured solutions to the private markets. Dawson takes a differentiated approach to selecting, curating, structuring, and managing bespoke portfolios to serve the demands of a growing market and seeks to provide its investors unique product offerings.

Since its inception, Dawson has raised over $18 billion, deployed over $24 billion and has over 200 employees across offices in Toronto and London UK.

Prior to Dawson, Yann spent a cumulative 13 years at CPP Investment Board (“CPPIB”). Yann joined CPPIB in 2001 at the inception of its private equity investment program. He was Managing Director, Head of Secondaries and Co-Investments in 2015 when he left CPPIB to establish Dawson.

Yann has more than 23 years of industry experience. He holds a Bachelor of Commerce degree from Dalhousie University and is a Chartered Financial Analyst (“CFA”) Charterholder.

Matthew Ruggiero

PJT Partners

The Future of Securitization in Fund Finance

10:25 AM | 2025-02-25

Matthew Ruggiero

Partner | PJT Partners

Matthew Ruggiero is a Partner in the Strategic Advisory Group at PJT Partners, based in New York. In this role, he focuses on advising clients on the structuring and placement of esoteric securitization transactions and leads the firm’s advisory efforts in structured fund finance. Mr. Ruggiero is a leading advisor in the field of collateralized fund obligations and rated feeder vehicles, having advised both GP and LP clients on structured capital raising and liquidity solutions across a wide range of fund strategies.

Prior to joining PJT Partners in 2015, Mr. Ruggiero was a Vice President with The Blackstone Group since 2009, where he focused on structured financing and M&A transactions. He began his career in the Investment Banking Division of Merrill Lynch, where he advised corporate and financial sponsor clients on a range of M&A, debt, and equity-linked financing assignments.

Mr. Ruggiero graduated summa cum laude from Wake Forest University with a BS in Finance.

Paul Schoper

Wells Fargo

Fund Finance Market Update

11:35 AM | 2025-02-24

Paul Schoper

Head of Fund Finance Group | Wells Fargo

Paul Schoper is head of Wells Fargo's Fund Finance Group. The Fund Finance Group provides financing and capital raising solutions to sponsors throughout the fund lifecyle.

Paul joined Wells Fargo in 2002. Paul was previously head of Portfolio Management and Underwriting for Wells Fargo’s Financial Institutions Group (FIG). He was responsible for the origination, structuring, underwriting and distribution of loans and other forms of risk exposure for FIG.

Before joining FIG, he was managing director and senior credit officer in Asset-Backed Finance (ABF). In that role, he was responsible for credit risk management for Consumer Finance, Preferred Capital, Strategic Auto Investments, Corporate Debt Finance, Subscription Finance, Mortgage Finance, Mortgage Banker Finance, and Transportation portfolios within ABF.

Previously, Paul was responsible for credit risk management for the Subscription Finance Group within ABF from 2012 to early 2015. Before joining ABF, he worked in Principal Investing from 2008 to 2012 with responsibility for investments in the financial sector. He also worked in Corporate Banking as a relationship manager.

Paul received his undergraduate degree at the University of Minnesota and his

M.B.A at the University of Chicago.

Paul is based in Charlotte, North Carolina.

Richard Sehayek

Ares Management

Fund Finance Market Update

11:35 AM | 2025-02-24

Richard Sehayek

Managing Director | Ares Management

Mr. Sehayek is a Managing Director in the Ares Credit Group, where he focuses on alternative credit investments. Prior to joining Ares in 2023, Mr. Sehayek was a Managing Director and Global Head of Origination for Fund Financing at Credit Suisse, where he focused on financing secured by private equity and hedge fund assets. Previously, he was an Executive Director at KBC Financial Products, where he ran origination and structuring in Europe for fund derivatives. Mr. Sehayek holds an M.Eng. in Chemical Engineering from University College London.

Michele Simons

5C Investment Partners

Familiar Faces, New Places

1:40 PM | 2025-02-26

Michele Simons

Managing Director and Head of Capital Markets | 5C Investment Partners

Michele is a universally respected industry veteran and is currently serving as Managing Director and Head of Capital Markets at 5C Investment Partners, where she oversees capital markets and co-investment opportunities. Prior to her current role, she spent 11 years at Wells Fargo, where she held several senior leadership positions within their Subscription Finance and Asset Backed Finance Platforms, serving as Co-Head of Origination, managing lending facilities for private equity-style funds and leading origination, structuring and execution efforts. In addition, Michele had previously served as Head of Subscription Finance and ABF Loan Syndications, offering distribution capabilities, and supporting origination efforts across the Subscription Finance and Asset-Backed Finance platforms. Prior to her time at Wells Fargo, Michele was an Executive Director at WestLB where she was instrumental in building the firm's Fund Finance platform which was acquired by Wells Fargo. Michele holds a B.S. in Accounting from Syracuse University. She is a C.P.A. and is SIE, Series 79 & 63 Registered.

Monika Singh Sanford

Haynes Boone

Sherri Snelson

White & Case

NAV Lending to Buyout Funds

2:50 PM | 2025-02-24

Sherri Snelson

Partner | White & Case

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

Micheal Spera

Goldman Sachs Asset Management

Non-Bank Lender Perspectives in Fund Finance

2:50 PM | 2025-02-26

Micheal Spera

Vice President | Goldman Sachs Asset Management

Michael Spera is a Vice President in the Financing and Debt Capital Markets Group at Goldman Sachs Asset Management, based in New York. He is involved in origination, structuring, and execution of bespoke asset backed, derivative, and capital commitments debt transactions across the platform. Michael also maintains relationships across derivatives desks and works with various business lines on negotiating trading agreements.

Michael has been at Goldman Sachs for nine years, spending time with the direct investing businesses (legacy Merchant Banking Division), fund of funds, and other private markets products, where he has led numerous deals and worked across from structuring professionals at a variety of financial institutions, including banks, insurance companies, pension funds, and sovereign wealth funds. He received a BS in Business Management from Babson College.

Max Stamler

KKR

Chris Steinroeder

Goodwin

Ancillary Fund Finance Products

2:50 PM | 2025-02-24

Chris Steinroeder

Partner | Goodwin

Chris Steinroeder advises private equity sponsors, lenders and public and private companies on a range of debt financing transactions, including acquisition financings, recapitalizations, royalty financings and working capital facilities.

Chris is also a co-leader of Goodwin’s Fund Finance Accelerator and represents lenders and private equity sponsors with structuring and negotiating subscription facilities, GP co-invest facilities, NAV facilities, management company facilities and other fund level financing transactions.

Timothy Stroud

Golub Capital

Ramya S. Tiller

Debevoise & Plimpton LLP

NAV Lending to Buyout Funds

2:50 PM | 2025-02-24

Ramya S. Tiller

Partner | Debevoise & Plimpton LLP

Ramya S. Tiller is a corporate partner based in the New York office. Ms. Tiller is a member of the firm’s Finance and Special Situations Groups, and leads the firm’s Fund Finance Group in New York. Her practice covers a broad range of financings, including complex acquisition and leveraged transactions, fund finance transactions and other alternative capital transactions. She has extensive experience in borrower and lender-side fund finance and structured finance transactions, regularly representing clients in PE NAV facilities, secondaries and credit fund NAV facilities, subscription credit facilities, GP financings and collateralized fund obligations (CFOs). She also regularly represents insurance companies in multiple financings, including those related to reinsurance sidecars, and other transactions.

Ms. Tiller is ranked as a Next Generation Partner in Commercial Lending by The Legal 500 US (2023), where she has been described as an “ultimate professional,” and “highly rated.” She is also recognized as a Notable Practitioner in Banking by IFLR1000 (2022). Ms. Tiller is a frequent speaker on finance-related topics for the Practising Law Institute and routinely writes on fund finance topics.

Ms. Tiller joined Debevoise in 2007. She holds a B.A. LLB (Hons.) from the National Law School of India University in Bangalore, where she graduated third in her class in 2002. She received an LL.M. (Corporate Law) from New York University in 2005, where she was a Hauser scholar. Ms. Tiller is fluent in German.

Prior to joining the firm, Ms. Tiller worked for a leading Indian law firm in Mumbai, India. Between 2010 and 2012, she served as a member of the Finance group at an international law firm in Munich, Germany.

Richard Troxel

ING Capital LLC

A discussion on Bank Balance Sheet Management Tools - SRT’s, Ratings, and more

10:25 AM | 2025-02-26

Richard Troxel

Director | ING Capital LLC

Richard Troxel is a Director in ING’s Fund Finance team, based in New York. He has been with ING since 2013 and has been dedicated to the Fund Finance industry for the past decade. He is responsible for transaction structuring and origination, and providing optimal, timely, and innovative solutions to ING’s sponsor clients.

ING Fund Finance is renowned for delivering a comprehensive array of structured finance solutions to clients within the asset management and related financial services industries, including alternative investment managers and business development companies. Richard possesses extensive transaction experience that encompasses capital call financing for private funds, as well as structured asset-backed lending transactions and advisory services both for public and private investment vehicles.

In his prior positions, Richard held various roles in structured finance at ING including leveraged finance across the United States and Western Europe. He holds a Bachelor of Science degree in Finance from the Smeal College of Business at The Pennsylvania State University in University Park, Pennsylvania.

Angela Ulum

Mayer Brown

The Future of Securitization in Fund Finance

10:25 AM | 2025-02-25

Angela Ulum

Partner, Co-Leader of Banking and Finance Practice | Mayer Brown

Angela Ulum is a partner in Mayer Brown’s Chicago office and a co-leader of Mayer Brown’s Banking & Finance practice. She is a member of the Structured Finance practice and has extensive experience representing issuers, borrowers, and commercial and investment banks in a variety of securitization and other structured finance transactions, with an emphasis on market participants in the auto and equipment sectors. Angela’s experience has involved the issuance and sale of publicly registered, 144A/Reg S and privately placed asset-backed securities, revolving and amortizing syndicated and bilateral financing facilities, portfolio purchases and sales, equipment loan and lease syndications and third-party servicing arrangements. Her experience includes representing captive finance companies, banks, independent finance companies and investors in transactions involving a wide variety of assets, including auto leases, auto loans, dealer floorplan, fleet leases, equipment leases and loans, participations, and esoteric and new asset classes.

According to Chambers Global, Angela is "extremely knowledgeable and easy to work with," and “has extensive expertise in ABS transactions.” Clients praise Angela in Chambers USA, noting that “she is excellent: very methodical and organized. You know that when you're working with Angela, you're not wasting time on anything frivolous." Additionally, Legal 500 USA recognizes Angela as a “next generation lawyer."

Willy Walker

Walker & Dunlop

Keynote: Willy Walker & Michelle Herrick

9:10 AM | 2025-02-25

Willy Walker

Chairman and CEO | Walker & Dunlop

Willy Walker is Chairman and CEO of Walker & Dunlop. Under Mr. Walker’s leadership, Walker & Dunlop has grown from a small, family-owned business to become one of the largest commercial real estate finance and advisory firms in the United States. Walker & Dunlop is listed on the New York Stock Exchange, and in its first ten years as a public company has seen its shares appreciate over 800%. The firm was also #17 on Fortune’s 2017 list of “Fastest Growing Public Companies” and has been named a Best Workplace for eight of the last eleven years by the Great Place to Work® Institute. Mr. Walker received the Ernst & Young Entrepreneur of the Year award in 2011 and was named “Financier of the Year” in 2017 and 2020 by Commercial Property Executive.

Mr. Walker received his master’s degree in business administration from Harvard University and a bachelor’s degree from St. Lawrence University. Mr. Walker serves on the board of the U.S. Olympic & Paralympic Foundation. He formerly served on the boards of St. Albans School, the Mortgage Bankers Association, and Children's National Medical Center. Mr. Walker is also a member of the Real Estate Roundtable. Mr. Walker is an avid runner, skier, and cyclist, and has run the Boston Marathon in 2:36.

William Wallace

SMBC

Ancillary Fund Finance Products

2:50 PM | 2025-02-24

William Wallace

Managing Director - Head of Origination and Execution of Fund Finance Solutions | SMBC

William Wallace is a Managing Director and the Head of Origination and Execution within SMBC’s Fund Finance Solutions Department (“FFSD”). Within FFSD, William has responsibility over the entire client focused platform where he sets the team’s go to market strategy across Subscription Finance, NAV, Hybrid and other forms of fund financing. William previously worked in SMBC’s Global Financial Institutions Group (“GFIG”) where he ran the Funds and Sponsors team within the broader Americas Financial Institutions Group. Within Funds and Sponsors, William had responsibility for SMBC’s Global Sponsor Coverage, Asset Manager Coverage and Hedge Fund Coverage functions.

William joined SMBC in June 2014 within the Global Financial Institutions Group and prior to joining SMBC, Mr. Wallace spent 8 years at BNP Paribas most recently in a cross-product coverage group (Equities, Fixed Income, Commodities) within BNP Paribas’ Global Markets division focusing on the largest Asset Manager and Hedge Fund trading counterparties. Before that, Mr. Wallace worked in the Financial Institutions Group covering a wide assortment of financial institutions including Asset Managers, Private Equity Funds, Banks, Specialty Finance Companies and Mortgage Companies. Before BNP Paribas, Mr. Wallace worked at PricewaterhouseCoopers. Mr. Wallace has a Masters in Accounting and a Bachelor of Science in Business Administration both from Washington University in Saint Louis.

Richard Wheelahan III

Fund Finance Partners

Atypical Collateral Underwriting Considerations

1:40 PM | 2025-02-24

Richard Wheelahan III

Managing Director and Co-Founder | Fund Finance Partners

For over 15 years, Richard has been advising fund sponsors and lenders, in both an advisory and principal capacity. Prior to co-founding FFP, Richard was the General Counsel, Chief Compliance Officer and a Director of a $3 billion asset manager investing debt and equity in lower middle-market companies. During his ten-year tenure, Richard executed numerous capital markets initiatives on behalf of the firm’s investment vehicles and oversaw fund formation activity, developing comingled funds, SMA concepts, a NASDAQ-listed BDC, and joint ventures.

Richard also executed financings for the foregoing, including but not limited to subscription facilities, corporate and SPV revolvers, total return swaps, hybrid and NAV credit facilities, GP/asset manager lines of credit and securitizations of credit assets.

Richard’s breadth of asset management experience presents valuable, innovative expertise to fund sponsors dealing with fundraising, investor relations, compliance, financing, and portfolio management challenges and opportunities.

Richard began his career as an attorney with two large law firms, representing Fortune 500 companies, privately held entities and alternative asset managers with M&A and capital markets activities, and financial institutions in the execution of leveraged finance and securitization transactions.

Dadong Yan

Barings

Non-Bank Lender Perspectives in Fund Finance

2:50 PM | 2025-02-26

Dadong Yan

Head of Portfolio Finance | Barings

Dadong is Head of Barings Portfolio Finance and chair of the Portfolio Finance Investment Committee. He is responsible for leading a global team that originates, underwrites, and manages investment grade portfolio finance investments. Dadong was previously Head of Alternative Investment Solutions at MassMutual where he built strategic partnerships with alternative asset managers globally and originated bilateral private portfolio finance opportunities. Prior to joining MassMutual, Dadong was an investment professional with experience investing across the capital structure in both public and private asset classes at Blackstone, Altai Capital, and Coatue Management. Previously, he was an investment banking professional at J.P. Morgan in the Financial Institutions Group. Dadong graduated magna cum laude from the University of Michigan, Ross School of Business and LSA Honors College with a triple major in business, biophysics, and honors German, where he was a Martin Haller Award recipient.

Jasen Yang

Apollo Global Management

Non-Bank Lender Perspectives in Fund Finance

2:50 PM | 2025-02-26

Jasen Yang

Managing Director, Credit | Apollo Global Management

Jasen Yang is a Managing Director at Apollo, where he is responsible for deploying capital into fund finance solutions within the Credit business. Prior to joining Apollo in 2021, Jasen was Managing Director and Head of US Credit Structuring at BNP Paribas. Previously, he was Founder and CEO of a financial technology company, and Partner and Head of Structuring at C12 Capital Management before that. Jasen has also held a variety of proprietary trading and structured finance roles at Barclays Capital, Deutsche Bank, and Credit Suisse First Boston. Jasen graduated cum laude from Yale University with a BS in Mathematics.

Vassiliyan Zanev

Loyens & Loeff

The Future of Securitization in Fund Finance

10:25 AM | 2025-02-25

Vassiliyan Zanev

Partner | Loyens & Loeff

Vassiliyan Zanev is a partner in the Investment Management group and leads the fund finance practice of Loyens & Loeff in Luxembourg. He represents a variety of investment funds and financial institutions across a range of structured finance and lending transactions, with particular emphasis on fund finance and securitisation. Vassiliyan has extensive experience in the financing of Luxembourg alternative or regulated investment fund borrowers (including by way of capital call credit financings, NAV financings and leverage solutions). Vassiliyan is a member of the EMEA Advisory Council of the Fund Finance Association.

Nicholas Zangari

Societe Generale

Non-Bank Lender Perspectives in Fund Finance

2:50 PM | 2025-02-26

Nicholas Zangari

Director | Societe Generale

Nicholas Zangari is a Director with the Capital Call Financing team at Societe Generale. Nicholas primarily focuses on the origination, structuring and syndication of capital call transactions and has +17 years of banking experience. Prior to joining Societe Generale, Nicholas worked at Natixis, where he held various roles across several business lines, including the Financial Institutions Group, Coverage and most recently, the Capital Call group.

Nicholas holds a B.S. in Management and Finance from the University of Scranton.

Diamond Sponsors

BNY Mellon

BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

Cadwalader, Wickersham & Taft LLP

With over 230 years of legal experience, Cadwalader, Wickersham & Taft LLP serves a diverse client base, including many of the world’s leading financial institutions, funds and corporations, as well as individual private clients. With offices in New York, Charlotte, Washington, D.C., London and Dublin, 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, securitization, 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 is a recognized leader in subscription finance, NAV transactions, and in pioneering innovative solutions that leverage the firm’s market-leading securitization and regulatory capital advisory practices.

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.

King & Spalding

King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,300 lawyers in 24 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and consistently earns recognition for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.

Our Fund Finance practice comprises dedicated professionals who have been advising both lender and borrower clients across all asset classes since the inception of the fund finance market across all fund finance primary products including subscription credit and hybrid facilities, NAV financing, GP financing, executive programmes, back-leverage and hybrid preferred equity structures as well as distribution solutions, including structured note programmes and JV structures.

We offer clients unrivalled cross-border capabilities and experience with respect to the legal and commercial issues relevant to lenders and borrowers of these products. We pride ourselves on our ability to understand the dynamics of our clients’ businesses and our ability to deliver practical, innovative and business-focussed solutions.

We are uniquely placed to advise on all aspects of fund finance, being the only law firm with a dedicated Fund Finance - Capital Solutions platform and specialist ESG fund finance expertise.

Ranked Tier 1, Legal 500 Fund Finance (2025); Band 1, Chambers Fund Finance (2025)

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.

MUFG Investor Services

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

Platinum Sponsors

17Capital

17Capital is a private credit manager, specializing in NAV finance for the private equity industry. It provides 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.

Founded in 2008, 17Capital has completed over 100 investments and 50 exits, deploying more than $13 billion since inception. 17Capital has raised $13 billion across six successive funds and mandates. . 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.

AlpInvest Partners

AlpInvest Partners is one of the largest private equity managers in the world, with over $85 billion of total capital committed and over 455 investors across its platform globally, as of September 30, 2022. AlpInvest commits across the private equity spectrum on a global basis, including large and middle market buyout, growth capital, venture capital, and distressed / special situations, as well as private subordinated debt. These investments generally fall within three investment strategies: direct subscriptions for interests in private equity funds sponsored by third-party managers, secondary purchases of interests in private equity funds and private operating companies, financings backed by private equity funds, GPs and LPs, and co-investments in single portfolio companies alongside leading GPs.

Ares Management

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2024, Ares Management Corporation's global platform had approximately $464 billion of assets under management, with more than 3,100 employees operating across North America, Europe, Asia Pacific and the Middle East.

Axos Bank

The Fund Finance division at Axos Bank was built to provide a comprehensive suite of financing solutions tailored specifically to the needs of Private Equity, Private Credit, and Venture Capital firms. With a focus on delivering NAV, Hybrid, Subscription, Management Company, and General Partner Capital Contribution financing, Axos sought to create a specialized offering that provides small to mid-sized managers with the full Fund Finance suite of products. This initiative was designed to provide managers with the full fund finance toolbox while seamlessly integrating best-in-class treasury services to support clients' operational needs.

Leveraging expertise in subscription lines, hybrid facilities, and NAV-based lending, the Axos Fund Finance team has rapidly positioned itself as a key player in the market, supported by a deep understanding of the unique dynamics within the alternative investment space. This combination of specialized lending solutions and a client-first mindset has propelled Axos into a competitive position, consistently delivering value to fund managers and their portfolios.

Axos Financial, Inc., with approximately $23.6 billion in consolidated assets as of September 30, 2024, is the holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc. Axos Bank provides consumer and business banking products nationwide through its low-cost distribution channels and affinity partners. Axos Clearing LLC (including its business division Axos Advisor Services), with approximately $37.4 billion of assets under custody and/or administration as of September 30, 2024, and Axos Invest, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents, and digital investment advisory services to retail investors, respectively.

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

Barclays

Barclays Investment Bank deploys financial solutions to help our clients with their funding, financing, strategic and risk management needs across sectors, markets and economies.

The Investment Bank is comprised of the Investment Banking, International Corporate Banking, Global Markets and Research businesses, aiding money managers, financial institutions, governments, supranational organisations and corporate clients around the globe. We offer a full spectrum of strategic advisory, financing and risk management solutions to help drive innovation and growth.

For over 330 years, our commitment to shared success has been at the heart of what we do, because we are all at our best when we all progress.

BciCapital

BciCapital provides comprehensive capital market services through a diverse set of structured financial solutions (e.g. syndicated finance, specialty finance, and capital advisory). Our professional teams draw on significant experience in both debt and equity finance solutions designed exclusively for institutional sponsors. We ensure that our clients receive the most effective and innovative financial plans to match their specific requirements.

Our Institutional Financial Sponsors team delivers sophisticated capital and advisory solutions to a diverse range of Financial Sponsors, including Private Equity, Private Credit, Hedge Funds, Family Offices, Asset Managers, Secondaries, BDCs, and Resi companies. Such debt capital offerings include a full suite of fund finance, asset-backed finance, sponsor finance, leveraged finance, and syndicated finance solutions.

BciCapital is supported by Bci Financial Group, one of the largest financial institutions in Latin America, with extensive expertise in Capital Markets, including Project Finance, Debt Capital Markets, Equity Capital Markets, and Mergers & Acquisitions (M&A).

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.

CIBC

CIBC is a leading North American financial institution with 13 million clients offering a full range of advice, solutions and services in the United States, Canada and around the world. CIBC Capital Markets provides best-in-class insight, advice, and execution across corporate banking, global markets, investment banking, and research to institutional, corporate, public and private sector clients across North America, Europe, and rest of the world. CIBC Innovation Banking serves the innovation economy by providing valuable access, capital and connections. The team and network help make today’s companies tomorrow’s market leaders. In the US, CIBC Bank USA provides a range of banking solutions, and CIBC Private Wealth offers investment management, wealth strategies and legacy planning.

Citi

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.

City National Bank

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92 billion in assets as of July 31, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $101 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

For more information about City National, visit the company’s website at cnb.com.

*City National Bank does business in Miami and the state of Florida as CN Bank.

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.

Commonwealth Bank of Australia (CBA)

Headquartered in Sydney, Australia, and with offices in Europe, the US and Asia Pacific, Commonwealth Bank of Australia (CBA) is a leading provider of personal banking, business and institutional banking and share broking services in Australia. CBA has a strong balance sheet, with total assets exceeding $A1,200 billion (as of 30 June 2024).

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

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

Crédit Agricole CIB

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 9^th largest banking group worldwide by total assets in 2023 (The Banker, July 2024). With over 9,500 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa, the Bank supports large and mid-cap corporates and institutional clients, helping them meet both local and global financial needs. Crédit Agricole CIB offers a comprehensive range of products and services in capital markets, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in climate finance, and a market leader in sustainable finance providing a full spectrum of solutions to all its clients.

For more information, please visit www.ca-cib.com.

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.

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, US and Asia based sponsors seeking to execute on new subscription finance opportunities, NAV based lending facilities 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’s Structured Finance platform.

DLA Piper LLP

DLA Piper is a global law firm helping our clients achieve their goals wherever they do business. Our pursuit of innovation has transformed our delivery of legal services. With offices in the Americas, Europe, the Middle East, Africa and Asia Pacific, we deliver exceptional outcomes on cross-border projects, critical transactions and high-stakes disputes. Every day we help trailblazing organizations seize business opportunities and successfully manage growth and change at speed. Through our pro bono and sustainability work, we support communities around the world and help create a more just and sustainable future.

Our Finance team consists of more than 800 finance lawyers across leading global financial centers and start-up hubs, the strength of our global platform delivers financing solutions when and where you need it. We advise on financing across borders, sectors, and products, and help overcome the legal, commercial, and political challenges of running a global business.

EverBank

About EverBank

EverBank, N.A. (“EverBank”) is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers across Florida. EverBank’s commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money. Visit everbank.com or connect and interact with us on Facebook, Instagram, LinkedIn or X (formerly Twitter). EverBank is a Member FDIC.

About EverBank Fund Finance

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

Fitch Ratings

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants.

For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions.

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

For additional information, please visit fitchratings.com.

Fund Finance Partners

Fund Finance Partners (“FFP”) is led by a team of finance and asset management professionals dedicated to the innovation and growth of debt capital solutions for private and public fund sponsors. Our partners have overseen numerous types of fund finance products, spanning various fund sponsors, asset managers, investors, investment strategies, lenders and types of collateral. Whether it's the most complex of hybrid facilities, the simplest subscription financings, or debt capital for the fund sponsor's platform, FFP has the track record and network to implement these solutions, start to finish. Our streamlined approach saves time and money for all parties, allowing fund sponsors to focus on their core investment strategies and asset management goals. For more information, visit fundfinancepartners.com or email us at info@fundfinancepartners.com.

Goodwin

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

Huntington Bank

Huntington National Bank’s Fund Finance team is part of the bank’s Corporate and Specialty Banking group within the commercial banking segment. The Fund Finance team works closely with sponsors to provide strategically important financing directly at the fund and management company level, extending the bank’s broad range of financing options available to sponsors. Huntington National Bank is a subsidiary of Huntington Bancshares Incorporated, a $201 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, Huntington affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Visit Huntington.com to learn more.

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 20 cities in New York, Chicago, Austin, Beijing, Boston, Brussels, Dallas, Hong Kong, Houston, London, Los Angeles, Miami, Munich, Palo Alto, Paris, Riyadh, 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.

Latham & Watkins LLP

The Latham fund finance team represents private debt and private equity firms, as well as financial institutions, in structuring and executing a wide range of subscription credit facilities and other fund-level financings in a variety of industries. We work in tandem with colleagues across Latham practices and global offices to develop innovative fund-level financing structures that account for the full spectrum of tax, finance, and regulatory issues that sponsors and investors face.

Given our experience with a wide variety of fund-level financing structures, we routinely advise clients on everything from capital call facilities, NAV financings, ESG-linked facilities, and general partner facilities, to multi-currency and multi-jurisdictional financings, as well as cash-flow and asset-based loans. Our fund finance team leverages deep experience and relationships across private capital, financial institutions, and the investment funds industries to help clients navigate complex transactions at the forefront of the market.

We work seamlessly with the Latham global corporate, finance, investment funds, and tax teams to find solutions that allow clients to achieve their most critical commercial objectives.

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.

Lloyds Bank

Lloyds Bank Corporates & Institutional

Since 1765, we have been providing expert support and guidance to businesses of Britain. Supporting British businesses and the UK economy continues to be central to what we do.

Our Corporate and Institutional franchise maintains active relationships with two-thirds of the FTSE 350, supporting clients with annual turnover in excess of £100m.

With a well-established sector focus, we continue to drive our purpose outcomes by supporting goals such as regional development and building on our green financing initiatives to support more clients with their transition plans.

We support clients with their core banking solutions such as lending, deposits, transaction banking and risk management services. We also provide extensive expertise in capital markets, financial markets and private equity, all of which aim to meet the varying and often complex needs of our clients.

To find out more about Lloyds Bank Corporates and Institutional head over to our website:

Corporate Banking | Business Banking | Lloyds Bank

Loeb & Loeb

Loeb & Loeb is a premier law firm with more than 450 lawyers across eight offices in the United States and Asia. Loeb lawyers are at the forefront of market developments and events that have the potential to impact our clients. We advise financial institutions lending to private equity and other investment funds at all stages, whether prior to initial investor closing or after the investment period has ended, and for funds that vary widely in structure, focus and goals. We also help market participants (including syndication agents, lenders, administrative agents and others) in structuring, negotiating and implementing subscription or capital call facilities, net asset value-based facilities and hybrid facilities. Loeb lawyers provide clients in the United States and across the globe with in-depth market knowledge, practical and innovative solutions, and effective representation to get their deals done and to meet their goals. Connect with us and experience the difference.

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.

M&T Bank

Founded in 1856, M&T Bank is one of the top full-service U.S.-based commercial banks, with a long history of community-focused banking. M&T has a network of over 900 branches, 2,200 ATMs and 22,000+ employees that span across 12 states from Maine to Virginia and Washington, D.C.

M&T offers advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust.

M&T is a community bank, delivering the capabilities of a big bank with the care and empathy of a locally focused institution. M&T Bank’s approach to Commercial Banking is based on our belief in the importance of establishing strong relationships with our customers and the local communities within which they do business. Our Relationship Managers take the time to understand your business and the communities where you operate to best provide advice and customized solutions to help you achieve your financial goals.

Mizuho Americas

Mizuho Financial Group, Inc. is the 17th largest bank in the world as measured by total assets of ~$2 trillion, according to S&P Global 2024. Mizuho’s 65,000 employees worldwide offer comprehensive financial services to clients in 36 countries and 850 offices throughout the Americas, EMEA, and Asia.

Mizuho is a leading provider of corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody, and research to corporate, private equity, and institutional clients. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring, and private capital advisory capabilities across Americas, Europe, and Asia. Mizuho employs approximately 3,500 professionals, for more information visit www.mizuhoamericas.com.

Morrison & Foerster LLP

Morrison Foerster is a leading global law firm that transforms complexity into advantage for its clients. Our clients include some of the largest financial institutions, banks, consulting and accounting firms, and Fortune 100, technology, and life sciences companies. Highlighting the firm’s commitment to client service, leadership in market-changing deals and impact litigation, and values-based culture, Morrison Foerster has been named to The American Lawyer’s A-List for 20 of the ranking’s 21 years. Year after year, the firm receives significant recognition from Chambers and The Legal 500 across their various guides, including Global, USA, Asia Pacific, Europe, UK, Latin America, and FinTech Legal. Our lawyers passionately care about delivering legal excellence while living our values.

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.

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

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

Ogier

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

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

Paul, Weiss, Rifkind, Wharton & Garrison LLP

PJT Partners Inc.

PJT Partners Inc. (“PJT”) is a global advisory-focused investment bank. Our team delivers a wide array of strategic advisory, secondary advisory, shareholder and corporate governance advisory, restructuring and reorganization and fund placement services to corporations, financial sponsors, institutional investors and governments. Our Private Capital Solutions team provides tailored advice to clients seeking to address asset, fund and portfolio liquidity considerations across a wide array of LP and GP-led transactions. Our practice is one of the most experienced teams in the industry, and has been involved in some of the largest, most complex transactions since the team’s founding in 2008. Our specialized team focuses on delivering independent advisory and execution services to financial sponsors and institutional investors across a broad spectrum of strategic transactions including Financial Sponsor, Institutional Investor, and Structured Liquidity Solutions.

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.

RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 100,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 18 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. Additionally, we are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

Reed Smith

Reed Smith is a market-leading international law firm specializing in fund finance. With more than 1,600 lawyers across more than 30 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 the United States, Europe, the Middle East and Asia. 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 194 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.

Riverside Risk Advisors

Riverside Risk Advisors is a premier independent derivatives advisory firm with expertise in hedging strategies for interest rate, currency, equity, and commodity risks. Riverside brings a unique perspective to fund finance, combining deep derivatives and capital markets experience with a thorough understanding of private equity and debt sponsors. Whether addressing interest rate or currency risks, we work collaboratively with our clients to deliver thoughtful, customized risk management solutions that align with their strategic goals. With a commitment to integrity and best-in-class service, Riverside supports the fund finance community in navigating an increasingly complex financial environment.

S&P Global Ratings

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

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

Santander Corporate & Investment Banking

Santander Corporate & Investment Banking (SCIB) is the global business division that supports corporate and institutional clients, who require tailored services and value-added wholesale products suited to their complexity and sophistication, as well as to responsible banking standards that contribute to the progress of society. Our coverage model combines local knowledge with global expertise of industry sectors of our clients.

Our clients are large multinational clients across corporates, financial institutions and financial sponsor sectors that seek a global relationship model with deep local knowledge and tailor-made solutions in Global Transaction Banking, Markets, Equities and Global Debt Financing.

Simpson Thacher & Bartlett LLP

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

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

Societe Generale

Societe Generale is a top tier European Bank with more than 126,000 employees serving about 25 million clients in 65 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective - to deliver sustainable value creation for all our stakeholders.

The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.

Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group 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, visit societegenerale.com.

State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $46.8 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of September 30, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* Assets under management as of September 30, 2024 includes approximately $83 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

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.

TD Securities

As a leading corporate and investment bank, TD Securities offers a wide range of integrated capital markets products and services. Our corporate, government, and institutional clients choose us for our innovation, execution, and experience.

With more than 4,900 professionals operating out of 16 offices around the world, we help our clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions.

We are growth-oriented, people-focused, and community-minded. As an integrated team, we work to deliver value for our clients every day.

UBS

UBS Group AG is a multinational financial services company founded and based in Switzerland. It maintains a presence in all major financial centers as the largest Swiss banking institution and the largest private bank in the world.

UBS Global Wealth Management provides comprehensive advice, solutions, and services to wealthy families and individuals. Its fully integrated set of capabilities include wealth planning, investment management, capital markets, banking, lending, institutional, and corporate financial advice.

UBS Investment Bank provides corporate, institutional and wealth management clients with expert advice, innovative solutions, execution, and comprehensive access to international capital markets.

Working together, UBS Global Wealth Management and the UBS Investment Bank provide custom solutions and best-in-class service to the world’s most established financial sponsors.

http://www.ubs.com

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

Alliance Bernstein - Private Credit Investors

AB NAV Lending was established in 2023 to provide non-dilutive flexible fund financing solutions to private equity funds and their general partners. AB NAV Lending is a natural extension of AB Private Credit Investors (AB-PCI) - AllianceBernstein's private corporate credit platform that was established in 2014. As of December 2024, AB-PCI has committed $30+ billion across more than 375 portfolio companies, primarily in directly originated and privately negotiated senior secured loans to financial sponsor-backed borrowers in the US middle market. AB-PCI's team of 80+ professionals manages more than $18 billion of capital available for investment. Visit here for more information on AB-PCI.

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

Bank of China U.S.A.

Established in 1912. Bank of China (BOC) is the oldest bank in China and the first commercial bank publicly listed in both the Mainland and Hong Kong. As the fourth largest bank in the world, BOC has over 305,000 employees in 62 countries and regions, with $4.2 trillion in assets.

Established in 1981, as a global bank with a local heart, Bank of China U.S.A. has established an integrated platform to serve as a bridge between U.S. and Chinese businesses and to play an integral role in the U.S. communities in which we operate. The main pillars of BOC NYB’S operation include: corporate banking, personal banking, financial institutions, trade services, commodities finance, global market services, and other commercial banking business.

Fund Finance is an important business for Bank of China U.S.A., which covers top tier PE and credit fund sponsors by providing a broad range of products and services for fund clients.

BMO Capital Markets

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.41 trillion as of October 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society. 

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/

Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP (including its associated entities) is an elite global law firm with world-class practices across the board. Industry-leading companies and global financial institutions know they can rely on us for their most challenging legal and business matters. The firm’s top-flight capabilities are grounded in a distinguished history of 170 years, and our global, forward-looking focus is supported by 10 offices strategically located in the world’s key financial centers and political capitals. Approximately 1,000 lawyers collaborate seamlessly across practice groups and geographies to provide clients with exceptional service, sophisticated advice and creative, practical solutions. Visit davispolk.com.

East West Bank

East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (NASDAQ: “EWBC”) with total assets of $72.5B. The company’s wholly-owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California. EWB Private Equity, with offices in New York, Los Angeles, Silicon Valley and Hong Kong, is the Bank’s largest industry specialty group, with in-depth knowledge of the fund finance market. The Private Equity Group provides creatively designed credit solutions to meet the fund financing needs of a wide range of asset management firms, funds and partnerships. We support clients at all stages of the investment lifecycle with capital call lines and NAV facilities, as well as hybrid facilities which blend the two. We provide these lines to traditional funds, SMAs and high net worth investor feeder funds. For management companies and general partners, we craft facilities supported by management fees and general partner stakes to provide liquidity and investable capital.

Houlihan Lokey

Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions, the No. 1 M&A advisor for the past nine consecutive years in the U.S., the No. 1 global restructuring advisor for the past ten consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG (formerly Refinitiv).

Hunter Point Capital

Hunter Point Capital (“HPC”) is an independent investment firm seeking to provide innovative capital solutions to alternative asset managers across the globe. Founded in 2020 by industry veterans Bennett Goodman and Avi Kalichstein, the firm operates with three complementary strategies. HPC’s GP Stakes platform acquires minority stakes in alternative asset managers and leverages the expertise of its senior leadership team to help GPs achieve their long-term objectives faster and with more certainty.

HPC’s inaugural GP Stakes fund ("HPC Fund I") is the largest-ever debut GP Stakes fund focused on private market strategies.

HPC's GP Financing Solutions platform ("GPFS") seeks to provide tailored capital solutions to established GPs through two distinct strategies: NAV Lending and Preferred Solutions. NAV Lending offers low-LTV loans, while Preferred Solutions provides flexible financing, usually at the management company level.

HPC is dedicated to pursuing strategic partnerships with proven GPs poised to build enduring franchises globally.

ICBC New York Branch

Industrial and Commercial Bank of China (ICBC) is one of the world’s largest banks and topped the list of largest public companies on the Forbes Global 2000 list in 2023. Leveraging the expertise of ICBC group's industry leading banking teams and global distribution network, ICBC New York Branch's fund finance practice represents fund sponsors and asset managers on a wide array of fund-related financing and loan transactions. Our fund finance team has extensive experience in, amongst other things, bridge/subscription finance facilities, BDC finance, umbrella facilities, financing of asset management companies, and other bespoke credit facilities and liquidity solutions for various entities across the broader private equity business structure. The team also works hand in hand with clients to open the doors to certain opportunities such as exploring private equity businesses in Asian market, and other ancillary products, including FX, derivatives, and DCM that match clients' individual needs.

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.

Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 21 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2021, Northern Trust had assets under custody/administration of $16.2 trillion, and assets under management of $1.6 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Northern Trust has a team of specialized professionals servicing private equity firms through the delivery of a unique mix of corporate banking, fund administration and wealth management solutions. Northern Trust’s highly focused strategy and long-term commitment to the private equity market has been a major driver of the success of our sponsor finance business.

Ropes & Gray

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

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 July 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.

Sidley Austin LLP

Sidley is an elite global law firm powered by lawyers who practice at the highest level of the profession. Backed by 158 years of experience, we deliver superior service to a high-caliber group of market-leading clients worldwide, while placing a premium on collaboration and diversity. Our firm boasts a roster of 2,300 lawyers who wield deep experience in transactional, regulatory, and litigation matters spanning over 50 legal disciplines and industries.

Our fund finance practice is a team of highly skilled and dedicated practitioners at the forefront of the rapidly expanding fund finance market. With vast experience in all types of fund financing products we build and maintain deep relationships with fund, borrower, and lender side clients. We have experience with every major investment fund strategy and asset class, including many esoteric asset classes, and we represent our clients in all aspects of the structuring, negotiation, administration, restructuring, and termination of fund finance transactions. With 21 offices situated in major commercial and financial capitals around the world, our lawyers possess the cultural awareness and legal acumen needed to advise clients in today’s global economy.

We are nationally recognized by several industry publications, including:

Tier 1 national ranking in Banking and Finance Law

U.S. News – Best Lawyers “Best Law Firms” (2010 – 2024)

Consistently recognized as a leading firm for Banking and Finance

Chambers USA (2007 – 2024)

Silicon Valley Bank, A Division of First Citizens Bank

Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial banking to companies in the technology, life science and healthcare, private equity and venture capital industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com

Stifel Bank

With the legacy of Stifel, a leading Wealth Management and Investment Banking firm established in St. Louis in 1890, Stifel Bank provides growth and middle-market businesses and their owners a full range of lending, deposit, treasury, and private banking services. We are known for our superior customer service, flexibility, and entrepreneurial approach to banking.

Stifel Fund Banking offers a one-stop solution for the credit and treasury needs of private fund managers across all alternative asset classes. We focus on simple yet flexible subscription credit facilities, along with other products designed to optimize fund performance and streamline operations. The Fund Banking team partners closely with Stifel’s Investment Bank and other lending verticals to provide fund managers full coverage at both the fund and portfolio-level, all under one roof.

Texas Capital Bank

Texas Capital is the collective brand name for Texas Capital Bank (“TCB”) and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is the premier full-service financial services firm headquartered in Texas delivering customized solutions to businesses, entrepreneurs and individual customers. Since our founding more than 25 years ago, Texas Capital has undergone an enterprise-wide transformation designed to provide our clients with the widest possible range of differentiated products and services, on parity with those of the largest Wall Street banks. With offices in Dallas, Austin, Houston, San Antonio and Fort Worth, and a network of clients across the country, Texas Capital offers industry-leading expertise, global reach and a uniquely Texan approach to best serve our clients. Texas Capital is also committed to partnering with our local communities, investing our time, resources and capital in Texas charities and communities through the Texas Capital Foundation. For more information, please visit www.texascapital.com.

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 200+ retainer clients have more than $3.2 trillion in combined assets under management.

Since 2010 we have delivered market-leading 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 programs, through dedicated resources and proprietary technology.

In addition, since 2018 we have provided 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. We also provide automated technology solutions to help clients meet ongoing operational requirements related to their financing facilities.

Silver Sponsors

Allvue

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

Alston & Bird

Alston & Bird’s corporate debt finance team has experience in virtually every aspect of the debt capital markets across the spectrum of transaction types and settings, representing private equity sponsors and their portfolio companies, corporate borrowers, private credit funds, and commercial banks engaged in public and private, domestic and cross-border financings. We represent players throughout the U.S., Europe, the Middle East, and Africa in investment-grade and leveraged syndicated credits, senior secured unitranche financings, second-lien financings, mezzanine financings, asset-based lending, acquisition financings, dividend and other recapitalizations, fund finance, high yield bond and other public and private debt issues, restructurings and workouts.

We draw on our experience representing both borrowers and lenders to focus on business issues of true significance in order to effectively and efficiently close deals. We work as a cross-disciplinary team, including attorneys with experience in tax, bankruptcy and creditors’ rights, health care, hospitality, construction, litigation, ERISA, environmental, land use, securities, banking regulation, funds, REITs, and dispute resolutions to provide a seamless experience for clients in large, complex financing transactions.

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 900, 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.

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. Learn more at AssuredGuaranty.com.

BC Partners Credit

BC Partners Credit was launched in 2017 and seeks to provide a full credit cycle investment platform, allocating liquid and illiquid capital to the middle market. We invest diverse pools of capital across the risk / return spectrum totaling $6.9 billion of AUM, which gives us the flexibility to propose solutions tailored to each borrower’s unique objectives. This allows BCP Credit to be a value-added partner who can scale throughout the borrower’s life cycle. Recognized as a leader and early mover in GP and NAV financing, BCP Credit has deployed over $600mm across a substantial GP/NAV portfolio as alternative managers search for creative financing solutions to address the current themes of (1) slower fundraising, (b) delayed exits, and (c) increased investor demand for returned capital.

BOK Financial

Founded in 1910 as a regional source of capital for the energy industry, BOK Financial has grown into one of the strongest and most vibrant financial institutions in the country, fueling economic growth and security across the American Midwest and Southwest. From its roots in Tulsa, Oklahoma, BOK Financial has evolved into a leading provider of sophisticated financial solutions to businesses, institutions, and individuals nationwide.

BOK Financial is nimble and responsive to changing market and industry conditions, while taking the time to build enduring relationships with its clients.

Believing that no financial challenge is too big and no opportunity too small to make an impact, BOK Financial is guided by its commitment to serving clients, providing a positive work environment for employees, and making a difference in the communities it serves.

China Merchants Bank

Founded in 1987, the Company is headquartered in Shenzhen, China. The Company mainly focuses on the market in China with branches primarily covering major cities in the Chinese mainland, as well as international financial centres such as Hong Kong of China, New York, London, Singapore, Luxembourg and Sydney. The Company was listed on the Shanghai Stock Exchange in April 2002 and the SEHK in September 2006.

In July 2023, the Company received the award of “Best Bank in China” at the “2023 Awards for Excellence” ceremony staged by Euromoney (UK) for the fifth consecutive year, marking the first “5-year championship streak” in its awarding history, and was also the only Chinese bank to receive the “Awards for Excellence” in that year.
In July 2023, the Company ranked 11th on the list of “Top 1,000 World Banks 2023” released by The Banker (UK), ranking first in the best performing Chinese banks for three consecutive years.
The list of Fortune Global 500 was officially released in August 2023, on which the Company ranked 179th and making the list for 12 consecutive years.
In June 2023, the US-based Institutional Investor magazine released the results of the “2023 All-Asia Executive Team”, recognising the Company as the bank with the highest overall ranking and the most awards in the Asian region. The Company won several awards, including “Best Board of Directors”, “Asia’s Most Respected Company”, “Best IR Company” and “Best ESG Company”.

Cleary Gottlieb Steen & Hamilton LLP

Cleary Gottlieb has been a pioneer in globalizing the legal profession since 1946 – our lawyers work across practices, industries, jurisdictions and continents to provide clients with simple, actionable approaches to their most complex legal and business challenges, whether domestic or international. We have 16 offices in major financial centers around the world, but we operate as a single, integrated global partnership. Cleary’s strength lies in our proven track record for serving with innovation and achieving consistent success in multiple jurisdictions.

Cleary Gottlieb’s fund and sponsor finance practice has decades of experience advising funds on their financing needs and on bespoke investments, leveraging the expertise of our private funds, debt finance and structured finance attorneys to advise on the full range of financing matters, from routine bank lending transactions to more complex, event-driven financings. For our fund clients, we often work on capital call/subscription facilities; GP and management fee lines of credit; partner loan programs; umbrella, net asset value, hybrid and unencumbered asset pool credit facilities; and direct lending and other capital solutions/special situations projects.

Harneys

Harneys is a leading international offshore law firm offering expert advice on the laws of the British Virgin Islands, the Cayman Islands, Luxembourg, Cyprus, Bermuda, Anguilla, and Jersey* to a global client base that includes the world’s top law firms, financial institutions, and investment funds, as well as high-net-worth individuals. We are a full-service offshore law firm that manages all transactional, contentious, and private client disciplines. Our lawyers often work alongside Harneys Fiduciary, our strategic alliance partner, which offers a full complement of corporate, wealth, and fiduciary services.

Harneys has played in key role in the offshore finance industry since its inception. Our clients include almost every significant bank and financial institution in the world as well as listed and private companies. Harneys have advised on a wide range of offshore financing transactions including fund finance, leveraged finance, margin lending, acquisition finance, pre-IPO finance, take-private transactions, bond issuances, convertible instruments, derivative transactions, property finance and syndicated lending.

*Jersey legal services are provided through a referral arrangement with Harneys (Jersey) which is an independently owned and controlled Jersey law firm.

Katten

Katten is a full-service law firm with approximately 700 attorneys in locations across the United States and in London and Shanghai. Clients seeking sophisticated, high-value legal services turn to Katten for counsel locally, nationally and internationally. The firm’s core areas of practice include private credit, corporate, financial markets and funds, insolvency and restructuring, intellectual property, litigation, real estate, structured finance and securitization, transactional tax planning and private wealth. Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals. For more information, visit katten.com.

Marsh

Marsh is the world’s leading global insurance broker and risk advisor. Our Structured Credit division specializes in the advisory, structuring and placement of credit risk-transfer solutions into the institutional insurance market. We are a global team that primarily works with Bank and Non-Bank Financial Institution clients providing tools to mitigate borrower, country and sectoral limit constraints, increase lending capacity, improve advance rates, and credit enhance various structured finance transaction types, spanning a variety of sectors and asset classes. Our Fund Finance expertise specifically encompasses both single-name situations and portfolios (including SRT/CRTs), covering capital call, hybrid and NAV facilities, as well as rated feeder funds and collateralized fund obligations.

Matheson

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

Morgan, Lewis & Bockius LLP

From our offices in strategic hubs of commerce, law, and government across North America, Asia, Europe, and the Middle East, we work with clients ranging from established, global Fortune 100 companies to enterprising startups. Our team of more than 2,200 lawyers and legal professionals provides comprehensive corporate, transactional, litigation, and regulatory services in major industries, including energy, financial services, healthcare, life sciences, retail and ecommerce, sports, technology, and transportation. We focus on both immediate and long-term goals with our clients, helping them address and anticipate challenges across vast and rapidly changing landscapes.

We approach every representation with an equal commitment to first understanding, and then efficiently and effectively advancing, the interests of our clients and arriving at the best results. If a client has a question, we’ll immediately find the person in our global network with the answer. If there’s a shift in the legal landscape, we’re on top of it, and our clients will be too.

Founded in 1873, we stand on the shoulders of more than 150 years of achievement, but we never rest on our reputation.

Morgan Stanley Private Wealth Management

Mourant

Our cross-practice fund finance team advises open-ended and closed-ended funds established in the Cayman Islands, the BVI, Jersey, Guernsey and Luxembourg, as well as bank and non-bank lenders to those funds.

We regularly advise on the structuring and implementation of subscription credit lines, NAV facilities (including hybrid arrangements), GP loans and other fund level leverage and related security arrangements. We often do so in conjunction with leading law firms onshore.

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.

Seward & Kissel LLP

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

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

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

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.

Smith Anderson

Smith Anderson is a full-service business and litigation law firm serving regional, national and global companies. Anchored by more than a century of providing innovative legal solutions, we are best known for client service excellence, partner-level attention and a highly experienced and deep bench of support at favorable local market rates.

Our Banking and Finance group focuses on borrower and lender representation, providing counsel that is grounded in national and international experience. Our attorneys have extensive experience representing banks, non-bank lenders and borrowers across the country, as well as lawyers who practiced with global law firms in money centers worldwide. Chambers USA has recognized Smith Anderson’s Finance practice as among the best in North Carolina. Core areas of our Banking & Finance practice include Corporate and Syndicated Finance, Mezzanine Finance, Real Estate Finance, Venture Debt and Technology Finance and Fund Finance. Our Fund Finance group represents both regional and national banks as well as private equity groups on subscription and NAV credit facilities.

Travers Thorp Alberga

Travers Thorp Alberga is a leading offshore law firm for complex and novel financing structuring across all conventional disciplines. Our highly experienced partners advise in respect of all types of offshore structures including securitisations, collateralised loan obligation transactions, CFOs, SPV financing, hedge funds, private equity, corporate and partnership vehicles, asset and structured finance transactions, fund-linked structured products, cryptocurrencies, fintech, capital markets and general corporate and commercial matters. The multi-jurisdictional fund finance team advises on complex fund finance products including subscription financing, asset backed financing (NAV facilities), hybrid, GP support, preferred equity, secondaries, continuation funds and esoteric hybrid capital structures. The firm comprises around 60 fee-earners globally and advises from offices in Grand Cayman, the British Virgin Islands, London, Hong Kong, Australia and New Zealand.

Webster Bank

Webster Bank is a values-based, leading commercial bank with more than $79.5 billion in assets focused on delivering financial solutions to businesses, individuals and families. With headquarters in Stamford, Connecticut, our footprint spans the Northeast from the New York City metropolitan area to Rhode Island and Massachusetts. We offer differentiated lines of business including, Commercial Banking, Consumer Banking and our Healthcare Financial Services segment that includes HSA Bank and Ametros.

Webster’s Fund Banking Group serves as a trusted banking partner for middle-market private equity, commercial real estate, and private credit firms across the nation. The group provides a full suite of fund-level financing solutions, including subscription credit facilities, NAV/hybrid lines, and GP commitment lines. These lending capabilities are complemented by comprehensive tailored treasury offerings including online banking, escrow agent services, and interest rate risk management.

Weil, Gotshal & Manges LLP

Founded in 1931, Weil has provided legal services to the largest financial institutions, private equity firms and public companies for more than 90 years. Weil’s Fund Finance team advises many of the world’s leading sponsors, investment managers and lenders on the full suite of fund finance matters, including NAV facilities, subscription and capital call lines, GP financings and rated note feeder structures, as well as navigating the fund governance, tax and regulatory issues related to fund financing transactions. Our lawyers work seamlessly across borders and practices, collaborating closely with our market leading Private Funds, Banking & Finance, Private Equity and Tax practices to provide comprehensive support across every facet of fund finance. Recognizing the unique nature of each transaction, Weil takes a thoughtful and commercial approach to deliver innovative solutions to help our clients optimize liquidity and mitigate risk.

WTW

WTW established Financial Solutions in 1979, which has since become a global center of excellence for credit and political risk insurance. We work closely with some of the world’s leading financial institutions in the structuring of comprehensive non-payment insurance, protecting them against financial loss, balancing their portfolios and managing their capital requirements. Our team have been delivering time tested solutions to our clients for over 40 years. We have a network of more than 200 dedicated staff across 24 countries to support clients with transactional risks globally, providing innovative and comprehensive solutions for all type of financing structures, including Subscription Finance, NAV Finance, Hybrid Facilities, Asset Backed Finance, Derivative Counterparty Credit Risk, Project Finance, Term Loans and more.

Bronze Sponsors

Alpha Group

Alpha’s Fund Finance division is part of Alpha Group International, a FTSE 250 company servicing over 1,300 investment managers across eight global offices. The team consists of a specialist mix of lender and borrower-side experience accumulated over 50 years in the fund finance industry. From senior structuring and execution positions within leading lending organisations to fund operations and portfolio management at leading alternative asset managers, the Alpha team has completed over 400 fund finance facilities to date.

In 2023, the division launched the industry’s first digital intermediary platform, Alpha Match. With over 300 lender profiles already on the platform and a client base of over 1,300 investment managers, Alpha Match enables borrowers and lenders to quickly and seamlessly match with one another based on their ideal requirements. To find out more, visit, https://www.alphagroup.com/institutional/fund-finance/

Apple Bank

Since 1863, Apple Bank has been a stable banking presence in New York City and its surrounding communities. Our customers’ trust, loyalty and support are intrinsic to our success and are never taken for granted. We have been dedicated to banking in our communities served for 160 years. Apple Bank’s branch network of over 80 locations extends from East Hampton to East Harlem, from Staten Island to upper Westchester and Rockland counties and into New Jersey.

Apple Bank’s Commercial Banking unit consists of 3 main segments: CRE, C&I, and our National Deposits Group. Within C&I, we are an active participant in Fund Finance through two of our largest product lines: Subscription and Lender Finance.

Our Subscription and Lender Finance Teams are focused on providing high-quality products to the many fund sponsors they service. Both Teams are overseen by accomplished industry professionals that collectively have well over 100 years of experience in the fund finance world.

BakerHostetler

BakerHostetler is one of the largest law firms in the U.S., with more than 1000 attorneys in 18 offices across the country. Our six practice groups – Business, Digital Assets and Data Management, Intellectual Property, Labor and Employment, Litigation and Tax – manage client matters across every industry, with the goal of helping them minimize risk while growing their businesses.

BakerHostetler’s Debt Finance team represents lenders – and occasionally general partners or fund managers as borrowers – in a variety of subscription-based lines of credit, NAV facilities, hybrid facilities, warehouse facilities and other credit facilities used to finance the liquidity needs of major investment funds. The funds with which we work in these facilities include real estate acquisition and development, real estate finance, private credit, private equity and other similar funds, such as bespoke funds established for sovereign investors. We are experienced in cross-border facilities, and navigate complex intercreditor relationships, as well as work on bilateral or syndicated credit facilities for arrangers, agents and co-lenders.

Our Investment Funds team provides fund formation, regulatory and compliance, litigation and regulatory enforcement defense services to private equity funds, private credit and debt funds, real estate funds, hedge funds and other types of funds, with a focus on the middle market, as well as start-up funds. We work with our clients to understand their priorities and future goals, then develop a tailored strategy that is effective, efficient and consistent with their core values.

When working with BakerHostetler, clients benefit not only from working with the team dedicated to their business, but by having the resources and experience of the entire firm available to provide insight and guidance.

The Bank of East Asia, Limited

Incorporated in 1918, The Bank of East Asia, Limited (“BEA”) is a leading Hong Kong-based financial services group listed on The Stock Exchange of Hong Kong, with total consolidated assets of HK$875.2 billion (US$112.1 billion) as of 30 June 2024. BEA provides a comprehensive range of wholesale banking, personal banking, wealth management, and investment services across Hong Kong, the Chinese Mainland, Southeast Asia, the United Kingdom, and the United States. Worldwide, BEA employs over 8,000 people who serve our customers through approximately 130 outlets.

The Bank of East Asia, Limited, New York Branch is a Federal Deposit of Insurance Corporation (“FDIC”) insured branch established in 1984. With total loan assets of approximately US$4.2 billion, the Branch is dedicated to offering wholesale banking services including syndicated loans, commercial and property loans and trade finance services.

For more information, please visit https://www.hkbea-beany.com/html/en/index.html

For inquiries, please contact Ms Kelly Xu, Vice President of New York Branch (Email: xuks@hkbea-us.com).

Bank OZK

Bank OZK (Nasdaq: OZK) consistently ranks as one of the best performing financial institutions in the country given its high level of profitability, strong capital and liquidity, disciplined credit culture and outstanding team. Our Corporate & Institutional Banking (CIB) division offers a full suite of tailored solutions so our clients can achieve their growth and acquisition strategies by putting our financial strength to work for you. This is achieved by the “trust adviser” mindset. By leveraging our corporate banking team, diversified industry experience, dedicated lending division and innovative treasury management specialists to deliver greater solutions to our clients at every stage of their business lifecycle.

Bank OZK’s Fund Finance team offers senior secured credit facilities and ancillary services to private debt/equity firms, investment firms, family offices and financial institutions. Core credit products include Capital Call Lines (Subscription Finance) and Net Asset Value (NAV) facilities.

Bayview Asset Management

Bayview is headquartered in Coral Gables, Florida, with over 1,450 employees globally and manages appx. $19.5

billion of assets as of October 2024. Bayview was founded in 1993 as an advisor to large financial

institutions on valuing, hedging, and trading Mortgage Servicing Rights (MSRs). The Firm has grown from a

small advisory boutique to a fully integrated investment manager. Bayview’s expertise spans every aspect of the credit value chain,

including the origination and acquisition of whole loans, special servicing, securitizations, securities trading, fund finance,

special situations investing, and the acquisition, management, and origination of MSRs. Bayview was

established with the premise that significant value is created at the intersection of credit investing funds and

credit operating companies. We believe these businesses, under one roof, provide unique market insights,

data and analytics, differentiated investing capabilities, and significant barriers to entry. Anchoring Bayview’s

operating units are originations and servicing businesses, which enable the Firm to invest and originate across the entire

mortgage, consumer and fund universe, with a proven ability to invest through market cycles.

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 and the Working Guide to Fund Finance, a comprehensive “how-to” guide to European and offshore fund finance.

www.brickfieldrecruitment.com

Campbells

Campbells is a leading full service offshore law firm established in 1970. From our offices in the Cayman Islands, the British Virgin Islands and Hong Kong we provide comprehensive corporate and litigation advice and services to clients worldwide in relation to Cayman Islands and British Virgin Islands law. We are regularly trusted to advise some of the most prominent names in finance, investment and insurance and we are frequently involved in the largest and most complex transactions, disputes and insolvencies in both jurisdictions.

Our legal team is internationally recognised for its expertise by leading directories and trade publications and we are also proud to be actively involved in the development of legislation, sitting on critical government legislative committees. Campbells is a member of the international legal networks Meritas and World Law Group.

Cathay Bank

Cathay Bank is a commercial bank founded in Los Angeles in 1962. We build long-term relationships, looking ahead to future possibilities and focusing on putting people and companies on paths to success. Our flexible approach allows us to respond quickly to our customers and the rapidly changing marketplace. We’re invested in doing all we can for our customers by offering a wide range of financial services through nine states in the U.S. as well as a branch in Hong Kong and representative offices in Beijing, Shanghai, and Taipei. Cathay Bank is a subsidiary of Cathay General Bancorp (Nasdaq: CATY).

To engage with our Funds Finance team, contact Peter Thompson, SVP & Manager, Cathay Bank - Fund Finance Group, at peter.thompson@cathaybank.com, 626-279-3701.

Colchester Partners

Formed in 2002, Colchester Partners is an investment banking and strategic advisory firm serving the needs of investment management organizations and their professionals.

Colchester’s fund finance advisory practice supports GPs as they explore NAV loans and other structured finance solutions to create additional investment capacity and/or accelerate liquidity.

More broadly, Colchester also represents private markets firms seeking M&A transactions, minority equity sales (GP stakes) and non-dilutive capital raises at the management company/GP level.

Colchester brings a deep understanding of the unique aspects of the investment management business to its engagements.

For more information, please visit: www.colchesterpartners.com

Crestline Investors

Crestline Investors, founded in 1997, is a premier and trusted partner for alternative investment solutions, providing creative capital solutions that generate consistent risk-adjusted returns over multiple market and economic cycles.

Crestline brings institutional expertise to its specialty sectors and business lines that it applies to creating solutions and identifying opportunities throughout the capital structure, including credit and opportunistic investments that offer flexible capital solutions to middle market companies, asset backed investing and financing solutions for private equity, real estate and infrastructure funds and other private asset vehicles. Crestline Summit employs a multi-strategy, multi-portfolio manager, equity-oriented market neutral approach to producing absolute returns. Crestline provides beta and hedging solutions for institutional clients. CL Life and Annuity Insurance Company, Crestline’s life and annuity insurance subsidiary, is a provider of fixed annuity products specially designed to manage assets that offer policyholders stable growth, tax deferral, wealth transfer, and retirement income planning. Headquartered in Fort Worth, Texas, Crestline maintains affiliate offices in London, New York, Tokyo, and Toronto.

DBS Bank Ltd

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 15 consecutive years from 2009 to 2023.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

Foley Hoag LLP

Foley Hoag is committed to helping our clients achieve their desired results by excelling in the time-honored practices of the legal profession and seizing on new ways to continuously improve our performance and service level. Since 1943, Foley Hoag has represented public and private clients in a wide range of disputes and transactions around the world. Our debt finance practice provides a full range of services to both borrowers and lenders in commercial loan transactions and debt offerings. We have established a lengthy record of success in industries such as life sciences, healthcare, technology, energy/renewables, investment management and professional services. From our offices in Boston, Washington, D.C., New York, and Paris, we provide creative, strategic legal advice tailored to clients’ unique goals, and our lawyers share a common emphasis on superior client service. For more information on the firm, visit: www.foleyhoag.com.

Lincoln International

We are trusted investment banking advisors to business owners and senior executives of leading private equity firms and their portfolio companies and to public and privately held companies around the world. Our services include mergers and acquisitions advisory, private funds and capital markets advisory, and valuations and fairness opinions. As one tightly integrated team of more than 1,000 professionals in more than 20 offices in 15 countries, we offer an unobstructed perspective on the global private capital markets, backed by superb execution and a deep commitment to client success. With extensive industry knowledge and relationships, timely market intelligence and strategic insights, we forge deep, productive client relationships that endure for decades. Connect with us to learn more at www.lincolninternational.com.

NatWest

At NatWest, we’re committed to providing solutions that meet the unique needs of our funds customers.

Our team will work closely with you to understand your needs, so they can offer actionable insights and the strategic advice to support your growth and success.

We offer a comprehensive range of financing solutions, including sub-lines, NAV facilities, securitisation structures, with specialist structuring and execution teams to ensure best execution. We also offer risk management solutions to optimise any foreign currency or interest rate risks within your fund structures. Additionally, we are able to support your working capital requirements for any Luxembourg, Jersey, Guernesy or UK-based funds with our tailored operational banking and depository services platform.

We value transparency, integrity, and a focus on sustainability, ensuring that our practices align with the ethical standards you expect. Partnering with NatWest means accessing a range of full range of banking solutions and a supportive team dedicated to your success.

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.

Torys LLP

Torys LLP is an international business law firm with a reputation for quality, innovation, and teamwork. Our experience, collaborative practice style, and the insight and creativity we bring to our work make us our clients’ choice for their largest and most complex transactions, as well as for general matters where judgment and strategic advice are key. We serve clients across Canada and globally from offices in Toronto, New York, Calgary, Montréal and our Legal Services Centre in Halifax.

The Banking and Debt Finance team offers integrated cross-border services, industry-leading regulatory counsel and the sharpest legal minds known for creative first-of-kind structures tailored to clients’ needs, helping them stay ahead of the curve. We are repeatedly recognized for our ability to apply creative acumen, practical commercial knowledge and uncompromising service to resolve challenges and fulfill our client’s goals. This includes having been recognized by IFLR as the 2024 Canada Corporate Law Firm of the Year and ranked in the Chambers Canada 2025 guide as a Band 1 Firm in Banking and Finance for the ninth year.

Troutman Pepper Locke

Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Clients navigating sophisticated finance matters trust our attorneys to proactively assess risk, evaluate the business impact and recommend creative solutions. From financing new opportunities to evaluating and implementing restructuring and workout strategies, we advise lenders, borrowers and other stakeholders on all types of financing transactions, including those with terms and structures which are unconventional, as well as those secured by cross-border collateral. Our Fund Finance practice represents major U.S. banks and lenders on venture capital and private equity bilateral and syndicated subscription-based credit facilities. We are well versed in advising our clients on how to configure capital call loan facilities to address a complex array of the various fund structures. Learn more at troutman.com.

UniCredit

UniCredit is a pan-European Commercial Bank with a unique service offering in Italy, Germany, Central and Eastern Europe. Our purpose is to empower communities to progress, delivering the best-in-class for all stakeholders, unlocking the potential of our people and our clients across Europe.

We serve circa 15 million customers worldwide. They are at the heart of what we do in all our markets. UniCredit is organized in four core regions and three product factories, Corporate, Individual and Group Payments Solutions. This allows us to be close to our clients and use the scale of the entire Group for developing and offering the best products across all our markets.

Digitalisation and our commitment to ESG principles are key enablers for our service. They help us deliver excellence to our stakeholders and creating a sustainable future for our clients, our communities and our people.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP provides leading-edge legal solutions on complex, business-critical issues spanning markets and industries. Our more than 1,200 attorneys across 15 offices worldwide deliver innovative, pragmatic and sophisticated legal services across approximately 45 practice areas.

Willkie’s Finance team provides comprehensive counsel to global clients in their most sophisticated financing transactions. With 70+ dedicated finance lawyers, our team possesses the experience and in-depth knowledge of the markets in which our diverse clients operate to provide creative, business-focused legal advice.

Willkie’s Finance and Structured Finance teams have extensive experience representing asset managers and lenders in fund finance and back leverage products, including subscription or capital call borrowing, hybrid facilities, NAV facilities (including ABL, warehouse and forward-flow structures), preferred equity, management company facilities, and GP and principal programs. Our collaborative teams in the U.S. and Europe work seamlessly with our asset management, private funds, and insurance regulatory teams.

Media Partners

Global Legal Group

Global Legal Group (GLG) is an independent London-based legal media company firmly committed to delivering pivotal insights. Our range of print and digital products, as well as in-person and online events, provides primary legal, regulatory and policy information and reporting to businesses worldwide. We believe in pursuing fresh, indispensable information to advance the industry as a whole. Across our products, we cover more than 60 areas of law and over 190 jurisdictions, connecting our audience with the expert knowledge they seek out and rely on. We’re passionate about highly relevant, real-time information that empowers learning and advice as it’s shared among our global community, which is made up of private practice lawyers, in-house counsel, compliance officers and businesspeople.

Global Legal Insights to Fund Finance 2025 now into its ninth edition, provides in-depth analysis, insight and intelligence across 31 expert analysis chapters and 19 jurisdictions, covering key industry trends and developments around fund formation, net asset value facilities, subscription lines, enforcement, secondaries, ratings and collateralised fund obligations alongside much more. Written by leading industry participants from across the industry, this is the definitive legal guide for the global fund finance industry in 2025. Available online and to download for free.

You may call 1-800-548-8886 (group reservations press option) and mention Fund Finance Association - 2025 Global Symposium if you have further questions.

Fontainebleau

: 4441 Collins Ave
Miami Beach, FL 33140
Location

: 1-800-548-8886

Rooms are reserved on a first-come, first-served basis.