FFA Event

FFA APAC Fund Finance Market Update

Name: FFA APAC Fund Finance Market Update
Start: 2022-06-22T15:00:00Z
End: 2022-06-22T16:00:00Z

June 22, 2022

3:00 PM - 4:00 PM HKT

Virtual

The FFA APAC Executive Committee hosts fund finance experts to discuss the latest market update, trends and predictions for the APAC Fund Finance market.

Agenda

3:00 - 3:15 pm - PEI Presentation

Tom Zimmermann, PEI Media

3:15 - 3:50 pm - Market Update Views

Moderating: Danielle Roman, Mourant, Hong Kong

- Makiko Harunari, Simpson Thacher & Bartlett, Hong Kong
- Soumitro Mukerji, Mayer Brown, Singapore
- Darren Choy, ANZ, Singapore
- Mathieu Rabillier, HSBC, Hong Kong
- Fabrice Guesde, Natixis, Hong Kong
- Steven Mansy, Macquarie, Australia
- Lucas Huang, OCBC, Singapore
- Albert Tan, Haynes & Boone, USA
- Emma Wang, TR Capital, Hong Kong
- Yixiao Liu Blackstone Real Estate, Hong Kong

3:50 - 4:00 pm - Questions

Speakers

Danielle Roman

Mourant

Danielle Roman

Partner | Mourant

Danielle is a Partner in Mourant’s Banking and Finance team in Hong Kong, having practiced in Asia for over 15 years. She advises on a broad spectrum of cross-border transactions, including asset finance (with particular expertise in aviation and shipping finance), fund financing, acquisition and leveraged finance, debt restructurings, project finance, FinTech and general corporate lending.

In fund financing, she regularly represents investment and commercial banks on subscription credit facilities. She is also Co-Head of the Asia-Pacific Executive Committee for the Fund Finance Association, and is on the board of directors of Women in Fund Finance Asia. Danielle has been recognised for her work in fund finance through awards such as the Dee Dee Sklar Women in Fund Finance Award 2020.

Prior to joining Mourant in 2012, she worked at Clifford Chance in Hong Kong and Dentons in London.

Tom Zimmermann

PEI

Tom Zimmermann

Research Manager, GPs | PEI

Tom Zimmermann is a Research Manager at PEI Media, focusing on the GP-LP relationship via private markets fundraising. Based in London, he is responsible for leading a team of research associates dedicated to maintaining the firm’s databases of institutional investors, fund managers and funds in the private markets space. He is also leading a number of data products such as rankings (including PEI300, PERE200 and II100) as well as quarterly fundraising reports.

Tom graduated from the University of Mannheim with a BSc (Hons) degree in Economics in 2017 and obtained a MSc degree in International Development from the University of Edinburgh in 2018. He is currently pursuing the part-time Executive MSc degree in Finance at the London School of Economics.

Makiko Harunari

Simpson Thacher & Bartlett LLP

Makiko Harunari

Partner | Head of Asia Banking and Credit | Simpson Thacher & Bartlett LLP

Makiko Harunari is a Partner and Head of the Asia Banking and Credit Practice at Simpson Thacher & Bartlett LLP. Based in Simpson Thacher’s Hong Kong office, Makiko concentrates on complex cross-border financing transactions throughout the Asia-Pacific region, leading a team with multi-lingual capabilities and deep transactional expertise in providing liquidity solutions at all levels of the capital structure. Makiko’s practice includes a broad mix of fund finance, private credit, acquisition finance, back-leverage and other innovative financing products. With deep knowledge of the alternative asset management sector and the fund structure, she regularly advises Simpson Thacher’s prominent financial sponsor clientele on matters in connection with the formation and ongoing operations of their investment vehicles, including subscription and NAV facilities.

A recognized industry leader and named to China Business Law Journal’s “The A-List,” Makiko is recognized by key legal publications including Chambers Asia-Pacific, IFLR1000 and The Legal 500 Asia Pacific. She also currently serves as the Deputy Chair of the Asia Pacific Executive Committee of the Fund Finance Association.

Soumitro Mukerji

DLA Piper

Soumitro Mukerji

Partner | DLA Piper

Soumitro is a multi-specialist banking and finance Partner with extensive experience in the Asian and European financial markets. In his professional career spanning nearly two decades, he has advised financial institutions, funds, corporates and financial advisors across the credit and geographic spectrum. His practice covers sponsor-backed financings, fund financings, structured lending, limited recourse financings and corporate lending.

Soumitro has significant expertise in fund finance transactions and has counselled financiers and fund managers on a wide range of fund financing transactions across all asset classes, including subscription line financings, umbrella facilities, NAVs, hybrids, GP facilities and other forms of liquidity solutions. Since 2019, he has advised on fund finance matters exceeding USD8bn in value.

Darren Choy

Sumitomo Mitsui Banking Corporation

Mathieu Rabiller

HSBC

Fabrice Guesde

Natixis

Fabrice Guesde

Head of Credit Markets and Global Structured Credit & Solutions, Asia Pacific | Natixis

Fabrice Guesde took up his role as Head of Credit Markets, Asia Pacific, in January 2021, and was appointed Head of Global Structured Credit & Solutions (GSCS), Asia Pacific in April 2016. Based in Hong Kong, he is responsible for overseeing the development of Natixis’ structured credit solution offering in the region, including across asset-backed securities (ABS), collateralized loan obligations (CLOs), capital call facilities and fund financings, and a range of bank and insurance regulatory solutions. Fabrice has over 25 years’ experience. He began his career in 1989 at Manufacturers Hanover Bank (now JPMorgan Chase), based in Paris, and in 1991 joined Bayerische Landesbank, Paris Branch as Head of Credit and then Head of Structured Credit & Syndication. In 1996 he moved to Commerzbank as Head of Corporate Banking and Structured Credits, France, and in 2003 he joined European IT business-to-business service provider Econocom as Group Financial Director. He joined Natixis in 2006 as Head of Commercial Coordination in the Structured Finance and Market platform, and in 2008 was appointed Head of Debt Engineering. In 2011, Fabrice was named Head of Credit & Insurance Solutions as part of the creation of the GSCS business line, subsequently overseeing the setup and development of Natixis’ capital call and fund financing business for Europe. Fabrice is a graduate of Institut d’Etudes Politiques, Paris, and holds a Master of Law degree from University of Paris II. In addition to French, he speaks English, German and Dutch.

Steven Mansy

Macquarie Group

Lucas Huang

Oversea-Chinese Banking Corporation Ltd

Lucas Huang

Head of Non-Bank Financial Institutions | Oversea-Chinese Banking Corporation Ltd

Lucas Huang is Head of Non-Bank Financial Institutions coverage, leading a team of RMs in the management of client relationships across insurance, stockbrokers, asset managers, private capital funds, exchanges, specialty finance, payment services and fintech. He is a founding member of OCBC’s financial sponsors coverage business, building up a portfolio of global private capital clients. Prior to OCBC, Lucas spent more than a decade in asset management, spanning traditional real money managers, growth equity and mezzanine capital.

Albert Tan

Haynes Boone

Albert Tan

Partner and Co-Head of Fund Finance | Haynes Boone

Albert Tan is a Partner and Co-Head of the Global Fund Finance Group with Haynes and Boone, LLP. Albert also currently on Haynes Boone’s Executive Committee, Board of Directors and Partners Compensation Committee.

Albert has represented investment and commercial banks, as agents and arrangers in more than 600 subscription secured credit facilities with total value of over $200 billion to Asia, US, Europe, Latin America and global real estate, infrastructure, debt, buyout and energy private equity funds, including structuring and documenting some of the first subscription financing to real estate private equity funds in Japan, Greater China, Singapore and Korea and to some of the largest global infrastructure funds and Asia-focused buyout funds; and during the global financial crises of 2007-2008, Albert was one of few fund finance attorneys who represented lenders in the successful enforcement of subscription financing defaults against PE funds and their investors.

The National Law Journal selected Albert to its inaugural list of Finance, Banking and Capital Markets Trailblazers in 2019, Euromoney Expert Guides, Euromoney Institutional Investor 2012, listed him as a “Leading Practitioner” in its Guide to Leading Practitioners: International Private Equity, U.S., and the Minority Corporate Counsel Association recognized Albert as a 2021 MCCA Rainmaker for his outstanding leadership, business acumen, passion and dedication to proactive client development.

Albert serves as a member of the US Advisory Committee and Asia Pacific Executive Committee of the Fund Finance Association.

Albert received his BA from San Diego State University and his JD and LLM from Southern Methodist University and Georgetown University; and speaks Chinese (Mandarin).

Emma Wang

East West Bank

Emma Wang

General Manager of HK Branch | East West Bank

Emma is Deputy General Manager at East West Bank Hong Kong Branch, overseeing all corporate and commercial banking including fund finance. She is the founder of East West Bank’s Private Equity Group in Asia, specialising in providing customised and creative transactions to PE/VC firms. Previously, Emma is a managing partner at TR Capital Group, leading the firm’s strategies to provide non-dilutive NAV solutions to both GPs and LPs. Emma also worked at Comerica Bank Equity Fund Services Group for 5 years, responsible for developing client relationships in the US. She started her career as a credit analyst at MUFG’s New York office. Emma holds a Master’s in Finance from Brandeis International Business School, and a B.A. from Osaka Prefecture University. Emma is trilingual, speaking Chinese, Japanese and English.

Yixiao Liu

Blackstone Real Estate