Name: FFA US University 2.0
Start: 2022-10-06T08:30:00Z
End: 2022-10-06T19:00:00Z
Location: Cadwalader, Wickersham & Taft LLP

FFA Event

FFA US University 2.0

October 06, 2022

8:30 AM - 7:00 PM EST

New York, NY

This intensive full-day training session will occur in-person in New York on October 6, 2022. The program is designed for mid-level bankers and lawyers transacting under U.S. law and will cover advanced issues in subscription facilities, NAV loan structures and issues, Collateralized Fund Obligations and the PE business model. A complimentary networking reception sponsored by KBRA will follow. A detailed curriculum will be announced shortly.

Cost USD$495 per attendee.

Curriculum subject to change. Updated 9/27/2022

Zac Barnett

Fund Finance Partners

The Credit Provider Spectrum

2:30 PM | 2022-10-06

Zac Barnett

Co-Founder | Fund Finance Partners

In his 20+ years of experience as an attorney and advisor in the fund finance space, Zac is considered a pioneer of the industry. He has represented investment banks and fund sponsors on some of the largest, most complex fund financings, earning him annual recognition in Chambers. His broad range of experience in connection with loans to various real estate, private equity, secondaries, private credit, energy, infrastructure and hedge funds provides FFP with the knowledge necessary to guide fund sponsors through the process of securing various fund financings.

His deep understanding of fund formats has led to the development of creative fund finance structures including hybrid and NAV structures, fund of fund and fund of hedge fund facilities, private placements, open-end fund lending structures and several different variations of fund aftercare facilities.

As the Global Head of Mayer Brown’s Fund Finance practice and Co-Head of their Global Lending practice, Zac led over 500 fund financings including 350 individual subscription-backed credit facilities. Zac also co-founded the Annual Fund Finance Symposium, now administered by the Fund Finance Association.

Zac maintains a high-profile presence in the private equity and fund finance spheres. He is the pre-eminent writer in the space having authored more than 50 articles on various topics relating to the laws, regulations, economic rationale and structures impacting the fund finance universe. He regularly moderates and sits on industry panels; his work has been cited in a number of prominent publications, from the Los Angeles Times to Private Equity International, Bloomberg and others.

“Smart, hard-working and personable – he is able to clearly outline the business issues and come to thoughtful compromises.” -Chambers and Partners

Ron Franklin

Proskauer

Collateralized Fund Obligations

4:00 PM | 2022-10-06

Ron Franklin

Partner | Proskauer

Ron D. Franklin is co-head of Proskauer's Corporate Finance Group and leads the Firm’s Fund Finance practice. He advises clients across a broad spectrum of finance issues, including secured and unsecured lending transactions, domestic and cross-border acquisition financings, all types of fund financings, project financings, workouts, restructurings and general banking concerns. He also counsels corporate clients regarding stock and asset acquisitions, contract negotiations and general corporate matters.

Andie Goh

Ares

Collateralized Fund Obligations

4:00 PM | 2022-10-06

Andie Goh

Principal – Alternative Credit | Ares

Andie Goh is a Principal at Ares Management, where she focuses on Alternative Credit investments. She is responsible for the deployment of capital in asset-focused opportunities across a wide variety of collateral types including fund finance. Ms. Goh holds a B.S. from the New York University Stern School of Business in Finance, and an M.A. from Columbia University in Mathematics. She co-founded and serves as Global Co-Chair for the Out at Ares Employee Resource Group.

Terry Hatton

MUFG

Advanced Issues in Subscription Facilities

9:05 AM | 2022-10-06

Terry Hatton

Senior Vice President and Manager | MUFG

Terry Hatton is a Managing Director and head of the Fund Finance Group for MUFG in New York. MUFG’s fund client base includes real estate, mezzanine, infrastructure, energy, private equity and venture capital. The bank has built an established track record, providing fund sponsors with competitive lending products, inclusive of subscription and bridge capital call facilities; senior and asset-based debt financing for general industries, as well as health care, environmental, and aerospace and defense. Terry has a bachelor’s degree from University of Western Ontario.

Jocelyn Hirsch

Kirkland & Ellis LLP

Market Update

4:45 PM | 2022-10-06

Jocelyn Hirsch

Partner | Kirkland & Ellis LLP

Jocelyn Hirsch is a partner at Kirkland & Ellis LLP whose practice focuses primarily on the representation of private equity sponsors and corporate borrowers in complex financing transactions, including leveraged buyouts, cross border facilities, asset based facilities and sponsor capital call/subscription and NAV facilities. Her experience in private equity covers multiple sectors including real estate, energy, infrastructure, secondary and financial services funds with aggregate funds raised totaling tens of billions of dollars. Jocelyn's client list spans the globe and includes Warburg Pincus, Vista Equity Partners, Ares, Golub Capital, HGGC, LS Power, TPG, JPM Infrastructure, Summit Partners and GTCR, among others.

Jocelyn is nationally regarded as a leading voice in the fund facility market and represents many of the world’s preeminent private equity, debt and related investment funds in complex and bespoke fund financings. She is routinely called upon to speak on fund finance topics.

John Hogan

KBRA

Key Factors and Trends in Fund Finance Credit Ratings

11:10 AM | 2022-10-06

John Hogan

Head of Ratings Legal and Managing Director | KBRA

John Hogan is a Managing Director and In-house Counsel focused on European and UK structured finance transactions at Kroll Bond Rating Agency (KBRA). As of May 2021, he assumed the role of Head of Ratings Legal at KBRA and is based in London.

Prior to joining KBRA, John was a covered bond analyst at Moody’s Investors Service. Previously to Moody’s, he worked as in-house counsel focused on structured finance transactions at several investment and retail banks in London and Dublin. John qualified as a solicitor at Clifford Chance LLP.

John holds an L.L.B. from Trinity College Dublin.

Jeff Johnston

Fund Finance Association

Fund Finance Association Update

3:45 PM | 2022-10-06

Jeff Johnston

Chairman | Fund Finance Association

Jeff Johnston, CFA, is the former Head of Asset Management within Wells Fargo’s Corporate & Investment Banking group. In that capacity Mr. Johnston oversaw a team of corporate and investment bankers who deliver a broad array of products and services, inclusive of advisory, debt and equity capital markets, subscription finance, management company loans, treasury management & depository services and other banking products for traditional and alternative asset managers globally.

In 2018 Mr. Johnston took over leadership for the Subscription Finance business of which he previously ran the Origination, Structuring and Execution team within that group. He is responsible for creating the Subscription Finance business within Wells Fargo in 2010. Prior to 2010 Mr. Johnston held a variety of roles across structured products at Wells Fargo and Bank of America.

Mr. Johnston is a CFA charterholder and received a BA from the University of South Florida in Physics, and is currently the Chairman of the Fund Finance Association, a global industry association for constituents in the fund finance space.

Mike Mascia

Fund Finance Association

Welcome & Introduction

9:00 AM | 2022-10-06

Closing Remarks

5:15 PM | 2022-10-06

Mike Mascia

Secretary | Fund Finance Association

Mike Mascia is the former Chair of Cadwalader, Wickersham & Taft’s Finance Group and was a member of the firm’s Management Committee. He had a globally recognized fund finance practice, having represented lenders in subscription credit facilities to real estate and private equity funds sponsored by many of the world’s preeminent fund sponsors. He has been lead counsel on numerous hybrid facilities, and is one of the few attorneys in the United States with experience in both subscription credit facilities and CLO’s. Mike represents lenders on leverage facilities to secondary funds and other credits looking primarily to fund assets or NAV for repayment. Mike is the founder of the annual Global Fund Finance Symposium and he is a founding member and the Secretary of the Funds Finance Association.

Nick Mitra

Société Générale

Market Update

4:45 PM | 2022-10-06

Nick Mitra

Managing Director | Société Générale

Nick Mitra is a Managing Director in the Credit & Structured Financing platform at Société Générale. He is part of the team responsible for Capital Call, Hybrid, NAV facilities and PE Secondaries financings. Prior to joining Société Générale, Nick worked at Natixis where he headed the Capital Call financing business, He has also worked at Goldman Sachs and Accenture in different roles and was the CFO of an entrepreneurial start-up – UConnections.com – aimed at the education space. Nick started his career at Lehman Brothers as a trader’s assistant in the security lending/repo area. Nick has approximately 18 years of experience in the financial sector. Nick is also a co-founding member of the Fund Finance Association, an industry group dedicated to Fund Finance and related products, where he sits on the Board of the Association.

Nick holds an MBA in Finance from NYU and a BS in Finance from Lehigh University, and is a CFA charter holder. He is also the First Vice Chairman of the Fund Finance Association.

Gopal Narsimhamurthy

KBRA

Collateralized Fund Obligations

4:00 PM | 2022-10-06

Gopal Narsimhamurthy

Managing Director, Funds | KBRA

Gopal Narsimhamurthy is a Managing Director within the Funds Rating Group at KBRA. Gopal has been with KBRA since 2014 and has worked across a number of analytical areas including structured finance, public finance, and project finance.

From September 2017 to August 2019, he relocated to Dublin, Ireland, to provide analytical coverage for European structured finance transactions and support KBRA’s growth initiatives across the region. Previously, he was an associate analyst at Moody’s Investors Service, where he specialized in higher education and health care credit analysis.

Gopal holds a Bachelor of Arts in economics from Rutgers University and a Master of Public Administration with a concentration in finance from New York University.

Pramit Sheth

KBRA

Key Factors and Trends in Fund Finance Credit Ratings

11:10 AM | 2022-10-06

Pramit Sheth

Senior Managing Director, Global Head of Funds | KBRA

Pramit Sheth is a Senior Managing Director at KBRA, where he manages the Funds group. Pramit has over 15 years of experience in credit ratings. Before moving over to the Funds Group, Pramit was a senior member of the KBRA CMBS team, where he helped develop various methodologies and was part of the analytical credit team.

Before joining KBRA, Pramit was an associate at S&P within the CMBS Group. Prior to that role, he was the founder of a real estate development and construction company. Pramit began his career as an analyst associate at S&P Global Ratings, where he worked on CMBS and ratings and research.

Pramit holds a B.S. in finance and information systems with a minor in mathematics from the New York University Stern School of Business.

Michael Timms

17Capital

Daniel Toblib

Macquarie Group

NAV Loan Structures and Issues

10:10 AM | 2022-10-06

Daniel Toblib

Vice President | Macquarie Group

Daniel Toblib is a Vice President at Macquarie Group and leads the firm’s Fund Finance structuring function in New York. Mr. Toblib partners with private equity, private credit and hedge fund sponsors to provide bespoke and innovative financing solutions throughout the fund lifecycle. Mr. Toblib started his professional career at Macquarie Group’s global headquarters in Sydney, Australia in 2016, before relocating to the company’s Americas headquarters in February 2018. Mr. Toblib received a Bachelor of Commerce (Distinction) and Bachelor of Economics (Distinction) from the University of New South Wales, Australia.

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