Track 1: Welcome Remarks and Keynote Address

12:30 PM - 1:30 PM

Patrick Quinn is Managing Partner of Cadwalader, responsible for both driving the strategic growth and direction of the firm as well as managing operations globally.

Working with senior management, Pat oversees the development of Cadwalader’s client relationships and capabilities in key markets, and the firm's continued commitment to the highest levels of client service and attorney excellence. A 30-year veteran of Cadwalader, Pat has been integrally involved in the evolution of the firm into its position today as a trusted advisor helping clients solve the complex legal and business challenges posed by today’s global marketplace. Cadwalader also has a longstanding dedication to serving the public interest, and Pat is responsible for ensuring the firm’s robust pro bono efforts. Pat joined the firm in 1988, has been on the Management Committee since 2006 and is a member of the Hiring Committee. He was named Managing Partner in January 2015.

Additionally, Pat is focused on fostering the development of the firm’s future leaders through professional development and recruitment. He is dedicated to Cadwalader’s diversity efforts, serving as chair of the Global Diversity Committee and as an active participant in the firm’s various affinity groups and inclusion initiatives. Diversity Journal recently recognized Pat and Cadwalader among its 2019 Diversity Leader Award winners.

Pat is a respected corporate and securities lawyer who has practiced primarily in the area of mortgage and asset securitization and finance, representing issuers, underwriters, and investors in both public and private securities and financing transactions. He has broad experience in structuring and restructuring public and private residential and commercial mortgage securitization transactions. His clients include lenders in acquiring, financing and restructuring real estate B notes, mezzanine loans and preferred equity positions. He also has advised clients in the acquisition, disposition and financing of structured real estate debt instruments.

Pat has been recognized in The Best Lawyers in America, Chambers USA: America's Leading Lawyers, Legal 500, IFLR 1000 and New York Super Lawyers., and was recently named by Lawdragon as one of the “500 Leading Lawyers in America” for 2019. He is a graduate of the University of Virginia School of Law and received his B.A. from Fordham University.

Track 1: Welcome Remarks and Keynote Address

12:30 PM - 1:30 PM

Track 1: The Business of Fund Finance

1:45 PM - 2:35 PM

Leah Edelboim is a partner in Cadwalader’s Fund Finance practice. She has more than a decade of experience in fund finance transactions, having worked on some of the largest deals with the biggest syndicates. 

Leah advises banks and other financial institutions on syndicated, club and bilateral subscription credit facilities, as well as NAV facilities, hybrids, management fee lines, GP Financings, Capital Relief Trades and other, often bespoke,  fund finance transactions. With significant experience in both borrower- and lender-side representations, Leah has often been called upon to help clients devise creative structures that reflect evolving regulatory requirements and investor trends.  She also has deep experience advising ratings agencies and providers of financial guaranty and other insurance products in fund finance transactions.

Leah’s industry leadership is reflected in her frequent role as faculty member, panelist, speaker and author on cutting-edge fund finance issues. She often speaks at key conferences hosted by the Fund Finance Association, the Practising Law Institute, Women in Fund Finance and Mondaq; and has delivered intensive trainings for in-house legal teams. Leah was named a winner in the “Law Firm Thought Leadership” category of Corporate Counsel’s 2024 Women, Influence and Power in Law. She is also a regular contributor to Cadwalader’s weekly newsletter, Fund Finance Friday, and serves as a speaker or moderator at the firm’s annual Finance Forum, which brings together hundreds of financial services industry participants each year.

In addition to her practice and related activities, Leah is focused on the mentorship of junior professionals, both at Cadwalader and in the profession. She is a member of and serves on the U.S. planning committee for Women in Fund Finance, where she has orchestrated a number of events and has been a featured speaker, and the Fund Finance Association, where she volunteers her time on the professional development of up-and-coming lawyers via serving as a faculty member for FFA University and the association’s Next Gen group. Her community efforts also extend to Justice Served, a law firm initiative that supports the Food Bank of New York City.

Before entering private practice she served as a law clerk to the Honorable Shelley C. Chapman (Ret.) in the United States Bankruptcy Court for the Southern District of New York.  Prior to entering her career as a lawyer, Leah was a television journalist and producer with Bloomberg News.

Leah received her J.D., cum laude, from the University of Miami School of Law and her B.A. in Political Science and Psychological and Brain Sciences, with highest honors, from The Johns Hopkins University.  She also holds an LL.M. in bankruptcy law from St. John’s University School of Law, where she was awarded the American Bankruptcy Institute Scholarship.

Track 1: The Business of Fund Finance

1:45 PM - 2:35 PM

Mike Mascia is Senior Vice President, Head of Fund Finance, for EverBank. Prior to joining the bank, Mr. Mascia was a partner and chair of the Finance Group at Cadwalader, Wickersham & Taft LLP, where he also was a member of the firm’s Management Committee and the founder and leader of the Fund Finance practice.  

Mr. Mascia is a thought leader, frequent author and speaker on fund finance market developments and issues and is the founder of the annual Global Fund Finance Symposium, now in its 12th year. He also co-founded the Fund Finance Association and currently serves as the organization's Secretary and as a Board Member. Earlier in his career, Mr. Mascia was a partner and Global Head of Banking & Finance at Mayer Brown LLP.

Mr. Mascia has represented the lead arrangers in many of the largest subscription credit facilities and NAV loans. He has been lead counsel on numerous hybrid facilities and is one of the few attorneys in the U.S. with experience in both subscription credit facilities and CLOs. He represents lenders on leverage facilities to secondary funds and other credits looking primarily to fund assets or NAV for repayment. He has also represented lenders on management fee and GP lines of credit, equity commitment facilities, corporate loans that are credit enhanced by the related private equity funds, and capital relief trades on portfolios of fund finance facilities.

Mr. Mascia holds a Master of Business Administration from the Massachusetts Institute of Technology’s Sloan School of Management, a Juris Doctorate from the University of North Carolina Chapel Hill School of Law, and a Bachelor’s degree in Business Administration from the University of North Carolina Chapel Hill.

Track 1: The Business of Fund Finance

1:45 PM - 2:35 PM

Adam is head of the Alternative  Markets Group, a team  responsible for servicing key Alternatives clients through financing,sourcing and solutions transactions across the private markets.

Previously, he held a number of roles across Credit and Mortgages, most recently as head of US Structured Product Sales.  In those roles, Adam helped build and manage sales and solutions businesses that worked with some of the firm’s largest clients to implement deleveraging, distribution and risk management strategies. Adam joined Goldman Sachs in 2005 as an associate and was named managing director in 2009 and partner in 2014.

Prior to joining the firm, Adam worked at Lehman Brothers in Equity Derivatives.

Adam serves on the University of Michigan’s Next Gen Leadership Council as well as the Board of Directors of New York Cares.

Adam earned a BA from the University of Michigan in 1997 and an MBA from the Wharton School of the University of Pennsylvania in 2004.

Track 1: The New Normal: Fund Finance Market Trends in 2024

2:40 PM - 3:30 PM

Tim’s practice focuses on fund finance, and he has significant experience negotiating and documenting subscription credit facilities made to multijurisdictional fund vehicles, including private equity, real estate, REIT, infrastructure and debt funds.  He routinely serves as counsel to lenders and lead agents on bilateral and syndicated credit facilities with complex fund collateral structures, including subscription-secured credit facilities, net asset value secured credit facilities and management fee secured credit facilities. 

Tim’s experience also encompasses working with fund-related borrowers on the negotiation of third-party investor documents with institutional, high net worth and sovereign wealth investors.  He received his B.S. from Birmingham-Southern College, his M.S. in tax accounting from the University of Alabama and his J.D. from Samford University, where he was a member of the editorial board of the Cumberland Law Review.

Track 1: The New Normal: Fund Finance Market Trends in 2024

2:40 PM - 3:30 PM

Trent E. Lindsay is a partner in the Finance Practice at Cadwalader, Wickersham & Taft, with a focus on fund finance and private equity. 

Mr. Lindsay represents lenders as well as borrowers in subscription credit facilities and in other fund finance transactions, including net asset value and hybrid facilities. Parties to these transactions include private equity, credit, venture capital, real estate, infrastructure and other investment funds.

Mr. Lindsay also has substantial experience in mergers and acquisitions.

Track 1: The New Normal: Fund Finance Market Trends in 2024

2:40 PM - 3:30 PM

Laurie Lawler is currently a Managing Director at Société Générale acting as Head of Capital Call Financing and additionally contributes to Credit & Structured Finance Origination in the US. In her current role, Laurie focuses on the origination of transactions across SG’s credit & structured finance product offerings in addition to running a subscription finance practice servicing SG’s Financial Sponsor, Asset Manager and Insurance Company client base. She joined SG in October 2018 from HSBC where she held various positions from 2006 through 2018, including Head of US Conduit Financing, Head of US Capital Call Financing and most recently was the Head of Structured Finance in the Americas. Laurie has over 20 years of experience in the origination, structuring and execution of structured financings ranging from traditional conduit securitizations to more esoteric fund financing transactions. Prior to joining HSBC, she spent five years within Citi’s Global Securitized Markets division executing conduit securitization transactions. Laurie graduated from Iona College in 2001 with a Bachelor of Arts degree in Mathematics and was a Division I college athlete.

Track 1: The New Normal: Fund Finance Market Trends in 2024

2:40 PM - 3:30 PM

Kelly is a Senior Vice President and Senior Relationship Manager responsible for driving new client acquisition in New York and other centers of capital and managing a portfolio of Private Equity Fund Banking clients. Kelly brings over 19 years of Commercial banking experience most recently with Bank of America’s Global Commercial Bank, Wells Fargo, and JPMorgan Chase. Kelly graduated Summa Cum Laude with a M.S. in Real Estate from NYU and has a B.S. in Business Administration from The Eller College of Management at The University of Arizona. Kelly resides in Manhattan with her husband, Christian, and two sons, Connor ( 3 years ) and Colton ( 6 months ).

Track 1: NAV Financing: The Path Forward Under Investor and Regulatory Scrutiny

3:45 PM - 4:35 PM

Patrick Calves is a partner in the firm’s Finance Group. He counsels clients on a variety of on bilateral and syndicated financing structures, including term loans, liquidity lines, NAV facilities, subscription facilities, hybrid facilities, margin loans and repurchase, securities lending and prime brokerage facilities.  Patrick’s practice includes work on structures involving a variety of non-standard collateral, such as hedge fund interests, private equity fund interests, capital contribution obligations and restricted stock positions.

Patrick also counsels both financial institutions and “buy-side” market participants on a variety of regulatory and compliance issues relating to securities and derivatives trading. This includes, inter alia, advice as to numerous aspects of swap regulatory issues arising under Title VII of the Dodd-Frank Act. Patrick also has substantial experience in the structuring and trading of complex derivatives and structured financial products as well as drafting and negotiating trading and collateral documentation for both buy-side and sell-side clients, including prime brokerage agreements, ISDA Master Agreements, Credit Support Annexes and various other industry standard agreements. Patrick was  included in the 2024 edition of the Best Lawyers: Ones to Watch in America for his work in Securities Regulation. In 2023 and 2024, he was named to the Lawdragon “500 X – The Next Generation” list.

He earned his B.A. from Muhlenberg College and his J.D. from Columbia Law School.  Patrick is admitted to practice in the State of New York.

Track 1: NAV Financing: The Path Forward Under Investor and Regulatory Scrutiny

3:45 PM - 4:35 PM

Ginny is a Managing Director on the Portfolio Finance team. Ginny is responsible for building strategic partnerships with alternative asset managers globally and originated private investment grade portfolio financing opportunities. Prior to her role at Barings, Ginny joined MassMutual in 2021 and held a similar role. She also held positions at Plexus Capital, a lower middle market junior capital fund, Piedmont Investment Advisors, BMO Capital Markets, and ING Clarion Capital. Ginny holds a M.B.A. from Georgia State University, a M.A. in International Business from IAE France, and a B.S. in Business Economics from Brown University.

Track 1: NAV Financing: The Path Forward Under Investor and Regulatory Scrutiny

3:45 PM - 4:35 PM

Mr. Derek Dillon joined Apollo in 2021 and is a Managing Director in the Capital Solutions Group and is focused on equity and equity-related products. He also oversees the origination and syndication functions for Apollo’s fund finance business.  

Prior to joining Apollo, Mr. Dillon served in a variety of capital markets capacities including overseeing ECM at Mizuho Securities USA and Banc of America Securities. Mr. Dillon graduated from Princeton University with a BA in American history. 

Track 1: NAV Financing: The Path Forward Under Investor and Regulatory Scrutiny

3:45 PM - 4:35 PM

Mr. Landsberg is a Director on the Fund Finance Structuring team, where he is based in New York. He focuses on originating and structuring financing transactions across private equity, hedge funds and alternative asset portfolios. Prior to joining Barclays in 2010, Mr. Landsberg worked at Citigroup focused on fund derivatives, at Schonfeld Strategic Advisors as an equities trader and at Cambridge Associates as a private equity analyst. Mr. Landsberg holds a B.S. from Boston University Questrom School of Business in Finance and is a CFA Charterholder.

Track 1: NAV Financing: The Path Forward Under Investor and Regulatory Scrutiny

3:45 PM - 4:35 PM

John Sciales is a Vice President in Evercore’s Private Capital Advisory group. He specializes in structured fund finance origination, advisory and distribution, including across NAV lending, rated note feeders, and collateralized fund obligations. 

Prior to joining Evercore, Mr. Sciales spent 6 years at UBS, where he helped develop the bank’s CFO and rated feeder advisory efforts and was most recently a Director in the Permanent Capital Solutions group. Since 2021, he has advised on over $5bn of structured fund finance issuances. 

Mr. Sciales holds a B.A. in Economics and History from Williams College. 

Track 1: NAIC Current Updates and Hot Topics

4:40 PM - 5:30 PM

Gregg Jubin is a partner in the Capital Markets Group, Managing Partner of the Washington, D.C., office and a member of the firm’s Management Committee. He practices in both Washington and New York. Gregg has 29 years of experience in corporate and finance transactions, with particular emphasis in transactions involving hedge funds and private equity fund of funds, structured funds, collateralized loan obligations, collateralized fund obligations, derivatives, synthetic structured products, and other types of structured products. Gregg represents the managers of hedge funds and private equity fund of funds, collateral managers, investment banking firms, commercial banks, broker dealers, and other financial institutions.

Gregg's practice involves structuring and organizing onshore and offshore hedge funds (including commodity pools, fund of funds, and master/feeder funds), private equity fund of funds and other investment vehicles, developing, negotiating and documenting a wide variety of financial products, and providing advice to clients with respect to compliance with the Commodity Exchange Act, the Investment Company Act, the Investment Advisers Act, the Securities Act of 1933, and other federal and state securities and commodities laws and regulations. Gregg is recognized as a leading lawyer in securitization by Chambers USA and Chambers Global. 

Gregg co-led the Cadwalader team in connection with its representation of Morgan Stanley & Co. LLC in the BlackRock DLF-VIII-L CLO Trust transaction, which was recognized in 2022 by GlobalCapital as “Middle Market CLO Deal of the Year” in its annual U.S. Securitization awards. 

He received his J.D., magna cum laude, from Syracuse University College of Law, where he was a member of the Law Review and Moot Court Board.

Track 1: NAIC Current Updates and Hot Topics

4:40 PM - 5:30 PM

Angie Batterson has represented insurance companies in over 150 transactions in the past five years involving NAV, GP commitment solutions, rated feeder funds, secondaries funds, liquidity facilities, private capital back leverage and other private equity bespoke credit solutions.

This practice focus is the latest in Angie's diverse array of experience advising clients in complex leveraged financing transactions across a broad spectrum of industries, including health care, telecommunications, media, manufacturing and energy, for over 20 years. She represents financial institutions, sponsors, issuers and mezzanine providers in private debt financings, including in connection with secured and unsecured senior credit facilities, first lien/second lien credit facilities, unitranche facilities and mezzanine financings. Angie also advises on intercreditor agreements and distressed debt financings, including debtor-in-possession (DIP) financings, fund-to-fund loans and senior housing loans.

She is a frequent speaker and has recently covered topics as NAV facilities, unitranche, agreements among lenders in workouts, and the practical impact on recent revisions to Section 956 of the Internal Revenue Code. Angie is the past chair of the State Bar of Georgia UCC Committee and has extensive experience in all areas of asset-based lending, with respect to both domestic and cross-border transactions. She is also very active in women's initiatives within the New York finance community.

Angie has been included in The Best Lawyers in America since 2020 for Banking and Finance Law in New York.

Track 1: NAIC Current Updates and Hot Topics

4:40 PM - 5:30 PM

Mr. Titolo is a Managing Director and serves as Head of Insurance Solutions at Hunter Point Capital.

Prior to joining HPC, Mr. Titolo was a Managing Director and Head of Direct Private Investments at MassMutual Life Insurance Company, where he founded and led the company’s Direct Private Investments business, now known as Barings Portfolio Finance. Growing the business to $26 billion AUM, he led a 30 person global team that originated capital-efficient, investment-grade portfolio loans and minority GP equity investments for the MassMutual general account. Prior to joining MassMutual, Mr. Titolo held alternative investment roles at Hartford Investment Management, Credit Suisse, and United Technologies corporate pension.

Mr. Titolo earned his B.S. from Boston College and his J.D. and M.B.A. from the University of Connecticut. He is also a C.F.A. charterholder.

Track 1: NAIC Current Updates and Hot Topics

4:40 PM - 5:30 PM

Michael is the US Head of Insurance Solutions and responsible for cross-asset coverage across Fixed Income for the insurance and asset management industries as well as building out the newly created private debt/credit and financing businesses at Morgan Stanley. He joined Morgan Stanley in 2016, but is an industry veteran with nearly 30 years of experience in derivative and structured transactions with an emphasis on working with insurance companies and financial institutions on both the asset and liability side across all fixed income products.  

Prior to joining Morgan Stanley, Michael Vasseghi was a Managing Director and the U.S. Head of Macro Structuring for Fixed Income Currencies & Commodities (FICC) Division at UBS. In addition, he was responsible for funding/financing transactions within FICC and cross-correlation (hybrids) risks/products. The Macro team works on various transactions across these products lines as well as transactions dealing with tax, accounting and regulatory requirements. He has an extensive background and relationships with Financial Institutions, in particular, the U.S Life and P&C insurance community.  

Michael joined UBS after spending over 15 years at Merrill Lynch running a number of different groups. In his last role at Merrill Lynch, Michael was a Managing Director, responsible for 2 businesses, US Head of FICC structuring and U.S. Head of the U.S. Strategic Solutions Group. Previous to these roles, Michael has built and run other business including FIG Solutions, Insurance Solutions, Pensions, Repacks, and Property Derivatives.  

Track 1: Welcome Remarks and Keynote Address

12:30 PM - 1:30 PM

Patrick Quinn is Managing Partner of Cadwalader, responsible for both driving the strategic growth and direction of the firm as well as managing operations globally.

Working with senior management, Pat oversees the development of Cadwalader’s client relationships and capabilities in key markets, and the firm's continued commitment to the highest levels of client service and attorney excellence. A 30-year veteran of Cadwalader, Pat has been integrally involved in the evolution of the firm into its position today as a trusted advisor helping clients solve the complex legal and business challenges posed by today’s global marketplace. Cadwalader also has a longstanding dedication to serving the public interest, and Pat is responsible for ensuring the firm’s robust pro bono efforts. Pat joined the firm in 1988, has been on the Management Committee since 2006 and is a member of the Hiring Committee. He was named Managing Partner in January 2015.

Additionally, Pat is focused on fostering the development of the firm’s future leaders through professional development and recruitment. He is dedicated to Cadwalader’s diversity efforts, serving as chair of the Global Diversity Committee and as an active participant in the firm’s various affinity groups and inclusion initiatives. Diversity Journal recently recognized Pat and Cadwalader among its 2019 Diversity Leader Award winners.

Pat is a respected corporate and securities lawyer who has practiced primarily in the area of mortgage and asset securitization and finance, representing issuers, underwriters, and investors in both public and private securities and financing transactions. He has broad experience in structuring and restructuring public and private residential and commercial mortgage securitization transactions. His clients include lenders in acquiring, financing and restructuring real estate B notes, mezzanine loans and preferred equity positions. He also has advised clients in the acquisition, disposition and financing of structured real estate debt instruments.

Pat has been recognized in The Best Lawyers in America, Chambers USA: America's Leading Lawyers, Legal 500, IFLR 1000 and New York Super Lawyers., and was recently named by Lawdragon as one of the “500 Leading Lawyers in America” for 2019. He is a graduate of the University of Virginia School of Law and received his B.A. from Fordham University.

Track 1: Welcome Remarks and Keynote Address

12:30 PM - 1:30 PM

Track 2: Commercial Real Estate Market Update

1:45 PM - 2:35 PM

Bonnie Neuman is co-chair of Cadwalader’s Finance Group, head of the firm’s Real Estate Finance practice and a member of the firm’s Management Committee. She represents global investment banks, national and international financial institutions, investors and servicers in domestic and cross-border transactions, including the origination of mortgage and mezzanine loans, syndication, loan servicing, non-performing loan securitizations, loan restructuring and bankruptcy-related matters.

Bonnie was recognized as a 2023 “Real Estate MVP” by Law360, which previously named her a 2022 “Hospitality MVP” and a three-time “Real Estate Rising Star,” and is recognized as a leading real estate finance lawyer with “impressive experience in sophisticated real estate finance matters” by Chambers USA, with one source describing her as the “foremost expert lenders’ counsel” and as “incredibly commercial and creative.”  Bonnie has also been recognized as a leading real estate lawyer by Legal 500 U.S., The Best Lawyers in America, GlobeSt. Real Estate Forum, Lawdragon, Legal Media Group and Connect CRE.  She was also named among the 2024 “Notable Leaders in Real Estate” by Crain’s New York Business, and was previously honored in 2022 as one of Crain’s New York’s “Notable Women in Law” and “Notable Diverse Leaders in Law.” Bonnie has also served on Law360’s Real Estate Authority Editorial Advisory Board since 2023.

Bonnie’s experience includes the financing of a wide range of commercial properties, including hotels, commercial office buildings, shopping centers and recreational facilities ranging from single, trophy assets to multi-family assets, multi-use projects, and whole-company transactions, as well as transitional properties and development projects. In addition, she has experience in the drafting and negotiating of intercreditor arrangements and secondary market sales of mortgage and mezzanine loans.

Bonnie is a member of the CREFC Women’s Network and serves as the Co-Chair of the Membership Committee. Bonnie is also a member of Cadwalader’s Women’s Leadership Initiative, serves as a Partner Mentor for summer associates, is involved in the firm’s on- and off-campus recruiting efforts, and is a member of the firm’s hiring committee.

Bonnie received her J.D., cum laude, from Fordham University School of Law, where she was a notes and articles editor of the Fordham Urban Law Journal, and her B.S., magna cum laude, from Boston University. Bonnie is admitted to practice in the State of New York.

Track 2: Commercial Real Estate Market Update

1:45 PM - 2:35 PM

Kwasi Benneh is a Managing Director in the Securitized Products Group in Fixed Income at Morgan Stanley.  Kwasi joined the Firm in 2005 as an Associate in the Commercial Real Estate Lending group based in New York.  

He currently runs North America Commercial Real Estate Lending with previous roles in origination and distribution of private market debt.  He was named Vice President in 2008, Executive Director in 2012 and Managing Director in 2016.  

Previously, Kwasi worked in the Investment Banking Division of Citigroup as an Analyst.  

Kwasi earned a Bachelor’s degree from Vassar College and an MBA from the Stanford Graduate School of Business in 2005.

Track 2: Commercial Real Estate Market Update

1:45 PM - 2:35 PM

David Bouton is a Managing Director and co-head of Citigroup’s North America Real Estate Securitization & Financing Group, the commercial real estate and corporate finance arm of Citigroup’s Corporate and Investment Bank.  Mr. Bouton has over 20 years of Real Estate Finance and Capital Markets experience at Citigroup. Mr. Bouton’s focus is on providing financing solutions to the Firm’s real estate clients including, the office, retail, lodging, industrial, multifamily, healthcare and datacenter sectors. Mr. Bouton’s responsibilities include managing the origination, structuring, arrangement, syndication and securitization of a wide variety of financing products including M&A, LBO and IPO related financing, CMBS financing, warehouse & repo, and corporate and property-level fixed and floating rate financing. 

Track 2: Commercial Real Estate Market Update

1:45 PM – 2:20 PM

Zachary Cohn is a Managing Director in Brookfield’s Real Estate Group. In this role, he leads capital markets activities throughout the U.S. Previously, he held various roles within the Real Estate Group, including sourcing, underwriting, structuring and execution of debt investments.

Prior to joining Brookfield in 2016, he worked at Citi, where he was responsible for the underwriting, origination and structuring of commercial real estate debt investments.

Mr. Cohn holds a Bachelor of Business Administration degree from the University of Southern California.

Track 2: Commercial Real Estate Market Update

1:45 PM – 2:35 PM

Track 2: Bridge Over Troubled Water: Today’s CRE Bridge Lending And The Financing That Makes It Possible

2:40 PM – 3:30 PM

Stuart Goldstein is the Managing Partner of Cadwalader’s Charlotte office, co-chair of the firm’s Capital Markets Group and a member of the firm’s Management Committee. 

Stuart concentrates his practice on structured finance, primarily commercial mortgage-backed and CRE CLO securitization transactions, structured mortgage loan participations and warehouse lending, as well as advising servicers and lenders in the workout and restructuring of securitized and other financial assets. In addition, Stuart has broad experience representing issuers and underwriters in both public and private offerings of RMBS, corporate CLOs and other structured finance products including synthetic securitizations, credit-linked notes, credit default swaps (including tranched portfolio CDS), derivative product companies (DPCs) and other credit-risk transfer (CRT) products.

He also represents clients in the purchase and sale of commercial and multifamily mortgage loans, mezzanine debt, subordinate debt, and residential first and second mortgage loans (including FHA, VA, conventional, and manufactured housing) in whole loan and participation structures. In addition, he has extensive experience in secured lending and represents lenders in structuring and negotiating finance facilities.

Stuart was named a BTI Consulting Group Client Services All-Star, an honor recognizing lawyers who “deliver outstanding legal skills enveloped in a rare combination of practical business knowledge, extraordinary attention to client needs and noteworthy responsiveness,” and who “instill a confidence and trust reserved only for the most valued and strategic business partners.” One of only 176 attorneys in the nation recognized by BTI, Stuart was also designated an “MVP” for being among only 28 lawyers named for at least two consecutive years. Nominations for inclusion on the BTI list are made by clients. Stuart was named Lawyer of the Year in Securitization and Structured Finance by Best Lawyers in America, and is regularly recognized in Chambers USA, Who’s Who in America, Who’s Who in the East, Legal 500, IFLR 1000 and Who’s Who in American Law.

Stuart received the 2019 Alzheimer's Association Award of Excellence for his ongoing support of the organization’s Western Carolina Chapter. He has been involved with the Alzheimer's Association for nearly 10 years, serving in a number of leadership roles, including Vice Chairman of the Board of Directors. Stuart has also served on boards and in leadership roles with several other community organizations, including Misty Meadows Mitey Riders, the Jewish Community Center of Greater Charlotte and The Charlotte Dance Theater.​

Stuart received a B.S. from Cornell University and his J.D. from Boalt Hall School of Law at the University of California at Berkeley. He is admitted to practice in the states of New York and California, and is a member of the American Bar Association and the New York State Bar Association. 

Track 2: Bridge Over Troubled Water: Today’s CRE Bridge Lending And The Financing That Makes It Possible

2:40 PM – 3:30 PM

Melissa Band is a Managing Director on the Capital Markets team. She is responsible for the strategic capital markets and structured finance needs of Värde’s real estate investments, in addition to relationship management of key accounts. Based in New York, she joined the firm in 2019.

Prior to joining Värde, Melissa was a Vice President in the CRE Capital Markets & Finance group at Wells Fargo Securities where she focused on securitization execution and capital markets analysis across CRE CLOs, Conduit, Agency and other CRE-backed capital markets transactions. Prior to her time at Wells Fargo, Melissa spent time working at Ernst & Young, focused on CMBS and other fixed income products as part of the Structured Products Advisory group.

Melissa graduated summa cum laude as the class valedictorian with a B.S. in Finance and minor in Economics from James Madison University.

Track 2: Bridge Over Troubled Water: Today’s CRE Bridge Lending And The Financing That Makes It Possible

2:40 PM – 3:30 PM

Thomas Cassino is a managing director in JPMorgan’s investment banking unit. He is responsible for managing the firm’s repo desk for commercial real estate loans. He sits on the firm’s credit committee for the CMBS and balance sheet/special situation CRE lending businesses. He joined JPMorgan in 2010. 

Track 2: Bridge Over Troubled Water: Today’s CRE Bridge Lending And The Financing That Makes It Possible

2:40 PM – 3:30 PM

Track 2: Bridge Over Troubled Water: Today’s CRE Bridge Lending And The Financing That Makes It Possible

2:40 PM – 3:30 PM

Three-time commercial real estate debt platform founder/co-founder

·         Deutsche Bank 1996-2010,

·         Providence Equity/BSP 2012-2017

·         Limekiln Real Estate/MF1 2017-present

Five-time basketball champion

·         Suburban One-American Conference 1986

·         Penn Men’s Open Intramural League 1990+1991

·         NYC Basketball City 2013+2014

Two-time winner of a J. Wood Platt Golf Caddie Scholarship

One-time short seller of ABX.HE.06 (aka The Big Short)

Undergrad:           Wharton/Penn 

MBA:                     Kellogg/Northwestern (with distinction)
Favorite movie:     Fletch

Phillies>Yankees>Mets 
Eagles>Giants

Member:                NMHC, CREFC

                              Freddie Mac Multifamily Capital Markets Advisory Council

Track 2: CMBS Market Insights: A Look at What's Ahead

3:45 PM – 4:35 PM

Lisa Pauquette's practice involves the representation of banks, investment banks and other financial institutions in commercial mortgage loan securitization and a variety of mortgage banking and financing transactions.

Lisa has diverse experience in securitization matters having represented major Wall Street investment banks and financial institutions in their roles as underwriters, placement agents, issuers, and mortgage loan sellers of public and private securitization transactions involving commercial and residential mortgage loans. In addition, Lisa represents clients in the purchase and sale of mortgage loans, mezzanine debt, and subordinate debt.

Lisa represented clients on transactions that helped revive the CMBS market after the Global Financial Crisis, including: the Developers Diversified Realty CMBS deal, which was the only CMBS deal made eligible for financing under the Federal Reserve Bank of New York's Term Asset-Backed Securities Loan Facility and the novel One Bryant Park single property securitization, involving a tranche of CMBS debt and multiple tranches of tax-exempt bonds.

Her client representations have also included the purchase and sale of residential first- and second-mortgage loans (including FHA, VA, conventional and reverse mortgage loans) and commercial and multifamily mortgage loans, as well as structuring and negotiating warehouse lines and repurchase agreements for commercial mortgage loans, mortgage assets and CMBS and RMBS securities.

Lisa is an active member of CRE Finance Council (CREFC), the leading trade association for the $4.4 trillion commercial real estate finance industry, and serves on its Board of Governors. She is also a member of the advisory board of the CREFC Women’s Network.

Lisa was recognized in the 2023 and 2024 edition of Chambers USA, 2024 edition of Chambers Global, and the 2023 and 2024 edition of The Best Lawyers in America for Securitization and Structured Finance Law. Lisa was recognized by Crain’s New York Business as part of its 2021 “Notable Women in Law” list.

Lisa graduated from Middlebury College with a B.A., and she received her J.D. from Boston University School of Law. She is admitted to practice law in the State of New York.

Track 2: CMBS Market Insights: A Look at What's Ahead

3:45 PM – 4:35 PM

Leland is a Managing Director in Bank of America’s Real Estate Structured Finance group and overseas securitization, pricing, distribution, structuring and warehouse lending.  Prior to BofA, he was head of European CMBS at UBS.  Mr. Bunch started his Wall Street career at JPMorgan.

Track 2: CMBS Market Insights: A Look at What's Ahead

3:45 PM – 4:35 PM

Lisa Szpytko is a Managing Director in the real estate capital markets group at Blackstone, focusing on financing strategies across Blackstone’s real estate funds, investments, and portfolio companies in the Americas. Ms. Szpytko has been with the firm since 2018 holding positions in London and now Toronto. Prior to joining Blackstone, Ms. Szpytko worked at Deutsche Bank on the commercial real estate lending team in London.

Ms. Szpytko received a BS in Management Engineering from the University of Waterloo. 

Track 2: CMBS Market Insights: A Look at What's Ahead

3:45 PM – 4:35 PM

Rene Theriault joined KKR in 2018 and is a Managing Director & Head of Securities Investing within KKR’s Real Estate Credit platform.  Mr. Theriault’s investing focus includes investment grade, deep credit and risk retention securities on Conduit and Single Asset Single Borrower securitizations, as well as CLOs, syndicated whole loans, mezzanine loans and B-notes.  Prior to joining KKR, Mr. Theriault was a managing director and head of large loans at Goldman Sachs within the Real Estate Financing Group. In his twelve years at Goldman Sachs, his responsibilities included originating and structuring large complex mortgage and mezzanine financings for both balance sheet and CMBS executions and he played a major role in rebuilding and leading the group after the Great Financial Crisis. Before joining Goldman Sachs in 2006, Mr. Theriault was an associate at Sullivan & Cromwell, where he worked on sophisticated real estate and corporate transactions, including real estate acquisitions and dispositions, mortgage and mezzanine financings, sale-leaseback transactions, and a REIT IPO and NYSE listing.  Mr. Theriault is active within the CRE finance industry and has previously served on CREFC’s Board of Governors, as well as serving as Chair of the Issuer’s Forum and as Chair of the B-Piece Buyer’s Forum. 

Mr. Theriault earned a B.A. in Economics with Highest Distinction from the University of Virginia in 1999 and a J.D. cum laude from Harvard Law School in 2002.

Track 2: CMBS Market Insights: A Look at What's Ahead

3:45 PM – 4:35 PM

Paul Vanderslice is head of the CMBS Origination Group at BMO Capital Markets having started in November 2020. Paul previously co-ran the CMBS Group at Citi where he worked for over 30 years and He was also the CEO of CCRE’s CMBS group which became a Top 10 Issuer of CMBS under his leadership.

As part of the Securitized Products group at BMO, Paul runs BMO the loan origination and securitization efforts for Conduit, SASB and Agency CMBS transactions.

Paul is active in CREFC, the industry’s most visible trade association; having served as its President in 2012/2013. He is also a member of The Rea Estate Roundtable

Paul has an undergraduate degree from Boston College and an MBA in Finance and Management from The Wharton School at the University of Pennsylvania.

Track 2: Loan Sales, Distress and Workouts

4:40 PM – 5:30 PM

Chris Dickson’s practice is focused on commercial real estate finance. Chris represents financial institutions in connection with the origination, sale, and servicing of loans secured (directly or indirectly) by commercial office buildings, retail properties, hotels, logistics facilities, self-storage properties and multifamily housing, including many multi-state, multi-property pooled transactions.

Chris is a member of the Firm Committee and a mentor in the firm’s mentor/mentee program.

In 2022, Chris was named a “Real Estate Rising Star” by Law360 on its annual list of top attorneys under 40 years of age. In 2021, Connect CRE named Chris among the Top 10 commercial real estate lawyers in the U.S. Southeast region.

He received his undergraduate degree, magna cum laude with honors and Phi Beta Kappa, from the University of South Carolina, and his J.D. from the New York University School of Law, where he was an editor of the Journal of Legislation and Public Policy. Chris is admitted to practice in the State of North Carolina. 

Track 2: Loan Sales, Distress and Workouts

4:40 PM – 5:30 PM

Adam Behlman is President of Starwood Property Trust’s Real Estate Investing & Servicing segment as well as President of Starwood Mortgage Capital. In this role, Mr. Behlman is responsible for overseeing Starwood Property Trust’s commercial mortgage-backed securities, its conduit lending and subsequent securitization activities and its real estate investment platform, as well as leading the company’s wholly owned special servicer, LNR Partners. He previously served as Head of Capital Markets and Chief Risk Officer for LNR.

Prior to joining LNR in 2011, Mr. Behlman served as Head of the Real Estate Finance and CMBS division of UBS. In this role, he was responsible for managing and trading UBS’ legacy CMBS and commercial real estate loan book, while also helping return UBS to the origination, trading and underwriting business. Mr. Behlman previously held a variety of capital markets and real estate roles with firms including Deutsche Bank, Prudential Securities and Deloitte.

After serving on the Board for the past 5 years, Adam was the President and Chairman of the Commercial Real Estate Finance Council (CREFC) during the 2020-2021 board of directors term, which is the leading trade organization for the commercial real estate finance industry, with over 11,000 members. He is currently serving as the Past Chairman and chairs the compensation and nomination committee’s as well as co-chairs the DEI HBCU and Education sub-committee

Mr. Behlman holds a B.A. degree from Queens College, CUNY, in both accounting and information systems and economics.

Track 2: Loan Sales, Distress and Workouts

4:40 PM – 5:30 PM

Michael Criscito has more than 30 years of experience in international banking with a focus on real estate in distress and restructuring. As an expert in restructuring, Mr. Criscito has worked with a range of creditor classes across a variety of international industries.

Mr. Criscito's experience also includes engagements on the principal side for distressed real estate assets. A capable leader representing both creditors and principals through the restructuring process, Mr. Criscito has a long history of developing innovative solutions to maximize recovery and minimize loss for his clients.

Prior to joining FTI Consulting, Mr. Criscito was a senior managing director and co-leader of the Real Estate Advisory Group at Ankura Consulting Group, LLC. Previously, he was the global head of workouts at Credit Suisse for more than two decades, managing an international staff of restructuring professionals located in New York, London, Brazil, Singapore and Hong Kong.

Credit Suisse’s global portfolio, which exceeded $6 billion, was primarily composed of commercial real estate loans and assets, impaired or stressed corporate and leveraged loans, derivatives and structured products. In this role, Mr. Criscito provided senior level guidance and direction on strategic matters, client and investor relationships, valuation, debtor-in-possession structuring and fees, problem loan management framework and talent development.

During his career at Credit Suisse, Mr. Criscito successfully restructured, owned, operated and disposed of a multi-billion real estate portfolio across various asset classes including land, multi-family, residential, golf, office, hotel and entertainment. He has also held positions at HSBC Markets; Bear, Stearns & Co.; McDonald & Company Securities, Inc., and Paine Webber Incorporated.

Track 2: Loan Sales, Distress and Workouts

4:40 PM – 5:30 PM

Matthew Klein is a Director of CrossHarbor Capital Partners LLC responsible for sourcing and structuring debt investment opportunities for the firm’s debt funds. Prior to joining CrossHarbor, Mr. Klein was an Assistant Vice President with AEW Capital Management in the firm’s Acquisition and Capital Markets groups.  While with AEW, Matthew was responsible for sourcing and underwriting debt and equity investment opportunities including more than $650 million of debt investments secured by assets nationwide.  Mr. Klein began his career at Prudential Mortgage Capital Company where he was responsible for sourcing, underwriting and closing nearly $3 billion in commercial mortgages throughout the Mid-Atlantic region.

Mr. Klein received a Bachelor of Science degree in Hospitality Administration from Cornell University and a Master of Business Administration from the Kellogg School of Management.  Mr. Klein is also a CFA Charterholder.

Track 2: Loan Sales, Distress and Workouts

4:40 PM – 5:30 PM

Charles Manna is Managing Director – Large Loans, in the Real Estate Structured Finance business at Bank of America in New York. He is responsible for the origination and structuring of large CRE loans for Single Asset CMBS, Conduit and balance sheet/syndicated distribution as well coverage of many of BofA’s largest CRE relationships. Prior to Bank of America, Mr. Manna was a Managing Director in Large Loans at Lehman Brothers, as well as Managing Partner at G2 Investment Group, focused on capital and restructuring advisory. Charles is a graduate of Brooklyn Law School.

Track 1: Welcome Remarks and Keynote Address

12:30 PM - 1:30 PM

Patrick Quinn is Managing Partner of Cadwalader, responsible for both driving the strategic growth and direction of the firm as well as managing operations globally.

Working with senior management, Pat oversees the development of Cadwalader’s client relationships and capabilities in key markets, and the firm's continued commitment to the highest levels of client service and attorney excellence. A 30-year veteran of Cadwalader, Pat has been integrally involved in the evolution of the firm into its position today as a trusted advisor helping clients solve the complex legal and business challenges posed by today’s global marketplace. Cadwalader also has a longstanding dedication to serving the public interest, and Pat is responsible for ensuring the firm’s robust pro bono efforts. Pat joined the firm in 1988, has been on the Management Committee since 2006 and is a member of the Hiring Committee. He was named Managing Partner in January 2015.

Additionally, Pat is focused on fostering the development of the firm’s future leaders through professional development and recruitment. He is dedicated to Cadwalader’s diversity efforts, serving as chair of the Global Diversity Committee and as an active participant in the firm’s various affinity groups and inclusion initiatives. Diversity Journal recently recognized Pat and Cadwalader among its 2019 Diversity Leader Award winners.

Pat is a respected corporate and securities lawyer who has practiced primarily in the area of mortgage and asset securitization and finance, representing issuers, underwriters, and investors in both public and private securities and financing transactions. He has broad experience in structuring and restructuring public and private residential and commercial mortgage securitization transactions. His clients include lenders in acquiring, financing and restructuring real estate B notes, mezzanine loans and preferred equity positions. He also has advised clients in the acquisition, disposition and financing of structured real estate debt instruments.

Pat has been recognized in The Best Lawyers in America, Chambers USA: America's Leading Lawyers, Legal 500, IFLR 1000 and New York Super Lawyers., and was recently named by Lawdragon as one of the “500 Leading Lawyers in America” for 2019. He is a graduate of the University of Virginia School of Law and received his B.A. from Fordham University.

Track 1: Welcome Remarks and Keynote Address

12:30 PM - 1:30 PM

Track 3: Deep Dive on Liability Management Transactions

1:45 PM – 2:35 PM

Jared Zajac is a partner in Cadwalader’s Finance practice resident in the Charlotte office. Jared is active in Cadwalader’s leveraged lending, alternative capital, and financial restructuring practices, where he brings a unique blend of traditional finance and restructuring experience to advance and protect the interests of clients.

Jared represents financial institutions, investment funds, lenders, and borrowers in leveraged finance, acquisition financings, first and second lien financings, syndicated credit facilities, and debtor-in-possession financings. Jared's restructuring experience includes representing secured creditors, DIP lenders, and acquirers of distressed businesses.

Track 3: Deep Dive on Liability Management Transactions

1:45 PM – 2:35 PM

Track 3: Deep Dive on Liability Management Transactions

1:45 PM – 2:35 PM

Track 3: Perspectives on Distress From Sponsors, Borrowers and Lenders

2:40 PM – 3:30 PM

Ron Lovelace focuses on leveraged finance and other debt financings. A partner in our Finance practice and Head of Leveraged Finance, Ron represents financial institutions, lenders, investors and borrowers in a variety of transactions.

Ron advises banks, arrangers and other institutions in leveraged finance and debt financings. He has particular experience with negotiating asset-based, acquisition and working capital financing in the retail, media, defense, telecommunications, professional sports and energy industries. He is also experienced in restructuring distressed credits.

Ron was named to the 2024 Lawdragon 500 Leading Dealmakers in America, and has been recognized in the 2024 edition of Chambers USA for Banking and Finance.

Track 3: Perspectives on Distress From Sponsors, Borrowers and Lenders

2:40 PM – 3:30 PM

Track 3: Emerging Trends In Private Credit

3:45 PM – 4:35 PM

Nathan Spanheimer is a partner in the firm's Capital Markets Group.  He represents investment banks and other institutional lenders and underwriters in secured commercial lending transactions (both syndicated and bilateral) and CLOs.  Nathan has also represented both borrowers and lenders in leveraged finance credit facilities, bankruptcy exit facilities and hedge fund financings. 

Nathan’s significant transactions include: 

§  Representing a leading investment bank as underwriter’s and issuer’s counsel in a CLO where the entire senior tranche was structured as a convertible loan.

§  Representing a leading investment bank as underwriter’s and issuer’s counsel in a CLO using an off-shore issuer taxable as a U.S. partnership and a secondary off-shore issuer as a tax blocker for the remainder of the equity tranche.

§  Representing a leading investment bank in a multi-currency loan facility secured by multinational debt. 

§  Representing a leading investment bank as lender’s counsel in a multi-tranche loan facility secured by middle-market corporate debt.

§  Representing a leading investment bank as lender’s counsel to provide financing for a start-up student loan lending platform.

He received his J.D., with distinction, from The University of Iowa College of Law, and his B.S. in Economics from Duke University. Nathan is admitted to the North Carolina Bar.

Track 3: Emerging Trends In Private Credit

3:45 PM – 4:35 PM

Kristine Jurczyk joined Vista Equity Partners in 2013 as a co-founder of Vista Credit Partners. She assists with managing the firm’s credit platform, raising and structuring the funds’ liabilities and other structured products and is a voting member of the VCP Investment Committee.

Prior to joining Vista, Ms. Jurczyk served as a Team Leader at Antares Capital (Antares), the former middle-market sponsor finance platform of GE Capital, and was previously at Merrill Lynch Capital prior to its acquisition by Antares. At Antares and Merrill Lynch Capital, she managed all facets of the deal process from origination, underwriting, and structuring, to portfolio management of credit facilities to sponsor-backed companies across a diverse set of industries. Before her time at Merrill Lynch Capital, Ms. Jurczyk worked at Arthur Andersen in the Transaction Advisory Group, performing accounting and financial due diligence analysis on behalf of private equity firms.

Education

B.A. in Accountancy from Gustavus Adolphus College

M.B.A. from the University of Chicago Booth School of Business

Track 3: Emerging Trends In Private Credit

3:45 PM – 4:35 PM

Matt Laurino is a Managing Director at Blue Owl and member of the Structured Products and Fund Finance Team.  In his role, Matt is a member of the Structured Products Team where he co-leads the team's capital markets effort and has a primary focus on securitized private credit formation and execution.  Based in New York, Matt spearheads the firm's Private Credit CLO business and has a key focus on structuring other structured credit transactions, including structured insurance solutions, warehouse lines, and other capital markets transactions.

Before joining Blue Owl in 2019, Matt was a Deputy Portfolio Manager and Structurer at UNTL Capital LLC, a macro product focused managed account fund.  Prior to that, he was an Associate At Bank of America Merrill Lynch in its Derivative Origination and Solutions Group.

Matt received a BA in Finance from Villanova University and MBA from Cornell University.

Track 3: Emerging Trends In Private Credit

3:45 PM – 4:35 PM

Ben joined Churchill in February 2022 as a Managing Director, Head of Fund Finance. With over $50 billion of committed capital, Churchill provides private capital solutions to middle market private equity firms and their U.S.-based portfolio companies across the capital structure. 

Ben is responsible for the development of the Firm’s leverage strategy as well as the sourcing, execution and monitoring of financing arrangements across the platform. Ben focuses on all forms of bilateral and syndicated lending facilities, as well as public and private debt solutions, including collateralized loan obligations (“CLOs”).

Previously, Ben worked as a director within Wells Fargo’s investment bank serving as a structured finance specialist. He was responsible for relationship origination and management, as well as leading the structuring and execution of CLO transactions and various types of lending facilities. He began his career in Wells Fargo’s sales and trading division, working as an analyst on a fixed income sales desk.

Ben graduated with a B.B.A from Roanoke College and received an M.B.A from Queens University of Charlotte. He is a CFA charterholder.

Track 3: Emerging Trends In Private Credit

3:45 PM – 4:35 PM

Track 3: Emerging Trends In Private Credit

3:45 PM – 4:35 PM

Mike Romanzo is a Managing Director and senior deal team leader within Wells Fargo’s Corporate Debt Finance team responsible for originating and managing financing to broadly syndicated loan managers and middle market loan originators globally.  He has 27 years of secured lending/asset-backed experience, the last 19 of which have been in the Structured Products Group.  Mr. Romanzo joined Wachovia Securities in 2000 in the Leveraged Finance group and worked at predecessor First Union National Bank since 1997. 

Mr. Romanzo’s asset experience includes:  SBA loans, mezzanine debt, conventional business loans, small and middle-market commercial loans (both senior and subordinated, US and non-US), asset-based loans, and broadly syndicated leverage loans and recurring revenue loans.  He also has significant workout experience through multiple credit cycles.  Mr. Romanzo is also a CFA charterholder.

Track 3: Capital Relief Trades for U.S. Banks: State of the Market

4:40 PM – 5:30 PM

Clients say “Jed Miller is very creative and value added to the process. Excellent commercial instincts. Client service is top tier” and “Extremely thoughtful, efficient and no topic is beyond [his] reach.” 

Law 360

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.

Track 3: Capital Relief Trades for U.S. Banks: State of the Market

4:40 PM – 5:30 PM

Stefanos Arethas is Head of Commercial Real Estate Origination at ATLAS SP. Stefanos is responsible for sourcing, underwriting and managing all commercial real estate debt transactions for Principal Lending, Warehouse Finance and Securitization/Syndication.Prior to joining ATLAS SP, Stefanos was Head of Commercial Real Estate Origination at Credit Suisse, which he joined in 2014. Before this, he was a lead ratings analyst in the Structured Finance Group at Moody’s Investors Services and worked in Commercial Real Estate Finance at Truist Bank.

Stefanos received his BS in Economics from the University of North Carolina at Charlotte and his Masters in Real Estate from Georgetown University. Stefanos has guest lectured on Real Estate Finance at Georgetown University, George Washington University and Columbia University. In addition, he serves on the Board of Governors for the Commercial Real Estate Finance Council (CREFC)

Track 3: Capital Relief Trades for U.S. Banks: State of the Market

4:40 PM – 5:30 PM

Brian Gilbert is the Corporate Treasurer for Pinnacle Bank.  In this role, Brian is responsible for managing interest rate risk, liquidity risk and capital risk for the institution.  Managing these risks include oversight over numerous financial models, including asset liability modeling, funds transfer pricing, liquidity stress testing, capital stress testing, non-maturity deposit modeling, asset prepayments and stochastic income simulation.  Brian oversees Pinnacle’s derivative, wholesale funding and debt portfolios and led Pinnacle’s execution of its first credit risk transfer trade in 2024.  Prior to being named Corporate Treasurer, Brian served in various roles for Pinnacle Bank since 2004, including Asset Liability Manager.  Prior to Pinnacle, Brian worked in public accounting for five years as a financial institution auditor. 

Brian was educated at Tennessee Tech University, graduating with a bachelor’s degree in accounting.  Brian is a Chartered Financial Analyst.  

Track 3: Capital Relief Trades for U.S. Banks: State of the Market

4:40 PM – 5:30 PM

Darren King is a Senior Vice President in the Capital Markets Group at Merchants Capital, a subsidiary of Merchants Bank of Indiana. He joined Merchants in 2022. In his role, Darren leads securitization activity for the bank, including CRT and Agency transactions backed by multifamily and healthcare commercial real estate debt. In addition, he works on Merchants’ 3rd party debt funds as part of the firm’s investment management business. Darren’s career spans over 20 years commercial real estate having previously held roles as a CMBS and CRE portfolio manager and credit specialist at hedge funds including Davidson Kempner, Semper Capital and Jerica Capital. He began his career and spent 10 years focused on CMBS trading and Capital Markets at sell-side investment banks. Darren is a graduate of the University of Virginia.

Track 3: Capital Relief Trades for U.S. Banks: State of the Market

4:40 PM – 5:30 PM

Derek is head of Real Assets and Esoterics within the Alternative Markets Group (AMG), which is responsible for servicing key Alternatives clients through financing, sourcing and solutions transactions in the private markets.  Prior to his current role, he was co-head of Credit Structuring in the Americas, where he led the execution of customized investing and hedging solutions for financial institution, hedge fund, and asset manager clients.  Derek joined Goldman Sachs in 2006 as an analyst and was named managing director in 2011.

Derek earned a BS in Business Administration, with a concentration in Finance, from Carnegie Mellon University.

Track 3: Capital Relief Trades for U.S. Banks: State of the Market

4:40 PM – 5:30 PM

Ms. McGinty is a Managing Director 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.

Track 1: Welcome Remarks and Keynote Address

12:30 PM - 1:30 PM

Patrick Quinn is Managing Partner of Cadwalader, responsible for both driving the strategic growth and direction of the firm as well as managing operations globally.

Working with senior management, Pat oversees the development of Cadwalader’s client relationships and capabilities in key markets, and the firm's continued commitment to the highest levels of client service and attorney excellence. A 30-year veteran of Cadwalader, Pat has been integrally involved in the evolution of the firm into its position today as a trusted advisor helping clients solve the complex legal and business challenges posed by today’s global marketplace. Cadwalader also has a longstanding dedication to serving the public interest, and Pat is responsible for ensuring the firm’s robust pro bono efforts. Pat joined the firm in 1988, has been on the Management Committee since 2006 and is a member of the Hiring Committee. He was named Managing Partner in January 2015.

Additionally, Pat is focused on fostering the development of the firm’s future leaders through professional development and recruitment. He is dedicated to Cadwalader’s diversity efforts, serving as chair of the Global Diversity Committee and as an active participant in the firm’s various affinity groups and inclusion initiatives. Diversity Journal recently recognized Pat and Cadwalader among its 2019 Diversity Leader Award winners.

Pat is a respected corporate and securities lawyer who has practiced primarily in the area of mortgage and asset securitization and finance, representing issuers, underwriters, and investors in both public and private securities and financing transactions. He has broad experience in structuring and restructuring public and private residential and commercial mortgage securitization transactions. His clients include lenders in acquiring, financing and restructuring real estate B notes, mezzanine loans and preferred equity positions. He also has advised clients in the acquisition, disposition and financing of structured real estate debt instruments.

Pat has been recognized in The Best Lawyers in America, Chambers USA: America's Leading Lawyers, Legal 500, IFLR 1000 and New York Super Lawyers., and was recently named by Lawdragon as one of the “500 Leading Lawyers in America” for 2019. He is a graduate of the University of Virginia School of Law and received his B.A. from Fordham University.

Track 1: Welcome Remarks and Keynote Address

12:30 PM - 1:30 PM

Track 4: Data Centers: Comparing ABS and CMBS Routes

1:45 PM – 2:35 PM

Ryan represents investors, asset managers, structuring agents, initial purchasers, placement agents, issuers, lenders, hedge providers, borrowers, private equity firms and other financial institutions in a variety of structured and asset backed financings.

Ryan focuses primarily on the esoteric ABS market, including significant transactions in each of the following asset classes: music royalties; digital infrastructure; whole business and other operating asset securitizations; tax liens; PACE bonds; timeshare ABS; agricultural loans; solar loans (including C&I solar); media and film royalty revenues; oil & gas royalties/receivables; payment processing; and wireless spectrum.

Other financing asset classes in which Ryan has recently been active include wireless towers, data centers, alarm and home security receivables, non-performing mortgage loans, fix-and-flip commercial mortgage loans, and venture-capital loans.

Ryan has also devoted significant energy to potential litigation and restructurings related to structured products (e.g., CMBS, CLOs) and adverse market developments in commercial real estate finance, including with respect to complex hedging and derivatives positions such as CMBX.

Ryan has served as an Adjunct Professor at Cornell Law School, where he co-taught and authored a seminar on Secured Transactions.

Track 4: Data Centers: Comparing ABS and CMBS Routes

1:45 PM – 2:35 PM

Track 4: Data Centers: Comparing ABS and CMBS Routes

1:45 PM – 2:35 PM

Fred Perreten is a Managing Director in the new issue CMBS Group at KBRA, where he oversees the rating process for all CMBS product types including conduits, single-asset single borrower, commercial real estate (CRE) collateralized loan obligations (CLO), and single-family rentals. He also collaborates on transactions that include a CRE component, such as telecom infrastructure, with analytical teams across the company. 

Prior to joining KBRA, Fred was a senior CRE credit officer on National City Bank’s CMBS originations desk, and a director in Fitch Ratings’ new issue CMBS Group, where he rated deals across all major shelves. 

Fred started his professional career at market data provider REIS, where he produced market forecasts used in the valuation of RTC assets.  

Fred holds a B.A. from Hamilton College and an MBA in finance from New York University.

Track 4: Data Centers: Comparing ABS and CMBS Routes

1:45 PM – 2:35 PM

Track 4: Data Centers: Comparing ABS and CMBS Routes

1:45 PM – 2:35 PM

Peter Walgren is Co-Head of SMG Capital Markets at Jefferies 

Over 17 years of experience covering Esoteric ABS.  Mr. Walgren has extensive experience in the fiber ABS space, leading the first-ever fiber securitization, in addition to numerous inaugural issuances.  Outside of Digital Infrastructure, Peter has advised on over $15bn of Whole Business transactions, as well as various other transactions across asset classes, including PDP Oil & Gas portfolios

Prior to Jefferies, Mr. Walgren spent three years at Morgan Stanley, where he rose to Co-Head of Securitized Products Capital Markets, eleven years in the Securitized Products Origination group at Barclays, and three years as a lawyer at Simpson Thacher & Bartlett

Mr. Walgren holds a B.A. from Dartmouth College and a JD from Stanford Law School

Track 4: Banking Industry Outlook: What Is the Destination?

2:40 PM – 3:30 PM

Track 4: Banking Industry Outlook: What Is the Destination?

2:40 PM – 3:30 PM

Christopher Horn is a partner in the Financial Services Group. He focuses his practice on securities regulation with a particular focus on regulatory issues in securitizations and structured finance. He has experience representing issuers, borrowers, and commercial and investment banks in a variety of public and private asset-backed securities offerings, commercial paper conduit facilities and other forms of financing involving a wide variety of assets. Chris also has experience representing trustees in connection with RMBS litigation and regulatory matters.

Chris frequently advises on the regulatory aspects of securitization and structured finance transactions, with a particular focus on the evolving impact of the Dodd-Frank Act and the U.S. bank regulatory capital rules. He has published numerous articles on structured finance topics and authored multiple comment letters on behalf of clients and industry trade groups relating to the proposed rules under the Dodd-Frank Act and Regulation AB, as well as the U.S. bank regulatory capital rules.

Chris is a frequent speaker at industry conferences and is an active member of the Securitization and Structured Finance Committee of the American Bar Association. Widely recognized for his work with industry associations, Chris routinely works on high-profile projects for the Securities Industry and Financial Markets Association (SIFMA) and the Structured Finance Association (SFA). Chris is also an Adjunct Professor of Law at the New York University School of Law, where he teaches “The Law of Securitization.”

Chris earned his J.D., cum laude, from University of Illinois College of Law, where he was Associate Editor of University of Illinois Law Review, and his B.A., from Northwestern University. He is admitted to practice in the States of New York and Illinois.

Track 4: Banking Industry Outlook: What Is the Destination?

2:40 PM – 3:30 PM

Tim Becker is a Senior Vice President in Public Policy at Wells Fargo, responsible for leading the development of enterprise-wide public policy positions regarding legislation and regulation impacting capital, liquidity and resolution planning, climate risk, accounting, reporting and tax.  In this role, Tim is responsible for monitoring new, evolving and changing regulatory requirements coming from any domestic or global standard setter that could affect Wells Fargo’s business activity.

Tim joined Wells Fargo in 2008 and prior to his current role, Tim held multiple roles in Enterprise Finance, specifically within Corporate Treasury and Corporate Accounting Policy with responsibility for coordinating the development of advocacy positions on regulatory capital issues, interpreting new and existing regulatory reporting, regulatory capital and accounting rules.  Before joining Wells Fargo, Tim spent six years auditing financial services companies with PricewaterhouseCoopers in Minneapolis.  

Tim has a B.B.A. in Accounting from the University of Wisconsin and a M.B.A. from the University of Minnesota – Carlson School of Management.  He lives in Minneapolis with his wife and three sons.  

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through 8,200 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. 

Track 4: Banking Industry Outlook: What Is the Destination?

2:40 PM – 3:30 PM

Francisco Covas is currently Executive Vice President, Head of Research at the Bank Policy Institute. Prior to joining BPI, Mr. Covas served as Senior Vice President and Deputy Head of Research at the Clearing House Association, where he helped oversee research and analysis to support the advocacy of the Association on behalf of the owner banks.

Prior to joining the Clearing House in 2016, Mr. Covas was an assistant director of the Division of Monetary Affairs at the Federal Reserve Board where he supervised a team focused on the effects of changes in bank regulation on monetary policy, on the role of banks in the transmission of monetary policy, and on the development and validation of stress testing models. Prior to that, he was an economist in the Division of Banking Supervision & Regulation and focused on a range of capital, liquidity and other regulatory initiatives.

Mr. Covas earned a Ph.D. in economics from University of California, San Diego in 2004 and a B.A. from the Universidade Nova de Lisboa, Portugal in 1997. He has written extensively on capital regulation, stress testing, and liquidity regulation and has published research on a wide range of academic journals.

Track 4: Banking Industry Outlook: What Is the Destination?

2:40 PM – 3:30 PM

Track 4: Banking Industry Outlook: What Is the Destination?

2:40 PM – 3:30 PM

Mr. Fanger has been with Moody’s since 1995 as a member of Moody’s Financial Institutions Group.  He currently has lead analytic responsibilities for a number of large banks and securities firms headquartered in the U.S., and also provides guidance and support to other analysts covering similar institutions to help ensure consistency in Moody’s analysis and ratings of these complex firms.  Mr. Fanger also continues to support Moody’s Credit Strategy & Standards Group through his participation on Moody's Standing Committee on Rating Symbols and Definitions and on a variety of special projects.

Mr. Fanger has previously served as Chief Credit Officer for Moody's Financial Institutions Group and as a  Regional Credit Officer for the Americas Banking team and the Finance and Securities team at Moody’s, and has been lead analyst on a wide range of banks, thrifts, and credit card companies on those teams. 

Prior to joining Moody’s Mr. Fanger worked at the Federal Reserve Bank of New York in Banking Supervision, and also served a brief stint at the Federal Reserve Bank of San Francisco. Mr. Fanger has a Masters in Public Policy from Harvard University’s Kennedy School of Government where he concentrated in Business and Government Relations, and a B.A. from Colby College where he majored in Economics and Government.