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1ST ANNUAL Asia-Pacific FundFinance Symposium

JUNE 19, 2017FOUR SEASONS, HONG KONG

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TABLE OFCONTENTS

Agenda at a Glance ............. 2

Session Details .................... 3

Sponsors .............................. 6

Speakers .............................12

FFA Leadership .................. 30

1ST ANNUAL Asia-Pacific FundFinance Symposium

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Time Session

1:00 PM – 1:15 PM Welcome & Opening Remarks, Grand Ballroom

1:15 PM – 1:30 PM Preqin Presentation, Grand Ballroom

1:30 PM – 2:20 PM Overview of Fund Finance in Asia, Grand Ballroom

2:20 PM – 2:40 PM Networking Break, Grand Ballroom Foyer

2:40 PM – 3:30 PM Welcome to the Jungle – A Practical User’s Guide to the Legal and Regulatory Issues Impacting Funds and Fund Finance in Asia-Pacific, Grand Ballroom

3:30 PM – 3:50 PM Networking Break, Grand Ballroom Foyer

3:50 PM – 4:40 PM Hybrids, NAVs, FX Lines and Alternative Products, Grand Ballroom

4:40 PM – 5:00 PM Networking Break, Grand Ballroom Foyer

5:00 PM – 5:40 PM Industry Panel, Grand Ballroom

5:40 PM – 5:50 PM Closing Remarks, Grand Ballroom

5:50 PM – 7:30 PM Networking Cocktail Reception hosted by , Grand Ballroom Foyer

AGENDA AT A GLANCE

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Welcome Remarks Grand Ballroom

1:00 PM - 1:15 PMSPEAKERS:Albert Tan, Partner, Haynes and Boone, LLPDanielle Roman, Partner, Mourant Ozannes

Preqin Presentation Grand Ballroom

1:15 PM - 1:30 PMSPEAKER:Ling Yan, TITLE, Preqin

Overview of Fund Finance in Asia Grand Ballroom

1:30 PM - 2:20 PM• Subscription Financing – What is it and What are its uses? When in the lifecycle of a Fund is this product used? How

prevalent is this type of financing utilized by PE funds in Asia?• Fund structures - Comingled accounts, Separate Accounts, Closed-end, Open-ended, Co-Investment?• How deals are structured - secured/unsecured, investor letters vs no investor letters, committed vs. uncommitted, hybrids, etc.• Borrowing Base Formula – “Included Investors”, “Designated Investors” and/or “All Investors”.• Comparison of Asia Markets (Japan, HK, Singapore, China, etc.) to US and European Markets.• Opportunities and Challenges Ahead

MODERATOR:Albert Tan, Partner, Haynes and Boone, LLP

PANELISTS: Alice Chan, Head of Asia Private Equity Services, Silicon Valley BankMark Harding, Head of Financial Institutions Group, ANZTom Highnam, Partner, AllensPierre Maugüé, Partner, Debevoise & Plimpton LLPTerrance J. Philips, Managing Director, Citi Private BankWeiyu Tan, Director, Private Equity, KKRDavid Wasserman, Global Head of Subscription Secured Finance, SMBC

AGENDAJune 19, 2017

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Networking Break Grand Ballroom Foyer

2:20 PM - 2:40 PM

Welcome to the Jungle – A Practical User's Guide to the Legal and Regulatory Issues Impacting Funds and Fund Finance in Asia-Pacific Grand Ballroom

2:40 PM - 3:30 PM• Common fund structures in Asia-Pacific• LPA/constitutional documentation and side letters• Facility terms and security package – where is the market?

Secured vs unsecured, type of collateral, perfection, protection, enforceability• Crystal ball gazing for the Asia market

MODERATOR:Paul Christopher, Managing Partner, Hong Kong, Mourant Ozannes

PANELISTS: Peter Burnett, MD and Regional Head, Corporate Finance, Greater China & North Asia, Standard Chartered Bank (Hong Kong) LimitedAdam C. Furber, Partner, Simpson Thacher & Bartlett LLPRichard Hayes, Partner, Hogan LovellsAndrew Hutchins, Partner, Clifford Chance LLPNicholas Davies, Partner, Appleby

Networking Break Grand Ballroom Foyer

3:30 PM - 3:50 PM

Hybrids, NAVs, FX Lines and Alternative Products Grand Ballroom

3:50 PM - 4:40 PM

MODERATOR:Fabrice Guesde, Head of Global Structured Credit & Solutions, Asia Pacific, Natixis

PANELISTS: Paul Aherne, Partner, WalkersLee Doyle, Partner, Ashurst LLPNeha Malik, Director, Financial Institutions Group, Commonwealth Bank of AustraliaPaul Sephton, Partner, Harney Westwood & Riegels

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Networking Break Grand Ballroom Foyer

4:40 PM - 5:00 PM

Industry Panel Grand Ballroom

5:00 PM - 5:40 PMMODERATOR:Michael Mascia, Partner, Cadwalader, Wickersham & Taft LLP

PANELISTS: Omar Chaudhary, Managing Director, Goldman Sachs & CoHenry Ching, Head of Asia Real Estate, Mercer InvestmentsNick Mitra, Executive Director, NatixisRobert Waugh, General Manager, Funds & Insurance, National Australia BankSteve Willmann, Managing Director and Treasurer, TPG

Closing Remarks Grand Ballroom

5:40 PM - 5:50 PMMODERATOR:Terence Hatton, Managing Director & Group Head, Funds Finance, MUFGJeff Johnston, Managing Director, Wells Fargo Securities, LLCMichael Mascia, Partner, Cadwalader, Wickersham & Taft LLPNick Mitra, Executive Director, NatixisMary Touchstone, Head of Fund Finance Practice, Simpson Thacher & Bartlett LLP

Networking Cocktail Reception Hosted by Appleby Grand Ballroom Foyer

5:50 PM - 7:30 PM

PLATINUMSPONSORS

ALLENS/LINKLATERSThe Allens and Linklaters international alliance provides our clients with access to market leading lawyers through a global network of 39 offices across 28 countries, including to emerging markets in Africa, Asia and South America.

The alignment of our complementary practices enables us to offer an integrated service to clients, with one point of contact, a unified team drawn from the best resources of each firm, and consistent quality advice and support.

We combine local knowledge with technical excellence and commercial insight, to provide clear navigation through the most complex cross border transactions when working with fund financing clients the world over.

ANZHeadquartered in Melbourne and with a long-term AA- credit rating, Australia and New Zealand Banking Group Limited (ANZ) has a banking heritage spanning more than 180 years in Australia and New Zealand and an established on the ground presence in 15 Asian markets.

As clients look to capitalise on the movement of money and goods across Asia Pacific, they find in us a strong banking partner who can help them manoeuvre the rapidly changing business and regulatory landscape, while effectively managing liquidity, risk and investments.

We connect clients to opportunities centred around trade and capital flows into and within Asia Pacific.

APPLEBYAppleby is one of the world’s leading offshore law firms. The firm has offices in the key offshore jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and Seychelles, as well as a presence in several key international financial centres including Hong Kong and Shanghai.

Appleby has been ranked as one of the world’s leading providers of offshore legal services in The Lawyer’s 2016 Offshore Survey and constantly delivers sophisticated, specialised legal services. The global Finance team has a world class reputation and has been a recognized market leader in the subscription finance space since inception of this sector.

ASHURST LLPAshurst is a leading global law firm with a rich history spanning almost 200 years. Our in-depth understanding of our clients and commitment to providing exceptional standards of service have seen us become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law.

Our people are both experts of law, and in tune with the economic, market and political forces of your business environment. This combination allows us to give you the commercial advice you need to maximize your opportunities and overcome your challenges.

We have an international network of 25 offices in 15 countries allowing us to provide help and advice to clients across Asia, Australia, Europe, the Middle East and North America. With over 1600 lawyers working across 10 different time zones, we are able to respond to our clients wherever and whenever they need us.

Our global finance team delivers integrated, bespoke and cost effective advice covering all aspects of funds finance. Working in tandem with our market leading funds formation practice, we advise lenders and funds on a wide variety of financing structures including capital call facilities, leverage facilities, hybrid facilities and general partner facilities.

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CITI PRIVATE BANKCiti Private Bank advises some of the world's wealthiest, most influential individuals and families. With approximately $390 billion in global assets under management, the franchise includes 48 offices in 16 countries, serving clients across 139 countries. The firm offers clients products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance, banking and aircraft finance, as well as art and sports advisory and finance.

CLIFFORD CHANCE LLPClifford Chance is one of the world’s pre-eminent law firms, with the depth and range of resources to help our clients across all the major global financial centres. As a single, fully integrated partnership, we pride ourselves on our ability to work seamlessly across national borders to deliver broad industry expertise and local knowledge.

Clifford Chance brings a market-leading fund finance proposition, advising lenders and funds on a wide range of financing options, including: capital call bridge financing, leveraged NAV facilities, borrowing base deals (including hybrid facilities) for debt funds and facilities for general partners. Our global funds/funds formation practice of over 130 lawyers works in tandem with our lending team to provide a complete fund financing platform for our clients.

COMMONWEALTH BANK OF AUSTRALIAThe Commonwealth Bank is Australia’s leading financial institution, with total assets of more than $A933 billion (as at 30 June 2016). The Group is ranked by Standard & Poor’s as the 10th largest bank in the world by market capitalisation (Bloomberg, as at 14 February 2017).

The Commonwealth Bank is headquartered in Sydney, Australia and has a global presence throughout Asia, North America, the United Kingdom, and New Zealand.

The Institutional Banking and Markets division provides capital raisings, risk management and transaction banking solutions to the Group’s institutional clients. The division’s approach is underpinned by rich analytics, insights from industry experts, innovative technology and a deep commitment to building long-lasting relationships.

DEBEVOISE & PLIMPTON LLPDebevoise & Plimpton LLP is a premier law firm with market-leading practices and a global perspective. Approximately 650 lawyers work in nine offices across three continents, within integrated global practices, serving clients around the world.

Debevoise has extensive experience in Asia of all aspects of fund-level financing transactions for different types of investment funds and their managers.

We have been regularly representing sponsors for more than a decade in a broad range of transactions, including subscription credit facilities, leveraged portfolio acquisition financings, hybrid facilities that look to the net asset value of the fund’s investments, management company liquidity facilities, and co- investment facilities that provide liquidity to fund principals and employees.

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HARNEYS Harneys is a leading international offshore legal and fiduciary services firm with more than 12 office locations globally. We are trusted legal advisors to an international client base including the world’s top 30 international law firms and 18 of the world’s 20 largest banks and financial institutions, as well as investment funds and private individuals. Our key practice areas are Corporate & commercial, Investment Funds, Banking & Finance, Litigation & Restructuring, and Trusts & Private Client. We work alongside leading professional advisors providing legal, corporate and fiduciary services regarding British Virgin Islands, Bermuda, Cayman Islands, Anguilla, Cyprus and Mauritius law.

HAYNES & BOONE, LLPHaynes and Boone, LLP is one of the leading U.S. corporate law firms with offices across Texas, in New York, Palo Alto, Chicago, Denver, Washington D.C., London, Mexico City and Shanghai, representing agent banks in Subscription Financing in Asia, Europe, Latin America and North America. Our lawyers have more than 25 years of industry experience in the global subscription financing market, taking a multi-disciplinary approach to working with clients and their customers on each transaction, which includes preserving the lender-borrower relationship by conducting all negotiations with an understanding of the fund’s business issues, while preserving each fund’s relationship with its investors. Our work in the global subscription financing market has been recognized by Private Equity International’s Global Annual Awards as one of the top law firm’s in the “Transactions” category for both Asia and North America.

HOGAN LOVELLSHogan Lovells offers extensive insights gained in some of the world's most complex legal environments. We help corporations, financial institutions, and governments identify and mitigate risk and make the most of opportunities. Our 2,500 lawyers across six continents provide practical legal solutions wherever your work takes you.

Whether it's expanding into new markets, considering capital from new sources, or dealing with increasingly complex regulation or disputes, we can help. Whether change brings opportunity, risk, or disruption, be ready by working with Hogan Lovells.

A fast-changing, inter-connected world requires fresh thinking combined with proven experience. Our experience in cross-border and emerging economies gives us the market perspective to be your global partner. We believe that when knowledge travels, opportunities arise.

Giving back to communities and society is fundamental to good business. We are advocates of justice, diversity, equality, and opportunity. This perspective ultimately delivers a more rounded thinking and better answers for you.

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MOURANT OZANNESMourant Ozannes' holistic approach to the private equity sector is based on our ability to provide clients with offshore legal advice and support at every stage of the private equity life cycle.

Our fund finance team deliberately comprises both private funds and banking and finance lawyers. This combination allows us to provide specialist and detailed finance advice, coupled with expert understanding of the underlying asset class.

Our expertise spans the firm’s practice areas, drawing upon BVI, Cayman Islands, Guernsey and Jersey lawyers in each of those locations as well as in London and Hong Kong.

To find out more about our award-winning practices, please visit mourantozannes.com.

NATIONAL AUSTRALIA BANK National Australia Bank (NAB) has a long established history of supporting its clients and their investors through fund level & asset financing, capital markets and risk solutions.

As one of the world’s top 10 safest commercial banks according to Global Magazines Sept 16 World Safest Banks List, together with 150 years of operating experience in Australia and over 40 years in Europe, North America and Asia, NAB’s global presence, knowledge and expertise means that we can provide insight and support for our customers global investment activities.

NAB has specialist teams dedicated to providing banking solutions for investment managers and financial sponsors with links to Australia and New Zealand (either through capital raised from the region, investment activity in the region or having offices in the region).

As the world constantly changes and the global financial system continues to evolve, NAB is here to support its customers today and tomorrow.

If you want to find out more about how NAB can help your business visit www.nationalaustraliabank.com.

NATIXIS Natixis is the international corporate, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 31.2 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.

With more than 16,000 employees, Natixis has a number of areas of expertise that are organized into three main business lines: Corporate & Investment Banking, Investment Solutions & Insurance, and Specialized Financial Services.

A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks.

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SILICON VALLEY BANKFor more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators.

Learn more at svb.com.

SIMPSON THACHER & BARTLETT LLPSimpson Thacher & Bartlett LLP (www.simpsonthacher.com) is one of the world’s leading international law firms. The Firm was established in 1884 and today has more than 900 lawyers. Building on over 130 years of experience, the Firm has played a substantial role in many of the most complex and noteworthy transactions and matters of the last decades. Headquartered in New York with offices in Beijing, Hong Kong, Houston, London, Los Angeles, Palo Alto, São Paulo, Seoul, Tokyo and Washington, D.C., the Firm provides coordinated legal advice and transactional capability to clients around the globe.

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

SMBCSMBC is a leading global provider of subscription secured financing to private equity funds across multiple asset classes including: real estate; credit; infrastructure; buyout; and energy. Our fund clients are active investors both globally and specifically in North America, Europe, and Asia.

Competitive advantages include expertise across an extensive portfolio of specialized financial products and dedicated collaboration with internationally-based staff, making SMBC a leading choice for internationally-focused firms.

SMBC is an affiliate of Sumitomo Mitsui Financial Group, a bank holding company with more than 70,000 employees in over 40 countries, placing SMFG 16th among the largest banks by assets globally (S&P, as of December 31, 2016).

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STANDARD CHARTERED BANKWe are a leading international banking group, with around 86,000 employees and a 150-year history in some of the world’s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

For more information please visit www.sc.com.

WALKERSWalkers is a leading global finance centre law firm providing legal, corporate and fiduciary services to financial institutions, investment funds, investment fund managers, capital markets participants, FORTUNE 100 and FTSE 100 global corporations and middle market companies from our offices in Bermuda*, the British Virgin Islands, the Cayman Islands, Dubai, Guernsey, Hong Kong, Ireland, Jersey, London and Singapore.

Walkers was among the first offshore firms to work on equity fund subscription credit transactions and hedge fund financing platforms, for both lender and borrower clients, providing a length and depth of expertise which is unmatched by our competitors. Such global strength and presence has enabled us to spearhead our clients' continuing expansion into the Asian and European markets.

An intimate familiarity with fund structures and documentation derived from our leading global investment funds teams provides our finance lawyers with an unparalleled vantage point of the developing market allowing us to efficiently provide creative and developed solutions to finance and fund clients alike.

Our global teams have acted on complex and innovative fund financing solutions including equity bridge facilities, subscription and acquisition financings, capital call facilities as well as traditional products such as repo financing, synthetic borrowings and more esoteric products including NAV based margin loans and fund linked derivative solutions.

*In association with Taylors

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PAUL AHERNE Walkers

Paul Aherne is a Partner in Walkers' Finance and Corporate Group. Paul has broad experience of debt financing transactions and specialises in advising lenders and borrowers in relation to Cayman Islands and British Virgin Islands law aspects of fund finance, leveraged and acquisition finance, margin lending, real estate finance, asset finance, structured finance and general corporate lending.

Paul trained with CMS Cameron McKenna in London, qualifying into the firm’s Acquisition and Leveraged Finance Group in 2004. In 2007 Paul joined the Banking Group of Allen & Overy’s Hong Kong office where he developed expertise advising on a broad range of cross-border financings throughout Asia. During his time with Allen & Overy, Paul spent a year based in Allen & Overy’s Tokyo office. Paul joined Walkers in Hong Kong in 2011 and was promoted to partner in 2014.

Paul is recognised in The Legal 500 Asia-Pacific - Paul Aherne is ‘extremely responsive and provides practical advice’.

PETER BURNETTStandard Chartered Bank (Hong Kong) Limited

Peter Burnett joined Standard Chartered Bank in 2013 and is responsible for Corporate Finance business in Greater China and North Asia. This encompasses Loan Syndications, Leveraged and Structured Solutions, Shipping and Aircraft Finance, M&A and Project & Export Finance.

Prior to Standard Chartered Bank, Peter was with UBS for 24 years in various senior roles including Head of Asian Equity Capital Markets, Head of Asian Investment Banking, Chief Executive of UBS Middle East and most recently Chairman of Global Capital Markets, Asia.

Peter has a long association with Asia and having first worked in the region in 1994 and settling in Hong Kong in 1996.

He is the Vice-Chairman of the British Chamber of Commerce and is the Chairman of the “One Belt, One Road” Committee for the Hong Kong Association of Banks.

He is a graduate of Oxford University and a Member of the Institute of Chartered Accountants in England & Wales. He is married with three daughters.

ALICE CHANSilicon Valley Bank, Hong Kong Representative Office

Alice heads up the SVB Hong Kong Representative Office and her main role is to work closely with the local CFOs and GPs of private equity and venture capital funds in order to support their specific banking and credit requirements. SVB has a rich history of banking and financing private equity and venture capital firms, with over 1800 firms currently partnering with us. We have a dedicated team focused on developing, tailoring and managing products specific to your industry, including tailored lending at both fund and investment level, streamline cash management, foreign exchange expertise and start-up service platforms.

MEET OURSPEAKERS

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Omar ChaudharyMerchant BankingNew York

mar has responsibility for fund financing for the Merchant Banking Division(MBD). Prior to assuming this role in 2016, Omarserved as head of the US CLO New IssueBusiness. Omar was based in London from2012 and headed the European effort onfinancial institution solutions for credit andmortgage products, and he was head of theMortgage desk in Asia Pacific from 2005 to2012. Before that, Omar worked on theStructured Product Syndicate desk in NewYork before setting up the department’s deskin Tokyo in 2005. He joined Goldman Sachsin 2000 in the Investment Banking Division,where he worked on structured financesolutions for the firm’s clients untiltransitioning to the Securities Division. Omarwas named managing director in 2008. Omar earned a BS in BusinessAdministration from the Carroll School ofManagement at Boston College in 2000.

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OMAR CHAUDHARYGoldman Sachs & Co

Omar has responsibility for fund financing for the Merchant Banking Division (MBD).

Prior to assuming this role in 2016, Omar served as head of the US CLO New Issue Business. Omar was based in London from 2012 and headed the European effort on financial institution solutions for credit and mortgage products, and he was head of the Mortgage desk in Asia Pacific from 2005 to 2012. Before that, Omar worked on the Structured Product Syndicate desk in New York before setting up the department’s desk in Tokyo in 2005. He joined Goldman Sachs in 2000 in the Investment Banking Division, where he worked on structured finance solutions for the firm’s clients until transitioning to the Securities Division. Omar was named managing director in 2008.

Omar earned a BS in Business Administration from the Carroll School of Management at Boston College in 2000.

HENRY CHING Mercer Investments

Henry Ching is a Principal based in the Hong Kong office and is the Asia head of Mercer’s Real Estate Boutique. He is responsible for investment consulting and research across the private and listed markets in Asia.

Henry's previous roles include four years at Towers Watson (Hong Kong) where he was responsible for researching Asia-focused private markets managers and consulting to Asian clients including pension funds and sovereign wealth funds; four years at the Canada Pension Plan Investment Board (CPPIB) in Toronto where he was responsible for researching and implementing new asset classes into CPPIB's investment portfolio, and analysing direct investments. Prior to receiving his MBA, Henry also worked as a System Analyst at AIM Trimark Investments also in Canada.

Henry earned his BASc in Electrical Engineering from the University of Toronto and his MBA from Richard Ivey School of Business, the University of Western Ontario. He is also a charter holder of both the Chartered Financial Analyst (CFA) and the Chartered Alternative Investment Analyst (CAIA) designations.

PAUL CHRISTOPHERMourant Ozannes

Paul is the managing partner of the Hong Kong office and leads the corporate and investment funds team in Asia. He regularly advises on the establishment of investment funds, mergers and acquisitions, joint ventures and restructurings of companies and structures. These will often be private equity-related transactions. He has been with Mourant Ozannes since 1999. Paul qualified as a Solicitor (England) in 1999 (currently non-practising), an Advocate (Guernsey) in 2003 and was admitted as a Solicitor (British Virgin Islands) in 2013.

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NICHOLAS DAVIESAppleby

Nicholas is a partner based in the firm's Hong Kong office, with a broad corporate finance practice spanning capital markets and structured finance, fund finance, and all aspects of private equity work. He also provides regulatory advice, particularly in relation to international sanctions.

Nick has extensive offshore experience and has previously practised in our Cayman Islands office, and as a partner in another offshore firm in Jersey. Having spent a significant part of his career as an English lawyer with Linklaters, Allen & Overy and Freshfields - which much of that time based in Moscow - Nick has a thorough understanding of both the onshore and offshore technical aspects, and commercial and cultural nuances, of cross-border corporate finance transactions. Nick is also frequent speaker and author on doing business in growth markets.

Nick has been rated in various legal directories for both his offshore and onshore work, with Legal 500 noting that he 'provides excellent advice and is easy to work with'; IFLR ranking him as a 'rising star'; and Who's Who Legal commenting that 'the "impressive" Nicholas Davies offers “expert advice” combined with “substantial understanding and experience” of the commercial, legal and cultural issues associated with completing transactions in this area'.

In addition to his work throughout Asia, Nick continues to advise on matters relating to Russia and the CIS region.

LEE DOYLEAshurst LLP

Lee has been acting on funds financings for over 20 years and has a unique range of experience acting as internal and external counsel for the major lenders in this sector, including European, US and Asian lenders and across all funds.

Lee is now also Ashurst's Global Head of Bank Industry and prior to joining Ashurst Lee was Head of the UK Corporate and Global Restructuring Legal teams and sat on the UK Board of RBS. His experiences within the Bank leave him well versed in structuring matters to best benefit internal bank metrics with a broad appreciation of capital and credit matters. Lee particularly specialises in umbrella or multi fund deals with an eye to the growing hybrid market.

Chambers highlights that he is "enormously customer focussed and always willing to go the extra mile". He is especially admired for his "ability to think outside the box"

ADAM C. FURBERSimpson Thacher & Bartlett LLP

Adam Furber is a Partner in Simpson Thacher’s Hong Kong office and the head of the Firm’s Asia Private Funds Practice. He regularly represents a broad range of alternative asset management firms in the formation and ongoing operation of their private equity, real estate and other private investment funds. Adam has been recognised as one of the leading private equity funds lawyers in Asia by Chambers Global, Chambers Asia-Pacific and Who’s Who Legal. Simpson Thacher was also named Investment Funds Team of the Year at Asia Legal Business 2013 Hong Kong Law Awards.

Adam holds a J.D. from University of Minnesota Law School and a B.A. from Colby College. He has lived in Asia for 14 years and has basic Mandarin skills and is fluent in Portuguese and German.

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FABRICE GUESDENatixis

Fabrice Guesde took up his role as 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.

MARK HARDINGANZ

Mark Harding is the Head of Financial Institutions Group for South East Asia, India and the Middle East at ANZ. In this Singapore based role he leads the relationship coverage of the banks, funds, insurance and diversified financials sectors across the region. Mark joined ANZ in 2008 and was initially working in Australia where he was responsible for driving business growth across funds and insurance clients where he had a specialization in structuring financing and derivative lines for funds in Australia and Asia.

Previously, while living in London for 10 years, he worked at RBS in a FIG coverage role, where he developed capital and product solutions for bank clients, and also held various senior finance leadership positions.

Mark holds a Bachelor of Commerce from the University of Auckland and obtained professional qualifications as a Chartered Accountant (NZ), Fellow of the Association of Chartered Certified Accountants, Associate Member of Corporate Treasurers and is a CFA charterholder.

RICHARD HAYESHogan Lovells

Richard is an international finance lawyer based in the Sydney office of Hogan Lovells, where he specialises in acquisition finance, funds finance and general corporate finance.

With over 20 years' experience gained at leading firms in London, New York and Sydney, his clients know they have a senior partner on board who knows what it takes to get the toughest and most complex jobs done - on time and without any nasty surprises.

Richard's clients include global investment banks, commercial banks, debt funds and other lenders as well as private equity and other investment firms and corporations.

His practice includes refinancings, restructurings, recapitalisations and work-outs.

Richard is a regular presenter and guest lecturer on banking related issues, has published various articles and co-authored the chapter on Intercreditor Issues in Australian Finance Law.

Richard is admitted in Australia, England and New York and is consistently rated as a leading individual in legal directories including Chambers Global and the Legal 500.

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TOM HIGHNAM Allens

Tom is the Practice Group Leader of the Banking & Finance team at Allens. He has extensive experience advising lenders and sponsors in a range of financings, with particular expertise in funds finance and leveraged and acquisition finance.

Tom is recognised as a leading practitioner representing financiers on subscription financing transactions for both domestic and global funds, including Partners Group, Pacific Alliance Group, Babson Capital, IFM, AMP, Advent Private Capital and Next Capital. He is active across the spectrum of funds in the Australian market, being private equity funds, infrastructure funds and offshore funds accessing Australian capital. In 2016, he acted on subscription finance transactions having an aggregate value in excess of A$3 billion.

Client sources in Chambers Asia Pacific 2017 acclaim Tom's ability to 'tackle all roadblocks quickly and easily', as the 'go-to guy' for matters relating to structured finance, acquisitions and derivatives. He is lauded for 'always knowing the law and documents inside and out' and being 'extremely diligent' in his work.

Tom graduated from Cambridge University in 1996..

CHARLES HUHClifford Chance LLP

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ANDREW HUTCHINSClifford Chance LLP

Andrew specialises in a wide range of bank lending, including acquisition finance, syndicated lending, restructuring and funds finance. In the IFLR 1000 Guide to World’s Leading Financial Law Firms, Andrew was named “Leading Lawyer” for bank lending and has regularly presented at APLMA and other industry conferences. Andrew has been at Clifford Chance for more than 20 years and was in the Hong Kong office between 1997 and 2000 and again between 2009 and 2016 and has been in the Singapore office since 2016.

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NEHA MALIKCommonwealth Bank of Australia

Neha is currently based in Singapore and is responsible for the coverage of Financial Sponsors and Funds in Asia for the Commonwealth Bank of Australia. Neha has over 14 years of banking experience in both developed and emerging markets having worked in the sector in India, Singapore, the UK and Hong Kong. She has held a variety of cross-functional roles across Institutional and Retail Banking including FIG Client Coverage, Product and Program Management, and business planning for the CEO of a FTSE 100 bank.

Neha holds an MBA from the Indian Institute of Management and B.Com (Hons) from Delhi University.

MIKE MASCIACadwalader, Wickersham & Taft LLP

Mike Mascia is a partner in Cadwalader's Capital Markets Group. He has extensive experience representing a variety of lenders across a range of secured lending transactions, with particular emphasis on the financing of investment funds and financial institutions. He has a globally recognized practice in the subscription credit facility space, having represented both balance sheet and commercial paper conduit lenders in facilities to real estate and private equity funds sponsored by many of the world’s preeminent fund sponsors.

Mike has represented the lead arrangers in many of the largest subscription credit facilities ever consummated. 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 for repayment. Many of his transactions are cross-border in nature, and he is well-versed in the nuances of multi-jurisdictional transactions.

Mike is the founder of the annual Subscription Credit Facility and Fund Finance Symposium and is a founding member and the Secretary of the Funds Finance Association.

He also represents underwriters, commercial banks, commercial paper conduits, issuers and other finance companies in the securitization of private equity capital commitments, trade receivables (including web-based supply chain finance programs), auto loans and leases, corporate and middle market loans, intellectual property receivables, equipment leases, and other esoteric assets, in both the warehouse and term markets.

PIERRE MAUGÜÉDebevoise & Plimpton LLP

Pierre Maugüé is a corporate partner at Debevoise & Plimpton. He focuses his practice on acquisition and leveraged buyout financings and structured financings.

Mr. Maugüé brings a global perspective to his work, having lived and worked in Asia, Europe and the United States. He joined Debevoise in 1999 in the firm’s Hong Kong office. He relocated to the New York office in 2002 before moving to London in 2014.

Mr. Maugüé is recommended by the Legal 500 UK, and was previously recommended in the Legal 500 US. The guide has described him as a trusted adviser who helps clients achieve goals in the most efficient manner.

Mr. Maugüé writes frequently on legal matters related to finance topics. He is the author of “Certain funds in strategic acquisitions,” International Financial Law Review (February, 2016); “ Differing Approaches to the Documentation Risk in European and U.S. Acquisition Financings,” Private Equity Report (Fall, 2014); “French Bankruptcy Law Becomes More Creditor Friendly,” Pratt’s Journal of Bankruptcy Law (July/August, 2014); and “Asset-Based Loan Facilities: Recent Market Trends Relating to Availability,” Westlaw Journal Bank & Lender Liability (June, 2014).

Mr. Maugüé was admitted to the New York bar in 1996, and as a solicitor in England & Wales in 2016. Mr. Maugüé received a Magistere and DESS in Business and Tax Law, with high honors, from the University of Paris II-ASSAS in 1991, and a Master in Comparative Jurisprudence from New York University in 1995.

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NICK MITRANatixis

Nick Mitra manages the US Capital Call business for Natixis and is also the global coordinator for the Capital Call product ensuring compliance with exposure limits and adherence to consistent standards for Capital Call credit facilities. Prior to joining the Global Structured Credit & Solutions Group at Natixis, Nick worked in the Credit Group at Natixis covering Financial Institutions and Insurance Companies. 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 17 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.

TERRANCE J. PHILIPSCiti Private Bank

Terrance Philips is a Managing Director at Citi Private Bank in Hong Kong, acting as the Asia Head of Private Equity Client Coverage. In his role he is responsible for developing relationships with General Partners of Private Equity Firms and their respective Funds across Asia. Philips coordinates with his partners to deliver the Citi Bank platform to the Private Equity asset class to include; Subscription Facilities, Private Banking, Investment Banking and Funds Distribution.

Prior to joining the company, Terrance spent twelve years with Silicon Valley Bank including several increasingly senior positions including cash management advisor, global treasure advisor and Managing Director responsible for the firm’s Global Private Equity Service Group. Philips managed relationships with more than 130 international venture capital firms throughout Asia, Europe, Israel and South America.

In addition, he is an advisor to the board of directors of both the China Venture Capital Finance Organization and the Hong Kong Private Equity Finance Association. Terrance is also a board member of the Children’s Medical Foundation, a Hong Kong based non- governmental organization focused on saving lives of new born babies in rural China. He is a member to the Hong Kong Select USA Committee focused on generating Direct Foreign Investment to the USA.

Philips holds a bachelor’s degree in international business from Pepperdine University, and a MBA from Pepperdine University’s Graziadio School of Business. Prior to Business School, Terrance was also a mentor for BUILD, a nonprofit organization committed to motivating under-resourced high school students to succeed in school and go to higher education by helping them start and run their own businesses.

DANIELLE ROMANMourant Ozannes

Danielle is an experienced banking and finance specialist and advises on a broad spectrum of transactions including fund financing (in particular subscription credit facilities), asset finance, acquisition and leveraged finance, debt restructurings, and general corporate lending. Her corporate experience includes advising on mergers and acquisitions, private equity investments and corporate reorganisations. Danielle regularly advises major international banks and financial institutions, listed and private corporations, investment funds and leading onshore law firms. Danielle is the chair of the Philanthropy Committee Chair for the Asia Securities Industry and Financial Markets Association's Women in Finance Asia forum.

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PAUL SEPHTON Harney Westwood & Riegels

Paul Sephton is a Partner in the Finance & Corporate department of Harneys in Hong Kong.

Paul advises leading onshore law firms, major international financial institutions and listed and private companies. He specialises in debt finance advising on a range of financial products including leveraged finance, margin lending, acquisition finance, pre-IPO finance, take-private transactions, bond issuances, convertible instruments, derivative transactions, property finance and syndicated lending.

Paul has significant offshore experience having previously worked as Counsel in the finance team of Walkers’ Hong Kong office. Prior to moving offshore, Paul worked at Allen & Overy in London from 2004 to 2011 before moving to Linklaters in Hong Kong. During his time at Allen & Overy and Linklaters, Paul undertook secondments with Barclays' legal team in London and with Standard Chartered’s leveraged finance team in Hong Kong.

Paul is regarded as one of the top offshore finance lawyers operating in Asia. His strong standing in the market is reflected by the quality of the deals on which he has been instructed, his top tier client base and his recognition in leading legal directories. He is one of ten offshore lawyers recognised for client service in Asia by Asian Legal Business in 2016 and is recommended by Legal 500.

ALBERT TANHaynes and Boone, LLP

Albert Tan is a Partner and Co-Chair of the Global Fund Financing Group with Haynes and Boone, LLP. Additionally, he serves as a member of the firm’s Board of Directors. During his career at the firm, among his lending transactions, he has represented investment and commercial banks, as agents and arrangers in more than $42 billion of subscription secured credit facilities to Asia, US, Europe, Latin America and global real estate, infrastructure, debt, buyout and energy private equity funds, including some of the first real estate private equity funds in Japan, Greater China, Singapore and Korea and some of the largest global infrastructure funds. From 1997 to 2000, while on a secondment from Haynes and Boone, Albert was based in Hong Kong and served as Chief Counsel of Greater China for Caltex Corporation, a wholly-owned subsidiary of ChevronTexaco, overseeing all legal affairs for Greater China. He has made presentations sponsored by PERE – Asia, Japan and North America, PEI-Global Alternative Investment Forum, Institutional Real Estate, Inc., PrivCap, Asia Law and Practice, Fund Finance Association Global Fund Finance Symposium, Texas A&M University of School of Law, and Southern Methodist University Cox School of Business; and is recognized as a Leading Practitioner for International Private Equity by Euromoney Expert Guide. Albert received his JD and LLM from Southern Methodist University and Georgetown University; and speaks English and Chinese (Mandarin).

WEIYU TANKKR

Weiyu Tan (Hong Kong) joined KKR in 2007 in Private Equity covering Southeast Asia, and is currently covering Greater China as of 2016. While a member of the KKR Private Equity team, Mr. Tan was actively involved in the investments in MMI, Unisteel, Yageo and in 2013, he led the structuring and execution of KKR’s investment into Qingdao Haier. In 2014, Mr. Tan moved to KKR Capital Markets Asia Limited (KCM Asia) and was responsible for the execution of equity and debt-related transactions for KKR acquisitions, KKR portfolio companies as well as third party clients in Asia. His transaction experience in Asia for both PE and KCM includes Unisteel, Qingdao Haier, Far Eastern Horizon, Yageo, Riverview, United Envirotech, Goodpack, Pioneer DJ, Weststar, Sunner, China Modern Dairy and MMI. Prior to joining KKR, Mr. Tan was with JP Morgan Securities in New York and was involved in a variety of mergers, acquisitions, leveraged finance and other corporate advisory transactions in the energy sector. He holds a B.A. in Economics from the University of Chicago.

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DAVID WASSERMANSMBC

David Wasserman is the Global Head of Subscription Secured Finance for SMBC. Mr. Wasserman's department is responsible for the origination, structuring, syndication and servicing of Subscription Facilities to Private Equity Funds across all alternative asset classes.

David's department has lent to real estate, infrastructure & energy, buyout, and credit funds with operations in Asia, Australia, Europe, and the Americas. SMBC Subscription Finance department operates with a coordinated and global coverage model and is able to support relationships in multiple legal jurisdictions. Mr. Wasserman has been with SMBC for 13 years and had previously been with Bank of America and PwC.

David has a B.S. in Applied Mathematical Economics from SUNY Oswego and a MBA and Masters of Quantitative Finance from Rutgers University.

ROBERT WAUGH National Australia Bank

Robert is the General Manager for Funds & Insurance and has a wealth of experience with client facing roles in both Asia-Pacific and Europe, having lead sales and solutions teams in London, Hong Kong and Singapore. Before joining NAB, Robert worked at Standard Chartered Bank where he ran the Insurance Solution Team globally with a particular focus on capital and risk management in local markets.

Previously Robert has led the Financial Institutions Solutions and Advisory team for ABN Amro in Asia with a focus on bank capital, ALM, FX risk management and mergers and acquisition. Prior to his move to Asia, Robert held several management positions for ABN Amro in London, including the UK institutional derivative sales team, working on alternative assets sales to Hedge Funds and novel ways of collateral management for LDI fund managers.

Robert also holds a PhD in experimental particle physics and worked as an academic physicist before joining finance in 2000.

STEVE WILLMANNTPG

Mr. Willmann is a Managing Director and the Treasurer for TPG. As Treasurer, he is responsible for financing activity of the firm and its funds, day-to-day global cash management and investment, foreign exchange risk management and hedging transactions, safekeeping of the firm’s public and private equity portfolio, counterparty risk management and general bank relationship management. Prior to joining TPG in 2007, Mr. Willmann was a Vice President at JPMorgan Chase & Co., where he spent nine years in various corporate banking roles. Mr. Willmann graduated from Texas Tech University and the Cox School of Business at Southern Methodist University, and currently serves on the Board of Trustees for Trinity Valley School.

20

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anz.com/institutionalAustralia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522.

22

Key Funds Contacts

Lee Doylelee.doyle@ashurst.com

Nick Wongnick.wong@ashurst.com

Kenneth Tangkenneth.tang@ashurst.com

Dean Morozdean.moroz@ashurst.com

Ashurst is delighted to sponsor the 1st Annual Asia-Pacific Fund Finance Symposium

Ashurst is the law firm of choice for many of the world’s leading financial institutions

First Tier Firm for Private Funds and Investment FundsLegaL 500 UK (2011 – 2016)

Law Firm of The Year – Fund StructuringBritish Private eqUity awards 2015

applebyglobal.com

For more advice about our Fund Finance practice, please contact Nicholas Davies.

Nicholas DaviesPartner852 2905 5769 ndavies@applebyglobal.com

Intelligent and insightful offshore legal advice and services. Delivered with perspective.

23

Citi Private Bank (“CPB”) is a business of Citigroup Inc. (“Citigroup”), which provides its clients access to a broad array of products and services available through bank and non-bank affiliates of Citigroup. Not all products and services are provided by all affiliates or are available at all locations. In Hong Kong, this document is issued by CPB operating through Citibank, N.A., Hong Kong branch, which is regulated by the Hong Kong Monetary Authority. In Singapore, this document is issued by CPB operating through Citibank, N.A., Singapore branch, which is regulated by the Monetary Authority of Singapore. Any questions in connection with the contents in this document should be directed to registered or licensed representatives of the aforementioned entity. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. or its affiliates.

© 2017 Citigroup Inc. All Rights Reserved.

INVESTMENT PRODUCTS: NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Wealth generates unique challenges. Citi Private Bank brings the globalnetwork of Citi with local insight to help accomplish what is important to youand to manage your wealth for generations. For an office near you, and tolearn more, visit citiprivatebank.com

Wealth should endure.

1561816_FAA AP Symposium Ad.indd 1 5/22/17 10:31 AM

A targeted approach The Asia Pacific Fund Finance Symposium (FFS) brings together the leading minds in funds and finance (just like us).

The investment management industry faces unprecedented regulatory change across the globe. Investment managers and fund operators alike seek wide-ranging knowledge and pinpoint legal advice on the ground.

Head to our website to connect with Asia Pacific's leading global lawyers: www.cliffordchance.com

Clifford Chance is a proud sponsor of the 1st Annual Asia-Pacific Fund Finance Symposium

Clifford C

hance

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Our Asia Practice

Debevoise & Plimpton LLP is a premier law firm with market-leading practices and a global

perspective. Approximately 650 lawyers work in nine offices across three continents, within

integrated global practices, serving clients around the world.

Debevoise has extensive experience in Asia of all aspects of fund-level financing transactions for

different types of investment funds and their managers.

We have been regularly representing sponsors for more than a decade in a broad range of

transactions, including subscription credit facilities, leveraged portfolio acquisition financings,

hybrid facilities that look to the net asset value of the fund’s investments, management

company liquidity facilities, and co-investment facilities that provide liquidity to fund principals

and employees.

Debevoise.com

Contacts

Hong Kong

William Y. Chuawychua@debevoise.com

Andrew M. Ostrognaiamostrognai@debevoise.com

Gavin Andersongadnerson@debevoise.com

London

Pierre Maugüépmaugue@debevoise.com

Alan J. Daviesajdavies@debevoise.com

Thomas Smithgadnerson@debevoise.com

of Australia

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FUND FINANCE

Haynes and Boone, LLP’s Fund Finance Group is a global leader in the representation of commercial and investment banks acting as agents and lead arrangers in subscription financings for private equity funds around the world. Our firm was instrumental in developing the structure and documentation for this type of financing in the early 1990’s.

Today, our clients benefit from our team’s more than 25 years of industry experience in the global subscription finance market, taking a multi-disciplinary approach to working with clients and their customers on each transaction, which includes preserving the lender-borrower relationship by conducting all negotiations with an understanding of the fund’s business issues, while preserving each fund’s relationship with its investors.

We are proud of the breadth of our team and the low turnover in our group. Most of our team members have been with us since graduation from law school, and so have developed a deep understanding of subscription financings at every level. We work seamlessly across our offices, and our Finance team is supported by lawyers in our ERISA, Tax and, as needed, Bankruptcy sections, who are familiar with the facility structure and the interests of our clients.

Austin  Chicago  Dallas  Denver  Fort Worth  Houston   London  Mexico City   New York Orange County Palo Alto Richardson  San Antonio Shanghai Washington, D.C.

© 2017 Haynes and Boone, LLP

ELLEN GIBSON MCGINNISPARTNER | CO-HEAD, FUND FINANCEEllen.McGinnis@haynesboone.com | +1 202.654.4512

TIMOTHY E. POWERS | MANAGING PARTNER

Timothy.Powers@haynesboone.com | +1 214.651.5610

ALBERT TANPARTNER | CO-HEAD, FUND FINANCEAlbert.Tan@haynesboone.com SHANGHAI +86.21.6062.6179 | NEW YORK +1 212.835.4899

JAMES WATERS | PARTNER James.Waters@haynesboone.com | +1 214.651.5366

ZOË CONNOR | PARTNER  Zoe.Connor@haynesboone.com | +44 (020) 8734 2806

EMMA RUSSELL | PARTNER Emma.Russell@haynesboone.com | +44 (020) 8734 2807

TODD CUBBAGE | PARTNER Todd.Cubbage@haynesboone.com | +1 214.651.5409

HARNEYS | Hong Kong

harneys.com | harneysfid.comHarneys’ Asia practice offers unrivalled transactional, litigation and restructuring advice regarding BVI and Cayman law, as well as a full range of corporate services through Harneys Fiduciary.

Bermuda legal services are provided through an exclusive association with Zuill & Co which is an independently owned and controlled Bermudian law firm.

AnguillaBermudaBritish Virgin IslandsCayman Islands

CyprusHong KongLondonMauritius

MontevideoSao PauloShanghaiSingapore

TokyoVancouver

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Private equity offshore.Globally.

Mourant Ozannes' holistic approach to the private equity sector is based on our ability to provide clients with offshore support at every stage of the private equity life cycle. Our fund finance team deliberately comprises both private funds and banking and finance lawyers. This combination allows us to provide specialist and detailed finance advice coupled with expert understanding of the underlying asset class. Find out more: mourantozannes.com

BVI | CAYMAN ISLANDS | GUERNSEY | HONG KONG | JERSEY | LONDON Follow us on

Alex Last Partner, Cayman Islands T +1 345 814 9243 E alex.last@mourantozannes.com

Robert Duggan Managing Partner, London T +44 20 7796 7622 E robert.duggan@mourantozannes.com

Paul Christopher Managing Partner, Hong Kong T +852 3995 5701 E paul.christopher@mourantozannes.com

Danielle Roman Partner, Hong Kong T +852 3995 5705 E danielle.roman@mourantozannes.com

Asia

Americas EMEA

www.hoganlovells.com“Hogan Lovells” or the “� rm” is an international legal practice that includes Hogan Lovells in Australia, Hogan Lovells International LLP, Hogan Lovells US LLP and their a� liated businesses. The word “partner” is used to describe a partner or member of Hogan Lovells in Australia, Hogan Lovells International LLP, Hogan Lovells US LLP or any of their a� liated entities or any employee or consultant with equivalent standing. Certain individuals, who are designated as partners, but who are not members of Hogan Lovells International LLP, do not hold quali� cations equivalent to members. For more information about Hogan Lovells, the partners and their quali� cations, see www.hoganlovells.com

© Hogan Lovells 2017. All rights reserved..

Focus.Reach. Insight.

Unrivalled global reach and balanceBringing a real di� erence to this marketA di� erence that sets us apart

Hogan Lovells covers the globe, working as one across our 50 o� ces throughout Australia, the U.S., Latin America, Africa, Asia, the Middle East, Europe and the U.K.

27

Becauseyour best interests come first...

Natixis, Corporate & Investment Banking Asia Pacific Platform

… Get the right financial solution.

Coverage & Advisory

Global Transaction Banking

Structured Financing

Capital Markets

Australia • China • Hong Kong • India • Indonesia • Japan Korea • Malaysia • Singapore • Taiwan • Thailand

Natixis is the international corporate, investment, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 31.2 million* clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.

With more than 16,000* employees, Natixis has a number of areas of expertise that are organized into three main business lines: Corporate & Investment Banking, Investment Solutions & Insurance, and Specialized Financial Services.

A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks.

* Figures as at December 31, 2016

www.cib.natixis.com

At NAB, we advocate for our customers. Our customers include the businesses that build infrastructure, the people that deliver services through that infrastructure, investors and funds.

Our role is to bridge the connections of businesses across Australia, New Zealand and Asia, which goes beyond �nancing projects.

With 150 years of Australian expertise, and nearly 50 years of operations in Asia, our market strength allows us to have a powerful and unique perspective.

If you want to �nd out more about how NAB can help your business visit nationalaustraliabank.com

CONNECTINGBUSINESS ACROSS CONTINENTS

© 2017 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 A133248-0117

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We Proudly Support the

Fund Finance Association and the 1st Annual Asia-Pacific Fund Finance Symposium

N E W Y O R K B E I J I N G H O N G K O N G H O U S T O N L O N D O N L O S A N G E L E S PA L O A L T O S Ã O PA U L O S E O U L T O K Y O WA S H I N G T O N , D . C .

Contact us at +852 2230 6688 www.svb.com

The leading fund financing bank in Asia

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Est. 1964

BERMUDA | BRITISH VIRGIN ISLANDS | CAYMAN ISLANDS | DUBAI | GUERNSEY | HONG KONG | IRELAND | JERSEY | LONDON | SINGAPORE

www.walkersglobal.com Global Legal and Professional Services

Walkers works in exclusive association with Taylors in Bermuda, a full service commercial law firm providing advice on all aspects of Bermuda law.

Exceptional PerformanceWalkers have acted on some of the first subscription financings in Asia and since then, we have been at the forefront of the development of fund finance products in the region representing both lenders and borrowers. The depth of offshore finance and funds law expertise within the global Walkers network and in our Asian offices is unmatched by other offshore law firms, allowing us to deliver expert, market specific, same time zone advice, wherever our clients may be located.

39496SCGBM_Hydro_SC Mag_130x185_28 May_Inc.ai 1 26/5/17 5:12 PM

Board of Directors

Jeff JohnstonChairmanManaging DirectorWells Fargo Securities LLCjeff.johnston@wellsfargo.com+1 704 410 2452

Nick MitraFirst Vice ChairmanExecutive DirectorNatixisnick.mitra@us.natixis.com+1 212 891 6218

Mike MasciaSecretaryPartnerCadwalader, Wickersham & Taft LLPMichael.Mascia@cwt.com+1 704 348 5160

Terry HattonTreasurerManaging Director and Group Head, Fund Finance GroupMUFG Union Bank, N.A.terence.hatton@unionbank.com +1 646 452 2113

Jeff Maier Vice ChairmanManaging DirectorFirst Republic Bankjmaier@firstrepublic.com+1 646 489 5230

Mary TouchstoneVice ChairmanHead of Fund Finance Practice Simpson Thacher & Bartlett LLPmtouchstone@stblaw.com+1 212 455 2549

Content Committee

Nick MitraCo-ChairExecutive DirectorNatixis

Dee Dee SklarCo-ChairManaging DirectorWells Fargo Securities, LLC

ANZ

Appleby

Ashurst LLP

Clifford Chance LLP

Commonwealth Bank of Australia

Harney Westwood & Riegels

Haynes and Boone, LLP

Hogan Lovells

Mourant Ozannes

Natixis

Simpson Thatcher & Bartlett LLP

Sumitomo Mitsui Banking Corporation

Walkers

Wells Fargo Securities, LLC

FFA LEADERSHIP

Marketing Committee

Jeff JohnstonCo-ChairManaging DirectorWells Fargo Securities, LLC

Nick MitraCo-ChairExecutive DirectorNatixis

Haynes and Boone, LLP

Mourant Ozannes

Natixis

Wells Fargo Securities, LLC

30

NOTES

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NOTES

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36

www.fundfinanceassociation.com info@fundfinanceassociation.com

The Fund Finance Association (FFA) is a non-profit industry association in the fund finance market, co-located in New York, New York and Charlotte, North Carolina.

Our core mission is to;• Educate members, legislators, regulators, and other constituencies about the fund finance

market and related capital markets through conferences and other events.• Build the broadest consensus among members on policy, legal, regulatory and other matters

affecting or potentially affecting the fund finance market and related capital markets.• Advocate on behalf of the fund finance industry with respect to policy, legal, regulatory and other

matters affecting or potentially affecting the fund finance market and related capital markets.