www.globalfundmedia.com | 1The debT forum November 13 2013

The debT forum agenda

09:00 Arrival & registration

09:30 Opening keynote address: CLO’s – The European Landscape Fabrice Susini, Global Head of Securitisation, BNP Paribas

09:50 Panel discussion: How do debt funds and CLOs co-exist in today’s market? Chair: James Williams, Managing Editor, Global Fund Media •DagmarKent-Kershaw,HeadofCreditFundManagement,IntermediateCapitalGroup •MartinSharkey,SeniorAssociate,Banking&Finance,CapitalMarkets,CliffordChance •NeilBasu,ManagingPartner,CEOandFounder,PearlDiverCapital •AndrewBellis,ManagingDirector,DebtManagement,3iGroup

10:35 Panel discussion: A case study – How to construct a debt fund Chair:StuartDraper,SeniorSalesandRelationshipManager,BNPParibasSecuritiesServices •RossYoungs,HeadofSales,ChannelIslands&IsleofMan,BNPParibasSecuritiesServices •RaviAnand,HeadofCorporateFinance,DexionCapital •TimWest,Partner,HerbertSmithFreehills •JonathanBowers,PartnerandSeniorPortfolioManager,CVCCreditPartners

11:15 Coffee break

11:30 Panel discussion: What risks do regulations pose to Europe’s CLO market? Chair:AntoineChausson,SeniorStructurer,AssetSecuritisationGroup,BNPParibas •SteveBaker,StructuredCreditGroup,ApolloGlobalManagement •JamesWaddington,Partner,Dechert •ColinAtkins,ManagingDirectorandHeadofEuropeanStructuredCredit,CarlyleGroup

12:20 How should one rate debt funds from a risk management perspective? AlastairSewell,Director,FitchRatings

12:45 Networking lunch

14:00 KKR perspectives on European direct lending MarcCiancimino,ManagingDirectorandGlobalHeadofMezzanine,KKRAssetManagement

14:20 Panel discussion: The institutionalisation of Europe’s direct lending space – opportunities and risks

Chair:DavidBell,ManagingDirector,BNYMellon •PascalMeysson,DirectLending&Mezzanine,Alcentra •DhruvSharma,Director,AssetSelection,StrategicAssetPartners •ChristopheVuilliez,ManagingDirectorofPrivateDebt,Ardian(AXAPrivateEquity) •LucetteYvernault,EuroCreditFundManager,Schroders

15:10 What are the key considerations for managers when structuring Direct Lending vehicles?

AronJoy,ManagingAssociate,Simmons&Simmons

15:30 Coffee break

15:50 Panel discussion: How should Direct Lending fit into Investors’ long term portfolio allocation?

Chair: James Williams, Managing Editor, Global Fund Media •MickVasilache,SeniorPortfolioManager,ChenavariCapital •AndrewMcCullagh,Co-HeadofOrigination,HayfinCapitalManagement •MikeDennis,ManagingDirector,AresManagement •FredNada,HeadofResearchforCreditAlternatives,BluebayAssetManagement

16:40 Wrap up and close ÖrnGreif,HeadofDebtBusinessDevelopment,BNPParibasSecuritiesServices

17:00 Networking drinks reception

• 3iGroup• Accola• Alcentra• ApolloGlobal

Management• Ardian(AXAPrivateEquity)• AresManagement• AvocaCapital• BlackRock• BlueBayAsset

Management• BlueMountainCapital• Börsen-Zeitung• BNPParibasSecurities

Services• BNYMellon• BoodleHatfield• CarlyleGroup• ChenavariCapital• Citco• Citi• CliffordChance• Cuatrecasas,Gonçalves

Pereira• CVCCreditPartners• DebtWireABSEurope• Dechert• DexionCapital• DLAPiperUK• ERSEL• EuropeanCapital• FitchRatings• GalenaAssetManagement

• GrantThornton• HalcyonAsset

Management• HarbourVest• HayfinCapital

Management• HerbertSmithFreehills• HutchinHillCapital• IntermediateCapitalGroup• KKRAssetManagement• KleinwortBenson• KPMG• M&G• MaltaFinancialServices

Authority• Mirabaud&Cie• MonardD’HulstBrussels• OaktreeCapital• PearlDiverCapital

Management• Preqin• Rothschild• Simmons&Simmons• SIXFinancialInformation• Schroders• SourceUKServices• StateStreet• StormHarbourSecurities• StrategicAssetPartners• TikehauCapital• TMFGroup• U.S.Bank• Walkers

sponsored by

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The Debt ForumCLOs & Direct Lending Funds

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fabrice Susini, global head of Securitisation, bnP ParibasBased in London since 2000, Fabrice manages a team of professionals in New York, London, Paris, Milan, Hong-Kong, Tokyo and Brussels who are involved in structuring, evaluating and managing ABS and structured securities. Fabrice joined BNP Paribas

in 1997 and since then has originated, led and structured major securitisation transactions with a wide range of assets for corporate and financial institutions.

James Williams, managing editor, global fund mediaJames joined Global Fund Media in June 2010, working on Hedgeweek, a fully digital newswire service that covers all aspects of the global hedge fund industry. He reports on key developments spanning fund performance and strategy, legal and

regulatory issues, technology and risk management. James has also contributed articles to the Financial Times, International Financial Review Asia, and Dow Jones Financial News.

dagmar Kent-Kershaw, head of Credit fund management, Intermediate Capital groupDagmar joined ICG in 2008 from Prudential M&G where she worked for the previous seven years as Head of Structured Products, having originally founded that business. She was previously responsible for Prudential

M&G’s debt private placement business. She has extensive experience of the sub-investment grade credit and structured finance markets and has over 20 years experience in fixed income markets, also at Scotiabank and Natwest.

martin Sharkey, Senior associate, banking & finance, Capital markets, Clifford Chance Martin joined Clifford Chance in 2003, and is experienced in advising on structured finance transactions. In particular he specialises in CLOs and has advised collateral manager, arranger and investor clients.

Indranil (neil) basu, managing Partner, Ceo and founder, Pearl diver CapitalNeil has over 20-years experience in structured finance, fixed income and credit. Prior to founding Pearl Diver Capital, Neil was Managing Director and Head of Structured/Securitised Credit business at Wachovia

Securities (now Wells Fargo) in London and a member of Wachovia’s European fixed income operating committee. Prior to Wachovia, Neil was Managing Director and Head of the Structured Credit business at Nomura Securities in London.

andrew bellis, managing director, debt management, 3i groupAndrew is responsible for the strategic growth of the business. Before joining 3iDM in July 2012, he ran the global CLO new issue business at Credit Suisse. Prior to that Andrew held a number of roles at Bank of America Merrill Lynch from 2003, including

running the European CLO and alternative fund structuring group and the illiquid structured credit trading business in Europe. Andrew has a total of 15 years of experience of structuring and raising loan and credit funds for asset managers and his teams have won numerous awards.

Stuart draper, Senior Sales and relationship manager, bnP Paribas Securities ServicesStuart previously set up and managed the structured products and loan solutions group and, as a result, offers his clients significant insight into the loan market and related administrative activities. Stuart joined BNP Paribas

Securities Services in April 2006 having previously worked for JPMorgan.

ross Youngs, head of Sales, Channel Islands & Isle of man, bnP Paribas Securities ServicesRoss has over 13 years of experience in alternative fund structures covering private debt, equity, real estate and hedge funds. He works with a variety of promoters in the UK, Continental Europe, North and South America and

Australia launching open or closed ended funds, including several LSE listed debt funds and private debt structures.

ravi anand, head of Corporate finance, dexion CapitalRavi formed a partnership with Dexion Capital in 2010 which merged into Dexion Capital in 2011. Ravi has over 21 years of financial services experience and a wide ranging experience of managing and developing asset management businesses (both long-

only and alternatives) over the past 16 years, as well as leading corporate and other transactions, both as principal at New Star Asset Management and Flemings, and as an adviser at HSBC Investment Bank.

Tim West, Partner, herbert Smith freehillsTim specialises in investment funds and asset management and has been involved in establishing, restructuring and providing ongoing advice to a wide range of public and private funds covering a broad range of asset classes. Tim also acts for underwriters in relation

to fundraising by investment funds. Tim is listed in Financial News’ 40 Under 40 Rising Stars of Hedge Funds 2011.

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Jonathan bowers, Partner and Senior Portfolio manager, CVC Credit PartnersJonathan founded CVC Cordatus in 2006, coming from the European leveraged finance group at Deutsche Bank (Bankers Trust) where he was a senior director originating and structuring numerous finance deals for

leveraged buyouts. Prior to this Jonathan worked in M&A at Charterhouse Bank.

antoine Chausson, Senior Structurer, asset Securitisation group, bnP ParibasAntoine originates, structures and closes liquidity, balance sheet and regulatory capital transactions with a focus on deleveraging and co-investments across structured finance, export finance and corporate

portfolios. He is also one of the leading front office bankers involved in advocacy on securitisation regulatory developments in Europe. Antoine has held extensive trading, structuring and marketing responsibilities on cash and derivatives activities across rates, fx, credit and equities during his career in the BNP Paribas group.

Steve baker, Structured Credit group, apollo global managementBefore joining Apollo in January 2013, Steve was a technical specialist in structured finance at the FSA in London (and represented the UK at the EBA securitisation subgroup). Prior to that he ran the structured finance solutions business for EMEA and the

Americas for Standard Chartered Bank in London. Before that Steve was at Lehman Brothers in the CLO

Banking group where he co-managed the CLO origination business in New York. He also worked at Natixis and CIBC in New York in structured finance.

James Waddington, Partner, dechertJames advises commercial and investment banks and private equity and hedge fund clients in connection with finance and derivative transactions, CLOs, credit default swaps, complex lending arrangements, debt and equity offerings,

securitisations, insolvency and restructuring matters. He also advises on fund formation matters and fund investments.

Colin atkins, managing director and head of european Structured Credit, Carlyle groupColin joined Carlyle Group in London in 2004 as Head of Credit for the European leveraged finance business, a role in which he worked on many notable transactions, before taking on his current position. Colin came

to Carlyle from Prudential M&G where, between 1999 and November 2004, he helped establish Prudential M&G’s leveraged finance platform, which became a market leader in the European institutional market.

Colin previously worked in corporate private placements at PPM America in Chicago and held positions in Prudential M&G’s Corporate Tax and Treasury departments.

alastair Sewell, director, fitch ratingsAlastair’s primary areas of responsibility are credit asset manager research and debt fund ratings. He was previously a CLO asset manager analyst in Fitch’s structured credit group, and began his career as a CDO rating analyst.

marc Ciancimino, managing director and global head of mezzanine, KKr asset managementMarc joined KKR (London) in 2008 with particular responsibility for the European dimension of KKR Mezzanine Partners. Prior to KKR he was with GSC Group in their European

Mezzanine business where he was a Managing Director responsible for sourcing and evaluating middle and large market transactions. After spending several years in the leveraged finance group of Bankers Trust, Marc moved to the principal side in 1999, investing in European mezzanine for Prudential in London as an Associate Director. Marc started his career in finance at Citibank.

david bell, managing director, bnY mellonDavid joined BNY Mellon in 2005 and is currently responsible for EMEA corporate trust relationships with investment managers, hedge funds and private equity clients for structured products. Previously within BNY Mellon he has held managerial positions for

CDO client servicing and Head of Operations. David has over 25 years experience in the financial industry. Prior to BNY Mellon he held positions at Goldman Sachs and JP Morgan covering front, middle and back office disciplines.

Pascal meysson, direct Lending & mezzanine, alcentraPascal is involved in fund management, origination and investment. Prior to joining Alcentra, Pascal spent a number of years with Deutsche Bank’s leveraged finance and financial sponsors group and was involved in structuring, arranging, and

underwriting large LBOs and leveraged corporate financings across Europe.

Pascal previously pursued a career in M&A and corporate finance with Lazard, CCF Charterhouse and Dresdner Kleinwort Benson, focusing primarily on the execution of large public transactions.

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The debT forum November 13 2013

dhruv Sharma, director, asset Selection, Strategic asset PartnersDhruv is involved primarily in real estate, infrastructure, and private equity transactions. Dhruv has experience in late-stage Chinese private equity funding and development of the Chinese institutional market.

Christophe Vuilliez, managing director of Private debt, ardian (aXa Private equity)Before joining AXA Private Equity in 2007, Christophe worked for AXA Investment Managers as a Portfolio Manager in a LBO and Corporate debt fund. Previously, he spent 7 years within BNP Paribas where he held

several positions in leverage finance (mid cap division) and in private equity (PAI Hong Kong & BNP Paribas Principal Investments).

Lucette Yvernault, euro Credit fund manager, SchrodersLucette joined Schroders in 2005 and is responsible for European investment grade strategies. Prior to that, she worked as Vice President responsible for CAM Global Credit mandates from 2003. She undertook management of Citigroup European currencies fund

and Citigroup European currencies corporate fund. She also ran institutional and retail European investment grade mandates for EUR, GBP and USD corporate strategies.

aron Joy, managing associate, Simmons & SimmonsAron joined Simmons & Simmons in 2004 and qualified into the corporate tax group in March 2006. His broad based practice encompasses all aspects of funds (UK, non-UK traditional, alternative and retail) and other investment products, as well as

banking and structured finance transactions, derivatives, real estate (including structured real estate transactions) and corporate M&A and restructurings. Aron advises numerous high profile clients across a variety of sectors, with an emphasis on clients in the asset management and investment funds and financial institutions sectors.

mick Vasilache, Senior Portfolio manager, Chenavari CapitalMick started his career in Morgan Stanley’s fixed income division in New York and came to Europe in 2000 with JP Morgan Chase in order to develop the European leveraged buyout market. Mick moved to the buy-side in 2003 and prior to Chenavari he developed

and ran the European Leveraged Credit Fund at AIM. Prior to that Mick was the senior leveraged credit analyst at Elgin Capital.

andrew mcCullagh, Co-head of origination, hayfin Capital managementPrior to joining Hayfin, Andrew spent nine years at Merrill Lynch, where he was most recently Head of the European Leveraged Finance business, with responsibility for the origination, execution, capital markets

and syndicate functions. He was a member of the European Investment Banking Operating Committee. Before his time at Merrill Lynch, Andrew was a senior member of the leveraged finance teams at Bankers Trust (from 1998 to 1999) and Deutsche Morgan Grenfell (from 1990 to 1998).

mike dennis, managing director, ares managementMike is responsible for the Ares European private debt group and also sits as an investment committee member. He joined Ares in 2007 from Barclays where he was a Director in the financial sponsor leveraged finance team responsible for UK origination.

fred nada, head of research for Credit alternatives, bluebay asset managementFred joined BlueBay’s high yield and special situations team in July 2007. In his role, Fred has been analysing investments, leading restructurings, refinancing and disposals of portfolio companies. Prior to joining BlueBay,

Fred was a Director of Credit Suisse’s special situations group where he worked from 2005. Fred was involved in sourcing, analysing, arranging and managing investments across Europe.

Prior to this, Fred was at Merrill Lynch from 2001 to 2005 where he was a Vice President in the special situations group focusing on distressed situations. Before joining Merrill Lynch, Fred worked as a trader at Cogetex, a Geneva-based commodity trading company.

Örn greif, head of debt business development, bnP Paribas Securities ServicesÖrn joined the BNP Paribas group in 2001, within corporate & investment banking to originate, structure, and syndicate securitised products. In 2012, he was appointed to his current role, providing issuer & arranger clients with

administration services for international & domestic bonds as well as structured debt.

Örn has nearly two decades experience in debt capital markets having previously worked for Nomura International and Barclays Capital in London, New York and Paris. He has executed securitisations of whole businesses, trade receivables, consumer & auto loans, residential & commercial mortgages for issuers across Europe and North America.

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