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ILPA Private Equity Legal Conference

Conference Dates, Location and Fees

Location: Convene, 1201 Wilson Blvd, Arlington, VA 22209, USA

Dates: April 2 & 3, 2019

Fees:
Members: $149.00 USD
Non-Members: $299.00 USD

 

Accommodations

ILPA has not reserved a specific room block for the event; please see below for a list of hotels within a 10 minute walk.

Hyatt Centric

Residence Inn by Marriott

Le Méridien Arlington

Program Overview

Join the Institutional Limited Partners Association (ILPA) and your peers in the Limited Partner legal community for our inaugural Private Equity Legal Conference in the Washington, D.C metro area. In a first-of-its-kind event, we are providing the opportunity for legal and compliance professionals across ILPA’s diverse geographic reach and LP institutions to meet their peers and learn and discuss trending legal topics in the private equity industry.

This year’s content will be driven by ILPA’s Legal Advisory Council of LP in-house counsel and will include a strong overview of ILPA’s soon to be released Model Limited Partnership Agreement, as well as discussions on LPA terms and negotiation strategies, all while earning CLE credit. The  ILPA Private Equity Legal Conference is the only conference that unites LP legal professionals across the variety of LP institutions that are our members, including public and private pensions, endowments, foundations, insurers and sovereign funds.

 

April 2, 2019

2:00pm – 2:10pm

Welcome & ILPA Update

Convene, 1201 Wilson Blvd Arlington, Virginia

2:10pm – 2:25pm

ILPA Legal Network Overview

2:25pm – 3:20pm

State of Private Equity Legal Terms in 2019

3:20pm – 4:15pm

ESG Investing in Private Equity

4:15pm – 4:35pm

Networking Break

4:35pm – 5:35pm

Don’t Go Chasing Waterfalls: Trends in Fund Economic Terms

5:35pm - 7:30pm

Welcome Reception

April 3, 2019

8:00am - 8:30am

Breakfast

Convene, 1201 Wilson Blvd, Arlington, VA 22209, USA

8:30am - 9:00am

What’s New with ILPA? Policy & Best Practices in 2019

9:00am – 9:55am

Is the Rent Too High?: Fee & Expense Disclosure in 2019

9:55am – 10:50am

Downside Risk: Why Fiduciary Duty Matters in an Economic Downturn

10:50am – 11:10am

Networking Break

11:10am – 12:00pm

Remedies: Make Sure You’re Protected Against Downside Risk in Your Partnership Agreement

12:00pm – 12:30pm

Fireside Chat with Paul Cellupica, Chief Counsel, Division of Investment Management, U.S. Securities & Exchange Commission

12:30pm - 1:30pm

Lunch

1:30pm – 2:25pm

Adventures in Fund Structures: Co-Investment, SMAs and Funds of One

2:25pm - 3:20pm

Balance of Power: The Advisory Committee and the Powers of the General Partner

3:20pm – 3:40pm

Networking Break

3:40pm – 4:35pm

Shhhh: How to Handle Confidentiality of Limited Partnership Agreements

4:35pm

Closing Remarks

Semma Arzapalo

Partner, Pillsbury Winthrop Shaw Pittman LLP

Semma Arzapalo is a partner in Pillsbury’s Los Angeles office. She represents large institutional investors in negotiating investment terms in commingled private equity, hedge fund and real estate funds, and in restructuring private equity investments and real estate investments. Ms. Arzapalo advises institutional investors in separate account strategies, fund of one strategies, co-investments and direct investments. She advises institutional investors in the sale and purchase of partnership interests on the secondaries markets and was named one of the “Most Influential Minority Attorneys” by the Los Angeles Business Journal. Ms. Arzapalo received her J.D. at the University of Michigan Law School.

Lisa Becker

Chief Operating Officer and Chief Compliance Officer, University of Toronto Asset Management Corporation

Lisa joined UTAM in 2010; areas of responsibility include finance, human resources, information technology, legal and compliance, investment operations and operational risk and due diligence. Lisa is an active member of the Portfolio Management Association of Canada, a member of the Pension Investment Association of Canada’s Investor Stewardship Committee, and a board director of the Responsible Investment Association of Canada chairing its Governance Policy Committee. Lisa has almost 20 years of experience in regulatory compliance; previously providing compliance consulting and project management services to institutional investment advisory and portfolio management firms. She has prior experience in financial accounting roles, insolvency, and audit in Canada and the UK. Lisa is a Fellow of the Institute of Chartered Accountants in England & Wales and has an undergraduate degree in Accounting (B.A. Hons) from the University of Kent.

Todd Boudreau

Partner and Business Lawyer , Foley & Lardner LLP

Todd Boudreau is a partner and business lawyer with Foley & Lardner LLP and the chair of the Private Funds & Buyout Practice and vice chair of the firm’s Private Equity & Venture Capital Practice. Todd's work includes all aspects of fund formation and compliance, investment management, and acquisition and divestiture work, including investments in and formation of private funds, single investor funds, co-investments, and direct investments, as well as acquisitions and divestitures for both U.S. and international company transactions.

Edyta Brożyniak

Partner, MJ Hudson

Edyta is a partner at MJ Hudson, the law firm and asset management consultancy, which provides expertise and infrastructure support to fund managers, investors and other specialists in the asset management industries Edyta advises on fund formation of private equity funds, co-investments, and on investor negotiations. Edyta joined MJ Hudson’s team of lawyers in May 2017. Prior to joining MJ Hudson, she worked at Macfarlanes LLP and before that she trained and practiced at Ashurst LLP. She was also on secondment to Schroders, advising on investment management agreements. Edyta attended the Jagiellonian University in Krakow, Poland where she studied Law. She is admitted as a solicitor in England and Wales. She has no unusual hobbies.

Michael Cappucci

Senior Vice President for compliance and sustainable investing , Harvard Management Company

Michael Cappucci is the senior vice president for compliance and sustainable investing of Harvard Management Company (HMC). He joined HMC in 2012. Michael is part of the compliance group that supports HMC’s investment activities. In this capacity, he oversees the legal review of HMC’s private fund investments and public markets activity. He also helps manage HMC’s sustainable investment program, where he focuses on integrating ESG factors in HMC’s private fund investments. Prior to joining HMC, Michael served in the Fidelity Investments legal department, and as an associate in the private funds group at Ropes & Gray LLP. Michael holds a J.D. from the University of Virginia School of Law and a B.A. in philosophy from Tufts University.

Paul Cellupica

Deputy Director of the Division of Investment Management , U.S. Securities and Exchange Commission

Paul G. Cellupica has been Deputy Director of the Division of Investment Management at the U.S. Securities and Exchange Commission (“SEC”) since November 2017, and became Chief Counsel of the Division in June 2018. From 2014 to 2017 he was Managing Director and General Counsel for Securities Law at Teachers Insurance and Annuity Association of America (“TIAA”). From 2004 through 2014 he worked in the Law Department of MetLife, Inc. in various senior roles, including as Chief Counsel for the Americas. Between 1996 and 2004, Mr. Cellupica served at the SEC in a number of capacities in the Division of Investment Management and the Division of Enforcement. From 2001 to 2004, he was Assistant Director in the Division of Investment Management, where he oversaw rulemaking initiatives related to disclosure provided by mutual funds, closed-end funds, and variable insurance products. Mr. Cellupica has a B.A. magna cum laude from Harvard College and a J.D. cum laude from Harvard Law School, and was a law clerk for Judge David Nelson of the U.S. Court of Appeals for the Sixth Circuit.

Won-Han Cheng

Partner, K&L Gates LLP

Won-Han focuses her practice on federal, state, and international tax issues for both foreign and domestic clients, including public and private corporations, partnerships, and limited liability companies. In the last ten years, she has worked extensively in the area of alternative investments, assisting institutional investors with tax and economic issues related to investments in commingled pooled investment funds, including private equity funds, hedge funds, venture capital funds, and real asset funds. Won-Han has also worked on structuring significant and unique relationships with investment managers.

Jennifer Choi

Managing Director, Industry Affairs, ILPA

As Managing Director of Industry Affairs for the Institutional Limited Partners Association (ILPA), Jennifer Choi directs the association’s engagement with external industry stakeholders to inform and enhance ILPA’s education, research, membership and advocacy platforms. Ms. Choi also leads the implementation of ILPA’s responses to emerging issues impacting the asset class, including efforts to establish and promote industry best practices. Prior to joining the ILPA, Ms. Choi served as Vice President of Industry and External Affairs for the Emerging Markets Private Equity Association (EMPEA), where she led the association’s member and industry engagement activities, including efforts to encourage policy frameworks that support the growth of the asset class. As EMPEA’s Research Director, she built the industry’s first global database of private equity activity in the emerging markets. A frequent speaker and commentator on the industry, Ms. Choi also oversaw the association's media communications and global institutional partnerships. Previously, Ms. Choi was a consultant with Boston-based Stax Inc., leading due diligence engagements and providing advisory services for the U.S. private equity and venture capital industry. Jennifer holds a Masters in Law and Diplomacy from the Fletcher School at Tufts University and a B.A. summa cum laude in Economics and Political Science from Augustana College.

Marian Dietrich

Vice President and General Counsel, The Hillman Company

Marian Dietrich is Vice President and General Counsel of The Hillman Company. She joined the Company in 1990 as Counsel. The Hillman Company is a fully integrated family office and investment holding company owned by the Hillman family. The Hillman Company provides investment advisory and other services to Hillman family members, a number of Hillman family trusts and a private foundation. Because The Hillman Company has more than 100 years of experience in private equity investing, the portfolios that it manages reflect significant commitments to this asset class.

Isabel Dische

Partner, Ropes & Gray LLP

Isabel Dische is a partner in Ropes & Gray’s asset management group and co-head of the firm’s institutional investor practice. She represents a number of large asset managers and institutional investors (both U.S. and non-U.S.) and sovereign investors with respect to their private equity, commodity, infrastructure, real estate, credit and hedge fund investments. She also regularly advises clients in connection with coinvestment and secondary transactions, including both classic secondary transactions and ‘structured’ secondary transactions such as GP recapitalizations and preferred equity transactions.

Jonathan Ellison

Senior Investment Counsel , University of Texas Investment Management Company (UTIMCO)

Jonathan Ellison is a Senior Investment Counsel at University of Texas Investment Management Company (UTIMCO) where he manages the legal documentation for the organizations investments. Prior joining UTIMCO in 2013 Jon worked in the fund formation practices as a large New York law firm and is admitted to the New York and Texas bars.

Chris Hayes

Senior Policy Counsel , ILPA

Christopher Hayes currently serves as the Senior Policy Counsel of the Institutional Limited Partners Association (ILPA) and leads day-to-day advocacy efforts for the organization in the United States & Europe. The ILPA is the primary association of institutional investors investing in private equity, including public and corporate pensions, insurance companies, endowments and family offices, while and representing over $2 trillion in assets globally. In addition to his advocacy role, Chris leads the ILPA limited partnership agreement simplification project. Prior to joining ILPA, Chris served as General Counsel and co-led the government affairs team for the Small Business Investor Alliance (SBIA), a trade association representing U.S. middle market private equity funds and investors, and the business development company (BDC) industry. Previously, Chris worked as a regulatory counsel at the Financial Services Institute, representing broker-dealers and investment advisers, and at FINRA leading insider trading investigations and market surveillance for U.S. stock exchanges. Chris also previously served as a legal fellow on the U.S. Senate Committee on Banking, Housing & Urban Affairs. Chris holds a Juris Doctor from the University of San Diego School of Law, and a B.A. in political science and legal studies from the University of Massachusetts, Amherst. He is a member of the Law Alumni Board of the University of San Diego and is admitted to practice law in California and the District of Columbia.

Maureen M. Hazen

General Counsel , State Board of Administration of Florida (SBA)

Maureen M. Hazen is the General Counsel of the State Board of Administration of Florida (SBA). The SBA manages over $196 billion in assets, including the assets of the Florida Retirement System (FRS) Trust Fund, the fifth largest public pension fund in the United States. She serves as the chief legal advisor to the Executive Director & CIO and staff of the SBA. Her duties include the review and negotiation of all SBA contracts for investments and other services; management and oversight of SBA litigation; supervision of the legal activities of external firms performing legal services for the SBA; and research and preparation of legal opinions and reports. Prior to becoming General Counsel, Ms. Hazen served as Deputy General Counsel and as Assistant General Counsel with the SBA. Ms. Hazen practiced corporate, mergers and acquisitions and securities law with McGuireWoods LLP in Jacksonville, Florida and corporate, transactional and administrative law with Vezina, Lawrence & Piscitelli, P.A. in Tallahassee, Florida. She is a member of The Florida Bar and National Association of Public Pension Attorneys (serving on the Investment Steering Committee). Ms. Hazen holds a JD, with Honors, from the University of Florida, Levin College of Law where she was inducted into the Order of the Coif and holds a BS in Finance, with Highest Honors, from Florida Atlantic University.

Mary Hornby

Managing Director and General Counsel , Abbott Capital Management, LLC

Ms. Hornby has 22 years of experience in private equity matters and assists the investment team in the review, legal analysis and negotiation of underlying fund investments and directs all legal aspects relating to the formation and maintenance of Abbott’s pooled investment funds. In addition, Ms. Hornby assists in the legal aspects of daily operations, including client relationships and contracts, regulatory compliance and internal corporate structuring matters. Prior to joining Abbott in 2005, Ms. Hornby was Counsel and a member of the Private Equity Group at Testa, Hurwitz & Thibeault, LLP, representing investment advisers, funds of funds, public pension plans and other limited partner investors, as well as general partner groups, in all aspects of private equity fund formation. Ms. Hornby received her B.A., magna cum laude, from Boston College and her J.D. from Boston College Law School. She is a member of the Bar of the Commonwealth of Massachusetts.

Joseph Indelicato

General Counsel , New York State Teacher’s Retirement System (NYSTRS)

Joseph J. Indelicato, Jr. was appointed General Counsel of the New York State Teacher’s Retirement System (NYSTRS) in January 2013. Mr. Indelicato joined NYSTRS in 2001 as an Assistant General Counsel. With assets approaching $120 billion and over 430,000 members, NYSTRS is one of the 10 largest pension funds in the nation and among the 30 largest globally. As General Counsel, Mr. Indelicato oversees the legal department, which is responsible for protecting the System’s legal rights, advising the System on legal, regulatory and compliance matters, and interpreting the statutes that govern the System. In this role, Mr. Indelicato advises staff on corporate governance matters, including stock proxy voting for the System’s domestic and international equity portfolios. Mr. Indelicato is also a member of the System’s MWBE steering committee where he advises on the MWBE compliance matters and along with committee members is responsible for planning the System’s annual MWBE investments and professional services conference. Prior to joining NYSTRS, Mr. Indelicato was the General Counsel of Garden Way Incorporated, the former Troy, NY manufacturer of Troy Bilt and Bolens outdoor power equipment and Stairmaster exercise equipment. Mr. Indelicato is a cum laude graduate of Boston College where he received his bachelor’s degree and Syracuse University College of Law where he received his law degree. Mr. Indelicato is a member of the National Association of Public Pension Attorneys where he serves on both its Fiduciary and Plan Governance Committee and the Investment Committee; a member of the Institutional Limited Partner Association (“ILPA”) Legal Advisory Council and the American Bar Association Institutional Investor Committee. Mr. Indelicato is also a long standing member of the New York State Bar Association.

Greg Jania

Head of Fund Investments , APG Asset Management

Greg is the Head of Fund Investments at APG, a Dutch asset manager, with €450 billion of AUM and approximately €40 billion in commitments to PE. APG makes annual commitments of €6-7 billion per year globally. Fund investments range from $100 to $1 billion and co-investments from $50 million to $250 million. Prior to joining APG, Greg was a Partner at WP Global Partners and previously held positions in private equity at GE Capital and First Chicago Capital Corporation. Greg received an M.B.A. from the University of Chicago and earned a B.A. in political science and economics from Wabash College.

Amy Johnson-Spina

Partner, Torys LLP

Amy is a long-time advisor to many leading global institutional investors and fund sponsors, with extensive experience in U.S. and international private equity and other alternative asset transactions. Amy has a loyal following of clients whom she advises on their investments across the alternative asset class in a variety of sectors through pooled and separate account structures. Capitalizing on her expertise with respect to current market terms based upon her extensive representation of investors, Amy also represents fund sponsors on a broad range of issues relating to the forming of their private investment funds.

Michael Jordan

Managing Partner, Ice Miller LLP

Michael Jordan is a managing partner of Ice Miller LLP, where he also leads the firm’s Alternative Investments team. The team’s practice consists of exclusively investor-side representation of a variety of institutional investors, such as public retirement systems, banks, investment advisers, church plans, college and university endowments, insurance companies and family offices in all aspects of their alternative investments programs. Over the past two decades, the team has negotiated thousands of investments across a diverse range of strategies in transactions of all sizes. They also represent investors in debt and equity direct investments and co-investments, secondary sales and acquisitions, and in protecting investments in troubled funds.

Ed Klees

Partner, Hirschler

Ed Klees leads Hirschler’s representation of university endowments, foundations, family offices and OCIOs, as well as pension plans and other institutional investors. Ed a member of ILPA’s steering committee on the adoption of model limited partnership forms. He is former chair of the American Bar Association’s Institutional Investors Committee and has taught a course on private equity and hedge funds at the University of Virginia Law School. He is the author of numerous articles, including “How Safe Are Institutional Assets in a Custodial Bank’s Insolvency?”, the leading paper on bank custody law. He also is co-author, with Nobel Prize winner H. Robert Horvitz, Ph.D., of Connecting with Companies (2nd edition, 2014). Ed’s biography is at https://www.hirschlerlaw.com/team-ed-klees.

Mark Lasee

Partner, Kutak Rock

Mark Lasee is a member of the firm’s National Institutional Investments Group and represents institutional clients concerning their investments in private markets. He has represented governmental pension plans in placing over $1 billion of their assets in domestic and offshore deals. Mark’s alternative investment representation, includes all sorts of private equity, hedge fund, commingled real estate and infrastructure transactions for investors in international and domestic funds. Such activities include the negotiation of limited partnership agreements, subscription agreements and side letters, addressing regulatory and investment policy compliance and ensuring investment staff’s business deal terms are fully realized.

Marc Lieberman

Chair of the Institutional Investments Group , Kutak Rock LLP

Marc Lieberman is Chair of the Institutional Investments Group of Kutak Rock LLP, which represents government retirement systems in connection with their private equity, hedge fund, real estate and investment management matters. A Board Certified Specialist in Real Estate Law (State Bar of Arizona), Marc directs a team of lawyers across the country dedicated to negotiating alternative investments for pension systems and other institutional investors. Marc also serves as fiduciary counsel to several government pension systems. A Partner in the Scottsdale office of Kutak Rock, Marc is admitted to practice in Arizona, Texas, Colorado, the Navajo Nation (inactive) and the District of Columbia (inactive). He is an honors graduate of Indiana University, and received his law degree from DePaul University, where he served as editor of the Law Review. He is AV rated by Martindale Hubbel and recognized as Best of the Bar by SuperLawyer® and Best Lawyers of America®.

Dean Lin

Deputy General Counsel, Lockheed Martin Investment Management Company

Dean has served as Deputy General Counsel for Lockheed Martin Investment Management Company (“LMIMCo”) for the past 9 years and is responsible for all transactional matters for the Lockheed Martin Corporation Master Retirement Trust, a +$30 billion pension trust that has been an active investor in private equity for over 20 years. Prior to joining LMIMCo, Dean was an associate at K&L Gates LLP and Shearman & Sterling LLP. He has a J.D. from Harvard Law School and a B.A. from Columbia College, Columbia University.

Adam Lippiett

Senior Legal Counsel, Siemens AG

Adam Lippiett is an in-house lawyer working at Siemens where he focuses on the legal aspects to private equity and venture capital fund investments. Adam previously worked for one of the top European law firms acting for GPs, before moving to Siemens in 2010 to work on the LP side.

Batya Nadler

Senior Associate, Torys LLP

Batya Nadler is a senior associate in Torys LLP’s New York office, with a practice focusing on corporate law, with an emphasis on private equity and investment funds. Batya represents private equity fund sponsors on all aspects of fund formation. Batya also represents institutional investors, including public and private pension plans, in connection with their investments in private equity, venture capital, real estate and hedge funds.

Steve Nelson

Chief Executive Officer , ILPA

With more than two decades of institutional investment experience, Steve Nelson joined ILPA in March 2018 as Chief Executive Officer. He is responsible for leading the growing organization in the realization of its mission to engage, empower and connected limited partners on a global basis. Prior to his role at ILPA, Steve built his career at Cambridge Associates where he served most recently as Board Member, Partner and Chief Operating Officer based in C|A’s Arlington, Virginia office. In that role, Steve was responsible for the day-to-day operations of the firm, overseeing a staff of approximately 500 in Investment Operations, Portfolio Services, Information Technology, Human Capital and Administrative Services. He also served as a member of the C|A Risk Governance Committee and Compensation Committee. Steve held a number of senior leadership positions with C|A including co-Head of Global Consulting from 2008-2013, where he was responsible for resource planning, training, staffing, communications, and oversight of C|A investment teams. This work spanned the core client-facing advisory activities of the firm, delivered by a team of over 300 investment professionals operating from 8 offices. Earlier in his career with C|A, Steve was the Head of Asia Pacific where he established firm’s first office in the region, with responsibility for cultivating a network throughout Asia Pacific consisting of institutional investors, investment managers, legal advisors, regulators, industry associations and the press. From 2002 to 2004, Steve was a member of the Financial Services Committee with the Singapore chapter of the American Chamber of Commerce and is currently a member of the Board of Trustees for the Loudoun Country Day School located in Northern Virginia. Steve is a graduate of the Carroll School of Management Honors Program at Boston College.

Margaret Niles

Partner, K&L Gates LLP

Margaret has a domestic and international business transactions practice centering on alternative investments and joint ventures for investors. She focuses on representing public pension funds, university endowments, sovereign wealth funds and other institutional investors in private equity funds, hedge funds, and other commingled funds of all kinds. She has extensive experience with strategic partnerships, funds-of-one and other unique joint ventures. She works on all types of transactions involving investment funds, including secondaries, co-investments and work-outs, as well as confidentiality and fiduciary issues and a broad range of other investment matters. Margaret is recognized in the Best Lawyers in America publication for her work in private funds.

James O'Donnell

Partner, DLA Piper

James O'Donnell is a funds lawyer advising investors in, and sponsors of, private, international and closed ended funds. He has extensive experience of fund related transactions, including primary, secondary, secondary direct and co-investment deals, the establishment and operation of funds and carried interest vehicles, management spin-outs, managed accounts and joint ventures. His experience includes advising banks, development finance institutions, funds of funds, fund sponsors, insurance companies, pension plans, sovereign wealth funds and other market participants. EXPERIENCE James has advised in respect of numerous fund-related transactions for some of the most active and sophisticated market participants in the world, with individual investment sizes ranging from US$10 million to over US$1 billion. His transactional experience includes primary and secondary transactions, as well as managed accounts, stapled secondaries, secondary directs and "GP for hire" arrangements. James has a particular passion for representing development finance institutions and, in this regard, regularly represents members of the DFI community (both individually and as syndicates) in respect of their investment activities. James has advised in respect of some of the largest fund-related transactions of their type, including one of Europe's biggest non-syndicated secondary deals (transferring over US$1 billion of commitments in over 40 different funds, managed by 17 leading asset managers). He has also acted on the establishment of a number of large (US$250 million to US$800 million) separate account arrangements with some of the most renowned fund management firms in the world. James has acted for a full range of sponsors of closed ended investment funds, from leading, established sponsors with fund commitments in excess of US$1 billion, to start-up funds with commitments of US$10 million. His clients on both the investor and sponsor side have included organisations based all over the world, from established markets such as North America and Europe, through to the Middle East and emerging markets including Africa and India. PRIOR EXPERIENCE James trained at a "magic circle" law firm before practicing in the London office of a leading New York based private equity funds practice. He joined DLA Piper as a partner in 2013.

Yuliya Oryol

Attorney at Law , Nossaman LLP

Yuliya A. Oryol is Co-Chair of the Public Pensions and Investments Practice Group at Nossaman LLP and Chair of the Investment Committee of the National Association of Pension Attorneys. She has over two decades of experience representing institutional investors and government agencies in a broad range of investment, corporate and real estate matters. She focuses her practice primarily on representing public pension plan investors in California, nationally and internationally in connection with public market and private market investments. Ms. Oryol appears before boards of trustees to present on issues related to investments and works with investment officers and in-house counsel on investment transactions.

David Parrish

Partner, DLA Piper

David B. Parrish focuses on alternative investments, including fund formation and investment matters. He represents domestic and foreign investors in reviewing and negotiating investment documentation including limited partnership agreements, subscription agreements, and private placement memoranda, and in negotiating and preparing side letters. In addition, David advises investors in co-investments, GP removal matters, acquisitions of manager stakes, advisory board matters, single investor funds, fund dissolution and secondary transactions. David’s experience involves all types of alternative investment strategies including buyout, credit, real estate, venture capital, growth, energy, real estate, timber and infrastructure. PROFESSIONAL MEMBERSHIPS  State Bar of Texas  National Association of Pension Plan Attorneys  American Bar Association – Business Law Section, Institutional Investors Committee RECOGNITIONS  The Best Lawyers in America, Corporate Law (2017-2018)  Chambers USA: America’s Leading Lawyers for Business (2017)CREDENTIALS Education University of Houston Law Center J.D., summa cum laude University of Texas at El Paso B.A., with honors Admissions Texas

Bob Perez

Member, Foster Pepper PLLC

Bob has a domestic and international business transactions practice focusing on alternative and private equity investments and has been advising institutional investors for 20 years. He primarily concentrates on representing and advising on domestic and international public and private investments and transactions on an individual and commingled basis. He also advises on other investment related matters such as transition management, derivatives, securities lending, and custodial agreements, as well as secondary transactions, co-investments, direct company investments and fiduciary matters. Bob has been an equity member of Foster Pepper PLLC since 2006 and has served on the firm’s Executive Committee since 2016.

Jennifer Songer

Branch Chief , Investment Adviser Regulation Office within the SEC’s Division of Investment Management

Jennifer Songer serves as Branch Chief of the Private Funds Branch of the Investment Adviser Regulation Office within the SEC’s Division of Investment Management. The Private Funds Branch focuses on regulations affecting private fund advisers and assists the Commission in developing policy relating to private funds and their advisers. Prior to joining the SEC, Jennifer was in private practice where she advised clients on the structuring, formation, and private offering requirements of private funds and provided regulatory and compliance counsel to investment advisers. Ms. Songer received a J.D. from Boston College Law School and a B.A. from the University of Pennsylvania.

Jody Shaw

Deputy Counsel, Maryland State Retirement and Pension System

Through the Maryland Office of the Attorney General, Jody Shaw serves as a Deputy Counsel for the Maryland State Retirement and Pension System. In that role, he advises on investment-related transactions and other legal matters, including private funds. Jody is a member of ILPA’s Legal Advisory Council and Vice Chair of the American Bar Association’s Institutional Investors Committee. Prior to joining the State, he practiced at Hogan Lovells, and, before that, was a federal law clerk in the Western District of Tennessee. Jody graduated from Vanderbilt Law School and Georgia Tech.

Rajesh Swaminathan

Partner and General Counsel , Jasper Ridge Partners

Rajesh Swaminathan is a Partner and General Counsel of Jasper Ridge Partners, an endowment-style asset management firm managing more than $20.2 billion in assets, with expertise across all major asset classes, including public equity, fixed income, hedge funds, private equity, venture capital, real estate and natural resources. He joined Jasper Ridge Partners in 2017 and oversees legal, compliance and tax support for the firm’s management, investment activities and corporate operations. From 2011 to 2016, Mr. Swaminathan served as Senior Managing Director and General Counsel at PineBridge Investments, a global asset management firm with capabilities in alternative investments, fixed income, equities and asset allocation. In this role, he directed the legal, compliance and corporate secretarial functions of the firm. Earlier in his career, he also served as PineBridge Investments’ regional general counsel for Europe, Middle East and Africa, and assistant general counsel in the alternative investments business of PineBridge’s predecessor organization, AIG Investments. From 2008 to 2010, he co-led the $83 billion carve-out and sale of PineBridge Investments from AIG Investments. Prior to joining AIG, he was in private practice in the New York and Washington, DC offices of Davis Polk & Wardwell LLP; Steptoe & Johnson LLP; and Cadwalader, Wickersham & Taft, LLP. Rajesh earned a BA degree from Williams College, an MPhil degree from the University of Oxford and a JD degree from Columbia Law School.

Alex Tarantino

Commercial Director , Colmore

Alex is the Commercial Director and member of the Executive Committee of Colmore. Prior to joining Colmore, Alex was a business development director at SS&C, where he grew both the European and North American private equity administration businesses. Previously, he worked at a fintech startup focused on private equity data and analysis. Alex began his career as an investment banking analyst at Oppenheimer & Co. in the TMT group. He holds a bachelor’s degree from Cornell University.

Heather Traeger

Chief Compliance Officer and Compliance Counsel , Teacher Retirement System of Texas

Heather L. Traeger serves as the Chief Compliance Officer and Compliance Counsel for the Teacher Retirement System of Texas -- one of the largest public pension plans in the country. Ms. Traeger has significant experience advising a variety of financial institutions. Prior to joining TRS, she was a partner in the Financial Services Practice at O’Melveny & Myers LLP; served as Associate Counsel at the Investment Company Institute; and worked for the U.S. Securities and Exchange Commission as Senior Counsel to Commissioner Campos, Counsel to Commissioner Hunt, and Senior Counsel in the Division of Market Regulation.

David Winter

Partner, Hogan Lovells US LLP

As co-head of the firm's global Fund Formation Practice Group, David Winter represents sponsors and investors across the fund formation spectrum. David was nearly eight years into his career as a tax lawyer when the firm asked him to take an expanded role in fund formation. He readily accepted and has never looked back. David's clients include multi-billion dollar private equity firms, first-time fund managers, university endowments, pension plans, banks, and SBICs, many of whom he has represented for more than 10 years. Funds are partnerships in the truest sense of the word and this principal guides David's practice. His experience advising both sponsors and investors arms him with the perspectives needed to craft creative and effective solutions. He believes in market neutral terms as a starting point for all funds, but when an off-market term is justified, David is adept at developing a solution that will satisfy all stakeholders. He particularly enjoys the civility and mutual respect that define the fund formation bar. David's sponsor practice is broad. He represents the sponsors of private equity, venture capital, energy, real estate, and debt funds. His clients include sponsors of sector-focused funds and opportunistic funds, domestic and foreign funds, complex parallel and co-invest structures, funds-of-funds, and funds-of-one. David's institutional investor clients include lead and anchor investors, strategic investors, passive term-takers, and everything in between. He tailors his advice and the scope of his work to match the needs of each client.