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Liquidity Solutions for Private Asset Managers

New York | October 4, 2018
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HarbourVest

RAJ SENAPATI

Partner

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Rajesh Senapati joined HarbourVest in 2005 as an associate focused on secondary investments.

Raj focuses on global secondary private equity investments purchased through both traditional and more complex transactions. He has played a lead role in HarbourVest’s public market transactions including the 2011 acquisition of Absolute Private Equity, a Swiss SIX listed investment company, as well as the 2012 acquisition of the investment portfolio of Conversus Capital, a Euronext listed investment company.


In addition to his time at HarbourVest, Raj’s prior experience includes working for Castanea Partners, a consumer focused private equity firm, as well as J.P. Morgan, as an investment banking analyst in the diversified industrials group.


Raj received a BA in Economics from the University of Chicago in 2003 and an MBA from the Kellogg School of Management at Northwestern University in 2010.

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AlpInvest Partners

JULIAN RAMPELMANN

Managing Director

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Julian is a Managing Director in the Secondary Investment team focusing on US transactions.

He joined AlpInvest Partners in 2011 from Warburg Pincus in London, where he focused on mid-market consumer and services growth investments. Prior to completing his MBA, Julian worked in the AlpInvest Secondary Investment Team in Amsterdam.

Julian received an MBA with honors from The Wharton School and an MSc in Econometrics from the Free University of Amsterdam.

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Lazard

HOLCOMBE GREEN

Managing Director

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Holcombe is a Managing Director at Lazard Freres & Co. LLC in New York, New York.

 

He is the founder and global head of the secondary advisory business at Lazard. The secondary advisory business at Lazard operates from offices in New York, London, Paris and Singapore and advises leading institutional investors and private investment firms creating liquidity and capital raising solutions for alternative investments. Lazard is a recognized leader in these markets and has become particularly well known for advising financial sponsors in the creation of liquidity and capital solutions through the secondary market.

 

Prior joining Lazard, Holcombe was Director of Corporate Development at IBM Corporation, with responsibilities for strategic transactions with IBM Global Services, the largest division of IBM. Prior to joining IBM, he was an investment banker at Merrill Lynch & Co.

 

Holcombe began his career in the Washington, DC office of United States Senator Sam Nunn of Georgia. Holcombe is a graduate of The Taft School, Clifton College (in Bristol, United Kingdom), Dickinson College and the Yale School of Management. He is a director of Fusion Connect, Inc. (NASDAQ: FSNN). Holcombe is a trustee of The Taft School and a member of the board of advisors of the Yale International Center for Finance.

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Greenhill

BRIAN MOONEY

Managing Director

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Mr. Mooney is a Managing Director in Greenhill's Capital Advisory group and is primarily responsible for coverage and execution of secondary transactions. Mr. Mooney is a co-founder of Cogent Partners, (which Greenhill acquired in 2015) and has more than 15 years of secondary market experience. Mr. Mooney is responsible for managing all aspects of client engagements and transaction execution and has served a wide range of limited partner and general partner clients. Prior to co-founding Cogent, Mr. Mooney was part of the investment team at The Crossroads Group (now part of NB Private Equity Partners / Neuberger Berman) where he focused on secondary acquisitions as well as primary investments and equity co-investments.

Mr. Mooney holds an MBA from Columbia Business School and a BBA in Finance from the University of Texas at Austin. Mr. Mooney is a CFA charterholder.

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PJT Park Hill

JONATHAN COSTELLO

Partner

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Jon Costello is a Partner and serves as the Global Head of the PJT Partners/Park Hill Secondary Advisory Group. Mr. Costello advises clients on secondary portfolio transactions, fund and asset level capital solutions and other structures that provide liquidity to alternative asset investors globally. Mr. Costello is based in New York and joined the firm in 2016.


Mr. Costello has spent 25 years as both an investor and financial advisor within the private equity industry and completed his first private equity secondary transaction in 2002.


Prior to joining PJT Partners, Mr. Costello spent 9 years at Morgan Stanley Investment Management on the AIP Private Markets investment team, where he co-founded the private equity secondary business. As of December 2016, the AIP Private Markets team had over $10 billion in assets under management with institutional clients such as the Eli Lilly & Company Pension Plan, AON Retirement Plan (UK), J. Paul Getty Trust, West Midlands Pension Fund, Ohio Public Employees Retirement System, and the Los Angeles County Employees Retirement Association. The AIP Private Markets team builds and manages discretionary investment portfolios of private equity partnership, secondary, and direct investments. Most recently, Mr. Costello was a Managing Director, Global Head of the private equity secondary business, and a member of the Global Investment Committee. Mr. Costello completed over 100 private equity secondary transactions on behalf of investment programs managed by the AIP Private Markets team.


Prior to Morgan Stanley, Mr. Costello held various direct private equity and secondary investment roles at Susquehanna International Group, Safeguard Scientifics and its affiliated funds, and also led the secondary advisory group at SSG Capital Advisors.
Mr. Costello received a BS in Finance from Boston College in 1993.

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Family Office

DAVID CHIANG

Partner

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David Chiang is Senior Managing Director and Head of External Funds at a $25bn+ family office.  

 

Mr. Chiang has 22 years of private equity and investment experience working for some of the world’s leading financial institutions.  Previously, Mr. Chiang was a Managing Director and member of the Global Investment Committee for the Private Markets Group of Wilshire Associates, where he was responsible for origination, due diligence, and monitoring of partnership and transaction opportunities for a $6 billion PE fund investment division. 

 

Prior to joining Wilshire Private Markets, Mr. Chiang worked as a Principal for ACON Investments and as a Vice President for the Government of Singapore (“GIC”) Special Investments, the private equity arm of one of the world’s leading sovereign wealth funds, where he served as a member of the U.S. Investment Committee and focused on U.S. buyouts and global distressed investments.  Additionally, he worked for Catterton Partners, a leading private equity firm focused on the consumer industry. 

 

He began his career at Donaldson, Lufkin & Jenrette’s Investment Banking Group, where he focused on mergers & acquisitions, technology and covering financial sponsors. 

 

Mr. Chiang received dual BA degrees in Business Economics and Psychology from Brown University in 1997 and an MBA from UCLA’s Anderson School of Management in 2006.

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Warburg Pincus

HARSHA MARTI

Managing Director

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Harsha G. Marti is based in New York, joined Warburg Pincus in 2007 and is responsible for legal matters related to the firm’s investing activities.

 

He is also responsible for coordinating legal and regulatory activities related to the formation of funds managed by the firm. Prior to joining Warburg Pincus, Mr. Marti was at the law firm of Kirkland & Ellis LLP in New York where he was an attorney focused on private equity transactions.

 

He received a S.B. in materials engineering from the Massachusetts Institute of Technology and a J.D./M.B.A from the Northwestern Pritzker School of Law and the Kellogg School of Management. Mr. Marti is a member of the bar in New York. He is a member of the Law Board of the Northwestern Pritzker School of Law and a member of the Board of Directors of the Brooklyn Community Foundation.

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MLC Private Equity

DAVID SEEBOLD

Portfolio Manager

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David is a Portfolio Manager responsible for MLC’s investments across the Americas and is based in New York.

 

Prior to joining MLC in 2012, David was an investor at Ironbridge in Sydney, Australia. He previously worked in investment banking at First NZ Capital (formerly Credit Suisse) in Auckland, New Zealand.

 

David has a BCom in Finance and a BA in Economics from the University of Auckland.

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Compass Partners International

JAMES KESTER

Partner

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Jim joined Compass in 2018 to lead business development in the US.

Jim has over 30 years of experience, more than 20 years of which has been in private equity. He most recently led the private equity businesses for the Abu Dhabi Investment Authority (ADIA), Zurich Insurance and Allianz, respectively. Jim began his career at the General Electric Company, followed by roles in M&A at General Motors Corporation and the Barents Group.

 

As a private equity investor, Jim has been responsible for investing more than $10 billion in the global private markets, of which $1.2 billion was invested in 26 companies and $900 million in secondary transactions.

 

Jim has served as a member of numerous boards of private companies in the US and Europe as well on the advisory boards of many private equity partnerships. He is currently a member of the Supervisory Board of Deutsche Private Equity GmbH.

 

Jim earned a BSc from Cornell University and holds an MBA from the Wharton School at the University of Pennsylvania.

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Compass Partners International

FRANKLIN J RUDD

Partner

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Frank joined Compass Partners as a Partner in 1998.

 

Prior to joining Compass, Frank was a Partner with Coopers & Lybrand in New York, providing transaction services for major private equity firms and strategic corporate buyers.

 

In addition to his investment experience with Compass, Frank has provided various forms of acquisition and disposal advice to clients of Coopers & Lybrand since 1982, being involved with over 100 acquisitions and divestitures in both Europe (including Italy, Germany, the Netherlands, Norway, Switzerland, Sweden and the United Kingdom), and the US. These deals have ranged in size from $20 million to over $3 billion in the diversified industrial, service, consumer goods and retail sectors.

 

Frank is a certified public accountant and received his undergraduate degree in Accounting from the University of Scranton.

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Arnold & Porter

STEPHEN CULHANE

Partner

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Stephen Culhane co-heads the Investment Management practice and focuses primarily on representing sponsors of private equity, real estate, special situation and distressed investment funds, hedge funds, and funds of funds with respect to the structuring, formation, and operation of such fund products. Recent matters include private equity, venture capital, US real estate opportunity, and specialty finance fund products on behalf of global financial institutions and leading private fund managers. Mr. Culhane routinely assists management teams with the formation or restructuring of investment management firms, and he also assists clients with investments in, or acquisitions or dispositions of, investment management firms. He also advises select institutional investors with respect to their investments in private funds, and has extensive experience negotiating complex secondary transactions involving portfolios of fund and/or direct investments, as well as fund restructuring transactions.

Previously, Mr. Culhane served as Associate General Counsel of Goldman Sachs and the Legal Director to Goldman Sachs Asset Management's Private Equity Group, where he served as the senior lawyer responsible for covering GSAM's private equity funds and direct hedge funds. Mr. Culhane has focused on private investment funds since the early 1990s and is a frequent speaker on issues relating to private investment funds.

Mr. Culhane attended New York University School of Law, where he was Associate Editor of the New York University Review of Law and Social Change.

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Compass Partners international

TIM WRIGHT

Partner

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Tim joined Compass Partners as a Partner in 2008.


Tim has over 25 years private equity experience, he commenced his career at Apax Partners in 1988 and ultimately became a Director in their Buyout Group.  In 2003 he joined Vision Capital as a Managing Director with a focus on secondary direct transactions.

 

Prior to starting his private equity career Tim worked as a consultant at Bain & Company and was an oilfield engineer at Schlumberger Wireline.


During his career in private equity, Tim has deployed almost €700 million in over 15 deals including 3 portfolio transactions.  Investments have been made in all investment stages and across industry sectors.

 

Tim has been a non executive director of more than 12 companies, in most cases being the shareholder representative.  He has significant experience in monitoring post acquisition activities and exits.


Tim holds a 1st class BSc Honours in Mining from the University of Nottingham.

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Arnold & Porter

MICHAEL PENNEY

Counsel

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Michael Penney advises clients on a broad range of mergers and acquisitions and corporate finance transactions. He has led cross-border and domestic mergers and acquisitions, joint ventures, public equity and debt offerings, private placements, and secured and unsecured credit transactions. He also has significant experience advising on general corporate, securities law and compliance matters. His clients have included international financial institutions, asset managers, specialty finance and business development companies, life science companies and technology companies.

Prior to joining the firm, Mr. Penney served as General Counsel, Secretary and Chief Compliance Officer at Hercules Technology Growth Capital, a NYSE-listed business development company, where he was responsible for overseeing portfolio investments, capital markets transactions and general corporate matters.

Mr. Penney previously served as Vice President and Senior Counsel at State Street Corporation, where he negotiated and led domestic and cross-border mergers and acquisitions, joint ventures and strategic investment transactions involving asset management, electronic trading, financial technology, asset servicing and custody banking businesses. Mr. Penney also led capital markets transactions on behalf of State Street and its affiliates, including offerings of senior notes, junior subordinated debt, preferred depositary shares and common stock.

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Arnold & Porter

DANIEL HARTNETT

Partner

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Daniel Hartnett has extensive experience representing financial institutions, investment managers, servicers, trustees, issuers and investors in securitization transactions and investment fund transactions, particularly those involving residential and commercial real estate and loans, aviation assets and loans, farm credit loans, synthetic assets and agency loans. He has been involved in CDO, CLO, CRE CLO, CBO, CFO, CMBS, MSR, mortgage banking, real estate investment trust, real estate mortgage investment conduit, farm credit loan, aviation asset and loan, PACE lien, tax lien and synthetic securitizations, and investment fund transactions across the country and around the world. He has worked extensively on restructuring and workout transactions involving loan origination platforms, investment funds, asset-backed commercial paper conduits, CLOs, CFOs, CMBS, credit default swaps and total return swaps.

Mr. Hartnett is a frequent lecturer on investment funds, aviation, securitization and derivatives topics.

Mr. Hartnett received his bachelor's degree from Northwestern University, his master's of management degree from Northwestern University's J.L. Kellogg Graduate School of Management, and his law degree from Northwestern University's School of Law, where he was Articles Editor of the Northwestern University Law Review.

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