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TUESDAY, JANUARY 14, 2014 Main Program TUESDAY, JANUARY 14, 2014 Main Program Welcome Remarks Paul Roth Regulatory Examinations and Enforcement Marc Elovitz, David Momborquette, Martin Perschetz, Lisa Prager, Howard Schiffman Shareholder Activism Stephanie Breslow, David Rosewater, Michael Swartz Distressed Investments: Structured Products Peter Declercq, Steven Fredman, Adam Harris, Paul Watterson Marketing Opportunities and Challenges Jennifer Dunn, Kenneth Gerstein, Christopher Hilditch, Jason Kaplan, David Nissenbaum A New Paradigm: Customized Solutions for Investors Philippe Benedict, Brian Daly, David Efron, Daniel Hunter A Conversation with J. Tomilson Hill — The Blackstone Group Paul Roth Philippe Benedict Philippe focuses his practice on the tax aspects of investment funds, mergers and acquisitions, international transactions, real estate transactions and financial instruments. He has advised on many major transactions involving sales or spinoffs of investment fund managers, including Credit Suisse’s sale of Strategic Partners to Blackstone Group LP and Signet Capital Management’s sale of its fund-of-funds business to investment Partner management firm Morgan Creek Capital Management LLC. Philippe’s other New York Office recent representations include advising Sachem Head Capital Management +1 212.756.2124 LP on the launch of new hedge funds and the establishment of long/short [email protected] equity funds; advising the Related/Oxford joint venture developing Hudson Yards on closing nearly $1.4 billion in equity investments and debt financing for the center’s first tower; advising on the acquisition of Prisma Capital Practices Partners by global investment firm KKR & Co; representing Capstone Tax Investment Advisors LLC, MKP Capital Management LLC and Scopia Real Estate Capital Fund Management LLC in their respective sales of a passive minority Markets & REITs interest to Neuberger Berman Group-managed private equity fund Dyal Capital Partners; advising ABS Investment Management LLC in Evercore Partners Inc.’s purchase of a non-controlling stake in ABS; representing Gresham Investment Management LLC in its sale of a 60 percent stake to Nuveen Investments; advising Secor Asset Management LP in regard to an investment by Babson Capital Management, a subsidiary of MassMutual; and advising the asset management division of Credit Suisse Group AG in its acquisition of an interest in York Capital Management LP. Philippe has also advised multiple alternative asset managers on the formation and structuring of many funds during the past year. Philippe is a co-author of Hedge Funds: Formation, Operation and Regulation (ALM Law Journal Press) and also speaks at prominent industry events. In the past year, he has spoken at the Bank of America Merrill Lynch COO and CFO Hedge Fund Symposium and presented “Long-Only and Other Tailored Private Funds” at an SRZ Investment Management Hot Topics event, “FATCA — Issues for Private Fund Managers” at an SRZ webinar, and “Current Developments in the Secondary Market for Fund Interests” and “Manager Acquisitions and Spinoffs” at SRZ’s 22nd Annual Private Investment Funds Seminar. Philippe earned his LL.M. in taxation and his J.D. from New York University School of Law. While pursuing his J.D., he was the recipient of a Gruss Fellowship and served on the staff of the Journal of International Law and Politics. He obtained his B.S., summa cum laude, from Adelphi University. 23rd Annual Private Investment Funds Seminar © 2014 Schulte Roth & Zabel LLP Stephanie R. Breslow Stephanie is co-head of SRZ’s Investment Management Group and a member of the firm’s Executive Committee. Her practice includes investment management, partnerships and securities, with a focus on the formation of private equity funds (LBO, mezzanine, distressed, real estate, venture) and liquid-securities funds (hedge funds, hybrid funds), as well as providing regulatory advice to investment managers Partner and broker-dealers. She also represents fund sponsors and institutional New York Office investors in connection with seed capital investments in fund managers +1 212.756.2542 and acquisitions of interests in investment management businesses, and [email protected] represents funds of funds and other institutional investors in connection with their investment activities. Practices Stephanie is a much sought-after speaker on fund formation and operation Investment Management and compliance issues, and also regularly publishes books and articles on the latest trends in these areas. She co-authored Private Equity Funds: Financial Institutions Formation and Operation (Practising Law Institute), which is considered Hedge Funds the leading treatise on the subject, and Hedge Funds: Formation, Operation Private Equity and Regulation (ALM Law Journal Press), and contributed a chapter on “Hedge Funds in Private Equity” for inclusion in Private Equity (PLC Cross- border Handbooks). Stephanie is vice-chair of the Private Investment Funds Subcommittee of the International Bar Association, a founding member and former chair of the Private Investment Fund Forum, a member of the Advisory Board of Third Way Capital Markets Initiative, a former member of the Steering Committee of the Wall Street Fund Forum and a member of the Board of Directors of 100 Women in Hedge Funds. Stephanie is listed in Chambers USA, Chambers Global, The Legal 500 United States, Best Lawyers in America, America’s Leading Lawyers, Who’s Who Legal: The International Who’s Who of Business Lawyers (which ranked her one of the world’s “Top Ten Private Equity Lawyers”), Who’s Who Legal: The International Who’s Who of Private Funds Lawyers (which ranked her at the top of the world’s “Most Highly Regarded Individuals” list), IFLR Best of the Best USA (Investment Funds), IFLR Guide to the World’s Leading Investment Funds Lawyers, IFLR Guide to the World’s Leading Women in Business Law (Investment Funds), IFLR Guide to the World’s Leading Private Equity Lawyers and PLC Cross-border Private Equity Handbook, among other leading directories. She was also named one of The Hedge Fund Journal’s 50 Leading Women in Hedge Funds and the Euromoney Legal Media Group’s “Best in Investment Funds” at the inaugural Americas Women in Business Law Awards. Additionally, Stephanie was recognized by the Girl Scouts of Greater New York as one of 2012’s Women of Distinction. Stephanie earned her J.D. from Columbia University School of Law, where she was a Harlan Fiske Stone Scholar, and her B.A., cum laude, from Harvard University. 23rd Annual Private Investment Funds Seminar © 2014 Schulte Roth & Zabel LLP Brian T. Daly Brian advises hedge and private equity fund managers and commodity pool operators on regulatory, compliance and operational matters, including registration and disclosure obligations, trading issues, advertising and marketing, and the establishment of compliance programs. Having spent nearly a decade serving in-house as general counsel and chief compliance officer at several prominent hedge fund management firms, Partner Brian is well versed in a wide range of legal and business challenges facing New York Office investment advisers, commodity pool operators and commodity trading +1 212.756.2758 advisors and has extensive experience designing and improving compliance [email protected] processes and organizational systems. Brian has represented clients in proceedings and interactions with regulators in the U.S., the U.K. and Asia. Practices Brian is well known for his thought leadership in the regulatory and Investment Management compliance area as it affects alternative investment funds and is a key part of SRZ’s educational outreach. In addition to hosting SRZ webinars, Hedge Funds participating in firm-sponsored seminars and workshops, and authoring Private Equity SRZ client Alerts, he recently authored “Trading and Compliance Issues Regulatory & Compliance Under Rule 105” in COOConnect; co-authored “SEC Confirmation on ‘Soft Dollars’ Safe Harbor” in The Hedge Fund Journal and “How CCOs Can Prepare a Custody Rule Review” in the Compliance Reporter; presented on the “Future of Financial Reform” for the State Street Hedge Fund Client Advisory Council; discussed “Pursuing Institutional Allocations — Regulatory and Investor Considerations” at the Morgan Stanley (Hong Kong) Prime Brokerage Forum; and spoke on “Marketing and Working with Investors in the Current Environment” at Ambrose Connects 2013. Brian also teaches legal ethics at Yale Law School, focusing on the challenges faced by in-house counsel. He is a member of the Managed Funds Association’s CTA, CPO & Futures Committee and the CFTC Working Group for the Alternative Investment Management Association, and formerly served as co-chair of the MFA’s General Counsel Forum and as a steering committee member of its Investment Advisory Committee. Brian received his B.A., magna cum laude, from Catholic University of America, his M.A. from the University of Hawaii and his J.D., with distinction, from Stanford Law School. 23rd Annual Private Investment Funds Seminar © 2014 Schulte Roth & Zabel LLP Peter J.M. Declercq Peter’s international practice focuses on cross-border insolvencies, restructurings and distressed mergers and acquisitions. He provides advice to distressed investors, including hedge funds, private equity funds and investment banks, and has a wealth of experience in leading formal and ad hoc creditor groups in connection with multinational in- court and out-of-court restructuring transactions. Peter also advises both Partner financial and
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