Emerging Markets Private Equity Fund Structuring, Oversight and Administrative Matters

5 June 2012

An EMPEA Professional Development Webcast with Citi Private Equity Services

Our panel of industry experts will share their views from a legal, investor and fund manager perspective as they discuss:

• A deep dive into the complexity of structures and reporting
• Investor transparency – where are we today?
• Navigating entity type and jurisdictional and statutory requirements
• Depository and fiduciary oversight for investors – what is the role of the manager and institutions?

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Panelists Include

 

Joe Patellaro (Moderator)
Managing Director, Global Head of Private Equity Services, Citi Transaction Services

Joe is a Managing Director and the Global Head of Private Equity Services, Citi. He is responsible for the global strategy and evolution of the Private Equity Services business, and interacts with many internal and external constituents worldwide in staying current on industry, technical and regulatory matters. Joe has led or participated in many industry related conferences, panels, and events on topics including the evolving regulatory landscape, fair value/ASC 820, outsourcing, and other topics.

Joe has been in the professional services industry since 1987 and has been with Citi since 2002. Prior to joining Citi, Joe spent over 15 years at Arthur Andersen, most recently as an audit partner and the partner-in-charge of the emerging markets practice in the Stamford, Connecticut office.

Joe is a graduate of Hofstra University. He proudly serves on the Board of Trustees of Family and Children’s Association, a Long Island-based non-profit organization.

 

Carolyn Campbell
Managing Director, Founding Partner and General Counsel, Emerging Capital Partners

Carolyn Campbell is a Managing Director, General Counsel and founding partner of Emerging Capital Partners (ECP).  Ms Campbell is also a member of the executive committee and ECP's investment committees.  With seven funds and over $1.8 billion under management, ECP is one of the leading private equity managers focused on Africa.  Headquartered in Washington DC, ECP has six offices across Africa and over a decade of successful investing experience in companies operating in over 40 countries on the continent. She oversees the management of six funds, acts as the firm's Chief Compliance Officer and engages in deal sourcing, negotiation, portfolio management, fundraising, fund structuring, reporting, investor relations, and structuring and value creation. She serves on the boards of Finagestion (France), Salt Investment S.A. (Djibouti), Air Ivoire (Cote d'Ivoire) and Société Générale Assurance Méditerranéenne (Algeria).

Prior to joining ECP, Campbell was a Senior Associate at White & Case LLP, focusing on corporate finance, capital markets, private equity matters, and mergers and acquisitions. From 1991 to 2000 she was based in the firm's Warsaw, London, and Washington, D.C. offices. Campbell was also an Associate Professor at George Washington University National Law Center, lecturing on international negotiations.

Campbell is a member of the Council on Foreign Relations and the D.C. and California bars. She graduated summa cum laude from the University of Connecticut with a B.A. in Economics and French and an M.A. in Economics. She received her J.D. from the University of Virginia School of Law, and a PhD from Oxford University in Politics and Economics.

 

Edward Eisert
Partner, M&A and Private Equity, Orrick Herrington & Sutcliffe LLP

Edward G. Eisert, a partner in the New York office, is a member of the Corporate Group.  He focuses his practice on investment management, financial products, joint ventures/mergers and acquisitions and regulatory compliance.  Ed represents U.S. and non-U.S. domiciled global financial institutions in a wide array of matters spanning his practice specialties. 

Ed’s investment management experience includes the structuring and restructuring of U.S. and non-U.S. private investment funds (e.g., private equity and venture capital funds, hedge funds, and funds of funds) with respect to a broad range of asset classes; the representation of institutional investors in private funds; and separately managed account mandates.  His experience within financial products also includes the structuring of cross-border securities offerings, structured note programs and liability driven investment programs.

Ed’s regulatory experience includes the structuring and operations of investment advisers and broker-dealers; the asset management and custody activities of trust companies; the side-by-side management of registered funds, private funds and separately managed accounts; advice regarding the regulation, asset management and custody activities of dually registered broker-dealers and investment advisers; and cross-border broker-dealer, investment adviser and bank regulatory issues.

Within joint ventures and M&A, Ed’s experience includes the structuring and operations of cross-border and U.S. joint ventures in investment management, management “lift-outs,” and acquisitions and mergers of investment management firms. 

Before joining Orrick, Ed was a partner of Schulte Roth & Zabel LLP; a Senior Vice President, the General Corporate Counsel and Corporate Secretary of Fiduciary Trust Company International (a subsidiary of Franklin Resources, Inc.); and a partner of K&L Gates LLP.

 

Pavan Gupte
Chief Strategy Officer, CVCI Private Equity, Citi Venture Capital International

Pavan joined CVCI Private Equity in 2011. He was previously a founding member of Hermes GPE, a $8b Global Private Equity specialist in London, where he was the Head of Asia. Prior to this, he was a Dy. Managing Director and a founding member of Gartmore Private Equity, a $3b AUM division of Gartmore Investment Management , where he led coverage of European and the Emerging Markets. From 2000 till 2002, Mr. Gupte was a Principal in London and a founding member of Adams Street Partners, a $6b global private equity business. Prior to his involvement in private equity he worked at KBC Bank NV’s Indian business, where he led the building of the corporate credit business. Between 1995 and 1997, Pavan was at ICICI Ltd, focusing on lending to greenfield and brownfield projects in Western India. Pavan earned a B.Com. degree and an M.B.A. degree, both from Mumbai University. He has been an Advisory Board member of several private equity funds in China, India, Australia, pan-Asia and Europe.

 

Jim Mercadante
Partner, Orrick Herrington & Sutcliffe LLP

Jim Mercadante is a partner in the New York office and a member of Orrick's Corporate Group. Mr. Mercadante's practice focuses primarily on the capital raising and transactional activities of private equity firms and private companies. He has represented fund sponsors in forming a broad variety of private equity funds, including buyout funds, real estate funds, mezzanine funds and funds-of-funds.

Mr. Mercadante has regularly represented private equity firms and their portfolio companies in acquisitions, dispositions and financings, as well as strategic investors and management groups participating in private M&A transactions. Mr. Mercadante also has substantial experience in corporate governance matters and financial restructurings.

Many of Mr. Mercadante's recent matters have been cross-border in nature, and he has extensive experience working with clients, counterparties and professional advisors in the Middle East.

Mr. Mercadante has practiced law in New York since 1987, starting his career as an associate with Cravath, Swaine & Moore. Prior to joining Orrick, Mr. Mercadante was a partner with Baker & Hostetler and the head of Baker's corporate practice group in New York.

 

Quinn Moss
Partner, Orrick Herrington & Sutcliffe LLP

Quinn Moss, a New York corporate partner, has extensive experience in representing financial institutions in connection with a variety of financing transactions as well as serving as corporate counsel.  She has particular expertise in private equity funds, including venture capital, real estate opportunity, leveraged buyout, co-investment, mezzanine and fund of funds, joint ventures, debt and equity private placements (secured and unsecured), and mergers and acquisitions involving privately held entities.
Prior to joining Orrick, Ms. Moss was an associate at Masunaga, Nagashima & Hashimoto in Tokyo, Japan, from 1986 to 1989, and at the affiliated New York office of Colamarino & Nagashima in New York from 1990 to early 1992.

 

Umberto Pisoni
Global Portfolio Head, Private Equity and Investment Funds Department, International Finance Corporation

Umberto Pisoni is currently Global Portfolio Head of IFC’s Private Equity and Investment Funds Department, based in Washington, DC.  He is responsible for IFC’s portfolio of over 180 funds globally with total commitments of more than $3 billion, and works in close coordination with teams in IFC’s offices around the world to monitor and manage IFC’s investments in funds.

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has built up a portfolio of investments in emerging market private equity funds. The Funds Department is IFC's center of expertise for the selection and structuring of new funds, leveraging and sharing the experience gained from its portfolio and constantly adapting best industry practices to the constraints of the different markets it operates in.

Umberto has analyzed and led investments in several private equity funds, across geographies ranging from Latin America to Africa and Eastern and Central Europe. He has worked with some of the global fund managers wishing to extend their franchise to emerging markets, and also with strong local players who wanted to expand beyond their geographic horizon. 

Prior to joining the Funds Department, Umberto worked for eight years in IFC’s Global Information and Communications Department, where he was responsible for originating, negotiating and executing investments in the telecom industry on a global basis. In particular, Umberto has overseen investments (both debt and equity/quasi-equity) in the cellular industry in several countries (Brazil, El Salvador, Morocco, Lebanon, etc.).  His industry focus had been on alternative carriers and networking infrastructure service providers, such as broadband last mile and fiber optic backbone projects.

Umberto holds a B.A. in Economics and Finance from Bocconi University in Milan, Italy, and an MBA from MIT’s Sloan School of Management.

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