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Private Equity Forum 2014 (Fifteenth Annual)


Speaker(s): Amanda N. Persaud, Bruce L. Lieb, David S. Allinson, Edward D. Sopher, Glenn R. Sarno, Heather S. Cruz, Jeffrey E. Tabak, Jonathan Kaufman, Kenneth J. Berman, Laura S. Friedrich, Marc E. Elovitz, Marco V. Masotti, Mark Mifsud, Michael Davis, Norm Champ, Ross A. Oliver
Recorded on: Jun. 30, 2014
PLI Program #: 51948

Amanda N. Persaud is a Partner at Ropes & Gray. Her practice focuses on the organization, fund raising and operation of U.S. and international private investment funds, including private equity funds, real estate funds, hedge funds, credit funds and other asset classes such as special situation secondary and hybrid funds.

Ms. Persaud has led numerous fund raises for prominent U.S. and international sponsors.  She has significant experience advising sponsors in structuring and reorganizing private investment funds as well as assisting sponsors with their internal economic arrangements.  Ms. Persaud has negotiated and structured spin-outs of, strategic investments in, and sales of, alternative asset management businesses and regularly provides fund-related advice with respect to portfolio acquisitions and dispositions.  Ms. Persaud has been listed as a leading private funds lawyer in Law Business Research’s International Who’s Who of Private Funds Lawyers and Who’s Who of Business Lawyers and Legal Media Group’s Expert Guide to the World’s Leading Banking Finance and Transactional Lawyers and Expert Guide to Women in Business.

Ms. Persaud speaks extensively on a range of topics affecting private equity funds, hedge funds and other private funds at conferences sponsored by the International Bar Association, Association of the Bar of the City of New York, Practicing Law Institute and other industry forums.

Ms. Persaud’s many publications include Private Equity’s Pixie Dust: Carried Interest Arrangements Sixteenth Annual Private Equity Forum (PLI 2015 and 2016), 2013 Private Equity Year in Review The Harvard Law School Forum on Corporate Governance and Financial Regulation January 2014; Private Equity Funds: Legal Analysis of Structural, ERISA, Securities and Other Regulatory Issues in Investment Adviser Regulation (PLI, 2009-2016). JD, University of Virginia School of Law California Executive Fellowship Program in Public Policy, California State University BA (Political Science), with Honors, Duke University Community Service Award


Bar Admissions

New Jersey State; New York State

Education

Duke University Law (J.D., magna cum laude, Phi Beta Kappa, 1982)

Duke University (B.A., 1979)

 

Jeffrey Tabak is a founder of the Private Funds practice of Weil, Gotshal & Manges LLP. He regularly represents a number of private investment funds, and their sponsors, in connection with their organization and the acquisition and disposition of their investments. He counsels institutional investors and represents a number of money management firms and has been involved in many acquisitions of money managers. He also has a wide-ranging corporate and securities law practice.

Mr. Tabak has been consistently recognized as a leading lawyer for private equity by Chambers Global and Chambers USA and has been recognized as a leading lawyer in Investment Funds by IFLR1000. He has also been named a “Best Lawyer” for Corporate Law and Private Funds / Hedge Funds Law by Best Lawyers in America. Additionally, Mr. Tabak has been listed among the world’s leading lawyers in Private Funds by The International Who’s Who of Private Funds Lawyers, and was named one of America’s “Top 25 Pre-Eminent Private Equity Lawyers” by The Best of the Best USA 2010. In October 2006, Mr. Tabak was named by Private Equity International as one of the thirty most influential lawyers in global private equity.

Mr. Tabak has written and spoken on a variety of topics relating to private investment funds. He is a member of the New York State and American Bar Associations, and is the Vice Chairman of the ABA Federal Securities Subcommittee on Hedge Funds. Mr. Tabak is active in pro bono matters and is a trustee and secretary of the Museum of Jewish Heritage: A Living Memorial to the Holocaust and serves as counsel to the Board of Directors of the National September 11 Memorial and Museum at the World Trade Center Foundation. He served as a trustee of Home Instruction for Parents of Preschool Youngsters (HIPPY) USA from 1996 to 2002, was Vice Chairman of the Board from 1997 to 1999 and continues to serve as counsel. HIPPY awarded Mr. Tabak its Founders award in 2006.

Mr. Tabak served as Chair of The Advisory Board for Jewish Life at Duke University from 2009-2012.


Bruce L. Lieb is Managing Partner of Proskauer Rose LLP and a member of Proskauer’s private equity group.  Mr. Lieb formerly served as co-Chair of Proskauer’s Corporate Department and as a member of Proskauer’s seven-person Executive Committee.  Mr. Lieb concentrates his practice on private equity transactions, including the formation of private investment funds, institutional investments and mergers and acquisitions.  He represents sponsors of, investors in and placement agents for buyout funds, venture capital funds, real estate funds, infrastructure funds, funds of funds and hedge funds.

Memberships

Private Investment Fund Forum

Awards & Recognition

Best Lawyers "New York City Corporate Lawyer of the Year" 2013

Lawdragon "500 Leading Lawyers in America" 2007

Lawdragon "3000 Leading Lawyers in America" 2010

Best Lawyers in America 2007-2017

The International Who's Who of Private Funds Lawyers 2011-2014

US Legal 500: Investment Fund Formation & Management 2007-2010

US Legal 500: Mergers & Acquisitions: Private Equity Buyouts 2007

New York Super Lawyers 2010-2016

Related Practices

Private Investment Funds

Private Equity

Financial Services

Mergers & Acquisitions

Finance

Education

New York University School of Law, J.D., 1979
cum laude
Order of the Coif


Edward D. Sopher is a corporate partner in the New York office of Gibson, Dunn & Crutcher.  Mr. Sopher is Co-Chair of Gibson Dunn’s Investment Funds Practice Group.

Mr. Sopher’s practice focuses on the establishment and operation of private investment funds, including private equity funds, funds of funds, hedge funds, distressed investment funds and real estate funds.  He has extensive experience representing the investment managers and sponsors of these funds, as well as institutional investors, seed investors, placement agents and joint venture partners.  

Representing his investment fund clients in their investment activities, he has been involved in a wide variety of investment, private equity and financing transactions.  He regularly represents secondary investment funds in their investment activities.  His experience also extends to transactions involving investment management firms, including spin-outs, acquisitions, financings and joint ventures.  In addition, Mr. Sopher represents financial institutions in connection with their partnership and employee profit participation arrangements.  He also advises his clients on SEC regulatory compliance and other general corporate matters.

Mr. Sopher is consistently featured in various publications as a leading lawyer in the area of private fund formation, including The International Who’s Who of Private Funds Lawyers, The Best Lawyers in America©, The International Who’s Who of Business Lawyers, IFLR, The Legal 500 United States, Chambers USA, Chambers Global, the Guide to the World’s Leading Private Equity Lawyers, the Guide to the World’s Leading Investment Funds Lawyers and the PLC Cross-border Private Equity Handbook.  He is a member of several bar committees and a frequent speaker on matters relating to private investment funds.

Mr. Sopher was born in London, England, and received his Bachelor of Arts degree in 1982 and his Master of Arts in 1985 from Cambridge University.  He is a member of the New York Bar and is also a solicitor in England and Wales.


Heather Cruz is a member of the firm's Investment Management Group. She represents investment advisers and investment banks in connection with the structuring and distribution of U.S. and international private investment products, including private equity funds, multi- and single-strategy hedge funds, real estate funds, infrastructure funds, credit and distressed debt funds, as well as fund of funds. She also advises clients on the establishment, operation and sale of investment adviser and broker-dealer businesses.

With respect to private investment funds, Ms. Cruz advises clients on a broad spectrum of legal issues and considerations relating to the establishment and operation of private investment funds marketed and operated on a global basis. She also represents institutional investors seeking to invest in private investment funds and in investment advisers.

In addition, Ms. Cruz has extensive experience providing regulatory advice to broker-dealers and investment advisers, including regarding compliance with various aspects of the Dodd­ Frank Act, with a particular focus on the Volcker Rule. She also advises on a range of issues relating to U.S. Investment Advisers Act, the U.S. Investment Company Act, and the rules and regulations of FINRA.

Ms. Cruz was selected for inclusion in Chambers Global: The World s Leading Lawyers for Business 2015 and has repeatedly been selected in Chambers USA:America s Leading Lawyers for  Business. She also was named in Expert  Guides - The World s Leading Lawyers  Chosen By Their Peers and as a worldwide leading lawyer in Euromoney Institutional Investor's 2015 Banking Finance and 'Iransactional Expert  Guide.

Selected Publications

"International Comparative Legal Guide to: Alternative Investment Funds 2015 (USA);'JCLG to:Alternative Investment Funds 2015

"Department of Labor Proposes New Fiduciary Regulation and Prohibited Transaction Exemp­ tion Relief for Investment Advice Fiduciaries;' Skadden, Arps, Slate, Meagher & Flom LLP, April 28, 2015

"CFTC Staff Issues More No-Action Letters to Commodity Pool Operators," Skadden, Arps. Slate, Meagher & Flom LLP, October 24, 2014

"Parallel Fund Structures Under the Volcker Rule," Skadden, Arps, Slate, Meagher & Flom LLP, May 15, 2014

"Entering a New Regulatory Era Under the Final Volcker Rule," Skadden s 2014 Insights - Financial Regulation, January 16, 2014

"The Volcker Rule: A First Look at Key Changes;' The Harvard Law School Forum on Corpo­ rate Governance and Financial Regulation, December 18, 2013

"The JOBS Act: Important Questions For Private Funds," Law360, March 7, 2013

"Consequences of the Dodd-Frank Act: New Private Fund Reporting Requirements," Corporate Live Wire,2013


Laura S. Friedrich is a partner and global head of Shearman & Sterling’s Investment Funds Group, with a concentration in private fund formation, structuring and compliance matters.  Ms. Friedrich has extensive experience working with U.S. and international private equity, venture capital and hedge funds and their sponsors, with investments in the United States, Latin America, Eastern Europe, Western Europe, Africa, India, the Middle East and Asia. She has represented sponsors in a variety of asset categories, including buy-out, real estate, fund of fund, debt, energy, infrastructure, transportation and media. Ms. Friedrich also advises investors on the purchase of interests in private funds, and sponsors on the structuring and documentation of their management company arrangements.  She is based in New York.

Ms. Friedrich graduated from the University of California, Berkeley (magna cum laude) in 1993 with honors in Economics, and from the University of Pennsylvania Law School in 1996.  She served as an Executive Editor of the University of Pennsylvania Law Review.


Marc E. Elovitz is chair of Schulte Roth & Zabel’s Investment Management Regulatory & Compliance Group. He advises hedge funds, private equity funds and funds of funds on compliance with the Investment Advisers Act of 1940 and other federal, state and self-regulatory organization requirements, including establishing compliance programs, registering with the SEC and handling SEC examinations. Marc provides guidance to clients on securities trading matters and represents them in regulatory investigations and enforcement actions, arbitrations and civil litigation. He also regularly leads training sessions for portfolio managers and analysts on complying with insider trading and market manipulation laws.

A member of the American Bar Association’s Business and Litigation Sections and the Hedge Funds Subcommittee of the Committee on Federal Securities Regulation, Marc is a frequent speaker at hedge fund industry conferences and seminars. In addition, he co-authors the “Market Manipulation” chapter in the leading treatise, Federal Securities Exchange Act of 1934 (Matthew Bender) and wrote the chapter on “The Legal Basis of Investment Management in the U.S.” for the Oxford University Press book, The Law of Investment Management. After graduating with honors from Wesleyan University in 1986, Marc attended New York University School of Law, from which he was awarded his J.D. degree in 1990.


Marco V. Masotti is recognized as one of the country’s leading lawyers in the alternative asset management industry. In 2016, he was named as one of four lawyers in the nation as an Asset Management MVP by Law360. Marco currently serves as Co-Chair of the Private Investment Funds Forum and Chair of the Private Investment Funds Subcommittee of the International Bar Association. He is the former Chair of the Committee on Private Investment Funds of the New York City Bar.

EXPERIENCE

Marco advises a wide variety of investment funds, including private equity funds, credit funds, hedge funds, hybrid funds, seed capital funds, real assets funds and funds of funds. Marco represents some of the largest and most well-known alternative asset managers, including Apollo, Avenue, Blackstone/GSO, Clearlake, General Atlantic, Harvest, KKR, KPS, Oak Hill, Oaktree, Reservoir, Roark, Värde and Wellspring. In addition, he is a corporate adviser to many founders of alternative asset managers, including his representation of former Treasury Secretary Timothy F. Geithner in connection with his joining a major private equity firm.

RECOGNITIONS

Marco is among a handful of lawyers ranked by Chambers USA as a top practitioner in both the publication’s private equity and hedge fund categories. Who’s Who Legal ranks him as one of a select few ‘Most Highly Regarded Individuals’ for private funds. Marco has been featured by The Deal as one of the ‘Movers & Shakers’ in the industry, named by Crain’s New York Business to its annual “40 Under 40” list, and profiled by the New York Observer as one of New York’s top corporate lawyers. He is also highly recognized by The Best Lawyers in America and The Legal 500, and is listed among the “Top 500 Leading Lawyers in America” by Lawdragon.

Marco was awarded a Fulbright Placement Award upon graduating from the University of Natal Faculty of Law.

EDUCATION

LL.M., University of Virginia School of Law, 1992

LL.B., University of Natal Faculty of Law, 1991 cum laude

B.A., University of Natal, 1988

CLERKSHIP

Hon. Albie Sachs, Constitutional Court of South Africa


Mark Mifsud is a private funds partner in the London office of Kirkland & Ellis International LLP where he heads Kirkland’s European private funds practice, which is ranked a top tier private equity fund formation team by Chambers UK and as a first tier private funds team by The Legal 500. He is also ranked as one of the most highly regarded individuals globally in The International Who’s Who Of Private Funds Lawyers. He has been consistently recognised as a leading attorney in his field. Mark is also a member of the FCA's AIFMD Group of Experts.

Mark has extensive experience in advising private fund managers in relation to the structuring and establishment of a wide range of private investment funds, including private equity, real estate, infrastructure and debt funds, and also advises on secondaries, incentive schemes, carried interest arrangements and co-investment plans, all on an international basis. Mark additionally counsels private investment managers, significant limited partners and other parties on general corporate finance matters.


Glenn practices in the Corporate Department of Simpson Thacher & Bartlett, focusing on private investment funds and other facets of “alternative asset management.” He has represented some of the largest and most well-known private fund sponsors on a global basis, in many different asset categories, including traditional private equity, real estate, energy, infrastructure, debt, RMBS, CMBS, CDOs, food and agriculture, healthcare, education, manager stakes, seed capital, co-investment and secondaries. Glenn also has extensive experience with fund-of-funds, feeder funds, separately managed accounts, employee securities companies, minority stake investments in firms, and listed fund products. He has represented numerous hedge fund sponsors as well. Glenn has represented sponsors in structuring “house-team” arrangements and has also worked on “spin-outs” of private equity and hedge fund businesses and the creation and expansion of numerous boutique firms as well as the creation of alternatives platforms within larger institutions.

Glenn practiced in the Firm’s London office for two years, where he lead international fund formation matters, including country-focused funds investing in Italy, Eastern Europe, Russia and Hungary as well as those with a pan-European or Asian regional focus.

Glenn served for three years as the Chair of the New York City Bar Association Committee on Private Investment Funds, a 43-member committee comprised of leading in-house and external counsel practicing in the alternatives industry. He is also a member of the Private Investment Fund Forum, a group comprising New York City attorneys practicing extensively in the private funds area.  Glenn serves as a member of the Corporate and M&A Advisory Boards of Practical Law, a service of Thomson Reuters, and was for several years a member of the Advisory Board of the Private Equity CFO Association. He has lectured extensively and published on alternative asset management topics in the United States and abroad.

Glenn is listed as a leading lawyer in Chambers’ Global and USA Guides to the World’s Leading Business Lawyers, The International Who’s Who of Private Fund Lawyers and other similar publications.

Glenn received his B.A., summa cum laude, from the University of Connecticut in 1989, where he was a University Scholar and a member of Phi Beta Kappa. He received his J.D., with honors, from the Duke University School of Law in 1992, where he was the winner of the Hardt Cup moot court competition and the Best Judge award in the Dean’s Cup competition. Prior to joining Simpson Thacher in 1993, Glenn clerked for the Senior Justice of the Supreme Court of the State of New Jersey.


Mr. Allinson is the global Co-chair of the firm's Mergers & Acquisitions Practice and the former Co-chair of the Private Equity Practice Group and the New York Corporate Department.

Profile

Mr. Allinson has broad mergers and acquisitions experience, encompassing both public and private acquisitions, dispositions, carve-outs, tender offers, going-private transactions, co-investments, joint ventures and general corporate matters, including corporate governance and takeover defense.

Mr. Allinson primarily focuses his practice on the representation of private equity firms, including ArcLight Capital Partners, The Blackstone Group, Blue Road Capital, Carlyle Power Partners, Columbus Nova Partners, Consonance Capital Partners, Irving Place Capital, One Equity Partners, Ospraie Special Opportunities Group, Panda Power Funds and Rhône Capital.

Experience

Mr. Allinson's private equity experience includes the representation of:

ArcLight Capital Partners in a number of transactions, including its US$2.1 billion acquisition with the Blackstone Energy Group of four power plants from American Electric Power, its acquisition of Associated Asphalt and Axeon Marketing, its acquisition of pipeline interests from BP, its acquisition of Hovensa’s terminal facilities, its acquisition of Leeward Renewable Energy and its acquisition of the New England hydroelectric power portfolio of TransCanada, consisting of 13 facilities.

Blue Road Capital in its acquisition of Diamond of California from Snyder’s-Lance

Carlyle Power Partners and Cogentrix Energy, Inc. in a number of transactions, including the acquisition of Rhode Island State Energy Center, the carve-out sale of 14 Cogentrix Energy power projects to Energy Investors Funds and the sale of Cogentrix Energy’s North American power generation assets and power projects development platform to Carlyle Infrastructure Partners

Shamrock Capital Advisors in its acquisition of Consolis, Inc. and Huron Legal

The Blackstone Group in its US $1.5 billion investment in Cheniere Energy

Dubai International Capital in its sale of MAUSER Group to Clayton, Dubilier & Rice for US$1.7 billion

Consonance Capital Partners in a number of transactions, including its acquisition of Bako Integrated Physician Services, its acquisition of Enclara Health,its acquisition of APS Healthcare, its acquisition of The Keystone Peer Review Organization and its acquisition of excelleRx and PBH Holding 

ING U.S. in its sale of private equity limited partnership investment interests to Pomona Capital

Ospraie Special Opportunities Group in a number of transactions, including the creation of the Fermaca Global joint venture, Fermaca Global’s acquisition of Mexican pipeline assets, Fermaca Global’s development of the Chihuahua Pipeline and the sale of pipeline assets to Partners Group

US Power Generating Company in its sale to Tenaska Capital Management


Mr. Davis is a member of Davis Polk’s M&A Department. He advises U.S. and international corporate and private equity clients on a full range of transactions, both domestic and cross-border, including mergers, acquisitions, investments, joint ventures and collaborations, spinoffs and restructurings, special committee representations and defensive and corporate governance advice.  Recent representations include:

Lightyear Capital on various matters including its pending sale of RidgeWorth to Virtus, its sale of Clarion Partners to Legg Mason, its investment in Wealth Enhancement Group, its investment in Pathlight Capital, and on the sale of Swett & Craword by its portfolio company, Cooper Gay Swett & Crawford, to BB&T Metalmark Capital on various matters including its investment in Kissner and Worldstrides and Kissner on its acquisition of Central Salt Crestview on various matters including its investment in Arxis Capital and on its sale of Key Safety Systems Anacor on its sale to Pfizer Biotie on its sale to Acorda Prosensa on its sale to BioMarin Baker Hughes on its proposed combination with GE’s Oil & Gas business Warner Chilcott on its merger with Actavis Heinz on its sale to 3G Capital and Berkshire Hathaway Bertelsmann on the formation of Penguin Random House.

Michael is currently based in Davis Polk’s New York office.  He worked at Davis Polk’s London office from 2003-2004.  Michael is recognized in several legal industry publications, including: Chambers USA: Corporate/M&A, IFLR1000 and The Legal 500.  He speaks regularly as a panelist on a variety of topics, including most recently at the Japan Society’s seminar on Activism, Independence, Stewardship – Current Trends in U.S. and Japanese Corporate Governance, The Trout Group’s Private Company Showcase, and the 9th Annual Wall Street Unplugged seminar for life science companies.


Norm Champ is a partner in the New York office of Kirkland & Ellis LLP. Norm is a member of the Investment Funds Group. Previously, Norm was the director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC).

Norm’s book, Going Public, about his experiences at the SEC is due out from McGraw-Hill in 2017.

While at the SEC, Norm played a key role in the SEC’s completion of landmark reforms in 2014 to strengthen the $3 trillion money market fund industry, and led important structural and policy changes. He was the leader of interactions with the Financial Stability Oversight Council as the Council turned its attention to whether asset management firms are “systemically important.” He also worked on crisis management efforts at securities firms to protect customers of those firms. Norm also headed the creation of Guidance Updates and Senior Level Engagement initiatives created to provide transparency to the industry and to engage with boards and senior management of asset management firms.

Prior to becoming the Director of the Division of Investment Management, he was the Deputy Director of the SEC’s Office of Compliance, Inspections and Examinations (OCIE) and the Associate Regional Director for Examinations in the SEC’s New York Regional Office. In these capacities he supervised SEC examinations of investment advisors, investment companies, broker-dealers, national securities exchanges, credit rating agencies, clearing firms and other market participants.

Norm is one of several members of the SEC’s Division of Investment Management who have recently joined Kirkland’s Investment Funds Group Regulatory Practice. Jamie Walter served as senior counsel in the Private Funds Branch of the Division’s Rulemaking Office. Aaron Schlaphoff was an attorney fellow in the Division’s Rulemaking Office.

Norm is a frequent and seasoned speaker having presented on securities law topics at SEC programs, Princeton University’s Bendheim Center for Finance, the Practicing Law Institute, ICI, SIFMA, MFA, the Saudi Central Bank, the New York City Bar Association, the International Bar Association, the ACA Compliance Group, Financial Times, and others.

He is also a lecturer on investment management law at Harvard Law School.

Mr. Champ has an A.B. in History from Princeton University and a J.D. from Harvard Law School. He was a Fulbright Scholar at King’s College in London where he received his M.A. in War Studies.


Kenneth J. Berman is a partner with Debevoise & Plimpton LLP, and a member of the firm’s Investment Management and Financial Institutions Groups. His practice focuses on investment management regulatory issues and related corporate and securities law matters. Prior to joining Debevoise, Ken was Associate Director of the SEC’s Division of Investment Management. He is a member of the American Bar Association (Subcommittee on Investment Companies and Investment Advisers, Subcommittee on Private Investment Entities), the District of Columbia Bar and the New York City Bar Association (Investment Management Regulation Committee). Ken was the co-editor of International Survey of Investment Adviser Regulation (3rd ed.).  He is an adjunct professor of law in Georgetown University’s LLM program.  He received his J.D. from the University of Chicago Law School, where he was a member of the Law Review; he received his B.A. from Dickinson College.


Mr. Jonathan Kaufman is a Managing Director at The Blackstone Group, Private Equity Group.  Mr. Kaufman leads the private equity group's global debt capital markets activities and also works across Blackstone’s investment and advisory businesses on credit and equity-related matters.  Mr. Kaufman joined The Blackstone Group LP in 2007 and served as its Vice President of Restructuring and Reorganization, where he advised a number of companies and lenders in their chapter ... 11 proceedings, out-of-court restructurings and special situation investments.  He was previously a Principal at the firm with its private equity group.  Mr. Kaufman served as a Manager of Mergers and Acquisition at Platinum Equity, where he evaluated and executed private equity investments in a wide range of industries.  He was an Analyst at Triene.  Mr. Kaufman has also advised an automotive company in managing its exposure to post-retirement employee benefits through the use of a VEBA trust and advised companies in the commercial real estate industry.  Mr. Kaufman received an M.B.A. from the University of Chicago’s Graduate School of Business, where he graduated with high honors and a B.A. in History from Amherst College, where he graduated magna cum laude.


Ross Oliver joined Crestview Partners in 2011. Mr. Oliver is Crestview’s General Counsel and is responsible for the firm’s legal and compliance functions. He has nearly 20 years of experience in private equity, mergers and acquisitions and tax as both a lawyer and a CPA. Mr. Oliver joined Crestview from Davis Polk & Wardwell LLP where he focused primarily on investment management and capital markets transactions and served as outside counsel to Crestview. Previously, Mr. Oliver clerked for federal district Judge Cecilia M. Altonaga and was a senior manager in the mergers and acquisitions group at PricewaterhouseCoopers LLP. Mr. Oliver received a J.D., summa cum laude, from the University of California, Hastings, M.S. in taxation from American University and B.B.A., summa cum laude, from Eastern Michigan University. Mr. Oliver speaks regularly at industry conferences on topics affecting the private equity industry. He is admitted to the bar of New York and is a member of the New York City Bar Association and the board of directors of the Private Equity Growth Capital Council.