Funds, Permanent Capital Vehicles and Other Resources for Marketplace Lenders
Cadwalader will host a panel discussion exploring the funding options and alternative funding structures available to marketplace lending platforms and investors. The panel discussion will cover the following topics:
- Overview of the funding options available at various stages in the life cycle of a marketplace lender from startup to public company
- Current state of each of these funding markets and the impact on marketplace lenders
- Potential new funding sources
- How certain capital structures can allow for more efficient use of capital and access to longer-term funding
- Moderator: George Popescu, Editor-In-Chief and Founder, Lending Times
- Opening Remarks: Bruce Bloomingdale, Partner, Cadwalader, Wickersham & Taft LLP
- Ram Ahluwalia, CEO, PeerIQ
- Beth Starr, Vice President Capital Markets, CommonBond
- Karrie Truglia, Principal, Victory Park Capital
- Gregg Jubin, Partner, Cadwalader, Wickersham & Taft LLP
Karrie Truglia joined Victory Park Capital in 2015 and is a Principal. She is primarily responsible for sourcing, analyzing, executing and management of direct private debt and equity investments in the specialty finance sector. Ms. Truglia also actively works to further develop VPC’s debt capital markets area focused on strategically portfolio financings. Previously, Ms. Truglia was a Director in Global Securitized Products at Citigroup focused on asset backed security financing and complex capital markets solutions for global and domestic financial services organizations. She also worked in other management positions at Bear Stearns & Co., Assured Guaranty and BMW Financial Services. Ms. Truglia received a B.S. in Accounting & Finance with honors and an MBA from Mt. St. Mary’s College.
Beth Starr is the Vice President of Capital Markets at Common Bond. Beth brings more than 25 years of experience in the capital markets, including roles in research, marketing and distribution of structured finance and structured credit products. Beth spent 18 years at Lehman Brothers, where she was a Managing Director, and also worked at Merrill Lynch and Jefferies. She has been active in all areas of the asset-backed, mortgage-backed and commercial real estate markets throughout her career. Beth has been widely published on asset-backed securities and was recognized seven times by Institutional Investoras an All-America Research Team Member for her asset-backed securities and commercial mortgage-backed securities research. She has a BSE in Finance and Political Science from University of Pennsylvania’s Wharton School. Beth lives in Westchester, NY with her husband and two children. She has been actively involved in women’s issues throughout her career and is an active mentor.
Ram Ahluwalia, CEO of PeerIQ, has over 15 years of experience across the consumer banking and buy-side sectors. Prior to founding PeerIQ, Ram was the CIO of Winged Foot Capital an investment advisor responsible for managing an alternatives portfolio via investments in hedge funds, real estate, and late-stage venture capital. Ram is best known for his background in statistical arbitrage and consumer credit. Previously, Ram was a Senior Vice President at Bank of America-Merrill Lynch and member of the Cards & Deposits executive management team responsible for investment decisioning a $120 Bn credit portfolio. Prior to this role, Ram was a Vice President at the Merrill Lynch Global Bank Group. As a management consultant at Inductis, Ram advised Fortune 50 financial firms on statistical decision-making frameworks for acquisition and risk modeling. Ram received a B.A. in Economics-Philosophy from Columbia University and is a CFA charterholder.
George A. Popescu is the Chairman of the Board of Advisors for Gatecoin, a blockchain asset exchange; Founder, CEO, and Editor in Chief of Lending Times, a media and affiliate marketing company in the peer-to-peer, marketplace and alternative lending space and partner of LunaCap Ventures, a venture debt fund. George sold and exited his most successful company, Boston Technologies (BT) group, in 2014. BT was a technology, market maker, high-frequency trading and inter-broker broker-dealer in the FX Spot, precious metals, and CFDs space company. BT was #1 fastest growing company in Boston in 2011 and in Inc 500/5000 for 4 years in a row. Over the last 10 years, George founded 10 companies in online lending, craft beer brewery, exotic sports car rental space, hedge funds, peer-reviewed scientific journal, etc. He advised 30+ early stage start-ups in different fields and was a mentor at MIT’s Venture Mentoring Services and Techstars Fintech in NY. He holds 3 Master's degrees, the last one from MIT in 3D printing.
Gregg Jubin is a partner in the Capital Markets Group and practices in both the Washington, D.C. and New York offices. He has more than 20 years of experience in corporate and finance transactions, with particular emphasis in transactions involving hedge funds and private equity fund of funds, structured funds, collateralized debt obligations, derivatives, synthetic structured products, and other types of structured products. Gregg represents the managers of hedge funds and private equity fund of funds, collateral managers, investment banking firms, commercial banks, broker dealers, and other financial institutions. Gregg's practice involves structuring and organizing onshore and offshore hedge funds (including commodity pools, fund of funds, and master/feeder funds), private equity fund of funds and other investment vehicles, developing, negotiating and documenting a wide variety of financial products, and providing advice to clients with respect to compliance with the Commodity Exchange Act, the Investment Company Act, the Investment Advisers Act, the Securities Act of 1933, and other federal and state securities and commodities laws and regulations. He received his J.D., magna cum laude, from Syracuse University College of Law where he was a member of the Law Review and Moot Court Board.
Bruce Bloomingdale is a partner in Cadwalader’s Capital Markets Group. He advises clients in connection with a wide range of finance and capital markets transactions, including securitization, structured finance, asset-based finance, leveraged finance and secured lending transactions. Bruce has extensive knowledge of, and experience with, consumer and corporate debt, including auto loans and leases, credit cards, SME loans, marketplace loans, copyrights, dealer floorplan loans, franchise loans, fleet and equipment leases and trade receivables. Bruce has recently advised clients in fintech, ride sharing, autonomous vehicle and other opportunities arising in connection with technological disruption in the finance and transportation industries.