Negotiating the legal documents to close your fund is an important beginning to your relationship with your investors. Seasoned private fund lawyers will engage in a GP/LP conversation focusing on some key terms for institutional investors, moderated by NYSCRF’s General Counsel. Panelists will also open it up to any questions attendees may have. Come to get a better understanding of issues from the LP perspective and submit any burning questions you may have in advance to [email protected], for an interactive dialogue.

Joyce Abernethy, General Counsel
New York State Common Retirement Fund

Jon K. Jurva, Partner
ArentFox Schiff LLP

Kimberly V. Mann, Shareholder
Shulman Rogers

 

About the Panelists

Moderator: Joyce Abernethy, New York State Common Retirement Fund

Joyce Abernethy oversees the day-to day work of investment, corporate governance and securities litigation attorneys and she manages outside investment counsel.  Joyce provides advice across the portfolio on investment negotiations, existing investments, new investment strategies and structures, as well as on the Fund’s ESG Strategy and related policies. In addition to serving as CRF’s fiduciary counsel, she regularly advises on compliance and regulatory matters.  

Jon K. Jurva, ArentFox Schiff LLP

Jon Jurva represents public pension plans, foundations, endowments, funds of funds, and other institutional investors in making venture capital, real estate, private equity, and hedge fund investments. In addition, Jon represents general partners in the formation and operation of a variety of private investment funds and funds of funds. During his work with general partners and limited partners, he has advised clients on numerous matters relating to the operation of private investment funds, including key person events, management transitions and other significant events.

Kimberly V. Mann, Shulman Rogers

Kimberly Mann is a Shareholder at Shulman Rogers, where she co-leads the investment funds practice. She represents institutional investors, corporations, family offices and high-net-worth individual investors in connection with investments in private investment funds, co-investments, direct investments and secondary transactions. She also represents fund sponsors, registered investment advisers and exempt reporting advisers, primarily in the middle market, on matters pertaining to fund formation and regulatory compliance.  

Moderated by Anastasia Titarchuk, CIO & Deputy Comptroller of the NYS Common Retirement Fund, this panel will feature a dynamic and candid conversation with founders across asset classes who have launched their first funds.

Lisa Melchoir
Vertu Capital Partners

Kerstin Dittmar
L2 Point Management

Jennifer Keith
Ethos Real Estate Partners

David Perez
Avance Investment Management

About the Panelists

Lisa Melchoir, Vertu Capital Partners

Lisa Melchior is the Founder and Managing Partner of Vertu Capital. Founded in 2017 and headquartered in Toronto, Canada, Vertu Capital is a private equity firm that invests in high potential global technology companies, with a focus on software and software enabled businesses. Vertu’s mission is to partner with management teams of market leading and scaling companies to accelerate and support the next stage in their growth journey. Vertu’s team brings decades of domain experience, best practices, actionable value creation strategies and a deep network to its portfolio investments. Vertu has offices in Toronto and Montreal.

Kerstin Dittmar, L2 Point Management

Kerstin Dittmar is the founder and Managing Partner of L2 Point Management, a Latina-owned manager focused on structured equity solutions for late-stage growth companies. L2 Point targets investments intended to provide “growth-equity-like” returns at a portfolio level, with significantly lower volatility of outcomes, while addressing a risk reward gap left in between credit and equity funds. L2 Point has approximately $400 million in AUM and has completed over $300 million of transactions since launching in 2019. Ms. Dittmar previously led the structured equity strategy for TPG Sixth Street Partners, a $70+ billion AUM special situations platform. Prior to TSSP, Ms. Dittmar worked in the Americas Special Situations Group at Goldman Sachs.

Jennifer Keith, Ethos Real Estate Partners

Jennifer Keith is a Managing Partner with Ethos Real Estate and is responsible for investment strategy and execution. Jennifer’s career includes investment banking, private equity, distressed debt and public-private partnership experience. She also brings to Ethos a deep expertise in California public policy, land use, affordable housing and building political, community and financial stakeholder consensus.

Jennifer holds a Master of Real Estate Development from the Sol Price School of Public Policy at the University of Southern California and a Bachelor of Arts in Economics and German Literature from the University of Virginia. Jennifer is active in a number of leadership positions including Vice Chair of the ULI Public Private Partnership Council, Co-Chair of the LA Business Council Housing and Transportation Committee and member of the board of Coro Southern California and Mercy Housing California. Jennifer was also recently re-appointed by the California State Insurance Commissioner to serve as Vice Chair of the California Organized Investment Network (COIN) Advisory Board as an expert practitioner in the affordable housing space.

David Perez, Avance Investment Management

David Perez is a Co-founder and a Managing Partner of Avance Investment Management, LLC. Prior to founding Avance, Mr. Perez was the President and COO of Palladium Equity Partners. Prior to Palladium, Mr. Perez had several senior private equity roles, including Principal of General Atlantic Partners and Atlas Venture and Senior Associate of Chase Capital Partners. Mr. Perez started his career with James D. Wolfensohn and Co, focused on mergers and acquisitions.

Mr. Perez earned his B.S. in Systems Engineering from Dresden University of Technology, a M. Eng. in Engineering Management from Cornell University, and an MBA from Harvard Business School. Mr. Perez is a member of the Council on Foreign Relations, a Co-Chair of the Harvard University Cuba Studies Advisory Group, President of the Board of Trustees of Trinity School in New York City, and a longstanding board member and former President of the Board of Ballet Hispánico. He also served as Chairman of the Board of the NAIC. Mr. Perez lives in New York with his wife and three children.

Orlando Bravo is a Founder and Managing Partner of Thoma Bravo. He led Thoma Bravo’s early entry into software buyouts and built the firm into one of the largest software investors in the world. Today, Orlando directs the firm’s strategy and investment decisions in accordance with its principles of partnership, innovation and performance.

Orlando has overseen over 455 software and technology acquisitions conducted by the firm, representing more than $255 billion in enterprise value. Forbes named him “Wall Street’s best dealmaker” in 2019, and he was dubbed “Private equity’s king of SaaS” by the Financial Times in 2021.

Orlando was born in Mayaguez, Puerto Rico. He graduated Phi Beta Kappa with a bachelor’s degree in economics and political science from Brown University in 1992, and earned a JD from Stanford Law School and an MBA from the Stanford Graduate School of Business in 1998.

He is the Founder and Chairman of the Bravo Family Foundation, which aims to provide young adults in Puerto Rico with access to opportunity. In 2019, Mr. Bravo committed $100 million to the Foundation’s Rising Entrepreneurs Program (REP) with the goal of fostering entrepreneurship on the island. In addition, he has been personally involved in responding to the hurricanes that have devastated communities across Puerto Rico, providing an additional $20 million in funding for humanitarian and relief efforts following Hurricanes Maria (2017) and Fiona (2022).

The Orlando Bravo Center for Economics Research at Brown University supports innovative research, training and collaborative projects for faculty and students in the Department of Economics. At Stanford Law School, Orlando created the Bravo Family Public Interest Post-Graduate Fellowship Fund to support students seeking full-time employment in public interest.

Orlando’s philanthropic interests also include causes in healthcare. He endowed faculty scholar and fellow positions at Stanford University’s Sean N. Parker Center for Allergy Research and supports a wide range of medical research. He is a member of the Board of Trustees at Memorial Sloan Kettering Cancer Center.

Orlando is a Member of the Board of Trustees of the Corporation of Brown University.