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Ignacio Barandiaran

Unique Models and Other Ways to Think About P3
Thursday June 13 4:00 - 5:00 PM

Principal
ARUP

Ignacio Barandiaran is a Principal at Arup’s San Francisco, California office and is a member of Arup’s Board of Directors in the Americas region. He heads Arup’s Advisory Services in North and South America, leading a team of financial and technical infrastructure specialists delivering economics and strategy advice, due diligence, and financial advice.

Ignacio’s expertise has provided a notable impact to a variety of projects in the US and abroad. Within the last six years Ignacio has undertaken over sixty infrastructure advisory assignments representing over $60 Billion in aggregate project value. These include pathfinder projects in California such as the Long Beach Civic Center, the Presidio Parkway, and the City of Rialto Water Utility. Ignacio is currently advising the City of Los Angeles on the financing of its Convention Center expansion project and the City of Denver on the development of a policy and program for its portfolio of future P3 projects.

Ignacio is a graduate of Oxford University, England (BA) and the University of California at Berkeley (MArch, MS, and MBA).


Gregory Daniels

Negotiating the Terms
Thursday June 13 12:15 - 1:15 PM

Partner
Squire Patton Boggs

Greg Daniels’ practice focuses on the creation and implementation of public-private partnerships from both public and private sector client perspectives. He has negotiated and drafted a broad scope of contracts on behalf of business and governmental entities including numerous incentive, development and infrastructure agreements; various asset and real estate purchase contracts and leases; various secured financing and loan agreements; and facility construction, operation and maintenance agreements.

A significant portion of Greg’s practice is committed to serving as bond counsel for various counties, cities, villages, townships, new community authorities and other governmental entities in connection with the tax-exempt and taxable financing and refinancing of capital improvement projects including general obligation, special assessment, utility revenue, tax increment financing revenue and new community authority revenue. He also serves as underwriters’ counsel and borrowers’ counsel in similar financings.

Greg is recognized in the 2013 edition of The Best Lawyers in America and was listed in the 2009 and 2012 editions of Ohio Super Lawyers – Rising Stars. He is a member of the Ohio State Bar Association and is an elected board member of the Ohio Government Finance Officers Association.


Dennis Enright

Understanding Public-Private Partnerships
Wednesday June 12 12:30 - 1:00 PM

Principal
NW Financial Group

Dennis J. Enright is a founding member and Principal of NW Capital specializing in complex infrastructure, governmental and real estate transactions, including public private partnerships. Mr. Enright is a nationally recognized expert in toll road asset monetization and has appeared before the US Congress to deliver expert testimony on public private partnerships. Mr. Enright has undertaken assignments in transportation, solid waste, water, wastewater, healthcare, housing, and real estate. His leadership in the innovative restructuring of a public facility to a public private partnership led to a “Deal of the Year “Award for the $360 million Union County Utility Authority bond financing in 1998. His transportation expertise resulted in a “Deal of the Year” award for the $2.4 Billion New Jersey Turnpike Authority transaction merging the New Jersey Turnpike and the Garden State Parkway. Mr. Enright has authored detailed analyses of both the Chicago Skyway and Indiana Toll Road P3 transactions that have provide transparency to the underlying economics of the deals.

Prior to forming NW Capital, Mr. Enright served as Senior Managing Director of NatWest Bank and was responsible for governmental advisory services and underwritings. During his tenure at NatWest, he was responsible for providing services in: municipal finance; institutional advisory products; private placements; bond underwritings; tax credit investments; letters of credit; and bridge loans. Prior to joining NatWest Bank, Mr. Enright operated Enright & Company, a private investment banking firm, which handled over $5 billion of financing assignments in its 9 years of operations. Enright & Company was awarded an Institutional Investor “Deal of the Year” for its work at the New Jersey Highway Authority.

Mr. Enright has over 35 years of experience in all aspects of financial advisory and investment banking, Mr. Enright started his career in the public sector for eight years and held the position of Jersey City’s Director of Planning and Development, where he was responsible for the master planning of the Hudson River waterfront revitalization.


Seth Kirshenberg

Welcome & Overview
Wednesday June 12 12:00 - 12:30 PM

Identifying P3 Projects and Knowing the Atmosphere
Wednesday June 12 2:00 - 3:15 PM

Revisiting Day 1
Thursday June 13 12:00 - 12:15 PM

Partner
Kutak Rock LLP

Mr. Kirshenberg is a Partner in the Washington, DC office and is the firm’s co-chair of the national energy group and P3 infrastructure groups.  He advises clients in the acquisition, selling, leasing and development of domestic and international energy projects.  He has worked on the financing and structuring of over $15 billion in government privatized transactions. He regularly structures, negotiates, documents and closes large, complex transactions for lenders, developers, contractors, utilities, federal agencies, state entities, municipalities and reviews such transactions for rating agencies. Mr. Kirshenberg’s unique practice requires him to work on all phases of projects including design and construction, financing, operation, work-outs, legislative authority development, federal agency policy, procurement and budgetary scoring, and everything in between.
 
In the energy arena, Mr. Kirshenberg has closed transactions involving energy efficiency, smart-grid, battery storage, smart-house demonstration, photo-voltaic (PV), low-flow turbine generation, wind, co-generation facilities, bio-fuel facilities, energy savings performance contracts (ESPCs), utility energy savings contracts (UESCs), PACE, and other energy projects. He is working on small modular reactor projects, tri-generation projects and first of a kind energy production and storage projects. 


Jesse Kula

P3 in the United States: Key Characteristics and Drivers
Wednesday June 12 1:00 - 1:45 PM

Director
Bostonia Partners LLC

Jesse G. Kula has over 10 years of experience in the financial services industry with a focus on advising, evaluating, and structuring public and private energy efficiency, renewable and alternative energy, and distributed generation projects for execution in the capital markets. As part of Bostonia Partner’s Sustainable Infrastructure Group, Mr. Kula has worked on over $3 billion of energy projects within the federal, commercial, municipal, university, and healthcare market sectors, including a number of public/private partnerships (“3P”) that were structured utilizing government lease authority, energy performance services contracts, and energy services agreements.  Mr. Kula is a graduate of Northeastern University, where he received a Bachelor of Arts degree, magna cum laude, in English, and holds a Masters in Business Administration from Boston University.
 
Bostonia has received several awards for its work on 3P transactions from a number of prestigious and nationally recognized organizations. In 2011, the Virgin Islands Energy Alliance program, an energy conservation and renewable energy program developed by Bostonia to serve all rate classes of the Virgin Islands Water and Power Authority (WAPA),  received an award for innovation by the National Council of Public-Private Partnerships.  In July 2013, the Council of Development Finance Agencies named Bostonia Partners as the winner of the CDFA Excellence in Energy Finance Award for their work in structuring and executing on a secondary market sale of the Keystone HELP portfolio for the Commonwealth of Pennsylvania.


Thomas Mulvihill

The P3 Capital Stack: Balancing Debt & Equity
Wednesday June 12 3:30 - 5:00 PM

Managing Director
KeyBanc Capital Markets

Tom Mulvihill is a Managing Director and Group Head of KeyBanc Capital Market’s Infrastructure and Public-Private Partnerships (P3) Business.  He brings more than 20 years of U.S. Capital Markets experience from both public and project finance. Tom’s experience includes strategic and financial advisory services, transaction structuring, procurement and execution for clients in the transportation, social infrastructure and utility sectors.

Prior to joining Key, Tom was a Managing Director with KPMG Corporate Finance in their Infrastructure Advisory practice focusing on Public-Private Partnerships.  He served clients such as New York City (Economic Development Corporation; Office of Management and Budget; and Department of Environmental Protection); Dormitory Authority of the State of New York; Nassau County, NY; Massachusetts Bay Transportation Authority; Amtrak; Massachusetts Department of Transportation (DOT); Pennsylvania DOT; Virginia DOT; Florida DOT; Puerto Rico Public-Private Partnerships Authority; Purdue University; Long Island University; University of Massachusetts Building Authority; and Yonkers Public Schools.

Prior to joining KPMG, Tom spent more than 15 years in the financial guaranty insurance industry for companies such as XL Capital Assurance (XLCA) a “start-up” company where he helped establish and lead their U.S. Infrastructure and P3 Business.  Tom served as a member of the Public Finance Team including the Credit Committee.  He also worked at Ambac Assurance where he led their Sports Finance Business and was a senior member of the Public Finance Team.  While in the financial guaranty industry, Tom served clients such as: Cintra/Ferrovial; Macquarie; Babcock & Brown; John Laing; Los Angeles Dodgers; New England Patriots; St. Louis Cardinals; Denver Broncos; Georgia State University; University of Arizona, University of Maryland – University Park, Slippery Rock University among others.

Tom earned his Bachelors in Business Administration and Masters in Business Administration from Pace University. He is a Finra-registered representative with his Series 7 (General Securities Representative), 24 (General Securities Principal) and 63 (Uniform Securities Agent – State Law) licenses.


Jong Sook Nee

P3 Case Studies
Thursday June 13 2:30 - 4:00 PM

Member
Nee Plata Law LLC

Jong Sook has developed her practice in various fields, including commercial lending and banking, public finance, tax exemptions, governmental law, commercial leasing, housing, land use and public private partnerships.  These disciplines have allowed her to develop a comprehensive understanding of development finance from multiple perspectives.  In addition, she has served two state governors offering policy and legal advice on state issues affecting all aspects of life, including affordable housing, universal healthcare, statewide planning and economic development incentives. Using her past experience in state government and working with local governments, Ms. Nee can provide a balanced insight into governmental policies and procedures.

Ms. Nee combines her years of experience to hone a practice that can creatively address the many issues that impact development across the spectrum, from land use approvals to federal tax credit financings.  Since no two projects are alike, no two solutions have to be.  Ms. Nee has developed expertise in the fields of redevelopment and real estate finance which has provided her with an insight into comprehensive development financial planning.  From modest commercial loan closings to complex tax credit take-out financing with multiple lenders, NP Law can structure a solution.

Ms. Nee works closely with Lillian A. Plata to structure holistic financial frameworks that service the immediate financial needs, as well as any future tax or financing interests that could be impacted.  Ms. Nee takes a holistic and proactive approach to client projects to help ensure the success of all projects, large and small.


Steve Park

Managing Risk
Thursday June 13 1:15 - 2:15 PM

Partner
Ballard Spahr LLP

Steve T. Park is a senior associate in the Public Finance Department and a member of the P3/Infrastructure, Securities, and Transactional Finance Groups at Ballard Spahr LLP. Steve advises clients in all phases of P3 projects. His experience includes representing the City of Philadelphia in the recent sale of the Philadelphia Gas Works (PGW), the largest municipally-owned natural gas distribution utility in the nation; representing Goldman, Sachs & Co. (“Goldman”), which served as underwriter to Lehigh County Authority, the winning bidder in the Allentown Water and Sewer Concession, named co-winner of the 2013 Bond Buyer “Deal of the Year” Award for the Northeast United States; representing the Pennsylvania Governor’s Office and PennDOT in the proposed concession and lease of the Pennsylvania Turnpike; and serving as special P3 counsel to Virginia DOT on the I-95 HOV/HOT Lanes Project.

Steve's P3 experience also includes advising clients in the development of new student housing, bridges, industrial facilities, and mass transit infrastructure.

Steve received his B.A. from Dartmouth College and his J.D. from the University of Pennsylvania Law School, where he served as Senior Editor of the Journal of International Economic Law. He is frequently asked to speak and write about his experience with P3, transportation and infrastructure projects.


David Rogers

Unique Models and Other Ways to Think About P3
Thursday June 13 4:00 - 5:00 PM

Member
Frost Brown Todd, LLC

David is a senior partner in the Columbus office of Frost Brown Todd LLC, a 500-lawyer firm located in 8 states, and is a member of its Public and Project Finance service team. His practice focuses on public finance, project finance, healthcare finance, structured finance, public-private partnerships (P3’s), alternative and advanced energy finance, and economic development.

As an Infrastructure Finance Expert he serves as bond counsel, structuring counsel, underwriter's counsel, developer's counsel or purchaser's counsel for both taxable and tax-exempt project financings, including public infrastructure, economic development and facilities finance for advanced energy, shopping centers, office buildings, stadiums, arenas and hotel facilities; as bond counsel, disclosure counsel and underwriter's counsel for both tax-exempt and taxable bonds and bond fund programs, including energy, housing, IDB, hospital, 501(c)(3), education and traditional issues, including P3’s and incentive programs for Ohio port authorities; and related taxable capital lease bond issues, credit tenant leases, securitizations, secondary market transactions and governmental synthetic leases. He acted as counsel to Queensland Investment Corporation, the lessee from The Ohio State University of all parking system assets in the OSU P3. He also acted as special real estate counsel to the county and placement agent's counsel for multiple bond issues financing the $275 million Ernst & Young Tower Cleveland Flats project; and he led the teams drafting the PACE (Property Assessed Clean Energy) statutes in Ohio and Kentucky, closing multiple projects thereunder.

David is also the President of the FBT Project Finance Advisors LLC consulting group, an affiliate of Frost Brown Todd and a registered municipal advisor with the SEC and MSRB. David and the members of his FBT Project Finance Advisors team have worked on project finance solutions for delivery and implementation of hundreds of infrastructure projects. They have over 75 years experience consulting on public and project finance projects, including design-build and DBFOM (design build finance operate and maintain) public-private partnerships utilizing availability payments, tolls, at-risk and other innovative delivery methods. He uses a comprehensive team approach in this work, helping clients from the earliest stages of each project through financing, construction, and project administration. He focuses on consulting governmental units and the private sector in the areas of infrastructure finance, economic development and redevelopment, real estate finance, healthcare finance, and public-private partnerships.


Riz Shah

Identifying P3 Projects and Knowing the Atmosphere
Wednesday June 12 2:00 - 3:15 PM

Principal, US Capital Projects & Infrastructure Public Sector Leader
PricewaterhouseCoopers Public Sector LLP

Riz is a partner in PwC’s Capital Projects & Infrastructure (CP&I) practice and leads the firm’s CP&I solution nationally for the public sector. Riz specializes in supporting public sector entities and global businesses involved in the delivery of large and complex multi-billion dollar capital investments and programs, working side by side with project owners, developers, financiers/investors, corporates, government entities and international contractors on improving capital project performance in the infrastructure, energy, transport, real estate, and industrial sectors.

Leveraging technology, analytics and innovative approaches, he has been publicly associated with improving the performance of some of the highest profile capital intensive projects and programs in both the public and private sectors around the globe, including the US, Europe, Asia, Africa and the Middle East markets, as well as with federal, state, local entities here in the US. Riz helps his public sector and commercial clients enhance their return on investment and reduce the associated risks that can occur during execution through capital planning and efficiency.

He has also supported organizations seeking additional funding/finance, involved in the acquisition or sale of their business or asset, capital planning and efficiency strategic initiatives, restructuring of distressed projects and portfolios, crisis management and disaster recovery, transaction advisory support, project controls, investigations and assurance services and construction dispute resolution support.

He routinely works with and presents to senior government executives and elected officials, boards, city management and state legislatures in recommending solutions, and has regularly produced reports for the construction industry and also continues to speak at major industry events. Riz also serves as a board member for the College of Architectural Engineering at Penn State University.


Stephanie Wagner

The P3 Capital Stack: Balancing Debt & Equity
Wednesday June 12 3:30 - 5:00 PM

Partner
Mayer Brown LLP

Stephanie Wagner is a partner in the Government Relations & Public Law and Infrastructure practices of the Chicago office. She practices in the areas of state and local government law, infrastructure development and public finance, representing public and private sector clients in a wide array of transactional, legislative and regulatory matters. Stephanie is recognized as "Up and Coming" in Chambers USA 2016 and 2017. Stephanie was selected as a 2017 “Rising Star” by The Bond Buyer. The publication recognized 28 “stewards of the public trust, dreamers and innovators” under 40 whose professional accomplishments “have already begun to shape the industry.”

Stephanie has extensive experience in complex government transactions, particularly in the infrastructure sector. Stephanie advises on path-breaking road, bridge, airport, parking, mass transit, convention center and social infrastructure concession and public-private partnership transactions, serving in different transactions as either government entity counsel, sponsor’s counsel or lenders’ counsel.
Stephanie also broad experience in public finance transactions. She has represented clients in tax-exempt financings as bond counsel, underwriter’s counsel, issuer's counsel, conduit borrower's counsel and credit enhancer's counsel and has participated in short-term and long-term financings involving educational institutions, 501(c)(3) corporations, multi-family housing, healthcare providers, transportation and professional sports stadiums.

Stephanie also represents clients in various state and local government matters, including in the areas of ethics, public utility tax issues and legislative drafting and statutory interpretation.


John Wendling

P3 Case Studies
Thursday June 13 2:30 - 4:00 PM

Senior Vice President
Blue Rose Capital Advisors, Inc.


John Wendling, Senior Vice President, joined Blue Rose in December 2015 and now has over 12 years of experience in public finance, having completed in excess of $3.5 billion in financings since 2006.  John is proud to provide judicious, astute advisory services to the firm’s higher education, non-profit, municipal, healthcare and corporate borrowers on the planning for and execution of all types of tax-exempt and taxable debt, debt-related derivatives, and equity transactions.  Mr. Wendling leads the firm’s P3 Advisory Practice.  John maintains a specialty in the P3 sector having completed numerous complex transactions under various financing structures.  John stays current in the P3 space through his efforts on numerous active engagements and constant communication with market participants, i.e. developers, investment bankers, feasibility consultants, architects, rating agencies, auditors, etc.  Mr. Wendling prides himself on in-depth pre-procurement project evaluation, seamless procurement processes, strategic negotiations, and steady, thoughtful transaction team management and execution. 
 
John’s unique financing and P3 experience includes Wayne State University, Southern Illinois University, University Student Housing at West Chester University, G.R.C.C. Student Village, L.L.C., College Housing Northwest, Walla Walla Community College Foundation, Double Bowler Properties Corp., Saginaw Valley State University, Miami University, Ohio University, Hawaii Pacific University, Wesley Homes, Unified Government of Wyandotte County/Kansas City (KS), Franklin County Convention Facilities Authority, Ohio Treasurer of State, Ohio Building Authority, City of Royal Oak (MI), American Foundation for Public Facilities, Roman Catholic Bishop of Orange County, as well as many others.
 
Prior to joining Blue Rose, John was a Vice President in George K. Baum & Company's Higher Education & Nonprofit Finance Group for almost five years covering higher education and nonprofits, P3 projects, as well as, the City and County of Denver including its Department of Aviation (Denver International Airport).  Previously, he also served as a banker at PNC Capital Markets for four years and as an analyst at RBC Capital Markets. 
 
Mr. Wendling has presented at numerous conferences with regard to PPP structures and student housing including OACUBO, CACUBO, Interface On-Campus Student Housing, and CCBO.  Recently, at the CACUBO annual meeting in October, Mr. Wendling moderated a panel entitled “P3 Perspectives: Three Universities…Three Different P3 Models.”  Mr. Wendling is also set to speak at NACUBO’s 2018 Annual Conference in Long Beach, CA regarding P3.
 
Mr. Wendling holds a BA in Economics from Duke University.  He has passed the MSRB Series 50 Examination to become a qualified municipal advisor representative.



CDFA National Sponsors

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  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd, LLC
  • Grant Thornton LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
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