Technical Assistance


Gregory Hummel

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

Bryan Cave Leighton Paisner LLP

Gregory W. Hummel is a partner with Bryan Cave LLP. Since the late 1980s, his practice has been principally concentrated in public/private partnership matters. Mr. Hummel served as legal counsel to some of the nation's largest banks, insurance companies, construction companies and real estate developers. He represented clients in all facets of acquisition, zoning, construction, financing, leasing, management and disposition of office, retail, industrial and residential projects. This real estate development, finance and construction experience provides him with grounding in real estate and other transactions that imbues his advice on public-private partnership matters with an uncommon business acumen. He has acted as bond counsel or underwriter's counsel in transactions involving many large master-planned residential communities and mixed-use commercial developments and district energy projects, aggregating several billion dollars. He has also acted as project counsel to several municipalities undertaking redevelopment of downtowns, brownfields or master-planned communities, representing new investment aggregating hundreds of millions of dollars. Mr. Hummel has acted as incentives counsel to a number of America's largest companies and has garnered incentives aggregating tens of millions of dollars for several of these companies. Mr. Hummel received his B.A. cum laude from MacMurray College and his J.D. from Northwestern University School of Law, where he was an editor of the Journal of Criminal Law and Criminology.

Emmett Kelly

P3 in the United States: Key Characteristics and Drivers
Wednesday June 29 1:15 - 1:45 PM

Frost Brown Todd LLC

Emmett is a member in the Columbus office and practices in the Lending and Commercial Services and Government Services practice group. He has served as bond counsel, structuring counsel, underwriter's counsel, developer's counsel and purchaser's counsel for various taxable and tax-exempt project and revenue bond financings, including private activity bonds (IDB's), municipal, education, health care financings, renewable and alternative energy, and traditional general obligation, 501 (c)(3) issues.

He serves as bond counsel and special counsel on economic development financing and incentive projects utilizing tax increment financing, joint enterprise development districts, enterprise zones, energy special improvement districts, and community reinvestment areas. Emmett also serves as counsel to economic development entities such as community improvement corporations, new community authorities, regional planning commissions, convention facilities authorities, water and sewer districts, and port authorities on general, economic development and special obligation revenue financing matters. In the traditional general obligation area, he serves as bond counsel, underwriter's counsel and purchaser's counsel for general obligation, special obligation revenue bond and note financings for municipalities, school districts, counties, townships, port authorities, convention facilities authorities and other public sector entities.

In the area of property assessed clean energy (P.A.C.E.), renewable and alternative energy projects and on P3's (public/private partnerships) transactions Emmett has served as legal counsel and as a consultant. He has worked on P3's, which have included tax increment financing, special assessments, private equity and assets, and governmental services and assets, for land development projects and public works.

Seth Kirshenberg

Negotiating the Terms & Managing Risk
Thursday June 30 12:15 - 2:15 PM

Kutak Rock LLP

Seth Kirshenberg is a Partner at Kutak Rock LLP and has worked on the financing and structuring of over $20 billion in public private partnership (P3) transactions and has worked on some of the largest federal real estate transactions in the United States. He has over 30 years of experience as a transactional lawyer structuring, negotiating, documenting and closing large, complex transactions for federal agencies, states, municipalities, universities, financial entities, investors, developers, contractors, and utilities. Mr. Kirshenberg’s unique practice requires him to work on all phases of projects including procurement, design and construction, financing, management and operation, work-outs, legislative authority development, federal agency rulemaking and policy development, budgetary scoring, environment and historic analysis and everything in between.
Seth has been the Vice-Chair to the American Bar Association Privatization, Outsourcing and Financing Transactions Committee and serves on the Executive Board of the Council of Development Finance Agencies.  He has served on several DOE, DOD, EPA and other federal agency advisory boards and non-profit policy committees on real estate, environmental cleanup and energy issues. He has authored and co-authored several books, papers and guides on P3s, energy development, military base closure, the redevelopment of DOE and DOD facilities, brownfields redevelopment, and environmental cleanup. He regularly speaks at national conferences on P3s, energy financing, energy transaction structures, real estate, and financing issues, and has published numerous articles on redeveloping federal facilities.  Seth also serves as the Executive Director of Energy Communities Alliance.

Lauren Mack

Understanding Public-Private Partnerships
Wednesday June 29 12:30 - 1:15 PM

The P3 Capital Stack: Balancing Debt & Equity
Wednesday June 29 3:30 - 5:00 PM

Reyes Kurson, Ltd.

Lauren has over 30 years’ experience in financing (tax-exempt, taxable and public-private partnerships), federal tax, non-profit organizations, health care, corporate, and governance matters. She works with clients to provide practical solutions to their real-world problems. Lauren has been involved in a wide range of public financing transactions, serving as bond counsel and issuer’s counsel, as well as advising borrowers (including health care organizations, cultural institutions, schools and universities, and Indian tribal governments), underwriters, and banks (as direct lenders, liquidity providers and letter of credit providers) on tax and other matters. She advises clients with respect to transaction structuring, as well as post-closing covenant and tax compliance. She also represents clients before the IRS in connection with audits, closing agreements under the IRS’ Voluntary Compliance Program, and private letter rulings. Lauren also advises clients on corporate transactional and financing matters, including issuance of public and privately placed debt, use of special purpose vehicles, public-private partnerships and other joint ventures, and corporate acquisitions and dispositions. Her representative clients include corporations, municipal entities, commercial lenders, and credit enhancers. She works with the client’s financial team on transaction structure, due diligence, documentation, continuing disclosure, and post-closing covenant compliance. Lauren received her J.D. from Duke University School of Law, graduating with distinction. She received her B.B.A. in Accounting from the University of Notre Dame.

John Medina

Unique Models and Other Ways to Think About P3
Thursday June 30 4:00 - 5:00 PM

Vice President - Senior Credit Officer
Moody's Investors Service

John is a Vice President – Senior Credit Officer in Moody’s Global Project and Infrastructure Finance Team covering a diverse portfolio of project financings, public-private partnerships (PPP/P3), and municipal infrastructure issuers in the transportation, power, energy, digital, social and environmental infrastructure sectors. John speaks at several conferences each year on various infrastructure topics, organizes Moody’s annual US Infrastructure and Project Finance conference, authors research across sectors, leads Moody’s global PPP task force, and annually leads several new rating assignments for new PPPs or project financings in the US and Canada. Before joining the Infrastructure and Project Finance Team in 2010, John spent two and a half years as a lead analyst for local governments and enterprises in Moody’s Eastern Regional Ratings Team where he was the lead for municipal issuers in Pennsylvania and New York while also covering municipal issuers in New Jersey, Virginia, and Florida. John also helped launch Moody’s NY Multicultural Employee Resource Group and Moody’s NY LGBTA Employee Resource Group as a founding steering committee member.

Mark Morehouse

Identifying P3 Projects and Knowing the Atmosphere
Wednesday June 29 2:00 - 3:15 PM

Managing Director
Oppenheimer & Co. Inc.

Mark Morehouse is a Managing Director at Oppenheimer, focused on P3 Investment Banking and based in Chicago. He joined the firm in August 2017 and has over 16 years industry experience, with a focus on transportation infrastructure.

Mr. Morehouse is responsible for originating and executing P3 advisory and capital raising engagements in the transportation, social infrastructure and water sub-sectors in the US and globally. His most recent activity includes leading the execution teams on airport, parking, bridge, social infrastructure and transit P3 assignments for both public- and private-sector clients.

Mr. Morehouse previously worked as Managing Director and head of P3 Investment Banking at William Blair and Director at Credit Suisse, where he was head of coverage for airlines and airports throughout the Americas.

He led the P3 financial advisory efforts on two groundbreaking airport transactions under the FAA Pilot Program: the long-term concessions of Chicago Midway International Airport and San Juan Luis Munoz Marin International Airport. His airport transaction experience also includes engagements throughout Latin America, most notably Mexico, Argentina and Brazil.

Mr. Morehouse’s global airlines expertise includes sell-side and buy-side M&A advisory, debt and equity financings for major carriers, start-ups and aircraft lessors.

He received his B.S. in Chemical Engineering and his M.B.A. from Rice University.

Brian Oakley

Negotiating the Terms & Managing Risk
Thursday June 30 12:15 - 2:15 PM

Executive Vice President, Public Infrastructure Advisory
Jones Lang LaSalle

Mr. Oakley has over 28 years of experience in providing financial advisory services to public and private infrastructure clients. He has advised on a wide variety of P3 transactions, ranging from energy services to recreational facilities and has represented public sponsors, private developers and project lenders. For the past 20 years, Mr. Oakley has advised USDOT’s TIFIA loan program and has advised on over a dozen transportation P3s involving a myriad of alternative delivery methods and financing structures. Typically, these financings blend a variety of financing sources to achieve meaningful risk transfer at a low blended cost of capital. In other cases, the sponsors elect a more traditional financing approach that utilize long-term debt combined federal aid funding. Mr. Oakley also advises sponsors and lenders on energy generation and efficiency projects utilizing alternative finance structures.

Zeyu Zhang

Welcome & Overview
Wednesday June 29 12:00 - 12:30 PM

Revisiting Day 1
Thursday June 30 12:00 - 12:15 PM

Manager, Research & Technical Assistance
Council of Development Finance Agencies

Zeyu Zhang is a Manager of Research & Technical Assistance for the Council of Development Finance Agencies (CDFA). Her focus areas include bond, infrastructure finance, energy, PACE, and P3. She contributes to the team by managing federal programs, conducting research on development finance-related topics, generating reports, and performing data analysis.

Zeyu received her Ph.D. degree in Mass Communication at Ohio University in 2021. She has expertise in media studies, research designs, and data analysis. She has a Master’s degree in Digital Storytelling from Ball State University. Prior to joining CDFA, she worked as a researcher, instructor, research assistant, and program assistant. She is excited to advance her career by deepening her knowledge in the field of development finance.

CDFA National Sponsors

  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • Cirrus Secure
  • CohnReznick
  • Frost Brown Todd LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • National Development Council
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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