The LPs’ perspective of the Future of Private Capital (1:20pm – 2:20pm)
Adams Street Partners
Jeff is a Partner primarily specializing in leveraged buyouts & growth capital, mezzanine and distressed debt fund investments. He is responsible for managing relationships with several of Adams Street’s managers including ABRY Partners, Bain Capital, Caltius Mezzanine, Genstar Capital, Leonard Green & Partners and TPG. He actively participates in all fund investment decisions at Adams Street.
Prior to joining Adams Street Partners in 2002, Jeff was an equity research analyst at Goldman, Sachs & Co, providing research coverage of the US telecommunication services sector. In addition, Jeff has over six years of consulting experience with A.T. Kearney, IPC Group and Arthur Andersen in the areas of strategy development, valuation, operational improvement and litigation support.
Jeff is a Certified Public Accountant. He sits on advisory boards for ten private equity firms within the Adams Street Partners portfolio.
EDUCATION: University of Notre Dame, BA - University of Chicago, MBA
Former Board Member
Institutional Limited Partner Association (ILPA)
Mr. Franklin has worked with the Institutional Limited Partners Association for 11 years as a Board member, Treasurer and participant on a number of research committees. The ILPA is a non-profit organization with 260 global members controlling over $1 trillion in private equity capital. Mr. Franklin was a Managing Director of Conversus Asset Management, LLC., the manager of Conversus Capital (Euronext: CCAP). With $2 billion in assets under management, Conversus is the largest publicly traded portfolio of third party private equity LP interests. Here he led the Conversus investment team in sourcing, evaluating and closing primary, secondary and direct co-investment opportunities and was a member of its investment committee. Prior to founding Conversus in July of 2007, Mr. Franklin managed Bank of America’s portfolio of $11 billion in original commitments to private equity limited partnership investments. In this capacity, he was Chairman of the Investment Committee from 2000 and a member of the Principal Investing senior management team from 1994. His industry leadership role led to the development of a premier private equity portfolio management system and he has chaired a private equity industry group assessing reporting issues in the industry. In 1977, Mr. Franklin joined the predecessor bank Continental Illinois. His assignments covered a wide spectrum of the Company’s domestic and global business operations including capital markets, securities trading, investment and corporate banking, as well as principal investing. Mr. Franklin received his MBA from DePaul University in 1981 and his BS from the University of Illinois, Chicago, in 1977. He is a Certified Public Accountant.
Hamilton Lane Advisors
Tom is a Managing Director at Hamilton Lane where he is responsible for direction and oversight of the firm’s Secondary Investment platform and is a member of the Secondary Investment Committee. In this capacity, Tom is active in secondary deal sourcing and execution. In addition, Tom is a member of the firm’s Portfolio Strategic Group, which is responsible for directing the firm’s strategic investment approach. Tom began his career at Hamilton Lane in 1999 and most recently was a member of the Fund Investment Team, where he was responsible for due diligence of primary fund investment opportunities.Prior to this, Tom was responsible for the coordination and management of the firm’s client relationship and reporting activities.
Prior to joining Hamilton Lane, Tom spent two years at BISYS Plan Services where he was responsible for the investment activities of institutional defined benefit plans. Tom received an M.B.A. from Saint Joseph’s University and a B.S. in Finance from Rider University
Randal W. Ralph
Northwestern Mutual Capital, LLC
Mr. Ralph joined Northwestern Mutual Capital (Milwaukee, WI) in 2000 and moved over to its Private Equity Funds Group during 2004. While his primary focus is U.S. mid and large cap buyout funds, he also has underwritten European, Asian, Distressed, and Energy funds. Prior to Northwestern, Randy had 13 years of investing and lending experience with ING Investment Management (Atlanta) and Mellon Bank (Pittsburg and Chicago). Since 1990, he has invested in 230 transactions totaling $4.9B across the various private asset classes, including IG debt, structured product, mezzanine, co-invest equity, and private equity funds. Randy holds a MA in History from Indiana University and a BSBA in Finance from Georgetown University.
James A. McNair
Senior Managing Director
Corinthian Capital Group, LLC
Mr. McNair is a Senior Managing Director of Corinthian Capital Group, serves on the Investment Committee and manages the firm’s Chicago regional office. Corinthian is a small and middle market private equity buyout firm headquartered in New York City. At Corinthian, Mr. McNair is involved with deal origination, transaction processing and portfolio company management. Mr. McNair is a Director of four Corinthian portfolio companies.
From 2000 to 2005, Mr. McNair was a Managing Director of Lincolnshire Management, and he managed the firm’s Chicago regional office. At that time, Lincolnshire was a small and middle market private equity buyout firm headquartered in New York City. From 1988 to 1997, Mr. McNair was a Vice President, a Senior Vice President, the Head of Business Development and a member of the Board of Directors at Jordan Industries. At that time, Jordan Industries was a $700 million in sales, small and middle market private equity buyout conglomerate located in Chicago and an affiliate of The Jordan Company.
Before Jordan Industries, Mr. McNair was a mergers and acquisitions investment banker at Drexel Burnham Lambert and at Manufacturers Hanover Merchant Banking Group; both firms were based in New York City.
Mr. McNair is a graduate of Yale University (B.A. 1979) and The Johnson Graduate School of Management at Cornell University (M.B.A. 1983). Mr. McNair is a member of the Advisory Council for the Entrepreneurship@Cornell University program and of the Advisory Council for the Association for Corporate Growth, Chicago Chapter.