GPFAC’s Project Finance Advisory Team includes the following Principals:
• Paul Barbian
• Ruth Beckers
• Fabio Catellanos
• Karine Khatcherian
• Alok Mathur
• Jim McCrea
• David Stevens
• Julie Stewart
• William Streeter
This team has closed $__ billion in project finance transactions worldwide.
GPFAC’s team includes David Stevens, who was the CEO of XL Capital Assurance (“XLCA”) and a member of Municipal Bond Insurance Association's management team. In these top management roles, David has overseen and approved in excess of $100 billion of underwriting in financial guarantees (note, this figure has not been included in the closing experience presented above). David also is the CEO of Ascending Markets Financial Guarantee Corp. ("AMF"), a company he is in the process of launching. AMF will offer currency-matched, long-term loan guarantees for infrastructure and renewable energy projects in emerging markets worldwide. These loan guarantees would be rated AAA (National scale in each country) and the funding would be provided by institutional investors and pension funds.
Others, who also are part of the AMF team, include Fabio Castellanos, who is based in Colombia and has extensive experience in Latin America ($6 billion in various corporate and export finance transactions) and Bill Streeter who has unique experience with rating agencies and municipal bonds as well as a deep knowledge of the Asian market.
GPFAC’s team includes 5 members from the credit origination team at the Loan Program’s Office at the US Department of Energy (“DOE”), including Jim McCrea who led that team and was actively engaged in the underwriting of over $24 billion in renewable energy transactions, with a loss record below 50 basis points. This was a remarkable achievement considering that DOE’s charter does not permit the financing of technologies that are commercially proven. In all, Jim has closed $___ billion in project finance transactions and has established clear leadership in the renewable energy sector. Other members of the DOE credit team include:
Paul Barbian. Member of AMF team; Closed $20 billion project finance deals; Head of project finance in Europe for UBS; Middle-East Joint Ventures; strong IPP experience; US Department of State. MBA Georgetown University
Karine Khatcherian. SVP, GE Capital; MD, Enervest; European utilities experience; Project Development; Masters in finance and engineering, ESA Grenoble (France)
Alok Mathur. Member of AMF team. Founder and President of GPFAC; Closed $21.4 billion project finance deals; supported $7.1 billion solar portfolio at DOE; lived and worked in US, Switzerland, and India; Head, ABB Financial Services (India); MS, SUNY; MBA, NYU
Julie Stewart. Member of AMF team; Closed $13.1 billion project finance deals; Risk and insurance consulting experience; Business Development at GPU and Enserch; GE Capital Structured Finance. MBA Dartmouth
Finally, GPFAC’s team includes Ruth Beckers who is based in South Africa and has extensive experience in Europe, Middle East and Africa. Ruth has closed $16.1 billion worldwide and also is a very experienced instructor for courses in Project & Structured Finance and Financial Modeling. She will also be a member of AMF.
In the near future, GPFAC intends to appoint additional team members who will be based in key emerging markets that have a strong deal flow.