Teaser Intro to Fall 2017 Course: Project Finance & Infrastructure Investment

Paul Tice

Paul Tice is a Senior Managing Director and Head of the Energy Capital Group in the Asset Management division of U.S. Capital Advisors LLC, an energy-focused financial services boutique. Prior to joining USCA in 2015, he worked at BlackRock, where he was the Head of private energy investments for the firmÔÇÖs Credit platform and Americas Fixed Income business, while also serving as the Lead Portfolio Manager for the Energy Strategy book within BlackRockÔÇÖs R3 Fund.

Prior to joining BlackRock in 2009, Mr. Tice was the Chief Operating Officer, Co- Chief Investment Officer and a Senior Partner of R3 Capital Management, a multi-strategy, credit-focused hedge fund manager that was spun out of Lehman Brothers in May 2008 and subsequently acquired by BlackRock in April 2009.

Prior to R3, Mr. Tice worked for a total of 14 years at Lehman Brothers (2002- 2008, 1989-1997) in a variety of roles, most recently as a Managing Director in the firmÔÇÖs Global Principal Strategies (GPS) division, an internal, credit-focused proprietary fund that was formed in June 2006 and spun out in May 2008. While at GPS, Mr. Tice supervised the fundÔÇÖs investments in the energy and power sector, while also managing the overall GPS research effort and approving all private equity and longer-term investments by the fund.

Prior to joining the GPS group in 2006, Mr. Tice spent 17 years in sell-side credit research, both at Lehman Brothers and Deutsche Bank/Bankers Trust (1997- 2002), where he mainly covered the energy sector, both as a senior analyst and a producing manager.

Mr. Tice has covered the energy sector since 1995 and was one of the top- ranked Investment Grade Energy analysts over 1995-2006. In 2006 and 1998, he was the #1 ranked Investment Grade Energy analyst on Institutional InvestorÔÇÖs All-America Fixed Income Research Team. Prior to originally joining Lehman Brothers in 1989, Mr. Tice was a senior financial analyst at JPMorgan Chase. Mr. Tice has previously served on the Board of Directors for Lightfoot Capital Partners GP LLC and Richland-Stryker Investment LLC, two investment portfolio companies of the R3 Fund.

Mr. Tice earned a BA degree in English, magna cum laude, from Columbia University in 1983, and an MBA degree in Finance from the Leonard N. Stern School of Business at New York University in 1988. He is a member of Phi Beta Kappa.

Mr. Tice is currently Executive-in- Residence at the Leonard N. Stern School of Business at New York University, where he is a guest lecturer, panel speaker and research contributor, and periodically writes Op Ed pieces on energy-related topics in the Wall Street Journal and other news media.

Ingo Walter

Ingo Walter holds the Seymour Milstein Chair in Finance, Corporate Governance and Ethics Emeritus at the Stern School of Business, New York University.

He has been on the faculty at New York University since 1970. From 1971 to 1979 he was Vice Dean for Academic Affairs and subsequently served a number of terms as Chair of International Business and Chair of Finance. Subsequently he served as Director of the New York University Salomon Center for the Study of Financial Institutions from 1990 to 2003 and Director of the Stern Global Business Institute from 2003 to 2006. He was Dean of the Faculty of the Stern School from 2008 to 2012.

Prof. Walter has had visiting professorial appointments at the Free University of Berlin, University of Mannheim, University of Zurich, University of Basel, the Institute for Southeast Asian Studies in Singapore, IESE in Spain, University of Western Australia and various other academic and research institutions. He also held a joint appointment as Professor of International Management at INSEAD in France and Singapore from 1986 to 2005, and remains a Visiting Professor there.

His current areas of academic activity include international financial intermediation and banking. He has published papers in most of the professional journals in international economics and finance, and is the author, co-author or editor of 27 books, most recently The Infrastructure Finance Challenge (London: OpenBook, 2017).

He has served as a consultant to various corporations, banks, government agencies and international institutions, and has held a number of board memberships.

Prof. Walter received his A.B. summa cum laude and M.S. degrees from Lehigh University and his Ph.D. degree from New York University.