RABINDRAN ABRAHAM

** ******* ****, *********, ** 10514 • 646-***-**** • acg3aj@r.postjobfree.com

SUMMARY

Alternative Investments Executive with a proven track record of creating billions of dollars of value in transactions that resist

conventional analysis. Able to bring extraordinary clarity to complex, illiquid financial opportunities through the formulation of

innovative and compelling frameworks for valuation, risk analysis and business management in order to monetize hidden value.

Select accomplishments include:

Secured $50M, the first large capital commitment, for LCN Capital Partners, a first-time private equity fund, by quantifying the

hybrid, illiquid investment’s unique risk/reward proposition. First real estate-related commitment made by this top ten corporate

pension fund since the Lehman bankruptcy, making them LCN’s cornerstone investor;

Saved hundreds of millions of pounds sterling by developing novel frameworks for assessing competition in the UK passenger

rolling stock market. As a result, regulators declined to force divestment of HSBC Rail (at a fire sale price) or price regulation;

Created innovative statistical and modeling methodologies to save hundreds of millions of dollars in transaction fees while

serving as the exclusive advisor to Rolls-Royce and Airbus on multi-billion dollar aircraft portfolio risk transfer transactions.

Additional strengths: Accomplished manager of cross-functional deal teams including buyers, sellers, bankers, lawyers, accountants,

industry experts, rating agencies, etc. Exceptional commitment to building consensus and trust among all parties in all dealings.

EXPERIENCE

LCN CAPITAL PARTNERS (LCN), L.P., New York, NY 2010 – 2014

Partner, Portfolio Management

Enabled LCN, as a first-time private equity fund manager investing in corporate real estate sale-leaseback (SLB) transactions, to

differentiate itself from established competitors through the development of business and investment eval uation and monitoring

methodologies that better reflected the hybrid nature of real estate SLB investments, which combine characteristics of both f ixed

income and real estate investments.

Business evaluation - Developed novel quantitative and qualitative f rameworks to assess true risk-adjusted returns against

public benchmarks (bonds, stocks, REIT indices), and to overcome the survivorship bias inherent in PE fundraising. As a

consequence secured the first large ($50 million) capital commitment for LCN (from a top ten corporate pension fund that had

not made a real estate investment since the Lehman bankruptcy). The investor was the cornerstone to a successful first close on

over $220 million in capital commitments.

Portfolio and risk management - Responsible for portfolio and individual investment valuation, portfolio optimization

including portfolio/investment exit decision making, and assessing the impact of macro and micro market conditions on

investment portfolio value and risk levels. Key focus was on (a) identifying and quantifying predictors of changes in lessee credit

quality and real estate values and (b) incorporating a robust correlation structure spanning market and credit risks .

Deal structuring - Responsible for analytics and tax-based structure optimization. On a recent acquisition, identified

opportunities to optimize the tax structure beyond those suggested by LCN’s legal and tax advisors, resulting in an additiona l

€850,000 savings on an equity investment of €13 million.

Platform build-out - Created LCN's Luxembourg-based European fund platform. Educated traditionally-trained regulators and

advisors on the unique nature of real estate SLB investing so as to secure less restrictive governance procedures, resulting in

greater certainty and speed in deal execution and cost savings.

HSBC BANK PLC, London, United Kingdom 2006 – 2009

Associate Director, Asset and Structured Finance

Developed approaches for valuing businesses and investment opportunities that reflect prospective market dynamics rather than

project from historical performance.

Business reorganization - Led the creation for HSBC Rail (owner of a third of all British passenger rolling stock) of market-

based (rather than cost-based) valuation and pricing platforms, improved data gathering practices, and more effective business

opportunity review processes resulting in increased profitability.

Competition Commission (CC) investigation of anti-competitive behavior of rolling stock lessors - Moved the CC away

from accounting-based frameworks for measuring profitability to economics-based frameworks. Developed models of

competition in markets with long-lived assets with significant sunk costs in order to demonstrate that outcomes in the rolling

stock market were consistent with competitive behavior. This work proved decisive in achieving a favorable outcome for HSBC

Rail: no forced divestiture of assets, no price regulation. Managed HSBC Rail’s legal team and economic consultants.

Corporate acquisitions and divestitures - Developed whole business valuation frameworks. Worked with rating agencies and

advisors to establish parameters for potential financing structures. Assessed tax and accounting impact of structures.

CLEAR TRANSACTIONAL ANALYTICS (CTA), New York, NY 2002 – 2005

Founder/President

Established consultancy to develop and execute strategic risk transfer and risk management solutions for aerospace clients.

Founding principles: (a) complete sharing of CTA intellectual property with all parties to a transaction so as to best serve client’s

interests – no black boxes; (b) continual advancement of IP to maintain competitive edge.

Key achievements included use of structural econometric techniques to ensure analytics were truly forward looking ; and

development of risk-neutral option-theoretic methodologies integrating risk mitigants (e.g. credit -linked asset options) and

transaction costs in exercising real options.

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RABINDRAN ABRAHAM

CLEAR TRANSACTIONAL ANALYTICS (CTA), continued 2002 – 2005

Founder/President

Exclusive advisor to Rolls-Royce - $500 million sales finance risk transfer transaction. Structured deal to save $80 million in

transaction costs: analytical framework enabled quantification of expected superior performance of client’s portfolio. Developed

term sheets and road show presentations.

Exclusive advisor to Airbus - $1.2 billion sales finance risk transfer transaction. Chosen by Airbus over Babcock & Brown and

Marsh & McLennan for advisory services.

Portfolio and risk management - Developed transfer pricing and risk management framework for all of Rolls-Royce’s sales

finance activities. Framework enabled client to evaluate sales support initiatives, manage client’s risks, communicate corporate

results and prospects to investors, analysts, and rating agencies.

MORGAN STANLEY, New York, NY 2000 – 2002

Associate, Aircraft Group & Securitized Products Group

Retained to expand MS’s range of solutions in the securitized products space . Key value add: introduction of econometrically-

grounded stochastic methodologies in order to access non-traditional sources of capital and to achieve better transaction pricing.

Risk transfer on MS’s $5 billion aircraft portfolio - Proposed transaction to transfer cash flow risk into the insurance markets

enabling MS to crystalize a gain on the acquisition of the portfolio. Traditional securitization strategies to crystalize this gain ha d

become less attractive because of increased competition from portfolio buyer s pursuing similar strategies.

Catastrophe risk securitization - $166 million transaction for a Swiss reinsurer was first ever catastrophe bond underwritten by

MS. Achieved a whole letter grade rating improvement for the transaction vs. original indications by translating the technical

know-how of experts in catastrophe risks (hurricanes, earthquakes, etc.) into a framework suitable for rating agency analysis.

THE RISCONSULTING GROUP, Boston, MA 1997 – 2000

Consultant

Structured and executed strategies for the transfer of non-traditional risks into the (re)insurance markets. Created compelling

frameworks for quantifying risk in long-tailed, illiquid asset classes that (a) employed sophisticated econometric analysis of low-

frequency data and incorporated robust correlation structures spanning market, credit and asset risk to more accurately

characterized risk/reward than approaches promoted by competitors; and (b) were relied upon by deal sponsors, (re)insurers and

rating agencies, who traditionally have used bespoke and incompatible approaches for risk analysis .

BAE Systems - Led $3.8 billion transfer of aircraft leasing cash flow and asset value risk into conso rtium of (re)insurance

companies. Deal resulted in an $800 million increase in BAE’s market value. Priced at half of what a comparable securitization

would have cost. Remains the largest deal ever of its kind.

Rolls-Royce - Placement of $400 million of aircraft risk was first ever portfolio asset value risk transfer into either the

reinsurance or capital markets. Request by Rolls to lead a follow-on transaction on a larger portfolio, which led to the creation

of my own firm, Clear Transactional Analytic s, in 2002.

Saab - Transferred $1.3 billion of aircraft risk to a consortium of (re)insurance companies, resulting in an 18% increase in Saab’s

share price. Expedited deal execution based on deep understanding of the market and its players and highly favorable reputation

with all parties to transaction.

Other notable transactions - Led transactions in automobile, shipping, and agricultural asset classes.

BOOZ ALLEN HAMILTON, San Francisco, CA 1996 – 1997

Associate

Recruited into firm’s newly-formed Strategic Leadership Practice with mandate to revitalize Booz Allen’s corporate strategy

consulting business. Key experience gained was identifying strategic needs for West Coast technology companies such as Cisco

Systems, Microsoft, HP, Apple, etc., and presenting findings to C-level management.

EDUCATION

MASSACHUSETTS INSTITUTE OF TECHNOLOGY, Cambridge, MA

Doctoral Program in Economics (ABD). Focus on microeconomics and corporate finance, 1988 – 1996 (ranked in the

top 3 in class of approximately 30)

National Science Foundation Graduate Fellow, 1989 – 1992

Teaching assistant - Corporate Finance to MBA students and Mathematical Methods to economics PhD students

HARVARD COLLEGE, Cambridge, MA

AB, Mathematics, Cum Laude in General Studies, 1986

ADDITIONAL

Interests: Hiking with my wife and children; architectural model building; sometime, mediocre harpsichordist (JS Bach)

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