AIG Investments - Alternative Investments Senior Team

Robert T. Thompson
Senior Managing Director, Head of Alternative Investments
AIG Investments, New York
Vice President
Alternative Investments American International Group, Inc.

The Alternative Investments business includes AIG Investments’ private equity, hedge fund, leveraged finance and distressed debt groups, which make direct investments and loans, distressed asset purchases, and fund commitments to leading asset managers globally.

Prior to joining AIG Investments in 2005, Mr. Thompson spent 25 years in Private Equity, leveraged finance, and strategic consulting. He was a Co-Founder and Managing Member of Ferrer Freeman Thompson & Co., LLC (“FFT”), a private equity firm. Prior to FFT, Mr. Thompson was Managing Director and Equity Group Leader at GE Capital where he founded, organized and developed GE Capital’s private equity activities throughout the United States, Europe, Asia and Latin America. Previous experience includes five years at each of Chemical Bank and Bain & Co.

Mr. Thompson’s extensive experience in the Alternative Investments industry includes direct investments, private equity and hedge fund investments, leveraged loans, distressed asset purchases, and various strategic joint ventures, each globally.

He currently serves on all Investment Committees for AIG Investments’ Alternative Investments activities. Mr. Thompson received an AB in Economics from Harvard College and an MBA from Stanford University.

Nicholas Brown
Managing Director, Chief Administrative Officer of Alternative Investments
AIG Investments, New York

Mr. Brown joined AIG Investments in 2003 and is Chief Administrative Officer of Alternative Investments. His previous role at AIG Investments was Chief Administrative Officer of AIG Global Real Estate. Prior to joining AIG Investments, Mr. Brown was a founder and Chief Operating Officer at Equinox Partners, an executive search and recruitment firm serving the commercial real estate industry. Previously, Mr. Brown served as Chief Administrative Officer of Tishman Speyer Properties. He then became Chief Operating Officer of iBuilding, a real estate technology start up company formed by Tishman Speyer Properties. Before being employed by Tishman Speyer Properties, Mr. Brown was a partner with McKinsey & Company where he worked primarily with financial services companies, but also served clients in healthcare, energy, and retail. He started his career with Coopers & Lybrand. Mr. Brown received a Bachelors in Mathematics from Cambridge University and is an Associate of the Institute of Chartered Accountants in England and Wales.

Robert Discolo, CFA
Managing Director, Head of Hedge Funds Strategies Group
AIG Investments, New York

Mr. Discolo joined AIG Investments in 1999 and is a Managing Director, Alternative Investments and is the Head of the Hedge Fund Strategies Group. Mr. Discolo, who is also a member of AIG's Hedge Fund Investment and Strategy Allocation Committees, has over 20 years experience with major financial institutions in various capacities relating to investment products, primarily hedge and private equity funds. Previously, he held positions at PaineWebber Inc., Bank Julius Baer, and Merrill Lynch & Co, where his responsibilities included creating portfolios of hedge funds for private and institutional clients, development of hedge fund and private equity products, oversight of business structure and development for hedge funds and hedge fund of funds, and managing the evaluation and selection process of hedge funds for both discretionary and advisory clients. Mr. Discolo also was President of the European Warrant Fund (a NYSE listed closed-end fund) and Julius Baer International Equity Fund. Mr. Discolo received a BS in accounting from St. John's University and an MBA from the Lubin School of Business at Pace University. He holds Series 7 and Series 24 licenses and he is a CFA and CAIA charterholder. Mr. Discolo is also a CPA and a member of the AICPA, CFA Institute, CAIA Association, GARP, and NY State Society of Security Analysts.

Darryl J. Dong
Managing Director, Capital Recovery Group
Head of Distressed Debt
AIG Investments, New York and Hong Kong

Mr. Dong joined AIG Investments in 2004 as Managing Director of the Capital Recovery Group. CRG invests in non-performing, sub-performing and other distressed-situation assets, either in portfolios or single-asset opportunities. Its primary investments include sub-performing and non-performing loans, corporate debt recapitalizations, and distressed real estate, mostly in emerging markets. Prior to joining AIG Investments, Mr. Dong headed GE Capital’s Asian Global Financial Restructuring unit in Tokyo for five years. In this role, Mr. Dong led GE’s efforts in distressed-opportunity investments in China, Taiwan, Japan, and Korea. Before this, he served an additional five years with GE as a Director of the Real Estate’s Asset Management division. Before joining GE in 1985, Mr. Dong held executive positions at San Francisco Federal Bank, JE Robert Company (now Archon, part of Goldman Sachs), and Consolidated Capital. Mr. Dong holds a BASc from University of British Columbia in Vancouver, Canada and is a registered Civil Engineer. Mr. Dong received MBA degrees in both Construction Management and Corporate Finance from the Golden Gate University in San Francisco.

Thomas E. Ceto
Managing Director, AIG Capital Solutions
Head of Leveraged Finance
AIG Investments, New York

Mr. Ceto joined AIG Investments in 2008 as a Managing Director. He leads the Capital Solutions team which provides debt financing to middle market, private equity-backed companies. Mr. Ceto has over 27 years of leveraged finance experience that encompasses business development, underwriting and portfolio management of investments throughout the capital structure. Over his career, he has built and managed a number of successful leveraged finance platforms, including those at Greyrock Capital, GE Capital, Silver Point Capital and FirstLight Financial Corporation, and has served on the Investment and/or Management Committees of these organizations. Mr. Ceto has been directly responsible for over $6 billion in financings for nearly 250 companies, and has realized mezzanine returns over his career in excess of 26%. Prior to becoming involved in principal investing activities, he was an Investment Banker at BT Securities from 1986 to 1991 where he ran the Southeast, and later the Midwest, Merchant Banking Groups, and specialized in originating and structuring highly complex leveraged ESOPs, including two of the largest leveraged ESOP transactions ever completed: HealthTrust, Inc. and Charter Medical Corporation. Mr Ceto received a BA from Lafayette College and an MBA from Dartmouth's Amos Tuck School of Business.

Ada K.H. Tse
Managing Director, Head of Asia ex-Japan Direct Investment
President and CEO of AIG Investments-Asia
AIG Investments, Hong Kong

Ms. Tse is President and CEO of AIG Investments Asia. Ms. Tse also heads the Alternative Investments practice of AIG Investments Asia and is Chief Executive Officer of the flagship AIG Asian Opportunity Funds. Prior to joining AIG Investments Asia in 1996, Ms. Tse was engaged in financial advisory services and equity capital markets work at Morgan Stanley & Co. in New York and Hong Kong. Before joining Morgan Stanley, Ms. Tse was an attorney at Sullivan and Cromwell in New York.

Ms. Tse received a BA in Applied Mathematics from Harvard University and a JD from Harvard Law School. She is an alumna of the Stanford Business School Executive Program. Ms. Tse serves as an Advisory Committee Member of the Hong Kong Securities and Futures Commission, advising the SFC on policy matters regarding its regulatory objectives and functions. She is a Hong Kong Chapter Member of the Young Presidents’ Organization, a member of the Friends' Committee of the Asian Cultural Council and a board member of the Asian Youth Orchestra. Recently, she was selected by the Asia Society as one of 25 "Young Leaders" from the Asia-Pacific region for its Asia 21 Fellows program.

David Yeung
Managing Director
President and CEO, AIG Capital Partners
AIG Investments, New York

Mr. Yeung is a Managing Director of AIG Investments, New York. He serves as Head of AIG’s infrastructure investments in emerging markets including Asia (ex-Japan), Eastern Europe, Latin America and Africa. He is also concurrently President & CEO of AIG Capital Partners, with responsibility for the AIG sponsored regional private equity funds and teams in CEE, Russia, Turkey, Latin America and Africa. Prior to joining AIG Investments in 1995, he was with Bell Canada Enterprise and Northern Telecom, managing telecom and IT venture capital investments in North America. Before that, he was with Xerox Canada Finance managing a large-scale project finance and captive equipment financing business. Mr. Yeung received a BS in Marketing from Indiana University and an MBA in Finance from the University of Chicago Graduate School of Business. He is a Chartered Accountant of Ontario and a Certified Public Accountant of the State of Indiana.

Stewart Homler
Managing Director, Alternative Investments, Japan
AIG Japan Capital Investment Co., Ltd.
AIG Investments, Tokyo

Mr. Homler joined AIG Investments in 2007. He has over 20 years of investment experience, 11 years of which have been focused in Tokyo and Hong Kong. Prior to joining AIGGIG, Mr. Homler was Regional Head of Deutsche Asset Management’s Asia-Pacific Private Equity Group. While in Asia, he also held positions as Chief Representative in Japan for Prudential UK’s private equity activities and as Director of CSFB’s Asia-Pacific private equity office based in Hong Kong. He first moved to Asia in 1997 with MetLife as Director of its Asia-Pacific investment office. Mr. Homler began his career with MetLife in 1987 in New York where he was involved in real estate investments, corporate lending, corporate restructurings and private equity. Mr. Homler holds an MS in Real Estate Investment from New York University, and an MBA in Finance and a BSM in Accounting from Tulane University.

Pierre Mellinger
Managing Director, Head of Central and Eastern Europe Private Equity
Chief Executive Officer, New Europe Fund Manager
AIG Investments, Warsaw

Based in Warsaw, Mr. Mellinger has overall responsibility for AIG Investments' private equity activity in Central and Eastern Europe as well as being one of the senior managers of the global AIG Investments practice. Mr. Mellinger joined AIG Investments in early 1998. He oversees the investment strategy and portfolio management policy for AIG New Europe Fund I (NEF I). He was instrumental in raising NEF I and has been directly involved in the sourcing, evaluation, execution, monitoring and exits of the NEF I portfolio as well recruiting and training the NEF team. Mr. Mellinger is also a member of GEM II’s Investment Committee for non-Asia deals. Mr. Mellinger has extensive experience in investments, finance, and management for more than 25 years, including almost 20 years in direct investments. Prior to joining AIG Investments, he was co-Head of the Financial Institutions Team at EBRD where he played a leading role in the setting up and development of this department and in particular its equity portfolio. Mr. Mellinger was also a Director, Head of Business Development and Deputy General Manager of the mortgage bank with Banque Sovac, a US $10 billion total balance sheet consumer finance, leasing, mortgage finance affiliate of Lazard Freres. Prior to that position, Mr. Mellinger was a senior officer at the French Minister of Finance in charge of export credit finance and financial relations with Central and Eastern Europe. In this capacity, he was responsible for the analysis and recommendation of export credit coverage in CEE and was directly involved in the financing of the Euro-Siberian pipeline, a US $10 billion project. Mr. Mellinger, a graduate of the French Ecole National d’Administration, holds a degree in Economics from Paris University, a Law Degree from La Sorbonne, as well as a degree in Political Science from Institut d’Etudes Politiques of Paris.

Scott Foushee
Managing Director, Head of Frontier Markets Private Equity
AIG Investments, New York

Mr. Foushee joined AIG Investments in 1996 and has overall responsibility for AIG Investments’ private equity business in frontier markets including Turkey, the Middle East, Africa, and Russia/CIS. He also serves as an Investment Committee member of several active AIG Investments private equity funds. Prior to AIG Investments, he served as a Director with the Barents Group, an emerging market corporate finance advisory group, where he led numerous corporate finance, privatization, and restructuring assignments throughout Eastern Europe and the former Soviet Union. His background includes three years as a member of the start-up team of Bain Capital, a direct investment group affiliated with Bain and Company. Mr. Foushee also has substantial operating experience in the manufacturing sector. He is a graduate of Dartmouth College and the Harvard Business School.

FT Chong
Managing Director, AIG Vantage Capital
Head of Private Equity Co-Investments
AIG Investments, New York

Mr. Chong joined AIG Investments in 1998 and currently leads investment activities for AIG Vantage Capital, L.P. Mr. Chong focuses on private equity and mezzanine investing in developed markets such as the United States and Europe. Mr. Chong has worked in buyouts and leveraged financing since 1981. Mr. Chong is currently a director of a number of companies including Fresh Direct and Talyst. Prior to joining AIG Investments, Mr. Chong was Executive Vice President for Business Development for the GT Group, an Asian conglomerate, from 1994 to 1998. In the early 1990’s he was a founder and CFO of Dynadx Technologies, Inc., a start-up company that developed and marketed a new out-of-home advertising technology. From 1981 to 1989 he was at Swiss Bank Corp. where, as head of the $3 billion U.S. leveraged finance group, he participated in or led the financing for more than two dozen high profile leveraged buyouts. He received an MBA from Columbia University and also has a degree in Chemical Engineering from the University of Malaya.

Steven Costabile, CFA
Managing Director, Global Head of Private Equity Funds Group
AIG Investments, New York

Mr. Costabile joined AIG Investments in 2000 and is the Managing Director of the Private Equity Funds Group. Mr. Costabile brings his in-depth knowledge of private equity funds to AIG Investments and has played a significant role in the successful growth of three product lines, Pinestreet LLC, PineStar (secondaries) and the PEP program. Mr. Costabile serves on the Developed Markets Fund Investment Committee, APEN Investment Committee and Asia Private Equity Investment Committee. His current responsibilities include overseeing all private equity funds investments in the developed markets, as well as sourcing, due diligence, monitoring product development, and marketing. Mr. Costabile’s private equity investing and valuation experience dates back to 1990. Previously, from 1997 to 2000, Mr. Costabile was a Vice President at Credit Suisse First Boston (CSFB) in the Private Funds Group, with a focus on investments on behalf of CSFB and third party investors. Prior to that, he was the Senior Investment Officer of Alternative Investments for the Commonwealth of Massachusetts and the Assistant Director of Venture Capital for the Commonwealth of Pennsylvania. In both positions, Mr. Costabile focused on private equity fund investments. He received both a BSBA and an MBA from Duquesne University. He is also a CFA charterholder and holds a Series 7 license.

Harvey Lambert
Managing Director, AIG PineStar Capital
Head of Private Equity Secondary Investments
AIG Investments, New York

Mr. Lambert joined AIG Investments in 1996 and currently leads the secondary investments operations at AIG Investments. In this role, Mr. Lambert is responsible for AIG Investments’ acquisition and management of private equity interests on secondary markets globally. For the past 11 years, Mr. Lambert has focused on private equity investment deals as well as strategic planning and asset allocation analysis of client private equity portfolios. In addition to these duties, Mr. Lambert sits on several private equity fund advisory boards. Mr. Lambert began his career with AIG Investments reporting to AIG’s Chief Investment Officer, where he was responsible for providing global capital markets research and analysis with a focus on private equity investments. Prior to joining AIG Investments, Mr. Lambert worked in corporate finance and accounting at both Black & Decker Corp. and General Dynamics, Inc. He received a BS in Finance from Virginia Tech, where he was elected to Beta Gamma Sigma, and an MS in International Business from Johns Hopkins University.

Christopher Lee
Managing Director
AIG Highstar II GP, L.P.
AIG Investments, New York

Mr. Lee joined AIG Investments in 1998 and founded AIG Highstar I in 2000. Mr. Lee's experience in private equity, banking and finance, principally in the energy, utility, transportation and capital goods sectors, dates back to 1977. Mr. Lee has led the team in sourcing, evaluating, negotiating and closing eight investments. From 1995 to 1998, Mr. Lee was an independent adviser to clients in the infrastructure sector. Mr. Lee is President and a Director of Southern Star Central Corp., a Director of Stagecoach Holdings, LLC and was a Director of Transcore Inc. Prior to that, Mr. Lee was Chief Financial Officer of Grupo Tribasa, an NYSE-listed, Mexico-based infrastructure development and construction company. Mr. Lee led Grupo Tribasa’s IPO in 1993 and, five-months later, completed a secondary offering at nearly three times the IPO price. Before Grupo Tribasa, Mr. Lee worked at Lehman Brothers in the emerging markets, M&A (where he acted as the firm’s global privatization coordinator) and project finance groups. Additionally, Mr. Lee managed The Chase Manhattan Bank’s U.S. construction and heavy equipment lending operations. He received a BA degree from Johns Hopkins University and attended the London School of Economics.