Management

THREE HILLS is managed by Patrick F. Preece and Sandeep Srinath

Patrick F. Preece, Chief Executive Officer of Manager and Head of the Investment Committee, was previously the Global Head of Asset Securitization and Head of the commercial paper conduit for a large European money center bank. While at the European bank, Mr. Preece originated and managed a $5.0 billion senior secured loan portfolio secured by alterative assets similar to those targeted by the Fund. During, Mr. Preece’s tenure, the portfolio was profitable every year, with 2008 to 2010 ranking as its three best years due to both the structure of the individual transactions and the non-correlated nature of the assets. Over his career, Mr. Preece has financed over 50 different asset classes including structured settlements, assignable annuities, tax liens, film receivables, life settlements, mortgages, equipment leases, litigation settlements, insurance commission streams, thoroughbred stud fees, USDA loans, timber receivables, charged off receivables, taxi medallions, tax refund anticipation loans and workers compensation advances. Mr. Preece holds FINRA Series 7, 63, and 79 licenses, and serves on the boards of Saving Children, Building Families and BBL Churchill. Mr. Preece holds an MBA in Finance and a B.S. in Mechanical Engineering, both from the University of Michigan.

Sandeep Srinath, President of the Manager was previously Senior Managing Director at Esquire Bank, NA responsible for origination and management of litigation funding and other alternative investments.  Prior to that, he was Deputy Head of Asset Securitization Group and Autobahn Funding, a commercial paper conduit of DZ Bank AG.  Mr. Srinath was responsible for structuring and managing revolving and term securitization transactions. Mr. Srinath has completed deals in a variety of asset classes including equipment leases, litigation funding, insurance commissions, tax liens, taxi medallions, pre-settlement advances, post-settlement advances, workers comp advances, structured settlements, life settlements, franchise loans, insurance premiums, and film ultimates among others.  Prior to joining DZ Bank, Mr. Srinath was part of Bank of America’s (FleetBoston Financial) Asset Securitization Group.  Mr. Srinath holds an MBA from the W.E. Simon Graduate School of Business at the University of Rochester, a Master’s degree in Accounting from T.A. Pai Management Institute and a Bachelor’s degree in Accounting from Bangalore University in India.