Mr. Murphy joined Ullico in 2009 as a Managing Director in its Infrastructure Investments group.  Mr. Murphy has 15 years experience in infrastructure development, finance and principal ownership.  Prior to joining Ullico, Mr. Murphy was a senior member of Deutsche Bank's alternatives investment group investing in infrastructure assets in North America and Europe.  In this role, he was actively involved in the acquisition and development of its infrastructure investment portfolio.  In addition, he had an operating role in the recruitment and management of the infrastructure staff in North America.  Before joining Deutsche Bank, Mr. Murphy spent seven years at Bechtel Enterprises.  During that time, he lived in the United Kingdom for over four years and worked on a range of infrastructure projects in Europe, including the largest public private partnership (“PPP”) in the world, the $10 billion London Underground PPP, as well as the $300 million Tay Wastewater Private Finance Initiative transaction in Scotland, and the $1 billion Polish A1 Motorway.  He also served as the asset manager for the Cascade Station PPP in Portland, Oregon (one of the first public private partnerships in the United States).  Prior to his work at Bechtel, he was a privatization advisor in emerging markets for Barents Group of KPMG as well as a management consultant for Andersen Consulting.  Mr. Murphy holds an M.B.A. from Harvard Business School and a bachelor's degree in applied mathematics from Northwestern University.