This design uses a buck-boost topology. The LM3485 is a hysteretic step-down controller operating around 300kHz in steady state and converts the output voltage to -12V. This design is know for its simplicity and fast transient response. Another benefit is high efficiency operation at light loads without an increase in output ripple.
Ripple voltage generated across R14 is sensed by the feedback pin. C9 will allow the high frequency ripple to appear across the feedback pin without being attenuated by R9 & R12.
The output load can be changed by adjusting the voltage divider R9 & R12.
Notes: Please note that M4 in the schematic is designated as Q4 in the layout.
Schematic
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Example Schematic Showing Connection for all Components.