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Agenda

2021 PERMANENT & PRIVATE CAPITAL SUMMIT

Agenda &
Recordings

7th Annual Permanent & Private Capital Summit

Wednesday, June 2nd, 2021


*Panels Listed in Eastern Time
To view the recordings of each session click the session title

11:00 AM

Opening Remarks »
Jim Lebovitz, Dechert LLP

11:05 AM – 11:40 AM

The Evolution of Private Credit: Strategies Driving Growth and Scale »
The long-term growth of private credit has been extraordinary. In 2000, the market scarcely existed, worth at the time little more than US$40 billion. Today, it is expected to surpass more than US$1 trillion. A seasoned group of panelists will examine some of the key factors driving the expansion of this market. They will also explore strategies that top industry players are implementing to create a competitive edge and capitalize on market opportunities.

Moderator: Omoz Osayimwese, Dechert LLP
Ted Goldthorpe, BC Partners
Al Laufenberg, KBW/Stifel
Craig Packer, Owl Rock
Sengal Selassie, Brightwood Capital Advisors
Commentary: Ken Young, Dechert LLP

11:40 AM – 12:20 PM

Venturing Through Alternative Asset Finance »
As private credit has grown and changed significantly in the past decade, the world of asset management finance has evolved along with it. In this panel, speakers will dissect the range of available structures, lessons learned from the past and where this area of finance is heading.

Moderator: Jay Alicandri, Dechert LLP
Patrick Frisch, ING
Kristine Jurczyk, Vista Credit Partners
Eric Lloyd, Barings
Dan Pietrzak, KKR
Commentary: John Timperio, Dechert LLP

12:20 PM – 1:00 PM

Pulse of the Market: An Overview of Today’s Permanent & Private Capital Industry »
Our speakers will bring a platform perspective to their discussion of the permanent and private capital markets, highlighting new product developments, the impact of new entrants into the market and of economic and regulatory factors.

Moderator: Tom Friedmann, Dechert LLP
Richard Byrne, Benefit Street Partners
Kipp deVeer, Ares Management
David Golub, Golub Capital
David Miller, Morgan Stanley Investment Management
Commentary: Richard Horowitz, Dechert LLP

1:00 PM

Closing Remarks »
Jim Lebovitz, Dechert LLP

Thursday, June 3rd, 2021
*Panels Listed in Eastern Time

11:00 AM

Opening Remarks »
Jim Lebovitz, Dechert LLP and Jay Alicandri, Dechert LLP

11:05 AM – 11:40 AM

*Panels run concurrently
CLOs and Their Role Within a Private Credit Platform »
The rise of CLOs as a primary lender to the leveraged loan market has largely mirrored the broader rise of private credit generally, particularly in the last decade. Although certain market observers over the years have invariably warned of the perceived perils of CLOs, they have proven to be a resilient product through various economic cycles (including, notably, the 2020 recession caused by the COVID-19 pandemic). CLO management has become an important facet of multi-strategy focused credit platforms. This discussion will focus on the benefits of CLO management within a broader credit platform and what the future might hold for what is one of the hottest investment products of 2021.

Moderator: Chris Duerden, Dechert LLP
Christopher Condelles, FS Investments
Lauren Basmadjian, The Carlyle Group
Adrienne Butler, Barings

Less Traditional Assets: Creative Solutions and Strategies in Portfolio Construction »
Panelists will explore less traditional assets and business lines relied on by credit managers in portfolio construction from both the portfolio management and investor perspectives. They will discuss how managers employ these strategies, how they complement existing portfolios and how they are viewed by the market.

Moderator: Bill Bielefeld, Dechert LLP
Mike Guarnieri, Evolution Credit Partners
Dwayne Hyzak, Main Street Capital
Stephen Nesbitt, Cliffwater

11:40 AM – 11:45 AM

Break

11:45 AM – 12:20 PM

*Panels run concurrently
DE&I and ESG: As the World Turns »
Diversity, Equity & Inclusion (DE&I) and Environmental, Social and Corporate Governance (ESG) have increasingly become critical components in the world of asset managers. This panel will consider best practices and policies from a transatlantic perspective against the backdrop of evolving regulatory and enforcement concerns.

Moderator: Vincent Cohen, Dechert LLP
Jennifer Ishiguro, StepStone Group
Greg Nixon, Cerberus Capital Management
Ana Carolina Oliveira, ING
Mikhaelle Schiappacasse, Dechert LLP

Putting the “Fun” in Fund Formation »
This panel will examine the great relational balancing act underpinning fund formation, ranging from managing competing investor demands to the art of saying no (even to your biggest investor) to techniques for winning over the toughest negotiators (both external and internal).

Moderator: Tricia Lee, Dechert LLP
Dean Collins, Dechert LLP
Anne Cook, Principal Financial Group
Afsar Farman-Farmaian, Varagon Capital Partners

12:20 PM – 12:25 PM

Break

12:25 PM – 1:00 PM

*Panels run concurrently
Compliance and Enforcement Considerations for Private Fund Advisers »
With a new administration comes a new SEC enforcement agenda. This panel will discuss the likely impact of the new SEC chair on that agenda, frequent compliance issues surfaced by SEC staff in the private fund area, the work of the SEC’s Climate and ESG Task Force and expected enhanced scrutiny of SPAC transactions.

Moderator: Cathy Botticelli, Dechert LLP
Bruce Karpati, KKR
Guy F. Talarico, Alaric Compliance Services
Scott Weisman, Bain Capital

View from the PE Firms: The Current Market for Financing Private Equity Transactions »
Speakers will review the state of the private equity markets today as countries begin to emerge from COVID-19 lockdowns, with a specific emphasis on what deals look like today, how sponsors are looking at financing their deals and the role of private credit in shaping private equity today and in the upcoming year.

Moderator: Chris Field, Dechert LLP
Chris Bloise, Court Square Capital Partners
Scott Bronner, Stone Point Capital
Milwood Hobbs, Oaktree Capital Management

1:00 PM – 1:05 PM

Break

1:05 PM – 2:05 PM

Insights into the World of Global Restructuring »
In this panel, you will hear about the state of the restructuring market and latest developments as industry leaders consider the new landscape for distressed investing. Panelists will also explore how to create a competitive edge in an otherwise crowded market and views on which sectors might be hit the hardest.

Moderator: Adam Plainer, Dechert LLP
Alon Avner, Bain Capital
Allan Brilliant, Dechert LLP
Jim Doak, Miller Buckfire & Co.
Erik Miller, Canyon Partners

2:05 PM

Closing Remarks »
Tom Friedmann, Dechert LLP

Key Takeaways

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7th Annual Permanent and Private Capital Summit Key Takeaways

During the two-day conference, panels of CEOs and other senior industry leaders from the world’s top financial institutions discussed a broad range of trends and developments impacting the private credit and private capital space.

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