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Wednesday, 28 September, 2022 | The Kimpton Fitzroy London

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Delivering actionable and mission-critical information to private credit managers

  • Be a closed and invite-only gathering, this means no media and a curated audience of genuine peers
  • Bring together senior staff - from across C-suite roles - to discuss shared experiences, problems and solutions
  • Focus on current private credit trends, emerging themes and likely innovations and disruptors in the next five years

Private Equity Wire's & Hedgeweek's event will:

The Private Credit European Leadership Summit is a one-day retreat focusing on emerging opportunities and best practice for private credit managers.


As assets in private credit strategies edge toward $2trn by the end of 2022 and the space continues to innovate via more diverse strategies and structures, this Chatham House gathering – designed for operations, finance, legal, product and back-office leaders across the spectrum of credit firms – will offer actionable solutions to this innovative sector’s current problems and potential.

CONFERENCE AGENDA

8:30

ARRIVAL AND REGISTRATION

9:00

WELCOME FROM THE CHAIR

  • Contrasting fortunes of the space and its strategies
  • How do credit players evolve as allocator demand/interest increases and banks continue to withdraw from the lending space
  • Current opportunities because of dislocation in equity markets – who will benefit? The large (and getting larger) players or smaller/new private credit managers? How to cope with demand, scale and thrive
  • What trends are we currently seeing in fund launches? As a sector what lessons can we draw from these? And…where do we go next?
  • How can managers and investors build on a period of good performance and inflows without succumbing to mission creep and inefficiency?
  • Finally, do private credit managers have a unique opportunity to launch hybrid and ‘semi-retail’ structure

A world turned upside down: Adjusting to the consequences of covid, inflation, interest rates, supply chain issues and the conflict in Ukraine

PANEL 1

9:00

LIGHTNING PRESENTATION

9:45

Quickfire strategy review: Outlook for distressed; middle market and secondary market strategies

  • Outsourcing, now a strategic imperative for the private credit fund back-office – what are the current drivers and trends?
  • Valuations and Loan Administration outsourcing are currently the most outsourced functions after fund administration – examining the scope, challenges, models and strategies adopted in each
  • Pushing the boundaries of outsourcing to other higher value activities – where to next? Are you even examining the ‘fraction-lisation’ of once key staff – CTO, CFO…and even the COO. What are the benefits and risks here?
  • What other areas of your ops could be outsourced?
    > Extension of outsourcing to front office
  • Promise of technology adoption for private credit back-office (e.g. cognitive investment data management, standardisation of templates)
    > Portfolio monitoring – challenges in monitoring
    > Investor reporting – reporting challenges and automation
  • Co-sourcing and in-sourcing versus standard outsourcing – co-sourcing approach winning with larger funds, but what does it also mean for smaller players?
    > Benefits and trade-offs
    > Decision considerations for co-sourcing versus standard outsourcing
  • Lessons from Pandemic
    > Cybersecurity not an afterthought any more for private credit managers
    > Hybrid operating model and implications for talent management – keeping all the stakeholders aligned and ‘art of flexibility’ for talent management

Doing more with less: Preparing private credit funds’ back offices for an outsourced future

PANEL 2

10:00

10:45

NETWORKING BREAK

Coffee break and a chance to meet our experts

  • With markets in turmoil, private credit has become a real focus for allocators
    > What strategies are in vogue
    > What do capital flows look like
    > Currently what investment structures, terms and fees do LPs favour
  • How are managers and investors better aligning interests in the private credit space
  • How have investor due diligence process changed as investors look more intently at credit strategies. What are the current main shifts in Operational Due Diligence? 'Are we heading for the ‘digitalization’ of the manager/investor relationship? What are the upsides - and obstacles - of the virtual fundraising environment?
  • Other than ESG what are the current and evolving key reporting requirements wanted by investors?

ROUNDTABLE ROUND 1

11:15

Roundtable A: Understanding and forming long-term partnerships with investors: how are allocator needs changing and expectations rising

Roundtables take place as repeated parallel sessions. Delegates rotate through all 4 topics for focused discussion in small groups

Roundtable B: Outsourcing evolution: new mindsets, new solutions

  • Outsourcing loan administration – how to form a meaningful partnership with vendors
  • Creating the ‘digital’ fund – what does it look like now, where do we go to next and making the most of technology, automation and outsourcing while avoiding the pitfalls
  • Building consistency in business operations and digitalization, without creating headaches for staff and sacrificing the experience of allocators
  • More outsourcing – more risk? How to guard against insolvency of service providers and a longer tail - via more service providers (and their service providers...) of cyber attacks

Roundtable C: Compliance, legal and tax outlook: regulation is catching up with innovation in private credit. How can the space anticipate and deal with new rules on a local and global level?

  • Next steps for AIFMD and the arrival of stricter rules around debt funds – what does this mean for the European credit space
  • What are the current corporate tax rates and regulatory-shifts to be mindful of for managers
  • Global distribution opportunities and pitfalls
  • Getting your ‘legals’ straight on current fundraising trends
  • A review on 2022 and prognosis for 2023: what were the main regulatory issues that private debt managers needed to keep on top of?
  • What are the current regulatory risks to pursuing deals in Europe and the US?

Roundtable D: Data management, data ‘interrogation’ and technology: leveraging existing data, building new data systems and gaining real insight

  • Building and interrogating a coherent data eco-system
  • The scope and use of data are widening, but are private credit managers paying enough attention to data strategy, storage and governance?
  • Is it possible to quickly systematize a space that has for so long run on and relied on manual processes?
  • The continued concerns over cyber security – has remote working intensified these concerns? What are the available solutions?

ROUNDTABLE ROUND 2

12:00

Roundtable A: Understanding and forming long-term partnerships with investors

Roundtable B: Outsourcing evolution

Roundtable C: Compliance, legal and tax outlook

Roundtable D: Data management, data ‘interrogation’ and technology

Roundtables take place as repeated parallel sessions. Delegates rotate through all 4 topics for focused discussion in small groups

12:45

NETWORKING LUNCH

ROUNDTABLE ROUND 3

14:00

Roundtable A: Understanding and forming long-term partnerships with investors

Roundtable B: Outsourcing evolution

Roundtable C: Compliance, legal and tax outlook

Roundtable D: Data management, data ‘interrogation’ and technology

Roundtables take place as repeated parallel sessions. Delegates rotate through all 4 topics for focused discussion in small groups

Roundtables take place as repeated parallel sessions. Delegates rotate through all 4 topics for focused discussion in small groups

ROUNDTABLE ROUND 4

14:45

Roundtable A: Understanding and forming long-term partnerships with investors

Roundtable B: Outsourcing evolution

Roundtable C: Compliance, legal and tax outlook

Roundtable D: Data management, data ‘interrogation’ and technology

15:30

NETWORKING BREAK

  • What does ESG really mean in the private credit space, compared to other private market strategies
  • Gathering data and monitoring borrowers through an ESG lens
  • Understanding the current gyrations of the SFDR and EU Taxonomy rules – is your business compliant and prepared
  • Opportunities of Article 8 and Article 9 funds – can credit managers even realistically be Article 9 compliant, is the reporting burden just too high v. allocator appetite?
  • Overcoming the reporting headaches and lack of standardization in reporting
  • Keeping up with the ESG needs of your investors
  • Focusing on the E, S and G – how to take a balanced approach, but prioritise when necessary
  • Internal efforts to embrace ESG, particularly around diversity and inclusion
  • ESG considerations for managers and how to be good ‘corporate citizens’ – what are the tenor of the times and how can a private credit brand present a positive face?

ESG in the private credit space: accelerating the integration of sustainable investment and business practices

15:45

PANEL 3

  • How do you retain and compensate key staff – particularly key PMs and the the mid-level roles that will fuel your firm’s next growth steps
  • How to stand out in a crowded market
  • Other than great performance; what does your brand stand for?
  • How to create a profile that borrowers and investors respond to
  • Using a positive brand to build a team of ‘all the talents’, capable of covering multiple strategies

Staying fresh and winning the talent war in an increasingly crowded space: creating the right culture, a strong identity and standing out from the competition

16:30

PANEL 4

17:15

NETWORKING

Cocktails, canapes and networking

19:00

EVENT CLOSES

Carolyn Flanagan

Brian Brennan

Managing Director at York Capital

David Smith

Partner and Head of Human Resources at Adams Street Partners

SVP & Private Markets Consultant at Callan

COO at Progress Partners

Domenic Venuto

James C. Pickel, Jr.

Counsel at Lindsay Goldberg

Jennifer Brown

Partner, Global Head of Consultant Relations at Adams Street Partners

Director, Business Intelligence at L Catterton

Jimmy Simmons

Michelle Jacobi

Managing Director at Gatewood Capital Partners

Managing Director at GCM Grosvenor

Ya Tung

PUT YOUR BRAND IN FRONT OF 100+ MANAGERS

MANAGERS

100+

EXPERT SPEAKERS

30+

SERVICE PROVIDERS

20

KIMPTON FITZROY LONDON

Address: 1-8 Russell Square, London WC1B 5BE

Venue Requirements

Dress Code

COVID-19

Electronic Devices

We advise attendees to take a lateral flow test before the event to ensure the safety of everyone.

Attendees are asked to dress in business attire.

We kindly ask attendees to please keep electronic devices on silent during panels and roundtables.

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REGISTER FOR THE PRIVATE CREDIT

EUROPEAN LEADERSHIP SUMMIT

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