Where private debt CFOs and COOs brave the next frontier

The Forum is the premier venue for in-house financial and operational professionals to hear best practices and industry developments from a wide spectrum of private debt industry peers.

The day and a half program featured insights from senior financial, operational, tax, accounting and compliance officers at private debt funds managing BDCs, private credit, distressed investment, and senior lending strategies. They dove into the complexities of managing the finance and operations of firms that invest across the capital structure including senior secured loans, subordinated debt, hybrid financing and more.

Forum topics include:


  • Finding opportunities in a downturn: Distressed, special situations and opportunistic debt
  • Technology and major disruptions in private debt: Putting the tools to work
  • Update on monetary policy from the Department of Treasury and Federal Reserve
  • The risky business of direct lending
  • State of the Industry: The latest trends in debt fund structures
  • The evolution and convergence in the CLO market
  • Meeting the mandate for ESG in private debt
  • Specialization in private debt: Bespoke credit solutions and specialty financing
  • Making the investment in human capital
  • A seismic shift in the private debt landscape

Keynote speaker:

Meg McClellan
Head of Private Credit
 J.P. Morgan Global Alternatives

McClellan began her career with J.P.Morgan as a mortgage backed securities trader in the investment bank. Her experience prior includes trading and managing government bonds, derivatives and securitized products. In her number of senior roles at the firm, she led client and fixed income teams in Asset and Wealth Management.

Since 2016, she led as the CFO of J.P Morgan Asset Management and has recently been presented with a new role as the Head of Private Credit at the firm where she will be expanding their $10 billion private credit business. Meg will be sharing key insights from her experiences in product development and strategic direction specifically in the corporate private debt space.

2020 Advisory Board

Shari Huisman
Director, Finance and Controller
Thoma Bravo

Thomas Mayrhofer
CFO and CCO
EJF Capital

Vishal Sheth
Chief Finance Officer
Twin Brook Capital Partners

Mustafa Tayeb
Chief Finance Officer
MGG Investment Group LP

Why you should attend

For CFOs & COOs

Gain valuable insights and actionable intelligence from CFOs and COOs at private debt funds on how they address their biggest operational challenges.

Latest regulatory and tax updates

While the 2018 tax bill had limited impact on private credit investment, learn how potential CFIUS changes could negatively affect appetite for foreign investment.

Network

Whether your firm is raising its first private debt or credit fund, or expanding an existing platform, this is the event for you to build your network.

Download the 2019 brochure

Download the 2019 brochure to view:
– 2019 speakers
– 2019 agenda highlights
– Attendee breakdown
and more!

Previous attendees have said

Harbert Management Corp

John Harrison, Sr. Managing Director

The best conference on the overall private debt market

Jessica Thompson

IFM Investors

I found the conference well put together. The panels were all interesting and topical.

2020 Agenda

Interested in participating?  Please contact Kwame Campbell at kwame.c@peimedia.com or +1 646 356 4520.

Day 1 Day 2
View agenda page

Agenda

Day 1 - Tuesday 20th

Registration
13:30 - 14:15

Registration

General sessions
14:15 - 14:20

PDI welcome and chairman introduction

14:20 - 14:50

Special Update from the Federal Reserve

14:50 - 15:25

Keynote conversation with Meg McClellan, Head of Credit, JP Morgan Asset Management

Meg McClellan

Keynote
Meg McClellan, Head of Credit, JP Morgan Asset Management

 

A speaker photo for Meg McClellan

Meg McClellan

Head of Private Credit, J.P. Morgan Global Alternatives

Read bio
15:25 - 16:10

The Risky Business of Direct Lending: Navigating Financial and Operational Challenges

Venu Rathi, Tom Bax, Shai Vichness
  • What are the biggest financial and operational challenges your firm is facing today?
  • Managing expectations from investors, borrowers, and other major stakeholders
  • Discuss how covenant lite loans are impacting the industry
  • What are you doing to mitigate risks and effectively evaluate loan performance?
  • How has heightened competition and tightening spreads impacted direct lending?

Panelists
Venu Rathi, Chief Financial Officer, Direct Lending, Morgan Stanley
Tom Bax, Chief Financial Officer and Treasurer, NXT Capital
Shai Vichness, Senior Managing Director and Chief Financial Officer, Churchill Asset Management

A speaker photo for Venu  Rathi

Venu Rathi

Chief Financial Officer, Morgan Stanley Direct Lending

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A speaker photo for Tom Bax

Tom Bax

Chief Financial Officer and Treasurer, NXT Capital,LLC

Read bio
A speaker photo for Shai  Vichness

Shai Vichness

Senior Managing Director and Chief Financial Officer, Churchill Asset Management

Read bio
Networking break
16:10 - 16:25

Networking break

General sessions
16:25 - 17:10

Benchmarking, performance, and valuations in the midst of uncertainty

Patricia Luscombe, Brian Garfield

This session addresses the importance of benchmarking, performance, and valuations during times of market volatility.  Moreover, attendees will gain actionable insights into loan portfolio performance and valuations.

  • Understand the methodologies used to determine loan valuations.
  • Examine the impact of changing market conditions on performance and valuations
  • Discuss the further bifurcation of the private credit market and other industry trends

Panelists
Patricia Luscombe, Managing Director, Lincoln International
Brian Garfield, Managing Director, Lincoln International

A speaker photo for Patricia  Luscombe

Patricia Luscombe

Managing Director, Lincoln International LLC

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A speaker photo for Brian  Garfield

Brian Garfield

Managing Director, Lincoln International LLC

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17:10 - 18:00

Distressed, special situations, and opportunistic debt: The devil is in the details

John Felletter, J. Soren Reynertson
  • Review different scenarios including bankruptcy, refinancing, post-restructured equity, and liquidations
  • Understand the key fundamentals that underpin these debt strategies
  • Address potential conflicts, pressing tax and compliance issues

Panelists
J. Soren Reynertson, Managing General Partner, GLC Advisors
John Felletter, Managing Director and Head of Asset Management, Arena Investors

A speaker photo for John  Felletter

John Felletter

Managing Director and Head of Asset Management , Arena Investors LP

Read bio
A speaker photo for J. Soren  Reynertson

J. Soren Reynertson

Managing General Partner, GLC Advisors

Read bio
Cocktail Networking Reception
18:00 - 19:30

Cocktail Networking Reception

Agenda

Day 2 - Wednesday 21st

Breakfast and registration
08:00 - 09:00

CFO and COO think tank (invitation-only)

This is an exclusive, off the record breakfast roundtable for CFOs and COOs to address common challenges and pressing concerns.

08:00 - 09:05

Registration and Networking Breakfast

Opening remarks
09:05 - 09:15

Chairman’s remarks

General sessions
09:15 - 10:05

LP/ GP perspective on reporting, valuations, and fees in private debt

Vishal Sheth, Steve Beckett, Peter Russell
  • How LPs and GPs react during a downturn- asset allocation, rebalancing portfolios, and implementation
  • A conversation about the criteria for manager selection- investment styles, track records, and fee structures.
  • What’s driving the LP demand for data and reporting.  How is that data being used?
  • Best practices in communications between LPs and GPs
  • Growing concerns about capital calls, claw backs, IRR, subscription lines, and fees

Panelists
Vishal Sheth, Chief Financial Officer, Twin Brook Capital Partners
Steve Beckett, Head of Private Markets Risk, Aksia
Peter Russell, Senior Director, Operations, Credit Investments, PSP Investments

A speaker photo for Vishal  Sheth

Vishal Sheth

Chief Financial Officer, Twin Brook Capital Partners

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A speaker photo for Steve Beckett

Steve Beckett

Head of Private Markets Risk, Aksia

Read bio
A speaker photo for Peter  Russell

Peter Russell

Senior Director, Operations, Credit Investments, PSP Investments

Read bio
10:05 - 10:45

Fireside Chat with John Wills, Head of Private Credit, MetLife Investment Management

John Wills

John Wills, Head of Private Credit, MetLife Investment Management

John Wills

John Wills

Head of Private Credit, MetLife Investment Management

Read bio
10:45 - 11:30

Technology and major disruptions in private debt: Putting the tools to work

John W. Polis, Jonathan White
  • Understand how firms are using tech to evaluate the operational impact on the portfolio during a downturn, monitor loans, source opportunities, and enhance returns
  • Hear why players in the private debt are betting on fintech, artificial intelligence, and other market disruptors
  • Where are CFOs and COOs allocating their time and resources when creating and implement a tech strategy

Panelists
John W. Polis, Partner, Chief Operating Officer & Chief Technology Officer, Star Mountain Capital
Jonathan White, Director of Sales – Funds, Intertrust Group

A speaker photo for John W.  Polis

John W. Polis

Chief Operating Officer & Chief Technology Officer, Star Mountain Capital

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A speaker photo for Jonathan White

Jonathan White

Director of Sales – Funds, Intertrust Group

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Networking break
11:30 - 11:50

Networking break

General sessions
11:50 - 12:10

Special Presentation on Global Debt Markets

Jiří Król

Presenter
Jiří Król
, Deputy Chief Executive Officer, Global Head of Government Affairs, Alternative Credit Council

A speaker photo for Jiří  Król

Jiří Król

Deputy Chief Executive Officer, Global Head of Government Affairs, Alternative Credit Council

Read bio
12:10 - 13:00

Spotlight on BDCs: Evaluating Performance, Managing Risk, and Government Scrutiny

Greg Hunt
  • Evaluating loan performance, performing due diligence, and mitigating risks during a downturn
  • Understand regulatory developments and taxes issues affecting BDCs
  • Examine the industry-wide consolidation due to heightened competition, the lack of scalability, and operational inefficiencies.
  • Address the increased need for greater transparency and reporting standards

 

Greg HuntCFO, Apollo Investment Corporation

A speaker photo for  Greg  Hunt

Greg Hunt

Chief Financial Officer, Apollo Investment Corporation

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Networking luncheon
13:00 - 14:15

Networking luncheon

General session
14:15 - 15:00

State of the Industry: Private Debt Roundtable

Tom Raterman, Jessica Thompson

Interactive conversation about the financial and operational challenges impacting the private debt spectrum. Gain invaluable insights from industry experts and share best practices with peers.

  • Mezzanine
  • Infrastructure
  • Real estate
  • Venture debt
  • Secondaries market

Tom Raterman, Runway Growth Capital, Chief Financial Officer
Jessica Thompson, Investment Director, IFM Investors

A speaker photo for Tom Raterman

Tom Raterman

Runway Growth Capital, Chief Financial Officer

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A speaker photo for Jessica Thompson

Jessica Thompson

Investment Director, IFM Investors

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Workshop Series
15:00 - 15:45

Workshop A¬- Meeting the mandate for ESG in private debt

  • Examine how the focus on ESG is shifting from the qualitative to quantitative
  • Why not having an ESG policy can adversely affect your firm?
15:00 - 15:45

Workshop B- Fund Finance: Finding Liquidity Through NAV, Asset Based, and Hybrid Leverage Facilities

James Cassady , Khizer Ahmed
  • Examine the structuring, negotiating, and documentation of leverage facilities
  • Under what scenarios are firms looking for leverage at the fund level
  • Key considerations when managing and monitoring leverage facilities
  • Understand the perspectives of the key players in fund finance- borrowers, lenders, and investors
  • When, in the fund cycle, are leverage facilities most likely to be used

James Cassady, Managing Director Operations; Compliance, Monroe Capital
Khizer Ahmed, Co-Founding Partner, Elm Ridge Advisors

A speaker photo for James  Cassady

James Cassady

Managing Director Operations & Compliance, Monroe Capital

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Khizer Ahmed

Khizer Ahmed

Co-Founding Partner, Elm Ridge Advisors, LLC

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Networking break
15:45 - 16:00

Networking break

General sessions
16:00 - 16:45

What’s Trending in Fund and Fee Structures

Raoul Kamath, Drew Phillips

This session will examine how different fund and fee structures are being used to accommodate LP demand, outline structure options, and provide pros/cons for each.

  • Treaty structures
  • Evergreen funds
  • Season and sell
  • Irish Collective Asset-management Vehicle (ICAV)
  • Domicile vehicles and other considerations

Panelists
Raoul Kamath, Regional Director, EWM Global
Drew Phillips, Partner and Chief Operating Officer, Atalaya Capital Management

 

A speaker photo for Raoul Kamath

Raoul Kamath

Regional Director, EWM Global

Read bio
A speaker photo for Drew  Phillips

Drew Phillips

Partner and Chief Operating Officer, Atalaya Capital Management

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16:45 - 17:30

Structured Debt in Complex Times: Convergence in the CLO Market:

Barry Giarraputo , James Jefski
  • What advantages do middle market CLOs still offer over other structured products and portfolio vehicles?
  • Examine the complexity and nuances of structured debt vehicles.
  • Managing risk and reward during periods of market volatility
  • Address regulatory and tax issues impacting the industry

Panelists
Barry Giarraputo, Chief Financial Officer, Antares Capital
James Jefski, Managing Director, State Street Global Services

A speaker photo for Barry  Giarraputo

Barry Giarraputo

Chief Financial Officer, Antares Capital

Read bio
A speaker photo for James Jefski

James Jefski

Managing Director, State Street Global Services

Read bio
End of Conference
17:30 - 17:30

End of Conference

 

Interested in participating?  Please contact Kwame Campbell at kwame.c@peimedia.com or +1 646 356 4520.

Khizer Ahmed

Khizer Ahmed

Co-Founding Partner, Elm Ridge Advisors, LLC

Khizer is a Co-Founding Partner of Elm Ridge Adivsors, a New York based fund financing advisory firm. In his role as an advisor Khizer works with a wide range of borrowers across the private capital space, including funds, GPs and LPs, in structuring… Read full bio

Tom Bax

Chief Financial Officer and Treasurer, NXT Capital,LLC

Tom manages the finance and accounting, treasury and compliance teams for NXT Capital. His responsibilities include all aspects of financial planning and reporting he leads teams providing the treasury and compliance services needed to operate and gr… Read full bio

Steve Beckett

Head of Private Markets Risk, Aksia

Steve leads the Private Markets Risk team, overseeing the quarterly analysis of positions held within the private market vehicles in which Aksia clients invest, providing a detailed picture of clients’ private markets risk exposures at the portfolio… Read full bio

Graham Bippart

Editor, Private Funds CFO

Graham Bippart is editor of Private Funds CFO, an online and monthly print intelligence source focusing on best practices for private funds finance and accounting professionals. Graham has covered a broad range of financial markets in the US and Euro… Read full bio

James Cassady

Managing Director Operations & Compliance, Monroe Capital

Mr. Cassady is a Managing Director, Fund Compliance and Finance of Monroe Capital. His responsibilities include leading the firm’s fund level compliance and operations group, which includes compliance, operations, treasury functions and investment al… Read full bio

John Felletter

Managing Director and Head of Asset Management , Arena Investors LP

Prior to Arena, from 2008 to 2014, he was Senior Vice President at Arbor Realty Trust where he oversaw Asset Management, and Special Assets and Situations. From 1999 through 2007 he was at UBS, and the UBS captive Hedge Fund, Dillon Read Capital Mana… Read full bio

Brian Garfield

Managing Director, Lincoln International LLC

Brian provides valuation and transaction opinion services to public and private investment funds. He works with private equity institutions, hedge funds, credit opportunity funds, business development companies, pension funds and mutual funds to valu… Read full bio

Barry Giarraputo

Chief Financial Officer, Antares Capital

Barry is CFO for Antares Capital. Barry joined Antares in 2015 from 40 North Management where he served as chief operating officer. Prior to that role, Mr. Giarraputo was with Apollo Global Management as an executive officer, chief accounting officer… Read full bio

Omar Hassan

Principal, Chief Financial Officer and Chief Compliance Officer, Cloverlay Partners

Omar is a Principal, Chief Financial Officer and Chief Compliance Officer for Cloverlay Partners where he leads all financial reporting, investor relations, operations and compliance functions. Cloverlay is an independent asset management firm, forme… Read full bio

Greg Hunt

Chief Financial Officer, Apollo Investment Corporation

Mr. Hunt began his term as Chief Financial Officer and Treasurer of the Company in May 2012. Previously, Mr. Hunt was Executive Vice President and Chief Financial Officer for Yankee Candle which he joined in April 2010. Prior to joining Yankee Candle… Read full bio

James Jefski

Managing Director, State Street Global Services

James works within State Street’s Private Markets Product and Solutions group. Previously he led State Street’s Credit focused Private Equity and BDC services unit from 2007-2014. These teams provide full accounting and administration services for cl… Read full bio

Raoul Kamath

Regional Director, EWM Global

Raoul is a Regional Director for EWM Global, responsible for digitally transforming the carried interest, co-investment, carry waterfall calculation, deferred cash and equity compensation plan experience for private equity, debt and venture capital f… Read full bio

Jiří Król

Deputy Chief Executive Officer, Global Head of Government Affairs, Alternative Credit Council

Jiří Krόl joined AIMA in April 2010. Jiří started his career at the Czech securities market regulator. He then moved to the European Commission’s Internal Market Directorate-General, where he was responsible for the drafting and negotiation of the Ma… Read full bio

Patricia Luscombe

Managing Director, Lincoln International LLC

Patricia provides valuation and transaction opinion services to public and private investment funds. She has 30 years of experience advising portfolio companies of private equity firms and providing them with valuations and fairness opinions for dive… Read full bio

Isobel Markham

Senior Editor, Private Equity Group, Americas, PEI

Isobel is the Senior Editor, Private Equity Group, Americas. She joined PEI in September 2014 as a staff writer, was promoted to senior reporter in May 2015 and became editor of Private Equity International's monthly print publication in January 2017… Read full bio

Meg McClellan

Head of Private Credit, J.P. Morgan Global Alternatives

Megan McClellan, managing director, is the Head of Private Credit for J.P. Morgan Global Alternatives. In this role, she is responsible for the strategic direction and oversight of a multi-billion dollar platform of real asset and corporate private d… Read full bio

Michelle Noyes

Managing Director, Head of Americas, The Alternative Investment Management Association (AIMA)

Michelle Noyes joined AIMA in 2012 as Chief Operating Officer of AIMA's New York office, and became the Association's Head of Americas in 2017. Previously, she was Head of International Sales and Investor Relations for BRZ Investimentos, one of the l… Read full bio

Drew Phillips

Partner and Chief Operating Officer, Atalaya Capital Management

Drew Phillips is the Firm’s Chief Operating Officer and is responsible for the day-to-day operations of the Firm. Prior to joining Atalaya, Drew co-founded Tiger Bay Advisors, a boutique asset management consultancy, focused on driving operational ef… Read full bio

John W. Polis

Chief Operating Officer & Chief Technology Officer, Star Mountain Capital

John Polis is an entrepreneurial information management and business operations leader with a 25+ year track record of creating and enhancing technology enabled businesses and building platforms that allow for significant scale. At Star Mountain Capi… Read full bio

Tom Raterman

Runway Growth Capital, Chief Financial Officer

Tom joined Runway Growth Capital in 2015 as Chief Financial Officer and is a member of the firm's investment committee. Tom has more than 30 years of corporate finance, investment banking, and financial executive/management experience with rapidly gr… Read full bio

Venu Rathi

Chief Financial Officer, Morgan Stanley Direct Lending

Venu Rathi is currently serves as Chief Financial Officer of Morgan Stanley Direct Lending business and based in New York. Mr. Rathi oversees various functions including finance, reporting, portfolio management, valuation, and liability management of… Read full bio

J. Soren Reynertson

Managing General Partner, GLC Advisors

Soren Reynertson is a Managing Director and the Managing General Partner of GLC Advisors, which he co-founded in 2009. Based in the New York office, he has worked with companies and their creditors on a number of assignments including bankruptcy reor… Read full bio

Peter Russell

Senior Director, Operations, Credit Investments, PSP Investments

Based in New York, Mr. Russell is a Senior Director, Operations, Credit Investments for PSP Investments USA. His responsibilities include operations, funding and reporting for the Credit Investments portfolio, where the team has invested over CAD$9 b… Read full bio

Vishal Sheth

Chief Financial Officer, Twin Brook Capital Partners

Vishal Sheth joined Twin Brook in 2017 as Chief Financial Officer for the middle market direct lending loan business. Prior to that, Vishal was a member of Angelo, Gordon's finance and accounting team working on projects for strategies across the fir… Read full bio

Mustafa Tayeb

Chief Financial Officer, MGG Investment Group LP

Prior to joining MGG, Mr. Tayeb was a Principal and Controller at Apollo Investment Corporation, a publicly traded Business Development Company. At Apollo, he led day-to-day operations of finance and accounting, including supervision of middle office… Read full bio

Shai Vichness

Senior Managing Director and Chief Financial Officer, Churchill Asset Management

Shai serves as the chief financial officer of Churchill Asset Management, an investment specialist of Nuveen. Previously, as managing director and head of senior leveraged lending for Churchill’s parent company, Nuveen, Shai was responsible for initi… Read full bio

Jessica Thompson

Investment Director, IFM Investors

Jessica is responsible for originating, executing and managing infrastructure debt investments in North America. Jessica previously worked at The Royal Bank of Scotland as Vice President in Power Project Finance, where she was responsible for executi… Read full bio

Jonathan White

Director of Sales – Funds, Intertrust Group

Mr. White is Head of Business Development for Viteos (an Intertrust Company), working with leading Hedge Funds to developing customized outsourced middle/back office and regulatory solutions. Mr. White brings over 25 years of global experience to Vit… Read full bio
John Wills

John Wills

Head of Private Credit, MetLife Investment Management

Over his career, Wills has been responsible for a wide variety of industry coverage including aerospace, industrial, transportation and sports sectors. He has been critical in building MetLife Investment Management’s (MIM) private placement secondary… Read full bio
View all speakers

Barry Giarraputo

Chief Financial Officer

Antares Capital LP

Shari Huisman

Director, Finance and Controller

Thoma Bravo

Thomas Mayrhofer

Chief Financial Officer & Chief Operating Officer

EJF Capital

Drew Phillips

Partner & Chief Operating Officer

Atalaya Capital

Vishal Sheth

Chief Financial Officer

Twin Brook Capital Partners

Mustafa Tayeb

Chief Financial Officer

MGG Investment Group LP

Showcase your company

When you partner with PDI CFOs & COOs conference, you reach hundreds of Chief Financial Officers, Chief Operations Officers, and financial professionals working in companies of all sizes and sectors.  Connect with new customers, generate qualified leads, and gain measurable investment return with our strategic partnerships.

For more information on exhibiting or sponsorship opportunities, please contact Cristiana Crocco, Deputy Director of Business Development at 646-921-0923 or cristiana.c@peimedia.com .

Event venue & hotel accommodations

The Benjamin 125 East 50th Street  NY, NY 10022

Requests for room assignments can also be made Online or by calling our toll-free number 866-222-2365  and referencing the PDI CFOs and COOs room block. Discounted rates are good through, May 25, 2020. Discounted Rates: $389/night plus applicable taxes and fees).

EVENT VENUE: CONVENE

730 Third Ave, New York, NY 10036

HOTEL BLOCK: THE BENJAMIN

125 East 50th Street  NY, NY 10022