Private Debt
Investor
Investor
New York Forum 2019
24 - 25 September 2019,
Convene, 117 West 46th St, New York
The largest private debt event in North America
On September 24-25, the Private Debt Investor New York Forum will bring together over 350 senior professionals engaged in the continued expansion of private debt as an asset class. The Forum enters its sixth successful year as the premier gathering for investors to discuss how private credit strategies fit into their investment portfolios as we approach the top of the cycle.
This year’s Forum guarantees a unique opportunity to network with the largest group of industry experts who are all navigating a market full of high return expectations, yet fraught with risk. Join us to explore a broad spectrum of private credit strategies across the capital structure including senior secured loans, subordinated debt, distressed, special situations, niche strategies, real estate, infrastructure and more.
Join the Forum to:
- Meet over 350 private debt professionals, including 70+ institutional investors to cultivate new business relationships
- Hear how firms are differentiating themselves in this highly competitive and dynamic market
- Engage in the debate on best practices and return strategies across the private debt and credit asset class
- Gain insight from the Private Debt Investor editorial team and access exclusive data from PDI’s Research & Analytics
- Attend a wide range of sessions including breakout panels, off-the-record roundtables, and fireside chats with industry thought leaders
Why attend?
For investors
Meet the top performing private debt managers and learn how GPs might best weather a potential slowdown.
For fund managers
Advance your firm profile, showcase your expertise and share thought-leadership with investors.
For all
Attend hours of networking sessions to meet the most active LPs allocating to private debt funds.
Keynote speakers
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Register your interest
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Investors that attended last year
WATCH: Deepest concerns in private debt revealed
What keeps you awake at night? That’s the question we posed to three leading asset class professionals at last year’s Private Debt Investor New York Forum, including Ted Koenig from Monroe Capital, Tod Trabocco from Cambridge Associates, and Marc Lasry from Avenue Capital Group. Watch this two-minute video to find out their answers.
What our attendees say about the Forum
Country Financial
Kurt Bock, Chief Executive Officer
Absolutely invaluable! The perspectives from GPs, LPs, and industry analysts all in one place made this the most beneficial investor meeting I will attend this…
Churchill Asset Management
Randy Schwimmer, Senior Managing Director
Particularly liked the number of institutional investors who attended.
Blueprint Capital Advisors
Ed Robertiello, Chief Investment Officer
Educational and well balanced regarding pros and cons to private lending.
Country Financial
Kurt Bock, Chief Executive Officer
Absolutely invaluable! The perspectives from GPs, LPs, and industry analysts all in one place made this the most beneficial investor meeting I will attend this year.
View each tab below to explore the two-day agenda, packed full with insightful panel discussions, keynotes and powerful networking breaks for the leaders in private debt and credit. Interested in participating in the Forum? Contact Arleen Buckley at arleen.b@peimedia.com or +1 212 633 1454.
View agenda page
Agenda
Day 1 - Tuesday 24th
Breakfast and registration
08:00 - 09:00
Registration opens
08:00 - 09:00
Breakfast for all attendees
08:00 - 09:00
Women’s networking breakfast – co-hosted by Women in Alternative Debt (invitation only)
Welcome remarks
09:00 - 09:10
PDI welcome
09:10 - 09:15
Chairman introduction
Plenary sessions
09:15 - 10:00
Panel | LP voices: seeking alpha in private debt today
- Which alternative lending strategies are performing well and why?Â
- Finding credit strategies that deliver uncorrelated returnsÂ
- Is the direct lending market over-saturated, and how can managers continue to differentiate themselves from the competition?Â
- Which private credit strategies are accretive to a portfolio of middle market direct lending strategies?Â
- Can investors still find opportunities for outsized returns?Â
10:00 - 10:40
Keynote fireside chat
10:40 - 11:00
Coffee and networking break
Main room session
11:00 - 11:50
Direct lending: Panel | cross border transactions
As more private credit managers have been exploring non-U.S. jurisdictions and non-US based managers have been branching out to do deals in the US, we will deconstruct a trio of hypothetical cross–border corporate credit opportunities.Â
Working group series I
11:00 - 11:50
A | Real estate credit strategies
- Return expectations and risk profiles for different types of real estate credit strategiesÂ
- Current availability of debt and financing for core and non-core assets Â
- How risk sharing between lenders and borrowers is changingÂ
11:00 - 11:50
B | Opportunities in specialty finance
- Learning more about the risk return profile of asset backed and specialty finance fundsÂ
- Appeal of non-correlated returns to investorsÂ
- Where do aviation finance, film royalties, equipment leasing, and other asset backed strategies fit in a private credit portfolio?Â
Main room session
11:50 - 12:40
Direct lending- Panel | Exploration of top sectors: tech, business services and healthcare
- Where are we in the cycle with respect to these sectors?Â
- What elements make them attractive right now?Â
Working group series II
11:50 - 12:40
C | Investing in infrastructure debt strategies
- Which subsectors are most attractive and why? Transportation, energy, shipping, ports.Â
- Role of insurance companies as investorsÂ
11:50 - 12:40
D | Opportunities in structured credit and broadly syndicated CLOs
- What advantages do CLOs offer over other structured products and credit assets?Â
- What is the impact of risk retention on the CLO market?Â
- How will a potential economic downturn impact CLO portfolio performance?Â
Midday break
12:40 - 14:00
Networking luncheon
Main room session
14:00 - 14:45
BDCs and middle market CLOs
- Taking advantage of regulatory changes for BDCs permitting additional leverageÂ
- Growth of mid-market CLOs as source of capitalÂ
- What happens to the quality of assets if spreads continue to tighten and if loans get downgraded?Â
Working group series III
14:00 - 14:45
E | Distressed and special situations- case studies
GPs will present a trio of case studies on managing defaults and resolving issues faced in workouts using real-life examples.  Â
14:00 - 14:45
F | Emerging markets debt strategies
- How are private credit markets evolving across Asia, Latin America and other emerging markets?Â
- Which countries present best investment opportunitiesÂ
- Are you getting compensated for additional political, economic and currency risks?Â
Main room session
14:45 - 15:30
Middle market direct lending- Regional spotlight Europe
Working group series IV
14:45 - 15:30
G | Venture lending
- How do you underwrite companies with no cash flow?Â
- Uses of venture lendingÂ
14:45 - 15:30
H | Niche strategies gaining traction: insurance linked and litigation finance
- Where do niche strategies fit in a private credit portfolio?Â
- How to diligence managers and evaluate deal sourcing and underwriting capabilitiesÂ
- What are realistic return expectations?Â
Plenary sessions
15:30 - 16:00
Networking break
16:00 - 16:45
The Great debate: are covenants important?
Two teams of debaters will face off to address this important question for the private credit asset class.  Why do covenants matter? What’s the impact of EBITDA add backs on covenants?Â
16:45 - 17:15
Closing keynote interview
17:15 - 17:30
Chairman's closing remarks
Close of day 1
17:30 - 19:00
Networking cocktail reception
19:00 - 19:00
End of day 1
Agenda
Day 2 - Wednesday 25th
Breakfast and registration
08:00 - 09:05
Invite-only LP Think Tank
08:00 - 09:05
Registration opens
08:00 - 09:05
Breakfast for all attendees
Welcome remarks
09:05 - 09:10
Chairman’s opening remarks
Plenary sessions
09:10 - 09:45
Keynote interview
09:45 - 10:30
Panel | Opportunities for LP co-investment and going direct
- Disintermediation: the difficulties in cutting out the middlemanÂ
- Different approaches to accessing direct deals Â
- Due diligence on LP co-investment opportunities Â
- Building the team and acquiring the expertise Â
10:30 - 10:50
Coffee and networking break
10:50 - 11:30
Panel | How will private credit funds perform in an economic downturn?
- How are private credit managers positioned to take advance of distressed opportunities?Â
- Are workout teams being hired?Â
- Growth in distressed debt fundraisingÂ
- Lessons learned from the Global Financial CrisisÂ
Â
11:30 - 12:15
Panel | A view from the borrowers- financing deals in today’s market
- Importance of speed and strategic partnershipsÂ
- Current trends in financing termsÂ
- Do borrowers have the upper hand?Â
- Capabilities to work with borrowers in case of a downturnÂ
Â
12:15 - 13:00
Panel | How can ESG offer managers an additional means of differentiation when pitching to investors?
Close of day 2
13:00 - 14:00
Networking luncheon
14:00 - 14:00
End of day 2
Interested in speaking at the Forum? Please contact Arleen Buckley at arleen.b@peimedia.com or +1 212 633 1454.
Chrystalle Anstett, CFA
Co-Head of Private Credit, Eaton Partners
Chrystalle is the Co-Head of Private Credit and has a leadership role in the origination, underwriting and project management of the firm's credit-related offerings. She works closely with clients on marketing strategy, collateral design and product… Read full bio
Scott Bevill
Senior Investment Officer - Global Income Strategies, Teachers’ Retirement System of the State of Illinois
Jonathan Bock
Managing Director, Chief Financial Officer, Global Private Finance, Barings
Mr. Bock is Chief Financial Officer of Barings BDC, Inc. and a Managing Director in Barings Global Private Finance Group. Prior to joining Barings in July 2018, Mr. Bock was a Managing Director and Senior Equity Analyst at Wells Fargo Securities spec… Read full bio
William Brady
Partner, Head of Alternative Lender Practice, Paul Hastings LLP
William Brady is Head of the firm’s Alternative Lender and Private Credit Group, focused on the global private credit market. He is also a member of the Special Situations Group at Paul Hastings. Mr. Brady is based in the firm’s New York office. Mr.… Read full bio
David Golub
President, Golub Capital
David Golub is President of Golub Capital, a nationally recognized credit asset manager with an award-winning middle market lending business. Golub Capital manages over $25 billion in capital for institutional investors and family offices, offering t… Read full bio
Justin Guichard
Managing Director and Co-Portfolio Manager Real Estate Debt and Structured Credit, Oaktree Capital
Andrew Hedlund
Americas Editor, Private Debt Investor
Andrew Hedlund is the Americas Editor at Private Debt Investor where he helps coordinate coverage of US private debt markets and also writes and reports about all aspects of the asset class. Before joining PDI, he wrote for The Deal and Reorg Researc… Read full bio
Brent Humphries
President, AB Private Credit Investors
Brent Humphries joined AB in 2014 as a founding member and President of AB Private Credit Investors, where he has primary responsibility for overseeing all aspects of the business, including investor relations, investment originations, structuring an… Read full bio
Ken Kencel
President and Chief Executive Officer, Churchill Asset Management
Kenneth J. Kencel serves as President & CEO of Churchill Asset Management. Throughout his over 30-year career Mr. Kencel has accrued a broad range of experience in leading middle market financing businesses. Previously, he was President and a Directo… Read full bio
Theodore Koenig
President and Chief Executive Officer, Monroe Capital LLC
Theodore L. Koenig, President, CEO and founder of Monroe Capital LLC, a private credit asset management firm specializing in direct lending and special situations investing. Since 2004, the firm has provided private credit solutions to borrowers in t… Read full bio
Eric Lloyd
Managing Director and Head of Global Private Finance, Barings
Eric Lloyd is the Head of Barings’ Global Private Finance Group. He is responsible for managing all aspects of the firm’s global private finance enterprise and participating on all three of his group’s Investment Committees. Eric has worked in the in… Read full bio
Howard Marks
Co-Chairman, Oaktree Capital Management
Since the formation of Oaktree in 1995, Mr. Marks has been responsible for ensuring the firm’s adherence to its core investment philosophy; communicating closely with clients concerning products and strategies; and contributing his experience to big-… Read full bio
Chris Monigle
Administrative Vice President, Wilmington Trust
Chris is responsible for introducing corporate clients to Wilmington Trust’s Global Loan Agency Services. He specializes in loan agency services for BDCs, Direct Lenders, and Alternative Capital Providers who originate middle market bi-lateral and sm… Read full bio
Steve Nesbitt
Chief Executive Officer, Cliffwater LLC
Steve is CEO of Cliffwater LLC, an investment advisory firm specializing in alternative investments, including hedge funds, private equity, private debt, real assets, and real estate. Prior to forming Cliffwater in 2004, Steve was a Senior Managing D… Read full bio
Andy Thomson
Senior Editor, Private Debt Investor
Andy has been with PEI since 2003, working on a number of titles including as Editor of Private Equity International and Senior Editor of Infrastructure Investor. Since H2 2015, he took over responsibility for Real Estate Capital and, in the first ha… Read full bio
James Zelter
Co-President and Chief Investment Officer, Apollo Global Management
Mr. Zelter is Co-President of Apollo Global Management, LLC, sharing responsibility for all of Apollo’s revenue-generating and investing businesses. Mr. Zelter focuses on Apollo’s credit and yield business, and serves on the various Credit Investment… Read full bio
Engage, interact and enhance your brand
The New York Forum offers a unique opportunity for organizations to raise their profile as a part of the premier meeting for investors allocating to private debt.
For more information on the available sponsorship opportunities, please contact Lawrence Dvorchik at +1 646 545 4429 or lawrence.d@peimedia.com.
Pre-Event Resources
Convene, 117 West 46th Street, New York, NY 10036
Event venue
Kimpton Muse Hotel, 130 W 46th St, New York, NY 10036
Hotel accommodations
Click here to reserve hotel accommodations in our room block at the Kimpton Muse Hotel. Rooms are limited and are on a first-come-first-served basis; early booking is strongly advised.