Navigating the next chapter of North American private credit

The 12th annual PDI New York Forum returns on September 16-17, 2025. Meet with over 450 private credit leaders, including investors, fund managers and other professionals.

Join your peers to explore the latest trends, understand investor allocation preferences and discover the solutions shaping the North American private credit market.

We are also delighted to introduce the PDI Network in 2025, offering you extended connections, insights and value, beyond the forum.

Download the 2025 agenda

 

2024 investors included:

2025 Key Themes:

  • What’s top of mind for investors: the impact of market forces

  • Strategy performance and flows

  • Liquidity and Structural Shifts in Private Credit

  • The blurring lines between public & private credit markets

Download the 2025 agenda

Meet your 2025 speakers

View all speakers
View all speakers

See what past attendees are saying about the forum

Testimonials

Jim McMullan

Head of Corporate Credit, CDPQ

Overall great retreat; an opportunity to step back and think about private debt opportunities and trends.

Brett Hickey

Chief Executive Officer, Star Mountain Capital

Well-organized conference with high-quality LPs and GPs along with high-quality content and technology for participants to engage.

Ryan Kirk

Senior Analyst, Global Credit, Investment Management Corporation of Ontario

I liked the great market insights provided by the panels. They offered a variety of view points across geographies and specialties.

Apply for a complimentary institutional investor pass

Complimentary passes are available for eligible allocators and institutional investors to join the event.

To qualify for a complimentary pass, you must meet the eligibility criteria in representing a pension fund, insurance company, sovereign wealth fund, foundation, endowment, trust, family office, hospital/healthcare system, or corporate investment division who are actively making fund commitments and do not engage in third-party fundraising activities or collect fees for advisory/consulting services.

Apply for a pass, and a member of our team will follow up with you.

Apply now

Registration questions 

Anna Dorokhin
anna.d@pei.group

Sponsorship
enquiries 

Beth Piercy
beth.p@pei.group

Speaking  opportunities

James Hatwell
james.hatwell@pei.group

Raise your profile among private debt decision makers

Build and develop your company’s brand image, strengthen your market credibility, and meet your investment and business goals. Sponsorship gives you:

  • VIP access
  • Thought-leadership opportunities
  • High-profile branding
  • And much more…

For more information about sponsorship opportunities, contact Beth Piercy at beth.p@pei.group or +44 207 566 5464.

2025 Sponsors

Principal & LP Breakfast Sponsor

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Principal sponsor

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Lead & Lanyard Sponsor

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GP Breakfast Sponsor

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Host publication

View all sponsors

 

Interested to speak at the New York Forum, please contact James Hatwell at james.hatwell@pei.group.

 

Download the 2025 agenda

2025 Speakers include:

Akhil Bansal

Head of Asset-Backed Finance, Carlyle

Johnnie Barnett

Partner, New Amsterdam

Robin Blumenthal

Americas Editor, Private Debt Investor

Nicole Byrns

Founder/Partner, Dumar Capital Partners

Nirav Dangarwala

Portfolio Manager, Resolution Life

Anna Dayn

Managing Director, New End

Grier Eliasek

President, Prospect Capital

Mike Fang

Senior Portfolio Manager, Maryland State Retirement and Pension System

Luke Fernandes

Head of U.S. Infrastructure Debt, Swiss Re Asset Management

H.T. Flanagan

Partner, Kirkland & Ellis

Jamal Hagler

Vice President of Research, American Investment Council

Guy Hopgood

Director, bfinance

Bradford Lo Gatto

Head of Private Credit & Alternative Assets, PartnerRe

Christian McCormick

Senior Vice President, Head of Client Portfolio Management, Meketa Investment Group

Steven Meier

Chief Investment Officer and Deputy Comptroller for Asset Management, Office of New York City Comptroller

Pramit Mukherjee

Senior Director, Investments, Legal & General America

Eric Newman

Treasury Manager, City of Stamford, Connecticut

Alex Popov

Head of Credit Opportunities, Carlyle

Jennie Rose

Head of American Private Credit, AustralianSuper

Andy Thomson

Senior Editor, Private Debt Investor, PEI Group

2025 Agenda

If you are interested in speaking opportunities at the event please contact James Hatwell at james.hatwell@pei.group.

Download the 2025 agenda

Day 1 Day 2
View agenda page

Agenda

Day 1 - Tuesday 16th

08:00 - 09:00

Registration

Plenary
09:00 - 09:05

PDI Welcome Address

09:05 - 09:10

Chairperson’s opening remarks

09:10 - 09:30

Opening keynote: Market forces, Geopolitical risk and economic outlook

This opening economist keynote will look at the impacts of regulation, inflation, deglobalisation, the Trump 2.0 administration and its’ policies on the private debt markets; and how the economy’s momentum is expected to drive activity.

09:30 - 10:10

Private credit scorecard: optimal strategies to deploy debt capital

  • How is the asset class handling macro tests in the current climate- biggest challenges and opportunities
  • Impact of Fed monetary policies on private credit valuations and recoveries
  • Where are funds finding opportunities/seeing optimal return profiles at this point in the cycle?
10:10 - 10:50

Direct lending – continuing to lead the charge in private debt?

  • Assessing the tailwinds that contributing to a continued shift towards direct lending in the private credit market
  • Why are investors expressing confident in direct lending and senior debt in 2025 and beyond? Will LP allocations continue to grow in North America?
  • Large cap manager activity; middle-market bifurcation and more – analyzing movements in an ever-evolving market
10:50 - 11:20

Networking Break

11:20 - 12:00

Hitting the upper mid-market sweet spots

  • Does the large cap market still offer the greatest premium to the broadly syndicated loan (BSL) market?
  • Will we continue to see mega unitranche deals?
  • How do LPs view covenant-lite terms in this market segment? Are lender protections being eroded?
  • How are banks expanding their own private credit capabilities to compete in the upper mid market?
12:00 - 12:20

Keynote Interview

12:20 - 13:00

The next big thing in private credit? Asset-based lending

Akhil Bansal, Nicole Byrns
  • What is the market size prospects?
  • Will it rival the growth story and development of corporate direct lending?
  • How does it compare to other credit products?

Akhil Bansal, Head of Asset-Backed Finance, Carlyle
Nicole Byrns, Founder/Partner, Dumar Capital Partners

A speaker photo for Akhil Bansal

Akhil Bansal

Head of Asset-Backed Finance, Carlyle

Read bio
A speaker photo for Nicole Byrns

Nicole Byrns

Founder/Partner, Dumar Capital Partners

Read bio
13:00 - 14:00

Networking Lunch

Breakouts
14:00 - 14:40

Unlocking the lower mid-market opportunity

  • Current dynamics shaping the U.S. lower middle-market
  • How can the bifurcation of the market play into the hands of those operating at the lower end?
  • LP appetite for this area of the market
14:00 - 14:40

Key approaches to private debt risk management

  • How are investors reshaping their risk management approach to adapt to the unique challenges of private debt?
  • What can GPs do to ensure adequate risk-return alignment for their investor base?

Attila Hornok, Head of Private Markets Risk Management, United Nations Joint Staff Pension Fund

14:40 - 15:20

Assessing the opportunities in distressed debt

  • How will current volatility and unpredictability affect distressed debt appetite?
  • The case for liability managed exercises (LMEs)
  • Distress, defaults & refinancings – which sectors are providing opportunity?
14:40 - 15:20

Behind the private credit secondaries boom

  • What’s next for secondary market innovation
  • Assessing the trends driving the boom in credit secondaries.
  • Has it become so mainstream that its become a commodity?
15:20 - 16:00

Evolving landscape of fund structures in corporate credit

Michael Chimento
  • Exploring the shift towards evergreen structures and semi-liquid open-end funds in the US.
  • Where is the growth coming from?
  • What are the pros and cons of evergreen structures?

Michael Chimento, Principal & Senior Investment Director, Ballentine

A speaker photo for Michael  Chimento

Michael Chimento

Principal & Senior Investment Director

Read bio
15:20 - 16:00

What’s next in real asset debt? Data centres, evolving markets & more

Luke Fernandes
  • How is the universe evolving?
  • Infrastructure debt – the case for resilience, inflation and downside protection amidst volatility
  • Real estate debt – overcoming a tricky domestic market
  • Capitalizing on a global megatrend – debt investing in data centers

Luke Fernandes, Head of US Infrastructure Debt, Director, Swiss Re Asset Management

A speaker photo for Luke  Fernandes

Luke Fernandes

Head of U.S. Infrastructure Debt, Swiss Re Asset Management

Read bio
16:00 - 16:20

Afternoon Networking Break

16:20 - 17:00

LP insight panel: Investor sentiment and behavior

Anna Dayn, Christian McCormick, Steven Meier, Jennie Rose
  • Understanding the evolving preferences of investors across North America
  • Investor views on the credit cycle and macro-economic climate – what strategies are offering the best protection and returns?
  • Appetite for co-investments and alternative investment models within the private credit arena

Moderator: Anna Dayn, Managing Director, New End

Christian McCormick, Head of Client Portfolio Management, Meketa Investment Group

Steven Meier, Chief Investment Officer & Deputy Comptroller for Asset Management, Office of New York City Comptroller

Jennie Rose, Head of American Private Credit, AustralianSuper

A speaker photo for Anna Dayn

Anna Dayn

Managing Director, New End

Read bio
A speaker photo for Christian McCormick

Christian McCormick

Senior Vice President, Head of Client Portfolio Management, Meketa Investment Group

Read bio
A speaker photo for Steven Meier

Steven Meier

Chief Investment Officer and Deputy Comptroller for Asset Management, Office of New York City Comptroller

Read bio
A speaker photo for Jennie Rose

Jennie Rose

Head of American Private Credit, AustralianSuper

Read bio
17:00 - 17:30

Meet the Allocator roundtables (LP hosted roundtables served with drinks)

  • Manager selection in a competitive landscape
  • Emerging growth areas in private debt (e.g. ABL, portfolio finance)
  • Selection criteria in private credit
  • Special situations – a revamped opportunity?
  • How to include niche strategies in a portfolio
  • The future of sustainability in North American private credit
17:30 - 18:30

Chairperson’s closing remarks for day 1 and drinks reception

Agenda

Day 2 - Wednesday 17th

08:00 - 09:35

Registration & LP breakfast briefing, sponsored by Carlyle

Plenary
09:35 - 09:40

Chairperson’s Welcome Address

09:40 - 10:20

The cross-border opportunity set in the U.S. and Europe

  • Market Outlook US vs. Europe
  • European opportunities vs cross border
  • How is this opportunity evolving in an increasingly deglobalized world?
10:20 - 11:00

Selecting strategies for times of dislocation

Alex Popov
  • Distressed vs performing credit- is the credit cycle turning now?
  • How vast is the universe of opportunity for opportunistic credit?
  • Risk and returns profile across special situations and distressed debt
  • How are these strategies performing in the current cycle?

Alex Popov, Head of Credit Opportunities, Carlyle

A speaker photo for Alex Popov

Alex Popov

Head of Credit Opportunities, Carlyle

Read bio
11:00 - 11:15

PDI Data presentation: market data and trends

11:15 - 11:40

Morning Networking Break

Plenary
11:40 - 12:20

Sponsored Direct Lending Convergence

  • How has the relative value paradigm within sponsored direct lending shifted due to heightened competition in this sector?
  • How do LPs view consolidation in this sector?
  • Implications on pricing, culture clash and incentives.
12:20 - 13:00

Debate: Who’s issuing the better credits?

  • Deal activity in Large cap, core middle market vs lower mid market
  • How selective are managers when looking at deals across the landscape?
  • What’s shaping underwriting and how do managers consider leverage levels?
  • LP perspective on how they feel credit quality is holding up in the lower to upper mid market against the macro-economic background
Lunch
13:00 - 14:00

Networking Lunch

13:00 - 14:00

Women in Private Debt Lunch

14:00 - 14:40

The role of insurance companies in private credit

  • How do insurance companies participate in the private credit market?
  • What’s driving the surge in demand for private credit from the insurance sector despite rising yields in public markets?
  • What structural protections are we seeing in the market?
  • How are managers navigating the benefits and challenges of insurance capital?
14:40 - 15:20

PDI Emerging Manager Investment Committee

In a mock investment committee format, two emerging managers will present transaction case studies to the audience, before answering questions from our expert moderators and the audience, with interactive polling and Q&A

15:20 - 15:45

Closing LP keynote interview: Generating alpha through private debt

15:45 - 15:50

Closing Remarks and End of Conference

2024 Hotel & venue

New York Hilton Midtown
1335 Avenue of the Americas, New York 10019

All conference sessions will take place at New York Hliton Midtown.

Enjoy a preferential nightly rate exclusively for PDI New York Forum attendees. A limited number of rooms are available on a first-come-first-serve basis. Book your room here.

Connect with 100+ private debt investors

Form invaluable relationships with 100+ institutional investors, and other private debt professionals attending the forum.

Ensure you are at the forefront of the latest trends and investment strategies by participating in networking sessions and important conversations with industry leaders.

 

View the 2024 attendee list

100+ of North America’s leading investors including:

Network with institutional investors

Take advantage of the unique opportunity to meet institutional investors and discuss how private credit strategies fit into their portfolios.

Participate in invaluable discussions

Improve your private debt strategies and enhance your returns through conversations with private debt leaders.

Create lasting connections

Build your network of knowledgeable and experienced contacts within the private debt sector by networking with your fellow attendees.

Apply for a complimentary institutional investor pass

The Private Debt Investor New York Forum is the largest meeting place for private debt professionals in North America. A limited number of complimentary passes are available for eligible institutional investors to join the event.

To qualify for a complimentary pass, you must meet the eligibility criteria in representing a pension fund, insurance company, sovereign wealth fund, foundation, endowment, trust, family office, hospital/healthcare system, or corporate investment division who are actively making fund commitments and do not engage in third-party fundraising activities or collect fees for advisory/consulting services.

Apply for a pass today and a member of our team will follow up with you.

Apply now

Previous attending investors include:

What can you expect?


Gain Expert Insights

Hear from established global and regional private credit managers on their outlook for private debt and diversified strategies.


Explore new opportunities

Discover private debt opportunities across strategies such as direct lending, secondaries, and real assets.


Advance your network

Enrich your network, build lasting relationships, and exchange valuable perspectives with your investor peers. Learn how to navigate the current market environment so you can accelerate your private debt strategies.

 

Investors at PDI New York Forum

The forum is the largest gathering in North America for institutional investors and other professionals part of the private debt community.

Download the investor prospectus to access important details and insights about the event.

Download

The lineup includes pensions, insurance companies, and more

Past investor speakers include

Apply for your complimentary pass

A limited number of complimentary passes are available for allocators and institutional investors to join the event.

Complimentary investor passes are limited to pension fund, insurance company, sovereign wealth fund, foundation, endowment, trust, family office, hospital/healthcare system, or corporate investment division who are actively making fund commitments and do not engage in third-party fundraising activities or collect fees for advisory/consulting services.

Apply for a pass and a member of our team will follow up with you.

Apply now

2025 advisory board:

Robin Blumenthal

Americas Editor, Private Debt Investor

Ali Boudhina

Senior Director, Credit Risk, HOOPP (Healthcare of Ontario Pension Plan)

Michael Chimento

Principal & Senior Investment Director, Ballentine

Jennifer Hartviksen

Managing Director, Global Credit, IMCO

Florian Hofer

Managing Director, Golding Capital

Jiří Król

Deputy CEO, Global Head of Government Affairs, AIMA & Alternative Credit Council

Karen Simeone

Managing Director, HarbourVest Partners

View key insights from the conference

Join us again

15-16 October
Hilton Munich City, Munich

Learn more

26-27 March 2025
Sands Expo and Convention Centre
Singapore

Learn more

Introducing the Private Debt Investor Network

A year-round, exclusive community designed to elevate private debt professionals through continuous LP connections and insights

As a private debt professional, you face unique challenges. Amidst a complex and rapidly shifting landscape, building trust with investors to raise capital, managing stakeholder relationships, finding the right investments for your risk profile, and conveying strong performance, is no easy task. The Private Debt Investor Network, backed by PEI’s industry-leading expertise, is here to help connect you with investors, provide actionable insights, and empower you to thrive in your role.

Join now for a strong professional community

Unlock success at the must-attend New York Forum

Meet your next investor and discover the latest investment strategies alongside a 400 strong community of LPs, fund managers, advisors and thought leaders. Returning for its 12th year, this two-day event offers invaluable networking, interactive discussions, and actionable insights to empower your team and elevate your firm’s success.

Join now for industry best practices

Enhanced access to LPs

Keep fundraising all year long. With access to frequent Network meetings, you’ll join a community that connects regularly with LPs to discuss European and global trends and build relationships. You’ll have continuous opportunities to deepen relationships with LPs and peers, exchange insights, and stay ahead of industry trends.

Join now for enhanced access

Personal support & connections to help you succeed

You won’t be navigating this journey alone. Our dedicated Network Manager is here to support you, making personal investor introductions and connecting you with peers or advisors as needed. Plus, you’ll have access to a Member Directory to help you forge meaningful relationships and connections.

Join now for a personalised member experience

Actionable industry insights

Stay ahead with expert analysis on key market and fundraising trends, and unique LP perspectives you can’t get anywhere else. Our research cuts through the noise to arm you with the knowledge you need to make informed decisions and elevate your returns.

Join now for the latest insights

Join us at the New York Forum AND become a Private Debt Investor Network member

Join the PDI New York Forum with a GP Member Pass (fund managers) and get year-round access to the Private Debt Investor Network, launching May 2025. Connect with industry leaders, gain exclusive insights, and expand your network. Secure your pass today!

Emerging Managers save an additional 30%. Email anna.d@pei.group to claim your exclusive discount.


Non-member GP Pass

General Partner Forum Access

$4,500

Join now

MOST POPULAR – SAVE $1,105

GP Pass + Membership

Become a PDI Network member and benefit from a reduced rate!

$3,395*

*Early bird pricing ends 30th May

This all inclusive pass combines:

  • Discounted entry to the Forum ($995)
  • Full member access to the PDI Network for a year ($2,400)

Join now

Discounted group rates available at checkout

 


Service Provider Pass

Pricing from

$4,695

Join now

Introducing the Private Debt Investor Network

A year-round, exclusive community designed to elevate private debt professionals through continuous LP connections and insights


As a private debt professional, you face unique challenges. Amidst a complex and rapidly shifting landscape, building trust with investors to raise capital, managing stakeholder relationships, finding the right investments for your risk profile, and conveying strong performance, is no easy task. The Private Debt Investor Network, backed by PEI’s industry-leading expertise, is here to help connect you with investors, provide actionable insights, and empower you to thrive in your role.

Join now for a strong professional community

Unlock success at the must-attend New York Forum

Meet your next investor and discover the latest investment strategies alongside a 400 strong community of LPs, fund managers, advisors and thought leaders. Returning for its 12th year, this two-day event offers invaluable networking, interactive discussions, and actionable insights to empower your team and elevate your firm’s success.

Join now for industry best practices

Enhanced access to LPs

Keep fundraising all year long. With access to frequent Network meetings, you’ll join a community that connects regularly with LPs to discuss European and global trends and build relationships. You’ll have continuous opportunities to deepen relationships with LPs and peers, exchange insights, and stay ahead of industry trends.

Join now for enhanced access

Personal support & connections to help you succeed

You won’t be navigating this journey alone. Our dedicated Network Manager is here to support you, making personal investor introductions and connecting you with peers or advisors as needed. Plus, you’ll have access to a Member Directory to help you forge meaningful relationships and connections.

Join now for a personalised member experience

Actionable industry insights

Stay ahead with expert analysis on key market and fundraising trends, and unique LP perspectives you can’t get anywhere else. Our research cuts through the noise to arm you with the knowledge you need to make informed decisions and elevate your returns.

Join now for the latest insights