Xiaodong (Akina) Chang
Senior Fund Manager, Private Equity Investment Department, Tokio Marine Asset Management
Connecting Japanese capital to global private debt opportunities
The PDI Tokyo Forum took place on 10 November 2022 to shape future capital flow from Japan to global private debt markets.
Understand key trends shaping investors’ decision-making process and crucial qualities they look for in a fund manager when allocating capital.
Key conversations shaping the conference:
- How do investors view private debt’s role in future portfolios?
- Where does Japanese investors’ focus shift on debt strategies and how to stay resilient?
- Global GPs’ insight on the best risk-adjusted returns
- And more.
Register your place here to get the best savings to join Japanese and Korean investors in-person in 2023.
Expand your fundraising horizons in Asia
The Tokyo Forum is the #1 virtual private debt fundraising conference to secure capital allocations from Japan's most influential investors.
Meet Japan’s investor community
Connect with behemoth investors GPIF, Japan Post Bank, Dai-ichi Life Insurance and more Japanese investors in person for the first time since the pandemic.
Gain a strategic edge
Understand investors’ changing needs and appetite shift towards different strategies.
Build lasting relationships in-person
Catch up with Japanese investors and global private credit leaders to discuss future portfolio strategies.
Meet our keynote
Yasuyuki Tomita
Executive Director
Head of Private Equity Investments
Japan Science and Technology Agency (JST)
Meet our keynote, Yasuyuki Tomita, Head of Private Equity Investments at JST (AUM$80.7b) to understand how Japanese investor giant has been managing Japan’s PE portfolios for 20+ years.
2022 speakers include:
What our delegates say
Qianru Yang
Keppel Capital
Well thought through and relevant content. Provides good insight into how LPs think about this asset class.
Ryoko Katayama
Topaz Capital
Very well organized and structured. Great access to the assets’ leading players and insights.
Harald Eggerstedt
Towers Watson
PDI events bring private debt investment and structuring expertise together like no other conference I have attended.
Seize the growth opportunity
Following the news of Pension Fund Association for Local Government Officials’ (Chikyoren) debut in private corporate debt investment and its existing exposure to private lending, as well as GPIF’s recent $73.4 million commitment for direct co-investment along with IFC and Development Bank of Japan, Japan’s institutional investors are expanding their alternative investments to generate yield amid the low interest rate environment. There has never been a better time to connect with the Japanese investors and grow your business in 2020 and beyond.
Access global market intelligence
Utilising Private Debt Investor’s position as the most prestigious publication specialised in private debt, the Forum will provide you the most exclusive analysis together with unrivalled insights from global senior private debt professionals.
Based on the latest PDI 50 research the private debt market is stable, with future funds targeting more region-specific opportunities.
Supercharge fundraising by connecting with the most influential Korean LPs
Expand connections. Unlock the opportunities.
Latest survey completed by Private Debt Investor research team shows that private debts LPs are looking to increase the number of GP relationships.
Past attendees in Japan & Korea series events:
Shape the future of the private debt by joining the most elite community in Japan
Join more than 200 Private debt senior decision-makers around the world at the PDI Tokyo Forum and seize the opportunity to share the future of the private debt while building invaluable connections with institutional investors and fund managers.
Preliminary Agenda
This is 2020 agenda. Tell us what you like to hear at PDI Tokyo Forum by contacting Niann Lai at niann.l@peimedia.com.
View agenda page
Agenda
Agenda - Thursday 12th
Full day
08:00 - 08:50
Registration and coffee
08:50 - 09:00
Welcome from PDI and Chair's opening remarks
09:00 - 09:40
Opening panel: How will the private debt change in the next cycle?
- How the landscape for private debt in globe is developing in response to COVID-19?
- What a private credit deal looks like today and over the multiple cycles?
- Are sponsor-backed transactions still appealing and what benefits do they offer private lenders?
09:40 - 10:00
Presentation
Michael Patterson
Michael Patterson
Governing Partner and Global Head of Direct Lending, HPS Investment Partners
Read bio
10:00 - 10:40
Keynote panel: Risks vs Yields
• What GPs and banks do anything to manage and mitigate risk, in terms of country, sector and performance?
• Why banks’ involvement still prevalent in debt market and their role in partnership? What role are banks playing in the market today?
• How does the risk-return profile compared in developed and developing regions?
• Risk management: What if pandemics strike again?
10:40 - 11:10
Networking refreshments
11:10 - 11:40
Presentation
11:40 - 12:20
Middle market lending in Europe and US
• Predicting the post COVID-19 mid-market direct lending market
• Major strategies and regions providing exceptional returns
• Incentives and deterrents to deploy capital
12:20 - 12:50
Distressed and special situations
• Where are the opportunities in the enormous market?
• How can distressed funds make the current environment work for them?
• What are factors that accelerate or derail future growth?
12:50 - 13:50
Networking lunch
13:50 - 14:20
Keynote: “The impact of COVID-19 on private debt”
14:20 - 14:50
The seamless solution - hybrid facilities in debt funds
• Where hybrid facility lies and how this adds into the fund management toolkit
• Why a high ratio of NAV facilities to hybrid facilities in the market
• Benefits by obtaining and using a hybrid facility for open-ended funds
14:50 - 15:20
Networking refreshments
15:20 - 15:50
Panel: Where to find uncrowded opportunities in Asia?
• How are different managers approaching open-ended and closed-ended vehicles and what are potential considerations for each?
• How do you see the opportunity set at larger end of the market? How does it differ in type and attractiveness with more mid-market plays?
• What should investors be aware of when approaching different markets across Asia?
• Opportunities and key challenges ahead for private debt in Asia
15:50 - 16:30
Panel: Meet the Japanese LPs and gatekeepers
• What now is the LPs’ view of private debt?
• Challenges facing lately regarding the asset allocations
• What is the relationship between LP and GP in a world of restricted travel? Are LPs prepared to commit to funds without seeing managers face to face?
16:30 - 16:55
Closing keynote
16:55 - 17:00
Chairperson’s closing remarks
17:00 - 18:00
End of forum and Cocktail
Pre-Event Resources
Partner with the PDI Tokyo Forum
The PDI Tokyo Forum 2020 will offer a unique opportunity for organisations to raise their profile among senior private debt decision-makers across the world.
For exclusive sponsorship package for the PDI Tokyo Forum and PDI Japan Korea Week, please contact sponsorship team at asiasponsorship@peimedia.com, call +852 2153 3846.
Two Forums, Unlimited Opportunities
Join the Seoul Forum and maximise your time in Asia
The second PDI Seoul Forum returns on 7 November 2019 with more than 100+ influential Korean outbound investors and fund managers in ONE room. If fundraising is your core business, do not miss the chance to meet both Japanese and Korean LPs in the same week.
Korean Investors that attended last year
Learn more about their strategy
KIC’s chief risk officer and executive vice-president, Seung Je Hong, told PDI: “I think the alternative investment industry is not standardised enough, and therefore it is perceived to be risky when making investment decisions by comparing return profiles with a GP’s peer group or their track records.”
What's the key in infrastructure debt
Check out the key takeaways from Infrastructure Investor Seoul Summit and find out the current state of Korean investors
Post-Event Resources
pdf
PDI Tokyo Forum - Presentation: Spotlight on commercial real estate debt in Australia
By PDI Tokyo Forum
2023 Confirmed speakers:
Jingjing Bai
Senior Advisor, Bfinance
Jingjing Bai is a Senior Advisor to bfinance since 2019, based in Hong Kong, and is responsible for multiple private markets fund selection projects in excess of 4 billion USD. In the recent years, Jingjing led several global alternative investment p… Read full bio
Xiaodong (Akina) Chang
Senior Fund Manager, Private Equity Investment Department, Tokio Marine Asset Management
Xiaodong Chang is a senior fund manager at private equity investment department with Tokio Marine Asset Management (TMAM) since 2011. She is responsible for sourcing, due diligence, monitoring, clients reporting of private equity and private debt fun… Read full bio
Brian Dillard
Partner and Head of Asia Credit, KKR
Brian Dillard (Hong Kong) joined KKR in 2006 and is a Partner and Head of Asia Credit. Prior to moving to Hong Kong in 2018, Mr. Dillard was a portfolio manager for KKR's Special Situations funds and portfolios in New York. Before joining the Special… Read full bio
Dan Gallen
Chief Investment Officer, Pallas Group
Dan is the co-founder and Chief Investment Officer of Pallas Group responsible for overseeing all real estate debt and equity transactions. During his 20-year career, Dan’s sharp financial instincts have seen him personally complete over $4 billion i… Read full bio
Kevin Griffin
Founder, Chief Executive Officer and Chief Investment Officer, MGG Investment Group
Mr. Griffin founded MGG Investment Group in 2014 and is the CEO and CIO of the firm. Prior to launching MGG, Mr. Griffin was a Managing Director with Highbridge Principal Strategies, where he was a senior member of the Specialty Lending Platform and… Read full bio
Andre A. Hakkak
Chief Executive Officer and Co-Founder, White Oak Global Advisors
Mr. Hakkak has served as co-portfolio manager and Investment Committee member of White Oak since 2007. Mr. Hakkak was previously the Founder and Chief Investment Officer of Alpine Global, Inc., a multi-strategy investment management firm which focuse… Read full bio
Yuko Hara
Director, Investment Private Assets, ORIX Life Insurance
Yuko Hara is a Director of Alternative Investment Team of Investment Department. She took this position in July 2020 and has been responsible for managing mainly Private Debt while the team is covering Private Equity, Infrastructures Real Estate. Pri… Read full bio
Tsutomu Ishida
Deputy General Manager, Tokio Marine and Nichido Fire Insurance
Tsutomu Ishida is a Deputy General Manager of Alternative Investment Group. He took this position in April 2015 and has been responsible for managing alternative investment which includes investment in private equity fund, hedge fund, debt fund and r… Read full bio
Sayaka Iwase
General Manager, Five Arrows Managers S.A., Rothschild & Co., Tokyo Office
Sayaka is a Director of Five Arrows Managers S.A., the Luxembourg General Partner of Rothschild & Co.’s Merchant Banking funds and the General Manager of Five Arrows Managers’ Tokyo branch. She leads sales and marketing, client servicing, adminis… Read full bio
Kunio Kamoi
Senior Product Manager, Fund Research and Development Division, Mitsubishi UFJ Trust and Banking Corporation
Kunio Kamoi is Senior Product manager of Mitsubishi UFJ Trust and Banking Corporation (MUTB) where he is responsible for selecting and monitoring Private Assets globally, such as Private Equity and Private Debt, as an advisor and a gatekeeper to corp… Read full bio
Patrick Keenan
Executive Chairman, Pallas Group
Patrick is the co-founder and Executive Chairman of Pallas Group, responsible for leading the overall strategic direction of the business. He has a professional background spanning 40 plus years as both a lawyer, investment banker and business owner/… Read full bio
Vikas Keswani
Managing Director and Head of North American Specialty Lending, HPS Investment Partners
Mr. Vikas Keswani is a Managing Director at HPS Investment Partners and Head of North American Specialty Lending. Prior to joining HPS in 2010, Mr. Keswani spent a majority of his career at BlackRock, where he was a part of the initial team that esta… Read full bio
Yoshi Kiguchi
Chief Investment Officer, Pension Fund of Japanese Corporations
As Pension Fund of Japanese Corporations’ CIO, Yoshi Kiguchi focuses on innovative investment strategies and products within the fund’s investment horizon. He has more than 30 years of experience in investment and risk management. Before that, Mr. Ki… Read full bio
Tomoko Kitao
Managing Director, Japan Representative, Hamilton Lane
Tomoko is a Managing Director, Japan Representative in Hamilton Lane, where she heads the firm’s Tokyo office. She is primarily responsible for client management and development of the firm’s client relationships in Japan. Prior to joining Hamilton L… Read full bio
Mari Kogiso
Co CEO, SDG Impact Japan
Mari is an impact investing expert with extensive background in inclusive business, sustainable finance, and social entrepreneurship. Most recently, Mari founded the SDG Impact Japan to promote sustainable finance in Japan and Asia and serve as CoCEO… Read full bio
Keiichi Komori
Managing Director, DBJ Asset Management
Keiichi Komori has been in finance industry for more than two decades with experience of overseas private equity fund and direct investments. He now covers US and European funds at DBJ Asset Management as managing director. Prior to joining DBJ group… Read full bio
Wai Leng Leong
Managing Director and Regional Head of Asia Pacific, CDPQ
Leong Wai Leng is responsible for the regional management of CDPQ Global in Asia Pacific. Based in Singapore, she coordinates all CDPQ activities in the region and ensures optimal positioning and outreach. CDPQ has offices in Singapore, New Delhi, Sh… Read full bio
Shoji Misawa
Executive Director, ORIX Asia Asset Management
Shoji Misawa serves as Executive Director and Responsible Officer at the ORIX Asia Asset Management (OAAM) based in Hong Kong which is a wholly owned subsidiary of ORIX Corporation headquartered in Tokyo (ORIX). OAAM is HK SFC Type 1, 4 and 9 license… Read full bio
Lily Murakami Voukadinov
Partner, Head of Japan Relationship Management and Investor Relations, Ares Global Client Solutions Group
Ms. Murakami is a Partner, Head of Japan Relationship Management and Investor Relations in the Ares Global Client Solutions Group, where she leads the team focused on institutional client management in Japan. Prior to joining Ares in 2011, Ms. Muraka… Read full bio
Antonella Napolitano
Managing Director, Global Head of Investor Relations & Capital Formation, Deerpath Capital Management
Antonella Napolitano is a Managing Director and Global Head of Investor Relations and Capital Formation at Deerpath Capital. Her primary responsibilities include firm strategy and development, product and structure innovation, investor relations and… Read full bio
Deborah Ogawa
Senior Director, Fitch Ratings
Deborah Ogawa is a senior director in U.S. Structured Finance, focusing on operational risk and research for CLOs and recently also ABS transactions. Prior to joining Structured Finance in 2018, Deborah was a corporate ratings analyst, specializing o… Read full bio
Alexander Ott
Managing Director, Partners Group
Alexander Ott is part of Partners Group's European Private Debt business unit, based in Zug, and has been with the firm since 2006 holding 19 years of industry experience. Prior to joining Partners Group, he was responsible for the Long Term Investme… Read full bio
Jeff Pentland
Managing Director, Northleaf Capital Partners
Jeff is a member of Northleaf's Investment Committees and oversees the origination, evaluation and monitoring of Northleaf’s private markets investments, with a focus on North American and Asian opportunities. Jeff also leads Northleaf’s investor rel… Read full bio
David Ross
Managing Director and Head of Private Credit, Northleaf Capital Partners
David is a Managing Director and the Head of Private Credit, responsible for overseeing the origination, evaluation and monitoring of Northleaf’s private credit investments globally. He is also involved in Northleaf’s investor relations and business… Read full bio
Chris Semple
Partner, Crestline
Chris Semple is Partner in Crestline. Mr. Semple joined Crestline in 2011 and is responsible for Crestline’s Opportunistic and Private Credit Strategies. He is a member of the Management Committee, the ESG Committee and various investment committees.… Read full bio
Jiro Shimpo
President and Chief Executive Officer, Tasku Advisors
Jiro Shimpo has 30 years of buy-side asset management experience including two decades in alternative investments. He runs his own advisory/investment firm to serve institutional investors. Prior to that, he spent each decade in a trust bank, life in… Read full bio
Eriko Shoji
Director, Japan Post Bank
Eriko Shoji is a Director at Japan Post Bank’s Private Equity Investment Department and oversees global junior credit investments as well as European buyout investments. Prior to joining Japan Post Bank in May 2019, she spent 12 years at the Norinchu… Read full bio
Yasuyuki Tomita
Executive Director, Head of Private Equity Investments, Japan Science and Technology Agency (JST)
Yasuyuki Tomita is an Executive Director, the Head of Private Equity Investments at JST. Prior to joining JST in March 2022, he worked at Development Bank of Japan (DBJ) from 1999. From 2019 to 2022, he supervised overall private equity (PE) business… Read full bio
Manabu Washio
Head, Aksia Asia
Manabu is Head of Aksia Asia in Tokyo and has over 30 years of experience in capital markets, derivatives and alternative investments. He oversees the advisory, research and operational work performed in Aksia’s Asia offices. Manabu also advises Aksi… Read full bio
Go Yamashita
Managing Director, KKR Capital Markets
Go Yamashita (Tokyo) joined KKR in 2017 and is a Managing Director on KKR's Capital Markets team. Prior to joining KKR, Mr. Yamashita worked at The Blackstone Group in Japan for nine years. Prior to that, Mr. Yamashita worked in the investment bankin… Read full bio
Chin Yuen
Research Manager, Asia, Private Debt Investor
Chin Yuen is a Research Manager at PDI. Based in Hong Kong, he is responsible for leading a team of researchers dedicated to maintaining a database of institutional investors, fund managers and funds in the private markets space. He is also leading a… Read full bio