Connecting Japanese capital to global private debt opportunities

The 5th annual PDI Tokyo Forum returned on 29 June 2023 to discuss the future capital flow from Japan to global private debt markets with 200+ attendees and Japanese investors.

Understand key trends shaping investors’ decision-making process and crucial qualities they look for in a fund manager when allocating capital.

Register your place here to get the best savings to join Japanese and Korean investors in-person in 2024.

Part of the Japan Korea Week

The Tokyo Forum was part of the Private Debt Investor Japan Korea Week took place on 26-29 June. Over 300 senior decision-makers joined one week of unrivalled networking across two regional hubs.

View how to access the Japan Korea Week and 150+ institutional investors here.

Meet Japanese investor attendees including:

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Akihiro Endo (Left), Co-Head of Private Equity from Tokio Marine AM interviewed Tadasu Matsuo (Right), Managing Director at JST, about the trends shaping their private debt portfolios.

Keynote interview: The role of private debt in JST

Tadasu Matsuo
Managing Director and Head of Global Alternative Investments
Japan Science and Technology Agency (JST)

In this special interview with Tadasu Matsuo, head of global alternative investments at JST (AUM$80.7b) shared their private credit investment strategies and Japanese institutional investors’ perspective on key investment considerations when allocating to this asset class.

 

View agenda

 

Keynote presentation: The opportunity in Australian Private Debt

Andrew shared an overview of the Australian and international private debt markets and the new opportunities arising from the markets to drive your portfolio growth.

View agenda

Andrew Lockhart, Managing Partner, Metrics Credit Partners

2023 speakers:

Why attend Tokyo Forum?

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.

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.

 

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.

Download the event brochure to discover:

  • Crucial conversations and trends shaping Japanese investor allocations
  • Our keynote speakers
  • Featured investor and thought-leading speakers
  • Confirmed attendees you will meet this June
  • and much more.

Download

Apply for a complimentary Institutional Investor pass

A limited number of complimentary passes are available for 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, private wealth manager, foundation, endowment, family office or corporate investment division.

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

Apply now

日本の資本と世界のプライベート・デットの架け橋

6月29日(木)にて開催する第5回年次「PDI Tokyo Forum」では、世界各国のプライベート・デット・コミュニティーが一堂に集まり、グローバルな権限を有するグローバルなファンドマネージャーと日本の機関投資家とを結びつけます。

急激に変化するグローバル環境を鑑み、東京フォーラムでは、基準の設定、グローバルな機会の提示、貴社の業績アップに資するネットワークを構築する機会を提供し続けます。

最も信頼がおけるグローバルなプライベート・デットの情報発信の場「Private Debt Investor」の地位を活用するにあたり、このフォーラムは、日本における主要機関投資家との人脈づくりの場として、または影響力のあるグローバルなふぁんとの交流の場として最適です。

今年絶対にお見逃しなく
プライベートデットカンファレンスシリーズ

「PDI Tokyo Forum」は PDI Japan Korea Weekの開幕フォーラムとして、東京でグローバルコミュニティと繋がり、グローバル市場洞察力を得るイベントです。

詳細へ

日本やグローバルな上級意思決定者と会える場所

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Why Tokyo Forum?

日本と世界の投資家コミュニティとの出会い

ゆうちょ銀行、第一生命保険、国立研究開発法人科学技術振興機構(JST)、ブラックストーン、HPSをはじめとする大物投資家と直接デット投資の戦略を交流することができます。

戦略的な優位性を獲得

投資家のニーズ変化と、さまざまな戦略への欲求が変更していることを理解できます。

対面での持続的な関係構築

日本の投資家やグローバルなプライベートクレジットのリーダーたちと情報交換し、今後のポートフォリオ戦略について話し合いましょう。

キーノートスピーカーに会う

松尾 匡氏(左)

10兆円規模の大学ファンドを運用する国立研究開発法人科学技術振興機構(JST)
マネージング・ディレクター
オルタナティブ投資統括責任者

日本で10兆円規模を誇る大学ファンドJSTから、同機構のオルタナティブ投資を強化するという方針に沿ったプライベートデット投資アプローチをご紹介いただきます。

Andrew Lockhart氏(右)

Metrics Credit Partners
マネージング・パートナー

PEとデットの機関投資家のAndrew Lockhart氏が、オーストラリアのプライベート・デットマーケットについての情報を共有してください。

プログラムを見る

2023 講演者陣

View all speakers
View all speakers

このカンファレンスを構成する主要な話題:

  • 投資家はプライベートデットが今後のポートフォリオにどのような役割を果たすと見ているか?
  • 日本の投資家のデット戦略における重点はどこへシフトするのか、またどのようにレジリエンスを維持するのか?
  • リスク調整後のベストリターンに対するグローバルGPの洞察
  • 他にもたくさんあります。

イベントパンフレットを見る

機関投資家参加パス申請

資産機関と機関投資家の場合、イベントに参加できる限られた無料パスが提供されます。

参加パスの対象者には財団、基金、保険会社、シングルファミリーオフィス、政府系ファンド、公的・私的年金基金を代表する方々です。

第三者による資金調達活動を行わず、助言やコンサルティングサービスに対する手数料を徴収していないことが条件となります。また、パスは主に自己勘定でファンドに投資する機関に限定されます。

以下のフォームにご申し込むと、うちのチームメンバーが参加確定のためにご連絡いたします。

申込みはこちらへ

Discover trending topics

Download the agenda today to discover trending topics shaping the Japanese investor allocations.

Day 1
View agenda page

Agenda

PDI Tokyo Forum - Thursday 29th

All times in JST/ UTC+9 (Simultaneous translation between Japanese and English provided)
08:15 - 09:00

Registration, networking, and welcome refreshment

08:30 - 09:00

Investor only closed-door interactive roundtable [Japanese]

An opportunity for investors network in a comfortable environment and discuss best practices for engaging with fund managers during due diligence and management, main challenges in structuring and diversifying their private debt strategies. The roundtable will be facilitated by: Xiaodong (Akina) Chang, Senior Fund Manager, Private Equity Investment Department, Tokio Marine Asset Management, Kunio Kamoi, Senior Product Manager, Fund Research and Development Division, and Kanako Yabuki, Product Manager, Mitsubishi UFJ Trust and Banking Corporation. Please contact Momo Sato at momo.s@pei.group to secure your place.

09:00 - 09:05

PEI welcome

09:05 - 09:10

Opening remarks

James Haines
James Haines

James Haines

General Manager and Head of Global Real Estate Structured Debt, Aozora Bank

Read bio
09:10 - 09:50

Opening panel: Why private credit is here to weather the storm [English]

Joji Takeuchi, Jeff Levin, Greg Racz, Marc Preiser, Mark Glengarry
  • Is moving to private credit a temporary shift or a permanent change in lending dynamics?
  • What is changed, changing and unchanged for credit investment strategies after pandemic?
  • Expert views on current investing landscape, macroeconomy, default rates and stagflation
  • How to take into ESG considerations such as climate solution and net zero strategy in the private debt space
A speaker photo for Joji Takeuchi

Joji Takeuchi

Executive Manager, Private Asset Investments, Strategic Fund Investment Group, Asset Management One

Read bio
A speaker photo for Jeff Levin

Jeff Levin

Managing Director of Morgan Stanley, Co-Head of Morgan Stanley’s North America Private Credit team, Portfolio Manager and the Head of Direct Lending

Read bio
A speaker photo for Greg Racz

Greg Racz

Co-founder and President, MGG Investment Group

Read bio
A speaker photo for Marc Preiser

Marc Preiser

Portfolio Manager - Direct Lending, Fidelity International

Read bio
A speaker photo for Mark Glengarry

Mark Glengarry

Head of APAC, Blackstone Credit

Read bio
09:50 - 10:20

Keynote presentation: The opportunity in Australian Private Debt [English]

Andrew Lockhart
  • Opportunity in Australian private debt
  • Key differences between Australian and international private debt
  • The importance of direct origination and risk management in delivering better investor outcomes
  • How to incorporate Australian private debt into an investment portfolio
A speaker photo for Andrew Lockhart

Andrew Lockhart

Managing Partner, Metrics Credit Partners

Read bio
10:20 - 10:50

Networking break

10:50 - 11:30

Panel: Pan-Asia private credit opportunities [English]

Alex Lynn, Lakshmi Iyer, Susan Lee, Edwin Wong
  • Why is private debt on the rise as an asset class in Asia?
  • Compare key regions in Asia, what are the relative attractions of each, in terms of liquidity, yields and sectors
  • What views are managers hearing from investors? Are they ahead of the game, or take a wait-and-see approach?
A speaker photo for Alex Lynn

Alex Lynn

Hong Kong Bureau Chief, PEI Group

Read bio
A speaker photo for Lakshmi  Iyer

Lakshmi Iyer

CEO – Investment & Strategy, Kotak Investment Advisors

Read bio
A speaker photo for Susan Lee

Susan Lee

Head of Private Credit and Hedge Fund IDD, Asia, Albourne Partners

Read bio
A speaker photo for Edwin Wong

Edwin Wong

Partner and Head, Ares Asia

Read bio
11:30 - 11:50

Presentation: Active management during stress; how to think about downside protection in direct lending and the restructuring process [English]

Vikas Keswani
A speaker photo for Vikas Keswani

Vikas Keswani

Managing Director and Head of North American Specialty Lending, HPS Investment Partners

Read bio
11:50 - 12:20

Keynote interview: What’s the role for private debt in the university endowment fund portfolios going forward? [Japanese]

Akihiro Endo, Tadasu Matsuo
A speaker photo for Akihiro Endo

Akihiro Endo

Co-Head of Private Equity Investments

Read bio
Tadasu Matsuo, Japan Science & Technology Agency (JST)

Tadasu Matsuo

Managing Director and Head of Global Alternative Investments, Japan Science and Technology Agency (JST)

Read bio
12:20 - 13:30

Networking luncheon

13:30 - 13:50

Private Debt in Numbers [English]

Chin Yuen
A speaker photo for Chin Yuen

Chin Yuen

Research Manager, Asia

Read bio
13:50 - 14:20

Panel: Safeguarding your investment - what covenants looks like today and what are the key questions investors should ask when it comes to covenants?[English]

Xiaodong (Akina) Chang, Kerry Dolan, Antonella Napolitano, Kanako Yabuki
  • Do managers agree that there has been a trend for documentation loosening over the past several years? Are there any terms that managers insist upon?
  • What level of flexibility of mandates appealing to Japanese institutional investors?
  • ESG requirements are being more stringent than pre-pandemic, is this trend rising in Japan?
A speaker photo for Xiaodong (Akina) Chang

Xiaodong (Akina) Chang

Senior Fund Manager, Private Equity Investment Department, Tokio Marine Asset Management

Read bio
A speaker photo for Kerry Dolan

Kerry Dolan

Founder and Managing Partner, Brinley Partners

Read bio
A speaker photo for Antonella Napolitano

Antonella Napolitano

Managing Director, Global Head of Investor Relations & Capital Formation, Deerpath Capital Management

Read bio
A speaker photo for Kanako  Yabuki

Kanako Yabuki

Senior Product Specialist, Mitsubishi UFJ Trust and Banking Corporation

Read bio
14:20 - 15:00

Panel: New strategies and emerging sectors [English]

Jingjing Bai, Andrew Bellis, Brett Lauber, Tomohiro Nakazawa, Michael Gross
  • Are investors willing to target more opportunistic strategies in exchange for a bit more risk?
  • Deep dive into collateralized loan obligation (CLOs), asset-backed loans, venture debts specialty finance, fund finance and NAV financing – Which approach will let investors sleep well at night? Is private debt secondaries the next wave?
  • Examining sectors such as royalties, technology, healthcare, etc.
A speaker photo for Jingjing Bai

Jingjing Bai

Senior Advisor, Bfinance

Read bio
A speaker photo for Andrew Bellis

Andrew Bellis

Partner, Global Head of Private Debt, Partners Group

Read bio
A speaker photo for Brett Lauber

Brett Lauber

Managing Director, Northleaf Capital Partners

Read bio
A speaker photo for Tomohiro  Nakazawa

Tomohiro Nakazawa

Head of Global Fixed Income

Read bio
A speaker photo for Michael Gross

Michael Gross

Co-Founder, SLR Capital Partners

Read bio
15:00 - 15:30

Networking break

15:30 - 16:10

Panel: Conducting due diligence and stress testing [Japanese]

Kunio Kamoi, Yoshitaka Nishizawa, Daichi Suzuki, Kazuo Nishimura, Tomohisa Aramoto
  • Perspectives from gatekeepers and investors: private credit vs alternatives
  • Private debt is relatively new to many Japanese investors – what are “must have”, “should have” and “won’t have” during the due diligence process?
  • How can issuers and investors mitigate risks and avoid potential pitfalls?
A speaker photo for Kunio Kamoi

Kunio Kamoi

Senior Product Manager, Fund Research and Development Division, Mitsubishi UFJ Trust and Banking Corporation

Read bio
A speaker photo for Yoshitaka  Nishizawa

Yoshitaka Nishizawa

Principal, Alternative Investment Capital

Read bio
A speaker photo for Daichi  Suzuki

Daichi Suzuki

Head of Business Strategy Team, Alternative Investment Department, Nomura AM

Read bio
A speaker photo for Kazuo  Nishimura

Kazuo Nishimura

Director

Read bio
A speaker photo for Tomohisa  Aramoto

Tomohisa Aramoto

Deputy General Manager, Sumitomo Mitsui Trust Bank

Read bio
16:10 - 16:45

Panel: Distressed debt and special situations – Is now a good time for investors to be a “white knight”? [Japanese & English]

Tomoko Kitao , David Bruce, Maiko Nanao, Ken Niimura
  • Given the volatility, inflationary pressures and geopolitical tension, distressed debt opportunities are on the uptick – which sectors and regions are more attractive?
  • What is the status of special situations and non-performing market today?
  • Which sectors have managers seen increasing activities and will keep an eye on in the following year?
Tomoko Kitao, Hamilton Lane

Tomoko Kitao

Managing Director, Japan Representative

Read bio
A speaker photo for David Bruce

David Bruce

Head of Private Markets Strategic Development, The D. E. Shaw Group

Read bio
A speaker photo for Maiko Nanao

Maiko Nanao

Managing Director, Investment Research, Asia

Read bio
A speaker photo for Ken Niimura

Ken Niimura

Co-founder and CEO, Topaz Capital

Read bio
16:45 - 17:30

Panel: Where do Japanese asset owners see pockets of opportunity? [Japanese]

Yuji Sakurai, Koji Sugauchi, Makoto Ichioka, Junichi Tanaka, Katsuyuki Tokushima, Yayoi Ariga
  • What are top criteria when selecting new private debt funds?
  • How have been investors sentiments investing in senior debt vs subordinated vs distressed debt vs real asset debts?
  • What is current private debt portfolio construction and upcoming plan?
A speaker photo for Yuji Sakurai

Yuji Sakurai

Senior Vice President, Strategic Finance Department

Read bio
A speaker photo for Koji Sugauchi

Koji Sugauchi

Director and General Manager, Fund Management Department, Osaka Shoko Shinkin Bank

Read bio
A speaker photo for Makoto  Ichioka

Makoto Ichioka

Fund Manager, Co-Head of Overseas Infrastructure and Private Corporate Debt

Read bio
Junichi Tanak, Sumitomo Life Insurance

Junichi Tanaka

General Manager, Responsible Investment, Sumitomo Life Insurance

Read bio
A speaker photo for Katsuyuki  Tokushima

Katsuyuki Tokushima

Director, Member of the Board and Head of Pension Research and ESG Development, NLI Research Institute

Read bio
A speaker photo for Yayoi Ariga

Yayoi Ariga

Director, Head of Alternatives Investment, MetLife Insurance K.K. Japan

Read bio
17:30 - 18:30

Closing remarks, followed by networking cocktail reception and end of 5th PDI Japan Korea Week

Institutional Investors at the Tokyo Forum

A limited number of 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, private wealth manager, foundation, endowment, family office 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 be in touch to confirm your eligibility.

Apply now

Investors at PDI Tokyo Forum

The Forum is the largest meeting place for institutional and private investors, and other members of the private debt community in Japan.

Check out the benefits of joining the conference and who among your peers you will be joining. Apply for a complimentary pass for you or your team today.

View investor prospectus

Why Tokyo Forum?

Meet the biggest global funds

Network and arrange one-to-one meetings with the biggest and leading private debt managers.

Network with your peers

Connect with your peers and understand their strategies and allocation approach to private debt at our networking cocktail and luncheon.

Get the latest insights

Discuss the opportunities and challenges your peers are facing in the market at the investor roundtable.

Explore opportunities

Find investment opportunities across different debt strategies, from direct lending, mezzanine, and unitranche lending.

What to expect?

80+

Institutional Investors

 

50+

Speakers

150+

Attendees

Our year-on-year investor attendees include:

ABL Life Insurance
AISIN Employees’ Pension Fund
Asahi Mutual Life Insurance
CDPQ Singapore
Chikyoren
Daido Life Insurance
Development Bank of Japan
DIC Pension Fund
Farmers’ Pension Fund
Fubon Hyundai Life Insurance
Government Employees Pension Service
Hanwha Life Insurance
Heungkuk Life Insurance
Hyundai Insurance
Industrial Bank of Korea
Japan Highway Company Corporation
Japan Post Bank
Japan Post Insurance
Japan Science & Technology Agency
KDB Life Insurance
Korea Investment Corporation (KIC)
Korea National Pension Service (NPS)
Korean RE
Korean Teachers’ Credit Union (KTCU)
LOTTE Non-life Insurance
Meiji Yasuda Life Insurance
Public Officials Benefit Association (POBA)
Samsung Fire & Marine Insurance
Sumitomo Life Insurance
ZENKYOREN
And many more.

Part of the PDI Japan Korea Week

PDI Seoul Forum
Seoul
25 June 2024

Connecting South Korean capital to global markets

Learn more

PDI Tokyo Forum
Tokyo
27 June 2024

Connecting Japanese capital to global opportunities

Learn more

Apply for a complimentary Institutional Investor pass

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

Complimentary investor passes are limited to foundations, endowments, insurance companies, single family offices, sovereign wealth funds and pension funds 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 be in touch to confirm your eligibility.

Apply now

Discover your event experience

Pre-Event Resources

2023 Confirmed speakers:

Contact producer, Niann Lai at niann.l@pei.group if you’re interested in speaking at the conference.

Tomohisa Aramoto

Deputy General Manager, Sumitomo Mitsui Trust Bank

Yayoi Ariga

Director, Head of Alternatives Investment, MetLife Insurance K.K. Japan

Jingjing Bai

Senior Advisor, Bfinance

Andrew Bellis

Partner, Global Head of Private Debt, Partners Group

David Bruce

Head of Private Markets Strategic Development, The D. E. Shaw Group

Xiaodong (Akina) Chang

Senior Fund Manager, Private Equity Investment Department, Tokio Marine Asset Management

Kerry Dolan

Founder and Managing Partner, Brinley Partners

Akihiro Endo

Co-Head of Private Equity Investments, Tokio Marine Asset Management

Mark Glengarry

Head of APAC, Blackstone Credit

Michael Gross

Co-Founder, SLR Capital Partners

James Haines

James Haines

General Manager and Head of Global Real Estate Structured Debt, Aozora Bank

Makoto Ichioka

Fund Manager, Co-Head of Overseas Infrastructure and Private Corporate Debt, Daido Life Insurance Company

Lakshmi Iyer

CEO – Investment & Strategy, Kotak Investment Advisors

Kunio Kamoi

Senior Product Manager, Fund Research and Development Division, Mitsubishi UFJ Trust and Banking Corporation

Vikas Keswani

Managing Director and Head of North American Specialty Lending, HPS Investment Partners

Tomoko Kitao, Hamilton Lane

Tomoko Kitao

Managing Director, Japan Representative, Hamilton Lane

Brett Lauber

Managing Director, Northleaf Capital Partners

Susan Lee

Head of Private Credit and Hedge Fund IDD, Asia, Albourne Partners

Jeff Levin

Managing Director of Morgan Stanley, Co-Head of Morgan Stanley’s North America Private Credit team, Portfolio Manager and the Head of Direct Lending, Morgan Stanley Investment Management

Andrew Lockhart

Managing Partner, Metrics Credit Partners

Alex Lynn

Hong Kong Bureau Chief, PEI Group

Tadasu Matsuo, Japan Science & Technology Agency (JST)

Tadasu Matsuo

Managing Director and Head of Global Alternative Investments, Japan Science and Technology Agency (JST)

Tomohiro Nakazawa

Head of Global Fixed Income, Tokio Marine Holdings

Maiko Nanao

Managing Director, Investment Research, Asia, Aksia Asia

Antonella Napolitano

Managing Director, Global Head of Investor Relations & Capital Formation, Deerpath Capital Management

Ken Niimura

Co-founder and CEO, Topaz Capital

Kazuo Nishimura

Director, Tasku Advisors

Yoshitaka Nishizawa

Principal, Alternative Investment Capital

Marc Preiser

Portfolio Manager - Direct Lending, Fidelity International

Greg Racz

Co-founder and President, MGG Investment Group

Yuji Sakurai

Senior Vice President, Strategic Finance Department, Development Bank of Japan

Koji Sugauchi

Director and General Manager, Fund Management Department, Osaka Shoko Shinkin Bank

Daichi Suzuki

Head of Business Strategy Team, Alternative Investment Department, Nomura AM

Joji Takeuchi

Executive Manager, Private Asset Investments, Strategic Fund Investment Group, Asset Management One

Junichi Tanak, Sumitomo Life Insurance

Junichi Tanaka

General Manager, Responsible Investment, Sumitomo Life Insurance

Katsuyuki Tokushima

Director, Member of the Board and Head of Pension Research and ESG Development, NLI Research Institute

Edwin Wong

Partner and Head, Ares Asia

Kanako Yabuki

Senior Product Specialist, Mitsubishi UFJ Trust and Banking Corporation

Chin Yuen

Research Manager, Asia, PEI Group

Raise your profile among senior 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 on available sponsorship opportunities, please contact Beth Piercy at beth.p@peimedia.com or call +44 20 7566 5464.

Register your interest on the enquiry form

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October 17-18, 2023
Hilton Munich City

Capitalising opportunities across private debt

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March, 2024
Singapore

Connecting APAC and global private debt markets

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