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Informa
Sep 26
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09:00 - 09:30 30 mins
Registration & Morning Coffee
09:30 - 09:45 15 mins
Chair's Opening Remarks
09:45 - 10:35 50 mins
The Ever-Evolving Secondary Market: Opportunities for Buyers in a Crowded Market
  • European outlook for the secondaries market
  • Current deal flow evaluation
    • how much activity will we see in 2018/19?
    • deal sourcing in a crowded market
  • How is the average deal make up changing?
  • Challenges for buyers and sellers: Are their objectives aligned?
  • How does the increased in competition and dry powder affect the market?
  • Evaluating the risk in secondary deals
  • The future growth of the secondaries market
    • when will we reach market saturation?
  • Jasmine Hunet - Vice President, Evercore
  • Matt Jones - Partner, Pantheon
  • Chi Cheung - Partner, Glendower Capital
  • Richard Hope - Managing Director, Hamilton Lane
10:35 - 11:20 45 mins
Networking Coffee Break
11:20 - 12:10 50 mins
The Rise & Rise of GP-Led Deals
  • Understanding the investment approach to complex restructuring deals
  • Managing the multiple LP relationships
    • aligning diverse LP objectives
  • The rights of GPs in restructuring transactions
  • Understanding the benefits for both GPs and remaining LPs
  • Dealing with aging fund portfolios
    • pricing & valuation of tail-end assets
  • Using annex funds or structured vehicles
  • Katherine Ashton - Partner, Debevoise & Plimpton
  • Ricardo Lombardi - Managing Director, ICG
  • Michael Woolhouse - Managing Director, Head of Secondaries, CPPIB
  • Valerie Handal - Managing Director, HarbourVest
12:10 - 13:00 50 mins
New & Creative Deal Structures
  • Latest innovations in secondary deals
    • GP minority stake deals
    • preferred equity deals
    • structured secondaries
    • asset strips
  • Using fund finance to generate liquidity
  • Innovations in valuation and pricing
    • the role of technology and platforms
  • Yann Robard - Managing Partner, Whitehorse Liquidity Partners
  • Dror Glass - Managing Partner, Israel Secondary Fund
  • Sebastian Junoy - Partner, Headway Capital Partners
13:00 - 14:20 80 mins
Lunch
14:20 - 14:50 30 mins
Financing for Secondary Funds
  • Understanding the use of leverage in secondary transactions
    • overcoming pricing gaps
  • Identifying sources of debt
  • The risks of adding leverage to a deal
  • What assets suit the use of leverage best?
  • The role of seller financing
  • Matt Hansford - Head of UK Fund Finance, Investec
14:50 - 15:20 30 mins
Networking Coffee Break
15:20 - 16:10 50 mins
LP Portfolio Balancing, Optimisation & Management
  • LP perspectives: balancing secondary portfolio allocations
  • Using the secondaries market as a tool for portfolio optimisation
  • What are LPs’ motives for selling today?
  • Strategies to enhance liquidity
  • Identifying fund sellers and their motivation
    • effective asset management strategies
  • Increasing active portfolio management
  • Understanding what drives an LP to the secondary market
  • Sunaina Sinha - Managing Partner, Cebile Capital
  • Cari Lodge - Managing Director & Head Of Secondaries, Commonfund Capital
  • Sascha Klamp - Managing Director, Caplantic Alternative Assets
16:10 - 17:00 50 mins
The Evolution of Direct Secondaries
  • The role of secondaries direct in the market:
    • exiting legacy investments
    • achieving liquidity
    • portfolio rebalancing
  • Pricing of secondary direct transactions
  • Dynamics of secondary directs
  • Aligning the objectives of disparate parties
  • Successful execution strategies
  • Richard Tudor - Partner, Compass Partners
  • Edward Holdsworth - Principal, HarbourVest
  • Frida Einarson - Head of IR & Business Development, Verdane Capital
17:00 - 19:00 120 mins
End of Conference & Evening Drinks Reception