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Oct 15
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08:00 - 09:00 60 mins
Day 1
Coffee & Registration
09:00 - 09:05 5 mins
Day 1
Chair’s Welcome Address
09:05 - 09:30 25 mins
Day 1
Defining Private Credit / Speciality Finance / Income Strategies

The taxonomy of private credit – what does it all mean? With private credit becoming a mature asset class, what are the next steps for encouraging industry standards? Uderstanding the risks in private credit

09:30 - 10:00 30 mins
Day 1
LP Perspectives On Allocation To Private Credit
  • Moderator Rishi Chhabria - Principal, Campbell Lutyens
  • Bill Sacher - Partner & Head of Private Credit Investments, Adams Street Partners
  • Drew Schardt - Managing Director and Global Head of Private Credit, Hamilton Lane
  • Robert Thompson - Senior Portfolio Manager – Credit, UPS Group Trust

With returns compressing, deal structures being compromised, but leverage increasing and more competition for deals, what criteria are investors using to allocate into the space? What is the LP reaction to lenders who are issuing cov light & no cov loans Balancing the risk vs return perspective

10:00 - 10:30 30 mins
Day 1
The Macro/Economic Outlook – Where Are We In The Credit Cycle?
  • Scottie Bevill - Senior Investment Officer – Global Bonds and Real Return, Teachers' Retirement System of the State of Illinois
  • Peter Labbat - Head of Credit, EC Partners
  • Tingting Zhang - President & Portfolio Manager, TerraCotta Group

How does private credit fit in today’s competitive market? With strong economic health across the U.S. where is the industry searching for yield without sacrificing deal quality? What about rising interest rates? How is the industry looking at current and future allocations given private credit is untested in a stressed market?

10:30 - 11:00 30 mins
Day 1
2017/2018 Review Of The Year
  • Tom Carr - Head of Private Debt Products, Preqin

A deal analysis of the last 12 months. How much capital is flowing into the private credit space/ How much capital has been raised and who is active in the small, middle & large market? What is the health of underlying companies?

11:00 - 11:30 30 mins
Day 1
Morning coffee
11:30 - 12:00 30 mins
Day 1
Portfolio Construction: Growth vs Risk
  • Moderator Raelan Lambert - Managing Director, Pavilion Advisory Group
  • Michael Zimmerman - Senior Managing Director, MC Credit Partners

What strategies are managers and investors using to build their portfolio? Crafting covenants and structures; how do you benchmark performances? What is the ‘right’ number of managers? What other strategies are we seeing in the lower, upper and middle markets? Impact of invested capital vs committed

12:00 - 12:30 30 mins
Day 1
Assessing The Manager Landscape – Successful Strategies For Differentiation
  • Aoifinn Devitt - Chief Investment Officer, Chicago Policemen's Annuity and Benefit Fund
  • Jeffrey Griffiths - Principal, Campbell Lutyens
  • Jess Larsen - Partner, First Avenue Partners

What do LPs look for in choosing a manager and who are terms really getting worse for? What unique strategies do emerging managers bring to the market? Examining strategic partnerships and buy outs, sourcing, origination, investment and syndication processes to deliver a unique form of alpha

12:30 - 13:00 30 mins
Day 1
What’s Next For Direct Lending?
  • Moderator Tod Trabocco - Managing Director, Cambridge Associates
  • Peter Antoszyk - Partner, Private Credit Group, Proskauer

With the market over heating, where are managers finding deals to put capital to work? Can the opportunity set stand the number of new entrants given a lot haven’t seen a downturn in the credit markets? With market pressure and competition on senior debt continuing to squeeze coupons down how much increased risk are managers are taking on while simply trying to maintain returns?

13:00 - 14:00 60 mins
Day 1
14:00 - 14:30 30 mins
Day 1
Technology & Monitoring: Proactively Managing Your Credit Portfolio
  • James Cassady - Head of operations and compliance, Monroe Capital
  • Moderator Jeffrey Kramer - Principal, Mariana Systems

Understanding reporting requirements, data, processes, analysis and the risk matrix given the source of funds are changing

14:30 - 14:50 20 mins
Day 1
Is Mezz Challenged & Where Does It Fit?

How is it getting done, what is the risk/return profile or are we seeing mezz trending down the balance sheet?

14:50 - 15:10 20 mins
Day 1
Interview: Non Correlated Strategies – Leaving No Stone Unturned In A Search For Yield
  • Brandon Laughren - Chief Investment Officer, The Laughren Group
15:10 - 15:40 30 mins
Day 1
Panel: Non Correlated Strategies – Leaving No Stone Unturned In A Search For Yield- Panel
  • Moderator Heinz Blennemann - Principal, Blennemann Family Investments
  • Richard Fitzgerald - Co-Founder & Managing Partner, CapitalSpring
  • Joshua Niedner - Co-Head Credit Opportunities, Vista Equity Partners

Successfully sourcing non correlated opportunities to diversify your portfolio in a high rate environment – being ready for a downturn? Are investors committing or just browsing? Venture debt, royalties, life settlements and litigation finance – where are they on the risk/return

15:40 - 16:10 30 mins
Day 1
Leverage & Subscription Lines: Where Are The Breaking Points?
  • Moderator Christopher Godfrey - Senior Partner, CEPRES
  • Joe Alala - Chairman and CEO, Capitala Group

How are funds leveraging and managing their exposure and risk? How are subscription lines being used? What do you sacrifice and gain? Looking at leverage structures, liabilities, return composition, cost and balance sheet; Disclosing returns on both a levered and unlevered basis – does transparency solve perceived problems?

16:10 - 16:40 30 mins
Day 1
Afternoon Coffee
16:40 - 17:00 20 mins
Day 1
Investing In European Private Credit: Update From Across The Atlantic

Where is the opportunity set and deal flow? What are the characteristics of direct lending vs that in the U.S? Understanding regulatory regimes, insolvency processes, rights of borrowers and lending cultures in offer to assess of the viability of a jurisdiction

17:00 - 17:30 30 mins
Day 1
Global Private Debt Strategies - Going Beyond The Borders
  • Gregory Bowes - Co-Founder & Managing Principal, Albright Capital Management
  • Clark Coffee - Head of Real Estate, Tyndaris

How do you approach a global allocation? Balancing returns and currencies in emerging markets Asia, South America, Africa

17:30 - 18:00 30 mins
Day 1
SuperReturn Private Credit 2018 Drinks Reception With Champagne Roundtable Discussions
  1. Middle market direct lending: vs other private credit asset classes
  2. Mezz & senior loans vs unitranche: Will mezz lose deals to unitranche? Or do the benefits of adding on investment and using leverage outweigh
  3. Leverage: Love it or hate it? Getting to grips with pricing, terms and is the financing available?
  4. Creating a unique strategy: how to attract investors
  5. Understanding different cycles outside the U.S.: If the U.S. sneezes does Europe catch a cold?
  6. How are distressed and special sit funds filling a gap in portfolios?
  7. Investing in the secondary space: Why secondary, why senior security, why middle market? 
  8.  Private credit product 12 months on: What direct or adjacent strategies are managers looking at?
18:00 - 19:00 60 mins
Day 1
End Of SuperReturn Private Credit Day One & Drinks Reception