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08:15 - 09:00 45 mins
Main agenda
Registration and morning coffee
09:00 - 09:05 5 mins
Main agenda
Chairman's opening welcome
  • Nolan Olsen - Founding Member, Langschiff Capital Partners
09:05 - 09:25 20 mins
Main agenda
The changing dynamics of the regulatory & economic environment
  • Neal Wilson - Co-Founder & COO, EJF Capital

What is the appetite for private debt and managers’ ability to compete with banks?  How might the current landscape effect allocations and the growing interest in speciality finance opportunities?

09:25 - 09:55 30 mins
Main agenda
The macro/economic outlook – what is on the horizon?
  • Moderator Jeff Collins - Managing Partner, Cloverlay
  • Mark Affolter - Partner, Ares Capital
  • Panellists Hans-Jörg Baumann - Partner, Chairman, Private Debt, Stepstone
  • Theodore Koenig - President & CEO, Monroe Capital LLC
  • Neal Wilson - Co-Founder & COO, EJF Capital

With the political upheaval in UK, Europe and US, how might political changes impact private credit market or strategies? What additional macro headwinds are expecting in the coming years? How might de-regulation change banks’ appetite for credit, thereby impacting the credit funds’ performance?  How can the market address the pension crisis?

09:55 - 10:30 35 mins
Main agenda
Private credit product overview
  • Karim Ahamed - Investment Strategist, HPM Partners
  • Panellists Scott Essex - Co-Head, Private Debt, Partners Group
  • Moderator Brett Hickey - Founder & CEO, Star Mountain Capital
  • Stephen Johnson - Managing Director, Invesco WLR Credit Partners

A comparison of different debt strategies & products: Which are best placed to generate the most attractive returns in today’s marketplace and why? What is the new normal for returns and what might impact this in the medium term?

10:30 - 11:00 30 mins
Main agenda
Morning coffee and networking break
11:00 - 11:30 30 mins
Main agenda
The investors’ perspective – is private credit becoming mainstream?
  • Moderator Brett Hickey - Founder & CEO, Star Mountain Capital
  • Panellists Robin Jarratt - Head of Global Private Credit, GIC
  • Drew Schardt - Managing Director and Global Head of Private Credit, Hamilton Lane
  • Huy Cao - Director, Corporate Credit, CDPQ

What are investors looking for? How can private credit mitigate risk in the bigger portfolio? What’s the worse case scenario for private credit? What dynamic will slowly rising interest rates bring to investor decisions?

11:30 - 11:50 20 mins
Main agenda
Review of the year – fundraising & deals!
  • Ryan Flanders - Head of Private Debt Products, Preqin

What have been the most unique deals over the past 12 months? How much capital has been raised and who is active in the small, middle & large market? Given the way the market has progressed how can we do business better?

11:50 - 12:25 35 mins
Main agenda
Debate of the day!: Assessing the manager landscape – how are managers differentiating themselves?
  • Moderator Christopher Godfrey - Senior Partner, CEPRES
  • Panellists Tom Gillis - Partner, Riverside Credit Solutions
  • Gilles Marchesin - CEO, Chorus Capital
  • Sam Nasypbek - Senior Portfolio Manager, The World Bank, Pension & Endowment Department
  • David Trucano - Managing Director, Blackrock

What are the different strategies and risks? What is important for asset allocators in choosing a manager? What unique strategies do emerging managers bring to the market? Fees, terms and market standards

12:25 - 13:00 35 mins
Main agenda
Leverage in middle market – is it becoming excessive in the quest to support returns?
  • Moderator Mark Schachter - Managing Partner, Elm Park Capital Management
  • Panellists Joe Alala - Chairman and CEO, Capitala Group
  • Nicole Downer - Managing Partner, MV Credit
  • Kelli O'Connell - Managing Director, Head of Asset Management, NXT Capital
  • Keith Read - President, Cerberus Business Finance and Senior Managing Director, Cerberus Capital Management

What is the right level of debt for a fund’s? Looking at the various types of leverage structures, composition of return, financial engineering, liabilities, cost of leverage and balance sheet 

13:00 - 14:00 60 mins
Main agenda
Lunch and networking break
14:00 - 14:05 5 mins
Main agenda
Afternoon Chairman
  • Bill Cisneros - President, Primary Wave IP Investment Management
14:05 - 14:40 35 mins
Main agenda
Portfolio construction – is private credit a standalone asset class?
  • Moderator Tod Trabocco - Managing Director, Cambridge Associates
  • Panellists Patrick Adelsbach - Head of Credit Strategies, Aksia
  • Julie Austin - Director of Fixed Income, Trust Investments, The Boeing Company
  • Paul Watson - Senior Managing Director - Global Head of Fund Investments, Third Lake
  • Tingting Zhang - President & Portfolio Manager, TerraCotta Group

What is the appropriate way to construct a private debt portfolio and how do you benchmark private credit performances? What is the ‘right’ number of managers? What does a concentrated vs diversified portfolio look like? Where are you most protected vs most exposed? What are the return premiums and how do you structure a more liquid portfolio out of illiquid underlying assets?

14:40 - 15:15 35 mins
Main agenda
Direct lending – the cornerstone of private debt?
  • Moderator Michael Zimmerman - Senior Managing Director, MC Credit Partners
  • Peter Antoszyk - Partner, Private Credit Group, Proskauer
  • Paul Hatfield - President & Global Chief Investment Officer, Alcentra
  • Michael Mauer - Managing Partner and Co-CIO, CM Investment Partners
  • Mark Penna - Managing Partner, Emerald Creek Capital LLC

Too much money chasing too few deals? How are margins and deal terms being affected as LPs become more sophisticated? Will underwriting standards lower in the next 12 months? What is the likely default rate and are the economics sustainable? What is the right balance between seeking higher yield and controlling covenants?

15:15 - 15:50 35 mins
Main agenda
Speciality finance – how capital is flowing from core strategies to speciality finance
  • Moderator Heinz Blennemann - Principal, Blennemann Family Investments
  • Panellists David Aidi - Partner, Atalaya Capital Managment
  • Howard Levkowitz - Co-Founder & Managing Partner, Tennenbaum Capital Partners
  • Mark Perez - Partner, Virgo
  • Michael Morris - Director Private Credit, Northleaf Capital Partners

In which sub strategies are there opportunities and how do they fit in your portfolio? How tested is the strategy? How much is the supply of capital available in relation to demand? What are the portfolio management obligations and requirements vs traditional private credit? How might technology impact the space?

15:50 - 16:20 30 mins
Main agenda
Afternoon refreshments and networking break
16:20 - 17:35 75 mins
Main agenda
Afternoon roundtable sessions: choose from a selection of roundtables, each running twice for 30 minutes, 5 minutes to changeover. Attendance is first come first served.
  • Competition in the middle market Kevin Griffin - CEO & Chief Investment Officer, MGG Investment Group
  • Deal sourcing Theodore Koenig - President & CEO, Monroe Capital LLC
  • Co-Investments John Hartwell Cocke - Partner, Director of Special Investments, Corbin Capital Partners
  • Restructuring Mark Schachter - Managing Partner, Elm Park Capital Management
  • Speciality Finance Gregory Bowes - Co-Founder & Managing Principal, Albright Capital Management
  • Asset Backed Lending Jonathan Mandle - Co-Managing Partner, Corrum Capital
  • Sector specialist debt managers - energy Trent Kososki - Principal, Energy Capital Partners
  • Opportunistic Credit David Trucano - Managing Director, Blackrock
  • LPs & Private Credit Edward Talmor-Gera - Managing Partner, Fund Placement Israel
  • Direct Lending Prashant Mupparapu - Senior Managing Director, Structured Finance, Macquarie Bank
  1. Competition in the middle market: what does this mean for generating alpha and allocating strategies? What impact is being felt on leverage, pricing and deal flow?
  2. Deal sourcing: given the increasingly competitive market, are we seeing less deal sourcing? Are they sponsored or non-sponsored?
  3. LP’s and private credit: managing private credit as a strategic allocation
  4. Co-investments: what are the trends behind using co-investments to increase deal size? Structure, opportunities and risks
  5. Restructuring: what can a manager do to maximize recoveries when things don’t go to plan?
  6. Speciality finance: where are the opportunities and how do they fit into a portfolio?
  7. ABL – asset backed lending: strategies & risks
  8. Opportunistic credit investing within a global platform: differentiated sourcing generates unique opportunities
  9. Sector specialist debt managers: differentiated strategies in energy
  10. Direct Lending: too much money chasing too few deals?
17:30 - 18:30 60 mins
Main agenda
SuperReturn Private Credit 2017 Drinks Reception
18:30 - 18:30 0 mins
Main agenda
End of Main Conference Day 1