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07:45 08:45 (60 mins)

Day 2 Main Agenda

SuperReturn Private Credit 2017 LP-only breakfast

08:30 09:00 (30 mins)

Day 2 Main Agenda

Registration and morning coffee

09:00 09:10 (10 mins)

Day 2 Main Agenda

Chairman's opening welcome

09:10 09:45 (35 mins)

Day 2 Main Agenda

Investing in private credit vehicles: Funds, BDCs, SMAs, FOF1s, CLOs

  • What is the best vehicle to invest in private credit? Exploring the pros and cons of different structures, leverage profiles and lock ups
  • Panellists Denise Crowley - Head of Structured Credit, ZAIS Group
  • Brent Humphries - President, AB Private Credit Investors
  • Ian Larkin - Co-Founder and Managing Director, Maranon Capital

10:10 10:40 (30 mins)

Day 2 Main Agenda

Managing Defaults!

How do you position your portfolio for the downturn? When the correction in the market comes, what would you do up front, in the middle and at the end of the cycle?

  • Raj Makam - Managing Director and Co-Portfolio Manager, Middle-Market Finance Group, Oaktree

10:40 11:10 (30 mins)

Day 2 Main Agenda

Morning coffee and networking break

11:10 11:50 (40 mins)

Day 2 Main Agenda

Niche strategies – juicy returns but limited capacity?

With equities and fixed income over valued, how do you source/find non correlated opportunities to invest in? assessing the assets and what are the returns you are underwriting?

  • Moderator Rishi Ganti - Founder, Orthogon Partners
  • Panellists Joshua Niedner - Co-Head Credit Opportunities, Vista Equity Partners
  • Dave Phillipp - Managing Director, Crestline Investors
  • Eric Smith - Managing Director and Founding Partner, Locust Point Capital
  • Patrick Stutz - Chief Investment Officer, Bayshore Capital Advisors

11:40 12:00 (20 mins)

Day 2 Main Agenda

European private credit – insight from across the Atlantic

What is the deal flow and opportunity set? Exploring the availability of deals, equity capital and confidence in taking security; How is the regulatory & political environment shaping the private credit market?

  • Matthew Gordon Clarke - Partner, LGT European Capital

12:05 12:25 (20 mins)

Day 2 Main Agenda

Investing in Europe – The nitty gritty!

Understanding different jurisdictions and national regimes for non bank lending regulation; Where are we with improving the securitization and cross border markets? What is the ELTIF and how could I use it?

  • Jennifer Wood - Managing Director, Global Head of Asset Management Regulation & Sound Practices, AIMA

12:25 13:00 (35 mins)

Day 2 Main Agenda

Global private debt strategies - going beyond the borders

  • How do you approach a global allocation?
  • Pan EU strategies vs market by market? The credit market and trends; is the market too top heavy?
  • Asia: What are the risk/return profiles, legal structures and frameworks?
  • Latin America vs Africa: What yields are available? Where will additional capital come from?
  • Panellists Nimit Shah - Partner, Helios Investment Partners LLP
  • Thomas Solset - Portfolio Manager, Triton Partners
  • Neeraj Seth - Head of Asian Credit, Blackrock
  • Michael Wang - Managing Partner & President, Abax Global Capital (Hong Kong)

13:00 14:00 (60 mins)

Day 2 Main Agenda

Lunch and networking break

14:00 14:30 (30 mins)

Day 2 Main Agenda

Mezz vs senior vs unitranche – pros & cons of places to be in the cap structure

Will pricing be favourable and how does it play with unitranche? How do the small/middle market players survive? Structuring deals to minimize risk

  • Moderator Ian Larkin - Co-Founder and Managing Director, Maranon Capital
  • Panellists Jeri Harman - Managing Partner & CEO, Avante Mezzanine Partners
  • Kevin Magid - Managing Director and Head of Private Debt, Audax Group
  • Joe McCurdy - Senior Managing Director and Head of Origination, Guggenheim Partners

14:30 15:00 (30 mins)

Day 2 Main Agenda

Distressed credit assets – is the cycle right?

With a lot of distressed funds being raised, many of them are sitting idle. How attractive are non performing loans in the current economy and is deal flow sustainable? Where do you go for opportunities? Is there a first mover advantage?

  • Moderator Kelly DePonte - Managing Director , Probitas Partners
  • Panellists Gregory Bowes - Co-Founder & Managing Principal, Albright Capital Management
  • Ted Goldthorpe - Managing Partner, BC Partners Credit
  • Cyril Tergiman - Partner, EQT Partners
  • Charles Rusbasan - CEO, Balbec

15:00 15:30 (30 mins)

Day 2 Main Agenda

Real estate debt – the best collateral in town?

Are we at the end of a real estate cycle? How do you manage assets when the market crashes and where do you take risk? Exploring Levered vs. non-levered, commercial vs. non-commercial, domestic vs. foreign. How can investors compare the risk reward vs. corporate mid market lending?

  • Panellists Lisa Anderson - Senior Vice President, Brookfield
  • John Tsui - Managing Principal, Peninsula House
  • Shawn Quinn - Vice President, Wilshire Private Markets
  • Mikko Syrjänen - Co-Head Real Assets, Man Group - Global Private Markets

15:30 16:00 (30 mins)

Day 2 Main Agenda

Afternoon refreshments and networking break

15:30 15:30 (0 mins)

Day 2 Main Agenda

End Of SuperReturn Private Credit 2017 – SuperReturn delegates depart. LPs stay for LP only boardroom

15:45 15:50 (5 mins)

LP-Only Boardroom

Welcome and boardroom format outline

Each presentation will have a 5 minute topic introduction from an industry expert, followed by 20 minute LP only roundtable discussion followed by a 5 minute feedback to the room

15:50 16:20 (30 mins)

LP-Only Boardroom

Private credit as a strategic allocation

Managing your private credit allocation - what types of investment and plays are LPs looking at? Future trends and how to allocate your portfolio geographically; Do we really need funds at all?

16:20 16:50 (30 mins)

LP-Only Boardroom

Manager due diligence

What distinguishes different managers and what is an effective criteria for selecting?What unique strategies do emerging managers bring to the market?

  • Julie Austin - Director of Fixed Income, Trust Investments, The Boeing Company

16:50 17:20 (30 mins)

LP-Only Boardroom

Private credit pick & mix

What sub assets in private credit are here to stay? Highlighting potential trends and pitfalls

  • Heinz Blennemann - Principal, Blennemann Family Investments

17:50 18:20 (30 mins)

LP-Only Boardroom

LPs on niche strategies

With the plan vanilla private credit market getting too crowded, where are allocators finding opportunities?

18:20 18:20 (0 mins)

LP-Only Boardroom

End of SuperReturn Private Credit LP-Only Boardroom