2nd Annual LPGP Connect Private Debt Berlin Agenda
9:00am – 9:10am Opening keynote – Ryan Flanders – Head of Private Debt – Preqin
9:15am – 9:55am Private Debt asset class outlook
What are the latest developments and what can LPs expect?
North America vs Europe, how do managers expect dealflow to develop over the next 12-18 months?
Solvency II update, what are the likely effects on allocators?
What will be the impact of burgeoning new managers on the market?
As Brexit continues to unfold what are the potential risks?
9:55am – 10:35am Private debt deals: sourcing, structuring and deploying capital
How do managers source deals, questions investors should ask of their GPs?
How can you structure funds to achieve enticing risk to reward ratios?
With current data available, how do managers make decisions for long term allocation?
Market consolidation and its possible effects on future products
10:35am – 10:55am Presentation
10:55am – 11:30am Networking break
11:30am – 12:10pm Distressed/Special Sits: has the time finally come?
Volumes raised vs dry powder: capital deployment against opportunities
Dealflow: approaching the end of the economic cycle? opportunities related to Brexit?
US vs Europe: where are the differences?
NPLs: where is the opportunity?
12:10pm – 12:50pm Assessing a manager
What constitutes a typical managers due diligence and does it change according to each private debt strategy?
What is considered a solid track record?
New managers: how to best assess them?
Trust factor: how important is it?
Managing the asset duplication risk through portfolios
12:50pm – 2:20pm Networking lunch
2:20pm – 3:00pm Views from the LPs
Allocation trends (% of overall portfolio, adding/maintaining in the future, out of which allocation bucket….)
Risk/reward (what kind of risk and for whom)
Preferences: fund / fund of funds / direct
Fees and alignment of interest, how are LPs finding the best opportunities?
3:00pm – 3:40pm Private Debt fund structural evolution/innovations
Liquidity enhancing features (flexibility, maturity, redemptions)
Subscription facilities: advantages and risks
Hurdle/catch-ups: how have they evolved? should they be removed on lower return strategies?
Leverage: more widespread but increased scrutiny?
3:40pm – 3:55pm Presentation
3:55pm – 4:35pm Networking break
4:35pm – 5:05pm Direct lending to the Mittelstand in Germany
What type of opportunities exist? How vast is the market opportunity?
What are the impacts of the recent regulatory changes?
What relationships between funds and banks? Feuds or friends?
Are refinancings/recaps heating up the market?
5:05pm – 5:40pm Private debt, global horizons
What are the challenges facing managers when educating the market on developing regions?
US, what are the opportunities at the lower end of the market spectrum?
Asia, Latam and Africa, how big is the opportunity?
Eastern Europe, what appetite do managers see from LPs?
5:40pm – 7:00pm Drinks Reception & Buffet