Alternative Investments, Virtual Events & Programming

3rd Annual Private Credit Outlook

November 19, 2020 | 1:00 PM - 5:00 PM

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Overview

Deleveraging and newly imposed regulatory restrictions have hindered traditional bank lenders activity, and in turn restricted the capital available to many segments of the US and global economies. This has created a tremendous opportunity for alternative lenders to step in to fill the void. Attracted by the enhanced yield profile available in the private credit market, alternative lenders, such as specialty lenders, hedge funds, BDCs and other private pools of capital have helped to re-introduce market liquidity. Of course, the potential for attractive risk adjusted returns have also driven up the demand for private debt exposure from institutional investors, who are unable to meet objectives in a market that is otherwise devoid of yield. Yet the market for private credit is somewhat opaque and highly fragmented. As result, it is difficult for many market participants to determine optimal entry points.

Agenda

1:00 PM | WELCOMING REMARKS

Stephan Connelly, CFA, Director, Star Mountain Capital

1:05 PM | LPs / ALLOCATORS PANEL

Moderator

Leanna Orr, Deputy Editor, Institutional Investor

Panelists

Trevor Castledine, ACA, Senior Director, Private Markets, bfinance

Jennifer Hartviksen, CFA, Managing Director, Global Credit, Investment Management Corporation of Ontario (IMCO)

Christopher M. Schelling, CAIA, Managing Director, Windmuehle Funds

Leslie Vargas, CFA, Vice President – Private Debt, Swiss Re

Robert Thompson, CFA, CAIA, Senior Portfolio Manager – Credit, UPS

1:45 PM | Q&A

2:00 PM | BREAK

2:15 PM | DIRECT LENDING PANEL

Moderator

Richard E. Farley, Partner and Chair, Leveraged Finance Group, Kramer Levin Naftalis & Frankel LLP

Panelists

Sean Connor, Managing Director, Owl Rock Capital

Stephen Edwards, Partner, ESO Capital

Stephen Paras, CFA, Managing Director and Investment Committee Member, Star Mountain Capital

Larry Zimmerman, Head of Origination Private Debt, Benefit Street Partners

3:00 PM | Q&A

3:15 PM | BREAK

3:30 PM | SPECIALITY LENDING PANEL 

Moderator

Sylvia Owens, Managing Director – Global Private Credit Strategist, Aksia LLC

Panelist

Richard Fitzgerald, Co-Founder and Managing Partner, CapitalSpring

Eva Shang, Co-Founder & CEO, Legalist

David Spreng, Chairman, CEO & CIO, Runway Growth Capital

Tod Trabocco, CFA, Director of Research and Strategy, ITE Management 

4:15 PM  | Q&A

4:30 PM | CLOSING REMARKS & ADJOURNMENT

Sameer Jagetia, CFA, Chief Executive Officer, CFA Society New York

4:35 PM | VIRTUAL COCKTAILS

Additional Details

Learning Outcomes

  • Understand the rise of private credit as an asset class.
  • Understand how asset owners use can use private credit within existing allocations or as a diversification tool for current portfolios as a new asset class.
  • Understand how managers are finding opportunities in a competitive market by use of size and scale as well as innovative and differentiated strategies.

Sponsorship Overview

For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

Please be advised of the following information related to Society sponsorship and support:

Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

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Refunds, Cancellations, and Substitutions

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