Alternative Investments

First Annual Secondaries Outlook

September 12, 2019 | 4:30 PM - 8:00 PM

Share Event

Overview

The secondary market began in the 1980s as a method to provide liquidity to investors in illiquid private equity, and other pools of alternative assets. Secondary funds build exposure to illiquid portfolios by acquiring existing positions in single funds or a portfolio of funds from limited partners (“LPs”) seeking early liquidity often at a discount to recent valuations. Investors use these funds to rapidly build up exposure to diversified, seasoned positions in private equity and other alternatives with, potentially, shorter duration and lower correlation to investors’ existing portfolios.

Secondary funds cover traditional private equity, venture capital and hedge fund structures and more esoteric illiquid investments such as private debt, music royalties, and direct / co-investments. They may also cover innovative and complex strategies including GP-led transactions, preferred instruments and fund restructurings.

Agenda

4:30 PM | REGISTRATION & CHECK IN

5:00 PM | OPENING REMARKS

Stephan Connelly, CFA, Director, Star Mountain

5:05 PM | GP PANEL DISCUSSION

Moderator

Leor Landa, Partner, Davis Polk’s Investment Management/Private Funds Group

Panelists

Eric Foran, CFA, Partner, Coller Capital

Barry Griffiths, Ph.D., CFA, Partner & Head of Quantitative Research, Landmark Partners

Brett Hickey, Founder & CEO, Star Mountain Capital

Cari Lodge, Managing Director, Commonfund Capital

Victor Wu, Partner, Lexington Partners

5:50 PM | Q&A

6:00 PM | LP PANEL DISCUSSION

Introduced by: Anna Sembos,PhD, CFA, Senior Consultant at CIFC Asset Management

Moderator

Michael Catts, Managing Director, Evercore

Panelists

Sander Doucette, CFA, Director of Investments, Hamilton College

Jeremy Klepner, Vice President, Jasper Ridge Partners

Michael Nelson, CFA, CIO, Eagle Bay

6:45 PM | Q&A

6:55 PM | CLOSING REMARKS

Todd Eklund, CFA, CAIA, Co-Chair, Alternative Investments Group

7:00 PM | NETWORKING & CATERED RECEPTION

Additional Details

Learning Outcomes

  • Understand the rise of interest in secondaries.
  • Understand how asset owners use secondaries to rebalance and optimize returns.
  • Understand how secondary managers are finding opportunities in a maturing market by use of size and scale as well as innovative and differentiated strategies.
  • Learn about new innovations in the secondary market which have the potential to disrupt and shift the market over the next few years.

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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Inclement weather

CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

All requests for cancellation or refunds must be sent to seminars@cfany.org.

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CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFA Society New York has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you.

None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund.