2021 Permanent and Private Capital Summit

Opening Remarks »
Jim Lebovitz, Dechert LLP and Jay Alicandri, Dechert LLP

CLOs and Their Role Within a Private Credit Platform »
The rise of CLOs as a primary lender to the leveraged loan market has largely mirrored the broader rise of private credit generally, particularly in the last decade. Although certain market observers over the years have invariably warned of the perceived perils of CLOs, they have proven to be a resilient product through various economic cycles (including, notably, the 2020 recession caused by the COVID-19 pandemic). CLO management has become an important facet of multi-strategy focused credit platforms. This discussion will focus on the benefits of CLO management within a broader credit platform and what the future might hold for what is one of the hottest investment products of 2021.

Moderator: Chris Duerden, Dechert LLP
Christopher Condelles, FS Investments
Lauren Basmadjian, The Carlyle Group
Adrienne Butler, Barings

Less Traditional Assets: Creative Solutions and Strategies in Portfolio Construction »
Panelists will explore less traditional assets and business lines relied on by credit managers in portfolio construction from both the portfolio management and investor perspectives. They will discuss how managers employ these strategies, how they complement existing portfolios and how they are viewed by the market.

Moderator: Bill Bielefeld, Dechert LLP
Mike Guarnieri, Evolution Credit Partners
Dwayne Hyzak, Main Street Capital
Stephen Nesbitt, Cliffwater

Break

DE&I and ESG: As the World Turns »
Diversity, Equity & Inclusion (DE&I) and Environmental, Social and Corporate Governance (ESG) have increasingly become critical components in the world of asset managers. This panel will consider best practices and policies from a transatlantic perspective against the backdrop of evolving regulatory and enforcement concerns.

Moderator: Vincent Cohen, Dechert LLP
Jennifer Ishiguro, StepStone Group
Greg Nixon, Cerberus Capital Management
Ana Carolina Oliveira, ING
Mikhaelle Schiappacasse, Dechert LLP

Putting the “Fun” in Fund Formation »
This panel will examine the great relational balancing act underpinning fund formation, ranging from managing competing investor demands to the art of saying no (even to your biggest investor) to techniques for winning over the toughest negotiators (both external and internal).

Moderator: Tricia Lee, Dechert LLP
Dean Collins, Dechert LLP
Anne Cook, Principal Financial Group
Afsar Farman-Farmaian, Varagon Capital Partners

Break

Compliance and Enforcement Considerations for Private Fund Advisers »
With a new administration comes a new SEC enforcement agenda. This panel will discuss the likely impact of the new SEC chair on that agenda, frequent compliance issues surfaced by SEC staff in the private fund area, the work of the SEC’s Climate and ESG Task Force and expected enhanced scrutiny of SPAC transactions.

Moderator: Cathy Botticelli, Dechert LLP
Bruce Karpati, KKR
Guy F. Talarico, Alaric Compliance Services
Scott Weisman, Bain Capital

View from the PE Firms: The Current Market for Financing Private Equity Transactions »
Speakers will review the state of the private equity markets today as countries begin to emerge from COVID-19 lockdowns, with a specific emphasis on what deals look like today, how sponsors are looking at financing their deals and the role of private credit in shaping private equity today and in the upcoming year.

Moderator: Chris Field, Dechert LLP
Chris Bloise, Court Square Capital Partners
Scott Bronner, Stone Point Capital
Milwood Hobbs, Oaktree Capital Management

Break

Insights into the World of Global Restructuring »
In this panel, you will hear about the state of the restructuring market and latest developments as industry leaders consider the new landscape for distressed investing. Panelists will also explore how to create a competitive edge in an otherwise crowded market and views on which sectors might be hit the hardest.

Moderator: Adam Plainer, Dechert LLP
Alon Avner, Bain Capital
Allan Brilliant, Dechert LLP
Jim Doak, Miller Buckfire & Co.
Erik Miller, Canyon Partners

Closing Remarks »
Tom Friedmann, Dechert LLP