2020 AIF European Investors' Forum
October 20–21 | Live Online
For the first time, this forum will be held in live online format, which will allow investors from across Europe, the Middle East, and North America to connect, to participate in the critical discussions, and to share best ideas, practices, and information.
The 2020 AIF European Investors’ Forum is geared toward institutional investment professionals that are deploying their capital globally. The custom, two-day agenda will cover a cross section of cutting-edge topics through different discussion formats, including investment sessions that are held in roundtable format among subject matter expert investors, consultants, and managers. It will include an academic keynote by AIF Academic Advisory Board member and University of Oxford Said Business School Professor of Finance Tim Jenkinson featuring new data on post-Covid 19 valuations.
Agenda at a Glance
Day One: Tuesday, October 20
7:30–8:30 a.m. ET
12:30–1:30 p.m. BST
Welcome and Introductions
Academic Keynote: “Data Hot off the Press: What has been going on with Valuations Since Covid-19”
Presenter:
- Tim Jenkinson, Ph.D., Professor of Finance, Said Business School, University of Oxford
8:45–9:45 a.m. ET
1:45–2:45 p.m. BST
Presenter:
- Tim Jenkinson, Ph.D., Professor of Finance, Said Business School, University of Oxford
Traditional Private Credit Session
- Looking back – Any regrets on the loans made pre-crisis?
- In the eye of the storm –How did LPs and GPs seek to triage their portfolios as the pandemic worsened?
- Looking forward –What might the “new normal” look like with respect to loan terms, deployment, fundraising & future bouts of volatility?
Session Leader:
- Simon Garfield, Managing Director, Portfolio Advisory, Aksia
Session Participants
Dionysios Christopoulos, Director, Private Debt Investment Management, Zurich Insurance Company
- Menno van den Elsaker, European Head of Structured Credits , APG Asset Management
Kellie Hata, Partner-Head of Private Markets Europe, Albourne Partners Limited
Tomasz Kierzkowski, Principal and Alternative Investments Portfolio Manager, Mercer
Nadelina Lazarova, Investment Manager, HQ Trust
- Menno van den Elsaker, European Head of Structured Credits, APG Asset Management
- Amit Bafna, Managing Director, Antares Capital
- Robin Doumar, Founder and Managing Partner, Park Square Capital LLP
- James Kirby, Founder and President, Deerpath Capital Management
- Shane Lanigan, Portfolio Manager, Beach Point Capital Management
- Steve Ruby, Managing Director, Audax Private Debt
10:00–11:00 a.m. ET
3:00–4:00 p.m. BST
Alternative Private Credit Session
- What are the trends in NPL flows?
- Growth-oriented businesses from defensive to offensive capital
- Covid and pandemic related industries: How are they performing? Better or worse? What’s the timeline for recovery and expectations?
- Snapback in a lot of the credit markets- how the yields and spreads have not performed exactly as expected for a distressed environment
- Red cap strategies – how are the banks performing? What’s the expected deal flow? What kind of government support is there?
- Liquidity provision: What’s happening at the GP and LP level
- Banks in Europe vs. US
- Where are investors putting their money? Where are they looking and interested in?
Session Leader
- Tom Bernhardt, Senior Vice President, Aksia
Session Participants
- Kellie Hata, Partner-Head of Private Markets Europe, Albourne Partners Limited
- Tomasz Kierzkowski, Principal and Alternative Investments Portfolio Manager, Mercer
- Nicole Drapkin, Portfolio Manager, Opportunistic Credit Fund and Managing Director, Owl Rock Capital Partners
- David Teitelbaum, Head of European Advisory Offices and Senior Managing Director, Cerberus European Capital Advisors, LLP
- David Fitoussi, Managing Director, Christofferson Robb & Company (UK)
- Grishma Parekh, Managing Director, HPS Investment Partners
- Stephen Quinn, Managing Director, 17Capital
11:15 a.m.–12:15 p.m. ET
4:15–5:15 p.m. BST
Diversifying and Opportunistic Strategies Session
- What are the most compelling opportunities to diversify an investor’s portfolio and meet objectives?
- What strategies are investors looking at or want to look at? Where should you look to obtain alpha?
- Deleveraging story in European Banks: How does COVID change this trajectory which was measured and steady through 2019
- Does it make sense to have a systematic approach where history cannot be a guide?
- Governance: How has the pandemic changed investors’ investment process?
- Distressed vs. lending in the current environment?
Session Leaders
- Roy Kuo, Team Head—Alternative Strategies, Investment Division, Church Commissioners for England
- David Tatkow, Portfolio Advisory Partner, Albourne Partners
Session Participants
- Patrick Bronger, Expert Portfolio Manager, Hedge Funds & Alternative Alpha, APG Asset Management
- Ian McKnight, CIO, Royal Mail Pension Plan
- Dean Atkins, Managing Director, 400 Capital Management
- Arnaud de Bevy, Portfolio Manager, Systematic Arbitrage Strategy, Axonic Capital
- Leander Christofides, Co-CIO, Global Special Situations Team, JP Morgan Asset Management
- TBC, Barings
Day Two: Wednesday, October 21
7:30–8:30 a.m. ET
12:30–1:30 p.m. BST
Welcome and Introductions
Global Views, Academic and Investor Discussion Global Investor Discussion: Managing Portfolios today and Transitioning to the New Normal
Join us for a discussion on insights and lessons learned from the pandemic in building a better portfolio:
- Liquidity management
- Diversification
- Risk mitigation
- Rebalancing
- Sustainability and integrating ESG factors
- Internal and external communication
Session Leaders:
- Gaurav Amin, Ph.D., Head of Risk, Albourne Partners Limited
- Tim Jenkinson, Ph.D., Professor of Finance, Said Business School, University of Oxford
Session Participant
- Elena Manola-Bonthond, CIO, CERN Pension Fund
- Anyori (AJ) Hernandez, Director of Emerging Managers, New York State Common Retirement Fund
- Eric Nierenberg, Chief Strategy Officer, MassPRIM
- Daniel Adamson, Senior Managing Director, Wafra (a wholly owned subsidiary of the Public Institution for Social Security of Kuwait); President, Capital Constellation
8:45–9:30 a.m. ET
1:45–2:30 p.m. BST
Private Equity Session
- A look at the PE portfolio health: values and implications
- Are investors marching forward with their pre-pandemic plans or pivoting and changing plans for their portfolio?
- Where are investors deploying capital?
- The impact of Covid on the due diligence process for both LPs and GPs
- Observations on current trends and opportunities: public vs. private, pacing, price accelerations
- Diversity and inclusion in private equity
Session Leaders
- Todd Cohen, Director – Investment Office, NewYork-Presbyterian
- Michael Elio, Partner, StepStone
Session Participants
- Martin Fehr, Head Private Equity, Managing Director, Group Asset Management, Swiss Re Management Ltd
Mercedes Fernandez Elias, Executive Director, Alternative Investment Partners (AIP) Private Markets, Morgan Stanley
- Tim Franks, Partner, Private Equity, KKR
Sandeep Guleria, Principal, Siris Capital
- Mayur Shah, Executive Director, GCM Grosvenor
9:45–10:45 a.m. ET
2:45–3:45 p.m. BST
Real Estate Session
- COVID Impact?
- Impact on investment portfolios—was your portfolio prepared?
- How as liquidity/illiquidity affected on-going real estate operations?
- Notable impact on industry participants (banks, institutional investors, public real estate companies, other)?
- Have property prices adjusted, or are heads buried in the sand?
- Impact on running a real estate business
- Remote operations
- Due diligence in a lockdown
- Zoom fatigue
- What countries/metros are best weathering the COVID disruption?
- What locations are seeing the most active transaction volume?
- Population migrations/trends?
- What real estate sectors are most distressed?
- Space utilization in a time of social distancing?
- Changes to real estate formats
- Effect on housing/residential patterns?
New investment?- Did you/partners/managers capitalize on anything to date?
- Leverage opportunities with rates so low?
Where do you want to position your real estate to take advantage?- What are the Winners and Losers
- As an industry, what do we do with all the vacant retail?
ESG considerations and implementation
Session Leaders:
- Mark Wojcichowsky, Managing Director, Alberta Teachers’ Retirement Fund Board
- Rob Kochis, Partner, The Townsend Group, an Aon Company
Session Participants
- Kieran Farrelly, Partner, StepStone Real Estate
- Boyd Fellows, Managing Partner, ACORE Capital
- Wilson Lamont, Partner and Co-Head of European Real Estate Equity, Ares Real Estate Group
- Philip Thomas, Managing Director, Marathon Asset Management
- Michael Comparato, Head of Commercial Real Estate Debt, Benefit Street Partners
- Sebastiano Ferrante, Head of Germany and Italy, PGIM Real Estate
11:00 a.m.–12:00 p.m. ET
4:00–5:00 p.m. BST
Infrastructure Session
- LP investor appetite for infra this year, due diligence in lockdown and capital activity
- COVID-19 and its impact on portfolio investments, sectors most exposed and due diligence/asset management
- Valuations in the current environment and outlook
- Where are investors seeing the pockets of value in the current environment? Are there sectors that have been particularly hit that offer good entry points?
- Definition of infrastructure, the emergence of “new infrastructure”
- ESG: what trends are emerging
Session Leaders:
- Chris Manser, Head of Infrastructure Investments, Swiss Life Asset Management
- Christopher Slavin, Partner, Albourne Partners Limited
Session Participants:
Nic DiLoretta, Managing Director, Deputy Head of Private Equity & Real Assets Research, Aksia
- Deepa Bharadwaj, Executive Director, IFM Investors
- Philippe Camu, Global Co-Head and Co-CIO of the Infrastructure Investment Group, Goldman Sachs
Dylan Foo, Senior Partner and Co-Head of Infrastructure, Apollo Global Management
Tim Short, Managing Director, Capital Dynamics
Andreas Köttering, EMEA Head of Infrastructure, CBRE Caledon
- Tod Trabocco, Strategy & Research, ITE Management
2020 AIF European Investors' Forum Confirmed Participants List
Aalto University Endowment
- Lauri Ehanti, Senior Portfolio Manager, Deputy Head of Investments
Abu Dhabi Investment Authority
- Asher Chohan, Investment Manager
- Lane Mohr, Fund Manager
Aksia
- Valérie Bénard, Partner and Head of Aksia Europe
- Federica Cazzaniga, Portfolio Advisor
- Christina Giannakaki, Portfolio Advisor
- Simon Garfield, Managing Director, Portfolio Advisory
- Nic DiLoretta, Managing Director, Deputy Head of Private Equity & Real Assets Research
- Tom Bernhardt, Senior Vice President
- Susanna Morton, Advisory Associate
Alberta Teachers’ Retirement Fund Board
- Mark Wojcichowsky, Managing Director Real Estate
Albourne Partners Limited
- Gaurav Amin, Head of Risk
- Kellie Hata, Partner-Head of Private Markets Europe
- Christopher Slavin, Partner, Albourne Canada
Alma Limited
- Hamdi Alzaim, Managing Director
American Beacon Advisors
- Mark Michel, Senior Analyst
ANZ
- Jason Huang, Portfolio Manager
AP1
- Helen Idenstedt, Head of External Partnerships and Innovation
APG Asset Management
- Menno van den Elsaker, European Head of Structured Credits
- Jarvis Zhang, Investment Risk Manager
- Kristie de Groot, Senior Investment Risk Manager
- Haxia Zhu, Senior Operational Risk Manager – Investment Risk
- Vikalp Bajpai, Investment Risk Manager
- Patrick Bronger, Expert Portfolio Hedge Funds & Alternative Alpha
- Pruthvi Bhat, Investment Risk Manager
BASF
- Steven Jacobi, Specialist Asset Management
Border to Coast Pensions Partnership
- Nick Livingstone, Portfolio Manager (Alternatives)
Callan LLC
- Sara Hakim, Senior Vice President
Cambridge Associates
- Meisan Lim, Head of Diversifiers Research
Catalina Re
- Adi Divgi, Head-Alternatives
CERN Pension Fund
- Elena Manola-Bonthond, CIO
City of London, Borough of Hounslow
- John Todd, Councillor, Pension Trustee
Elo Mutual Pension
- Annika Luoto, Portfolio Manager
Gulf Investment Corporation
- Talal Altawari, Head of Global Markets Group
Kauffman Foundation
- Diane Mulcahy, Senior PE Advisor
Kanoo Capital (Yusuf Bin Ahmed Kanoo Group)
- James Burke, Senior Investment Officer
Korean Public Officials Benefit Association (POBA)
- Dong Hun Jang, CIO
HQ Trust
- Nedelina Lazarova, Investment Manager
Lloyds Banking Group-Pension Investment and Funding Team
- Ivana Xie, Senior Investment Analyst, FRM
Max Planck Foundation
- Franz Gaul, CIO
M&G
- Gordon Clark, Head of Diversifying Strategies
- Amy Coleman, Investment Analyst
- Simon Robinson, Head of Portfolio Management
Mercer
- David Scopelliti, Global Head of Private Credit
- Tomasz Kierzkowski, Alternatives Portfolio Manager
Mount Capital
- Yodia Lo, Investments
New Holland Capital
- Scott Radke, Chief Executive Officer
- Sapna Vir, Director of External Relationships
New York State Common Retirement Fund
- Anyori (AJ) Hernandez, Director of Emerging Managers
New York-Presbyterian Hospital
- Todd Cohen, Director—Investment Office
OP Asset Management
- Petri Venalaimen, Portfolio Manager
Osool (Bahraini Pension)
- Xavier Verdeyen, Chief Risk Officer
Pension Insurance Corporation
- Richard Walters, Portfolio Manager
Perpetual Investors
- Christian Wiehenkamp, CIO
Quatar Insurance Company
- Francesco Cottini, Assistant Portfolio Manager
Raidah Investment Company (RIC) (Saudi Pension)
- Hessa Alsheikh, Director of International Fixed Income
Roots Investments
- Volkert de Klerk, CIO
Royal Mail
- Ian McKnight, CIO
Sackville Capital
- Vasileios Kocheilas, Head of Investments
StepStone Global
- Michael Elio, Partner
- Natalia Fontecha, Managing Director
- Kieran Farrelly, Partner
- Anja Ritchie, Vice President, StepStone Europe
- Omolara Oyedeji, Analyst
- Lucy Goodrich, Associate
Swiss Life Asset Management
- Chris Manser, Head of Infrastructure Investments
Swiss Reinsurance Company
- Martin Fehr, Head Private Equity, Managing Director, Group Asset Management
Tesco Pension Investment
- David Linehan, Private Markets Fund Manager
TIFF Investment Management
- John Sinclair, Managing Director
Triglav Insurance
- Neda Podergajs, Portfolio Manager
Townsend Group, an Aon Company
- Rob Kochis, Partner
Utah Retirement System
- Tyler Bracken, Investment Analyst
Weybourne (Family Office)
- Jane Simpson, Senior Investment Principal
YMCA Retirement Fund
- Hunter Reisner, CIO
Zurich Insurance
- Dionysios Christopoulos, Director
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AIF Global is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
