Agenda
Will Normand discusses the evolution of private markets, providing an overview of the
products and structures available to wealth managers and their clients, and offers insight into
how their approaches and offerings are being adapted in response to changing investor
preferences
As increasing numbers of managers launch forays into private assets for the first time, we look at the risks to be managed and challenges to consider when integrating with traditional discretionary portfolios.
- What are Private Markets and why should you invest?
- How are private market assets valued and appraised?
- Understanding the operational challenges to overcome when investing in illiquid assets
- What are the key questions wealth managers need to be asking fund providers?
Moderator: Katrina Lloyd, Editor-in-chief, Investment Week
Guido Lombardi, Head of Research, Investment Solutions, DWS
Jason Singer, Partner & Global Lead for Product Development & Innovation, Apollo Global
Management
Mike Elio, Partner, StepStone
Catherine Johnston, Senior Director, Product Development, Arcmont Asset Management
(an affiliate of Nuveen)
Then we move into boardrooms. More details on the synopsis for each session can be found at the bottom of this page.
Boardroom 1
Sourcing Income in Private Markets
Boardroom 2
Beyond Beta: How to Use Alternatives to Replace Public Equity
Sourcing income in private markets
Boardroom 3
The private credit opportunity, and the role of “semi-liquid” private markets funds in discretionary portfolios
Beyond Beta: How to Use Alternatives to Replace Public Equity
Boardroom 1
The private credit opportunity, and the role of “semi-liquid” private markets funds in discretionary portfolios
Beyond Beta: How to Use Alternatives to Replace Public Equity
Boardroom 2
The private credit opportunity, and the role of “semi-liquid” private markets funds in discretionary portfolios
Boardroom 3
Sourcing income in private markets
With increasing demand and a more readily available and more liquid supply, Private Markets are becoming a more viable asset class for High Net Worth (HNW) and affluent investors. We examine the challenges firms face in developing an offering and then targeting and distributing to clients in a cost-efficient way that keeps both the compliance teams and regulator happy.
- An overview of Private Markets trends within the wealth management market.
- Ensuring that private assets are appropriate for your client’s needs and challenges.
- What do the different models mean for wealth mangers and how should they position and distribute these offerings?
- Examining the internal difficulties to overcome around education and understanding of these products.
Adam Croutear, Associate Director, Asset and Wealth Management Consulting, Alpha FMC
Louis de Watteville, Manager, Private Markets Strategic Advice, Lionpoint Group
The private markets landscape in the UK is changing rapidly as new players enter the sector and product structures continue to evolve. This panel will explore the different fund structures available to UK wealth firms, their liquidity profiles and benefits for investors. We will discuss how platforms and distributors are facilitating access to private market funds and their impact on innovation and the growth of this market. Our panel will also share their perspectives on how wealth firms in the UK are approaching gaining access to private markets and responding to challenges.
Raphael Drescher, Quintet Group Head Alternatives & Direct Investments, Brown Shipley
Barry Fricke, Managing Director, Head of EMEA Alternatives Distribution for Wealth, Goldman Sachs Asset Management
James Lowe, Sales Director, Private Assets & Investment Trusts, Schroders
Boardroom 1
Is energy infrastructure the perfect asset class for investors?
Boardroom 2
Climate transition opportunities in real assets
Private Credit - the opportunity in European Direct Lending
Boardroom 3
TBC
Climate transition opportunities in real assets
Boardroom 1
Climate transition opportunities in real assets
Boardroom 2
Is energy infrastructure the perfect asset class for investors?
Boardroom 3
Private Credit - the opportunity in European Direct Lending
Is energy infrastructure the perfect asset class for investors?
Boardroom Session Details:
Apollo Global Management
Beyond Beta: How to Use Alternatives to Replace Public Equity
Jason Singer, Partner and Global Lead for Product Development
A purpose-built portfolio of alternatives can replicate the return profile of public equities while mitigating key vulnerabilities of the asset class—namely high volatility, elevated inflation sensitivity, and a shrinking investable universe. In this session, we explore what such an alts portfolio can look like and discuss practical considerations to replacing public equity with alternatives. Key discussion points:
- What happened to alpha in public equity markets?
- Can investors truly replace public equity with alts?
- From theory to practice: What to consider when deploying an equity-replacement portfolio?
Goldman Sachs Asset Management
The private credit opportunity, and the role of “semi-liquid” private markets funds in
discretionary portfolios
Barry Fricke, Head of EMEA Alternatives Distribution for Retail and Wealth ManagementMichael Magee, Managing Director in Private Credit
Wealth Managers can now access private markets through regulated, open ended and perpetually offered funds. Goldman Sachs has one of the world’s largest Alternatives platforms, and successfully launched an open-ended European Private Credit fund in 2023. Barry Fricke and Michael Magee discuss the role of open-ended private market solutions within discretionary and advisory portfolios, before switching to the GS European Private Credit Fund and the outlook for the asset class.
PIMCO
Sourcing income in private markets
Lalantika Medema, Alternative Credit Strategist
We believe that market volatility, high interest rates and bank retrenchment continue to create a fertile environment for flexible capital providers like PIMCO to step in. In such a fast-changing and target-rich environment, investors need to broaden their toolkit and consider both public and private markets for the best risk/return. We’re excited to tell you all about these opportunities we are seeing in areas like Specialty Finance, Residential Mortgage Credit, Commercial Real Estate and Corporate Lending, among others. Importantly, we’ll also discuss how you can generate significant (and much needed) income by broadening your scope to include public and private markets.
Schroders
Is Energy Transition Infrastructure the perfect asset class for investors?
Duncan Hale, Private Markets, Schroders GreencoatJack Wasserman, Private Markets, Schroders GreencoatJames Lowe, Private Markets, Schroders Greencoat
In this session, hosted by Schroders Greencoat, we will discuss the opportunity in energy transition infrastructure globally and how UK private client wealth managers can now access this theme through a growing range of structures. We will discuss the market dynamics, dive and risk returns available to investors as well as the opportunities on offer today to investors. We will introduce the Schroders Greencoat Energy Transition semi-liquid strategy which offers a single access point to a global portfolio of energy transition infrastructure diversified across geographies and technologies.
AVIVA Investors
Climate transition opportunities in real assets
Ria Shah, Investment Director, Infrastructure Equity
- Macroeconomic themes and megatrends observed in the real assets universe
- Where these have left valuations for different asset classes and the investment outlook for investors today
- The dynamics of investing on a cross asset class basis
- Investment opportunities in the climate transition space across infrastructure, real estate, nature-based solutions and private equity.
- An overview of the fund’s investment philosophy, decision-making process and key assets held in the portfolio.
Nuveen
Private Credit - The opportunity in European Direct Lending
Michael Massarano - Partner
Join us for an introduction to Arcmont, an affiliate of Nuveen, and leader in European Private Credit.
As one of the pioneers of the European Private Credit space, we’ll highlight the evolution of private credit, how it compares to public credit, the current compelling market opportunity and outlook. Gain insights into how Arcmont invests and learn how you can potentially access this asset class through different fund structures.