2021 Permanent & Private Capital Summit
On Wednesday, June 2, and Thursday, June 3, Dechert, alongside co-sponsors ING and KBW/Stifel, hosted the virtual 2021 Permanent & Private Capital Summit. The two-day conference covered the latest trends and developments impacting the private credit industry. The panels featured a broad range of thought leaders from leading institutions.
View the Individual Panel Recordings
The Evolution of Private Credit: Strategies Driving Growth and Scale
The long-term growth of private credit has been extraordinary. In 2000, the market scarcely existed, worth at the time little more than US$40 billion. Today, it is expected to surpass more than US$1 trillion. A seasoned group of panelists will examine some of the key factors driving the expansion of this market. They will also explore strategies that top industry players are implementing to create a competitive edge and capitalize on market opportunities.
Venturing Through Alternative Asset Finance
As private credit has grown and changed significantly in the past decade, the world of asset management finance has evolved along with it. In this panel, speakers will dissect the range of available structures, lessons learned from the past and where this area of finance is heading.
Pulse of the Market: An Overview of Today’s Permanent and Private Capital Industry
Our speakers will bring a platform perspective to their discussion of the permanent and private capital markets, highlighting new product developments, the impact of new entrants into the market and of economic and regulatory factors.
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.
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.
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.
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).
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.
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.
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.