Event overview
The Alternative Credit Council (ACC) held its Global Virtual Summit 2021 on 20 & 21 April. The performance of private credit during the past twelve months has offered a robust response to those who questioned how it would weather a downturn. The Summit explored the key challenges and opportunities for private credit and whether its resilience will withstand these tests throughout 2021. We has convened LPs, GPs and industry specialists representing the full breadth of the asset class to discuss the key questions that will determine the success of the asset class through the current crisis.
The audience included private credit managers, investors, service providers and regulators.
The ACC Global Virtual Summit 2021 took place over two days at times that enabled the participation of a global audience and faciliated on-demand viewing.
If you missed it, click here to watch the playbacks of all the sessions.
Agenda & Speakers
Dates: Tuesday 20 April - Wednesday 21 April
Time: 1:00pm - 5:30pm BST* / 8:00am - 12:30pm EDT. On-demand viewing will be available for registrants who cannot join live.
The agenda is subject to change. Times are listed in BST.
Day 1: 20 April
1.10pm I Panel 1 - A fund for all seasons? Structuring a credit fund for a changing market
The blurring of par lending, stressed, special situations, bridge financing and distressed debt opportunities means there is greater demand for a flexible approach to investing. How can private credit managers and investors build fund structures that maximise flexibility, while guarding against scope creep and inefficiency?
2.50pm I Panel 2 - ESG for private markets: Tackling operational challenges
This session will explore how market participants are tackling operational challenges associated with ESG integration such as accommodating divergent disclosure and reporting processes; assessing ESG service providers and communicating with their investors.
3.40pm I Fireside Chat - Redefining Impact - Making a tangible difference
Lindsey McMurray, Founder and Managing Partner at Pollen Street Capital, shares her thoughts on how to meaningfully embed and identify unique opportunities to drive impact in the private credit investment process
4.20pm I Fireside Chat - Diversity in the private credit industry: An upward trend?
Does private credit often lag its peers in the asset management sector? This session will consider the steps the private credit industry has taken with respect to diversity and inclusion and where best practices are starting to emerge.
4.40pm I Panel 3 - Investor views: Private credit as a recession-proof asset class - too early to call?
Our research has shown that private credit has, so far, successfully weathered the challenges of COVID-19. This session will explore the LP perspective on how their views of private credit has evolved over the last year and what conclusions they have drawn.
Day 2: 21 April
1.05pm I Panel 4 - A halting surge? New opportunities in capital raising
Capital raising for credit funds in 2020 was down to a 5 year low with fewer private credit funds on the road. This session will assess trends in funds and LPs are adapting their approach and what to expect in the rest of 2021.
2.45pm I Panel 5 - Taking a global view: A macroeconomic view of private credit
This session will consider the impact of the stimulus packages introduced across the world and how these have affected the underlying investment rationale for private credit. Is bank retrenchment and a growing non-bank lending market still inevitable or will the sector have to adapt to continue fulfilling its potential?
3.35pm I Fireside chat - The future today: Hybrid working and the new normal
This session will consider whether private credit managers can adopt the ‘virtual only’ models that we are seeing in the liquid markets, and if the adaptations made by managers in the last 12 months are permanent or temporary.
4.40pm I Panel 6 – Integrating ESG into the investment process
This panel will explore how private credit managers have adapted their investment process towards ESG, what changes this has entailed and the factors that are likely to influence their approach in the future.
Focus sessions
There will be a number of key focus topics that will be available for delegates to view on-demand.
Private debt fund structuring in Luxembourg
This session will explore the range of Luxembourg structuring solutions offered to private debt fund sponsors. The key legal, regulatory and tax structuring considerations will be illustrated by looking at two case studies. The session will end with a forward-looking view on potential changes in regulation which may impact the private debt fund industry.
Registration
To register, please email [email protected]
- AIMA members - complimentary
- Investors* - complimentary
- Non-members - £150 + VAT
*AIMA defines an institutional investor as an entity which pools money to purchase securities, investments assets, including alternative investments. They include pension plans (both private and public), sovereign wealth funds, insurance companies, endowments, foundations and single-family offices with greater than USD$1bn of assets. This description does NOT include fund of funds or multi-manager platforms, private bank businesses, REITs, multi-family offices or consultants
ACC Global Virtual Summit 2020
The Alternative Credit Council (ACC), an affiliate of AIMA, was pleased to host the first Global Virtual Summit on 9 & 10 June 2020.
With private credit now encountering its first major test, the ACC Global Virtual Summit convened asset managers, asset owners and industry specialists to discuss the impact of the market crisis and forecast the future of private credit as an asset class. The ACC Global Virtual Summit took place over two days at times that enabled the participation of an international audience across multiple time zones.
Click the image to watch the playbacks from the Global Virtual Summit 2020.
