Panel Discussion IA: Responsible Investing – Hill South
Responsible investing spans a range of objectives with one end of the spectrum focusing on maximizing risk-adjusted returns “Socially Responsible Investing” to the other end, “Impact Investing” which prioritizes ethical considerations linked to a social outcome. Increasingly, managers are focusing on responsible investing as part of their investment process as institutional investors make responsible investing a priority, and many look to private capital to be the area of the market where ESG efforts may be especially impactful. This panel will explore a range of topics related to the adoption of ESG investing programs.
Additional speakers TBA
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Jeff Cohen
Kimberly Evans
Panel Discussion IB: Infrastructure – Hill North
Increased government spending combined with the search for stable returns and recurring yield in a rising interest rate environment has prompted investors to steadily increase their allocations to infrastructure over the last ten years. This has contributed to growth in the private infrastructure market. Significant capital is being invested to revitalize aging infrastructure and adapt to cope with more volatile climatic events, increase efficiency and reduce wastage. This panel will examine the global outlook for infrastructure investments with a focus on identifying the segments of the market and places in the capital structure that represent the best opportunities for outsized returns going forward.
Dominic Garcia
Recep Kendircioglu, CFA, FRM
Edward Keith
TJ Carlson
Roundtable Discussion I: Private Equity – Hill Central
The private equity investment environment remains highly competitive, with valuations near the upper end of historical ranges driven by large capital inflows, a robust return environment, the pace of technology adoption and a relatively stable global economy. However, rising inflation and rising interest rates, coupled with policy and geopolitical uncertainties pose significant challenges looking forward. Against this backdrop, our roundtable will discuss the implications for private equity investors, aiming to develop appropriate tactical responses for investment portfolios.
Additional speakers TBA
Pete Witte
Barry Griffiths, PH.D., CFA
Davis Noell
Tobias True, CFA, FRM
Lauren Mulholland
Ted Rosenwasser
Craig Demko
Panel Discussion IIA: Evolution of the Secondary Market – Hill South
The secondary market is evolving rapidly, with pools of investments in private equity, real estate, real assets, infrastructure, and credit coming to market and investor appetite rising to meet demand. While secondary private markets have consistently grown over the last twenty years, the global pandemic catalyzed investor appetite resulting in a record high of over $130 billion in transaction volume in 2021. Within this market, GP-led secondary transactions have emerged as a major driver of secondary activity. Single and multi-asset continuation vehicles along with stapled-tender offerings resulted in over $60 billion of transaction volume last year, which is anticipated to more than double in 2022. Join our panel to discuss the implications of these trends for institutional investors.
Daniel Murphy
Garrett Hall
Paul Sanabria
Rajesh Senapati
Panel Discussion IIB: Venture Capital – Hill North
2021 was another record year for VC investing worldwide on both a deal and dollar volume basis. While the pace of deal-making accelerated, the capital is increasingly concentrated in the hands of fewer players. Fewer players with larger funds are making larger investments at higher valuations and exits. Despite a subset of high-profile IPO underperformers, investors continue to realize distributions at an accelerated pace and are redeploying the capital back into the industry. Emerging technologies have disrupted traditional industries and created new ones as a result of capital allocations and guidance from VCs. The question remains of whether the venture industry has reached a new normal or a peak ahead of a cooling off period. Join this session to review emerging themes for VC investing for 2022, and the years to come.
Additional speakers TBA
Mitch Mumma
David Jones
Allen Moseley
Karen LeVert
Roundtable Discussion II: Real Assets – Hill Central
Allocations to real asset investments – including real estate, natural resources and agriculture, among others, have been increasing as investors sought attractive total returns over the long term, while maximizing the potential for real returns in periods of rising inflation. The current inflationary environment, political uncertainty, housing affordability, technology disruption and climate change all pose threats and potential opportunities to a diversified portfolio. Join our roundtable to review strategies for positioning institutional investor portfolios using real assets.
Additional speakers TBA
Mark Corigliano
Tony Cascio
Trey Dempsey
Troy March
Charlie McNairy
Michael Brand
David Chattleton
Laurence Gottlieb
Hadley Peer Marshall
Panel Discussion IIIA: The Macro Outlook – Hill South
From global supply chain disruptions to decade-high inflation, from soaring commodity prices to geopolitical instability… the investing outlook across all asset classes seems more volatile than ever. How should investors think about risk and return in the current environment? How might traditional investment strategies evolve in the face of rapid changes to the macro landscape? Join our panel of investors and managers in discussion of these questions and more.
Narayan Y. Naik
Jeffrey Palma
Andrew Patterson
Glenn Jacobson
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Panel Discussion IIIB: Trends in Lower Middle Markets – Hill North
Despite significant capital inflows and increased competition in the large and middle-market buyout space, the lower middle market investment space (<$10mm of EBITDA) has remained more insulated from the intense competition and higher valuations. Market fragmentation, lack of institutional capital backing, and less access to debt have provided sustainable barriers to entry. However, investors must balance the advantages of investing in this market with certain inherent risks often present–less developed management teams, risks to exogenous shocks, customer concentration, etc. Join our panelist discussion to consider the opportunities inherent in investing in the lower middle market.
Brett Palmer
Katie Walker
David Demeter
Lester Alexander
Roundtable Discussion III: Credit Strategies – Hill Central
Demand for private debt remains high, with some estimates suggesting that 2021 was the second-highest annual fundraising total on record. Private debt has become the third largest private market strategy supported by positive macro factors such as negative real rates and accommodative monetary and fiscal policy. With those factors set to reverse, and increased volatility in capital markets, will the positive trends seen in this sector continue? Our roundtable will discuss the implications for private credit investors, and strategies for positioning portfolios for a late-cycle environment.
Additional speakers TBA
Lynn O’Connell
Alex Wright
Andreas Dische
Sean Hickey
Frank Jordan
Michael Becker
Jordan Peer
Roundtable Discussion IV: CIO Discussion – Chancellors’ Ballroom
How have the key risks and opportunities across sectors impacted asset allocation decision making? What key concerns are most frequently voiced from their constituents regarding portfolio investment strategy and performance? Join our roundtable of leading CIOs to discuss the key themes that are driving investment decisions across the portfolio.
Michael Elio
Brad Briner
Ruulke Bagijn
Jonathon King
Jason Morrow
TJ Carlson
