AIC

Panels

Panel information coming soon…

 

Panel IA: The Private Markets Investing Landscape – Hill South

Thursday, March 21, 1:00 PM

The macro backdrop for private assets has been volatile in recent years: with investors facing disrupted supply chains to surging inflation, valuation swings and liquidity constraints. Is 2024 a classic inflection point, marking the year things return to “normal”? Or will the effects of these disruptions have more lasting effects? Will Fed cuts and lower costs of capital offer a boost to private assets? How do allocators and investors think about these issues?

MODERATOR

Christian Lundblad

Richard "Dick" Levin Distinguished Professor of Finance & Senior Associate Dean for Faculty and Research, UNC Kenan-Flagler Business School
PANELISTS

Elizabeth Weindruch

Managing Director, Barings

Dominic Garcia

Chief Pension Investment Strategist, CBRE

Joseph Zidle

Senior Managing Director & Chief Investment Strategist, Private Wealth Solutions, Blackstone

Panel IB: Middle Markets – Hill North

Thursday, March 21, 1:00 PM

A panel discussion focusing on middle markets, a market that has traditionally been more insulated from the competition and valuation risks seen elsewhere. 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, and more.  This panel will consider the opportunities inherent in middle markets investing.

MODERATOR

Alexandra Arnsberger

Executive Director, SBIA

Roundtable I: Private Equity – Hill Central

Thursday, March 21, 1:00 PM

This roundtable will discuss the dynamics expected to shape the sector this year. What does our panel of experts believe are the trends that could transform the PE landscape? And what do they see as appropriate portfolio responses?

PANELISTS

Craig Demko

Director, Private Equity, NC Department of State Treasurer

Steven Wacaster

Managing Partner and Co-Founder, Warren Equity Partners

Peter Cornelius

Managing Director, Chief Economist, AlpInvest Partners / The Carlyle Group

Panel IIA: Privates for the Public – Hill South

Thursday, March 21, 2:00 PM

This panel will discuss the evolving role of individual investors in a traditionally institutional space. As access is “democratized” what are the educational, regulatory, product, and technology considerations that participants should take into account? Join the panel of experts as they identify both challenges and the opportunities.

MODERATOR

Claudia Harper

Director, Private Investments, Vanguard
PARTICIPANTS

Mark Robillard

Vice President, Research Analyst, Fidelity

Shane Clifford

Managing Director, Head of Private Wealth Strategy, Carlyle

Panel IIB: Liquidity Management and Evolving Exits – Hill North

Thursday, March 21, 2:00 PM

How are investors thinking about managing portfolio liquidity, and how are exit strategies evolving? Whether through secondary buyouts, IPOs, and strategic sales, investors have a need for adaptability in a rapidly changing market. Are there unique strategies to that are being developed to help address some of these challenges (continuation funds, minority sales, NAV loans, fund securitization, etc) – and what role could those play in a well-diversified portfolio?

Roundtable II: Real Assets – Hill Central

Thursday, March 21, 2:00 PM

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. This roundtable will review strategies for positioning institutional investor portfolios using real assets.

SPEAKERS

William Kieser

Principal, Quantitative Research Group, Ares Management

Panel IIIA: AA and Portfolio Rebalancing in Fast Paced Markets – Hill South

Thursday, March 21, 3:00 PM

The illiquidity and long-term nature of private market investments presents unique challenges to allocators, especially when market volatility increases. Successful portfolio rebalancing involves a careful evaluation of market dynamics, risk factors, and the evolving investment landscape. This panel will discuss how investors approach portfolio composition and realignment in today’s markets – and how they consider these factors within the risk and return objectives of their own investment strategies.

MODERATOR

Tobias True

Partner, Investment Strategy and Risk Management, Adams Street
PARTICIPANTS

Andrew Spellar

Chief Investment Officer, Fairfax County Employees' Retirement System

Paramdeep Jassi

Managing Director, CPPIB

Panel IIIB: Venture Capital – Hill North

Thursday, March 21, 3:00 PM

2023 was marked by strong shifts in VC investing worldwide, on both a deal and dollar volume basis. The landscape for technology, startups, and the economy has rapidly changed; competition for investment opportunities has increased, and firms face increased scrutiny from regulators and the public. Do these market shifts represent a cooling off period, or a more permanent change in the market? How should investors and allocators think about the role of VC? Join our panelists for a discussion of the challenges and the opportunities facing venture capital now, and for the years to come.

PANELISTS

Mindy lsenstein

Partner, Venture Capital, Andreessen Horowitz

Hunter McCrossin

Managing Director, Columbia IMC

Roundtable III: Credit Strategies – Hill Central

Thursday, March 21, 3:00 PM

A discussion of the outlook for private debt: an asset class that became the third largest private market strategy supported by positive macro factors such as negative real rates and accommodative monetary and fiscal policy. Our roundtable will discuss the impact of the sharp reversal in those factors in the last few years, as well as discuss the major trends and themes of credit quality, liquidity, and regulation.

PANELISTS

Laurence Gottlieb

Chairman, Chief Executive Officer, Fundamental Advisors

Ashok Vishnubhakta

Head Of Middle Market Credit, American Equity

Roundtable IV: CIO Discussion – Chancellors’ Ballroom

Thursday, March 21, 4:15 PM

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.

MODERATOR

Michael Elio

Partner, StepStone Group
PANELISTS

TJ Carlson

CIO, Missouri State Employees’ Retirement System

Katherine Molnar

CIO, Fairfax County Police Officers Retirement System

Neal Triplett

President & CEO, DUMAC

Peter Teuscher

CEO, Zurich Alternative Asset Management
 
 

INSTITUTE FOR PRIVATE CAPITAL

The Institute for Private Capital improves public understanding of the role of private capital in the global economy. Academic and industry experts work together to generate new knowledge about private capital markets based on objective academic research.

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