Agenda

• Expanding into New Asset Classes: Which assets classes are we moving to and where is momentum building? 

• Structural Innovation: Exploring which new models are gaining traction through greater loan standardisation 

• Convergence with Public Markets: The line between private and syndicated markets is blurring, driving demand for enhanced transparency and liquidity 

• Global Growth Opportunities: Which regions are opening new pathways for diversification and strategic deployment?

Explore the rise of permanent capital vehicles and hybrid interval funds in private credit. Discussing how these structures offer flexibility, long-term alignment, and recurring capital deployment opportunities, while addressing liquidity management, regulatory considerations, and the growing appeal among both institutional and retail investors. 

• Valuation in Volatile Markets: How are firms approaching valuations amid rising rates, borrower stress, and complex deal structures
• Governance & LP Expectations: Discuss the role of valuation committees, third-party agents, and growing institutional demand for transparency
• Timing & Communication: Review best practices around valuation frequency and how to manage investor expectations during periods of volatility
• Tech & Regulation: How are firms using technology to enhance valuation processes and prepare for increased regulatory oversight 

• Real Estate Credit Rebounds: Explore renewed interest in residential and commercial real estate lending amid market dislocation and repricing opportunities 

• Infrastructure Debt Momentum: Assess the surge in private infrastructure credit, driven by energy transition, digital infrastructure, and public funding gaps 

• Product Innovation & LP Demand: Discuss how managers are launching asset-specific vehicles to meet LP appetite for diversification and inflation hedged returns 

• Navigating Market Complexity: Examine the structuring, risk, and operational challenges of managing credit strategies across asset classes in today’s rate and regulatory environment. 

How is direct lending is scaling? With larger deal sizes, increased competition, and institutional demand on the rise, how can managers grow platforms while maintaining underwriting discipline, sourcing quality deals, and managing risk in a more complex, competitive environment.

Workshop A: Beyond the Sponsor - Unlocking Value in Non-Sponsored Lending 

• The Rise of Non-Sponsored Lending: Explore the growing appeal of lending directly to founder-owned and non-PE-backed businesses.
• Sourcing & Origination: Discuss how managers are building origination pipelines, leveraging networks, and identifying quality borrowers in a fragmented market.
• Enhanced Due Diligence: Examine how underwriting processes differ in non-sponsored deals, including financial transparency, governance, and documentation challenges.
• Risk, Returns & Relationship Building: Assess how lenders are managing credit risk and structuring terms to balance yield with borrower alignment. 

Speakers:

• Nick Platt, Jr., CPP, CCO & Co-Founder at Kudu Investment Management
• Sweta Chanda, Managing Director, Head of Business Strategy at Monroe Capital

Workshop B: Liquidity on Demand - The Rise of Credit Secondaries 

• Growth of Credit Secondaries: Explore how rising demand for liquidity is fueling activity in LP stake sales, loan portfolios, and continuation vehicles.
• Pricing & Valuation Trends: Discuss the challenges around pricing illiquid credit assets in a volatile rate environment.
• Buyer Landscape & Strategy: Examine who’s deploying capital into credit secondaries and how strategies differ across the market.
• Execution & Transparency: Assess operational hurdles, data limitations, and what’s needed to scale credit secondaries with confidence. 

Speakers:

• Mary Jurgensen, Managing Director, Credit Secondaries at Ares Management
• Krishna Skandakumar, Partner, Debevoise & Plimpton LLP

Workshop C: Managing the Downside - Navigating Risk in Private Credit 

• Managing Credit Risk in Today’s Market: Explore how managers are responding to rising defaults, refinancing challenges, and borrower stress.
• Structuring for Downside Protection: Discuss covenant design, collateral requirements, and creative structuring to mitigate risk.
• Portfolio Diversification Tactics: Examine how sector, borrower, and geographic diversification are being used to spread risk.
• Monitoring & Stress Testing: Assess the role of real-time data, scenario analysis, and technology in proactively managing portfolio risk. 

Speakers:

• Derek Leo, General Counsel and Chief Compliance Officer at Blue Torch Capital
• Marco Prono, Managing Director, Co-Head Direct Lending at, J. P. Morgan