Name: Pursuing opportunity: Private equity’s playbook in a new dealmaking era
Start: 2023-06-14T13:30:00Z
End: 2023-06-14T13:31:05.000Z
Location: BrightTALK
Rating: 4.8

For over 35 years GlobalCapital has been an integral part of the world’s primary capital markets. The publication is a trusted voice for bankers, issuers, lawyers, investors, regulators, trading platforms and other industry experts. We challenge, question, discuss and report on the most important deals, and developments in the industry.

Securitization markets in both the US and Europe had one of their most impressive years in recent times in 2024.

US non-mortgage ABS and CLOs had both surpassed record annual issuance levels before the end of October, new and alternative products emerged and grew within RMBS, and the CMBS market’s turnaround began in earnest with even the beleaguered office sector often able to find financing as spreads compressed.

In Europe, primary market volumes have been robust as banks have returned to prominence as issuers, and demand has been sufficient to absorb it. At the same time issuance has become more diverse in asset classes and geographies. Concerns about collateral performance, although not completely dissipated, have not materialised as many feared. Finally, momentum surrounding regulatory reform that could potentially transform the investor base is as great as it's ever been, with political winds seemingly blowing in favour of securitization. 


Join our virtual roundtable to understand the outlook for global securitization in 2025. This roundtable will focus on:

- What a difference a year makes. Are we in for another bumper year of issuance in 2025?
- As we head into 2025, are we optimistic around collateral quality in the majority of securitized asset classes in Europe? Which geographies or areas are particularly vulnerable or robust?
- With rates seemingly heading down in Europe, what are the prospects for the RMBS sector as mortgage origination picks up?
- With US rates having sold off again, is the monetary easing story at risk in the US?

Speakers:
Brian Ford, Managing Director, Structured Finance Research, KBRA
Clayton Triick, Head of Portfolio Management, Public Strategies, Angel Oak Capital Advisors
Eric Thompson, Senior Managing Director, Global Head of Structured Finance Ratings, KBRA
Kyra Fecteau, Managing Director and Fixed Income Portfolio Manager, Wellington Management
Mike Nowakowski, Managing Director and Head of Structured Products, Conning

Global securitization 2025 outlook roundtable

The private equity secondaries asset class has expanded to become a critical avenue for limited partners seeking liquidity and flexibility. Transaction volumes in 2023 were close to record levels and the fundamental drivers of activity remain in place. Fund managers are sitting on almost $3 trillion in unsold investments and the distributions going to investors are well below their expectations. As general partners seek to extend the lifetime of their investments and limited partners search for liquidity, secondary transaction sizes and volumes are growing ever larger.

Having recently hit their widest since the financial crisis, bid-ask spreads are narrowing. Public market valuations are improving. Debate over value remains significant in some parts of the market. But on the portfolios of blue-chip buyout firms, buyers and sellers increasingly see eye-to-eye. In this webinar, we will delve into the changing world of private equity secondaries - examining the market’s expansion, evolution and its future as a PE strategy.

Join our webinar to understand the PE secondaries surge, including trends, strategies and challenges. This webinar will focus on:

- The market’s growth outlook and key trends
- Different strategies within private equity secondary investments
- Supportive tailwinds and challenging hurdles
- The outlook for ‘bid-ask’ spreads across different segments

Speakers:
Stuart Ingledew Partner, Investec Fund Solutions
Gareth Lazell, Partner, Funds - Transactions Tax Leader, EY
Thomas Mercieca, Private Equity Segment Lead, CIQ Solutions, S&P Global Market Intelligence
Elena Moisei, Managing Director, Portfolio Valuation practice, Alternative Asset Advisory unit, Kroll Luxembourg
Moderator: Steven Gilmore

For more insights on how we can help surface PE Secondaries opportunities, please download the attachment with useful links.

The PE secondaries surge: Identifying trends, strategies and challenges

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Technology has long been a driving force in financial markets, catalysing innovation across various fronts, from product development to customer engagement. Increasingly, the spotlight is on artificial intelligence, which promises to revolutionize the industry in unprecedented ways, by not only spurring innovation but also driving efficiency to processes.

The use of AI in capital markets has also gained steam. Financial institutions have moved from adopting AI just for algorithms to automate trading strategies, to tapping into the multifaceted ecosystem spanning machine learning, natural language processing and advanced analytics to grow and strengthen their businesses. 

Naturally, the integration of AI into the fabric of capital markets comes with its challenges – be it regulatory or ethical – which will need to be tackled. But it’s clear that the question is no longer about whether to adopt AI, but rather, how to leverage AI effectively and transparently. 

Join our webinar to understand how the market has evolved – and what is the way forward for AI in capital markets. This webinar will focus on:

- The latest developments around AI and what they really mean for banks, asset managers and private equity firms. 
- Use cases spanning compliance solutions, information extraction or summarization. 
- Generating alpha using technology 
- Future of AI in capital markets – friend or foe?

Speakers: 
Spencer Maclean, Founder, BondAuction
Stuart Taylor, International Head of Electronic, MUFG
Chirag Patel, Market Development– Investment Management, S&P Global Market Intelligence
Moderator: Rashmi Kumar, Correspondent, GlobalCapital

The tech revolution: How can AI transform and reshape capital markets?

At a time when public markets remain unpredictable and investors hunt for high risk-adjusted returns, private credit has emerged as a compelling alternative asset class across regions. As a result, the global market for private credit has boomed, growing to about $1.4 trillion by the beginning of 2023 and expected to soar to $2.3 trillion by 2027, shows research.

The opportunities are vast, as are the challenges. In this webinar, we will delve into the world of private debt, its growth and evolution, how it stacks up against bank lending, its future potential amid fundraising challenges, as well as the risks it could pose to the broader system.

We will explore:
- Growth, trends and key markets
- Strategies within private credit investments 
- Tailwinds and hurdles 
- Credit risk, particularly with direct lending
- Outlook 

Speakers:
-Daniel Sinclair, Partner, Ares Credit Group
-Eric Capp, Partner, Head of Origination & Co-Head of Direct Lending, Pemberton Asset Management
-Thomas Merceica, Private Equity Segment Lead, Desktop & Channel, S&P Global Market Intelligence
-Sidiq Dawuda, Head of Market Development, EMEA, Credit & Risk Solutions, S&P Global Market Intelligence
-Rashmi Kumar: Moderator  


Why participate?

-Expert insights: Gain valuable insights and perspectives from industry experts who possess in-depth knowledge, data and experience in the private credit market
-Comprehensive coverage: Covering a wide range of crucial topics including the rise of private credit and the challenges it could pose, choosing the right private credit funds, the growing importance of this market and its future potential

Private credit in the spotlight: Thriving amid economic challenges

In this webinar, we will take a deep dive into the current state of the European debt market, changes in sector dynamics and types of debt being issued, the pressure on the real estate market and how best to navigate this complex landscape effectively.

This webinar will explore:

- Key DCM trends and themes across Europe, the Middle East and Africa
- How markets are looking at different asset classes like FIG and corporate bonds
- Stress on European real estate bonds and implications for banks
- How the interest rate environment has affected the yield curve – is there demand for duration?
- Eurozone inflation is falling but will it lead to an end to interest rate hikes? How should banks/ investors/ issuers position themselves?

Insights and strategies: Navigating Europe’s debt capital market dynamics

The capital markets made a rampant start to the year with bond issuance in particular breaking records in all sorts of different asset classes, but the Silicon Valley Bank and Credit Suisse crisis has shown how fragile investor sentiment can be.

In this webinar, we examine why the uncertainty of what lies in store for the rest of the year is both making bond issuance difficult and spurring issuers to come to market, for fear that conditions could deteriorate. We will explore the relative merits of green bonds and sustainability-linked debt, and ask what bond issuers can achieve in the months to come as investors digest a side dish of bank failure in the middle of a banquet of inflation and rising rates. 

We look at which groups of issuers cannot seem to price bonds fast enough, and which will struggle and why.

Presenters:
Ralph Sinclair – Frequent Issuers Managing Editor, GlobalCapital
Jon Hay – Corporate Finance and Sustainability Editor, GlobalCapital
Bill Thornhill – Covered Bonds Editor, GlobalCapital

Where next for the bond markets?

In the past decade, finance and investment firms have increasingly deployed ever-more sophisticated AI technology to transform and automate their operations across multiple areas, from the back-end to the front. 

During this next decade, AI’s advance will only accelerate, powered by new, emerging technologies such as Natural Language Processing, which promise to revolutionize financial institutions’ use of data, unlocking new actionable insights that enable them to gain a sharper, competitive edge. 
 
Who should attend?
This webinar is targeted at investment banking, investment management and private equity professionals. Participation is free but subject to prior registration.

Why participate? 
- Understand the power of Machine Learning/NLP for your firm 
- Find out about data sets that go beyond traditional financial data
- Understand the process of data collection, delivery and access
- See how you can use this data in your workflows
- Gain an insight into S&P CIQ Pro’s Sentiment Scores using natural language processing

Our Speakers:
Pietro Casella – Managing Director at EQT Group and Chief Architect of EQT Digital and Motherbrain Labs 
Gabriel Andraos – Co-Head of Voya Machine Intelligence (VMI), Voya Investment Management
Rob Oddy – Enterprise Architecture Executive for Global Technology, Bank of America 
Michael Hoffman – Head of Business Development at Kensho Technologies, S&P Global’s AI innovation hub. 
Chirag Patel – EMEA Desktop Business Development team at S&P Global Market Intelligence.

Game changer: How NLP & alternative data is transforming the buy and sell-side

After the buyout boom and rich returns of the past decade, the private equity industry has now entered a new, more challenging and financially uncertain period.

For general and limited partners, adjusting to this new context won’t be easy. But it is necessary. 

In this webinar, we take a deep dive into how private equity firms are navigating the changing market, specifically exploring and examining:

- How macro has impacted the industry and investment 
- Key trends in fundraising and dealmaking in H1 2023 
- Market outlook for H2 2023 / H1 2024 on opportunities (optimal deal strategies, and sector plays), and anticipated challenges (macro moves, and financing)
- Key value-creation themes GPs are positioning on (from sustainability to digital transformation)

Presenters:
Flor Kassai, partner, member of executive and investment committees, Inflexion Private Equity
David Jolly, partner, investment, Coller Capital
Ilja Hauerhof, S&P Global  
Thomas Mercieca, S&P Global 
Duncan Kerr, moderator

Pursuing opportunity: Private equity’s playbook in a new dealmaking era

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Pursuing opportunity: Private equity’s playbook in a new dealmaking era

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