Summit Listed Alternatives 2019

Listed Alternatives includes Listed Private Equity, Listed Infrastructure and Listed Debt. It provides access to alternative investment strategies with no minimum investment and no lock-up period. What type of returns and investment characteristics can be expected?

Summit
Listed Alternatives
2019
calender
June 27, 2019
point
FIFA Museum Seestrasse 27
8002 Zurich
in cooperation with:
LPEC

speaker
agenda
registration
Justin Atkinson
Investor Relations, CVC Credit Partners

Experienced Investor Relations professional with a long track record of raising assets from a broad range of asset allocators to the PE, credit and investment trust markets. These relationships include consultants, wealth management platforms, endowments, pension and insurance funds and family offices. I have a broad and deep understanding of capital markets having worked at JP Morgan for 22 years in markets’ businesses, always in client facing roles. Investor Relations for CVC Credit Partners since 2007.

Richard Boleat
Chairman of the Board of Directors, CVC Credit Partners

Richard qualified as a Chartered Accountant with Coopers & Lybrand in the United Kingdom in 1987 and subsequently worked in the Middle East, Africa and the United Kingdom for a number of commercial and financial services groups, during which time he acted as a buy-side high yield credit analyst for an Arabian investment bank. From 1996 he was a Principal of Channel House, a Jersey based financial services group, which was acquired by Capita Group plc in September 2005 and led their financial services client practice in Jersey until September 2007. He currently acts as a non-executive director of a number of substantial collective investment and investment management entities and is active in a number of asset classes including global macro, leveraged corporate credit, long/short equity, fund of funds and EM real estate. He presently acts as Chairman of Yatra Capital Limited, listed on NYSE Euronext. He is personally regulated by the Jersey Financial Services Commission in the conduct of financial services business and is a member of the Alternative Investment Management Association (AIMA), the International Corporate Governance Network and the European Corporate Governance Institute.

Douwe Cosijn
CEO, LPeC

Douwe became Chief Executive of LPeC (formerly LPEQ) in January 2016, with responsibility for working with LPeC’s members to set the company’s engagement strategy with the financial markets, government and regulators and the media. Prior to joining LPeC, Douwe was Director of Corporate Affairs and Head of Investor Relations at 3i, a leading international private equity investor, with responsibility for the Group’s corporate and financial communications. He began his career in Brussels, specialising in EU financial services regulation and political affairs.

Dr. Michel Degosciu
Managing Director

Dr. Michel Degosciu is managing partner of LPX AG. During his academic career, he conducted various studies on the private equity asset class at the Department of Finance, University of Basel. He holds a master degree with a major in Corporate Finance from WHU Otto Beisheim School of Management and a phd in Finance from University of Basel under the supervison of Prof. Dr. Heinz Zimmermann.

Susanne Goldberg
Partner, Herbert Smith Freehills

Silke is a partner specialising in energy law. 

Ralf Gruss
COO, Apax Partners

Ralf Gruss is Chief Operating Officer and heads the advisory activities for Apax Global Alpha. He is a former member of the Financial & Business Services team and is based in London. Ralf's deal experience includes: Kabel Deutschland, LR Health and Beauty Systems and IFCO Systems. Prior to joining Apax Partners Ralf was a consultant with Arthur D. Little International Inc, where he specialised in advising clients in the Financial Services sector. Ralf holds a diploma in industrial engineering and business administration from the Technical University in Karlsruhe. He also studied at the University of Massachusetts and the London School of Economics.

Dr. Robin Jakob
Managing Director

Dr. Robin Jakob is managing partner of LPX AG. During his academic career, he focused on research in the area of infrastructure at the Department of Finance, University of Basel. He holds a master degree with a major in Finance and a phd in Finance from University of Basel under the supervison of Prof. Dr. Heinz Zimmermann.

Prof. Maurice Pedergnana
Partner, Zugerberg Finanz AG

Maurice is Chief Economist and Head of the Investment Committee of Zugerberg Finanz AG and Academic Director of the Zugerberg Customer Advisor Academy. He also holds the chair in Banking & Finance at the Lucerne School of Business. Maurice is a designated financial expert. Maurice achieved a Master and PHD from University of St. Gallen (HSG). Author of numerous articles and books on economic and entrepreneurial issues and their impact on investment decision making.

Prof. Dr. Ludovic Phalippou
Professor of Financial Economics, Saïd Business School

Ludovic is Professor of Financial Economics at the University of Oxford Said Business School. He authored the best-selling book « private equity laid bare » and has been named as one of “The 40 Most Outstanding Business School Profs Under 40 In The World” by the business education website Poets&Quants in 2014. He specialises in the areas of private equity that are of interest to investors in that asset class, such as fee tracking, interest alignment, and return benchmarking. Ludovic achieved a degree in Economics from Toulouse School of Economics; a Master in Economics and a Master in Mathematical Finance both from the University of Southern California; and a PhD in Finance from INSEAD.

Markus Städeli
Journalist, NZZ am Sonntag
Steven Tredget
Partner, Oakley Capital Limited

Steven joined Oakley in 2017 and has more than 18 years of investment banking experience. Steven’s focus is fund raising, communications and investor relations for Oakley and its portfolio companies. Prior to joining Oakley, Steven was a founding partner of investment bank Liberum Capital. Over 9 years he raised equity capital for hundreds of companies and advised on public market listings. He began his career in 1997 at Collins Stewart, where he held equity research and sales roles. Steven holds a BSc (Hons) in Banking and Finance from Loughbough University.

AGENDA

Registration

08:30

Welcome

Introduction and Welcome

Michel Degosciu (Managing Director, LPX AG)

Douwe Cosijn (CEO, LPeC)

09:00

Panel I

Listed Private Equity – the market, key factors, deal pricing, leverage, underlying performance, valuations, exits and risks

Ralf Gruss – Apax Partners (AGA)

Steven Tredget – Oakley Capital

Moderator: Douwe Cosijn (LPeC)

09:15-09:45

Case Study I

Listed Private Equity – Apax Partners and our market approach

Ralf Gruss – Apax Partners (AGA)

09:50-10:10

Academic I

Private Equity Deal Flow

Ludovic Phalippou (Saïd Business School) Professor of Financial Economics

10:15-10:45

Case Study II

Listed Private Equity

10:45-11:00

Coffee Break

11:00-11:15

Interview

Listed Private Credit: European and international leveraged loan markets – understanding the market, pricing, risks, access and liquidity

Richard Boleat – CVC Credit Partners

Justin Atkinson – CVC Credit Partners

11:20-12:00

Panel II

LPeC Investor considerations (LPeC publication) / LPX / Market commentary and Market Definition of Listed Alternatives, Risk & Return of Listed Alternatives, Asset Allocation,

Michel Degosciu – (LPX AG)

Moderator: Douwe Cosijn (LPeC)

12:00-12:40

Lunch/Flying Buffett

12:40-13:40

Risk & Return

Infrastructure Risk & Return Characteristics Infrastructure Definitions

Robin Jakob (LPX AG)

13:40-14:10

Panel III

Infrastructure within a global portfolio What is the optimal weight of infrastructure within a global investment portfolio?

Robin Jakob, LPX AG

Prof. Maurice Pedergnana

Moderator: Markus Städeli, NZZ

14:15-14:45

Coffee Break

14:45-15:00

Case Study III

Infrastructure Case Study – Airports Aspects of Growth Domestic and International Airport of Zurich

15:00-15:40

Case Study IV

Listed Infrastructure

15:40-16.10

Close

Closing Remarks

Michel Degosciu (Managing Director, LPX AG)

16:10

Close of Summit

16:20