Private Markets Investment Forum 2018

Hyatt Regency Scottsdale, Scottsdale, AZ
January 8, 2018 - January 10, 2018

53 days left

The private markets aren’t merely another segment of finance, but a revelation for investment management. The deals, products—and even the clients—involved with private market assets and investments represent countless variations on a theme. Fluid and rife with latent opportunities for competitive differentiation, the overnight growth of the private markets has caught industry pundits off-balance, hindering efforts at pigeonholing.

Thanks to that growth, private equity funds today are no longer exclusive, but widely available to sophisticated 401(k) plans. Additionally, private fund structures are no longer limited to unlisted shares—credit and debt are included as well. Meanwhile, private investments in real estate and infrastructure eschew financial instruments altogether, opting instead to monetize projects tied to properties or public works. Lastly, the growth of the private markets has set in motion a blurring of roles between limited and general partners, reframing LPs—endowments and foundations, pensions and family offices—as direct investors pitted against their erstwhile managers.

Our Private Markets Investment Forum is a venue to foster open dialogue and professional education for both institutional and high-net-worth capital allocators and managers. Presented as a series of panel discussions and standalone presentations, our lineup of expert speakers will debate and discuss the trends, issues and challenges facing private markets. Sponsored speaking and networking opportunities are currently available. Join us as event partner, and gain heightened exposure to our vast investor database while building a reputation for thought-leadership, increasing brand awareness and meeting prospective customers privately or in a group setting.

Current as of November 17, 2017

8:00am

Exhibitor Setup

9:00am

Registration

12:50pm

Welcome

1:00pm

Trumponomics: Making the Market Great Again?

For all his anti-globalization rhetoric, Donald Trump lined his presidential cabinet with Wall Street pedigree.  Facing a federal investigation and furthering polarization, can his fiscal vision of reduced regulation and tax reform be realized?

Moderator

Carol Schleif, CFA, Deputy Chief Investment Officer, Abbot Downing

Panelist

James McGrath, CFA, CAIA, Director of Research, Forbes Family Trust

Panelist

Bradley Belt, Chairman, PCM LLC

Panelist

Sandip Bhagat, CFA, Chief Investment Officer, Whittier Trust Company

2:00pm

The Tug-of-War for Fair and Transparent Regulation

CalPERS and ILPA lead a mounting chorus of disapproval over asset valuation and performance reporting in private equity.  Despite general partner support for standardized fee disclosure, looming rollback legislation is on track to undo investor protection.

Moderator

Peter Gerlings, CFA, CAIA, Senior Vice President, Segal Marco Advisors

Panelist

Shawn Quinn, Vice President, Wilshire Private Markets Group

3:00pm

Welcoming Address

Jeff DeWit, State Treasurer, State of Arizona

3:30pm

Networking and Refreshment Break

3:45pm

All About the View: Private Real Estate

Boasting mid-double-digit annualized return, not to mention $250 billion in sidelined capital, private real estate is a perennial outperformer.  But pricing and increased competition is hinting a cyclical market correction is imminent.

Moderator

David McConico, Chairman, City of Aurora (CO) General Employees' Retirement Plan

Panelist

Robert Lee, Principal, Harlow Family Office (SFO)

Panelist

DJ Van Keuren, VP, Hayman Family Office (SFO)

4:45pm

Death by Unicorn: Venture Capital and IPO Inertia

Airbnb and Uber signaled a tipping point for startup funding and business valuation.  By flouting IPO convention, “Unicorn” venture capital is putting both Wall Street and Silicon Valley at risk.

Moderator

Brian Smiga, Operating Partner, Pritzker Group/Alpha Venture Partners

Panelist

Kevin Tunick, Head of Private Capital, UNC Management Company

5:45pm

Cocktail Reception: College Football Playoff Championship Viewing

8:00am

Continental Breakfast

8:50am

Welcoming Remarks

9:00am

Morning Keynote

Peter Pry, Executive Director, Task Force on National and Homeland Security

9:15am

White Shoe or Off the Rack? Lowering Barrier to Entry

Formerly characterized by blue blood and VIP access, private equity is going mom and pop.  Though The Carlyle Group or Kohlberg Kravis have welcomed newfound non-institutional revenue, private equity is still a far-off asset class—and with good reason.

Moderator

William A. Pusey, Jr., Senior Wealth Advisor, Keel Point (MFO)

Panelist

Howard Cooper, CEO, Cooper Family Office (SFO)

Panelist

Wendy Craft, Chief Operating Office, Favara (SFO)

Panelist

Dan Parker, Deputy Chief Investment Officer, Texas Tech University System

10:00am

Cannabis: How to Invest and What to Invest In

Q: How did legal cannabis become both a potential multibillion-dollar market and prolific job creator, incorporating beauty and skin care, mobile application technology and even brand licensing of reggae legend Bob Marley?
A: Decriminalization—and private equity.

Moderator

Bill Brothers, President, Arizona Facility Supply

10:45am

Networking and Refreshment Break

11:00am

Private Capital and the Future of Technology

From angel investing to venture capital through buyout and growth equity, private money is responsible for the creative disruption in technology.  Hear the latest ground-floor perspective.

12:00pm

Standalone

12:20pm

Standalone

12:40pm

Luncheon Keynote Presentation

Investing in Sports

Presenter

Chuck Baker, Co-Chair, Sports Industry Group, O'Melveny & Myers LLP

Guest

David Checketts, Managing Partner, Checketts Partners Investment Management

2:00pm

Afternoon Address: What to Expect from U.S. Congress in 2018

Keynote Speaker

Paul Strauss, Shadow Senator, District of Columbia

2:30pm

Private Debt I: The Asset Class

Rising to fill a market vacuum in financial liquidity, “private debt” is a broad label for a unique and varied product offering.  Umbrella term notwithstanding, the asset class can be sub-defined and differentiated by sector, strategy and geography.

Moderator

Mihir Meswani, Head of Portfolio Management, Deutsche Investment Management America

Moderator

Paul Lisiak, Managing Partner, Metropolitan Partners Group

Panelist

David Marcus, Chief Investment Officer, Stony Brook Foundation

Panelist

Mark Linnan, Managing Director, PennantPark Investment Advisers

3:30pm

Private Debt II: LP Point of View

In the wake of Wall Street reform, private debt went from “shadow banking” to $560 billion global asset class.  But has investment performance kept pace with growth—or lived up to the hype?

Moderator

Kevin Edwards, Senior Investment Officer, Hartford HealthCare Pension and Endowment Fund

Panelist

Al Alaimo, CFA, Senior Portfolio Manager, Fixed Income, Arizona State Retirement System

Panelist

Michael Nicholas, CAIA, Deputy Chief Investment Officer, Private Credit, Texas Tech University System

4:30pm

Exit Poll: Private Equity Divestment

In the stock market, sudden and unexpected risk can provoke a dramatic selloff.  In private equity, similar disruption might call for unloading a whole company or allocation.  How formalizing exit strategy can forestall divesting too early and maximize value.

Moderator

Leandro Festino, Managing Principal, Meketa Investment Group

Panelist

Thomas Forma, Senior Vice President, Senior Institutional Consultant, The Forma Group - Morgan Stanley Wealth Management

5:30pm

Cocktail Reception

8:00am

Continental Breakfast

8:50am

Welcoming Remarks

9:00am

The Pros and Cons of Direct Investment

Forgoing traditional general/limited partnership in a private equity is both a unique opportunity and a unique challenge.  But despite the potential lower cost and higher return, operational knowhow is critical in a private deal.  If direct investment is a tradeoff, can its risk be offset?

Moderator

Brandon Laughren, Managing Director, Co-Founder and CIO, The Laughren Group (SFO)

Panelist

Amit Thanki, CAIA, Investment Officer, San Bernardino County Employees' Retirement Association

Panelist

Vaughn Brock, Chairman, Veritas Family Partners (SFO)

9:45am

How Private Equity is Professionalizing Impact Investing

Under the aegis of private equity, investing to better people and planet is not only noble but lucrative.  The pioneer era of impact investing is underway.  To stake its claim as a legitimate asset class, widespread misperception must be challenged.

Moderator

Susanne Bregy, Managing Director, Rhodanus Capital

Panelist

Chris Walters, Managing Director, GenSpring Family Offices

Panelist

Hugh Brown, ESG Officer, Florida State Board of Administration

10:30am

Political Reality in U.S. Infrastructure Investing

To build and rebuild crumbling infrastructure nationwide, President Donald Trump unveiled a project finance model pioneered in Thatcherite Britain: private investment.  To the people of capitalist America, however, privatization is grand betrayal.

Moderator

Jay Yoder, CFA, Managing Director, Real Assets, Pavilion Alternatives Group

Panelist

Stephen Dowd, Partner, Caledon Capital Management

11:15am

From Fire Sale to On Fire: Secondary Private Equity

Unlike the distress selling following the financial crisis, par value and outsized demand define the current private equity secondary market.  What can the record fundraising from Goldman Sachs and Hamilton Lane expect in return?

Moderator

Brian Murphy, CFA, Managing Director, Portfolio Advisors

Panelist

Cari Lodge, Head of Secondary Private Equity, Commonfund Capital

12:00pm

Golf Outing

1star
Hyatt Regency Scottsdale
7500 East Doubletree Ranch Road, Scottsdale, AZ, United States


Government Rate* - Single $289
Government Rate* - Double $289
Standard Rate - Single $309
Standard Rate - Double $309
*Government Rooms are subject to approval. All prices exclude state and local taxes, currently 13.92%.
  • Rooms are available only to those participants who are registered conference attendees.
  • Rooms will not be guaranteed without a credit card.
  • Rooms are allocated on a first come first serve basis. Room types/rates are subject to availability.
  • The name on the form will be the name of the guest room.

Registration Pricing

Standard Rate
Manager/Service Provider $2,895
Fund of Funds/Seeders $1,995
Family Office, Endowment, Foundation, Pension Fund, Plan Sponsors, Non-Discretionary Consultants*** Complimentary*

*** Institutional End-Investors include: organizations that are solely investing on their own behalf in alternatives and do not sell any alternative investment products or services to clients including; sovereign wealth funds, pension funds, endowments, foundations, family offices, private clients and treasury.
*Subject to Opal Group’s verification and approval. Only individuals who are solely investing on their own behalf can be verified for a complimentary pass. Solution Providers or Fund Providers to 3rd parties will not be able to receive complimentary access. As investment portfolios/strategies are constantly changing, we reserve the right to re- verify past delegates for future complimentary passes.

Investing in Sports

Presented by

David Checketts, Managing Partner, Checketts Partners Investment Management

Investing in Sports

Presented by

Chuck Baker, Co-Chair, Sports Industry Group, O'Melveny & Myers LLP

A Washington, D.C. Update -- What to expect coming out of Congress in 2018

Presented by

Senator Paul Strauss, United States Senator for the District of Columbia (Shadow)

  • Decoding ‘Trumponomics’
  • Private equity ‘retailization’
  • Fiscal, regulatory change under the Trump administration—who will win, who will lose?
  • Pressure and pushback on transparent private equity fee, performance disclosure
  • Fixing U.S. infrastructure vs. anti-privatization
  • Private equity direct and co-investment
  • ‘Unicorn’ venture capital risk
  • Selling secondary private equity par value
  • Timely divestment vs. exiting too early or too late
  • Rethinking opportunistic credit and private debt
  • Alternative private real estate
  • ‘Permanent’ private equity capital
  • Investing for impact post-Paris accord
  • Chief investment officers
  • Investment officers
  • Heads and directors of due diligence
  • Head and directors of fund selection
  • Heads and directors of research
  • Research analysts
  • Portfolio managers
  • Single-family offices
  • Multi-family offices
  • Fee-only investment advisors
  • Corporate pensions
  • Public pensions
  • Private equity funds
  • Private equity portfolio companies
  • Private equity real estate funds
  • Private debt funds
  • Alternative lending funds
  • Infrastructure investment funds
  • Venture capital funds
  • Foundations and endowments
  • Outsourced chief investment offices
  • Wealth management technology platforms
  • Third-party private fund administrators
  • Performance measurement and reporting vendors
  • Private fund accounting firms
  • Investment consultants