CLO Summit 2021
Waldorf Astoria Monarch Beach, Dana Point, CA
December 8, 2021 - December 10, 2021
Opal Group is proud to present our CLO Summit. The CLO Summit is an educational forum designed for investors, issuers, underwriters, rating agencies, lawyers and accountants. At this conference, they can learn the newest techniques to maximize returns and reduce risk exposure in this growing area of Asset-Backed Finance. An in-depth review of recent regulatory changes in addition to rating agency methodology, legal, tax and structural considerations will provide attendees with the tools necessary to stay one step ahead of their competitors.
The conference will serve as an opportunity where a meaningful dialogue can be opened to address concerns regarding this dynamic segment of the market. This event promises to be the "must attend" CLO event of 2021.
All attendees will be required to show proof of vaccination or negative COVID test.
To request our previous agenda, participant list and sponsors
Current as of December 1, 2021
| 11:00am |
Exhibit Set-Up / Registration |
| 1:10pm |
Welcoming Remarks Aleksandr Lobanov, Managing Director, Deloitte & Touche LLP |
| 1:15pm |
LIBOR to SOFR
Moderator
Yann Marty, Associate Director, Structured Credit Group, S&P Global Ratings
Panelists
Christopher Jackson, Partner, Allen & Overy LLP Neha Khoda, Director, Head of Loan Strategy, BofA Securities Charlie Wu, Strategist, Morgan Stanley Jeremy Phillips, Partner, PwC Nicole Skalla, Partner, Paul Hastings LLP Matthew Clarkin, CFA, Vice President, Product Management, U.S. Bank |
| 2:15pm |
New Manager Roundtable
Moderator
Eric Hudson, Senior Managing Director, Structured Credit, KBRA
Panelists
Tom Shandell, CEO, Marble Point Credit Management LLC Ivo Turkedjiev, Portfolio Manager, New Mountain Capital, LLC Scott D'Orsi, CFA, Portfolio Manager, Fixed Income, Putnam Investments Olga Chernova, CIO & Portfolio Manager, Sancus Capital Management LP Ryan Kohan, Head of Bank Loans, Western Asset Management Company |
| 3:00pm |
The Loan Market in the 21st Century – it’s electrifying!
Moderator
Sean Kelley, Head of CLO Data Analytics and Research, U.S. Bank
Panelists
David Lazar, CFA, Product Manager, Public Credit, Allvue Paul Zappier, Founder/President and Chief Technology Officer, HashLynx Howard Cohen, Head of Leveraged Loans, MarketAxess Olga Chernova, CIO & Portfolio Manager, Sancus Capital Management LP |
| 3:45pm |
Bespoke CLOs / Alternative CLO Structures
Moderator
Sean Malone, Senior Director Structured Credit, KBRA
Panelists
Jay Williams, Partner, DLA Piper LLP (US) John Kim, CEO/Chief Investment Officer, Panagram Michael McAdams, Chief Executive Officer, Pasadena Private Lending, LLC Harry Huang, Managing Director, Strategic Credit Products, SMBC |
| 4:30pm |
The Current State and Outlook for the CLO Market
Moderator
Amit Roy, Managing Director, Goldman Sachs
Panelists
Jane Lee, Senior Managing Director, Blackstone David Frey, Managing Director, Investment Partners, LLC Jim Stehli, Managing Director, Head of CLOs, Mizuho Securities USA Inc. Jian Hu, Managing Director, Moody's Investors Service Cyrus Moshiri, Director, New Mountain Capital Ronnie Jaber, Managing Director & Head of Structured Credit, Onex Credit Ujjaval Desai, Head of Structured Products Investing, Portfolio Manager, Sound Point Capital Management, LP |
| 5:30pm |
Networking Cocktail Reception Sponsored by: pwc |
| 7:30am |
Registration |
| 7:30am |
Continental Breakfast |
| 8:00am |
Track A: Co-Chair Welcoming Remarks Navneet Agarwal, Managing Director - Americas Structured Finance, Moody's Investors Service |
|
Track B: Co-Chair Welcoming Remarks Paul A. Burke, Managing Director, Head of Agency & Trust Sales - North America, Citibank, N.A. |
|
| 8:15am |
Track A: Investor Roundtable
Moderator
Sam Spackman, VP-Senior Analyst, Moody’s Investors Service
Panelists
Craig Reckin, Managing Director, Capital One Securities, Inc. Dan Wohlberg, Director, Eagle Point Credit Management LLC Patrick H Daugherty, Esq., President and Chief Investment Officer, Glacier Lake Capital Advisors Angela Best, Director, Structured Finance, MetLife Investments Aashh Parekh, Securitized Products Portfolio Manager, Nuveen |
|
Track B: How to Construct a CLO: Building a Portfolio and Negotiating Documents
Moderator
Mike Peterson, Founder, Dealscribe
Panelists
Rick Richert, Head of U.S. Par Loans, Sound Point Capital Management, LP Mia Qian, Associate Portfolio Manager, Brigade Capital Management Peter Sweeney, Director, Capital One John Murphy, Partner, DLA Piper |
|
| 9:00am |
Track A: CLO Equity
Moderator
Asif Khan, Managing Director, Head of CLOs, MUFG
Panelists
Benjamin Tyszka, Managing Director and Senior Analyst, Ares Management, L.P. Pratik Gupta, Head of CLO / RMBS Research, BofA Securities Leona Clague, Principal & Portfolio Manager, The Carlyle Group Shiloh Bates, Managing Director, Flat Rock Global, LLC Leonard Chung, Managing Director, Goldman Sachs Jared Axelrod, Associate, Milbank LLP Mike Pang, Principal and Portfolio Manager, Tetragon Credit Partners |
|
Track B: CLO Market in a Regulated Environment
Moderator
Jay Grushkin, Partner, Milbank LLP
Panelists
Macey Levington, Partner, Cleary Gottlieb Steen & Hamilton LLP Jacob B. Wentworth, Vice President and Corporate Counsel, PGIM Fixed Income Colleen Mattern, Director, PwC |
|
| 9:45am |
Track A: Issuer Roundtable
Moderator
Todd Duker, Vice President - Investment Banking - CLO Structuring, Goldman Sachs
Panelists
Jim Wiant, Partner, CEO, Capital Four US Jason Friedman, Partner, Marathon Asset Management Hans Christensen, Chief Executive Officer, Chief Investment Officer, Founder, MJX Asset Management Dan Sherry, Managing Director, Portfolio Manager, Leveraged Finance, PineBridge Investments Roberta Goss, Senior Managing Director, Pretium Partners, LLC Peter Polanskyj, Managing Director, Sculptor Capital Management |
|
Track B: ETF CLOs
Moderator
Andrew Jacobs, Head of Structured Finance, Trepp
Panelists
Peter Coppa, Managing Partner, Alternative Access Funds Nick Childs, CFA, Portfolio Manager, Janus Henderson Investors |
|
| 10:30am |
Networking Refreshment Break |
| 10:45am |
Track A: Four Seasons in CLO land – Fall/Winter Edition
Speakers
Thomas Majewski, Managing Partner, Eagle Point Credit Management LLC Serhan Secmen, Partner, Napier Park Global Capital Kashyap Arora, Co-CIO, Vibrant Capital Partners, Inc. |
|
Track B: State of the Art Discussion with CLO Industry Pros
Moderator
Vicki Marmorstein, Partner, Latham & Watkins LLP
Panelists
John Eanes, Co-Chief Executive Officer, Irradiant Partners Loris Nazarian, Managing Director, Morgan Stanley John Blaney, Managing Director, Park Avenue Institutional Advisers LLC Lanny Epperson, Senior Managing Director, Black Diamond Capital Management |
|
| 11:30am |
Track A: Middle Market CLOs
Moderator
Ramki Muthukrishnan, Senior Director and Analytical Manager-Leveraged Finance, S&P Global Ratings
Panelists
Patrick K. Wolfe, Managing Director, BlackRock Arlene Shaw, Managing Director, Treasurer, Brightwood Capital Advisors, LLC Kevin McLeod, Senior Managing Director, Cerberus Capital Management, L.P. Kelli Marti, Managing Director, CLO Portfolio Manager, Churchill Asset Management LLC Sean Malone, Senior Director Structured Credit, KBRA Christopher Gilbert, Managing Director, Natixis Daniel Oshinsky, Partner, Schulte Roth & Zabel LLP Daniel Strong, Executive Director, Structured Finance Group, SMBC Nikko Securities America, Inc. |
|
Track B: ESG CLOs – Investment Focus
Moderator
Kylie Duff, Executive Director, Head of US CLO Syndicate, Morgan Stanley
Panelists
Ami Dogra, Assistant Portfolio Manager, US, Capital Four Kevin M. Bloss, Associate General Counsel, CarVal Investors Curtis McLaughlin, Partner, EY Josh Eisenberger, Managing Director, Sculptor Capital Management |
|
| 12:15pm |
Networking Luncheon on the Pacific Lawn |
| 1:15pm |
Track A: Relative Value in the CLO Market
Moderator
Anusha Joly, Executive Director, J.P. Morgan Securities LLC
Panelists
Gabrielle Garcia, Vice President, Credit Suisse Amir Vardi, Managing Director, Credit Suisse Asset Management Nate Weber, Managing Director, Mizuho Securities USA Inc. Laila Kollmorgen, Managing Director, PineBridge Investments Vincent M. Ingato, Managing Director & Portfolio Manager | Leveraged Finance, |
|
Track B: Launching a CLO Platform
Moderator
Christine Ferris, Managing Director, J.P. Morgan Securities LLC
Panelists
Justin Driscoll, Chairman, Aquarian Credit Partners Sean M. Solis, Partner, Milbank LLP David Chow, Operations and Reporting, Nassau Corporate Credit James Damron, Senior Managing Director, CLO Management, PPM America, Inc. Neil Leshinsky, Director, PwC Heleen Brody, Director – Product Line Manager, Virtus, from FIS Paul Travers, Portfolio Manager, Sycamore Tree Capital Partners |
|
| 2:15pm |
Track A: CLO Technological Innovation: How Technology Will Upend the CLO Market
Moderator
Sean Kelley, Head of CLO Data Analytics and Research, U.S. Bank
Panelists
David Lazar, CFA, Product Manager, Public Credit, Allvue Sonal Patel, Structured Finance/Capital Markets (Issuer Services), Citi Faris Saah, Portfolio Manager, Exos Financial Tejs Broberg, CEO, FinDox Jill Scalisi, Chief Engagement Officer, KopenTech Bhargav Jani, Sr. Director, Moody’s Analytics Steve Hasnain, Managing Director, PineBridge Investments Paul Livanos, Managing Director, Head of US Sales, Virtus, from FIS |
|
Track B: Manager Screening and Evaluation – Comparing CLO Managers
Moderator
Paul A. Burke, Managing Director, Head of Agency & Trust Sales - North America, Citibank, N.A.
Panelists
Steven Abrahams, Senior Managing Director, Amherst Pierpont Mark Mahoney, President and Chief Investment Officer, Gulf Stream Asset Management Peter Sallerson, Senior Director, Moody’s Analytics Paul Nikodem, Managing Director Head of Securitized Products and Agency Mortgage Research, Nomura Securities International, Inc. Andy Ross, Senior Director, Investment Risk and Structured Products, Pacific Asset Management |
|
| 3:00pm |
Track A: Lurking Risks in Loan Documents: Aggressive Restructuring Tactics & CLOs
Moderator
Stephen Anderberg, Sector Lead, U.S. CLOs, S&P Global Ratings
Panelists
Lauren Fastiggi, Director, U.S. CLOs, S&P Global Ratings Steve Wilkinson, Senior Lead, Leveraged Finance & Recovery, S&P Global Ratings Bek Sunuu, Associate Director, Corporate Ratings-Leveraged Finance, S&P Global Ratings Sinjin Bowron, Portfolio Manager, Beach Point Capital Management Palak S. Pathak, CFA, Senior Vice President, The TCW Group Timothy Garry, Credit Analyst, Sancus Capital Management LP |
|
Track B: CLO Mezz Tranches / Opportunities and Relative Value
Moderator
Connor Buttner, Managing Director, Head of Client Success, KANERAI
Panelists
Dave Preston, Head of Structured Credit Research, AGL Credit Management LP Robert McMullen, Director, Amherst Pierpont Securities LLC Olive Bian, Lead CLO Research Analyst, Nomura |
|
| 3:45pm |
Networking Refreshment Break |
|
Track A: Secondary CLO Market
Moderator
Derek Miller, Managing Director, Fitch Ratings
Panelists
Nick Childs, CFA, Portfolio Manager, Janus Henderson Investors Joseph Guzzi, Managing Director, Jefferies LLC Jill Scalisi, Chief Engagement Officer, KopenTech John Wojciechowski, Vice President, Morgan Stanley Reggie Fernandez, Executive Director, Natixis Hong Zhao, Director, Societe Generale |
|
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Track B: ESG CLOs- Regulatory, Data & Analytics Focus
Moderator
Claire Bridcut, Associate, Milbank LLP
Panelists
David Lazar, CFA, Product Manager, Public Credit, Allvue Paul A. Burke, Managing Director, Head of Agency & Trust Sales - North America, Citibank, N.A. Jeff Kramer, Head of ESGx, FinDox Peter Sallerson, Senior Director, Moody’s Analytics Richard Peterson, Director, FIS Products - Credit Data, Analytics, ESG Investing, Virtus, from FIS Praveen Joseph, Head of US Securitized Credit Investments, World Bank Group (IFC Treasury) |
|
| 4:45pm |
Track A: Opportunities and Obstacles in the Global CLO Market
Moderator
Peter Connolly, Director, KBRA
Panelists
Sam DeRosa-Farag, Partner, Centennial3 Edward Dale, Portfolio Manager and Managing Director, HPS Investment Partners, LLC Timothy Ruxton, Director, Capital Markets, Vistra Steve Baker, CLO Primary, J.P. Morgan |
|
Track B: CRE CLOs
Moderator
Manish Rajguru, Portfolio Manager – CMBS, OFS Capital Management, LLC
Panelists
Douglas Armer, Executive Vice President, Capital Markets, and Treasurer, Blackstone Mortgage Trust Joelle Berlat, Tax Managing Director, Deloitte Tax LLP Deryk Meherik, Senior Vice President, Moody's Investors Service Peter Beer, Structured Credit Analyst & Co-Head of ESG, Payden & Rygel Michael Oliver, Vice President | New Business Development, U.S. Bank |
|
| 5:30pm |
Networking Cocktail Reception |
| 8:30am |
Continental Breakfast |
| 8:55am |
Co-Chair Welcoming Remarks |
| 9:00am |
Structural Evolution
Moderator
William van Hertsen, Founder & CEO, New Debt Exchange
Panelists
Lawrence Berkovich, Partner, Allen & Overy LLP David Schiffmann, Senior Vice President, Jefferies LLC Mussie Tizazu, Vice President, J.P. Morgan Securities LLC Mimi Eng, VP-Senior Analyst, Moody's Investors Service |
| 9:45am |
CLOS 2.0: Re-Pricings, Refinancings & Resets
Moderator
James A. Vogl, Head of Product, KopenTech
Panelists
Vincent Pompliano, Managing Director, CLO and Structured Products PM, Benefit Street Partners, LLC Jing Wu, Director, CLO Modeling, BlackRock Andrew Smith, Executive Director, Natixis |
| 10:30am |
Crystal Balling the CLO Market – what lies ahead
Moderator
Deborah Festa, Partner, Akin Gump Strauss Hauer & Feld LLP
Panelists
Magnus Wilson-Webb, Managing Director, BNY Mellon Jay Kozak, Associate, Cleary Gottlieb Steen & Hamilton LLP Jill Scalisi, Chief Engagement Officer, KopenTech Howard Cohen, Head of Leveraged Loans, MarketAxess Kareem Robinson, Co-Client Director – Capital Markets, Ocorian Alexander Gryb, Senior Portfolio Manager,Sancus Capital Management LP |
| 11:15am |
Conference Concludes |
| 12:00pm |
Golf Tournament – Monarch Beach Golf Links |
1 Monarch Beach Resort N, Dana Point, CA 92629
| The room block is currently sold out. |
|---|
| Please contact Joanna Puchalski to be put on the waitlist (jpuchalski@opalgroup.net). A list of recommended hotels* may be found below: |
| *Opal does not have a group rate or contracted block of rooms at these hotels. Please contact the properties direct for reservations. |
|
The Ranch at Laguna Beach 31106 S. Coast Highway Laguna Beach, CA 92651 Phone: 888.316.0959 |
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Montage Laguna Beach 30801 South Coast Highway Laguna Beach, CA 92651 Phone: 866.271.6953 |
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Surf & Sand Laguna Beach 1555 South Coast Highway Laguna Beach, CA 92651 Phone: 877.741.5908 |
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DoubleTree Suites by Hilton Hotel Doheny Beach 34402 Pacific Coast Hwy Dana Point, CA 92629 Phone: 949.661.1100 |
Registration Pricing
| Standard Rate | |
|---|---|
| Investor* | $795 |
| Issuer | $1,295 |
| Standard | $2,495 |
*Subject to Opal Group’s verification and approval.
- Investor Roundtable
- Evaluating Leveraged Loan Market Performance and Direction
- Issuer Roundtable
- How to Analyze Structural Features of a CLO
- Relative Value in the CLO Market
- CLO Managers Roundtable – State of the Art
- CLOS 2.0
- Best Practices-Operational Issues for Maintaining a CLO
- Opportunities and Obstacles in the European CLO Market
- CLO Hedges & Alternative Structures
- Researcher’s Roundtable
- The Current State and Outlook for the CLO Market
- How to Construct a CLO: Building a Portfolio and Negotiating Documents
- CLO Equity
- CLO Markets in a Regulated Environment
- CLO Mezz Tranches / Opportunities and Relative Value
- Secondary CLO Market
- Launching a CLO Platform
- Manager Screening and Evaluation
- Successful CLO Management
- Accounting and Tax
- Middle Market
- And more!
- Investment Banks
• Trustee, Administrators
• Law Firms
• Rating Agencies
• Family Offices
• Consultants
• Attorneys
• Accounting Firms
• Hedge Funds
• Issuers
• Service Providers
• Pension Plans
• Institutional Investors
• Insurance Companies
• Investment Managers
