The 30th Annual LSEG LPC Middle Market & Large Corporate Loans Conference takes place in New York on Thursday November 7, 2024.
This must-attend, full-day conference will be held at etc.venues 360 Madison and will feature nine insightful sessions with industry experts discussing Large Corporate, Middle Market and Direct Lending.
Bankers, investors, borrowers and more will join us for discussions on the most important issues facing the loan market.
Don't miss out on THE conference for the US loan market. Book your place today.
AGENDA
08:00 Registration
08:40 Market Overview
- CJ Doherty - Director of Analysis, LSEG LPC
09:15 Private Equity Perspective: Financing Challenges and Opportunities
Sponsored by Kirkland & Ellis
- Brian Ford - Partner, Kirkland & Ellis (moderator)
- David Graham - Managing Director, Debt Capital Markets, Genstar Capital
- Tony Marsh - Managing Director, Chief Capital Markets Officer, TA Associates
- Richard Saum - Vice President, Capital Markets, Francisco Partners
- Drew Miller - Managing Director, AB Private Credit Investors
- What are the key challenges sponsor-backed borrowers are facing in the current macro environment? How have private equity firms best positioned their portfolio companies to minimize the impact of macro factors in the current downturn?
- How do you analyze financing opportunities in this high interest rate environment? How do you think about deal structures - bank v. bond v. private credit? In addition to price, what are key factors you consider when selecting a financing source?
- How has the renewed competition between the syndicated and private credit markets affected economics, structures and documentary terms?
- How receptive have direct lenders been to the new macro environment and pressure to portco’s models?
- Where do you see deal flow going in the next 6-12 months? What key themes are you watching in Q4 and into next year? What challenges and opportunities do you see ahead?
10:00 The Middle Market Bank Perspective
Sponsored by KeyBanc Capital Markets
- James Hussney - Managing Director, KeyBanc Capital Markets (moderator)
- John Timoney - Managing Director, Head of Direct Lending Syndications, MUFG
- Evolution of the middle market lender landscape
- Variety of bank strategies in navigating middle market
- Constituents shaping middle market credit
- Role of banks as middle market credit frontier expands
- Forging a path forward: Do banks and direct lenders stay the course or do paths diverge?
10:45 Morning break
11:15 Continuing Evolution of Private Equity Fund Asset Value Facilities
Sponsored by Davis Polk
- Meyer Dworkin - Partner, Davis Polk (moderator)
- What are the latest trends in PE NAV facility and collateral structuring?
- How can PE NAV financings help Sponsors in light of challenging market conditions?
- Who are the expanding universe of financing sources?
- What would a PE NAV Facility enforcement scenario entail?
- How have fund investors reacted to this form of financing?
12:00 Leveraged Financings - the Current State of Play
Sponsored by Ropes & Gray
- Andrea Hwang - Partner, Ropes & Gray (co-moderator)
- Arek Maczka - Partner, Ropes & Gray (co-moderator)
- Mark Hamilton - Principal, Head of Debt Capital Markets, Aquiline
- Janki Chudgar - Principal, Capital Markets, Advent International
- Alexander Gorokhovskiy - Managing Director, Head of North American Corporate Direct Lending and Venture Capital Debt, Deutsche Bank
- After the increased market volatility of 2022-2023, how did 2024 compare? Was deal-making driven by similar considerations as in recent years, or did new factors come into play?
- Are there provisions in loan documentation that have taken on increased importance to market participants?
- Looking forward, is 2025 expected to bring continuity or change to the debt capital markets?
12:45 Lunch
13:45 Direct Lending vs. BSL Execution: Upper Middle Market and Large Cap Winners in 2024 and Expectations for 2025
Sponsored by DLA Piper
- Alan Rockwell - Partner, DLA Piper (moderator)
- Jeff Bracchitta - Managing Director, Head of Direct Lending Origination, J.P. Morgan
- Jackson Merchant - Managing Director, Head of Leveraged Loan Capital Markets, Mizuho
- Kevin Pluff - Managing Director, Head of Capital Markets, HPS Investment Partners
- Jeff Cohen - Global Head of Leveraged Finance and Private Credit, Santander
- 2024 market drivers: What did the calendar among BSL and private credit lenders look like? How was lender execution impacted?
- What opportunities are in place for the rest of the year and looking ahead into 2025?
- Do developments in the M&A market favor one solution over the other?
- Which industry sectors favor one solution over the other? What considerations come into play?
- Competitive pressures amid increased fundraising by private credit lenders: What do they look like? What does it mean for new lending opportunities? Does increased competition drive better terms for borrowers?
- As competition increases, how are BSL and private credit lenders managing liability management transaction risks? Will there be an impact on future pricing? What are the implications for borrower/sponsor flexibility for future liability management?
14:30 US Economic Outlook
- Robert Sockin - Senior Global Economist, Citi
15:15 Afternoon break
15:30 CLO Market Outlook
Sponsored by: Scotiabank
- Brad Roberts - Managing Director and Co-Head, U.S. Structured Credit , Scotiabank (moderator)
- Amir Vardi – Head of Structured Credit, UBS AM
- Matthew Laurino – Managing Director, Blue Owl Capital
- Jason Choi – Portfolio Manager, BlackRock
- Chris Saltaformaggio – Senior Director, NYL Investors
- Chris Terry - Managing Director, AB Private Credit Investors
- How broader economic factors are influencing the rate of CLO issuance
- The strategies for identifying and engaging new AAA-rated investors worldwide
- What constitutes the optimal spread between Broadly Syndicated Loans (BSL) and middle market CLOs?
- Is the expansion of middle market CLOs is set to continue?
16:15 Leverage Finance Outlook - Large Corporate Syndicated Market
Sponsored by Latham & Watkins
- Jennifer B. Ezring - Partner, Latham & Watkins (moderator)
17:00 Drinks
- Access to ALL panels
- Buffet breakfast on arrival
- Lunch
- Access to the post-conference networking drinks
Alternatively, if you cannot make the conference but don't want to miss out on the exceptional networking opportunities that the event provides, a ticket to just the post-event networking drinks can be purchased for $195.
Don't miss out. Book your place today.
Please note that this event is closed to members of the press.
Event Details
Date: Thursday November 7, 2024
Time: 08:00 - 17:00 ET
Venue: etc.venues 360 Madison. 5th floor, 360 Madison Avenue, New York, NY 10017
Format: Full-day, in-person conference
Price: $595 for full-day ticket; $195 for post-conference networking drinks only. Book your tickets here.
Our sponsors:
