Private Markets

This one-day programme will explain the role of the Private Markets in the modern portfolio providing participants with a working knowledge and practical understanding of the marketplace. During the sessions we will explore the range of different investment solutions across the risk return spectrums from Private Equity to Private Credit and Real Assets and the challenges of investing in this asset class.

Introduction to the Private Markets
Why Private Markets? – the role of the Private Markets in the modern portfolio
1. Differentiating between the Public and Private markets
2. A look at the returns and asset class correlations and returns
3. The potential premiums earned and understanding the illiquidity risks
Typology of investors and their priorities
4. What do investors want?

Fundamentals of Private Equity
What is Private Equity?
5. The different types of private equity transactions
Private equity fund structure and economics
6. The General Partner/Limited Partner relationship model and the fee structure
7. The life cycle of a primary trade – the flow of capital and the J curve
8. How secondary markets work
9. How private equity managers make money on deals – the fee structure
10. Risk analysis and mitigation, due diligence and manager selection

Fundamentals of Private Credit
What is Private Credit?
11. The investors’ perspective – the pros and cons
12. Typical features and opportunities across the market cycles
13. Understanding the capital structure and the risk/return dynamics
14. Capital return maximising and opportunistic strategies – distressed debt and special situations
15. Credit terms and legal documentation

Fundamentals of Real Estate
16. Investment characteristics of real estate
17. Commercial development vs. the residential markets
18. Direct vs. indirect investment channels
19. Sources of value – rental payments, pro-active management of yield movements
20. Correlation relationships with other asset classes
21. Real estate valuation – overview of the three valuation methodologies

Fundamentals of Infrastructure
22. Investment themes, sector exposure and Real Asset characteristics
23. How Real Assets can improve traditional portfolios
24. The case for using real assets to gain exposure to thematic, impact or green investments – the ESG perspectives