Day 1, Tuesday, May 3, 2022

Sponsor of the Day

09:00 - 09:15 AM (Room Meridian)

Opening remarks

 

Achim Pütz, Chairman, BAI e.V.

 

Moderation: Frank Dornseifer, Managing Director, BAI e.V.

 

09:15 - 10:00 AM (Room Meridian)

Key-Note Speech

In search of the perfect strategy

  • The perfect strategy: from penalty shots, through auctions on to war

  • Why irrationality rubs off

  • How market and decision architectures change behavior

Prof. Dr. Axel Ockenfels
Professor of Economics, University of Cologne, Director, Cologne Laboratory of Economic Research

10:00 - 10:30 AM (Room Meridian)

Member Slot 1

Private equity secondaries and co-investments: attractive portfolio management via access through (alternative) private structures. Disadvantages and problems

Edward Holdsworth, Managing Director, HarbourVest
Craig Mac Donald, Managing Director, HarbourVest

10:35 - 11:05 AM

Break Out Session I

Private Equity with Impact: Global Health
(Room Orient)

  • Is there a funding gap in health investments?
  • Which products/services combine both market demand and Impact?
  • Impact Management @ AXA IM

Jonathan Dean, Head of Impact Investing, AXA Investment Managers Alts

Opportunities in the global real estate market
(Room Okzident)

Tom Collier, Executive Vice President, Alternatives Strategist, PIMCO

 

Closed-end funds: advisory, management and contractual practice 2022 (in German)
(Room Mistral)

Uwe Bärenz, Partner, POELLATH
Dr. Jens Steinmüller, Partner, POELLATH

 

ESG in Alternative Investments - Interim Report of a KVG
(Room Meridian)

  • current trends in asset allocation of ESG-projects
  • regulatory treatment of ESG during fund setup
  • securing data for on-going administration 

Dr. Sofia Harrschar, Country Head Luxembourg and Head of Alternative Investments & Structuring, Universal Investment

 

11:05 - 11:35 AM

Coffee Break

11:35 - 12:20 PM (Room Meridian)

Members panel 1

Private Equity - opportunities for investors in a competitive market environment

  • PE portfolio construction from an institutional perspective: Which cornerstones should be set in the strategy and how often should they be adjusted?
  • Short-term vs. long-term opportunities and their inclusion in one's PE strategy - should one include a tactical allocation in the strategy?
  • Change in the PE industry in terms of geographic vs. sectoral positioning.
  • To what extent have venture and growth strategies received substantial consideration in today's portfolios?

Heiko Geissler, Managing Director, ARDIAN​​​​​​​
Ralph Guenther, Partner, Pantheon Ventures (UK) LLP
Britta Lindhorst, Managing Director, HQ Capital
Dr. Ralf D. Schnell, Managing Director, Siemens Fonds Invest GmbH

Moderation: María Sanz García, Member of the Board, YIELCO Investments AG

12:20 - 12:50 PM (Room Meridian)

Member slot 2

Debt: junior vs. senior and the attraction of investment strategies in search of yield in a competitive market environment.

  • Yields – How is the respective debt component remunerated?
  • Risk – What is the cost in yield looking at junior vs. senior?
  • Opportunities – Which opportunities and sectors are suitable for junior debt?

Thomas Bayerl, Leiter Illiquid Assets Debt, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

12:50 -02:00 PM

Lunch Break

sponsored by

02:00 - 02:30 PM

Break Out Session II

Cracking the Code of GP-Led Fees – An Interactive Detective Game
(Room Okzident)

  • GP-led secondaries introduce a new fee structure to the private equity model, which is different both from primary funds and from traditional LP-led secondaries.
  • We ask how the fees that an LP pays on GP-led secondaries compare to the fees they pay on primary funds.
  • We also explore how the answer changes with different fee levels and growth rates.

Avi Turetsky, Partner, Landmark Partners, an Ares company
Matthew Pyrz, Vice President, Landmark Partners, an Ares company

Private Debt and Impact Investing
(Room Orient)

  • Engaging with mid-market borrowers 
  • Sustainability-linked loans: a useful tool, a need for an ambitious standard 
  • Amundi approach of impact investing

Julien Paycha, Head of Corporate Private Debt, Amundi

 

Infrastructure / Renewable Energy Funds: New structuring options under the Fund Location Act (in German)
(Room Mistral)

Martin Hüwel, Partner, Luther Rechtsanwaltsgesellschaft mbH
Dr. Bela Jansen, Partner, Luther Rechtsanwaltsgesellschaft mbH

 

ESG in non-listed infrastructure investments: An asset owner's perspective
(Room Meridien)

  • Background and status quo
  • Challenges in practice
  • Case study and outlook

Christoph Gisler, Head of Infrastructure Equity and member of the Executive Board, Swiss Life Asset Managers

 

02:35 - 03:05 PM (Room Meridian)

Member slot 3

The universe of Credit Specialities: Systematic subdivision and classification of the Credit Specialities area

  • Market overview: terminology; size, evolution and drivers.
  • Implementation: Opportunities and Risks
  • Portfolio application / construction

Marc-André Mittermayer, Partner, Private Debt, StepStone Group

03:05 - 03:50 PM (Room Meridian)

Members Panel 2

Legal & regulation: The regulatory tsunami never ends

Lutz Boxberger, Managing Director, Golding Capital
Claude Niedner, Chairman, Arendt & Medernach
Felix von Bothmer, Head of Alternative & Structured Products, HSBC INKA

Moderation: Nic Müller, Co-Founder and CEO, Avega Capital Management S.A.

03:50 - 04:20 PM

Coffee Break

04:20 - 04:50 PM

Break Out Session III

Impact Investing: Private equity for the transformation of the global economy (in German) 
(Room Mistral)

  • Which sectors have the highest potential for generating both high impact and high returns?
  • How do impact, risks and returns differ between early and later-stage investments?
  • How will improved data on impact performance affect the industry?

Dr. Andreas Nilsson, Managing Director and Head of Impact, Golding Capital Partners 

LP Secondaries: Benefits of a pure play PE Strategy for investors (in German)
(Room Okzident)

  • Advantages of a pure play vs. a “commingled” strategy
  • Superior risk -return characteristics of a pure LP Secondary strategy
  • Faster deployment and attractive fee models

Oliver Gardey, Managing Director and Head of Private Equity Fund Investment, Intermediate Capital Group (ICG)

Risk or Opportunity - Real Estate Investments in Subsidised Housing in Germany (in German)
(Room Orient)

  • What do we mean by subsidised housing in Germany?
  • Can investors meet the E&S of ESG criteria and generate adequate returns by investing in subsidised housing?
  • What investment horizon should investors have, what investment vehicles exist and what distributions can be expected?

Sascha Schmidt, Managing Director and Head Fixed Income and FX, M.M.Warburg & CO
Christian A. Storck, MBA, LL.M., LL.M., Executive Director, M.M.Warburg & CO

How the rise of GP led transactions changes the private equity model as we know it and how investors can benefit from these trends
(Room Meridian

  • Private equity managers are increasingly using GP-led secondaries to manage their portfolios and offer
    new liquidity options to their LPs. They enable managers to take a longer term view on a company and
    in many cases substitute assets being sold from one GP to the next
  • GP-led secondaries are highly complex transactions, involving many different stakeholders. This creates an
    advantage for those investors who are already a primary or a co-investors in those assets
  • Those investors who can navigate the complexities in GP-led transactions are best positioned to generate
    alpha from their private asset portfolios

Christiaan van der Kam, Head of secondary investment program, Schroders Capital

 

04:55 - 05:40 PM (Room Meridian)

Key-note Speech

Climate Policy, Green Deal and the Intergovernmental Panel on Climate Change in Times of War

  • What are the costs of unabated climate change?   
  • What must we do now? Globally, in the EU, in Germany.   
  • Climate neutrality: a joint task

Prof. Dr. Ottmar Edenhofer, Technical University of Berlin, director and chief economist Potsdam Institute for Climate Impact Research (PIK), founding director Mercator Research Institute on Global Commons and Climate Change (MCC)

 

05:40 - 05:45 PM (Room Meridian)

Closing remarks

Frank Dornseifer, Managing Director, BAI e.V.

 

from 06:00 PM: Evening program (WesthafenPier)

6:00 - 8:30pm

Investors dinner (1. OG), sponsored by

 

During the dinner, the keynote speakers will be available for interesting discussions.

Closed Door Event: Free participation opportunity for all registered and admitted investors, i.e. pension funds, insurance companies, foundations, pension funds, single family and funds, single family offices, as well as a limited number of representatives of each of the Gold sponsors/the dinner sponsor. It is absolutely necessary to register and confirm in advance of the BAI office is required!

Dinner takes place in Westhafen Pier, 1st floor.

 

6:30pm - 00:30am

Evening event at WesthafenPier (ground floor) with buffet and drinks, sponsored by

 

8:45pm

Get-together speech "The limit is only me".
Jonas Deichmann, multiple world record holder and bestselling author

In a spectacular, multivisual show, Jonas tells of his great adventure, gives insight into his insight into his mindset and motivation, his goal setting and how he deals with setbacks. Jonas Deichmann is the only person to have set cycling records on all major continental crossings and circumnavigated the globe in triathlon. He is a multiple world record holder and best-selling author. Following his talk, Jonas will answer questions.

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