Back to All Events

Private Credit Roundtable

  • RACV Club 501 Bourke Street Melbourne, VIC, 3000 Australia (map)
Private Credit.png

Thursday August 2  2018

Commences Thursday morning and concludes Thursday late afternoon

Melbourne, VIC

Private Credit has evolved into a mainstay strategic allocation for institutional investors, after the initial pullback by banks in corporate lending, particularly in Europe, created the opportunity for alternative lenders to opportunistically enter the space.

Institutional investors have been attracted to its illiquidity premium, allowing them to take advantage of their longer-term investment time horizons. However, this premium has been steadily eroded as increasing numbers of new managers have raised capital, with an increasing volume of dry powder likely to weigh down on future returns.

With value increasingly difficult to find, investors are becoming more conscious of tail risks and a downturn causing default stresses, and as such, are seeking to build more resilient portfolios that retain exposure to private credit, while providing protection from a potential market dislocation.

While the case for private credit remains intact, investors have grown increasingly cautious, with a host of issues complicating new investments:

  • How to assess and stress test new managers with limited track records and resourcing
  • Where to draw the line on deteriorating lending standards in a crowded market
  • How to stay invested through the cycle, and build portfolio resilience for the next market downturn
  • What should be the strategic asset allocation to private credit, and where value currently be found

CIE’s Private Credit Roundtable will facilitate an in-depth review and consideration of the issues and challenges currently facing this rapidly maturing asset class, and the strategies and opportunities currently available to deploy capital into.

Delivered in an interactive workshop format, practitioners will participate in an exchange of ideas between investment experts with practical experience in the asset class and industry peers responsible for private credit investments within their organisation, in pursuit of best practice management.

Earlier Event: July 25
Real Estate Forum 2018