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Details of Investment Masterclasses to be confirmed, please check back for updates.

Berenberg

Blue Owl

The Continued Growth of Direct Lending and Key Considerations for Institutional Investors

As private credit has grown in size and adoption since the global financial crisis, and more recently seen new entrants and heightened competition from the syndicated market, investors, and insurers in particular, need to navigate developments in the asset class as it matures. Blue Owl will explore the way in which direct lending gained a foothold in the levered corporate credit market, the manner in which different segments of private credit vary on a risk-reward basis, and recent media coverage of the asset class. The team will also address important investor considerations when building an allocation, such as deal sourcing, underwriting standards, document negotiation, ongoing portfolio monitoring and workout capabilities.

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives. With $192 billion in assets under management as of June 30, 2024, Blue Owl invests across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, the firm provides businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. Together with over 820 experienced professionals across more than 10 offices globally, Blue Owl brings the vision and discipline to create the exceptional.

Blue Owl's Credit platform is the firm's largest pillar with $95.1 billion in AUM as of June 30, 2024.Through its industry-leading direct lending business and complementary strategies, Blue Owl works closely with a broad range of private equity-backed and non-sponsored companies to originate, execute, and manage investments across various loan and equity-related instruments.

Blue Owl's second-largest core focus area is the Blue Owl GP Strategic Capital platform, with $57.8 billion in AUM. With extensive experience providing long-term minority equity and financing to private capital investment managers, Blue Owl has established itself as an innovator within the industry. The firm partners with alternative managers who want to add to their success and continue to be leaders in their space.

The firm's third main investment platform is Blue Owl Real Estate, with $39.2 billion in AUM. With a focus on structured sale-leaseback transactions and a range of competitive financing solutions, Blue Owl specializes in providing flexible capital to organizations across asset classes and geographies. Backed by expertise in investing across the entire capital stack, its proprietary origination platform and enhanced deal structures, Blue Owl aims to provide its partners with the certainty that they need and its investors with the confidence that they desire.

Please visit www.blueowl.com for more information.

GEMCORP Capital Management

A New Cycle in Commodities Credit? Generating Diversified and Differentiated Returns and Income from Commodities Credit and Trade Finance

We see the commodity credit sector heavily underinvested, under-allocated and under-supplied with capital. Providing credit to commodity related corporates and sovereigns can generate differentiated income uncorrelated to typical private credit sectors. Infrastructure, deglobalisation, and green capex could underpin a new commodity cycle driven by the demand of goods and materials necessary to meet the goals of these three trends. Gemcorp's multi-strategy approach in commodities, unlike traditional commodity strategies, does not rely on futures or take directional bets on physical commodities. Rather Gemcorp pursues a credit strategy that will benefit from a commodity uplift while providing a positive income stream.

About GEMCORP Capital Management

Gemcorp is an independent investment management firm based in London, regulated by the UK FCA, focused on global emerging markets and delivering both returns and targeting high-impact investments in EM priority sectors. Gemcorp Capital is truly embedded in the markets in which we serve and is 100% owned by the Gemcorp management team.

An ongoing key investment region for the firm has been Sub-Saharan Africa, which continues to be a focus area with our planned growth in the coming years, creating a critical collaborative gateway for other investment regions that we have identified. Over the past decade, we have financed more than $8 billion in private capital transactions across global EM – more than $6 billion of this has been into the African continent. We are currently in the launch phase of our 2nd vintage Gemcorp Fund II, a Private Debt Fund for global EM, leveraging our track record that we have built up since 2014 with Fund I. The targeted deal pipeline portfolio will include both mid-market corporate and sovereign borrowers. It is well-placed for the unique entry point in the private credit cycle driven by tighter USD liquidity, which has led to a re-pricing of EM assets, and geopolitical shifts, driving dislocations in public markets and trade flows. Private Debt as an asset class in Africa and global EM covers several sub-strategies, and we see increasingly attractive opportunities across both shorter-term structures (e.g. commodity trade finance) as well as longer-term lending driven by market demand and much-needed project finance in a number of relevant sectors. Fund II is aiming for a launch size of $150 million for H1 2024 through relationships with a number of institutional investors who see scope for the Fund’s strategic offering and low correlation to traditional DM strategies.

We are also increasingly active in the Middle East (with offices in the UAE), launching two funds in the ADGM and the Kingdom of Saudi Arabia to target growing opportunities in the private capital space; this includes both inward investment to the GCC region as well as fostering relationships with surrounding EM, including Africa. As a signatory of the UN PRI, ESG is integral to our research, investment, and risk management processes. Gemcorp Capital seeks to make a meaningful impact through our active investments and is committed to making continuous measurable contributions towards the UN Sustainable Development Goals.

Tokio Marine Asset Management

True Green Capital

Investment Opportunities in Distributed Solar Power Generation in the U.S. and Europe

Society is at the beginning of a generational revolution—the energy transition—as the global energy industry shifts from fossil-based systems of energy production and consumption, including oil, natural gas and coal, to renewable energy sources like wind and solar as well as batteries.

True Green Capital Management (“TGC”) estimates this represents a $2 trillion opportunity in the U.S., the UK, and the EU over the next decade. This revolution is fueled by three principal drivers: the attractive economics of solar and battery storage technology, the environmental crisis facing the planet, and the deregulation of the power industry in cohesion with the “democratization” of power generation.

These three drivers are creating a rapidly evolving market, with tremendous opportunity for participation and investment. In this master class, TGC will provide an overview of the market and make the case for distributed solar as a compelling investment opportunity providing cash flow with downside protection and upside potential.

About True Green Capital

True Green Capital Management LLC (“TGC”) is a specialized renewable energy infrastructure private equity firm based in Westport, Connecticut with an office in London, England and an investment focus in the U.S. and Europe.

The firm was founded in July 2011 and today is a 30-person organization and operating business, led by a team of professionals with a proven track record. From innovation to execution, we believe our competitive advantage is our deep experience and combination of skill sets across investing, financing, engineering & operations in the renewable sector.

We believe the next energy transition is underway, and that distributed power will be the way to power our world. We believe the continued increase of power prices, decreasing entry cost of distributed power generation technology and favorable regulatory environments in both the U.S. and Europe will continue to lead to compelling investment opportunities which provide a stable cash flow stream with low correlation to the broader markets.

TGC is currently focused on the approximately $1+ trillion distributed power generation market in the U.S. and the approximately $1+ trillion distributed market in Europe with an emphasis on the sub-utility scale solar power segment. Thanks to rapid advancements in technology, the cost of distributed power generation, including solar, is now on par with traditional electricity generation sources. In many U.S. states and key European jurisdictions, it represents one of the few sources of new power generation infrastructure that can be added to the power network quickly, reliably, and cost efficiently.

TGC has raised $1.2 billion of equity and ~$1.8 billion of investments across four funds including exited portfolios including 54 investments in 17 different U.S. states, the United Kingdom, and France.

It is our mission to bring to our limited partners investable opportunities in sustainable, distributed power generation.

SOFI by mallowstreet

mallowstreet Insurance Indaba 2024

Important

Delegates are expected to attend the full event. We do understand that this is a time commitment in diaries. Please do let us know if you need to step away for a call/meeting and we shall adjust your personal agenda.

Join us at the mallowstreet Insurance Indaba for an immersive day filled with knowledge-sharing and inspiration from top-notch industry experts. Gain invaluable insights into the latest trends, challenges, and innovations shaping the insurance landscape. Our carefully selected keynotes will provide you with a comprehensive overview of the industry's current state and its future trajectory.

Over the course of the day, we delve deeper into the realm of insurance investment with our exclusive masterclass sessions. Led by seasoned investment gurus, these interactive and intimate sessions will equip you with the tools and strategies necessary to navigate the market with confidence.

Interspersed with the masterclass sessions will be a series of keynote presentations from the voices that shape the insurance landscape. Our line up of industry titans will share their wisdom, experiences, and predictions, giving you a panoramic view of where the industry is heading. Learn from their successes, understand their challenges, and gain actionable insights that you can apply to your own endeavours.

This event is FREE to attend for investment decision makers and their advisers.

*An Indaba (pronounced in-dar-bah) is an important conference held by the izinDuna (principal people) of the Zulu or Xhosa people. The term comes from a Zulu language word meaning "business" or "matter".

At mallowstreet we adhere to a principles-based approach to ensure a meaningful and respectful experience for all attendees. We believe that upholding these principles will contribute to a thriving and inclusive professional environment. Please review our Code of Conduct here: Code of Conduct

Speakers

David Thompson
Chief Investment Officer, Zurich UK
David is Zurich Chief Investment Officer: UK. He is responsible for the Life Balance sheet, the P&C Balance Sheet and the UK Life discretionary managed unit linked policyholder investments totaling £25bn. David started his career as a fixed income trader at Lehman Brothers, and then moved into sales and sales management. David then moved to asset management focusing on insurance companies, before joining Zurich in 2019.
Chris Palmer
Chris is former Head of Illiquid Assets Origination at Phoenix Group plc, where he had prime responsibility for the deployment and economic returns of Phoenix Group’s private credit portfolios. Before that, he was an investment director at ReAssure, leading up to the acquisition of ReAssure by Phoenix for £3.25bn in 2020, and before that a trustee and chief investment officer of the company’s UK pension scheme.
At Phoenix, the Illiquid Assets Team originates, executes and has portfolio management responsibility for the Group’s investments in commercial real estate debt, ground rents, infrastructure debt, local authority funding, social housing, private placements and structured finance, including swap repacks. Assets are held in support of the heritage annuity and the open pensions businesses, including BPA. The portfolio has more than doubled in the last three years to £9bn and is expected to double again in the coming years.
Angel Kansagra
Head of ALM and Investment Solutions, Lloyd's of London
Angel heads the Asset Liability Management and Investment Solutions team at Lloyd's. He is responsible for investment strategy, asset allocation and investment risk. He also leads the design and implementation of investment solutions on the Lloyd's Investment Platform to provide customised solutions to insurers and capital providers in the Lloyd's market. Angel is a qualified actuary with experience across insurance and pension investment management, and equity research.

Program

8:30 AM Registration & Breakfast
9:00 AM Welcome Address and AI and its Impact on our Industry: Part 1

Dawid provides an overview of the conference, speakers, and key themes for the Indaba. Dawid will also lead a brief discussion about the potential for AI to radically disrupt and transform business interactions in our industry and further afield.

Speaker

Dawid Konotey-Ahulu CBE DL, Co-founder, mallowstreet
9:15 AM Fireside Chat with David Thompson

In this fireside chat, Zurich Insurance CIO David Thompson and Dawid Konotey-Ahulu will discuss the market conditions for insurance investors in 2025 and the potential macro impacts of the US elections. He'll also share his insights on sustainable and renewable investing with a key look at how the industry can strive to achieve better returns for stakeholders and the planet.

Speaker

David Thompson, Chief Investment Officer, Zurich UK
9:50 AM Session Transition
9:55 AM Investment Masterclass I

Delegates split into five Investment Masterclass sessions over the course of the Indaba.
10:35 AM Tea, Coffee, and Networking
10:50 AM Investment Masterclass II

Delegates split into five Investment Masterclass sessions over the course of the Indaba.
11:30 AM Session Transition
11:35 AM How Might the US Election Influence Portfolio Construction Going Into the End of this Year, into 2025 and Beyond

As 2024 draws to a close and the U.S. election looms, the outlook for the insurance investment market is becoming increasingly uncertain. Chris Palmer will share his expert analysis of how the markets have performed and provide valuable insights into the factors shaping investment performance in 2025.

Speaker

Chris Palmer
12:10 PM Session Transition
12:15 PM Investment Masterclass III

Delegates split into five Investment Masterclass sessions over the course of the Indaba.
12:55 PM Lunch and Networking
1:40 PM AI and its Impact on our Industry: Part 2

In this short session Dawid will use SOFI to demonstrate the extraordinary power of AI and will show how we can all harness it immediately for greater productivity and efficiency.

Speaker

Dawid Konotey-Ahulu CBE DL, Co-founder, mallowstreet
2:00 PM Insurance Investment Panel Discussion

Panellists:
Nenna Gilmour-Platt, Head of Investment Strategy, Just Group
Hayley Rees, Managing Director PIC Capital, Pension Insurance Corporation Limited
Hilkka Komulainen, Head of Responsible Investment, Aegon UK

Speaker

Chaired by Dawid Konotey-Ahulu CBE DL, Co-founder, mallowstreet
2:35 PM Session Transition
2:40 PM Investment Masterclass IV

Delegates split into five Investment Masterclass sessions over the course of the Indaba.
3:20 PM Tea, Coffee, and Networking
3:35 PM Investment Masterclass V

Delegates split into five Investment Masterclass sessions over the course of the Indaba.
4:15 PM Session Transition
4:20 PM Lloyd’s in 2035: How to Prepare for the Future

Lloyd’s marketplace is one of the world’s largest P&C insurance groups. This session discusses Lloyd’s initiatives to generate top quartile investment performance and enhance efficiency of investment operations over the next decade.

Speaker

Angel Kansagra, Head of ALM and Investment Solutions, Lloyd's of London International Group
4:55 PM Closing Remarks

Speaker

Dawid Konotey-Ahulu CBE DL, Co-founder, mallowstreet
5:05 PM Drinks and Networking
6:00 PM End

mallowstreet Insurance Indaba 2024

Important

Speakers

Program

8:30 AM Registration & Breakfast

9:00 AM Welcome Address and AI and its Impact on our Industry: Part 1

Speaker

9:15 AM Fireside Chat with David Thompson

Speaker

9:50 AM Session Transition

9:55 AM Investment Masterclass I

10:35 AM Tea, Coffee, and Networking

10:50 AM Investment Masterclass II

11:30 AM Session Transition

11:35 AM How Might the US Election Influence Portfolio Construction Going Into the End of this Year, into 2025 and Beyond

Speaker

12:10 PM Session Transition

12:15 PM Investment Masterclass III

12:55 PM Lunch and Networking

1:40 PM AI and its Impact on our Industry: Part 2

Speaker

2:00 PM Insurance Investment Panel Discussion

Speaker

2:35 PM Session Transition

2:40 PM Investment Masterclass IV

3:20 PM Tea, Coffee, and Networking

3:35 PM Investment Masterclass V

4:15 PM Session Transition

4:20 PM Lloyd’s in 2035: How to Prepare for the Future

Speaker

4:55 PM Closing Remarks

Speaker

5:05 PM Drinks and Networking

6:00 PM End