mallowstreet University: The London Growth & Alternatives Drive In

Speakers

• Marc Ciancimino, KKR

  Marc Ciancimino (London) joined KKR in 2008 and is the Head of European Private Debt. Prior to KKR he was with GSC Group in their European Mezzanine business where he was a managing director responsible for sourcing and evaluating middle and large market transactions. After spending several years in the Leveraged Finance Group of Bankers Trust, Mr. Ciancimino moved to the principal side in 1999 investing in European mezzanine for Prudential in London as an associate director. Mr. Ciancimino started his career in finance at Citibank. He holds degrees from Cambridge and London Universities.

• Douglas Watt, KKR

  Douglas Watt (London) joined KKR in 2011 and is Head of UK Institutional clients within the Client and Partner Group. Prior to joining KKR, Mr. Watt was with Goldman, Sachs & Co., most recently as part of the U.K. Institutional team at Goldman Sachs Asset Management. Previously, he worked at BNP Paribas in their equity derivatives team, and with PricewaterhouseCoopers in the Cayman Islands. He started his career with Arthur Andersen in Glasgow where he qualified as a Chartered Accountant. Mr. Watt holds a BAcc (Hons) in Accountancy and Marketing from Stirling University, and is a CFA Charterholder.

• Tomas Freyman, Lincoln International

  Tomas is a Managing Director in the Valuations & Opinions Group where he leads valuation and financial advisory assignments. Tomas’ valuations expertise is augmented by his corporate finance background and deep Energy and Infrastructure experience.

  Tomas has been performing valuations of illiquid financial instruments since 1999 across a broad range of industries and geographies. He has led 100+ engagements for developers, funds, utilities and corporates.

  Before joining Lincoln’s London office in 2016, Tomas was at BDO LLP where he established the firm’s valuation capability in the Renewable Energy sector. In his earlier career, Tomas was a member of the Infrastructure Advisory team at Ernst & Young LLP in London after spending 7 years in the Valuations team at PricewaterhouseCoopers LLP. 

• Andrew Robertson, Macquarie

  Andrew Robertson, Co-Head, Macquarie Infrastructure Debt Investment Solutions

  Andrew joined Macquarie in 2009 working on a range of structured products for the insurance and pension sectors before founding MIDIS in 2012. Prior to Macquarie, Andrew spent 4 years as a specialist consultant to the Australian life insurance and pensions industry. From 2000 to 2005 Andrew was an executive with McKinsey & Co where he led large projects working at senior levels of major international companies across various industries in the US, Asia Pacific and Australia.

• Tom Van Rijsewijk

  Tom Van Rijsewijk, Associate Director, Macquarie Infrastructure Debt Investment Solutions

  Tom joined MIDIS as an Investment Team lead in 2013. Prior to joining Macquarie, Tom worked at ING Bank, most recently as a Vice President in the Infrastructure Finance & Advisory team in London, and before that, Amsterdam. Prior that role Tom worked with ING Investment Management in New York.

Program

1. 8:30 AM Registration, Breakfast and Networking

2. 8:50 AM Welcome and Introductions

   Stuart Breyer, CEO mallowstreet

3. 9:00 AM Rotating Workshop I: Private Debt – it’s not just all about Direct Lending | KKR

   The ability of traditional providers of debt capital has been and will continue to be reduced over the next several years as a result of financial regulation and a changing lending landscape. While there has been much written about the opportunities for senior secured lending, there continues to be a growing opportunity in asset based lending (including aircraft, consumer finance, renewables and shipping); as well as more traditional mezzanine lending, particularly given tighter leveraged lending guidelines and more volatile liquid credit markets. In this session we will explain the evolution of these markets in recent years and highlight the current opportunities for investors.

4. 9:45 AM Rotating Workshop II: : Understanding the Valuation considerations of investing in Infrastructure assets | Lincoln International

   Valuations are often performed using well known valuation methodologies such as discounted cash flow or a variation of an earnings multiple. However, when it comes to valuing infrastructure, other metrics can provide additional useful insight into underlying value. Companies operating in regulated industries such as network utilities, airports, telecoms and roads can often be valued using a multiple based upon their Regulated Asset Base. When it comes to energy generating assets, MW and MWh multiples are an important cross-check to an income approach which relies largely on cost of capital. Tracking cost of capital (both unlevered and levered) is important across all infrastructure assets. These valuation topics and others close to your areas of interest will be discussed during our session.

5. 10:30 AM Morning Break

   Coffee, Tea and Networking

6. 10:45 AM Rotating Workshop III: The African Landscape | Stanlib

   This session will examine some of the opportunities and challenges with investing in listed and unlisted projects in Africa.

7. 11:30 AM Rotating Intensive Workshop IIII: Infrastructure Debt, The Opportunities

   In this session we will look at Inflation-Linked Infrastructure Debt; Unlocking the barriers to pension scheme investment

8. 12:15 PM Lunch and Networking

9. 1:00 PM End