Against the iconic Eiffel Tower, symbolizing strength and resilience, IPEM Paris 2024 will gather industry leaders to dive deep, debate fiercely, and, most importantly, forge ahead with confidence!
Our Sponsors
Fireside Chat
If uncertainty was a watchword for 2023, investors have chosen resilience and cautious optimism to navigate the global investment landscape in 2024. LPs are forging a deeper focus on liquidity, revenue growth and margin expansion. They are presented with opportunities across a maturing private debt market, thriving secondaries market and infrastructure market with resilient cashflows and uncorrelated inflationary nature. Have challenging fundraising conditions provided the best time to diversify portfolio allocations? With deal volume shrinking, performance declining and valuations falling, where are the best opportunities?
| Speaker(s): |
| - Michael BRANDMEYER - Global Head and Chief Investment Officer External Investing Group (XIG) | GOLDMAN SACHS ALTERNATIVES |
| Moderator(s): |
| - Stephanie RADER - Global co-head Alternatives Capital Formation | GOLDMAN SACHS ALTERNATIVES |
Presentation
As some of Strategic Asset Allocation’s shortcomings become clearer, select global asset owners have begun experimenting and transitioning to a more holistic approach to building portfolios. Total Portfolio Approach, while more a “state of mind,” than a tangible linear process, can offer improvements in culture, competition for capital, governance, and investment outcomes. How should investment professionals assess its fit for their organization and where should they begin? CAIA Association, in partnership with NZ Super, Future Fund, GIC and CPP Investments, is proud to introduce a new seminal report on the subject.
| Speaker(s): |
| - Laura MERLINI - Managing Director, EMEA | CAIA ASSOCIATION |
Panel Session
Are LPs in the driving seat; has the balance of power shifted? Will LPs drive the conversation on fees, it is working in their favour? Are terms being led by the LPs vs the GP? Is governance in the spotlight? Are we in a new era, how will LPs work together to exercise their collective power? In this session LPs will share their experience and discuss whether the pendulum has shifted.
| Speaker(s): |
| - Wesley BRADLE - Senior Portfolio Manager, Private Equity | FLORIDA STATE BOARD OF ADMINISTRATION |
| - Sarah FARRELL - Managing Principal, Head of Private Equity Europe and Asia | ALLSTATE INVESTMENT MANAGEMENT |
| - Max KULHANEK - Senior Private Equity Portfolio Manager | UNIQA |
| - Garvan MCCARTHY - CIO EMEA and Asia | MERCER INVESTMENTS |
| Moderator(s): |
| - Abhishek GUPTA - Associate Director, Head of Product | SCIENTIFIC INFRA & PRIVATE ASSETS LTD |
Breakout Session
While private funds and their investors have enjoyed the fruits of a bull market, the recent spike in inflation and increasing interest rates are creating market volatility. This LP only session discus's portfolio construction challenges, asset allocation, diversification, investment pacing, and exposure management. What factor has had the most impact on portfolio risk and return in 2024? And how will private capital fit into asset owners’ global allocations in the future.
| Speaker(s): |
| - Edmondo BARLETTA - Partner & Head of Continental Europe | PARTNERS CAPITAL EUROPE SAS |
| - Rémi BERTELOOT - Managing Director - Head of Small Cap Funds Investments | BPIFRANCE |
| - Jeffrey MINDLIN - VP of Investments & Chief Investment Officer | ARIZONA STATE UNIVERSITY ENTERPRISE PARTNERS |
| - Fabio PARPAJOLA - Partner | FAMILY CUBE PARTNERS SCF SRL |
| Moderator(s): |
| - Laura MERLINI - Managing Director, EMEA | CAIA ASSOCIATION |
Breakout Session
Private markets have long been lauded for their potential to outperform other asset classes, but what does this reputation truly mean? This session will delve into whether research and real-world practice support this claim, while questioning if the industry needs to reassess its assumptions and adequately account for risk. Attendees will engage with innovative tools and methods designed to challenge conventional wisdom. This panel brings together LPs dedicated to scrutinizing and measuring private market performance, offering insights into their challenges and best practices.
| Speaker(s): |
| - Rune JEPSEN - Head of Europe | QIC |
| - Cyndi MOSQUERA - Associate Director | METLIFE INVESTMENT MANAGEMENT |
| - Roger VINCENT - Founder and CIO | SUMMATION CAPITAL |
| Moderator(s): |
| - Abhishek GUPTA - Associate Director, Head of Product | SCIENTIFIC INFRA & PRIVATE ASSETS LTD |
Breakout Session
Are we beginning to see the balancing of goals and returns in sustainable investing? Where are the success stories today? Is sustainability investing more than just ethos – and poised to grow even more and deliver expected returns? This session explores the role of private markets in building a robust, sustainable investment strategy.
| Speaker(s): |
| - Jean-François COPPENOLLE - Director of sustainable investment | ABEILLE ASSURANCES |
| - Greg SHELL - Head of Inclusive Growth Strategy Sustainable Investing | GOLDMAN SACHS ALTERNATIVES |
| - Matteo SQUILLONI - Head of Climate Transition - Equity Investments | EIF - EUROPEAN INVESTMENT FUND |
| Moderator(s): |
| - Katherine KUCHERENKO - Asset Owner Partnerships, Private Investments | APG ASSET MANAGEMENT |
Breakout Session
Markets experienced a liquidity crunch, in traditional alternatives-real estate, private equity and infrastructure. Are LPs viewing private equity secondaries as the golden key to liquidity? Are GP Led secondaries a new tool in the investor toolkit? How resilient will private debt prove to be moving into 2025? This session will tackle latest market developments and practices and foster LP debate!
| Speaker(s): |
| - Benjamin BAUMANN - Partner, Global Head of Secondaries, Mercer Investments | MERCER INVESTMENTS |
| - Jennifer CHOI - CEO | ILPA |
| - Joaquin RUIZ TARRE - Head of Secondaries | EIF - EUROPEAN INVESTMENT FUND |
| Moderator(s): |
| - Michael Oliver WEINBERG - Special Advisor | COLUMBIA BUSINESS SCHOOL |
Interactive debate in the room (slido polling)
LPs have fled to known names and stuck to larger funds, amidst a pullback in capital LPs, commitments. What is driving LP allocations in private markets? Which asset classes are attracting capital? Are we are seeing a reset, LPs pausing investments and going back to basics applying an investment discipline mindset? Will ideological flexibility and innovative value creation be a new chapter in the LP playbook? This interactive roundtable discussion will invite LPs to share their views on the market, where and why they are currently accelerating their private capital allocations – and where they are pausing.
| Speaker(s): |
| - Adeline LEMAIRE - Executive Director & Head of Funds Investments | BPIFRANCE |
| Moderator(s): |
| - Jennifer CHOI - CEO | ILPA |
The IPEM Lounge is open to all Exhibitors, Elite Pass holders and LP's
Kick off your meetings starting Monday, the 9th, in a relaxed and inviting atmosphere. Don't miss out on this great opportunity to connect and collaborate!
Join us for an exclusive lunch dedicated to our esteemed LPs, by invitation only.
Join us for the official opening party for IPEM Paris 2024!
Venue: Annette K
Open to all pass holders: Enjoy a complimentary first drink, followed by a cash bar until 10PM
Sponsored by
How do I get there?
> Port de Javel Bas, 75015 Paris
Metro line 8, Balard station and metro line 10, Javel station: 10mn walking distance
RER C, Pont du Garigliano station: 1mn walking distance
Public car parking nearby
> from the Palais des Congrès? To access shuttles, you will need to present your color-printed pass!
There will be a free shuttles service to Annette K, from 6:30 PM to 8 PM.
Shuttle service meeting point: entrance of Le Méridien Étoile Hotel
How do I leave Annette K? A taxi station is set up at the exit of the venue.
Welcome to IPEM Paris 2024, where we kick off a dynamic journey into private capital, forging ahead with investment confidence as we tackle key challenges and opportunities shaping our industry.
| Speaker(s): |
| - Antoine COLSON - CEO and Managing Partner | IPEM |
Interview
How is private equity positioned as an asset class today globally? How will recent vintages fare and is now a good time to invest given macro uncertainties? How will GPs differentiate themselves and continue to create value? What role do portfolio company employees and leadership play in this, and how do you forge the confidence and culture they need to drive success from within?
| Speaker(s): |
| - Mattia CAPRIOLI - Partner, Co-Head of European Private Equity | KKR |
| - Tara DAVIES - Partner, Co-Head of KKR EMEA and Co-Head of European Infrastructure | KKR |
| Moderator(s): |
| - Jan-Henrik FOERSTER - Deals Reporter (FIG/PE) | BLOOMBERG BUSINESS NEWS |
Presentation
In a challenging landscape of higher interest rates and macroeconomic pressures, private markets face both obstacles and opportunities. Despite these difficulties, strong mega trends—such as digitization, automation, new living, decarbonization, and sustainability—are shaping the future of investing. This new environment calls for a more hands-on, operational, and entrepreneurial approach from private capital investors to harness these transformative trends effectively.
| Speaker(s): |
| - Steffen MEISTER - Partner & Executive Chairman of Board of Directors | PARTNERS GROUP |
Panel Session
Global fragmentation has picked up pace as trade blocs form behind the world's two largest economies. But what does this mean for investors? Global supply chains suddenly look precarious; the fragile bonds of globalization have become more strained. The panel session takes a deep dive into how LPs are navigating and forging confidence in this environment. The build-up of a new dry powder record, sluggish dealmaking and lack of exit activity has all put a premium on liquidity. How are GPs managing the increased complexities in a rapidly changing world, whilst remaining agile, innovative and efficient?
| Speaker(s): |
| - Wesley BRADLE - Senior Portfolio Manager, Private Equity | FLORIDA STATE BOARD OF ADMINISTRATION |
| - Michael DORRELL - Chairman, CEO & Co-Founder | STONEPEAK |
| - Benoît DURTESTE - CEO & CIO | INTERMEDIATE CAPITAL GROUP |
| - Ivan VERCOUTERE - CIO & Managing Partner | LGT CAPITAL PARTNERS |
| Moderator(s): |
| - Bridget WALSH - Global Private Equity Leader | EY |
Interview
In an uncertain macro environment is it possible to remain committed to one's investment philosophy? Delivering superior investment results in an inefficient market is are builta built-on knowledge advantage, specialization, relentless skill and effort vs timing the market, do you agree? In this session our interviewee shares his experience of investing through cycles and remaining consistent and committed to an investment thesis.
| Speaker(s): |
| - Armen PANOSSIAN - Co-CEO and Head of Performing Credit and Portfolio Manager | OAKTREE CAPITAL MANAGEMENT |
| Moderator(s): |
| - Ben DUMMETT - Reporter | WALL STREET JOURNAL |
Panel Session
Diversification, discipline, and durability are these the secret ingredients to being a successful all-weather investor. How are today's investors contending with impacts from headwinds to topline real growth, margin compression, and a structurally higher cost of capital resulting from higher interest rates? The panel will share their experience and proven strategies on how investors reap the rewards of patient capital whilst pivoting towards an innovative investment approach?
| Speaker(s): |
| - Elif AKTUG - Managing Partner | PICTET |
| - Michael BRUUN - Global Head of Private Equity | GOLDMAN SACHS ALTERNATIVES |
| - Aaron SACK - Managing Director and Head of Capital Partners | MORGAN STANLEY INVESTMENT MANAGEMENT |
| - Nikos STATHOPOULOS - Chairman of Europe | BC PARTNERS |
| Moderator(s): |
| - Stéphane BARRET - Head of Private Capital Group & Global Head of TMT Sector | CREDIT AGRICOLE CIB |
Interview
A long-term asset class by essence, private equity is used to navigating through up and down cycles. Its roadmap has no reason to be bent by the political upheavals shaking up France. Given the challenges (decarbonation, IA, value sharing schemes, etc.) entrepreneurs face. PE firms should seize the opportunity to assert themselves as their most effective “sparring partner”. This session will go over the competitive advantages of France on the European scene and the need to give the market players stable and predictable business environment.
| Speaker(s): |
| - Bertrand RAMBAUD - Chairman | FRANCE INVEST |
| Moderator(s): |
| - Emmanuelle DUTEN - Events Manager | LES ECHOS CAPITAL FINANCE |
Interview
Today, private capital extends far beyond traditional private equity and is being used to help companies large and small achieve their business goals and manage challenging markets. Add to this how the New Economy growth agenda – whether in next-gen technology, infrastructure or energy transition – creates massive capex needs that are increasingly funded by long-term private capital. In this session, Apollo’s Head of Europe Rob Seminara will discuss how private capital is fuelling business in creative new ways while navigating macro headwinds, geopolitical uncertainty and changing market structure.
| Speaker(s): |
| - Robert SEMINARA - Senior Partner, Head of Europe & Head of European PE | APOLLO |
| Moderator(s): |
| - Silas BROWN - Reporter | BLOOMBERG NEWS - LONDRES |
Panel Session
This session delves into the exponential growth of the private credit market and answers questions on whether private credit is too good to be true? Favourable regulation and a "Goldilocks economy" turbocharged private credit forward to this point. Our panellists debate private credit markets status quo: will it be able to sustain its momentum, or will growth be undermined by competition, higher interest rates, and the threat of inflation? Are the risks from the private credit market being ‘dialled up’ by regulators? Primary credit markets: size, structure, pricing: what do LPs need and what can credit markets offer?
| Speaker(s): |
| - Becca DAVIS - Senior Investment Director | CAMBRIDGE ASSOCIATES |
| - Markus GEIGER - Head of Private Debt | ODDO BHF |
| - Greg OLAFSON - Global Head Private Credit | GOLDMAN SACHS ALTERNATIVES |
| - Taj SIDHU - Managing Director - Partner, Head of European and Asian Private Credit | THE CARLYLE GROUP |
| Moderator(s): |
| - Amelia WEITZMAN - Direct lending reporter | ION GROUP |
Panel Session
European mega-funds—vehicles of €1 billion or larger—secured record amounts of capital last year, according to Pitchbook. Macroeconomics headwinds pushed LPs toward established managers with proven track records over smaller funds. The result was fewer but larger fund closes. According to analysis, there is a record US$1.1 trillion of uninvested dry powder sitting in buyout funds, with buyout firms also holding a US$2.8 trillion worth of assets in portfolios. There is mounting LP pressure on managers to transact, has this been a factor in pockets of increased activity in 2024?
| Speaker(s): |
| - Maxim CREWE - Partner - Consumer | CINVEN |
| - Christian LUCAS - Managing Partner | SILVER LAKE |
| - Tristan TULLY - Managing Partner at Brookfield Private Equity | BROOKFIELD |
| - Michael WAND - Head of European Private Equity | CARLYLE |
| Moderator(s): |
| - Arash MASSOUDI - Corporate Finance & Deals Editor | FINANCIAL TIMES |
Panel Session
Climate investing is shaping up to be a generational opportunity. Are we seeing GPs adhere to best practices for ESG integration, measurement, and reporting? How are investors aligning their objectives with broader sustainability goals? Has the consensus of commitment to climate investing in Europe vs the US become polarised? Has climate and ESG become wholly politicised? Will climate investing be split between the believers and non-believers? Are we seeing carbon pricing consistently into asset valuations?
| Speaker(s): |
| - David BLOOD - Senior Partner | GENERATION INVESTMENT MANAGEMENT |
| - Reynir INDAHL - Founder & Managing Partner | SUMMA EQUITY |
| - Virginie MORGON - Founding Partner | ARDABELLE CAPITAL |
| - Nino TRONCHETTI PROVERA - Managing Partner & Founder | AMBIENTA |
| Moderator(s): |
| - Toby MITCHENALL - Senior Editor, ESG and Sustainability | PEI GROUP |
Fireside Chat
The session takes a deep dive into investing through cycles, the rise, the peak, the dipping and bottoming out stages. The secret to forging confidence an invest through cycles we will hear what principles the interviewee lives by when it comes to investing for the long-term and keeping investors on committed.
| Speaker(s): |
| - Mark BENEDETTI - Executive President, Co-Head of Secondaries & Primaries, Co-Head of Ardian US | ARDIAN |
| Moderator(s): |
| - Swetha GOPINATH - Private Equity Deals Reporter | BLOOMBERG NEWS - LONDRES |
Panel Session
The panellist share their thoughts on the role of private capital in the new era of capital formation and mega trends. How interest rates, valuations, leverage, liquidity, infrastructure and secondary funds made headlines news in 2024. What is the new value creation levers that GP need to add to their toolkit? Are LPs focused on building and sticking to existing relationships, if so, what can emerging managers do to catch their eye? Will sector specialist funds benefit from the mega trends: Low carbon economy and AI and digital transformation? What will different operating models, value creation playbooks look like in the future?
| Speaker(s): |
| - Gabriel CAILLAUX - Co-President, Head of Climate, Head of EMEA Business | GENERAL ATLANTIC |
| - Antoine FLAMARION - Co-Founder | TIKEHAU CAPITAL |
| - Avshalom KALICHSTEIN - Chief Executive Officer | HUNTER POINT CAPITAL |
| - Anthony TUTRONE - Global Head of NB Alternatives & Managing Director | NEUBERGER BERMAN |
| Moderator(s): |
| - Matthias PLOTZ - Reporter | REAL DEALS, THE DRAWDOWN |
Panel Session:
The intense flow of capital is over, VC who neglected their own investment philosophies are going back to basics and focusing on risk adjusted returns as well as intrinsic and extrinsic risk. Will the reset encourage healthier valuations and disciplined investors and industry as a whole? The session will discuss how demonstrating a path to profitability, first class team and solid internal process will be the key to securing returning capital from LPs who may look for new opportunities.
| Speaker(s): |
| - Pierre BAREL - Vice President EMEA investment team | FEDERATED HERMES PRIVATE MARKETS |
| - Christian RESCH - Global Head of Growth Equity | GOLDMAN SACHS ALTERNATIVES |
| - Guillaume VITRICH - Partner | WHITE & CASE |
| Moderator(s): |
| - Nalin PATEL - Lead Analyst, EMEA Private Capital | PITCHBOOK |
Panel Session
Fragmentation, market concentration, and new competitors—can make the growth equity market challenging and complex. Will LPs need to adopt a differentiated approach to understanding the market dynamics for different technology and software subsegments? Will opportunities in more mature industries and taking a speculative approach to less mature sectors be a winning strategy? This session will look at how can investors identify companies that the market has not yet fully recognized with solid competitive structures and with a potential for structural growth of profits and cash flows that is above average.
| Speaker(s): |
| - Keith DAVIDSON - Partner | SCOTTISH EQUITY PARTNERS |
| - Rory DEVLIN - Founder and Managing Partner | COLUMNA CAPITAL |
| - Xavier LAZARUS - Partner | ELAIA |
| - Alessandro SCORTECCI - Head of Strategy & Business Development | CDP VENTURE CAPITAL |
| Moderator(s): |
| - Pierre BAREL - Vice President EMEA investment team | FEDERATED HERMES PRIVATE MARKETS |
Panel Session
What question do investors need to be asking, how will AI affect our portfolio companies? Which business models will change, and what new opportunities will present themselves? How do we adjust diligence criteria for future investments? Are there ways we should deploy generative AI to improve our own internal operations? Act wisely Generative AI is poised to become a transformative technology. The panellists discuss how VC investing needs to ensure that this money is being deployed in a responsible way, is the industry fulfilling its duty?
| Speaker(s): |
| - Shira ETING - Partner | VINTAGE INVESTMENT PARTNERS |
| - Hala FADEL - Managing Partner - Growth | EURAZEO |
| - Damien HENAULT - Managing Director | FORGEPOINT CAPITAL |
| - Romain STOKES - VP | QUADRILLE CAPITAL |
| Moderator(s): |
| - Clara HAINSDORF - Partner, Paris Intellectual Property & Information Technology Department | WHITE & CASE |
Panel Session
How are LPs assessing risk in key enabling technologies? What are the bottle necks that investors are facing in DeepTech? Will high credit risk be an ongoing challenge for DeepTech? Is Europe well-positioned to address massive disruption across hardware process, quantum computing, as well as some climate tech-hydrogen and carbon removal, capture and storage and nuclear processes? The panel share their views on the future of Deep tech investing in asset allocator portfolio and debate whether it is becoming a mainstream destination for corporate, venture capital, sovereign wealth, and private equity funds.
| Speaker(s): |
| - Kirsten CONNELL - Pre Seed-Investor | OCTOPUS INVESTMENTS |
| - Michel DE LEMPDES - Partner, Head of Venture Capital | OMNES |
| - Andrea HAJDU-HOWE - Global Partner, Co-Head of Capital | ANTLER |
| - Nicolas ROSE - Partner | XANGE |
| Moderator(s): |
| - Henry DE BENNETOT - EMEA Lead, Private Equity Partnerships | GOOGLE CLOUD, PRIVATE EQUITY & VENTURE CAPITAL |
Wrap time and potential Q&A
| Speaker(s): |
| - Rory DEVLIN - Founder and Managing Partner | COLUMNA CAPITAL |
Panel Session
Infrastructure assets provided both a downside cushion in uncertain economic times and a risk-mitigated, collateral-based way to buy exposure to secular trends with high growth potential. The panellists discuss which asset classes were trailblazers in 2024? Did decarbonization and social infrastructure emerge as winners? Will longer-term secular trends such as the energy transition and digitalisation shape investment opportunities in 2024 and beyond? Will the complexity of the outlook play to the strengths of infrastructure investors who can navigate the opportunities and risks in their preferred market segments?
| Speaker(s): |
| - Laurent CHATELIN - Partner Infrastructure | EURAZEO |
| - Guillaume FAROUX - Investment director and Partner | VAUBAN INFRASTRUCTURE PARTNERS |
| - Julien GAILLETON - Principal - Infrastructure Equity | AXA INVESTMENT MANAGERS |
| Moderator(s): |
| - Alexis HOJABR - Partner | WHITE & CASE |
Panel Session
How to reconcile investments in digital infrastructure with climate transition? AI and digital concentrate significant resources – energy and water mainly – and funds. As institutional investors heavily invest in AI and digital, are those investments and climate solutions mutually exclusive? To what extent can effective climate response benefit from AI's potential?
| Speaker(s): |
| - Gonzague BOUTRY - Managing Director, Digital Infrastructure - Infrastructure | ARDIAN |
| - Christoph BRUGUIER - Senior Investment Director - Partner | VAUBAN INFRASTRUCTURE PARTNERS |
| - Hamish LEA-WILSON - Head of Europe | IGNEO INFRASTRUCTURE PARTNERS |
| Moderator(s): |
| - Julien BAUDINAUD - Director | ACCURACY |
Panel Session
The panel compares the risk/returns profiles of Core, Core-plus and Value-add infrastructure. How is investment approach changing from an investor perspective? In terms of a return profile, what was acceptable 4 years ago, is no longer acceptable. How are GPs addressing this scenario?
| Speaker(s): |
| - Maria AGUILAR-WITTMANN - Co-Head of Infrastructure & Co-Investments | ALLIANZ CAPITAL PARTNERS |
| - Frank AMBERG - Managing Director and Head of Infrastructure Germany | ALTAMAR PRIVATE EQUITY |
| - Ethan LEVINE - Managing Director | CF PRIVATE EQUITY |
| Moderator(s): |
| - Charlie GARROOD - Global Head of Infrastructure M&A and Transaction Solutions | AON M&A AND TRANSACTION SOLUTIONS |
Panel Session
While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with singular investment focus. Is the industry seeing an increase in specialist funds and growing expertise from GPs outperform generalist in the past few years? Are niche funds delivering portfolio “edge” created by sector and strategy diversification? Are specialist funds driving infra mid-market LPs highest investment convictions? Whilst critical minerals are at the heart of
infrazstructure, energy transition and transport electrification, yet is massively overlooked opportunity by investors. What do specialised funds need to do to change the perception of the asset class?
| Speaker(s): |
| - Joaquin CAMACHO - CEO and Founding Partner | SERENA INDUSTRIAL PARTNERS |
| - Melissa COHEN - Partner - Infrastructure | EURAZEO |
| - Jérôme DUTHU-BENGTZON - Partner | PANTHEON |
| - Ville POUKKA - Managing Partner | CAPMAN |
| Moderator(s): |
| - Henry SMITH - Partner | CONTROL RISKS |
Panel Session
10 minute discussion with 5 minute networking break.
This is the first year that IPEM hosts the emerging manager pitch fest, but we have been long term supporters of first-time managers and have been building relationships and connections between LPs and emerging managers.
In 2024 fundraising has been difficult and slow, but it is significantly more challenging for emerging managers. The bar for success is higher than ever in today’s market dynamics- valuation uncertainty, LP overallocation and aggressive competition from the established firms raising more products. The challenge of choice has never been tougher for allocators and for GPs looking to stand out; it takes time and a big focus on relationship building.
Gaining the confidence of risk-averse LPs requires extra diligence and the ability to showcase track record but also optimising your choices to be “LP-friendly” and tax favourable and being intentional about creating a LP network and audience.
| Speaker(s): |
| - Imène MAHARZI - Senior Advisor | INDEFI |
| - Conor SMYTH - CEO | TRITONLAKE |
Pitch fest 1: Venture Capital
| Speaker(s): |
| - Sarah ANTOR - Managing Partner | HELENA CAPITAL |
| - David DANA - Head of VC Investments | EIF - EUROPEAN INVESTMENT FUND |
| - Sebastian HARLANDER - Investment Manager | KFW CAPITAL |
| - Christian JOLCK - Co-Founder and General Partner | 2150 |
| - Gautier ROUSSEAU - CIO | AMUNDSEN IM |
| Moderator(s): |
| - Imène MAHARZI - Senior Advisor | INDEFI |
Pitch fest 2: Private Equity
| Speaker(s): |
| - Christophe GEGOUT - Managing Partner | YOTTA CAPITAL |
| - Tracey HUGGETT - Managing Partner | FUTURE BUSINESS PARTNERSHIP |
| - Tomas HVAMB - Managing Partner | HAVN CAPITAL |
| - Eneasz KADZIELA - Deputy CIO & Head of Private Equity | NYC RETIREMENT SYSTEMS |
| - Christophe LENOUVEL - Founder | SOLVO CAPITAL |
| - Kim POCHON - Principal & Global Head of Primary Investments | UNIGESTION |
| - Sarah STEIN - Head of Transaction Services | EIF - EUROPEAN INVESTMENT FUND |
| - Jonathan TUBIANA - Managing Director | ABBOTT CAPITAL MANAGEMENT |
| Moderator(s): |
| - Conor SMYTH - CEO | TRITONLAKE |
Panel Session
Has impact investing matured gradually from a niche concept to a mainstream investment strategy? Is it becoming a must have, are LPs asking for data and materiality? Are we seeing the convergence between climate risk analysis and traditional invest risk analysis? This session explores the complex relationship of impact outcomes and investment returns.
| Speaker(s): |
| - Eric ARCHAMBEAU - Co-Founder & Partner | ASTANOR |
| - William ORUM - Partner and Investment Committee Member | CAPRICORN INVESTMENT GROUP |
| - Emmanuel PARMENTIER - Managing Partner | INDEFI |
| Moderator(s): |
| - Balthazar SCHLUMBERGER - CEO | SIMPL |
Panel Session
What are the systemic risks and opportunities for the impact investing market? What sectors are getting funding, and which aren’t? Is the age of the generalists over, and will we only see more specialisation in the market? Inclusionary Impact Investing vs Exclusionary Impact Investing who's winning?
| Speaker(s): |
| - Mathieu CORNIETI - CEO | IMPACT PARTNERS |
| - Paul LAMACRAFT - Head of Sustainability & Impact, Private Equity | SCHRODERS CAPITAL |
| - Alexandre MARTIN-MIN - Head of Natural Capital & Impact Investment | AXA INVESTMENT MANAGERS |
| - Alexandre OUIMET-STORRS - Investment Director - Plastic Circularity Fund | LOMBARD ODIER INVESTMENT MANAGERS |
| Moderator(s): |
| - Imène MAHARZI - Senior Advisor | INDEFI |
Panel Session
Are GPs focusing on comprehensive impact assessment frameworks when pitching impact strategies to investors but focusing less on action and quantifying their intentionality? What are the allocation preferences of LPs in 2024 and beyond? How are allocators filtering managers? What happens to carried interest if a goal has not been met during a year in the lifecycle of an impact fund? How influential are impact labels, articles 8 or 9 classification, SDG meeting criteria or thematic buckets in the investment decision?
| Speaker(s): |
| - Yohan HILL - Director of ESG and Responsible Investing | ADAMS STREET PARTNERS |
| - Leslie KAPIN - Partner, Director of Impact | ASTANOR |
| - Francis QUINT - Global Head Rabo Investments | RABOBANK GROUP |
| Moderator(s): |
| - Camille BUEWAERT - Head of ESG Programs | INSTITUT DE LA FINANCE DURABLE |
Panel Session
Impact investing was probably pioneered first in emerging markets; what lessons can investors learn from it? Has impact been delivered alongside financial return? Did some approaches or segments deliver better than others? Which regions have attracted LP capital? Which asset classes have seen the most growth in emerging markets?
| Speaker(s): |
| - Nicolas CELIER - President | RING CAPITAL |
| - Victoria MILES - Founding Partner, Co-CEO and CIO | IMPACTA GLOBAL |
| - Radhika SHROFF - Managing Director on the Private Equity Impact Team | NUVEEN |
| Moderator(s): |
| - Krisztina TORA - Chief Market Development Officer | GSG IMPACT |
Panel Session
Though the lack of investment in education remains an issue, there are pockets of promise – especially as impact investing is gradually gaining momentum. Social challenges are also visible everywhere, in developed and emerging markets alike. The panel session looks at if private capital well positioned to fix them and shares compelling examples – and how did they deliver on expectations?
| Speaker(s): |
| - Laurence MEHAIGNERIE - Co-Founder & Partner | CITIZEN CAPITAL |
| - Marc ROMANO - Head of Impact Private Equity | MIROVA |
| - Balthazar SCHLUMBERGER - CEO | SIMPL |
| - Danny VROEGOP - Co-Founder & CIO | COLESCO |
| Moderator(s): |
| - Charlotte SALMON - Principal | INDEFI |
Panel Session
The panellists discuss what the biggest challenges are when developing digital infrastructure projects? How is the increased competition for digital infrastructure assets impacting the investment approach? How big is the future growth of datacentres and smart grids sector? How are market players addressing an increased demand for power? Has the voracious demand for capital to finance digital infrastructure growth projects—particularly greenfield data canters and fibre buildouts, attracted a broad suite of investors? Will infra debt funds continue to lead the financing of this asset class?
| Speaker(s): |
| - Coralie DURBEC - Investment Director | INFRAVIA CAPITAL PARTNERS |
| - Matt EVANS - Head of Europe | DIGITALBRIDGE |
| - Julien GAILLETON - Principal - Infrastructure Equity | AXA INVESTMENT MANAGERS |
| Moderator(s): |
| - Martin TORNBERG - Head of Private Markets | CONTROL RISKS |
Panel Session
Are PPPs still an answer for social infrastructure? From healthcare and social assets: where do we find the most attractive returns? Assessing blurred lines between social infrastructure and real estate. Which asset class does social infrastructure belong to?
| Speaker(s): |
| - Sacha KAMP - Managing Director, Head of Debt Investment Team | INFRANITY |
| - Olaf NORDMEYER - Partner & Co-Founder | VESPER INFRASTRUCTURE PARTNERS |
| - Alberto PONTI - Senior Partner Head of Strategy & Business Development | F2I |
| Moderator(s): |
| - Peter DILLON - Director | AON M&A AND TRANSACTION SOLUTIONS |
Panel Session
Have renewable energy and infrastructure have converged to a point where they have become synergetic? The panellists discuss if investing in renewable infra offer investors diversification and risk reduction of the overall portfolio, stability of distributions, inflation protection and low volatility?
| Speaker(s): |
| - Prune DES ROCHES - Partner | ANDERA PARTNERS |
| - Matt EDGAR - Senior Managing Director | MACQUARIE ASSET MANAGEMENT - GREEN INVESTMENTS |
| - Nicolas ROCHON - Founder & President | RGREEN INVEST |
| - Pieter WELMAN - Head of Global Infrastructure | BARINGS |
| Moderator(s): |
| - Xavier PETET - Partner | WHITE & CASE |
Panel Session
Are investors waiting for the emergence of long-duration energy storage technologies to support the widescale deployment of renewable energy sources? When is it Long-duration storage “going to happen” and what does the government need to do to make it happen? Are private markets filling the finance gap? Will we see a growth in PPA?
| Speaker(s): |
| - Adam FISHER - Managing Director | APPIAN CAPITAL ADVISORY |
| - Andrew GILBERT - Partner | ECP |
| - Niels HOLST - Partner in Growth Markets Funds | COPENHAGEN INFRASTRUCTURE PARTNERS |
| - Werner KERSCHL - Executive Director | IFM INVESTORS |
| - Barry LYNCH - Partner, Head of Operations Energy Infrastructure | ACTIS |
| Moderator(s): |
| - Delphine SZTERMER - Partner | ACCURACY |
Panel Session
The golden age of the leveraged age took place in 1980s when players like KKR and Milken engineered large LBOs . Consolidation or ‘buy and build’ investment strategy, which sought to combine the best of venture investing with the best of leveraged buyouts by investing in a ‘platform ‘businesses. Ever since the dot-com-crash and subsequent recession 200-2002 investors disillusioned with stocks started pouring their money into tangible assets, mostly real estate. Fast forwarding present day most common private equity strategies are –VC, growth capital, LBO, private credit strategies, distressed and special situations, real estate, infrastructure, secondaries and impact investing have largely been born in the USA.
| Speaker(s): |
| - Michael CHOE - Managing Director and CEO | CHARLESBANK CAPITAL PARTNERS |
| - Joshua NELSON - Head of Healthcare | THL |
| Moderator(s): |
| - Rachel MCGOVERN - Europe Editor, KBRA DLD | KBRA DLD, A DIVISION OF KBRA ANALYTICS |
Panel Session
North America-focused mid-market funds amassed an aggregate of $44 billion in 2024, according to Preqin data. Despite sitting on unprecedented capital, investors remained cautious, awaiting reductions in asset valuations to reflect cooler demand and tighter financing Has US deal sourcing been interconnected to macro trends? Has sector specialization become a key consideration in manager selection? With credit continuing to be expensive, will investors need to be creative, focusing on smaller deals or minority investments, and potentially increasing equity checks? Has 2024 been the year of carve-out investors? Has value creation been bought to the fore?
| Speaker(s): |
| - Joshua BLAINE - Senior Managing Director & Head of GP Stakes, Blackstone Strategic Partners | BLACKSTONE GROUP |
| - John MERRILL - Partner | GROVE STREET ADVISORS |
| - Claire NGO - Advisory Director | TEMASEK |
| Moderator(s): |
| - Laura MERLINI - Managing Director, EMEA | CAIA ASSOCIATION |
Panel Session
How has the competitiveness of the mid-market evolved over the last 12 months in the US? Currently, where are the main pockets of opportunity in the mid-market? How will M&A activity contribute to the growth of the mid-market? How does the risk/return profile differ when comparing the upper and lower segments?
| Speaker(s): |
| - Gary BINNING - Founding Managing Partner | DOMINUS CAPITAL |
| - Christopher KERSEY - Founding Managing Partner | HAVENCREST CAPITAL MANAGEMENT |
| - Rocio HERES - Partner | ALTAMAR PRIVATE EQUITY |
| - Nicholas MCGRANE - Head of Post Acquisition, North America Private Equity | INVESTCORP |
| Moderator(s): |
| - Michael SHEDOSKY - Co-CIO | AZIMUT ALTERNATIVE CAPITAL PARTNERS |
Panel Session
The panellists discuss the impact of high borrowing costs and shrinking net interest margins: how is the middle market faring? Where are we in the credit cycle? How might portfolios withstand a downturn? What are some of the biggest challenges being faced by private credit funds currently? How much of a role will private credit continue to play in financing the middle market once rates normalize and public markets rebound? Is the mid-market more vulnerable to increasing portfolio stress?
| Speaker(s): |
| - Michael GROSS - Co-Founder | SLR CAPITAL PARTNERS |
| - Lee LANDRUM - Partner | COMVEST PARTNERS |
| - Marta STOJANOVA - Director, Leveraged Finance | S&P GLOBAL RATINGS |
| Moderator(s): |
| - Jonathan COSTELLO - Managing Partner | DEVON PARK ADVISORS |
Join us for an engaging discussion on the approach LPs should expect GPs to take in managing cyber risk within their investments. This session will delve into strategies and best practices for cybersecurity risk management in portfolio companies.
The video game market in France reached 6 billion euros in 2023. The dynamism of the French industry is undeniable, with both productions and studios gaining international recognition. Nicolas Cannasse, CEO of Shiro Games, will discuss the stages of their historic fundraising completed in 2022, alongside Nicolas Viénot, partner at Alloy Technology Partners
| Speaker(s): |
| - Nicolas CANNASSE - CEO & Creative Director | SHIRO GAMES |
| - Nicolas VIÉNOT - Partner | ALLOY TECHNOLOGY PARTNERS |
| Moderator(s): |
| - Nicolas GODEMENT - MD Twin Sails ; VP Financing SNJV | ASMODEE |
Growing interest and innovation in private markets has seen the introduction of new fund structures. This short workshop will focus on semi-liquid funds, present their benefits and challenges, how they compare to traditional closed-end counterparts, their role in the portfolio and current relevance in the market and, finally, we will highlight current evergreen opportunities.
StepStone Group is a global private markets investment firm with $678 billion of total capital across private equity, infrastructure, private debt and real estate, including $157 billion of assets under management.
| Speaker(s): |
| - Michael ELIO - Partner | STEPSTONE GROUP |
“ETFs are step one in the technological revolution in the financial markets… step two is going to be the tokenization of every financial asset” - Larry Fink, Blackrock
Following the approval of Bitcoin ETFs and mounting institutional adoption (Blackrock, Fidelity, Goldman Sachs), many investors are wondering how to approach crypto and digital assets in their alternative portfolios. At this IPEM breakout session hosted by Cathay Innovation (one of the largest multi-stage VC funds in France and one of the only funds authorized to invest in tokens), investors will have the opportunity to learn everything they need to know about this emerging asset class and how best to integrate it into a diversified alternative investment portfolio.
Digital assets are not a taboo anymore. The biggest financial institutions are providing services and exposure to this new asset class. What are the opportunities and risks today ?
The Industry & Ecological Transition Commission of France Invest invites you to its next conference on the presentation of the Cleantech Fundraising Barometer for the First Half of 2024.
| Speaker(s): |
| - Simon PONROY - Directeur des études économiques et statistiques | FRANCE INVEST |
Join us for a thought-provoking discussion where industry leaders delve into innovative strategies for financing buyouts and mergers in a volatile market. This session will spotlight how mid-market private equity funds and STNL are capitalizing on underutilized strategies to de-risk leverage profiles of portfolio companies and finance acquisitions despite elevated interest rates. The panel will share how sponsors can increase EBITDA through strategic lease restructuring, optimize financing, and unlock real estate value beyond what is on the balance sheet. STNL Advisors, a global leader in real estate advisory, will provide actionable insights and discuss real life examples of ways in which sponsors are actively engaging in these strategies to outpace their peers.
| Speaker(s): |
| - Glen KUNOFSKY - Founder & CEO | STNL ADVISORS |
| - Brian MANSOURI - Chief Investment Officer | SECURE PROPERTIES |
| - Madison O'CONNOR - Managing Director | STNL ADVISORS |
The world of investing is evolving at an unprecedented pace, and Generative AI is the catalyst behind this transformation. The ability to harness vast amounts of data, automate complex tasks, and generate actionable insights is no longer a luxury but a necessity for investors seeking to stay ahead. Join us for an exclusive live demo that will unveil the potential of AI in accelerating your investment workflow.
In this session, we'll dive deep into the transformative potential of AI for investors.
Learn how to leverage AI to supercharge deal sourcing, due diligence, and decision-making processes. We'll showcase real-world examples of GenAI in action, from automating data extraction to generating insightful investment memos. Gain practical insights on how to harness AI's capabilities to identify opportunities, mitigate risks, and maximize returns.
Presented & moderated with experts from Google Cloud and Theodo Group. Interactive session. Chatham House Rules.
| Speaker(s): |
| - Antoine BORDAS - Head of Product & Delivery | THEODO FINTECH |
| - Henry DE BENNETOT - EMEA Lead, Private Equity Partnerships | GOOGLE CLOUD, PRIVATE EQUITY & VENTURE CAPITAL |
| - Pak MING WAN - Director Cloud Engineering AI | GOOGLE CLOUD, PRIVATE EQUITY & VENTURE CAPITAL |
| - Woody ROUSSEAU - CTO and Co-founder | THEODO FINTECH |
Life insurance products in the United States represent $12.8 trillion (as per the 2022 study made by the American Council of Life Insurers (ACLI)).
The life settlements industry has grown considerably not just in terms of assets, but also in its level of sophistication and ability to appeal to a broader group of investors. The origin, history, valuation and key benefits of the asset class will be presented to you by José Garcia (CEO & founder of Carlisle Management)
| Speaker(s): |
| - Jose GARCIA - CEO & Founder | CARLISLE MANAGEMENT COMPANY |
Network Power : IFFO, the new international federation of family office
The IFFO - International Federation of Family Office, is an international federation that aims to bring together associations or groups of Family Offices from all countries. It is an organization serving Family Offices, and thus the sustainability of large family fortunes and enterprises, with the goal of promoting the emergence and cohesion of an international network of Family Office professionals through the sharing and development of methods, best practices, and experiences across borders.
IFFO helps Family Officers in a country to form a national association if one does not exist, and facilitates exchanges between associations from different countries to share their respective experiences in managing their associations, resources, and activities offered to their members.
| Speaker(s): |
| - Frederick CROT - President | AFFO - ASSOCIATION FRANÇAISE DU FAMILY OFFICE |
Keep the conversation flowing after a busy day with a glass of wine/beer in hand.
Sponsored by
Join us for Next-Gen Karaoke at the Le Méridien Étoile Hotel. Sing your heart out and challenge your peers!
Please note that seats will be allocated on a first come, first serve basis due to the limited capacity of the karaoke room.
Sponsored by
By invitation only
Sponsored by
Presentation
Where are investors looking for opportunities in the current climate: How are LPs approaching new investments and what do they need to see from GPs when deciding where to allocate-regions, sectors, fund strategies? Are LPs evolving their approach to manager selection and due diligence?
The IPEM 2025 Allocation and Fundraising Report, created in collaboration with AlixPartners, examines the investment preferences of over 1,000 limited partners (LPs) and the fundraising efforts of more than 800 general partners (GPs) at the conference. The report provides insights into the current market landscape, outlines where LPs intend to invest, details their priorities and selection criteria, and highlights key market opportunities and imbalances.
| Speaker(s): |
| - Nicolas BEAUGRAND - Partner & Managing Director | ALIXPARTNERS |
| Moderator(s): |
| - Antoine COLSON - CEO and Managing Partner | IPEM |
Interview
Managing and updating portfolios in an era of volatility, balancing liquidity with asset allocation goals will be a science in the coming years. Evaluating portfolios against target allocations now face an equilibrium conundrum – if and how to rebalance and whether there is sufficient liquidity to do so. Will the performance gap between top and bottom-quartile funds widen? Will LPs be striking a balance between caution and risk in the manager selection processes to make the right choices for the market cycle ahead?
| Speaker(s): |
| - Yup KIM - CIO | TMRS |
| Moderator(s): |
| - Arash MASSOUDI - Corporate Finance & Deals Editor | FINANCIAL TIMES |
Panel Session
Private capital money management industry has grown at the speed of light. Between 2017 and 2022, private market firms' combined AUM grew at an annual rate of close to 20%, according to McKinsey & Co. Private capital total assets AUM is expected to double to $23.3 trillion by the end of 2027 from $11.7 trillion as of June 30, 2022, a Preqin analysis shows. The differentiating factor between the winners and losers will place the investors who were early to identify the 'next big thing' right on top.
| Speaker(s): |
| - Eric ADLER - President & Chief Executive Officer | PGIM |
| - Christophe BAVIÈRE - Co-Chief Executive Officer | EURAZEO |
| - José GONZALO - Directeur Exécutif Capital Développement | BPIFRANCE |
| - Deborah ZURKOW - Global Head of investments | ALLIANZ GLOBAL INVESTORS |
| Moderator(s): |
| - Jan-Henrik FOERSTER - Deals Reporter (FIG/PE) | BLOOMBERG BUSINESS NEWS |
Panel Session
The post-pandemic years have been frantic for private equity investors, with record number of deals, sky high valuations and cheap loads of leverage. The consecutive surge of interest rates has been a tipping point and bringing a very challenging deal, exit and financing environment for buyouts. How will the 2020s vintages be remembered in hindsight? How will LPs and GPs have navigated them?
| Speaker(s): |
| - Andrew BERNSTEIN - Senior Managing Director & Head of Private Equity | CAPITAL DYNAMICS, INC |
| - Steve MOSELEY - Managing Director | WAFRA INC. |
| - Jenny NEWMARCH - Head of Private Equity | AWARE SUPER |
| - Marie PESTALOZZI - Co-Head Private Equity Investment Team | AMUNDI ALPHA ASSOCIATES |
| Moderator(s): |
| - Sunaina SINHA - Global Head of Private Capital Advisory | RAYMOND JAMES |
Panel Session
On the back of tightening liquidity and a slowdown in distributions and fundraising, are we seeing an increase in LP appetite for innovative fund strategies? NAV financing, dividend recapitalization, GP led secondaries and continuation vehicles have shone bright in 2024?
| Speaker(s): |
| - Pascal CHRISTORY - Chief Executive Officer | AXA IM PRIME |
| - Richard DAMMING - Head of Private Equity Investments Europe | SCHRODERS CAPITAL |
| - Yann ROBARD - Managing Partner | DAWSON PARTNERS |
| - Klas TIKKANEN - Chief Operating Officer | NORDIC CAPITAL |
| Moderator(s): |
| - Adam LE - Senior editor | PEI GROUP |
Panel Session
With barriers to entry falling, alternative and private assets are set to become increasingly important in retail investors portfolios. Can we expect to see fund sizes continuing to grow and get larger in the next ten years? How is the retail market evolving and growing? Where is the innovation coming from? How are wealth managers and advisors working with private investors to help them understand the dynamics of the equity landscape? What structures, strategies, and sectors are best aligned with the risk-return profile of the retail investors? Are open-ended structures playing an important role in democratising Private Market assets?
| Speaker(s): |
| - Ralph AERNI - Managing Director and Head of Client Solutions in EMEA | HAMILTON LANE |
| - Andrei VADUVA - Managing Director, Global Co-head Portfolio Management | PARTNERS GROUP |
| - Roger VINCENT - Founder and CIO | SUMMATION CAPITAL |
| - Alisa WOOD - Partner, Private Equity | KKR |
| Moderator(s): |
| - Jocelyn PIDOUX - Managing Director, Head of Asset Manager Solutions EMEA | ICAPITAL |
Fireside Chat
Sports is an asset class that has outperformed and in many ways is uncorrelated, even as deal activity, fundraising, and exits have slowed everywhere. Billionaires and PE firms continue to acquire and invest in sports teams. Is sports investing finally having its moment and no longer seen as a passion? How do investors add value to teams at a time when demand for sports exposure outweighs the supply of investment opportunities available? How is structured finance impacting sports? The fireside chat takes a deep dive into the opportunities for creatively structured investments such as equity-linked debt or senior equity as the tighter restrictions on private capital in sports investing dial up.
| Speaker(s): |
| - Doc O'CONNOR - Managing Partner | ARCTOS PARTNERS |
| - Jennifer PROSEK - CEO | PROSEK PARTNERS |
Presentation
Despite the brutal headwinds of rising inflation, energy costs, and interest rates, the world economy has shown surprising resilience. Why is this happening, and what does it mean for private capital? Is the new investing environment of “higher for longer” interest rates sustainable for private businesses, deals, and valuations? Can the European and US economies withstand new shocks without major damage, and what are the risks to watch more closely?
| Speaker(s): |
| - Nicholas BROOKS - Head of Economic and Investment Research, ICG | INTERMEDIATE CAPITAL GROUP |
Fireside Chat
Astronauts, having firsthand experience, understand better than anyone the critical role space plays in our collective future. As more actors engage in the space sector, we are entering an era where space is increasingly recognised as a new investment asset class in both public and private markets. Looking ahead, investment and public interest in the Space Tech domain will continue to grow. Space is becoming the digital infrastructure that will allow us to map, monitor, manage, and connect our planet, bringing transformative changes similar to those brought by railroads or the internet. This is a multigenerational investment.
| Speaker(s): |
| - Samantha CRISTOFORETTI - Astronaut | EUROPEAN SPACE AGENCY |
| Moderator(s): |
| - Timothée FRAISSE - Partner | MCKINSEY & COMPANY |
Panel Session
Good governance is regarded by many as aan existential threat to managers. Clear and transparent disclosure will be an imperative in the coming years. Is good stewardship of capital in sharp focus for investors? Our panel takes a deep dive into factors are driving LP allocation to private equity and the longer-term opportunities in the asset class. This session looks at what short term structural shifts and long-term regulatory changes will impact the industry in the coming years.
| Speaker(s): |
| - Charles FOUCARD - Chief Operating Officer | EDMOND DE ROTHSCHILD PRIVATE EQUITY |
| - Fred EBRAHEMI - Partner COO-General Counsel | CLEARLAKE CAPITAL GROUP |
| - Rune JEPSEN - Head of Europe | QIC |
| Moderator(s): |
| - William BARRETT - Managing Partner | REACH CAPITAL |
Panel Session
The stagnant M&A market has impacted LP liquidity levels as they wait for distributions. LPs continue to pour capital into secondaries funds, emerging as a bright spot in a broadly chilled fundraising climate. In 2023-2024 LP-led deals comprised the majority of secondary market share, the rapid growth in the market can largely be attributed to the substantial rise in GP-led transactions, is there any end to this growth?
| Speaker(s): |
| - Eric DERAM - Managing Partner - CEO | FLEXSTONE PARTNERS |
| - Annabelle JUDD - Managing Director | CAMPBELL LUTYENS |
| - Cari LODGE - Managing Director and Head of Secondaries | CF PRIVATE EQUITY |
| - Christophe NICOLAS - Managing Director | ALPINVEST |
| Moderator(s): |
| - Francois BOUILLON - Partner | ELY PLACE PARTNERS |
Panel Session
This panel dives into the critical due diligence process that LPs undertake before investing. They will share the tough, essential questions they always ask GPs, balancing systematic analysis with gut instinct. Hear real-life stories about questions they wish they had asked and the red flags that made them walk away, providing invaluable insights into the decision-making process behind successful investments.
| Speaker(s): |
| - Garvan MCCARTHY - CIO EMEA and Asia | MERCER INVESTMENTS |
| - Jim PITTMAN - Head of Private Markets Multi-Management | BRITISH COLUMBIA INVESTMENT MANAGEMENT CORPORATION |
| - Sean WARD - Senior Managing Director | BLUE OWL CAPITAL |
| - Pauline WETTER - Partner | LGT CAPITAL PARTNERS |
| Moderator(s): |
| - Antoine COLSON - CEO and Managing Partner | IPEM |
Closing Remarks
| Speaker(s): |
| - Antoine COLSON - CEO and Managing Partner | IPEM |
Panel Session
How long will non-bank lending last? Which players can scale deal size and deal quality? Is the opportunity set across European direct lending in trouble as the market acknowledges the economic headwinds of interest rates, geopolitical tensions and cyclical risks?
| Speaker(s): |
| - Cecile MAYER LEVI - Head of Private Debt | TIKEHAU CAPITAL |
| - Toni VAINIO - Partner | PANTHEON |
| - Orla WALSH - Managing Director and Portfolio Manager | BARINGS |
| Moderator(s): |
| - Frederic NADAL - CEO & Co-Founder | MV CREDIT |
Panel Session
Sliding or gliding, the panellists discuss if private credit continue to perform as strongly as in recent years? Are we reaching the ceiling for the private credit market? Which macroeconomic factors could contribute to the decline of private credit? Are investors as excited for the future of the asset class as they were a few years ago?
| Speaker(s): |
| - Mike CARRUTHERS - Senior Managing Director and European Head of Private Credit for Blackstone Credit and Insurance | BLACKSTONE |
| - Augustin DUHAMEL - Managing Partner | 17CAPITAL |
| - Ken KENCEL - President & CEO | CHURCHILL ASSET MANAGEMENT |
| - Tara MOORE - Head of European Origination | GOLUB CAPITAL |
| Moderator(s): |
| - Edouard NARBOUX - President | AETHER FINANCIAL SERVICES |
Panel Session
Identifying compelling investment opportunities: How is the market cycle developing and how big is the private debt opportunity likely to be? Where are investors deploying opportunistic capital and which markets are defensively positioned? What is the risk/return dynamics of considering strategies that offer a wide variety of privately sourced investments?
| Speaker(s): |
| - Marco BUSCA - Head of Indirect Private Debt | GENERALI ASSET MANAGEMENT |
| - James CHARALAMBIDES - Partner & Head of European Private Credit | ADAMS STREET PARTNERS |
| - Hamza FILALI - Managing Director - Private Credit | MORGAN STANLEY INVESTMENT MANAGEMENT |
| - Stuart MATHIESON - Head of Europe & APAC Private Credit & Capital Solutions | BARINGS |
| Moderator(s): |
| - Ana ARSOV - Global Head of Private Credit & Global Co-Head of Financial Institutions | MOODY'S RATINGS |
Panel Session
Which strategy will provide a resilient portfolio, when faced with a down-turn in the credit cycle and rising investor concerns about low yields in the current high inflation environment? What strategy will continue to be more prevalent?
| Speaker(s): |
| - Sophia ALISON - Managing Director, Co-Head of Infrastructure and Investment Grade Credit – EMEA | MACQUARIE ASSET MANAGEMENT |
| - Marc CHOWRIMOOTOO - Managing Director and Portfolio Manager | HAYFIN CAPITAL MANAGEMENT |
| - Sebastian SCHROFF - Lead portfolio manager | ALLIANZ GLOBAL INVESTORS |
| Moderator(s): |
| - Lucía CAMBLOR - Senior Reporter | REORG LONDON |
wrap time and potential Q&A
| Speaker(s): |
| - Taron WADE - Head of Credit Research, EMEA | PITCHBOOK |
Panel Session
Has the liquidity crunch driven new entrants into secondaries market in 2024? Will the amount of dry powder available limit activity and leave investors to cherry-pick transactions? Will we see more motivated sellers of private equity LP interests? Are LPs looking to de-risk and lock in unrealised paper gains and who realise they won’t get last year’s prices in the current market environment? How has the secondaries market across Europe evolved over the last 12 months? Where are LPs and GPs finding the most attractive opportunities? How is the market being impacted by macroeconomic and geo-political developments?
| Speaker(s): |
| - Sabina COMIS - Global Managing Partner | DECHERT LLP |
| - Eric DERAM - Managing Partner - CEO | FLEXSTONE PARTNERS |
| - Benoit VERBRUGGHE - Managing Partner | CLIPWAY |
| Moderator(s): |
| - Philipp PATSCHKOWSKI - Managing Director | NEUBERGER BERMAN |
Panel Session
How have buyers and sellers repositioned their pricing expectations in the current climate? Are we seeing higher pricing due to a surge in dry powder? Are buyers waiting for pricing to come down? How will pricing change throughout 2024?
| Speaker(s): |
| - Yvan CHENE - Managing Director, Private Equity - Secondaries | CAPITAL DYNAMICS |
| - Philipp PATSCHKOWSKI - Managing Director | NEUBERGER BERMAN |
| - Kristof VAN OVERLOOP - Managing Director | FLEXSTONE PARTNERS |
| Moderator(s): |
| - Gilles MOREL - Partner | JASMIN CAPITAL |
Panel Session
How are macroeconomic head winds impacting the opportunity set across the GP-led space? How are buyers and sellers remaining flexible and continuing to close deals in a volatile market? What’s in store for the future of the GP-led market? The session will take a deep dive into innovative varieties of GP-led transactions and best practices -stapled fund raisings, continuation vehicles and fund restructurings.
| Speaker(s): |
| - Adi BHAGWAT - Managing Director, Strategic Equity | INTERMEDIATE CAPITAL GROUP |
| - Veena ISAAC - Partner and Co-Head of Apollo’s Sponsor & Secondary Solutions | APOLLO |
| - Christophe LENOUVEL - Founder | SOLVO CAPITAL |
| Moderator(s): |
| - Jérôme SUTOUR - Partner- Head of Financial Services | CMS FRANCE |
Opening Introduction
| Speaker(s): |
| - Jean-Pierre RAFFARIN - Chairman & Former French Prime Minister | FPI |
Fireside Chat
High interest rates, fewer exits, and extended fundraising periods; how have private markets performed in this environment? How are GPs adapting these market conditions and what is the outlook for 2025? How do you see the growing trend of consolidation within the industry and what impact will that have on LPs’ allocations?
| Speaker(s): |
| - Sarit CHOPRA - Partner & Head of Special Situations, Asia – Special Situations | BAIN CAPITAL |
| - Edmond NG - Managing Partner | AXIOM ASIA PRIVATE CAPITAL |
| Moderator(s): |
| - Alexandre SCHMITZ - Entrepreneur in private markets | A2Z PRIVATE CAPITAL |
Panel Session
Private-equity funds focused on China have historically delivered impressive returns, and while challenges have emerged, these developments are prompting investors to strategically reassess their approach. This reflective period offers an opportunity to evaluate the strengths of Chinese GPs, their alignment with market dynamics, and their continued competitiveness. Additionally, corporate carve-outs are being explored as strategic entry points, while private credit and direct lending are gaining traction as exciting growth opportunities in China's evolving market landscape.
| Speaker(s): |
| - Chen Geng HE - Co Founder and Managing Partner | DAYONE CAPITAL |
| - Nathalie KRIEGER - Executive Director, Co-Head of Europe & Head of Asia | PICTET |
| - Renee SONG - Executive Director | PRIMAVERA CAPITAL GROUP |
| - Gian-Marc WIDMER - Head of Investment Banking Europe | CLSA |
| Moderator(s): |
| - Nathalie DEPETRO - Global Strategy & New Bus. Development Director | EUROPEVENTS |
Panel Session
International GPs and LPs increasingly view Japan as one of the hottest growth markets for private equity as it gets lifted by macro tailwinds. Are Japan’s private markets enjoying a renaissance as more quality deals emerge? On the buyout side, how are Japan’s corporates shaping up and will we see fewer inefficient subsidiaries? How are international LPs thinking about currency risk?
| Speaker(s): |
| - Ryosuke IINUMA - Chairman | JPEA - JAPAN PRIVATE EQUITY ASSOCIATION |
| - Megumi KIYOZUKA - President & Representative Director | SUNRISE CAPITAL KK |
| - Ryoichi OGAWA - Partner | POLARIS CAPITAL GROUP |
| Moderator(s): |
| - Naomi TAKEGOSHI - Relationship Manager | FINCITY.TOKYO |
Panel Session
Looking inward, where are the best local opportunities? Valuations, exits, and profitability: what iare the biggest opportunities in India’s VC market and where should LPs focus ? Will India maintain its status as the second-largest destination for VC and growth funding in Asia-Pacific in 2025?
| Speaker(s): |
| - Rishika CHANDAN - Managing Director | VENTURI PARTNERS |
| - Paul CHOO - Managing Director | TANGRAM ASIA CAPITAL |
| - - | |
| - Charles WONG - Founding Partner | TNB AURA |
| Moderator(s): |
| - Eric MARCHAND - Managing Partner | COLLYER CAPITAL |
Panel Session
Private credit has in a little more than a decade evolved from a niche asset class to a key component of a diversified investment portfolio. Opportunities span the risk-return spectrum across private credit asset classes, including corporate lending, commercial real estate, energy transition and consumer finance. And investor allocations are increasing. According to Preqin, total assets have nearly doubled since 2020 to $1.6 trillion and are expected to swell to $2.3 trillion by 2027.Where should investors set their sights as the new year gets underway? Will 2024 may turn out to be the year in which asset-backed lending strategies—also known as “specialty finance”—start to take up more space in private asset allocation?
| Speaker(s): |
| - Damien GARDES - Co-Head of Infrastructure Debt | SCHRODERS CAPITAL |
| - - | |
| - James VANEK - Partner and Co-Head of Global Performing Credit | APOLLO |
| - Nicole WAIBEL - Managing Director | CRESCENT CAPITAL |
| Moderator(s): |
| - Xavier LEROY - Member of the Executive Committee - Head of Advisory Services | ETHIFINANCE |
Panel Session
Direct lending: how big is the opportunity? How has market dislocation hampered the direct lending environment? How can direct lending be used to unlock opportunities in the middle-market? Are lenders finding enough opportunities to deploy their available capital? Will the demand for direct lending funds experience significant growth in 2025?
| Speaker(s): |
| - Maxime ALBAN - Managing Director in | BRIDGEPOINT |
| - Roxana MIRICA - Head of Capital Markets Europe | APAX |
| - Sonia ROCHER - Managing Director | BLACKROCK |
| - Laura SCOLAN - Head of France - Private Debt | TIKEHAU CAPITAL |
| Moderator(s): |
| - Francesca FICAI - Senior Editor | PITCHBOOK – LCD |
Panel Session
Real assets and infrastructure offer resilient risk characteristics and defensive attributes, are these the perfect fit in investor's portfolio seeking low risk, low volatility? Are specialized funds delivering best risk/return profile vs generalists?
| Speaker(s): |
| - Karen AZOULAY - Head of Real Assets | BNP PARIBAS ASSET MANAGEMENT - PRIVATE ASSETS |
| - Don DIMITRIEVICH - Portfolio Manager, Senior Managing Director | NUVEEN |
| - Philippe GARREL - Head of Energy Transition Funds | SIENNA INVESTMENT MANAGERS |
| - Lucie MIXERAS - Investment Director | IFM INVESTORS |
| Moderator(s): |
| - Xavier LEROY - Member of the Executive Committee - Head of Advisory Services | ETHIFINANCE |
Panel Session
Distressed debt has increasingly become a hot topic and the uptick is only just beginning. Private credit managers are watching the segment with interest but exercising caution, are opportunistic credit strategies the space to watch in distressed debt? Will we see greater investor demand in 2025 for special situation funds? Are investors increasingly grouping distressed debt within a broader ‘opportunistic credit’? The panel discuss the outlook for distressed investing, through to 2025, to what degree will future rate cuts impact the distressed market.
| Speaker(s): |
| - Ken BROUGHER - Head of Special Situations | ASTRA ASSET MANAGEMENT |
| - Alice CAVALIER - Partner, Co-Head Capital Solutions | ARCMONT |
| - R. Sean DUFF - Partner & Global Head of Business Development | MONROE CAPITAL |
| - Domenico LIA - Partner Co-Head of Europe | KING STREET |
| Moderator(s): |
| - Anne-Sophie NOURY - Partner | WHITE & CASE |
wrap time and potential Q&A
| Speaker(s): |
| - Stuart MATHIESON - Head of Europe & APAC Private Credit & Capital Solutions | BARINGS |
| Moderator(s): |
| - Edouard NARBOUX - President | AETHER FINANCIAL SERVICES |
Panel Session
Private equity and venture capital is all about people and ideas. We need to tap into and retain the best and widest pools of talent to ensure we continue to be successful – which includes people from all backgrounds. How can the industry better attract and retain female talent? Reaping the benefits of financial outperformance focusing on diversity performance and showing the financial and cultural benefits of addressing diversity at all levels
| Speaker(s): |
| - Arabella CAPORELLO - Partner ( Milan, IT ) | L CATTERTON |
| - Camille DELIBES - Partner, Head of - Private Debt | IDICO |
| - Isabelle PAGNOTTA - Partner | INFLEXION |
| - Qiongyan SHAO - Partner | SEVEN2 |
| Moderator(s): |
| - Maud BISCHOFF - Partner | MAYER BROWN |
Roundtable discussions
When women-led companies are undervalued, everyone loses - investors leave great opportunities on the table, innovative entrepreneurs don’t get the capital they need to scale, and society at large misses out on the impact of their innovations.
What is the industry doing to implement targeted interventions aimed at increasing gender equality and supporting gender-lens investing across sectors and markets?
| Speaker(s): |
| - Elina BERREBI - Founding Partner | REVAIA |
| - Gurpreet MANKU - CEO | LEVEL 20 |
| - Dorothee STIK - Managing Director - Head of Innovation Economy for France, Benelux & Southern Europe | J.P. MORGAN |
| Moderator(s): |
| - Miray TOPAY - Partner (London, UK) | L CATTERTON |
Facilitating Access to Regional and International Capital in Dubai through DIFC. Dubai has emerged as a leading hub for regional and international capital in the Middle East region. DIFC plays a pivotal role in enabling access to private and institutional capital, facilitating the movement of capital in and out of the region. This session will delve into the dynamics of private and institutional capital in the UAE and wider region, shed light on why and how international capital is flowing into UAE, and explore how the DIFC acts as an aggregator enabling access to private and institutional capital in the Middle East.
Potential key discussion points:
| Speaker(s): |
| - Ali HASSAN - Senior Representative, Europe and North America | DUBAI INTERNATIONAL FINANCIAL CENTRE AUTHORITY |
| - Khurram JAFREE - Global Head of RFP Services, Entrepreneurs & Families | BNP PARIBAS |
| Moderator(s): |
| - Swetha GOPINATH - Private Equity Deals Reporter | BLOOMBERG NEWS - LONDRES |
As of May 2024, 1,600 hydrogen projects have been announced worldwide, representing more than 600 billion dollars of investments into infrastructure, pipelines, and hydrogen equipment and technologies.. The momentum is particularly strong for hydrogen equipment suppliers: the hydrogen equipment manufacturing capacity across the entire supply chain needs to be multiplied by a factor of circa 100 to meet global hydrogen development targets.
Hy24, the world’s largest low-carbon hydrogen pure-play asset manager, manages more than 2 billion euros via the two assets classes: hydrogen infrastructures (project finance) and private equity (hydrogen equipment and technologies). Hy24 team will deliver a breakout session to explain the current dynamic, which is continuously evolving and moving outside Europe on different verticals, as well as the hydrogen investment opportunities.
Speakers:
| Speaker(s): |
| - SALMAN ALAM - CFO | HEXAGON PURUS |
| - Pierre-Etienne FRANC - CEO | HY24 |
| - Guillaume LESUEUR - Managing Director and Head of the Clean Hydrogen Equipment Fund, Hy24 | HY24 |
How can I legally market my fund in the EU | by Dorhyan.eu
Sustainability has become a pivotal factor in many exits, acting as both a deal breaker or a deal accelerator.
How can M&A professionals and GPs better integrate sustainability into their transaction processes to avoid deal breakers, attract more bidders, and enhance potential exit value? Join us to explore these questions, learn best market practices, and discuss strategies with your peers.
Attractivity, Resilience, Trends… an exclusive overview from France Digitale’s latest barometer.
| Speaker(s): |
| - Cyril BERTRAND - CEO / Managing Partner | XANGE |
| - Socheat CHHAY - MD - Head of Corporate Ventures | SOPRA STERIA VENTURES |
| - Maya NOËL - Managing Director | FRANCE DIGITALE |
| - Pauline ROUX - Managing Partner | ELAIA |
The LP market in Latina America is diverse and nuanced. LPs from select markets in the region will share their views on a range of topics including portfolio construction, co-investment, secondaries and manager selection. Is the pension fund’s perspective different than that of endowments and family offices? What are target asset allocations for private equity and private markets generally? What are some of the differences in market dynamics by country? How do LPs in the region define and value partners when committing to funds? What are the key regulatory regimes in select markets and impacts of potential reforms and policy developments? How do international GPs access and build relationships in the region?
Speakers: To be announced with LPs from Mexico, Chile and Colombia represented.
| Moderator(s): |
| - David ENRIQUEZ - Partner | CLIPWAY |
| - Yennifer FRASCONE - Principal & Head of Latin America Capital Partnering | GENERAL ATLANTIC |
| Speaker(s): |
| - Jack AZOULAY - Senior Partner | ARGOS WITYU |
| - Viviane TING - Principal | AMUNDI ALTERNATIVE AND REAL ASSETS |
| Moderator(s): |
| - Corinne BACH - Co-CEO | CARBOMETRIX |
By invitation only
Sponsored by
Join us at 5:30 PM at Le Méridien Étoile for our wrap party as we celebrate the success of another fantastic IPEM Paris event!
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Discover a summary of Wednesday at IPEM Paris 2024 with the Photo Gallery (relive our events: Comms & Marketing Lunch, Wrap Party), the TV Studio Interviews, and the Video Highlights!
