Overview

The on-going debate that too much private equity is chasing too few deals still persists, however, private equity is arguably the only alternative asset class that’s now well positioned to give institutional investors access to the Africa's private markets.

Infrastructure and real assets have struggled to attract institutional and private capital; whilst alternative credit and private debt are overlooked by institutional investors and debt funds.  However, private debt strategies are gaining popularity due to Africa’s large untapped and unfunded mid–market. Despite their growing popularity, Many LPs and GPs are apprehensive that the investable themes that pitted Africa against many emerging markets are not been realised.  Thus prompting the questions  –  where does the real value of investing in Africa alternatives lie?  How viable is investing in Africa alternative assets?  How can alternative fund managers capture further value for asset owners?  In a small and fragmented market, what are the best way to gain meaningful exposure to alternative assets?


Themed Leveraging Alternatives for Risk–Adjusted Returns, the 2017 AAII – 5th New York Forum will bring together an ecosystem of institutiona4 investors and fund managers that are committed to addressing the principal blocks to institutions with a strong appetite to build infrastructure, real assets, private equity, alternative credit, and private debt portfolios across Africa.

The forum will examine how infrastructure debt can offer long-dated, stable, cashflow-driven returns. Why infrastructure debt is appealing to long–term asset owners like pensions and sovereign funds. How can institutional investors access alternative credit and private debt strategies in Africa? The Intensive is a “talk-show free” open forum driven by knowledge sharing about what works and what doesn't work when investing in Africa alternative strategies.


 
Discussion Leaders

Hand-picked to lead discussions, take part in debates, interviews, and open conversations.  Join our carefully selected speakers.
 

Obie Mckenzie

OBIE McKENZIE
Managing Director
BlackRock

Paul-Edwards

PAUL EDWARDS
CEO, Capri Africa & Vice Chairman, Capri Global

Nguyen Lynn

LYNN NGUYEN
Acting VP, Investment Funds, OPIC

DULARI PANCHOLI

DULARI PANCHOLI
co-Head, Impact Research Group, NEPC LLC

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THE OPEN FORUM

AAII - 4TH NEW YORK FORUM
19 Sept. 2017 | 08.00 - 17.00

The intensive is the most comprehensive ecosystem built around knowledge exchange on what works and what doesn’t work when investing in alternative assets; and limited to 80 select investment professionals.

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THE INSIGHT

ALTERNATIVE INSIGHT
19 Sept. 2017 | TBC

Infrastructure debt offers stable, attractive, uncorrelated returns for investors, providing a promising high yielding fixed income alternative to government or covered bonds. To find out more, reserve your place at the AIDI.

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THE IMMERSION

INFRASTRUCTURE DEBT
19 Sept. 2017 | TBC

Infrastructure debt offers stable, attractive, uncorrelated returns for investors, providing a promising high yielding fixed income alternative to government or covered bonds. To find out more, reserve your place at the immersion.

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Be Part of It

The Intensive gives you a unique opportunity to – highlight your brand positioning, build long-term valuable relationship, engage with a senior-level audience, demonstrate thought-leadership, and educate your market place.   Get in-touch with Peace Natachy at pugbajah@afri-conomie.com, or +44(0) 208 870 6620 for sponsorship that will give you opportunity to:

  • Contribute a thought leadership piece on Infrastructure debt strategies,
  • Participating in or moderating a roundtable discussion at the forum or rendezvous,
  • Sponsor a masterclass learning session for asset owners,
  • Taking part in a debate, interview or the AAII multichannel digital practitioner-led report.

Participation at The Intensive is limited to around 80 select practitioners, so register now to secure your place.   To enquire about delegate participation, contact Africonomie Events team at enquiries@afri-conomie.com.



AGENDA | TUESDAY, 19 SEPTEMBER 2017


08.00          REGISTRATION AND REFRESHMENT


08.55           WELCOME REMARKS

      STANLEY AUSTIN, Principal Partner, Africonomie


09.00          OPENING REMARKS

      TBA, Partner, Chadbourne & Parke LLP


09.10           THE EMERGENCE OF ALTERNATIVE ASSETS AND STRATEGIES IN AFRICA

      The Africa Alternative Investment Intensive (AAII) on-going goal is to help institutional and private investors access investment processes and strategies in Africa that generate maximum risk–adjusted returns whilst delivering social developmental impact. During this opening discussion, the forum will hear from active investment practitioners as the examine Africa’s alternative investment landscape and provide a look into the next 12–months and beyond.


09.30           ALLOCATIONS VS. EXPECTATIONS WITH ALTERNATIVES

      An ensemble of carefully selected senior investment decision makers will provide detailed insight into what works, what doesn’t work, why and how of their Africa investment strategy and initiatives.


10.15             ALTERNATIVE FUNDS: TAX, STRUCTURES AND LEGAL FRAMEWORKS

      Discussion Leader: TBA, Partner, Chadbourne & Parke LLP


10.45            ALTERNATIVE RISK AND DELIVERY RISK–ADJUSTED RETURNS

      What diversification properties do alternatives bring to a portfolio? Can Africa alternative assets deliver truly alternative sources of returns for U.S investors? This session looks at common properties of alternative risk in the Africa context, and explores how they can provide diversification for effective portfolio construction.


11.00             NETWORKING BREAK


11.20              A NEW CONVERSATION ABOUT MANAGER SELECTION WITHIN AFRICA ALTERNATIVE INVESTMENTS

      Manager Selection and Due Diligence (MSDD) as we know it in developed markets is becoming far too much of a standardized documentation process. And Given the increasingly complex and sophisticated world of Africa alternative investing, investors now recognize that choosing the right fund managers may matter a great deal more going forward than in the past, as they seek to implement an Africa investment strategy that deliver risk-adjusted returns to their asset owners.


11.40             ASSET CLASS BREAKOUTS: PRIVATE EQUITY AND PRIVATE DEBT/CREDIT

      Asset class breakout sessions are designed for focused discussion on investment strategies, specific market trends, regulatory development, challenges and opportunities that impact you and your investment decisions.

      The Changing Face of Africa Private Equity: Focus on Performance & Benchmarking
      Private Equity (PE) in Africa has entered a new phase. A phase ushered in by the consensus that the traditional private equity model has delivered mixed results as catalyst for growth and sustained real impact. And compelling established and emerging fund managers to rethink and augment their model for investment to accommodate the idiosyncrasies of specific African markets.

      Africa Private Debt & Credit Market Outlook
      The convergence of regulation, low yields on traditional fixed income, and a strong supply of potential borrowers has convinced more fund managers to enter the private debt space than ever before. The conditions that brought opportunity and growth to private debt remain in place, and continued expansion, driven by aggressive fundraising, can be expected in 2015 and beyond. This session examines the diversification that debt strategies offer investors and managers active in Africa. As well as highlight how prospective institutional investors can navigate and optimise their Africa debt portfolio.


12.40             NETWORKING LUNCH


13.40            THE NEW NORM: INSIGHTS ON ESG IN ALTERNATIVE INVESTING

      The majority of institutional investors and alternative managers are actively strengthening their approach to evaluating ESG-related risks and opportunities, particularly in light of the recent corporate governance challenges thrown up in the industry. They believe ESG improves risk-adjusted returns and is an important aspect of risk and reputation management. This session examines why and how institutional investors incorporate ESG and responsible investment criteria when making alternative investment allocations.


14.30            EMERGING HIGH–YIELD PRIVATE DEBT FINANCING STRATEGIES

      A case study based keynote that examines how infrastructure debt can offer long-dated, stable, cashflow-driven returns, why infrastructure debt is appealing to these investors and how they can access the space.


14.45            FINANCING ALTERNATIVES FOR LARGE INFRASTRUCTURE PROJECTS

      There is a growing presence of solutions that benefit from the liquidity levels of large institutional investors to obtain funding in capital markets, through the issuance of public of private debt securities. Driven by increasingly appetite of institutional investors such as pension funds and insurance companies to invest in high quality infrastructure assets that more closely match their liabilities. We assemble a group of senior infrastructure investment decision makers to provide insight into solutions and strategies appealing to investors and how they can be accessed.


15.45            NETWORKING BREAK


16.05             ASSET CLASS BREAKOUTS: REAL ESTATE AND EXTRACTIVES

      Asset class breakout sessions are designed for focused discussion on investment strategies, specific market trends, regulatory development, challenges and opportunities that impact you and your investment decisions.

      Investing in Africa’s Institutional and alternative real estate assets
      An exclusive insight into how Africa’s leading real estate private equity and debt fund managers align their experience, resources with deep knowledge of local markets and in-depth research to deliver a diverse range of strategies and solutions across the risk/return spectrum to institutional and private investors.

      Sustainable Investing in Africa’s Extractives: Agriculture, Mining, and Oil & Gas
      Booming extractive industries and investment by foreign energy and mining companies have contributed considerably to the growth surge. However low commodity prices, increased expectations for responsible business practices, and the sustainability challenges faced by the extractives sector is transforming the way the industry operate. This breakout examines the most pressing issues for corporations, investors, NGOs, regulators and government. This open discussion will focus on solutions and strategy; highlighting innovative practice across the extractives sector in managing risk and creating shared value.


17.05             THE OPEN CONVERSATION ON AFRICA

      The Open Conversation is an opportunity for you to have your say on institutional investment in Africa - or anything else to do with business, investment, government and politics on the continent. No topic is out of bounds. No idea is too aggressive — Just be prepared for them to be challenged. This session is closed to the media and held under the Chatham House Rule.


17.45              SUMMARY AND CONCLUSION OF 2017 AAII - 4TH NEW YORK FORUM


18.30              NETWORKING RECEPTION SPONSORED BY


19.30              PRIVATE DINNER (BY INVITATION ONLY) - FOCUS ON MANAGER SELECTION AND DUE DILIGENCE