Master Class
EARLY-RISER INTERACTIVE WORKSHOP Maximise Your Learning Without Taking Extra Time Out Of The Office!
THURSDAY 22 MARCH, 2012 | 8:15 - 10:15
How to Change Risk Profiles in Secondaries by Using Innovative Structures
By analysing a typical risk profile of an investor into a secondary
fund (compared to a primary investment), this highly rated
Workshop will identify the latest strategies on the large end of
the market, including the use of vendor loans and other type of
leverage. The attendees will receive nuts-and-bolts guidance on
how to devise innovative structures for reducing the risk weighted
assets for financial institutions and learn about securitizations
and other alternative solutions, including:
- How does regulation really affect the current secondary market environment?
- What are the differences in the cash flow profile of primaries and secondary funds?
- Is the loss rate in secondary transactions lower than in secondary funds?
- Which segments exist in the secondary market and do they have different risk-/return profiles? Is there a difference between the large and the small end of the market?
- What is the status of the current market environment and what is the expectation for the future?
- How does vendor lending or leverage affect the risk profile of transactions?
- Which kind of risk profiles do securitizations on private equity portfolios offer?
- Which solutions could securitizations provide for banks and insurances to reduce risk weighted capital under Solvency II and Basel III?
- Which types of other innovative structures exist and what is their risk-/return profile?
About Your Master-Class Leader:
Christian Diller, PhD - Partner and Co-founder of
Montana Capital Partners responsible for structured
solutions and risk management. Most recently, he was
previously Head of Solutions at Capital Dynamics
leading the firm’s structured activities with assets under
management of more than USD 2 billion. Before Capital
Dynamics, Christian covered strategic investments of
Allianz Group in industrial, energy and healthcare
companies. He also worked as a buy-side analyst at
Pioneer Investments.
Mr. Diller is an active member of the EVCA risk
management committee developing guidelines for risk
management models in private equity. He holds a Dr. rer.
pol. in finance specializing on risk-/return characteristics
of private equity funds from the Technical University
Munich and a MSc from the Ludwig-Maximilian
University Munich.
