Private Debt Funds in the Post COVID-19 World: New Opportunities and Challenges

11 Aug 2020 @ Web Access

Introduction

This webinar session is successful held on 11 August 2020.

The growth of private credit and private debt funds as an asset class took off following the 2006 global financial crises. Once again markets around the world are facing new kinds of dislocations, disruptions and realignments spurred on by the COVID-19 pandemic and its likely aftermath.

A panel of leading experts in the private funds space as they debated and discussed what is next for the private debt funds industry in the Asia-Pacific and rest of the world.

Details

Date

Tuesday, 11 August 2020

Time

16:00 – 17:00 (HK Time GMT +8)

Recording

Please click the link below to access this session's recording

  • [Recording] Private debt funds in the post COVID-19 world - new opportunities and challengesPDF
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Presenters Bios

Arjun Pandit
Managing Director
CapitaLand Investment Management

Mr. Arjun Pandit is a Managing Director at CapitaLand Investment Management and is responsible for managing all aspects of the real estate private debt funds business of the Group.

Mr. Pandit is one of the most experienced commercial real estate professional in Asia Pacific with a consistent track record over 18 years in establishing, running and managing businesses related to commercial mortgage and asset backed lending, hard assets investing, real estate operating platforms and distressed debt investment platforms across the breadth of asset classes over business cycles.  Over this period, Mr. Pandit has participated in over $20 billion of real estate related transactions, including some of the largest commercial real estate financings in the region.

Prior to CapitaLand, Mr. Pandit was the head of the Asia Pacific asset finance group at Credit Suisse, where he was responsible for managing the lending platform across the region with a primary focus on Australia, Hong Kong, Mainland China, Japan, Korea, Thailand and India. Under his leadership, the bank commenced, for the first time post global financial crises, non-recourse real estate lending activities in Asia Pacific. Mr. Pandit was also a member of the bank’s Asia Pacific asset finance capital commitments committee.

Prior to Credit Suisse, Mr. Pandit was the Asia Pacific head of global mortgages and securitized products at Bank of America Merrill Lynch, where he was in-charge of managing commercial and residential mortgage platforms in Japan, Korea and Australia, and also led some of the largest buyout related financing transactions in the region.

Prior to Bank of America Merrill Lynch, Mr. Pandit was one of the key members of Morgan Stanley’s Asia Pacific commercial real estate mezzanine lending team, where he was involved in some of the largest financing transactions in Japan and Australia. Mr. Pandit started his real estate career in Asia Pacific, post Asian financial crisis, at Lehman Brother’s principal transaction team based in Japan. He was one of the early members of a business platform that went on to establish itself as one of the leading distressed debt and real estate investment platforms in the region.

Mr. Pandit received his Bachelor of Arts in Economics from University of Delhi in India and a Masters of Business Administration from the Australian Graduate School of Management, University of New South Wales in Australia. 

Joel Rothstein
Chair - Asia Real Estate Practice
Greenberg Taurig

Joel H. Rothstein is Chair of the Asia Real Estate Practice of the international law firm of Greenberg Traurig.  A leading international real estate attorney, he advises financial institutions, private equity funds, sovereign wealth funds, real estate developers, and investors across all major Asia markets.  He also leads the firm's practice advising Asia-based outbound cross-border investors making equity and debt investments into the United States, Europe, Latin America, and the Middle East. Over the last five years alone he completed over seven billion U.S. Dollars of outbound investment transactions from Asia to the United States and Europe, including direct, fund and separate account investments.

With more than twenty years' experience in Asia, Mr Rothstein pioneered numerous landmark transactions in the region, including the first rated CMBS transaction in Japan, the first non-performing loan securitization transactions completed in Japan and in South Korea, the first international style non-recourse real estate loans in Japan and China  and the first comingled USD/RMB real estate fund sponsored by a Chinese financial institution targeting United States real estate assets.

Mr. Rothstein's expertise bridges fund vehicle formation and management, complex cross border joint ventures, real estate finance, non-performing loan (NPL) portfolio acquisitions and dispositions, real estate debt and equity capital markets transactions, construction and development and hotel and resort finance, development and management.

Simon Uiterwijk
Senior Portfolio Manager
NN Investment Partners

Simon is a Senior Portfolio Manager at NN Investment Partners (previously ING Investment Management) since 2015, where he is co-responsible for NN IP’s Commercial Real Estate lending activities. He has a particular focus on investment strategy, loan origination and fundraising with international clients.

The Commercial Real Estate Debt team of NN IP has been active since 2014 and has since invested around €4.5bn on behalf of its clients, including Asian investors.

Simon holds an MSc in Finance & Investments and an LLM Commercial Law (cum laude) from RSM Erasmus University Rotterdam (Netherlands) and is both a CFA and CAIA Charterholder.

Martin Priestly
Head of Debt - Real Estate, Asia Pacific
Nuveen Real Estate

Martin leads the debt platform in Asia Pacific for Nuveen Real Estate. He is responsible for originating and managing the debt portfolio, along with building relationships with partners looking to co-lend in association with house capital.

Martin joined the business from CBRE where he started the debt and structured finance business. Entering the real estate industry in 1987, he has extensive experience, having held roles with R&I Bank and BankWest where he was responsible for building the BankWest business. Martin then formed Bamford Partners, which focused on property finance, debt and equity raising, and fund management, before merging into Moss Capital.

Martin graduated with a B.S., honors, from Birmingham University, U.K. and is a regular attendee at Business School and YPO Harvard programmes. He is a responsible manager, having been on a number of Australian Financial Services Licences (AFSLs). Martin has also completed post-graduate certifications with U.K. and Australian financial services organisations.

Andrew Radkiewicz
Global Head of Private Debt Strategy & Investor Solutions
PGIM Real Estate

Andrew Radkiewicz is a managing director at PGIM Real Estate and global head of Private Debt Strategy and Investor Solutions. Based in London, Andrew is responsible for developing and implementing real estate debt fund product architecture and strategic solutions for global investors.  He also has oversight for PGIM Real Estate’s global banking relationships.  Andrew is a member of the Global Management Council and Investment Committee, and the Global Operating Risk Committee.

Previously, Andrew was co-head of Europe where he was responsible for PGIM Real Estate’s European businesses. In 2007, Andrew co-founded the boutique fund manager.

Paramount Private Equity, which was subsequently absorbed by PGIM Real Estate in 2009 to form the Pramerica Real Estate Capital (PRECap) platform.

Prior to founding Paramount Private Equity, Andrew spent 13 years at N M Rothschild in London, most recently as managing director of Real Estate Finance and Debt Capital Markets.  Earlier, he worked for Credit Lyonnais and Lloyds.

Andrew has a bachelor’s degree in economics from Warwick University.

Andrew Schwartz
Group Managing Director and Co-founder
Qualitas

Andrew is the Group Managing Director and a co-founder of the firm in 2008 and has over 32 years’ experience in financial services with an extensive track record across real estate investments.

Andrew is responsible for overseeing the group’s activities, setting the strategic direction of the business, as well as building and enhancing relationships with the firm’s clients and investors. Andrew is a full voting member of the Qualitas Investment Committee and is the Chief Investment Officer for the various Qualitas debt and equity funds.

Andrew is a full member of the Chartered Accountants Australia and New Zealand and on the Advisory Board of the Property Industry Foundation (Victoria).