Presentations from Infrastructure Investor: New York:
Panel: Fund manager: Value add case studies - Peter Taylor, Director, Infrastructure, Hastings Funds Management (USA) Inc.
Panel: Fund manager: Value add case studies - Stephen Vineburg, Chief Executive – Infrastructure, CVC Capital Partners Ltd
Workshop A: Fund terms in detail
Power panel: A world roiled by energy demand is producing new opportunities - J. Scott Swensen, Chairman, Conduit Capital Partners, LLC
Power panel: A world roiled by energy demand is producing new opportunities - Torbjorn Caesar, Co-Head, Infrastructure, Actis
Day One - Wednesday, October 22, 2008
7:45 – 8:45
Check In & Continental breakfast
8:45 – 8:50
Welcome from PEI Media
8:50 – 9:00
Chairman’s welcome
9:00 – 9:30
Keynote Presentation: Top issues driving global infrastructure investment
Christopher P. Kinney, CFA, CEO, Babcock & Brown Infrastructure Fund North America
9:30 – 10:00
Keynote Interview
Adebayo Ogunlesi, Chairman & Managing Partner, Global Infrastructure Partners
Interviewer: David Snow, Executive Editor, PEI Media
10:00 – 10:20
Coffee break
10:20 – 11:15
Panel: Fund manager: The outlook for global infrastructure investing
• Mature vs. emerging markets
• Demand and supply: equity capital formation and asset availability
• Capital market trends after the liquidity crunch
Moderator: Barry P. Gold, Managing Director, The Carlyle Group
Panel Members:
Chris Leslie, Chief Executive Officer, Macquarie Infrastructure Partners Inc.
D. Collins Roth, Partner, EMP Global LLC
Trent Vichie, Senior Managing Director, The Blackstone Group
11:15 – 12:15
Panel: Fund manager: Value add case studies: How the private equity approach to infrastructure is improving existing assets for the long term
Moderator: Philip Borel, Editorial Director, PEI Media
Panel Members:
Fred Pollock, Vice President, Morgan Stanley Infrastructure
Peter Taylor, Director, Infrastructure, Hastings Funds Management (USA) Inc.
Stephen Vineburg, Chief Executive – Infrastructure, CVC Capital Partners Ltd
12:15 – 1:00
Panel: Deal flow - Has the acquisition opportunity been overstated?
• Political barriers to asset sales
• Competition from other buyers
• Update on the state of PPP around the world
• Risk factors impacting deal economics
Moderator: Mark A. Weisdorf, CIO & Managing Director, Infrastructure Investments, JPMorgan Asset Management
Panel Members:
Geoffrey S. Clark, Managing Director, Private Equity and M&A, Marsh
John Hastings, Managing Director, U.S. Infrastructure and Project Finance Group, RBC Capital Markets
Malcolm Macintyre, Joint Head of Transportation & Social Infrastructure North America, Babcock & Brown
1:00 – 2:15
Lunch
2:15 – 2:45
Keynote Interview
George Bilicic, Managing Director & Head of Infrastructure, Kohlberg Kravis Roberts & Co.
Interviewer: Philip Borel, Editorial Director, PEI Media
2:45 – 3:45
Roundtables: Meet the change agents
There will be a series of practitioner-to-practitioner roundtables featuring managers who have successfully done deals in different infrastructure sub-sectors. Each roundtable will be hosted by seasoned practitioners familiar with each sector and will be an opportunity for delegates to interact directly with these experts. Sectors to be addressed are:
Roundtable A: Airport Investing
Facilitator: Cezary Podkul, Staff Writer, PEI Media
Participants:
Dr. Maciej Firla-Cuchra, Managing Consultant, Oxera
Ellen Jewett, Vice President, Goldman Sachs & Co
Stephen Vineburg, Chief Executive – Infrastructure, CVC Capital Partners Ltd
Roundtable B: Toll roads – Other opportunities beyond the Pennsylvania Turnpike
Facilitator: Christopher Witkowsky, Associate Editor, PEI Media
Participants:
Mitchell Gold, Director, Merrill Lynch & Co.
Russell J. Greenberg, Managing Partner, Altus Capital Partners, Inc.
Wendy Norris, Investment Director, Hastings Funds Management (USA) Inc.
W. Glenn Opel, Partner, Vinson & Elkins LLP
3:45 – 4:00
Coffee break
4:00 – 5:00
Workshop Series
Workshop A: State of the Art Structuring for Infrastructure Funds and Investments
• Enhancing the After-Tax Return to your Investors
• Global capital - How are the large offshore investors changing the market and increasingly dictating structure
• Open vs. closed-ended funds: getting the holding period right
• Alignment of interest between managers and investors
Moderators:
Bruce L. Gelman, Partner, Kirkland & Ellis LLP
Thomas A. Geraghty, Partner, Kirkland & Ellis LLP
Participants:
Jim Furnivall, Managing Partner, Alterna Capital Partners
Ben Heap, Executive Director, Infrastructure Asset Management, UBS Global Asset Management (Americas) Inc
Workshop B: Operating infrastructure assets post acquisition
• The expertise needed
• Recruiting and retaining the right people
• Troubleshooting and crisis management
Moderator: Matt Bruck, Managing Director, RICS Americas
Participants:
Bill Harsh, Partner, Oliver Wyman
Aniruddha Joshi, Executive Director, Hirco Group
David K. Yeung, President & CEO, AIG Capital Partners, Inc.
5:00 – 5:45
Power panel: A world roiled by energy demand is producing new opportunities
Moderator: J. Scott Swensen, Chairman, Conduit Capital Partners, LLC
Panel Members:
Chris Beall, Managing Director, AIG Highstar Capital
Torbjorn Caesar, Co-Head, Infrastructure, Actis
5:45 – 7:00
Cocktail reception
Day Two - Thursday, October 23, 2008
7:45 – 8:45
Continental breakfast
8:45 – 9:00
Chairman’s welcome
9:00 – 9:30
Keynote Investor perspective - how to build a diversified infrastructure fund investment portfolio
Michael Queen, Managing Partner – Infrastructure, 3i
Interviewer: Cezary Podkul, Staff Writer, PEI Media
9:30 – 10:15
Panel: What LPs expect from infrastructure
• Expected returns
• Risk profiles
• Alignment of interests
• Background of GPs
Moderator: Gary E. Hiatt, Managing Partner, CFA, Pantheon Ventures
Panel Members:
John A. Haggerty, CFA, Managing Principal / Director of Private Market Investments, Meketa Investment Group, Inc.
Tom McGrath, Senior Investment Officer, New York State Common Retirement Fund
Matina Papathanasiou, Partner, Global Infrastructure, QIC
David Sullivan, Managing Director, Private Fund Group, Credit Suisse
10:15 – 10:40
Coffee break
10:40 – 11:30
Financing panel: Infrastructure debt financing
• Capital markets appetite for infrastructure assets
• Use of mezzanine and other specialized products
• Refinancing options
Moderator: Mark R. Spradling, Partner, Vinson & Elkins LLP
Panel Members:
Robert Collins, Executive Director, Head of Infrastructure M&A, Morgan Stanley
Christopher Forshner, Managing Director & Co-Head of Corporate Debt Capital Markets Americas, UBS Investment Bank
Damien Mitchell, Investment Principal, Citi Infrastructure Investors
Trent Vichie, Senior Managing Director, The Blackstone Group
11:30 – 12:30
Exit panel: Harvesting gain from infrastructure investments
• Successful exit strategies for infrastructure assets
• IPOs, trade sales and private equity secondaries
• The political implications of taking money off the table
Moderator: Thor Johnsen, Principal, Arcapita
Panel Members:
Dr. Maciej Firla-Cuchra, Managing Consultant, Oxera
Brian Fischer, Managing Director, Capital Innovations, LLC
David Kerr, Managing Director, RREEF Infrastructure
12:30 – 1:10
Closing panel: Are we in a bubble? Threats and opportunities for investors in infrastructure investing
• Capital overhang: is there a wall of money in infrastructure?
• Regulation: pending changes and their likely effects on investors
• Top ten risks facing infrastructure financiers today
Moderator: Robert T. Buday, Partner, Real Estate, Kirkland & Ellis LLP
Panel Members:
Jacob S. Falk, Senior Policy Advisor on Infrastructure Finance, Office of the Assistant Secretary for Transportation Policy, USDOT
Mark Florian, Managing Director, First Reserve Corporation
Arthur Simonson, Managing Director, U.S. Utilities & Infrastructure Corporate & Government Ratings, Standard & Poor’s
Michael Thompson, Executive Director – Infrastructure, Industry Funds Management
1:10 – 2:00
Closing Lunch and end of conference
*This is a provisional agenda. The organizers have the right to make changes.