Creating growth through diversity

Women in Private Women in Forum Debt Forum

Women in Real Women in Estate Forum Infrastructure Forum

Highlights from the 2019 Forum

Learn more at: privateequityinternational.com/womenforum 1 The Women in Private Markets Summit

The Summit is the largest diversity event in Europe for private markets, focused on bringing together attendees to expand their network across alternative asset classes, attend sessions devoted to career advancement and gain invaluable industry insights across two days.

This year’s event brought 650 attendees together across four asset classes, covering private equity, infrastructure, private debt and real estate.

Across two days, we heard from over 160 speakers who shared their insights and experiences within the industry. The summit plays an important role in showcasing talent and bringing together men and women across private market.

2 Learn more at: privateequityinternational.com/womenforum Chairpersons at the Women in Private Markets Summit

Audrey Klein Head of Investor Relations (Funds) Kennedy Wilson Europe

Laurie Mahon Vice-Chair, US & Global CIBC Capital Markets

Dalit Nuttall Principal West Valley Capital

Ishita Shah Managing Director Citco Fund Services (USA) Inc

Brenda Trenowden CBE Partner PwC Global co-chair, 30% Club

Learn more at: privateequityinternational.com/womenforum 3 Women in Private Markets Private Equity

Sofia Ahuja Anamica Broetz Sweta Chattopadhyay Director Head of Investor Relations Director EQT DWS Private Equity bfinance

Gila Cohen Sophia Damianou Gillian de Candole Managing Director, Real Estate and Managing Director, Business Investment Principal Private Markets Private Equity Development (EMEA) Brunel Pension Partnership MUFG Northleaf Capital Partners

Martha Heitmann Nina Kraus Simona Maellare Partner Vice-President Managing Director, Global Head of LGT CP Hamilton Lane Financial Sponsors UBS Investment Bank

Lindsey McMurray Christopher Priebe Imogen Richards Managing Partner Principal Partner and Global Head of Pollen Street Capital Cebile Capital Investment Structuring and Strategy Pantheon

Vjerana Spajic Rebekah Tobias Rebecca Zimmerman Vice President Head of Business Development Investor Relations - Senior Director AlpInvest Partners Marcol

4 Learn more at: privateequityinternational.com/womenforum Women in Private Markets Infrastructure

Margarita Aleksieva Céline Billant Andrew Blincoe Head of Director – Infrastructure Investment Head of Structured Finance IST Investment Foundation CDPQ NatWest

Olivia Breese Tara Davies Irina Frolova Senior Director – Head of Market Member and Head of European Head of Asset Management Development Infrastructure PGGM Ørsted KKR

Manjari Govada Lucy Heintz Marie Joyce Vice President Partner – Energy Chief Financial Officer Digital Bridge Holdings Actis NTR

Margarida Leal Christine Leung Rohini Pahwa Senior Associate - Infrastructure Equity Associate Director - Infrastructure Director – Infrastructure and Project Aviva Investors Equity Finance AMP Capital RBS

Matina Papathanasiou Esther Peiner Phoebe Smith, Deputy Head of Global Infrastructure Managing Director, Private Investment Director, QIC Infrastructure Europe Whitehelm Capital Learn more at: infrastructureinvestor.com/womenforum 5 Women in Private Markets Real Estate

Lesley Chen Davison, Amal Del Monaco, Anne Gales, Chief Investment Officer, Head of Sector Specialists, Partner, Seaforth Land AXA IM - Real Assets Threadmark

Jessica Hardman, Stuart Jackson, Audrey Klein, Managing Director - Head of Real Chief Executive Officer, Head of Investor Relatons (Funds), Estate Group UK & Ireland, InfraRed Kennedy Wilson Europe DWS

Martina Malone, Karen Martinus, Laia Massague, Managing Director, Global Head of Global Research Associate, Principal, Capital Raising, USAA Real Estate StepStone Group Prologis

Heather Mulahasani, Cynthia Parpa, Bella Peacock, Managing Director - Real Estate, Director - Real Assets European Managing Director, Investment Research, Management & Operations, BlackRock Greystar Europe

Kari Pitkin, Carolyn Porretta, Sylvia Slaughter, Head of Business Development for Managing Director, Portfolio Manager - Fund Europe, Macquarie Management, Allianz Gazeley

6 Learn more at: perenews.com/womenforum Real Estate Women in Private Markets Private Debt

Faten Bizzari, Jeff Davis, Lauren Fradgley, Head of Investment Research, Partner, Co-Head of Credit, Officer of the Debt Products IANUA Market Limited Eaton Partners Department, European Investment Fund

Aurelie Hariton-Fardad, Daniela Jönsson, Mirja Lehmler-Brown, Director, Principal, Partner and Managing Director, MetLife Investment Management Hayfin Capital Management

Kristina Matthews, Oyin Oduya, Adriana Oller, Managing Director, Head of Impact & Investor Relations Founder & Partner, Brightwood Capital Advisors Director, Resilience Partners Golding Capital Partners

Sandrine Richard, Magdalena Sniegocka, Carina Spitzkopf, Head of Private Debt - France, Investment Director, Director - Private Debt & CLO’s, Muzinich & Co CVI Hermes Investment Management

Nicole Waibel, Scott Wilkinson, Michelle Winters, Managing Director, Principal- Alternatives, Vice President , Crescent Credit Europe Mercer Northleaf Capital Partners

Learn more at: privatedebtinvestor.com/womenforum 7 Testimonials from the 2019 Summit

Excellent networking opportunity. I have been attending since a few years and observing the conference grow in scale and relevance. Looking forward to next year!

Anamica Broetz, Head of Investor Relations, DWS

Genuine proof that diversifying audiences diversifies opinion. Insights to a range of market that were unique, honest, measured. A must-attend for male counterparts and those in senior positions if they genuinely want to create an institutional culture of inclusivity.

Faten Bizzari, Head of Investment Research, IANUA

It has been a long time since I have attended such a vibrant energised event where speakers, panellists and attendees were all so keen to share knowledge, thoughts and ideas. I am sure great things will come from the connections made at this Forum.

Lisa Walker, Head of Market Regulation, IPSX

Great conference, excellent speakers and refreshing focus.

Hannah Logan, Executive Director, JP Morgan

An incredibly inspirational day that would be a real benefit to any woman or man, in the industry to attend. Many thanks!

Julie Dunne, Investment Operations Manager, Church of England

Enjoyable and very informative conference, learnt a lot from some very knowledgeable women (and men!)

Lucinda Hearth, Vice President - Portfolio and Asset Management, DWS

8 FIVE TAKEAWAYS from the Women in Private Markets Summit Over 650 industry professionals gathered in London for the Women in Private Markets Summit. Here are five takeaways. By Bruno Alves & Kalliope Gourntis

1. Diversity starts at the top, but it doesn’t stop there related, and that space will look completely different in “Everyone can play a part in creating a more inclusive 25 years,” she said. “There will be more technological culture,” said Brenda Trenowden, a partner at PwC and risk associated with those assets. global co-chair of the 30% Club, during the keynote “Will that risk ever be an infrastructure risk, or will speech that kicked off the two-day event. “It doesn’t it be more of a venture-capital risk? That’ll change just come from the top.” infrastructure [investing].” She added that although creating a sense of 4. Regulatory risk belonging in the workplace starts from the top, Another topic you can’t not address at an infrastructure implementation happens at the team level. In that event is regulatory risk and how it’s evolving. sense, the conversations she is having with chief “In my experience, changes to regulation are generally executives nowadays are not about why gender seen by investors as increasing risk – whether they are diversity should be promoted but how it can be good or bad changes,” said Regina Finn, a director achieved. at London-based consultancy Lucerna Partners and “I’m fed up with people wanting evidence of how former chief executive of UK water regulator Ofwat. So having more women makes my business better,” one is the risk increasing? “By virtue of the fact that change of those chief executives said. “Who’s ever asking for is happening at all – the answer is yes.” evidence of how many men will make my business To mitigate that risk, Finn advises investors to engage better?” with regulators at an early stage – when frameworks or 2. ‘Definitely’ in a late-cycle market policies are being designed or existing frameworks are From KKR’s perspective, the market is “definitely” in the being revised. late cycle, according to the firm’s head of European The stage when individual decisions affecting specific infrastructure, Tara Davies. An indication of that is firms are being made is too late: “Complaining at this when a high-quality asset comes to market but few stage is wasted effort.” buyers show any interest. 5. ESG: Asking the right questions Esther Peiner, managing director of private “There are very few investors who don’t ask about ESG infrastructure Europe at Partners Group, agreed. but, over time, more and more investors will ask the “You get a lot of investor interest and excitement,” right questions.” That comment from Sandra Lowe, she said. “But at the same time, people get scared investor relations director at InfraRed Capital Partners, incredibly easily.” elegantly sums up the state of play when it comes to So, should the market be preparing for a correction? environmental, social and governance issues – which The answer to that question is not easily forthcoming. is to say, they are high on everyone’s agenda, with Although leverage in the infrastructure sector has LPs ranking managers on their ESG prowess. But increased in the past decade, it has not reached 2007 challenges remain on everything from benchmarking levels. “That is something we definitely don’t see to data collection. today,” said Davies. Unfortunately, that also means, as Catherine Lloyd, 3. Get ready for technology risk principal at management consultancy Mercer, put You can’t have a good conference without a bit of it, that there is “still a lot of box ticking and self- crystal-ball gazing. So, kudos to KKR’s Davies who did certification” going on. a good job of tackling an audience question about With 78 percent of our audience saying ESG is now what infrastructure will look like in 2040. core to their investment decisions, expect these issues “The vast majority of the infrastructure market is energy- to be ironed out sooner rather than later.

Information source: infrastructureinvestor.com/five-takeaways-women-infrastructure-event

Learn more at: privateequityinternational.com/womenforum 9 Companies in attendance included

• 3i Group • InfraRed Capital Partners • Aberdeen Standard Investments • Irish Strategic Investment Fund • ADB • IST Investment Foundation • Allianz Real Estate • JP Morgan Asset Management • Alpinvest Partners • KKR • AMP Capital • LaSalle Investment Management • • LDC • AXA Investment Managers • Link Group • bfinance • Local Pensions Partnership • Bridges Fund Management • Marcol • British Airways Pension • Marwitz • Brunel Pension Partnership • Mercer • Capstone • National Australian Bank • CBRE • National Grid Pension Scheme • CDPQ • NatWest • Cebile Capital • Northleaf Capital Partners • CIBC Capital Markets • Nova Infrastructure • Citco Fund Services • Ofcom • CPPIB • One Search • Credit Agricole • Pantheon • Crestbridge • Partners Group • Denham Capital • Permira Debt Managers • Dentons • PGGM • DWS • Pollen Street Capital • EBRD • PSP Investments • EIB • QIC • EIF • Riverhouse Partners • EQT • Rothschild & Co • First State Investments • Schulte Roth & Zabel • GIC • Simpson Thacher • Goldman Sachs • The Andrew W. Mellon Foundation • Greystar • The Church Of England • Hamilton Lane • USS Investment Management • HarbourVest Partners • Wellcome Trust • Harrison Street • Wimmer Family Office • IFM Investors

Download a sample list of attending companies from the 2019 Summit

10 Thank you to our sponsors

For more information on the available sponsorship opportunities in 2020 contact: Christopher Wagland | Business Development EMEA T: +44 (0) 207 566 5475 E: [email protected]