Infrastructure Investor: Europe - PEI Media

peimedia.com

Infrastructure Investor: Europe - PEI Media

Infrastructure

Investor: Europe

New models for a new era

17-18 March 2011 | Radisson Blu, Berlin

REGISTER

BEFORE

4 FEBRUARY

TO SAVE 15%

Our distinguished speakers include:

Michael Barben,

Partner,

Partners Group AG

Gershon Cohen,

Managing Director,

Global Head of

Project Finance,

Lloyds Bank

Corporate Markets

Thierry Déau,

Chief Executive Officer,

Meridiam

Infrastructure

Mounir Guen,

Chief Executive Officer,

MVision

Danny Latham,

Head of Infrastructure

Investments, Europe,

First State

Investments

Alain Rauscher,

Founder and CEO,

Antin Infrastructure

Partners

Eduard Ruijs,

Investment Director,

NIBC

Karsten Sinner,

Senior Investment

Officer,

European Investment

Bank

Macky Tall,

Vice-President,

Investments -

Infrastructure,

Caisse de dépôt

et placement du

Québec

www.peimedia.com/infraeurope11


Infrastructure

Investor: Europe

New models for a new era

REGISTER

BEFORE

4 FEBRUARY

TO SAVE 15%

17-18 March 2011 | Radisson Blu, Berlin

A sample of the experts confirmed to speak:

Hafeez Ahmed,

Partner, Chief

Financial Officer,

EISER Infrastructure

Partners

Jeffrey Altmann,

Senior Investment Manager,

First State Investments

Michael Barben,

Partner,

Partners Group AG

Michael Bates,

Partner, Banking

and Finance,

Clifford Chance

Martin Bennett,

Senior Vice President,

Private Equity and

M&A Practice,

Marsh Limited

Spence Clunie,

Managing Partner,

Ancala Partners LLP

Gershon Cohen,

Managing Director, Global

Head of Project Finance,

Lloyds Bank Corporate

Markets

James Cooper,

Director,

M&G Investments

Thierry Déau,

Chief Executive Officer,

Meridiam Infrastructure

Claus Fintzen,

Director,

MBIA

Bill Fish,

Senior Managing Director,

Aladdin Capital Holdings

Andrew Gillespie-Smith,

Principal,

Global Infrastructure

Partners

Mounir Guen,

Chief Executive Officer,

MVision

Michael Halford,

Partner - Corporate Finance,

SJ Berwin

Niels Konstantin Jensen,

Portfolio Manager,

Master of Economics,

ATP Investments


Danny Latham,

Head of Infrastructure

Investments, Europe,

First State Investments

Sebastien Lecaudey,

Investor Relations Director,

Antin Infrastructure

Partners

Vincent Levita,

President,

OFI InfraVia

Renaud de Matharel,

CEO & Managing Partner,

Cube Infrastructure Fund

Alain Rauscher,

Founder and CEO,

Antin Infrastructure

Partners

Paul Rittersma,

Co-founder and Partner,

Voltiq

Sponsors:

Sponsors:

Sergio Ronga,

Director,

Macquarie

Capital Advisers

Eduard Ruijs,

Investment Director,

NIBC

Karsten Sinner,

Senior Investment Officer,

European Investment Bank

Macky Tall,

Vice-President,

Investments -

Infrastructure,

Caisse de dépôt et

placement du Québec

Co-sponsors:

Supporting associations:

Host publication:

Data partner:


WELCOME TO INFRASTRUCTURE INVESTOR: EUROPE

Dear Colleague,

Infrastructure Investor: Europe is PEI’s fifth annual forum focussing on infrastructure investing in Europe.

With the environment for infrastructure investment improving markedly from the post-Crisis depths of 2009, the forum will present

an opportunity to explore in depth a more upbeat market.

Among many other things, the forum will examine: which sectors are hot; where are deals being done; how is financing being

organised; what fund terms and conditions are being seen; and what’s the limited partner view?

We stand at a watershed moment in the development of infrastructure as an asset class, which explains the strap line for this

forum: “New models for a new era”.

For example, public-private partnership models are being re-examined in the wake of the Crisis to ensure that

they deliver value for money. The forum will take a close look at what innovations are arising as a result.

We are also seeing innovation in the way in which fund managers are engaging with investors, and

2010 has notably seen the growth of the developer fund, with fund launches by the likes of Balfour

Beatty, John Laing and Lend Lease. The forum will scrutinise the types of funds being raised, and

ask what the strategic rationale is - both from the developer point of view, and from the investors

committing capital.

Other highlights of the forum will include a one-to-one interview with Andrew Gillespie-Smith of

Global Infrastructure Partners, in which he will provide insights into the equity syndication of

Gatwick Airport. In addition, our Big Debate will see two teams go head-to-head to discuss the

emotive topic of whether banks or pension funds are the optimal owners of infrastructure assets in

the long term.

The global editorial team from Infrastructure Investor will be present, covering the news

and issues that arise from the event.

I look forward to seeing you in Berlin.

Sincerely,

Andy Thomson, Senior Editor, Infrastructure | PEI


Past attendees at

Infrastructure Investor:

Europe include

3i ■ ABN AMRO Infrastructure Capital Management ■

Absolut Research ■ Acanthus Advisers ■ Access Capital

Partners ■ Achmea ■ Actis ■ ADIC-UBS Infrastructure

Investment ■ Aeris Capital ■ Allen & Overy ■ Allianz

Real Estate ■ Allianz Specialised Investments ■ AMP

Capital Investors ■ Anglian Water Group ■ Antin

Infrastructure Partners ■ APG Asset Management ■

Arcapita Limited ■ Arcus Infrastructure Partners LLP ■

Augentius Fund Administration ■ AXA Private Equity ■

Babcock & Brown Limited ■ Banif Capital ■ Bank of

America Merrill Lynch ■ Barclays Private Equity ■

Bauhaus-Universitat Weimar ■ Bayerische Hypo und

Vereinsbank ■ Beacon Hill Financial ■ bfinance ■ Bibs

Capital ■ Blue Sky Group ■ Bridgepoint ■ Brookfield

Asset Management ■ Bury Street Capital ■ Caisse de

Dépôt et Placement du Québec ■ Campbell Lutyens &

Co. Ltd ■ Capital Innovations ■ Carillion Canada ■ CB

Richard Ellis ■ CDC ■ Citi Infrastructure Investors ■

Clifford Chance ■ CNP Assurances ■ Continentale

Lebensversicherung ■ Credit Agricole Asset

Management Capital Investors ■ Credit Suisse

Alternative Investments ■ Cube Infrastructure Fund ■

CVC Capital Innovations ■ Danske Capital ■ DB Private

Equity GmbH ■ DekaBank ■ Deloitte & Touche ■

Deutsche Bank AG ■ Dexia Kommunalbank Deutschland

AG ■ DG Infra + ■ Diamond Capital & Financial Market

■ DIF ■ DLA Piper ■ Dresdner Kleinwort ■ EC Harris

■ Egon Zehnder International ■ EISER Infrastructure

Limited ■ Enam Holdings Pvt Ltd ■ Eolfi Asset

Management ■ EQT Partners ■ Equitix ■ ERM

Germany ■ European Bank for Reconstruction and

Development (EBRD) ■ European Investment Bank ■

Feri Institutional Advisors ■ Financial Security Assurance

■ First Reserve International Ltd. ■ First State

Investments ■ Fitch Ratings ■ Fonds de Reserve pour

les Retraites ■ Fulbright & Jaworski International LLP ■

Gasfin ■ Gaz de France SUEZ ■ GBF ■ Generali

Deutschland Immobilien ■ GIC ■ Global Infrastructure

Partners ■ Global Private Equity ■ Goldman Sachs

International ■ Gowlings (UK) LLP ■ Hadrian's Wall

Capital ■ Hastings Funds Management (UK) Limited ■

Henderson Equity Partners ■ HgCapital ■ Highstar

Capital ■ HOCHTIEF AirPort ■ Hochtief Concessions ■

Hochtief PPP Solutions ■ IDFC Private Equity ■

Ilmarinen Mutual Pension Insurance ■ Impax Asset

Management ■ Industry Funds Management ■ Jefferies

Helix ■ JP Morgan Asset Management ■ JP Morgan

Private Equity Fund Services ■ JPG Private Equity ■ KfW

IPEX-Bank ■ Kohlberg Kravis Roberts & Co. ■ Konig &

Cie. ■ KPMG LLP ■ Lazard & Co ■ Loesch & Goudier

Partners ■ Lombard Odier & Cie ■ M&G Investments

■ Macquarie Bank ■ Madrid's Polytechnic University ■

Mainstream Renewable Power ■ Marguerite Adviser ■

Marsh Ltd. ■ Mayer Brown International LLP ■ MBIA

Insurance Corporation ■ Mercer Deutschland ■

Mercury Capital Advisors ■ Meridiam Infrastructure

Miller Insurance Services Limited ■ Mizuho Corporate

Bank ■ Mn Services ■ Monument Group ■ Morgan

Stanley ■ Motta, Fernandes Rocha Advogados ■ MVision

■ Natixis Environment & Infrastructure ■ Neuberger

Berman ■ NIBC Infrastructure Partners ■ OFI InfraVia

■ Panda Energy International ■ Pantheon Ventures ■

Partners Group AG ■ Phoenix Capital ■

PricewaterhouseCoopers ■ Prime Numbers

Infrastructure Finance ■ Principles of Responsible

Investment ■ Probitas Partners ■ Quartilium Fund of

Funds ■ R+V Lebensversicherung AG ■ Rabobank ■

RBS ■ Renewable Energy Asia Fund ■ RREEF ■ Sal

Oppenheim Private Equity Partners ■ Salans ■ Savills

Capital Advisors ■ SCM Strategic Capital Management ■

Scotia Capital ■ Seewhy Limited ■ SGS - Geneva ■

Simmons & Simmons ■ SJ Berwin ■ Solar Energy

Partners ■ Standard Chartered ■ Sumitomo Mitsui

Banking Corporation ■ SVG Capital ■ Swiss Re Private

Equity Partners AG ■ Table Rock Capital ■ The Bavarian

Ministry of the Interior ■ The Keston Institute for Public

Finance and Infrastructure Policy Institute ■ The World

Bank ■ Thomson Reuters ■ TKP Investments ■

Tortoise Capital Advisors ■ Transport Infrastructure

Investment Company ■ UBS Global Asset Management

■ UBS Investment Bank ■ Unicredit Group ■ Unigestion

■ Union Properties ■ Valiance Capital ■ VINCI

Concessions ■ Voltiq ■ WestLB AG ■

“THE infrastructure event in Europe – topical,

interesting and right at the cutting edge of

this asset class.”


Programme highlights:

The Data Snapshot

Inflation or deflation -

to be or not to be?

A review of the macroeconomic

scenarios that could materially

affect our industry.

The PEI Interview

A live on-stage interview

with Andrew Gillespie-Smith,

Principal at Global

Infrastructure Partners,

who will discuss in detail

the Gatwick Airport

syndication deal.

The LP Clinic

What investors really think:

advice and best practice in an

on-stage Q&A session, taking

questions – live and

unrehearsed – from the floor.

The Big Debate

This house believes only

pension funds should own

infrastructure assets in the

long term, not banks.

Two teams go head-to-head to

debate the motion.

www.peimedia.com/infraeurope11

REGISTER TODAY

Visit www.peimedia.com/infraeurope11

Or call London +44 (0)20 7566 5445


Day One: Thursday 17 March 2011

08:50 PEI welcome

Philip Borel,

Editorial Director,

PEI

09:00 Chairman’s welcome address

A NEW ERA

09:10 Opening keynote address

Infrastructure investments over the last 12 months –

What changed?

• Do private equity-style infrastructure funds still make sense?

Is direct investment the name of the game?

• Where does "value for money" leave the PPP market? Facing

an existential threat?

• Has performance through the Crisis materially changed the

way institutional investors think about infrastructure?

• What are the risk factors, today and tomorrow?

09:40 New alliances for different times – Financing solutions

for projects

• What people are thinking about PPP’s

• Dealing with budgetary pressures

• Different ways PPPs can be structured

• Possible alliances with concessionaires

Gershon Cohen,

Managing Director, Global Head of Project Finance,

Lloyds Bank Corporate Markets

Thierry Déau,

Chief Executive Officer,

Meridiam Infrastructure

Niels Konstantin Jensen,

Portfolio Manager, Master of Economics,

ATP Investments

10:30 Morning refreshments and networking

11:00 Developers – What are they doing and why?

• The rise of the developer fund

• Examples so far - exploring the different types of model

• When developers recycle assets, what does it mean for the

secondary market?

• How is the trend likely to evolve?

11:50 Panel discussion

Raising and accessing debt in the current environment

• Will credit become cheaper again once the crisis is over?

• Will there ever be a junior loan market again?

• The refinancing time bomb

• What will be the consequences of Basel III on project finance

and bank loan maturities?

Hafeez Ahmed,

Spence Clunie,

Partner, Chief Financial Officer,

Managing Partner,

EISER Infrastructure Partners Ancala Partners LLP

Claus Fintzen,

Bill Fish,

Director,

Senior Managing Director,

MBIA

Aladdin Capital Holdings

Sergio Ronga,

Director,

Macquarie Capital Advisers

12:40 Lunch

ENERGY AND EMERGING MARKETS

14:00 Workshops A & B (See Below)

FUND MANAGEMENT

14:50 Workshops C & D (See Below)

15:40 Afternoon refreshments and networking

ASSET MANAGEMENT AND OWNERSHIP

16:10 Panel discussion

Asset management – Effective management of

portfolio companies

• What are people doing with these assets?

• Creating operational efficiencies

• Ensuring good governance

• Building an effective management team

Jeffrey Altmann,

Senior Investment Manager,

First State Investments

17:00 The Big Debate

This house believes only pension funds should own

infrastructure assets in the long term, not banks.

Two teams go head-to-head to debate the motion.

Vincent Levita,

President,

OFI InfraVia

17:40 Close of day one and cocktail reception


Workshops:

14:00 Workshop A

The state of play in the energy infrastructure asset class

• Opportunities in the energy sector

• Key success factors in investing into energy infrastructure

•Recent deals and lessons learned

•Perceived risk of investing in renewable energy across Europe

Paul Rittersma,

Co-founder and Partner,

Voltiq

Eduard Ruijs,

Investment Director,

NIBC

14:00 Workshop B

Emerging markets infrastructure

•Are emerging markets the more interesting markets to invest in?

•Renewable funds versus general infrastructure funds

• Financing – allocation between developed and emerging markets

•Direct versus indirect investments

14:50 Workshop C

Effective risk management

• Are infrastructure targets too low to compensate for risks

associated with the asset class?

•Addressing supply demand dynamics

• A comprehensive update on regulatory risks – AIFM Directive

and Solvency II

• Dealing with FX risks

Martin Bennett,

Senior Vice President, Private Equity and M&A Practice,

Marsh Limited

14:50 Workshop D

Fund terms and fee structures

•What fee structure is considered market standard?

•The desire to use yield related carry / incentive structure

•Ensuring transparency

•Aligning LPs’ and GPs’ interests

Michael Halford,

Partner - Corporate Finance,

SJ Berwin

Sébastien Lecaudey,

Investor Relations,

Antin Infrastructure Partners

Infrastructure Investor: Berlin is an excellent event. It was the right

size with a very good mix of delegates. The interaction between

panels and the floor made for a stimulating debate – which provided

for different perspectives in the current environment.”


REGISTER TODAY

Visit www.peimedia.com/infraeurope11

Or call London +44 (0)20 7566 5445


Day Two: Friday 18 March 2011

08:00 LP breakfast (by invitation)

09:00 Chairman’s recap

09:10 Data Snapshot

Inflation or deflation: To be or not to be?

A review of the macroeconomic scenarios that could materially

affect our industry

LIMITED PARTNERS’ VIEWPOINT

09:40 LP panel discussion

What are the current challenges and opportunities in

the market?

• Will it be possible to extend the maturity of a closed-end

fund? Pros and cons for LPs

• Is there too much liquidity on the market? What should LPs

and managers do if this is the case?

• Direct versus indirect investments

• How should LPs be prepared to support projects?

Michael Barben,

Partner,

Partners Group AG

Karsten Sinner,

Senior Investment Officer,

European Investment Bank

Macky Tall,

Vice-President, Investments - Infrastructure,

Caisse de dépôt et placement du Québec

10:30 Morning refreshments and networking

11:00 The LP Clinic

How to best position your fund in today’s market

Practical tips and guidance from two seasoned investors in an

on-stage Q&A session.

FUNDRAISING

11:30 Panel discussion

Fundraising - How have funds performed?

• Funds that have closed – How long were they out and how

hard was it to raise capital?

• Dealing with limited equity

• Fundraising for listed and unlisted funds

• Closed versus open ended funds

Mounir Guen,

Chief Executive Officer,

MVision

Renaud de Matharel,

CEO & Managing Partner,

Cube Infrastructure Fund

Alain Rauscher,

Founder and CEO,

Antin Infrastructure Partners

RECENT DEALS AND FUTURE OUTLOOK

12:20 The PEI Interview

Equity syndication of Gatwick airport

Interviewee

Andrew Gillespie-Smith,

Principal,

Global Infrastructure Partners

12:50 Closing keynote panel

Infrastructure investments – What does the future hold?

• Lessons learned from the crisis, which investments

performed better?

• Too many funds available for too few opportunities

• The desire to use yield related carry / incentive structure

• Value creation in the post-crisis world where super leverage

is forbidden

Michael Bates,

Partner, Banking and Finance,

Clifford Chance

Danny Latham,

Head of Infrastructure Investments, Europe,

First State Investments

13:40 Chairman’s closing remarks

13:50 Lunch and close of conference


Venue:

Radisson Blu Hotel

Karl-Liebknecht-Strasse 3, DE-10178 Berlin, Germany

Switchboard: +49 (0)30 23828 0 Reservations: +49 (0)30 238 28 3500

F +49 (0)30 238 28 20 W www.radissonblu.com/hotel-berlin

The event will be held at the Radisson Blu Hotel in Berlin.

Located in the historical heart of Berlin, the hotel is situated on the bank of the river

Spree, opposite to the Berlin Cathedral and Museum Island. The attraction of the

hotel lobby is the "AquaDom". Standing 25 metres high, it's the world's largest

cylindrical aquarium with 1 million litres of saltwater, habitat to many species of

tropical fish. All 427 rooms and suites are tastefully decorated and have a

spectacular view of either Berlin or the tropical underwater world of the "AquaDom".

Quote PEI – Infra 11 for the following Standard Room rates:

€159 - single occupancy €169 - double occupancy

About PEI:

PEI is the leading financial information group dedicated to alternative assets globally –

private equity, real estate and infrastructure.

We provide news, intelligence and insight of the highest value to the private equity industry

globally in a number of different formats. We publish five magazines, host four news

websites, manage what is probably the most extensive set of databases dedicated to

alternative assets, run 22 annual conferences globally, publish a library of 20 books and

directories and have a fast growing training business.

Over the years we have grown into a widely-known and highly-regarded business that

delivers detailed coverage to our customers. We have members of our award-winning

editorial team sat in all three of our offices [London, New York and Singapore] and likewise

our conference business runs events based from each of these locations.

We feel strongly that the industries we cover are inherently international and resolutely

cross-border - so to cover them effectively we must be able to connect with them in every

market and in any time zone. We take great pride in designing and delivering forums that

are substantive, topical, well organised and, as a result, well attended. Combining

education with interaction, you will gain both practical and strategic knowledge whilst

significantly developing your network of contacts.

caption:

caption:

For forthcoming events see:

www.peimedia.com/events

Magazines

Books

Conferences

Data

REGISTER TODAY

Visit www.peimedia.com/infraeurope11

Or call London +44 (0)20 7566 5445


Attendees at the 2010 forum:

2%

9%

43%

46%

■ Managing Director / Director ..........38%

■ Partner ............................................18%

■ Head of Department ..........................8%

■ Investment Manager / Director..........5%

■ President / Vice President..................9%

■ CEO / Founder ....................................5%

■ Finance professional ..........................5%

■ Other ................................................12%

■ ROW ....................................................2%

Europe ..............................................43%

■ UK ....................................................46%

■ USA ....................................................9%

12%

5%

5%

9%

“A rare opportunity to address

the hot topics of the industry...”


38%

8%

5%

18%

Top ten reasons

to attend:

1 Gain unrivalled access to

institutional investors focussed on

infrastructure

2 Hear from over 50 distinguished

speakers addressing the most

pressing issues facing the industry

3 Meet with industry peers from more

than 15 countries around the world

4 Understand the macro-economic

implications on infrastructure

investments

5 Understand investor expectations –

open versus closed funds, direct

versus indirect investments

6 Review recent deals in detail – how

were they financed and structured?

7 Examine market data - key

infrastructure trends and

developments and where will we go

from here?

8 Explore funds that have closed –

how long were they out and how

hard was it to raise capital?

9 Delve into best practice asset

management - how are companies

managing their portfolio

companies?

10 Network with your peers and

influential investors from around

the world in the professional and

sophisticated setting of the

Radisson Blu Hotel in Berlin.

For information about the

agenda please contact:

Alfred Mani on +44 (0)20 7566 5439

or email alfred.m@peimedia.com

REGISTER TODAY

Visit www.peimedia.com/infraeurope11

Or call +44 (0)20 7566 5445


Five easy ways to register

www.peimedia.com/

infraeurope11

Tereza.l@peimedia.com

+44 (0) 20 7566 5445

+44 (0) 20 7566 5455

Post with payment to

Conference Registrations,

PEI Media Group Ltd,

Sycamore House,

Sycamore Street,

London, EC1Y 0SG, UK

Infrastructure Investor: Europe 17 - 18 March 2011 | Berlin

Mr/Ms/Mrs ........................First name ........................................Last name ..................................

Job Title ............................................................................................................................................

Delegate 2 ........................................................................................................................................

Extra delegates from the same company receive a discount on the full registration fee

(see below for details).

Company name ................................................................................................................................

Address ............................................................................................................................................

City ....................................Post/Zip code ....................................Country ......................................

Tel ......................................................................Email ....................................................................

Area of interest ................................................................................................................................

Register

Institutional

LPs attend

for free*

Contact

alfred.m@peimedia.com

to confirm eligibility

Early Bird Bookings

Regular Price

February 2011

valid until 4th February 2011 valid after 4th

One Person ❑ £1,395 ❑ £1,595

Two People ❑ £2,630 ❑ £3,030

Book for three or more people from the same organisation and receive a 50% discount on the price of third

and subsequent delegates - contact Tereza for details. All rates exclude German VAT at 19% which will be

added to your invoice / credit card transaction.

Payment

Payment can be made by American Express, Visa, MasterCard or by wire transfer. Full payment must

be received prior to the event. If registering four weeks or less prior to the event, payment must be

made by credit card.

❑ By Wire Transfer ❑ By Credit Card - American Express/Visa/MasterCard

Name on Card ....................................................Card Number ........................................................

Expiry Date ........................................................Signature ..............................................................

Cancellation Policy

Please read our terms and conditions on www.peimedia.com/conferences. For more

information regarding administrative policies please contact Tereza on +44 (0) 20 7566 5445

* Institutional investors and limited partners from foundations, endowments and public and private pension funds will receive

a complimentary pass to attend this event. Excludes fund of funds. Promo codes cannot be applied to existing registrations.

Please do not make any travel arrangements until we have confirmed your eligibility.


PEI London

Sycamore House

Sycamore Street

London

EC1Y 0SG

T: +44 20 7566 5444

F: +44 20 7566 5455

PEI New York

3 East 28th Street

7th Floor

New York, NY 10016

T: +1 212 645 1919

F: +1 212 633 2904

PEI Singapore

105 Cecil Street

Unit 10-01 The Octagon

Singapore 069534

T: +65 6838 4563

F: +65 6334 4391

www.peimedia.com/infraeurope11

More magazines by this user
Similar magazines