Connecting Japanese capital to global private debt opportunities
The 5th annual PDI Tokyo Forum returned on 29 June 2023 to discuss the future capital flow from Japan to global private debt markets with 200+ attendees and Japanese investors.
Understand key trends shaping investors’ decision-making process and crucial qualities they look for in a fund manager when allocating capital.
Register your place here to get the best savings to join Japanese and Korean investors in-person in 2024.
Part of the Japan Korea Week
The Tokyo Forum was part of the Private Debt Investor Japan Korea Week took place on 26-29 June. Over 300 senior decision-makers joined one week of unrivalled networking across two regional hubs.
View how to access the Japan Korea Week and 150+ institutional investors here.
Keynote interview: The role of private debt in JST
Tadasu Matsuo
Managing Director and Head of Global Alternative Investments
Japan Science and Technology Agency (JST)
In this special interview with Tadasu Matsuo, head of global alternative investments at JST (AUM$80.7b) shared their private credit investment strategies and Japanese institutional investors’ perspective on key investment considerations when allocating to this asset class.
Keynote presentation: The opportunity in Australian Private Debt
Andrew shared an overview of the Australian and international private debt markets and the new opportunities arising from the markets to drive your portfolio growth.
2023 speakers:
Why attend Tokyo Forum?
Meet Japan’s investor community
Connect with behemoth investors GPIF, Japan Post Bank, Dai-ichi Life Insurance and more Japanese investors in person for the first time since the pandemic.
Gain a strategic edge
Understand investors’ changing needs and appetite shift towards different strategies.
Build lasting relationships in-person
Catch up with Japanese investors and global private credit leaders to discuss future portfolio strategies.
Key conversations shaping the conference:
- How do investors view private debt’s role in future portfolios?
- Where does Japanese investors’ focus shift on debt strategies and how to stay resilient?
- Global GPs’ insight on the best risk-adjusted returns
- And more.
What our delegates say
Qianru Yang
Keppel Capital
Well thought through and relevant content. Provides good insight into how LPs think about this asset class.
Ryoko Katayama
Topaz Capital
Very well organized and structured. Great access to the assets’ leading players and insights.
Harald Eggerstedt
Towers Watson
PDI events bring private debt investment and structuring expertise together like no other conference I have attended.
Download the event brochure to discover:
- Crucial conversations and trends shaping Japanese investor allocations
- Our keynote speakers
- Featured investor and thought-leading speakers
- Confirmed attendees you will meet this June
- and much more.
Apply for a complimentary Institutional Investor pass
A limited number of complimentary passes are available for allocators and institutional investors to join the event.
To qualify for a complimentary pass, you must meet the eligibility criteria in representing a pension fund, insurance company, sovereign wealth fund, private wealth manager, foundation, endowment, family office or corporate investment division.
Apply for a pass and a member of our team will follow up with you.
日本の資本と世界のプライベート・デットの架け橋
6月29日(木)にて開催する第5回年次「PDI Tokyo Forum」では、世界各国のプライベート・デット・コミュニティーが一堂に集まり、グローバルな権限を有するグローバルなファンドマネージャーと日本の機関投資家とを結びつけます。
急激に変化するグローバル環境を鑑み、東京フォーラムでは、基準の設定、グローバルな機会の提示、貴社の業績アップに資するネットワークを構築する機会を提供し続けます。
最も信頼がおけるグローバルなプライベート・デットの情報発信の場「Private Debt Investor」の地位を活用するにあたり、このフォーラムは、日本における主要機関投資家との人脈づくりの場として、または影響力のあるグローバルなふぁんとの交流の場として最適です。
今年絶対にお見逃しなく
プライベートデットカンファレンスシリーズ
「PDI Tokyo Forum」は PDI Japan Korea Weekの開幕フォーラムとして、東京でグローバルコミュニティと繋がり、グローバル市場洞察力を得るイベントです。
Why Tokyo Forum?
日本と世界の投資家コミュニティとの出会い
ゆうちょ銀行、第一生命保険、国立研究開発法人科学技術振興機構(JST)、ブラックストーン、HPSをはじめとする大物投資家と直接デット投資の戦略を交流することができます。
戦略的な優位性を獲得
投資家のニーズ変化と、さまざまな戦略への欲求が変更していることを理解できます。
対面での持続的な関係構築
日本の投資家やグローバルなプライベートクレジットのリーダーたちと情報交換し、今後のポートフォリオ戦略について話し合いましょう。
キーノートスピーカーに会う
松尾 匡氏(左)
10兆円規模の大学ファンドを運用する国立研究開発法人科学技術振興機構(JST)
マネージング・ディレクター
オルタナティブ投資統括責任者
日本で10兆円規模を誇る大学ファンドのJSTから、同機構のオルタナティブ投資を強化するという方針に沿ったプライベートデット投資アプローチをご紹介いただきます。
Andrew Lockhart氏(右)
Metrics Credit Partners
マネージング・パートナー
PEとデットの機関投資家のAndrew Lockhart氏が、オーストラリアのプライベート・デットマーケットについての情報を共有してください。
2023 講演者陣
Kerry Dolan
Founder and Managing Partner, Brinley Partners
Ming Eng
Managing Partner, Orion Capital Asia
Michael Gross
Co-Founder, SLR Capital Partners
Makoto Ichioka
Deputy General Manager, Fund Management Group, Investment Planning Department, Mitsui Sumitomo Primary Life Insurance Company
Yuji Sakurai
Senior Vice President, Strategic Finance Department, Development Bank of Japan
Joji Takeuchi
Executive Manager, Private Asset Investments, Strategic Fund Investment Group, Asset Management One
Junichi Tanaka
General Manager, Responsible Investment, Sumitomo Life Insurance
Edwin Wong
Partner and Head, Ares Asia
このカンファレンスを構成する主要な話題:
- 投資家はプライベートデットが今後のポートフォリオにどのような役割を果たすと見ているか?
- 日本の投資家のデット戦略における重点はどこへシフトするのか、またどのようにレジリエンスを維持するのか?
- リスク調整後のベストリターンに対するグローバルGPの洞察
- 他にもたくさんあります。
機関投資家参加パス申請
資産機関と機関投資家の場合、イベントに参加できる限られた無料パスが提供されます。
参加パスの対象者には財団、基金、保険会社、シングルファミリーオフィス、政府系ファンド、公的・私的年金基金を代表する方々です。
第三者による資金調達活動を行わず、助言やコンサルティングサービスに対する手数料を徴収していないことが条件となります。また、パスは主に自己勘定でファンドに投資する機関に限定されます。
以下のフォームにご申し込むと、うちのチームメンバーが参加確定のためにご連絡いたします。
Discover trending topics
Download the agenda today to discover trending topics shaping the Japanese investor allocations.
Agenda
PDI Tokyo Forum - Thursday 29th
Registration, networking, and welcome refreshment
Investor only closed-door interactive roundtable [Japanese]
An opportunity for investors network in a comfortable environment and discuss best practices for engaging with fund managers during due diligence and management, main challenges in structuring and diversifying their private debt strategies. The roundtable will be facilitated by: Xiaodong (Akina) Chang, Senior Fund Manager, Private Equity Investment Department, Tokio Marine Asset Management, Kunio Kamoi, Senior Product Manager, Fund Research and Development Division, and Kanako Yabuki, Product Manager, Mitsubishi UFJ Trust and Banking Corporation. Please contact Momo Sato at momo.s@pei.group to secure your place.
PEI welcome
Opening remarks
Opening panel: Why private credit is here to weather the storm [English]
- Is moving to private credit a temporary shift or a permanent change in lending dynamics?
- What is changed, changing and unchanged for credit investment strategies after pandemic?
- Expert views on current investing landscape, macroeconomy, default rates and stagflation
- How to take into ESG considerations such as climate solution and net zero strategy in the private debt space
Keynote presentation: The opportunity in Australian Private Debt [English]
- Opportunity in Australian private debt
- Key differences between Australian and international private debt
- The importance of direct origination and risk management in delivering better investor outcomes
- How to incorporate Australian private debt into an investment portfolio
Networking break
Panel: Pan-Asia private credit opportunities [English]
- Why is private debt on the rise as an asset class in Asia?
- Compare key regions in Asia, what are the relative attractions of each, in terms of liquidity, yields and sectors
- What views are managers hearing from investors? Are they ahead of the game, or take a wait-and-see approach?
Presentation: Active management during stress; how to think about downside protection in direct lending and the restructuring process [English]
Vikas Keswani
Managing Director and Head of North American Specialty Lending, HPS Investment Partners
Read bioKeynote interview: What’s the role for private debt in the university endowment fund portfolios going forward? [Japanese]
Networking luncheon
Private Debt in Numbers [English]
Panel: Safeguarding your investment - what covenants looks like today and what are the key questions investors should ask when it comes to covenants?[English]
- Do managers agree that there has been a trend for documentation loosening over the past several years? Are there any terms that managers insist upon?
- What level of flexibility of mandates appealing to Japanese institutional investors?
- ESG requirements are being more stringent than pre-pandemic, is this trend rising in Japan?
Panel: New strategies and emerging sectors [English]
- Are investors willing to target more opportunistic strategies in exchange for a bit more risk?
- Deep dive into collateralized loan obligation (CLOs), asset-backed loans, venture debts specialty finance, fund finance and NAV financing – Which approach will let investors sleep well at night? Is private debt secondaries the next wave?
- Examining sectors such as royalties, technology, healthcare, etc.
Networking break
Panel: Conducting due diligence and stress testing [Japanese]
- Perspectives from gatekeepers and investors: private credit vs alternatives
- Private debt is relatively new to many Japanese investors – what are “must have”, “should have” and “won’t have” during the due diligence process?
- How can issuers and investors mitigate risks and avoid potential pitfalls?
Kunio Kamoi
Senior Product Manager, Fund Research and Development Division, Mitsubishi UFJ Trust and Banking Corporation
Read bioPanel: Distressed debt and special situations – Is now a good time for investors to be a “white knight”? [Japanese & English]
- Given the volatility, inflationary pressures and geopolitical tension, distressed debt opportunities are on the uptick – which sectors and regions are more attractive?
- What is the status of special situations and non-performing market today?
- Which sectors have managers seen increasing activities and will keep an eye on in the following year?
Panel: Where do Japanese asset owners see pockets of opportunity? [Japanese]
- What are top criteria when selecting new private debt funds?
- How have been investors sentiments investing in senior debt vs subordinated vs distressed debt vs real asset debts?
- What is current private debt portfolio construction and upcoming plan?
Koji Sugauchi
Director and General Manager, Fund Management Department, Osaka Shoko Shinkin Bank
Read bioMakoto Ichioka
Deputy General Manager, Fund Management Group, Investment Planning Department, Mitsui Sumitomo Primary Life Insurance Company
Read bioKatsuyuki Tokushima
Director, Member of the Board and Head of Pension Research and ESG Development, NLI Research Institute
Read bioClosing remarks, followed by networking cocktail reception and end of 5th PDI Japan Korea Week
Institutional Investors at the Tokyo Forum
A limited number of complimentary passes are available for eligible allocators and institutional investors to join the event. To qualify for a complimentary pass, you must meet the eligibility criteria in representing a pension fund, insurance company, sovereign wealth fund, private wealth manager, foundation, endowment, family office or corporate investment division who are actively making fund commitments and do not engage in third-party fundraising activities or collect fees for advisory/consulting services.
Apply for a pass and a member of our team will be in touch to confirm your eligibility.
Investors at PDI Tokyo Forum
The Forum is the largest meeting place for institutional and private investors, and other members of the private debt community in Japan.
Check out the benefits of joining the conference and who among your peers you will be joining. Apply for a complimentary pass for you or your team today.
Why Tokyo Forum?
Meet the biggest global funds
Network and arrange one-to-one meetings with the biggest and leading private debt managers.
Network with your peers
Connect with your peers and understand their strategies and allocation approach to private debt at our networking cocktail and luncheon.
Get the latest insights
Discuss the opportunities and challenges your peers are facing in the market at the investor roundtable.
Explore opportunities
Find investment opportunities across different debt strategies, from direct lending, mezzanine, and unitranche lending.
What to expect?
80+
Institutional Investors
50+
Speakers
150+
Attendees
Our year-on-year investor attendees include:
Part of the PDI Japan Korea Week
Apply for a complimentary Institutional Investor pass
A limited number of complimentary passes are available for eligible allocators and institutional investors to join the event.
Complimentary investor passes are limited to foundations, endowments, insurance companies, single family offices, sovereign wealth funds and pension funds who are actively making fund commitments and do not engage in third-party fundraising activities or collect fees for advisory/consulting services.
Apply for a pass and a member of our team will be in touch to confirm your eligibility.
Discover your event experience
Pre-Event Resources
2023 Confirmed speakers:
Contact producer, Niann Lai at niann.l@pei.group if you’re interested in speaking at the conference.
Xiaodong (Akina) Chang
Senior Fund Manager, Private Equity Investment Department, Tokio Marine Asset Management
Makoto Ichioka
Deputy General Manager, Fund Management Group, Investment Planning Department, Mitsui Sumitomo Primary Life Insurance Company
Kunio Kamoi
Senior Product Manager, Fund Research and Development Division, Mitsubishi UFJ Trust and Banking Corporation
Vikas Keswani
Managing Director and Head of North American Specialty Lending, HPS Investment Partners
Jeff Levin
Managing Director of Morgan Stanley, Co-Head of Morgan Stanley’s North America Private Credit team, Portfolio Manager and the Head of Direct Lending, Morgan Stanley Investment Management
Tadasu Matsuo
Managing Director and Head of Global Alternative Investments, Japan Science and Technology Agency (JST)
Antonella Napolitano
Managing Director, Global Head of Investor Relations & Capital Formation, Deerpath Capital Management
Joji Takeuchi
Executive Manager, Private Asset Investments, Strategic Fund Investment Group, Asset Management One
Katsuyuki Tokushima
Director, Member of the Board and Head of Pension Research and ESG Development, NLI Research Institute
Raise your profile among senior private debt decision-makers
Build and develop your company’s brand image, strengthen your market credibility, and meet your investment and business goals. Sponsorship gives you:
- VIP access
- Thought-leadership opportunities
- High-profile branding
- And much more …
For more information on available sponsorship opportunities, please contact Beth Piercy at beth.p@peimedia.com or call +44 20 7566 5464.