16
Oct
Panel -State of the market- the increasing convergence of private markets
A higher interest rate environment, fundraising challenges and geopolitical uncertainties have meant that private market participants have found themselves entering a new phase of maturation and consolidation, with established managers making strategic acquisitions in a bid to innovate and diversify their product offerings. This panel session will provide an overview of various segments of the investment class, including private equity, private debt, infrastructure, how consolidation has impacted the market, and how GPs and LPs in the space are navigating the ever-evolving private markets space.
- What are the main drivers of deal flow in the US, and what are the opportunities and challenges?
- What has driven the acceleration of consolidation in the market in the past few years? How will consolidation and integration become a value-add as we enter a new era of private markets?
- How can firms best position themselves for the future as the industry continues to transform?
-
SpeakersEric Althofer Partner CROWDOUT CAPITAL
Kevin Burke Partner and Head of Strategy SAPPHIRE VENTURES
Andrew Knox Managing Director, Head of Capital Formation PENNYBACKER CAPITAL
Todd Leedy Director, Private Real Assets APOGEM CAPITAL
William Prather CEO & CIO CYPRESS CREEK PARTNERS
Tom Cane Funds Editor MERGERMARKET
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseSign-up to join the ION Analytics Community to:
- Register for events
- Access market insights
- Download reports
Mr. Althofer, 41, began his career in strategy consulting where he worked as an analyst and associate in the Strategy & Operations practice of Deloitte Consulting after graduating cum laude from Washington University in St. Louis in 2001 with a degree in Economics and minors in Philosophy and Humanities. After receiving his Master of Business Administration, with distinction, from the University of Michigan Ross School of Business, with emphases in Finance and Accounting, Mr. Althofer transitioned into financial services where he spent roughly 3 years as an associate with Jefferies, working in the Consumer & Retail coverage group, where he executed over 25 M&A, debt, and equity transactions. Leveraging his background in consulting and investment banking, Mr. Althofer accepted a role with Capitala Investment Advisors where he progressed from a Vice President to Director, principally responsible for screening, structuring, underwriting and executing potential credit investments. Mr. Althofer was also integrally involved in growing the portfolio monitoring team and actively managing the growing portfolio of Capitala's credit investments. Most recently, Mr. Althofer served as Chief Operating Officer and Managing Director of Finance/M&A at Live Ventures (NASDAQ: LIVE), a publicly traded investment holding company where he oversaw all M&A efforts, as well worked with Live Venture's existing subsidiaries to manage their capital structures and lending relationships, and helped develop enhanced underwriting and reporting processes across the platform.
Over the past 20 years, Mr. Althofer has developed a broad range of experiences across both operations and investing and has executed numerous transactions on both the buy-side and sell-side for a wide range of companies from food manufacturers and retailers to manufacturers and suppliers of highly engineered metal products and healthcare testing and distribution businesses
Kevin is a Partner and Head of Strategy for Sapphire Ventures, where he is responsible for advising the investment teams, portfolio companies, and limited partners on key market trends and dynamics. Kevin works across all Sapphire strategies to help the firm best execute against current opportunities, while also identifying and evaluating future focus areas.
Prior to joining Sapphire, Kevin spent 7.5 years in Corporate Strategy at Microsoft where he was a Senior Director and member of the strategy leadership team. In this role, Kevin worked directly with Microsoft’s Leadership Team on the company’s most critical strategic growth initiatives, with work that touched both existing and new product categories, go-to-market, M&A, and partnerships. Prior to Microsoft, Kevin worked at Booz & Company in the firm’s Technology, Media, and Telecom practice where he consulted for several Fortune 100 technology clients in the software and ecommerce categories, and also was selected as one of the 3 members of the inaugural class of the Katzenbach Center’s Leadership Program.
Kevin is a graduate of the McCombs School of Business at the University of Texas-Austin, as well as of Emory University, where he majored in Economics. He currently lives in Austin, TX with his beautiful wife Cassie and their two children, Olivia and Owen.
Andrew leads the Pennybacker Capital Formation team’s efforts to develop and foster relationships with the firm’s existing and prospective limited partners.
Andrew has over 15 years of real estate experience across capital formation, client service, acquisitions, and brokerage. Prior to Pennybacker, Andrew spent over 10 years at Stockbridge Capital Group as a Senior Vice President and Head of Capital Formation & Client Service for the firms Core and Value Platform. Prior to Stockbridge, Andrew was an acquisitions associate at Preferred Real Estate Funds and started his career at Ackerman & Company, a regional real estate brokerage firm in Atlanta.
Andrew graduated with a BA from Wake Forest University where he was a member of the university’s baseball team.
Todd Leedy focuses on Apogem Capital’s real assets investment capability, which includes sourcing, underwriting, and monitoring specifically for private natural resources and infrastructure investments.
Todd joined Apogem from PA Capital, where he has worked since 2016. Prior to joining PA, Todd spent 10 years at DiMeo Schneider & Associates, where he served as Director of Real Assets and Private Equity Manager Research and was the author of several publications. Prior to DiMeo Schneider, Todd held investment roles at The Wealth Office and Cambridge Associates. Todd earned a B.S. from the University of Richmond and is a CFA Charterholder.
15+ years of investment experience across global private and public markets with over $4 billion invested. Former Head of Infrastructure and Natural Resources at the University of Texas/Texas A&M Investment Management Company (“UTIMCO”). Prior investment roles at Blackrock and Lehman Brothers. BBA and MPA from McCombs School of Business, University of Texas at Austin.
As Funds Editor, Tom is launching Mergermarket's coverage of private funds in North America, which includes profiles of GPs and LPs, news and insights on funds, and data-driven analysis. Based in Chicago, he has over 15 years' experience in financial journalism, predominantly as an M&A and ECM specialist, as part of the former Acuris, and now ION Analytics. Starting as a reporter in London, Tom covered the financial services and real estate sectors for Dealreporter during the global financial crisis, including a secondment at the Financial Times. He has also been based in Hong Kong and New York, with highlights including launching Mergermarket's coverage of the Asian ECM market, as well as serving as Managing Editor for Mergermarket and Dealreporter in both APAC and the Americas, overseeing large teams of over 50 journalists. Most recently, he served as Chief of Staff to ION Analytics' Chief Content Officer, who he supported in strategic planning, operations and communications.