Direct Lending & Private Debt Going Forward: An Investor Roadmap

Hosted by Millennium Trust
December 17, 2020
11:00 AM - 12:00 PM ET
Panel

Private Credit offers the potential for a strong alternative to traditional fixed income but it is important for investors to understand the different types of private credit–especially in uncertain times like now. In this panel, we will explore the various strategies and their opportunities and risks. We will focus on both the challenges and opportunities in this current pandemic environment.

  • Navigating the business cycle in 2021
  • New opportunities in 2021
  • Why Private Credit and Debt are attractive asset classes in moving forward
  • How Private and Private Debt will compare to other fixed income strategies
  • How deals are being structured to manage risk

Event Recording

Direct Lending and Private Debt Going Forward An Investor Roadmap

01:07:17

Speakers

  • Matt Kiggins

    Title
    Senior Vice President, Regional Director
    @
    Company
    Millennium Trust
    Role
    Moderator

    Matt Kiggins is SVP and Regional Director with Millennium Trust Company, a $30B Qualified Custodian servicing the Alternative Investments space. He is responsible for driving growth within the Institutional Custody channel with a focus on providing Fund Custody, Safekeeping, Verification services to Registered Investment Advisors (RIAs), Fund Managers, and Institutions. Prior to his role at Millennium Trust Co he spent 10 years at Fidelity Investments in Boston and has close to 25 years of experience in the financial services space. He is a 1996 graduate of Fitchburg State University where he earned a Bachelor of Science degree in Economics and has previously held FINRA Series 7 & 63 licenses.

  • Brett Hickey

    Title
    Chief Executive Officer
    @
    Company
    Star Mountain Capital
    Role
    Panelist

    Brett Hickey has over 20 years of private investing and investment banking experience with over 15 years spent directly in the U.S. lower middle-market. He has completed over 125 private equity, private credit and secondary fund investments.

    Mr. Hickey is the Founder & CEO of Star Mountain Capital, LLC, a multi-billion dollar specialized private investment firm, making loans, private equity investments and secondary fund purchases across its Collaborative Ecosystem® in the lower middle-market. Driven by culture and stakeholder alignment, Star Mountain has been recognized as one of the Best Places to Work by Crain’s and Pensions & Investments in both 2020 and 2019.

    Previously worked as an Investment Banker at Citigroup Global Markets in New York City (formerly known as Salomon Smith Barney) where he completed over $24 billion in transactions for financial institutions.

    Graduated with Distinction from McGill University in Montreal, Canada with a Bachelor of Commerce degree in Finance and Accounting. He is an alumnus of Harvard Business School’s Owner, President / Manager executive training and management program.

    Board positions include Harvard Alumni Entrepreneurs, Help for Children and the YMCA of Greenwich. He is also the Founder & Chairman of the Star Mountain Charitable Foundation, a 501(c)(3) focused on job creation (including for veterans, women and athletes), economic development and health & wellness. Mr. Hickey is a member of YPO and is a former Canadian national gold medalist and North American medalist in speed skating.

  • Rob Jafek

    Title
    Founder
    @
    Company
    Boomerang Capital
    Role
    Panelist

    Rob has been involved in all phases of Boomerang’s development since its inception and oversees its operations. He previously held various principal investing roles including Head of International Trading for Nicholas Applegate Capital Management and Analyst at Tiger Management. He has founded and managed two alternative investment firms: Plumeria Advisors and Torrey Pines Capital Management. He started his career as an investment banking Analyst at Morgan Stanley. He received a BA in Finance from The University of Utah and a Masters in Innovation and Entrepreneurship from HEC Paris. He is a contributing member to Forbes.com and a member of the Forbes Real Estate Council and teaches business as an Adjunct Professor at the UC Berkeley School of Law.

  • Jordan Suppan

    Title
    Managing Director
    @
    Company
    Leste
    Role
    Panelist

    Jordan Suppan is a Managing Director at Leste focusing on originating and executing structured real estate credit investments. Mr. Suppan also serves as Managing Partner of Lendmarq, which was recently acquired by Leste. Lendmarq is a credit platform focused on deploying capital in the residential transitional loan space as well as small balance commercial real estate loans. Mr. Suppan has over 12 years of real estate and structured finance experience, having worked Fortress Investment Group's industrial platform, Florida East Coast Industries, Wellington Management and JP Morgan's large loan CMBS team, in addition to having started several real estate entrepreneurial ventures. He graduated magna cum laude from Babson College.

  • Brian M. Prenoveau, CFA

    Title
    Director, Investor Relations and SEC Compliance
    @
    Company
    Safe Harbor Equiity
    Role
    Panelist

    Brian is the Director of Investor Relations and SEC Compliance at Safe Harbor Equity. Brian has over 12 years of investor relations experience specializing in IPOs, shareholder turnover, cultivating Wall Street relationships, financial analysis, model construction. In addition, Brian spent 5 years on the sell side equity research covering REITs & consumer products. He has his B.S. Finance from Miami University (OH), and holds the Chartered Financial Analyst (CFA) designation.

About

Safe Harbor Equiity

Safe Harbor Equity is an opportunistic private equity firm that strategically acquires, originates, manages and repositions performing and nonperforming asset-backed real estate mortgages up to $20 million.

With a proven track record of success navigating the complexities of the distressed debt space, Safe Harbor Equity seeks to preserve investor capital while targeting IRR’s of 20% or higher by leveraging highly sophisticated, bleeding-edge analytical techniques, coupled with decades of collective experience, to provide its investors superior returns that are uncorrelated with market volatility.

Leveraging its extensive contacts in the secondary markets for residential and commercial real estate loans; the investment banking and private equity communities, and the commercial and residential real estate sectors in general, Safe Harbor Equity leverages its extensive network to source deals and seize upon unique opportunities wherever they may arise.


Boomerang Capital

Boomerang Finance, LLC (the “Fund”) has an investment objective of providing income with limited variability in returns. This is accomplished by providing short-term, business-purpose loans secured by real estate in a first lien position with the additional protections of a personal guarantee from borrowers and cross collateralization. All loans are self-originated, and risk managed through careful underwriting, thoughtful portfolio construction and consistent servicing. The majority of borrowers are return clients. Exposure is broad-based, and the Fund is structured as a REIT.

Star Mountain Capital

Star Mountain is a specialized asset management firm focused exclusively on the U.S. lower middle-market by investing debt and equity directly into established operating companies, making strategic investments into fund managers and purchasing secondary fund positions. Star Mountain Capital, founded in 2010 by Brett Hickey, is a specialized asset management firm focused exclusively on the large and fragmented U.S. lower middle-market. Backed by some of the world’s most sophisticated institutional and high-net-worth investors, Star Mountain has developed a unique and proprietary platform to provide investors with highly diversified access to the attractive risk-reward opportunities available from established businesses that are not large enough to access the more efficient U.S. capital markets.

Millennium Trust

Millennium Trust Co is a $30B+ Qualified Custodian specializing in providing custody solutions for fund managers, RIAs, institutions, investment platforms, and marketplace lenders, whether they are in need of institutional custody services for funds or alternative asset expertise for their investors. We are based on Oak Brook, IL, currently have over 400 employees and are privately owned by Boston-based Investment Company, Abry Partners.

Leste

Leste is an investment platform founded in 2014 by senior executives with robust experience in financial markets, corporations, real estate companies and law firms.Leste has offices in Miami, London, Rio de Janeiro and São Paulo.