Capturing Value in the Private Debt Investments - Interview: Christophe Baviere, CEO, Idinvest Partners, European Pensions & Investments Summit 2014
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Capturing Value in the Private Debt Investments - Interview: Christophe Baviere, CEO, Idinvest Partners, European Pensions & Investments Summit 2014

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For more information contact: emailus@marcusevans.com ...

For more information contact: emailus@marcusevans.com

Christophe Baviere who is the CEO at Idinvest Partners and a sponsor at the European Pensions & Investments Summit 2014 shares his thoughts on investing in private debt.

Join the 2015 Summit along with leading regional pension investors and global asset managers in an intimate environment for a focused discussion of key new drivers shaping institutional investment strategies today.

For more information contact: emailus@marcusevans.com

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Capturing Value in the Private Debt Investments - Interview: Christophe Baviere, CEO, Idinvest Partners, European Pensions & Investments Summit 2014 Capturing Value in the Private Debt Investments - Interview: Christophe Baviere, CEO, Idinvest Partners, European Pensions & Investments Summit 2014 Document Transcript

  • Capturing Value in Private Debt Investments Many large institutional investors have a relatively mature approach to private equity, but very few have an established approach to the private debt asset class. This is surprising to us, as there is no reason for that. What expertise is required to invest in private debt? Interview with: Christophe Baviere, Chief Executive Officer, Idinvest Partners “In the current marketplace, investors should consider increasing their asset allocation to the private debt segment, focusing on the lower end of midmarket companies where financing is not in competition with private placements or bond issues,” advises Christophe Baviere, Chief Executive Officer, Idinvest Partners. “They need to concentrate on the most inefficient components of the market where they can still capture good asset value,” he adds. Idinvest Partners is a sponsor company attending the marcus evans European Pensions & Investments Summit 2014, in Montreux, Switzerland, 28 - 30 April. In this economic landscape, what assets should investors consider a d di ng to t h ei r in ves t m ent portfolio? Why? One of their biggest issues today is the reduction of interest, which is making investments less and less profitable on listed bonds. They have an appetite for assets that deliver returns relatively regularly or fast, but return from fixed income investments has slowed down. To answer to this need, we propose investing in private debt. Private debt has two components: the mezzanine market and the senior loan market. To invest in privately owned mid-market companies in Europe, you must be fully dedicated to it. It is a patchwork made up of local constraints, networks and access. There is a large variety of legal structures and regulations to deal with, and the way business is done in each country differs. Good news is that this segment of the market is not completely efficient. Information is not shared by everyone at the same time, but to be successful with mid-market companies, you need maximum access to information through different sources. You need access to deals through different angles to really deploy the best selection of investments. That is what we are dedicated to at Idinvest. What do you look for in companies? What qualities or criteria are important? To be successful in the private debt area, you have to deploy exactly the same analyses that banks do. Look at their profitability, stability of income, if they have tangible assets to back your risk. A disciplined investment process is the starting point. However, this market is less transparent and efficient than listed markets. Large private equity backed companies like being in this investment universe b e c aus e the y d o no t hav e to communicate the same information that their competitors that are listed are forced to. Nevertheless, investors need access to that information and Idinvest is one of the best specialists in this area. What Idinvest also does is invest in companies with a growth strategy - that is our investment style. In Europe organic GDP growth is very limited. Some countries are better than others, but none is booming. To capture growth in Europe, investors need to generate build-up, so we back companies that will use the money to finance build-up: to implement a buy and build strategy, private debt has a role to play. You need access to deals through different angles to really deploy the best selection of investments
  • About the European Pensions & Investments Summit 2014 The Investment Network – marcus evans Summits group This unique forum will take place at the Fairmont Le Montreux Palace, Montreux, delivers peer-to-peer information Switzerland, 28 - 30 April 2014. Offering much more than any conference, on strategic matters, professional exhibition or trade show, this exclusive meeting will bring together esteemed trends industry thought leaders and solution providers to a highly focused and interactive and breakthrough innovations. networking event. The Summit includes presentations on increasing fund resilience, establishing a robust risk framework, capturing investment opportunities and assessing the true value of emerging market investments. www.epi-summit.com Please note that the Summit is a closed number business of event participants and the strictly limited. Contact Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division Tel: Email: + 357 22 849 313 press@marcusevanscy.com For more information please send an email to info@marcusevanscy.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.com About Idinvest Partners Idinvest Partners is a leading pan-European private equity manager focused on the middle market segment. With over €4 billion under management, Idinvest Partners has developed several complementary areas of expertise including venture capital investments in innovative European start-ups, primary, secondary and mezzanine investments in European non-listed companies, and private equity consulting. Founded under the name AGF Private Equity in 1997, Idinvest Partners was formerly part of the Allianz Group until 2010 when it joined forces with IDI Group to become independent. www.idinvest.com About marcus evans Summits marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, case studies, roundtables and one-to-one business meetings. For more information, please visit: www.marcusevans.com Upcoming Events APAC Investments Summit - www.apacinvestmentssummit.com Elite Summit - www.elitesummit.com Private Wealth Management Summit (North America) - www.privatewealthsummit.com To view the web version of this interview, please click here: www.epi-summit.com/ChristopheBaviere