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Private Debt Symposium 2026

1/27 - 1/28/2026 Frankfurt am Main

1/27 - 1/28/2026
Duration: 2 Days
Frankfurt am Main, Germany
Scandic Frankfurt Hafenpark

Agenda

For further information, please click on the respective programme item below.

Conference brochure available for download

You can download the conference brochure here.

2:00 pm - 2:05 pm

Welcome and opening remarks

Ballroom 2+3


Speaker

Dr. Philipp Bunnenberg Bio
Head of Alternative Markets @ BAI

2:05 pm - 2:45 pm

Keynote: The Problem with Private Markets

Ballroom 2+3
  • Misleading performance narratives: Why the absence of clear, binding reporting rules in private markets allows marketing-driven performance presentation, and how common metrics can systematically overstate economic returns.
  • Conflicts of interest at the GP level: How incentive structures, valuation discretion, and contract designs create conflicts that are not always benign.
  • From opacity to accountability: Why investors, regulators, and courts are increasingly challenging private market practices.

Speaker

Prof. Dr. Ludovic Phalippou Bio
Professor of Financial Economics @ Saïd Business School, University of Oxford

2:45 pm - 3:30 pm

Investorenpanel 1

Ballroom 2+3


Moderation

Dr. Mailin Badurina Bio
Manager Investor Relations @ Ambienta

Panellists

Jens Hennes Bio
Hauptgeschäftsführer @ Versorgungswerk der Apothekerkammer Nordrhein
Dr. Claudia Lesmeister Bio
Associate @ AltamarCAM
Natalia Shelestovych Bio
Investment Managerin @ Munich Re

3:30 pm - 4:00 pm

Coffee Break

Flexspace Ballroom + Ballroom 1


4:00 pm - 4:30 pm

Direct Lending and bank partnerhips – More than just term debt (GER)

Ballroom 2+3
  • Private credit closes the financing gaps that are not addressed by traditional banks, thereby complementing the existing banking system.
  • Through partnerships between banks and private credit firms, complementary strengths are utilised: banks maintain their customer relationships, while private credit providers gain access to the banks' intermediary networks.
  • This cooperation helps to meet the financing needs of various sectors and reduces systemic risks by shifting risks from bank balance sheets to the portfolios of long-term oriented investors.

Speaker

Olaf Streitenberger Bio
Senior Portfolio Manager Fixed Income @ DWS

4:00 pm - 4:25 pm

Opportunities in Credit Secondaries

Tree Room
  • Market Development & Trends
  • LP-led vs. GP-led transactions
  • NAV discounts and fair value approaches
  • Institutional adaption for pension funds and insurance companies

Speaker

Callum Smith Bio
Investment Leader, Private Credit Europe, Member of Management @ Partners Group

4:30 pm - 5:20 pm

Panel 1: US Direct Lending Market

Ballroom 2+3


Moderation

Achim Pütz Bio
Vorstandsvorsitzender @ BAI e.V. | Partner @ Luther Rechtsanwaltsgesellschaft

Panellists

Charles Andros Bio
President and Chief Investment Officer @ Bay Point Advisors
William T. Lloyd Bio
Managing Director and Product Specialist @ TCW
Ignacio Sarria Bio
Managing Director @ New Mountain

4:30 pm - 5:20 pm

Panel 2: Private Debt Secondary Market - Investor and Manager Perspective

Tree Room


Moderation

Hans Stamm Bio
Partner @ Dechert

Panellists

Joaquin Ardit Bio
Lead Portfolio Manager @ Allianz Global Investors
Marco Busca Bio
Head of Indirect Private Debt @ Generali Asset Management
Bernard Galea Bio
Managing Director, Global Private Credit Team @ Pantheon
Srdjan Vlaski Bio
Member of the private debt team @ StepStone

5:20 pm - 5:45 pm

US Direct Lending: What You Worry About—and What You Don’t (Yet)

Ballroom 2+3
  • Should investors be concerned about record inflows and increased competition?
  • What does true selectivity look like in a competitive yet inefficient asset class?
  • What does quality mean amid tariffs, inflation, and AI?

Speaker

Susan Kasser Bio
Head of Private Debt @ Neuberger Berman

5:20 pm - 5:45 pm

Asset-based finance: A new era in the private credit universe begins (GER)

Tree Room
  • We believe that the asset-based finance (ABF) market, now worth over USD 20 trillion, offers perhaps the most attractive opportunities in private credit.
  • Investors are gaining access to a diversified, high-growth market that is revolutionizing the way capital is deployed.
  • PIMCO has been a leading investor in this area for many years and uses its global network to identify opportunities and risks.

Speaker

Philipp Nowak Bio
Executive Vice President (London Office) @ PIMCO

5:45 pm - 6:10 pm

Diversification in Private Credit: Overview of GP-LP Solutions and Bank Capital Solutions

Ballroom 2+3

Introduction to two distinct, emerging private credit strategies, GP Financing and Credit Risk Sharing / SRT


  • GP-LP Solutions – defining the toolkit: Fund / NAV Lending, LP Financing, GP Financing
  • GP Financing: self-liquidating senior financing to support the growth of private equity firms
  • User perspective: GP Financing vs. Alternatives 


  • Credit Risk Sharing - Investing in the core lending portfolios of global banks
  • Market dynamics: demand / growth drivers, collateral characteristics, and structuring
  • Significant Risk Transfer (SRT) attributes and diversifying traits vs. core private credit allocations

Speaker

Juan Grana Bio
Managing Director and Head of Bank Capital Solutions @ Crescent Capital
Gregory Hardiman Bio
Managing Director and Head of GP-LP Solutions @ Crescent Capital

5:45 pm - 6:10 pm

Aviation Finance at the Crossroads of Infrastructure Debt, Asset-based and Corporate Lending

Tree Room
  • Introduction - How the asset class of aviation finance draws from infrastructure debt, asset-based lending and corporate credit.
  • The evolution of funding sources - banks, institutional investors, ABS markets, and private credit.
  • Return and Resilience: Demand & supply, technological disruption in aviation assets & ESG implications
  • Investment Opportunities and Market Outlook: How specialised asset managers can structure exposure across the capital stack to optimize returns and manage volatility.

Speaker

Alok Wadhawan Bio
Global Head of Aviation Finance @ Muzinich

6:10 pm - 8:30 pm

Dinner buffet

Flexspace Ballroom + Ballroom 1


Conference brochure available for download

You can download the conference brochure here.