Executive Masterclasss for Private Debt and Equity #252005

Upon successful completion of this masterclass, participants will be able to:

• Analyze the global private markets landscape, identifying key trends, players, and opportunities in both private debt and equity.

• Evaluate and structure complex private debt instruments (senior, unitranche, mezzanine) and private equity transactions (LBOs, growth equity).

• Apply advanced leveraged buyout (LBO) modeling and credit analysis techniques to assess investment opportunities and potential returns.

• Design and implement value creation plans post-acquisition and effectively manage portfolio companies.

• Assess the unique risks within private market strategies and develop robust mitigation frameworks.

• Navigate the legal, regulatory, and ethical considerations specific to private funds.

• Formulate a strategic approach to exits, including IPOs, secondary sales, and strategic trade sales.

This advanced masterclass is designed for experienced professionals in investment, finance, and corporate development:

• Senior Partners, Principals, and Directors at Private Equity & Venture Capital firms

• Chief Investment Officers (CIOs), Portfolio Managers, and Investment Directors at pension funds, endowments, foundations, and family offices

• Senior Originators, Analysts, and Portfolio Managers at private credit funds, BDCs, and direct lending arms

• Investment Bankers specializing in M&A or capital raising for private companies

• Corporate M&A and Business Development Executives

• Senior Lawyers and Consultants advising private market transactions

• Experienced Limited Partners (LPs) and allocators to private funds

Prerequisite: A strong understanding of corporate finance, accounting, and valuation is essential. Experience in investing, banking, or corporate development is highly recommended.

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a binder containing a copy of the presentation
• slides and handouts
• Post-assessment

Day 1: The Private Markets Ecosystem & Strategic Sourcing

• Morning Session: The State of the Market

  • Global Landscape: Trends in Private Equity, Direct Lending, and Special Situations.

  • The LP Perspective: Allocation Strategies and Performance Expectations.

  • The Competitive Dynamics between Private Debt and Equity Providers.

• Afternoon Session: Advanced Deal Sourcing and Due Diligence

  • Generating Proprietary Deal Flow in a Competitive Market.

  • Conducting Deep-Dive Operational, Financial, and Legal Due Diligence.

  • Case Study: Evaluate a potential target company from both a debt and equity investment perspective.

Day 2: Advanced Transaction Structuring & Valuation

• Morning Session: Private Equity Deep Dive: The LBO Engine

  • Advanced LBO Modeling: Complex Capital Structures, Rollover Equity, and Management Incentives.

  • Modeling and Stress-Testing Various Operational and Financial Scenarios.

• Afternoon Session: Private Debt Deep Dive: The Capital Stack

  • Structuring Senior, Unitranche, and Mezzanine Debt Facilities.

  • Covenant Analysis and Negotiation: Financial Maintenance vs. Incurrence Covenants.

  • Workshop: Structure the optimal debt package for an LBO, negotiating key terms from both the lender and sponsor perspectives.

Day 3: Credit Analysis, Underwriting, & Risk Management

• Morning Session: Advanced Credit Analysis for Private Companies

  • Building a Detailed Credit Model and Calculating Debt Capacity.

  • Underwriting Standards: Analyzing Cash Flow Stability, Collateral, and Sponsor Strength.

• Afternoon Session: Modeling and Mitigating Risk

  • Identifying and Modeling Key Investment Risks (operational, market, legal, ESG).

  • Structuring Equity Co-Investments and Warrants in Debt Deals.

  • Case Study: Underwrite a complex mezzanine debt opportunity, including the structuring of equity kickers.

Day 4: Value Creation & Portfolio Management

• Morning Session: The Private Equity Playbook for Value Creation

  • Post-Acquisition Strategy: Implementing 100-Day Plans.

  • Leveraging Operational Improvements, Add-On Acquisitions, and Financial Engineering.

  • Governance: Working with and Managing Portfolio Company Boards.

• Afternoon Session: Active Portfolio Management for Lenders

  • Monitoring Portfolio Company Performance: Early Warning Indicators.

  • Dealing with Distress: Workouts, Restructurings, and Loan-to-Own Strategies.

  • Simulation: Manage a portfolio company facing headwinds, making strategic decisions as either the equity sponsor or the lead lender.

Day 5: Exit Strategies, Ethics, and the Future

• Morning Session: Designing and Executing Successful Exits

  • Evaluating Exit Avenues: Strategic Sale, Secondary Buyout, IPO, or Recapitalization.

  • Preparing a Company for Sale and Maximizing Exit Valuations.

• Afternoon Session: Synthesis, Ethics, and Capstone

  • Regulatory Environment and Fiduciary Responsibilities for GPs and LPs.

  • Ethical Considerations in Deal Structuring, Conflicts of Interest, and Fee Structures.

  • Capstone Project: Teams present a full investment committee memo for a complex deal, defending their chosen structure (debt, equity, or hybrid) and investment thesis.

  • Masterclass Conclusion: Future trends and final Q&A.