2016 Permanent Capital Summit

Approximately 150 senior executives recently gathered in Dechert’s New York offices for our annual Permanent Capital Summit to discuss current and anticipated permanent capital trends and developments in 2016 and beyond. The event featured Dechert partners from various practice groups and senior management professionals from leading financial institutions, such as Riverstone Holdings, IAB Capital Partners, PennantPark, Keefe Bruyette & Woods, ING Capital, and EY, among others. Click on the links below for highlights from each of the event's three panel discussions.

Developments in Offshore Permanent Capital Vehicles. The opportunities for raising capital outside of the United States are evolving as pools of offshore capital grow and investor appetite for product changes. So, where is the growth in financial assets? How can U.S. advisers access these opportunities? Read more.

BDC Consolidation: The Beginning of a Trend? What’s Driving M&A Activity in the BDC Space. Mirroring the larger M&A market, merger and other strategic alternative activity levels in the BDC space (and associated conversations) have increased since late 2014. The panelists dove into what is driving the uptick in BDC consolidation activity and debated whether this trend is likely to continue. Read more.

BDCs in Distress: Tips for Managing Stress and Distress in a Volatile Market. Drawing on their varied perspectives, this panel tackled what it means for a BDC to be distressed in this market. In addition, they discussed the ways in which outside parties respond to BDCs in distress and the practical effects of distress. Read more.