4th INFRASTRUCTURE INVESTOR SUMMIT - Thursday, 21th November 2019 - Institutional Capital Forum
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4th INFRASTRUCTURE INVESTOR SUMMIT Thursday, 21th November 2019 Hilton Munich Park Am Tucherpark 7 80538 Munich
The INFRASTRUCTURE INVESTOR SUMMIT 2019 is a private event held on behalf of and by opinion leaders in the area of
infrastructure investment and finance from Germany, Austria and Switzerland (the “DACH” countries) and beyond.
Contrary to most other events on the topic of infrastructure, the 4th INFRASTRUCTURE INVESTOR SUMMIT 2019 is reserved for
a limited, exclusive circle of people consisting of established market players and opinion leaders.
The seniority and the high caliber of the participants combined with an open and dialogue-based event format will enable
relationships to be established or cemented in an exclusive environment. The setting and atmosphere of the forum facilitates a
constructive exchange on the latest and most innovative topics relating to infrastructure investments. The innovative and
intimate character of the forum allows a direct dialogue to be held between decision-makers at investor level, leading
infrastructure asset managers, project developers, infrastructure firms and other important players in infrastructure markets.
The small scale of the private event – the forum is restricted to a maximum of 20 participants – is ideal for discussing market
changes and investment opportunities at top level.
2
Reasons to attend
1 Learn about the latest trends in the global infrastructure market
2 Get investor perspective on infrastructure investment
3 Network – Interact and build partnership between investment managers and investors
We thank our sponsors
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Speakers and Moderators
Director and Head Managing Partner Founder & Partner
Alternative Investments
ICA Institutional Egbers Investment
Universal-Investment Capital Advisors Partners
Markus Bannwart Hans-Peter Dohr Burkhard Egbers
Director Founder & Partner Managing Partner
Westbourne Capital LongReach Capital Stafford Capital
Partners
Tim Floyd Jim Long Dr. Ingo Marten
Head of EMEA Director and Partner Partner
GRESB Meridiam Riverstone Holdings
LLC
Josien Piek Thilo Tecklenburg Carl L. Williams
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Agenda
08:30 – 09:00 COFFEE AND REGISTRATION
09:00 – 09:05 WELCOME AND OPENING OF THE SUMMIT
09:05 – 09:50 KEYNOTE PRESENTATION CHANGING ENERGY MARKETS OFFER EXTRA POWER TO INVESTORS
Global energy markets are affected by several countering trends. Population and income growth continue to boost energy
demand, but global energy demand decelerates. The energy transition is shaking up the global energy system leading to
the need to align the energy intensity of the global economy and the global fuel mix, including the rapid deployment of
clean energy technologies and the growing electrification of energy. The decline in renewables’ cost accelerates further,
out-competing new-built fossil capacity in the short to medium term.
Speaker: Carl L. Williams, Partner – Riverstone Holdings
09:50 – 10:30 KEYNOTE PRESENTATION & INTERVIEW INFRASTRUCTURE DEBT: UNDERSTANDING THE OPPORTUNITY
The infrastructure debt market has changed rapidly in recent years, and many institutional investors are attracted to the
industry’s potential for long-term cash flows, diversification, and attractive risk-adjusted returns. Yet the opportunity set
in this budding part of the market is remarkably diverse. The interview session looks across the asset class to find out
what the challenges are, how the market is changing and where to find attractive investment opportunities.
Interviewer: Burkhard Egbers, Founder & Partner – Egbers Investment Partners
Interviewee: Tim Floyd, Director – Westbourne Capital
10:30 – 11:00 MORNING COFFEE AND NETWORKING BREAK
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Agenda
11:00 – 11:45 PANEL SESSION HOW GLOBAL TRENDS ARE CREATING INFRASTRUCTURE INVESTMENT OPPORTUNITIES
Infrastructure investing is changing fast as evolving global trends throw up new opportunities. The panel examines the
key themes which have emerged around the investment and management of infrastructure assets held by private sector
investors, and how they are transforming the demand for essential facilities across the developed world and beyond.
Climate change
Technological disruption and digital infrastructure
Energy transformation
ESG & sustainability
Moderator: Jim Long, Founder & Partner – LongReach Capital
Panelists:
Dr. Ingo Marten, Managing Partner – Stafford Capital Partners
Thilo Tecklenburg, Director and Partner – Meridiam
Carl L. Williams, Partner – Riverstone Holdings
11:45 – 12:15 KEYNOTE PRESENTATION ENTERING THE GERMAN INVESTMENT MARKET AS A NON-GERMAN ASSET MANAGER
Mandating a Luxembourg or German KVG helps providers of real asset funds in a decisive way to meet the regulatory
requirements for investors and, together with the high quality of the investment solution, which is offered by the asset
manager, allows to prepare thoroughly to enter the German investor market.
Speaker: Markus Bannwart, Director and Head Alternative Investments – Universal-Investment
12:15 – 13:30 NETWORKING LUNCH
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Agenda
13:30 – 14:15 KEYNOTE PRESENTATION THE INFRASTRUCTURE EQUITY CYCLE: WHERE ARE WE NOW, AND WHY IS THE SECONDARY
MARKET INCREASINGLY ATTRACTIVE?
2018 and 2019 have been the biggest years for fundraising. It is only logical that the secondary market continues to grow
as well. But it is not just the growing primary market that will contribute to the growth of secondaries: Hear from one of
the leaders in secondaries what drives this market.
Speaker: Dr. Ingo Marten, Managing Partner – Stafford Capital Partners
14:15 – 15:00 KEYNOTE PRESENTATION GLOBAL STANDARD FOR SUSTAINABILITY - GRESB INFRASTRUCTURE 2019
GRESB is the global ESG (environmental, social and governance) benchmark for real assets. Working in collaboration with
the industry GRESB defines the global standard for sustainability performance in real assets, providing standardized and
validated ESG data on over USD 4.5 trillion of assets to more than 100 investors. In 2019 the Infrastructure Assessment
covered 107 funds and 393 assets, which was a 40% increase on 2018. Join us in a free information session to learn about
the GRESB infrastructure assessment and how getting involved can lead to better ESG insights and better business
intelligence for your organization.
Speaker: Josien Piek, Head of EMEA – GRESB
15:00 WRAP UP OF THE DAY AND GET-TOGETHER
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Markus Bannwart
Director and Head Alternative Investments
Universal Investment
Theodor-Heuss-Allee 70
60079 Frankfurt am Main
Germany
Company Profile
Universal-Investment (www.universal-investment.com/en) is the largest independent investment company in German-speaking countries with EUR 462 billion
in assets under administration, of which around EUR 360 billion are in retail and institutional products (UCITS, SICAV, Spezial-AIF, SCS, etc.) and EUR 102 billion
in additional services (insourcing, direct investments, etc.), 1,402 funds and investment structures and around 700 employees.
In its three product lines Securities (Master KVG, Private Label Funds), Alternative Investments (Real Estate, Real Assets) and Portfolio Management with rule-
based investment strategies, Universal-Investment offers institutional investors and fund initiators efficient administration, structuring of their funds,
securities and alternative investments, supplemented by sophisticated risk management.
Short Biography
Markus Bannwart, Director and Head of the department Alternative Investments – Real Assets Solutions at Universal, is responsible for the structuring and set
up of fund vehicles. This includes all private equity, infrastructure, renewable and loan Investments for Universal’s German and Luxembourg fund platforms
and securitization companies.
Before joining Universal-Investment, he worked for several other fund initiator and asset manager. Bannwart has more than 20 years of experience in
structuring and investing in alternative investments.
8
Hans-Peter Dohr
Managing Partner
ICA Institutional Capital Advisors
Mauerkircherstrasse 81b
81925 München
Germany
Company Profile
ICA (www.ic-ica.com) provides investment advisory and capital raising services and delivers unique, exclusive investor events.
The focus of the firm lies on tailor-made investment solutions in the private equity, private debt, infrastructure and real estate sectors. In addition to that, ICA
helps raising funds for alternative investment firms. The firm takes on a limited number of assignments each year, preferring to work on a tailored basis with
each mandate specified and executed to best suit its client.
ICA is owner-managed and headquartered in Munich/Germany.
Short Biography
Hans-Peter Dohr is founder and Managing Director of ICA Institutional Capital Associates GmbH. Mr. Dohr focuses on the investment advisory segment of our
business.
He has over 30 years of investment and finance experience, including board and investment committee positions at state investment holding companies and
infrastructure and private equity investment funds.
Prior to founding ICA, he served as head of advisory at DC Placement Advisors, one of the leading European private markets advisory firms. Earlier in his
career, he worked for multiple groups within investment banking at Fox-Pitt, Kelton, Salomon Brothers, Credit Lyonnais and Chase Manhattan Bank as well as
the Ministry of Finance and the State Development Bank in Austria.
Hans-Peter Dohr holds a Master’s degree in Business Administration from the Vienna University of Economics and Business.
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Burkhard Egbers
Founder & Partner
Egbers Investment Partners
Grosse Spillingsgasse 27
60385 Frankfurt
Germany
Company Profile
Egbers Investment Partners (EIP - Europe) is an advisory boutique with a strong focus on the real asset sectors. EIP Europe advises on the sourcing,
structuring and arranging of investments in infrastructure projects on a global scale. Due to the track record the firm is specialized in the debt investment
process’ and advises investors on its debt investment portfolio. Advisory in equity investment are conducted alongside the infrastructure project and is sector
related.
Short Biography
Burkhard Egbers is Founder and Managing Partner at EIP – Europe and General Partner and Managing Director of Global Gateways Group. Burkhard Egbers
has more than 20 years of experience in origination, arranging and advising in international infrastructure projects.
Prior to this he held various senior management positions as Global Head of Transport & Social Infrastructure at DekaBank and Vice President at DVB Bank SE
responsibility for the sourcing, arranging, structuring and underwriting of large-scale infrastructure project, both on the debt and equity side. While operating
the global transport and social infrastructure investment unit, Burkhard has been appointed as CEO at Deka Kommunal Consult an advisory firm specialised in
PPP transformation for the public sector and private entities. Throughout his professional life of more than 20 years he established excellent relationships
within the administration, industry sector and investment. He started his career as assistant director at Volkswagen Mexico.
Burkhard holds a Master of Science in Business Management from the University of Applied Science Koblenz. Burkhard’s university decree was supported by
international engagements at university of Zaragoza, Spain and mandates in Ecuador, Mexico and London.
Burkhard’s most notable achievements were that he was instrumental in structuring and placing Europe’s first open-ended regulated senior secured
infrastructure debt fund in 2009. In addition, he has been awarded with the Port Deal of the Year 2005 (Jane’s transport).
10Tim Floyd
Director
Westbourne Capital
7 Stratford Pl
London W1C 1AY
UK
Company Profile
Westbourne Capital (“Westbourne”) is a specialist global investment manager exclusively focused on infrastructure debt. (www.westbournecapital.com.au)
Westbourne currently manages USD9.7 billion in cumulative client commitments from 51 institutions, including pension funds, sovereign wealth funds,
insurance companies and endowment funds.
Westbourne’s investment team has a continuous track record of acting as investment fiduciaries spanning 20 years. During this period the investment team has
completed more than 100 infrastructure debt investments across Europe, North America and Australia. Westbourne is owned by the investment team and
directors (70%) and Mitsui & Co. (30%).
Short Biography
Tim Floyd is a Director at Westbourne with overall responsibility for the London office. He has spent the past 16 years working in debt and equity markets with a
focus on infrastructure, including the past six years as part of the Westbourne team responsible for committing over of $8 billion of client capital to 70
infrastructure debt investments.
At Westbourne Capital, Tim’s responsibilities include sourcing of investment opportunities, investment analysis, asset management, capital raising and client
management. His investment experience covers all major infrastructure sub-sectors including regulated utilities, conventional and renewable generation,
midstream infrastructure, airports, ports, toll roads, telecommunications infrastructure and social infrastructure PPPs.
Prior to Westbourne Capital, Tim worked for DWS (formerly Deutsche Asset and Wealth Management) and previously held roles at Hastings Funds
Management, Dresdner Kleinwort and Wells Fargo. Tim is a Chartered Financial Analyst, holds a Master of Science in Accounting and Finance from London
School of Economics and a Bachelor of Arts from the University of Puget Sound.
11Jim Long
Founder & Partner
LongReach Capital
London
UK
Company Profile
LongReach Capital is an advisory, financing, and investment firm whose mission is ‘empowering sustainability’. The firm combines extensive experience as a
principal investor, strategic advisor, and capital provider with deep knowledge and contacts across the clean energy, mobility, and InfraTech sectors.
In particular we support leading growth companies — and their backers— in the development and execution of ambitious strategic and investment plans.
Short Biography
Jim Long is a highly experienced clean energy, technology, energy and infrastructure finance professional as a principal investor, strategic advisor and banker.
Jim is Founder and Partner at LongReach Capital.
Prior to that he was Partner at Greentech Capital Advisors, where he worked on a range of advisory assignments from major corporates including ENGIE, E.ON,
RWE, Total, Equinor , CEZ, Mitsubishi, and ABB. Before joining GCA, Jim was a Managing Director at Ecofin, a leading specialist investor in utilities, renewable
energy, and infrastructure. He led the private equity and infrastructure investment activities with over $500 million invested across wind, solar, water, and
related sectors and over $750 million in realizations.
Prior to Ecofin, Jim spent 12 years at Citigroup in London in a number of roles, most recently as co-Chairman of Global Power and Utilities Investment Banking.
Jim has a Dual Degree in Economics (Wharton School) and English from the University of Pennsylvania. He holds both a Master of Philosophy and Master of
Studies in Modern History from Oxford University, where he was also a tutor. He is a dual French and American national and speaks French, Spanish, and
Italian.
12Dr. Ingo Marten
Managing Partner
Stafford Capital Partners
Waldmannstrasse 10
8001 Zurich
Switzerland
Company Profile
Stafford Capital Partners (www.staffordcp.com) is a leading private markets investment and advisory group with a global presence and $5.3 billion under
management and advice. Stafford works with a wide range of institutions like pension funds and insurance companies to deliver returns with a high cash yield
through active investing across private markets segments such as infrastructure, timberland, agriculture & food, green growth private equity, and venture.
The company works diligently and creatively to find the best investment opportunities across a range of market sectors and accesses these opportunities with
a focus on secondary transactions that significantly reduce the blind-pool-risk and avoid negative J-curve effects. Stafford is owned entirely by its principals –
principals who have spent their careers investing in the private markets on behalf of clients with relationships spanning decades. While underpinned by
investment performance, Stafford supports clients with complete integrity, open communication and a philosophy of responsible investing. Stafford is
committed to and proud signatory of the PRIs since 2010.
Short Biography
Dr. Ingo Marten is Partner and Member of the Executive Board at Stafford managing its Real Assets and Infrastructure activities. Ingo is based in Zurich and
has over fifteen years of principal investment experience in both direct and fund transactions. Ingo’s substantial sector expertise in infrastructure, timberland,
agriculture & food as well as green growth private equity contributes to Stafford’s global investment capabilities while his local presence in Switzerland and
language capabilities bolster Stafford’s regional European footprint.
Ingo joined Stafford in 2014 from Macquarie where he was responsible for the launch and management of the infrastructure secondary fund activities as well
as the European aspects of Macquarie’s sustainable capital investment activities. Both of these activities have been transferred to Stafford in 2014. Prior to
joining Macquarie, Ingo was Director in Alternative Investments at Swiss Re, responsible for the development and management of its sustainability- and
infrastructure-focused portfolio. Prior to Swiss Re, Ingo worked in Corporate & Strategy Development at UBS. Ingo holds a PhD (magna cum laude) in Business
Administration from the University of Fribourg (Switzerland).
13Josien Piek
Head of EMEA
GRESB
Barbara Strozzilaan 101
1083 HN Amsterdam
Netherlands
Company Profile
Mission-driven and investor-led, GRESB is the environmental, social and governance (ESG) benchmark for real assets. (www.gresb.com)
We work in collaboration with the industry to provide standardized and validated ESG data to the capital markets. The 2019 real estate benchmark covers more
than 1,000 property companies, real estate investment trusts (REITs), funds, and developers. Our coverage for infrastructure includes 500 infrastructure funds
and assets.
Combined, GRESB represents over USD 4 trillion in real asset value. More than 100 institutional investors, with over USD 22 trillion AUM, use GRESB data to
monitor their investments, engage with their managers, and make decisions that lead to a more sustainable real asset industry.
Short Biography
Josien is responsible for Europe, the Middle East and Africa for GRESB. As a macro economist she views the transformation of the economic system into a just
and sustainable eco-structure as the challenge of our time.
She has a 25-year background in the financial sector, starting as a banker and as a portfolio manager fixed income credits.
Josien has a Supervisory Board Membership at the World Benchmarking Alliance. Before joining GRESB, Josien worked in London as head of Northern
European business development for Investec Asset Management.
14Thilo Tecklenburg
Director and Partner
Meridiam
4, place de l'Opéra
75002 Paris
France
Company Profile
Meridiam was founded in 2005 by Thierry Déau, with the belief that the alignment of interests between the public and private sector can provide critical
solutions to the collective needs of communities.
Meridiam is an independent investment Benefit Corporation within the meaning of French law. It specializes in the development, financing, and management of
long-term and sustainable public infrastructure projects and assets in the three core sectors: mobility, energy transition and social infrastructure sectors.
With offices in, Addis Ababa, Amman, Dakar, Istanbul, New York, Luxembourg, Paris, Toronto and Vienna, Meridiam currently manages 7 billion Euros of assets,
and more than 75projects and assets to date. Meridiam is certified ISO 9001: 2015, ISO 26000 Advanced by VigeoEiris and operates on a proprietary methodology
in relation to ESG and impact based on UNSDGs. www.meridiam.com
Short Biography
Thilo Tecklenburg is a partner at Meridiam and recently relocated from North America to Europe to help the firm originate, develop and manage projects in new
and evolving sectors in select European countries. As COO for North America, Thilo oversaw the firm’s activities in that market for the past six years. He was
actively involved in the structuring of Meridiam’s North American landmark project, the LaGuardia Central Terminal Redevelopment Project, and also oversaw
bids for several other pursuits in various market sectors.
Before joining Meridiam in 2013, Thilo was the head of Bilfinger Project Investments’ Development Team in North America. He has led consortia for projects in
Canada, the U.S., Continental Europe and Australia.
Thilo holds an engineering degree and a Ph.D. from the Technical University in Brunswick, Germany.
15Carl L. Williams
Partner
Riverstone Holdings LLC
712 Fifth Avenue
New York 10019
United States
Company Profile
Riverstone Holdings LLC (www.riverstonellc.com) is an energy and power-focused private investment firm founded in 2000 by David M. Leuschen and Pierre F.
Lapeyre, Jr. with approximately $39 billion of capital raised. We conduct buyout and growth capital investments in the exploration & production, midstream,
oilfield services, power, and renewable sectors of the energy industry. With offices in New York, London, Houston, Mexico City, and Amsterdam, we have
committed nearly $39 billion to nearly 180 investments in North America, South America, Europe, Africa, Asia, and Australia.
Our organization is a flat, nimble structure that suits us and the management teams with which we partner. In fact, we have worked with many of our current
CEOs multiple times before, and without continued mutual respect and repeat commitment from both sides we could not be as effective.
Riverstone reinforces this pledge by having plenty of ‘skin in the game,’ and over $1 billion of the firm’s commitment to funds and operations comes directly
from our partners, employees, management teams, and other associates.
Short Biography
Mr. Williams is a Partner of Riverstone and Co-Head of Riverstone Power. He is based in Houston. Mr. Williams joined Riverstone in 2008 and is responsible for
sourcing and managing energy investments with a focus on equity in the power sector. Mr. Williams serves as a member of Riverstone Power’s Investment
Committee. Prior to joining Riverstone, Mr. Williams was a New York based member of the Global Natural Resources Investment Banking Group at Goldman,
Sachs & Co., where he advised energy and power clients globally on financing and M&A transactions. Prior to joining Goldman in 2005, Mr. Williams held
various positions in engineering, operations and procurement at Lyondell Chemical Company. Mr. Williams currently serves on the boards of Talen Energy
Corporation, Enviva LP, TrailStone, ReEnergy Holdings, Crimson Resource III, and U.S. Oil & Refining.
Mr. Williams received his B.S. in Chemical Engineering (Tau Beta Pi, Phi Lambda Upsilon) and a B.A. in Economics (Phi Beta Kappa) from Rice University. He
earned his M.B.A. from Columbia University with a focus in Finance and Economics, where he was awarded the Wall Street Journal Award in finance. He serves
as an energy advisor to Ayata, Inc., a pioneer in the field of Prescriptive Analytics, and is a member of the Leadership Cabinet of Texas Children’s Hospital..
16Venue
21 November 2019
09:00 – 15:00
Venue:
Hilton Munich Park
Am Tucherpark 7
80538 München
Further information
For more information about the Infrastructure Investor Summit 2019, contact Hans-Peter Dohr:
Email: hp.dohr@ic-ica.com
Phone: +49 89 125 01 80 30
Mobile: +49 171 576 31 77
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