The Rise of Private Markets, Exploring Risks and Rewards

Overview

Sponsored by Opensee

Scrutiny of private asset markets has intensified over the past two years. These markets can offer a premium return and diversification benefits over public assets. They are also vulnerable to higher interest rates, tight credit markets, and weakening economic conditions. Recent macroeconomic headwinds have called into question the market valuation of and liquidity available in private assets after years of strong capital inflows into private equity, private credit, and real estate.

With the support of Opensee, please join the GARP New York Chapter on June 12 for a discussion moderated by Yakov Shenkman, Director of Risk and Quantitative Analysis at BlackRock, on the current challenges, potential tipping points and investor expectations for private asset markets in 2025 and beyond.

Come prepared to learn about and discuss:

The opportunities and risks affecting private asset markets.
How investors are managing market liquidity and asset valuation.
What alternatives and tradeoffs exist for allocating capital to private asset markets.

An opportunity to gather and network with other industry peers will follow the discussion.

Registration is required as seats are limited. Priority will be given to GARP Individual Members.

Details

June 12, 2024
5:30 PM - 8:00 PM

In-Person

Arch Amenities, 1700 Broadway
1700 Broadway, 11th Floor, New York, NY 10019

Contact

Questions can be directed to GARP Events at events@garp.com.

Agenda

*Date and Time noted as

June 12, 2024

5:30 PM - 8:00 PM

New York Chapter Meeting

View Details

5:30 - 6:00 pm: Registration
6:00 - 6:05 pm: Welcome/Introduction (GARP)
6:05 - 6:45 pm: Panel Discussion
6:45 - 7:00 pm: Q & A
7:00 - 8:00 p.m. Networking reception

Speakers

Courtney Garcia, Managing Director, Head of Market Risk, Apollo

Nicholas Silitch, Former Chief Risk Officer, Prudential

Edwin Wilches, CFA, Portfolio Manager, U.S. Bank Loan and Structured Products, PGIM Fixed Income

Moderator

Yakov Shenkman, Director, Risk & Quantitative Analysis (RQA) for Fundamental Equity, BlackRock

Speakers/Moderators

Courtney Garcia
Managing Director, Head of Market Risk, Apollo

Yakov Shenkman
Director, Risk & Quantitative Analysis (RQA) for Fundamental Equity, BlackRock

Nicholas Silitch
Former Chief Risk Officer, Prudential

Edwin Wilches, CFA
Portfolio Manager, U.S. Bank Loan and Structured Products, PGIM Fixed Income

Courtney Garcia

Managing Director, Head of Market Risk, Apollo

Courtney Garcia is Managing Director and Head of Market Risk at Apollo. Courtney sits on several committees, including the Firm’s Global Risk Committee, Valuation Committees, Investment Practices, and various other Investment Committees.

Yakov Shenkman

Director, Risk & Quantitative Analysis (RQA) for Fundamental Equity, BlackRock

Yakov Shenkman is head of the Risk & Quantitative Analysis team for Fundamental Equity, Americas. The RQA team provides independent risk oversight on behalf of BlackRock and its clients, as well as partners with portfolio managers in their portfolio construction process to ensure the risks managed by BlackRock are appropriately deliberate, diversified and scaled.

Nicholas Silitch

Former Chief Risk Officer, Prudential

After more than two decades at BNY Mellon, Nicholas Silitch joined Prudential in 2010 as Chief Credit Officer and Head of Investment Risk Management, overseeing the firm’s general account and other proprietary investment risks globally. In 2012, he was appointed Chief Risk Officer, a position he held until his retirement at the end of 2022. As CRO, he oversaw Prudential’s risk management infrastructure and risk profile across all business lines and risk types. Under his direction, the risk teams developed models, metrics and frameworks to ensure Prudential’s resilience over time and in a wide range of stress scenarios.

Edwin Wilches, CFA

Portfolio Manager, U.S. Bank Loan and Structured Products, PGIM Fixed Income

Edwin Wilches, CFA, is a Principal and Portfolio Manager for PGIM Fixed Income's US Bank Loan and Structured Products Teams. He is responsible for managing and trading the Firm's investments in Global CLO tranches, supporting the Dryden CLO platform's business development and investor relations efforts, and analyzing off-the-run alternative fixed income opportunities.