Chapter Meeting

Managing Risks and Opportunities in Private Credit

September 24, 2026 6:30 PM | Spain Chapter | In-Person

Details

September 24, 2026
6:30 PM - 9:30 PM

In-Person

S&P Global Spain Paseo de la Castellana 7, 6th Floor, Madrid,

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Madrid:In the context of a rapidly evolving private credit market, valuation and credit risk management practices are facing increasing scrutiny from investors, lenders, regulators, and valuation professionals. This panel brings together representatives from leading financial institutions and asset managers to explore key challenges and emerging best practices in ensuring transparency, consistency, and methodological rigor in private credit markets, offering participants practical insights into how industry players are navigating an increasingly complex and closely monitored landscape.

Join the GARP Madrid chapter as our subject matter experts provide attendees with several key takeaways:

  • Current trends and challenges in private credit valuation and risk assessment
  • Practical examples of how to effectively manage private market risks
  • Current regulatory landscape governing private credit and the existing transparency requirements 
  • Perspectives on best practices for consistency and methodological rigor in structuring transactions

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

Agenda:

6:30 pm – 7:00 pm: Registration

7:00 pm 8:00 pm: Panel Discussion and Audience Q&A

8:00 pm – 9:30 pm: Networking reception

Topics: Modeling, Regulation & Compliance

Speakers

Luca Blasi, Ph.D, FRM

Luca Blasi, Ph.D, FRM

Managing Director, Global Head of Private Markets & Regulatory Solutions, S&P Global Market Intelligence
Hassan AzrakAzrak

Hassan AzrakAzrak

Global Head of Asset Managers & LBOs Risk, BBVA
Hassan AzrakAzrak

Hassan AzrakAzrak

Global Head of Asset Managers & LBOs Risk, BBVA

Hassan Azrak is Global Head of Asset Managers & LBOs Risk Admission at BBVA Corporate & Investment Banking, based in London. He leads risk teams globally across CIB geographies for financial sponsor, asset manager and leveraged buyout-related clients and products. Hassan brings more than 25 years of international credit risk leadership experience, with prior senior roles at Credit Suisse, Natixis and BNP Paribas.

Alexandre Bruyelle

Alexandre Bruyelle

Partner, Arcano Partners
Alexandre Bruyelle

Alexandre Bruyelle

Partner, Arcano Partners

Alexandre Bruyelle is a Partner in Asset Management at Arcano Partners, with a focus on private credit strategies (private debt and leveraged loans). He has been with Arcano Capital since 2013 and previously worked at European Capital (now LGT) in France. Alexandre’s background combines private credit and fixed income investment across European markets.

Miguel Iniesta

Miguel Iniesta

Managing Director – Private Debt, Alantra
Miguel Iniesta

Miguel Iniesta

Managing Director – Private Debt, Alantra

Miguel Iniesta is Managing Director in Private Debt at Alantra. He has more than 15 years of experience in private debt and corporate finance and has spent over a decade at Alantra, where he has led more than 35 direct lending transactions across Europe. Before joining Alantra, Miguel worked in BNP Paribas’ Investment Banking division in London and Madrid, focused on mergers and acquisitions in the TMT, healthcare and consumer sectors.

Carlos Medina Aguilar

Carlos Medina Aguilar

Illiquid & Alternative Assets Manager, Santander Asset Management
Carlos Medina Aguilar

Carlos Medina Aguilar

Illiquid & Alternative Assets Manager, Santander Asset Management

Carlos Medina Aguilar is Illiquid & Alternative Assets Manager at Santander Asset Management, focused on financial risk and control activities across alternative investment strategies. He is associated with Santander Asset Management and Santander Alternative Investments vehicles, including direct lending, working capital, infrastructure, and real estate - related structures. Carlos contributes actively to industry discussions on investment banking and alternative assets. Carlos is also a lecturer at IEB and CEU San Pablo University, teaching Financial Advance Modelling since 2021 in Corporate Finance and Investment Banking master’s degrees.

Moderators

Antoni Pippas

Antoni Pippas

Head of Private Markets, S&P Global Market Intelligence

Chapter Directors

Antonio Firmo
Lead Principal Auditor (VP), Deutsche Bank

Gregorio Carrascal Garcia
Quantitative Credit & Liquidity Strategy, Active Credit Portfolio Managment (ACPM), Santander

Committee Members

Ignacio Bocos García, SCR, FRM, RAI
Head of Internal Validation & Model Risk Management, CaixaBank

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