Event Profile

CAIA Germany - Real Estate Debt: Is the Worst Behind Us?

Date(s):
October 15, 2024
Note:
All times listed are in local time
Venue:
BNP Paribas Asset Management
Maximilianstr. 35, Eingang A
Munich, 80539 
Fee(s):
Free Event
Description:

CAIA Germany

Real Estate Debt: Is the Worst Behind Us?

Dive into the current state of real estate debt and explore whether the most challenging times are behind us. This session will cover key topics including the best times to invest in real estate debt, where to find the most attractive deals, and where opportunities lie in the market. Additionally, we’ll analyze whether LPs are already seeing performance dispersion across managers or not.  Gain valuable insights to inform your investment strategy and navigate the complexities of real estate debt.
 
AGENDA

7:45 - Registration and Coffee

8:00 - Welcome and Introduction

8:05 - Panel discussion on Real Estate Debt: Is the Worst Behind Us?, in collaboration with: 

  • Christophe Montcerisier - Head of Real Estate Debt at BNPP AM
  • Manuel Köppel - Managing Director & Head of Real Estate Debt at BF.Capital
  • Thomas Lehner, CFA - Team Lead Private Debt at Viridium Gruppe
  • Alexander Schmitt - Senior Portfolio Manager at AGI

Moderator:

Nedelina Lazarova, CAIA, CFA, FRM - CAIA Germany Chapter Executive and Head of Private Debt at HQ Trust

8:40 - Q&A 

Important notes before the event:

  • This event is organized by dedicated CAIA members, who generously volunteer their personal time. Should you decide to register, we greatly appreciate your commitment to attending.
  • If you find that you are unable to attend, please inform us at least 48 hours before the event. Your timely cancellations enable us to offer your spot to someone on the waitlist and help minimize food and energy waste.
  • Kindly note that registrations must be completed in advance, as walk-ins will not be permitted. Given the event's limited capacity, we encourage you to register as early as possible to secure your spot. If the attendance limit is expanded, we will promptly notify you.
  • Registering a guest is possible but complete guest’s details must be filled in. In case of overbooking, priority will be given to CAIA Members.

Thank you for your understanding and cooperation. 

If you have questions or concerns regarding registration for this event, please contact CAIA EMEA Chapter Relations. 

 

This event is organized in collaboration with:


 

 

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BNP Paribas Asset Management
Manuel Köppel
Job Title: Managing Director & Head of Real Estate Debt
Organization: BF.Capital
Speaker Type: Panelist


Manuel Köppel is managing director of the institutional private debt manager BF.capital. With a degree in business administration, he began his career in banking at LBBW where he was involved in various projects related to institutional asset management. At BF.capital he is responsible for the management of real estate debt direct lending funds and institutional relationship management.


Nedelina Lazarova
Speaker Type: Moderator


Nedelina Lazarova is Head of Private Debt and Investment Manager at HQ Trust, one of the largest multi family offices in Germany. She is responsible for selection, due diligence, execution and monitoring of Private Debt investments. Prior to joining HQ Trust, she was Project Lead for the multibillion Alternative Credit Program of a large German life insurance company, and was covering Private Corporate Debt, Infrastructure Debt, Commercial Real Estate Debt, Mortgages, Leveraged Loans and other alternative lending strategies. Prior experience includes manager due diligence of traditional investments and hedge funds, as well as consulting and project experience in M&A and valuation of structured products. She holds a Bachelor’s Degree in Business Administration from Ludwig Maximilian University of Munich and a Master’s Degree in Quantitative Finance from Bocconi University. She is a CFA (Chartered Financial Analyst), FRM (Financial Risk Manager) and CAIA (Chartered Alternative Investment Analyst) Charterholder.


Thomas Lehner
Job Title: Team Lead Private Debt
Organization: Viridium Gruppe
Speaker Type: Panelist


Thomas is leading the private debt team at Viridium, Germany’s leading life insurance consolidator. He is responsible for sourcing, selecting, implementing and monitoring mandates in the area of direct lending, real estate, infrastructure and other lending strategies. Thomas has also set up Viridium’s direct lending co-investment and secondaries program. Prior to joining Viridium, Thomas was working on M&A transactions with a focus on technology and healthcare at ACXIT Capital. He started his career as credit risk analyst at Goldman Sachs. Thomas holds a Master’s degree in Business Administration from University of Muenster and is CFA Charterholder.


Christophe Montcerisier
Job Title: Head of Real Estate Debt
Organization: BNPP
Speaker Type: Panelist


Christophe was appointed Head of Commercial Real Estate (CRE) debt at BNP Paribas Asset Management in May 2020. Before that, he was CRE Debt Investment Director, acting as team Deputy Head, since joining the company in early 2019 from Société Générale. Prior to Société Générale, Christophe worked at GE Capital Real Estate, managing a pan-European real estate fund. He later launched a debt business. Christophe has also previously managed the Real Estate Finance team at RBS in Paris. Having started his career at BNP Paribas, he then held roles at Merrill Lynch, financing private equity funds buying nonperforming loans, and Citi, advising listed property companies and corporates in Europe. Christophe graduated from Sciences Po Paris and holds a master’s degree in finance from Paris Sorbonne. He is a member of the Royal Institution of Chartered Surveyors (RICS) and a board member of the Institut d’Epargne Immobilière et Foncière (IEIF). Christophe is based in Paris.


Alexander Schmitt
Speaker Type: Panelist


Alexander Schmitt is a senior portfolio manager in the Global Private Debt team at Allianz Global Investors. Prior to that, he has been involved in various roles managing Allianz Group’s investments since 2011. Most recently, he was responsible for the development, execution and oversight of Allianz’s investment strategies in infrastructure and real estate debt. Previous work experience includes a role as an investment manager for a fixed income insurance portfolio at Allianz as well as postings with PIMCO’s emerging markets portfolio management team in the US and with AllianzGI’s Asia Private Credit team in Singapore. Alexander is a CFA Charterholder and graduated with a Master in Finance & Economics from Goethe University, Frankfurt.