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CAIA SOCAL & CFALA Joint Event: Emerging Alternative Investment Symposium
Date(s):
November 4, 2020
Note: All times listed are in local time
Venue:Webinar
Fee(s):This event has a fee
Description: Who Wants to be a SPAC Millionaire? The alternative investment landscape is constantly changing. Driven by rock bottom interest rates, public capital has been seeking returns from early stage venture investing and private middle market opportunities. While the frothy valuations of unicorn stage companies took a bit of a breather after the collapsed effort to list WeWork and disappointing returns from Lyft, the pandemic driven shift for digital based businesses is highlighting a couple of innovative ways to invest in this market.
First is special-purpose acquisition company or SPACs. These are shell firms that go public promising to buy private businesses with the IPO proceeds. SPACs have been raising money and doing deals at a never-before-seen rate in 2020. In fact, SPAC IPSs including such names as Nikola, DraftKings and Virgin Galactic are now outpacing traditional IPOs this year through various investment funds.
As well, tech investments and venture capital no longer need to be equity. The second investment opportunity is venture and private market debt. The changing regulatory environment after the GFC has forced many banks to abandon the corporate loan market, which is now filled by venerable corporate debt investors and VC firms capitalizing on broad range of high growth technology and life sciences related opportunities.
- The panelists from their respective fields will cover the following topics:
- How does a SPAC work and what has been the success rate?
- SPACs and their popularity – froth or substance?
- How to access SPAC opportunities as professional investors.
- Wherewithal of the traditional IPO channel and perspectives in tech IPOs in the future.
- How much does it cost or how much does the SPAC operator make?
- Why has technology corporate debt market garnered so much attention lately?
- What is the opportunity for debt investing in middle market and early stage tech companies?
- How does the trends in tech M&As impact technology debt investment opportunities?
- What has been the impact to the portfolio companies and how has the outlook changed for the technology and venture debt market due to COVID-19?
Member discount code:
EmergingAltSymCAIA20
Date and Time Wednesday, November 4, 2020
3:00 pm - 4:00 pm PT: Webinar
4:00 pm - 4:30 pm PT: Virtual Networking
Registration Fees
$5 (Member) | $20 (Non-Member)
Location
Zoom Webcast details within registration link
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Derek O’Leary
Organization: Owl Rock Capital Partners
Derek O’Leary is a Managing Director of Owl Rock Capital Partners, the President of Owl Rock Securities and serves as the Head of Investor Relations and Business Development. Prior to joining Owl Rock in 2016, Mr. O’Leary served as President of CION Securities, the dealer manager for CION Investment Corporation, a non-traded business development company sub-advised by Apollo Investment Management. Prior to Mr. O’Leary’s role as President, he served as the Executive Vice President Head of Distribution for CION Securities. In this role, Mr. O’Leary supervised and expanded the internal and external sales force, national accounts team, and marketing group. Before joining CION Securities, Mr. O’Leary spent approximately a decade in the asset management business with Merrill Lynch, Salomon Brothers Asset Management and Goldman Sachs Asset Management. Mr. O’Leary earned a B.A. from Seton Hall University.
Brandon Sun
Organization: Deutsche Bank AG
Brandon Sun is an investment banker at Deutsche Bank who focuses on SPACs, permanent capital, specialty finance and alternative asset management. He helps lead the Deutsche Bank SPAC franchise and advises financial sponsors on raising SPACs as platform extensions and premier private companies go public through SPACs. Over his career, Brandon has completed 50 SPAC IPOs representing ~$20bn in equity capital raised as well as 35+ closed / announced de-SPAC (SPAC M&A) transactions representing $80bn+ in combined enterprise value.
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