b'PENSION SCHEME GOVERNANCE20%PENSION SCHEME INVESTMENT INOFF NEWAND REGULATION JAN-MARPRIVATE MARKETSCOURSESThe roles of Regulators, Governors and Trustees with a duciaryAnalyse the cash ow needs of the scheme visvis In recent times, pension schemes have signicantly increased Analyse the risk/return prole of private equity investment responsibility to act in the best interests of pension scheme members investment opportunitiesallocations to alternative asset classes and, in particular, to private Identify the principal actors in infrastructure project nancehave evolved in recent years to become of critical importance to the Appreciate the role of pension system regulatorsmarkets. The theoretical investment argument for these allocations is transactions future of pension provisioning.Understand recent initiatives towards more holistic and sound, given the high prices (and consequent low yields) of traditional Appreciate the key factor of liquidity in private assets visvis inclusive systemspublic investment assets, the liquidity premium that pension schemes mainstream securities As pension scheme assets globally fall further behind the liabilities Challenge status quo systems in a reasoned and structured can harvest and the creation of new capital assets to support Understand the important differences between infrastructure andthat they are intended to fund, and yields continue to fall, the mannereconomic growth public goods requirement for regulatory reform driven from the bottom up, under advisement from those responsible for schemes at the coal face hasKEY TOPICSAt the same time, equity and debt funding available to micro-, small-KEY TOPICS increased. Pension scheme roles of Regulators, Trustees and other and medium-sized enterprises (MSMEs) is typically insufficient to The nature and risk/return prole of private asset investmentresponsible partiessupport their expansion. This is in part due to the high regulatory Rationales for pension scheme allocation to private equity andIn addition to these challenges, the requirement for a more hands The pivotal role of pensions in contemporary economiescapital requirements for bankstheir most common source of infrastructure on approach to the stewardship of pension scheme assets has Poor performance of pension scheme assets and investment external nancingproviding credit facilities to MSMEs. Pitfalls in private asset investment and the key role of effectivebecome evident against a backdrop of disappointing investments.managers due diligenceBuilding condence in pension systems and individual schemesIn addition to analysing the potential portfolio diversication benets Realistic liquidity analysis in public and private asset markets This course takes delegates through the roles, risks, issues andChallenging advisors and service providers to deliver greater of private market assets, the course will examine the principal types Evolution of private investments and key exit strategies processes involved in protecting the rights and members of all valueof private equity, ranging from venture capital through to growth Project nance structures and participantsbeneciaries; the challenges of pensions roles in improving nancial Strategic initiatives, e.g. increased scale, internal investment equity, late stage/pre-IPO investments and buyouts as well as private inclusion; and the different regulatory models and challenges involved managementdebt markets, including portfolios of bank loans across differentDURATION FEE DATEVENUEin protecting the interests of pension schemes. The wider stewardship role of pension schemes in the future obligor types. The course will also cover the investment vehicles and05 days 2,65005 - 09 June 2023London fund structures used as conduits for pension scheme investment. COURSE OBJECTIVES:On completion, you will be able to:DURATIONFEE DATE VENUE27 November - 01 December 2023Dubai Appreciate the increasingly important societal and economic 05 days1,95027 - 31 March 2023KigaliCOURSE OBJECTIVES:On completion, you will be able to:role of pensions Appreciate the increasingly important role played by private equity Understand duciary responsibilities to stakeholders in scheme 2,65031 July - 04 August 2023 Londonin investmentmanagement Understand the fundamental drivers behind the evolution of the market THE PENSION SCHEME INVESTMENT TOOLKIT NEW PENSION SCHEME INVESTMENT INNEWINFRASTRUCTURE AND REAL ESTATEIn recent times, pension schemes have signicantly increasedCOURSE OBJECTIVES:On completion, you will be able to:The long-term nature of both infrastructure assets, includingCOURSE OBJECTIVES:On completion, you will be able to: allocations to alternative asset classes and, in particular, to private Appreciate the increasingly important role played by private equity communications, ports and amenities, and commercial and Appreciate the increasingly important role played by private equityequity and infrastructure assets. The theoretical investment argument in investmentresidential real estate makes investment in these alternative asset in investment for these allocations is sound, given the high prices (and consequent Understand the fundamental drivers behind the evolution of the classes attractive to pension schemes. Understand the fundamental drivers behind the evolution of thelow yields) of traditional public investment assets, the liquidity market market premium that pension schemes can harvest and the creation of new Analyse the risk/return prole of private equity investmentHowever, pension investors need to exercise caution when considering Analyse the risk/return prole of private equity investment capital assets to support economic growth. Identify the principal actors in infrastructure project nance allocations to these asset classes. The robustness of projected cash Identify the principal actors in infrastructure project nance transactionsow streams generated by these investments through the business transactions The two courses in this toolkit programme have been specically Appreciate the key factor of liquidity in private assets visvis cycle needs to be carefully analysed since it is these cash ows, Appreciate the key factor of liquidity in private assets visvisdesigned to provide you with a holistic understanding of the suitability mainstream securitiestypically underpinned by contractual arrangements, that actually mainstream securities of different types of assets for pension scheme investment.Understand the important differences between infrastructure and generate income, and consequently returns, to investor capital. Understand the important differences between infrastructure and public goods public goods In week one, delegates will examine the principal types of privateThe programme provides delegates with key insights into the Project equity, ranging from venture capital through to growth equity, lateKEY TOPICSFinance techniques underlying infrastructure investment andKEY TOPICS stage/pre-IPO investments and buyouts as well as private debt The nature and risk/return prole of private asset investmentassesses the optimal position within the capital structure of project The nature and risk/return prole of private asset investment markets, and will understand the investment vehicles and fund Rationales for pension scheme allocation to private equity and nancing special purpose vehicles (SPV) to generate acceptable risk-Rationales for pension scheme allocation to private equity andstructures used as conduits for pension scheme investment. infrastructureadjusted returns for pension schemes risk appetite. Delegates will infrastructurePitfalls in private asset investment and the key role of effective discuss the suitability of different types of infrastructure assets for Pitfalls in private asset investment and the key role of effectiveIn week two, the focus will be on the risks and opportunities of due diligencepension scheme investment, and draw the careful distinction between due diligence investing in infrastructure and real estate assets. The programme Realistic liquidity analysis in public and private asset marketsthese and public goods perhaps more appropriately funded by Realistic liquidity analysis in public and private asset markets provides delegates with key insights into the Project Finance Evolution of private investments and key exit strategiesgovernment taxation and other sources. Evolution of private investments and key exit strategies techniques underlying infrastructure investment and assesses the Project nance structures and participants Project nance structures and participantsoptimal position within the capital structure of project nancingThe principal types of commercial and residential real estate are special purpose vehicles (SPV) to generate acceptable risk-adjustedDURATION FEE DATEVENUE covered in detail by the programme including construction of newDURATIONFEE DATE VENUEreturns for pension schemes risk appetite. properties as well as the valuation analysis and risk assessment 10 days4,450 05 - 16 June 2023 Londonunderpinning responsible investment by pension schemes in existing05 days2,65012 - 16 June 2023 London 27 November - 08 December 2023Dubai assets.04 - 08 December 2023 Dubai68e: trainingbookings@crownagents.co.uklt: +44 (0)20 3940 4300 w: crownagents.com/training 69'