Private Debt Secondaries
Join this panel to hear our expert speakers explore the expansion of the private debt secondaries market including the key drivers such as active portfolio management by LPs looking to rebalance their portfolios as well as the likely rise in GP-led restructurings following COVID-19 related market dislocation.
Speakers
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Toni is a Partner in Pantheon’s European Investment and Global Private Debt Investment Teams and is a member of the European Investment Committee and Global Credit Committee. He previously worked in the private markets team at Cambridge Associates, where he advised institutional investors on their private market investment programs and conducted research and due diligence on private market funds, managers, and markets. Toni has an MPhil in economics from the University of Oxford and a BEng in engineering with business finance, which was jointly taught at University College London and the London School of Economics and Political Science. He is fluent in Finnish, Spanish and English, and is based in London.
Olga Kosters joined Tikehau Capital in 2019 to head the Private Debt Secondaries investment strategy. Olga has twenty years of investment and structuring experience in private and public capital markets. Prior to joining Tikehau Capital, she advised large institutional investors on US private credit strategies while at StepStone Global and led the execution of corporate private debt strategy at Zurich Insurance Group. Prior to this, Olga held several positions at the European Bank for Reconstruction and Development in London.
Jeff leads the global secondaries business, focused on GP-led and special situation transactions, and partners with private equity, private credit, and secondary fund sponsors. Prior to joining the firm, he was co-head of Houlihan Lokey’s illiquid financial assets practice, a unit he co-founded and built into the leading investment banking group focused on customized transactions for holders of illiquid securities, and before that, he was a senior managing director at Bear Stearns & Co., where he founded, built, and co-led, the private equity fund-of-funds and secondary investing unit of Bear Stearns Asset Management. Earlier in his career, Jeff co-founded BDC Financial, a firm that provided customized private equity investment management and advisory services to institutional and high-net-worth investors. He also held investment banking positions at Morgan Stanley and Goldman Sachs.
John Anderson is an international counsel in the London office, and a member of the Funds/Investment Management and Private Equity Groups. He advises clients in all aspects of fund formation, including with Luxembourg and non-European fund structures, most notably for senior and subordinated credit fund strategies. He also regularly advises on separate account arrangements, including for EU institutional clients with complex regulatory and tax issues. Mr. Anderson is recommended by The Legal 500 UK (2021).
Mr. Anderson started his career at Debevoise, spending 14 years in the firm’s New York and London offices. He then spent six years as General Counsel at a leading private debt manager before rejoining Debevoise in London.
Mr. Anderson received his B.A. with honors in Rhetoric from the University of California at Berkeley in 1996 and his J.D. from Yale Law School in 2000. He is admitted to the bar in New York and is a member of the American Bar Association and the New York State Bar Association.