Tensions on Semi-Liquid Private Credit Funds: US and EU Perspectives

The recent implementation of gating mechanisms across several US semi-liquid private credit funds has brought renewed scrutiny to liquidity of private credit funds. Widely reported developments involving several leading platforms have highlighted mounting redemption pressures and raised broader questions about private credit funds resilience on both sides of the Atlantic.

Against this backdrop, a key issue for investors and market participants is whether these US redemption pressures could raise similar issues on European semi-liquid private credit funds.

This conference will provide a forward-looking analysis of these dynamics, bringing together industry practitioners to examine the drivers of current stresses in the US market and its potential impacts in Europe, given the respective regulatory frameworks and liquidity management tools.

Agenda

• Panel 1: Understanding the US Framework for Semi-Liquid Private Credit Funds
• Panel 2: Redemption Pressures in US Semi-Liquid Private Credit Funds
• Panel 3: Similar Issues for EU Semi-Liquid Private Credit Funds
• Panel 4: Specificities of the EU Credit Market vs. the US Credit Market
• Panel 5: Efficiency of the EU Regulatory Framework on LMTs

Presenters

• Dominique Carrel-Billiard | Managing Director, Amundi Real Assets
• Antoine de la Guéronnière | Head of Public Affairs, BNP Paribas Asset Management
• Mayeul Rebaudet | Director, Private Debt Investment, Eiffel Investment Group
• Eric Gallerne | Managing Partner, Co-Head of Private Credit Funds in Europe, Eurazeo
• Timothy Levin | Partner, Philadelphia
• Gilles Saint Marc | Partner, Paris

Questions?

Please contact Aurélie Simon.