Come and connect with us at SuperReturn International at the InterContinental Hotel in Berlin on 2-6 June, 2025! SuperReturn International is one of the world’s leading gatherings for private equity professionals.
Come and connect with us at SuperReturn International at the InterContinental Hotel in Berlin on 2-6 June, 2025!
SuperReturn International is one of the world’s leading gatherings for private equity professionals. Held annually in Berlin, it brings together investors, fund managers and industry leaders to discuss market trends, share insights and explore opportunities in private markets.
For information on the event, please visit the dedicated website.
InterContinental Hotel Berlin
Budapester Str. 2, 10787 Berlin, Germany
2025-06-02 09:00 - 2025-06-06 15:00(GMT+00:00)
Join us on 26 June, 2025 at 10.00am BST / 5.00pm SGT for our latest “Blitzinar” bringing you key insights in 15 minutes + 15 minutes for direct Q&A, to discuss our recent report entitled “Reducing Capital Charges in Risk Based Prudential Frameworks”.
Calculating tail risk exposure presents a challenge for private markets industry participants, including regulators, due to poorly constructed indices (fund manager benchmarks) including slow and stale valuation techniques. Without accurate and frequent pricing, computed risk metrics will not reflect the distribution. As a result, capital charges imposed by regulators may be overly conservative to compensate.
Our report shows that a well-constructed private equities index, such as the private2000, has similar Value at Risk (VaR) and Conditional Value at Risk (CVaR) metrics when compared to broad market indices in listed markets. Further, the flagship infraMetrics index, infra300, has demonstrably lower VaR and CVaR relative to private and listed equities, suggesting that capital charges should differ across the asset classes.
There have been promising developments, with Solvency II in the EU differentiating between infrastructure and private equities, and the adoption of International Capital Standards by the International Association of Insurance Supervisors (IAIS). More room exists to adapt to the different return/risk profile of the two asset classes.
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Virtual
2025-06-26 10:00 - 10:30(GMT+01:00)