K&L Gates and The Fletcher School will host a full-day conference on global infrastructure investment in emerging markets in partnership with SovereigNet: The Network for Sovereign Wealth and Global Capital, a key initiative of Fletcher's Institute for Business in the Global Context (IBGC). Keynote Speaker: David Murray - Inaugural Chair of the Australian Government Future Fund Board of Guardians (2006-2012), and Honorary Chair of the International Forum of Sovereign Wealth Funds
Closing Speaker: Admiral James G. Stavridis (Ret.) - Dean of The Fletcher School, Tufts University, and former Supreme Allied Commander, NATO Please join us for a one-day conference immediately preceding the 2013 Annual Meetings of the World Bank Group and the International Monetary Fund. K&L Gates, a Top 20 Global Law Firm, and The Fletcher School will host a full-day conference on global infrastructure investment in emerging markets in partnership with SovereigNet: The Fletcher Network for Sovereign Wealth and Global Capital, a key initiative of Fletcher's Institute for Business in the Global Context (IBGC).
The conference will bring together sovereign wealth and other long term investors, fund managers, corporate executives, public policy makers, practitioners, and academics to discuss investment opportunities, challenges to and risks of in-bound investment in emerging market infrastructure, and the policy frameworks that govern investment in emerging markets. The conference will be structured to provide both practical insights into financing infrastructure in emerging markets and opportunities for networking.
Four panels, featuring participants who have been directly involved in global infrastructure investment, will offer first-hand experience in discussion guided by moderators from K&L Gates and The Fletcher School.
Click here to download a PDF of the agenda.
Welcome and Opening Remarks
Opening Speaker: Patrick Mullen, Executive Vice President of Corporate Development, Chicago Bridge & Iron
Global Infrastructure Overview - Moderator: Eliot Kalter, The Fletcher School
Panelists will present an overview of the current investment climate, bringing regional and sector perspectives, and identify key areas of current investment opportunities. Discussion will focus on infrastructure investment in emerging markets; sources of funding for sovereign funds investing in infrastructure; prospects for continued financing availability; and, the tensions of investing domestically vs. outbound infrastructure investment. The panel will also address infrastructure capital flows to emerging markets, identify possible criteria for choosing infrastructure investments and provide as an overview of co-financing opportunities.
Practical Issues Around Deal Sourcing/Flow - Moderator: Patrick Schena, The Fletcher School
How do emerging market infrastructure deals originate and take shape? What are the respective and joint roles of local governments, multi-laterals, and the private sector in the process? This panel will examine infrastructure investment in emerging economies from origination to financing. It will explore themes from innovative investment structures to patterns of partnering and co-investment. Panelists will discuss the distinct barriers and risks to organizing investment in scale, as well as some creative solutions and work-arounds to facilitate the investment process. Externalities, and other unintended consequences - both negative and positive - will also be considered.
Keynote Speaker: David Murray, Inaugural Chair of the Australian Government Future Fund Board of Guardians (2006-2012), and Honorary Chair of the International Forum of Sovereign Wealth Funds
Diversity of Investment Structures - Moderator: Eric Freedman, K&L Gates
As sovereign and other long term investors contemplate investment in emerging markets, they inevitably need to consider the appropriate transaction structure for each investment: Auction/tender or bilateral negotiation? Solo or joint venture, and if the latter, with what joint venture partner? Public-private partnership? Equity investment or debt? Panelists will address the factors that inform the choice of transaction structure, including political risk and other political considerations, externalities, and the unique issues influencing transaction structures in emerging markets.
Case Studies - Moderator: Tom Holt, K&L Gates
Panelists will tie the day’s discussion together with a closer look at real world experiences in infrastructure investment in emerging markets.
Closing Speaker:Admiral James G. Stavridis (Ret.), Dean of The Fletcher School, Tufts University, and former Supreme Allied Commander, NATO