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February 2017 - PowerPoint Presentation

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February 2017 - PPT Presentation

The PP i A is Membership of 50 private institutional placement i nvestors 2 4086 Advisors Barings Guardian Life Insurance Northwestern Mutual State Farm Alliance Bernstein CIGNA ID: 567145

life capital private debt capital life debt private market insurance ppia mission placement investment practices american industry investments facilitate

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Presentation Transcript

Slide1

February 2017Slide2

The PP

i

A is:

Membership of 50 private institutional placement investors

2

40|86

Advisors

Barings

Guardian Life Insurance

Northwestern Mutual

State Farm

Alliance Bernstein

CIGNA

Guggenheim

Partners

Ohio

National

State of Wisconsin

Advantus

Columbia

Threadneedle

Hartford

Investment Management

OMERS Capital Partners

Sun Life Investment Management

AEGON

Conning

John Hancock

One America

Thrivent

Financial

AIG Investments

Delaware Investments

MEMBERS Capital Advisors

Pacific

Life

TIAA

Allianz

Federated Insurance

MetLife

Phoenix

Unum

Group

Allstate

American Equity

Fidelity

& Guaranty

Modern Woodmen of America

Pan-American

Life

USAA

Ameritas

Fort

Washington

Mutual of Omaha

PPM America

Voya

Assurity

Life

Genworth

Nationwide

Principal Global

Investors

Woodmen of the World Life

Athene

Great West

New

York Life

PrudentialSlide3

PPi

A

Mission

We are a business association of insurance companies and other institutional investors who invest in privately placed debt instrumentsWe provide a forum for our members

to discuss key industry issues with interested parties:RegulatorsInvestment bankers

Debt issuers

Private debt purchasers

Other constituents

3Slide4

Facilitate Best Practices

Part of

PP

iA’s mission is to promote best practices for industry conduct and interaction:With regulatorsWith investment bankers

With outside counselWith debt issuersWith rating agencies

Amongst

ourselves, as market participants

4Slide5

Interact With Related Groups

The

PP

iA has outreach to industry organizations that touch private placements:American Counsel of Life InsuranceAmerican College of Investment Counsel

North American Securities Valuation AssociationSociety of Actuaries

Securities Valuation Office

National Association of Insurance Commissioners

5Slide6

Promote the Private Placement Market

Part of

PP

iA’s mission is to promote the private placement debt marketFacilitate awareness in the capital marketsEncourage best practices for industry participants to have an efficient capital market

6Slide7

Facilitate Capital Access

Part of the

PPiA’s

mission is to facilitate capital accessEnable productive investments for the organizations that purchase debt private placementsEnable capital for companies, projects, and organizations that can benefit from our unique and patient ability to learn, analyze and understand a borrower’s story and business

7Slide8

Relationships Matter

In a transactional world, meeting and knowing the parties who will be partnered together for a decade or longer in a financial relationship has value

8

Repeat access to market

Ability to understand business needs

Respond constructively to find solutions

Maintain relationships with deal providers and borrowers

Encourage productive interaction with buy-side institutions

Encourage best practicesSlide9

Advantages of Our Market

Long Term stable

c

apitalAlmost three quarters of a trillion dollars of long-term, stable capital

Capacity for complexity

Participants

are willing to invest in

complex transactions with flexible features such as delayed funding, amortizing structures, off the run maturities and foreign currency

Pioneer spirit

Investment

community is willing to consider new geographies, industries and

structures

Through the cycle

The private placement debt market stays open even during economic cycles with debt maturities available from 2 to 40 years

9Slide10

2017 Important Issues

In 2017,

PP

iA is especially focused on:Smooth implementation of industry’s contribution to the new regulatory requirements on private letter ratings from the Securities Valuation Office (SVO) of the National Association of Insurance Commissioners (NAIC)

Monitor potential new capital rules from the NAIC

10Slide11

How To Contact Us

Our website:

www.usppia.com

11Slide12