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
Download Presentation The PPT/PDF document "February 2017" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
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