Noam Cotton | Credit Invest USA by FILS

Day 2 | 5th December

11:40 AM Innovation Keynote: Tokenization, blockchain and ETFs: How are these tools becoming liquidity game-changers and helping the buy side meet evolving investor needs?

Private credit has long been synonymous with illiquidity—but that’s starting to change. In 2025, innovations like tokenization and exchange-traded structures are gaining traction as viable solutions to enhance liquidity, transparency, and secondary trading optionality. This session explores how firms are leveraging these tools to expand access, manage portfolio risk, and meet evolving investor demands.

2:00 PM Fireside Chat: Building accountability in a benchmark-free zone: How can we lean on tech-enabled tools to assess alpha, risk, and relative value to improve manager accountability?

Manager evaluation in private credit is being tested by a lack of standardization—making performance comparison opaque. As LPs demand more transparency, 2025 is becoming the year of creative benchmarking, where investors are building custom metrics, using public analogs, or leaning on tech-enabled tools to assess alpha, risk, and relative value. This session unpacks how accountability is evolving in a benchmark-light asset class.