Liz Spruill
Liz Spruill
Speaker
Managing Director

Pennybacker Capital

United States

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Plenary

Paying Dividends: Investing Through Uncertainty

Liz Spruill
Managing Director,
Pennybacker Capital
Benjamin Krause
Partner,
3i Infrastructure
Rakesh Shankar
Partner, NextGen,
Antin Infrastructure Partners
Moderator
Josh Lanning
Executive Director - Power Investment Banking`,
Canadian Imperial Bank of Commerce (CIBC)

Equity investors are on the frontlines as US political and regulatory waves reshape the risk landscape. This panel explores innovative deal structures such as adaptive equity waterfalls and bespoke change-in-law clauses that empower investors to weather volatility without sacrificing upside. Join leading market voices for a deep-dive on how equity can thrive even when certainty is in short supply.

  • How can equity investors structure deals to balance protection and potential in an era of heightened policy and regulatory risk?

  • What lessons have emerged from recent US market disruptions, and how have equity investors adapted their risk allocation strategies?

  • Which deal terms and negotiation tactics are proving most effective for equity holders in responding to unforeseen legal or political changes?


Plenary

Proximo gameshow: Brought to you by Wilmington Trust

Nathan Ringelstetter
Senior Vice President, Finance,
Sunraycer
Mark Liu
Principal,
I Squared Capital
Liz Spruill
Managing Director,
Pennybacker Capital
Gianluca Bacchiocchi
Partner,
Clifford Chance
Juliet Wallace
General Manager,
Sumitomo Corp. of Americas
Federico Chiaramonte
Executive Director,
PGIM
Moderator
Doug Lavelle
Managing Director,
Wilmington Trust
Moderator
David Samuel
Commercial Director & Co-Founder,
TXF

In this all new gameshow, we put our industry leaders' knowledge to the test! Teams will go head to head, Jeopardy style, to compete on their project finance knowledge.