uncorrelated Puerto Rico

April 15-17, 2026

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2026 Agenda

April 15th - Wednesday

5:00PM - 8:00 PM

OPENING cOCKTAILS

April 16th - Thursday - conference Day 1

8:00 AM - REGISTRATION OPENS

Pick up your name badge and gift bag, grab a light bite and network early with other attendees.

9:00 AM - OPENING & WELCOMING REMARKS

Enjoy a brief introduction from your conference co-hosts.

9:20 AM - Introduction to Puerto Rico

Puerto Rico is emerging as a premier destination for global investors, driven by attractive tax incentives, a growing alternative investment ecosystem, and a strategic geographic position bridging the U.S. and Latin America. This session will explore the key drivers fueling Puerto Rico’s rise, including favorable regulatory frameworks, an influx of capital, and expanding opportunities in private equity, venture capital, real estate, and private credit. Industry leaders will discuss why fund managers, family offices, and institutional investors are increasingly looking to Puerto Rico as a hub for capital deployment, innovation, and long-term growth.

  • Panelist: Christian Kleiner, Luxury Real Estate Advisor, Christian Kleiner Luxury Real Estate

  • Panelist: Alberto Bacó Bagué, Co-Founder, RE CAPITAL LLC & Founding Director, Partnership for Modern Puerto Rico

  • Panelist: John Bozek, Chief Strategy Officer, Invest Puerto Rico

10:05 AM - Status of Alternatives - A Live Recording of The Derivative Podcast

In this live-recorded session, The Derivative Podcast convenes a group of investors and managers for a wide-ranging conversation on the current state of alternative investments. Spanning private markets, real assets, and emerging strategies, the discussion will explore how allocators are thinking about portfolio construction in today’s environment—where traditional correlations are shifting and dispersion across managers is widening. Expect an unscripted, practitioner-led dialogue on what’s working, what’s crowded, and where capital is finding its next edge. Recorded in front of a live audience and distributed across The Derivative Podcast & Uncorrelated networks, this session captures the real conversations shaping alternatives today.

  • Moderator: Brent Johnson, CEO, Santiago Capital

  • Panelist: Jason Buck, CEO/CIO, Mutiny Funds

  • Panelist: Jeff Malec, Partner, RCM Alternatives

  • Panelist: Mark A. Tower, Executive Director, Head of Business Development &

    Investor Relations, Asset Management One USA Inc.

10:45 AM - NETWORKING BREAK

11:00 AM - FIRESIDE CHAT: Rebuilding Roosevelt Roads: A Once-in-a-Generation Investment Opportunity

In this fireside chat, Carlos Ríos Pierluisi, Executive Director of the Roosevelt Roads Local Redevelopment Authority, provides an inside look at one of the most ambitious redevelopment projects in the Western Hemisphere. Once a major U.S. naval installation, Roosevelt Roads is being transformed into a multi-use economic hub spanning logistics, advanced manufacturing, energy, tourism, and emerging aerospace applications. With significant land, runway, and port infrastructure already in place, the project presents a rare platform for aviation and space-adjacent development alongside broader industrial and commercial investment. This conversation will provide a direct perspective on how institutional and private investors can engage in a large-scale redevelopment with both economic and strategic significance for Puerto Rico and beyond.

11:35 AM - Investing In Space & Defense

Space and defense are emerging as increasingly uncorrelated investment themes as geopolitical realignment, national security priorities, and commercial innovation drive sustained demand largely independent of traditional economic cycles. This session explores the expanding opportunity set across aerospace, satellite infrastructure, launch services, defense technology, and dual-use platforms, with a focus on how private capital is accessing markets once dominated by governments. The emphasis is on durable, mission-critical demand, public-private partnerships, and why space and defense are gaining attention as resilient, non-correlated components within diversified alternative portfolios.

  • Panelist: Paul Graven, Co-Founder & Chief Marketing Officer, Space Agility

12:15 PM - LUNCH KEYNOTE

1:15 PM:

Main Track - FIRESIDE CHAT: Financing Puerto Rico Tax Credits

Puerto Rico's tax credit programs have created a compelling and often underappreciated financing opportunity — one that sits at the intersection of structured finance, economic development, and the island's broader capital markets evolution. This fireside chat breaks down how Puerto Rico tax credit financing actually works, from the mechanics of historic rehabilitation and low-income housing credits to the investor structures being used to deploy capital efficiently. The conversation explores the risk-return profile relative to mainland alternatives, the role of Act 20, Act 22, and Act 60 in shaping the broader incentive landscape, and where the most compelling opportunities — and pitfalls — exist for allocators looking to access this niche but increasingly relevant corner of the market.

Breakout A: Special Invite Only Family Office Sessions with Angelo Robles

Breakout B: Crypro Mastermind

1:50 PM:

Main track - Wealth Manager Perspective

As alternative investments move from institutional staple to mainstream wealth management offering, the advisors closest to high-net-worth and ultra-high-net-worth clients are navigating an entirely new playbook. In this panel, leading wealth managers shares a candid view from the front lines — how client conversations around alts have evolved, which asset classes are generating the most interest and skepticism, how fee structures and liquidity expectations are being renegotiated, and what it truly takes to build a defensible alternatives allocation for private clients in today's market.

Breakout - incentives Pro Demonstration

2:30 PM - NETWORKING BREAK

2:45 PM - Tokenization In Alternatives

Tokenization has moved from theoretical promise to live infrastructure, and the alternatives industry is beginning to feel its weight. As blockchain-based ownership structures gain traction across private equity, real estate, and private credit, a panel of practitioners explores how tokenization is reshaping the way alternative investments are structured, distributed, and traded. The conversation covers the real mechanics of token issuance, how fractional ownership is unlocking liquidity in historically illiquid asset classes, and what a tokenized future means for the traditional GP-LP relationship. With institutional adoption accelerating, the panel asks the question every allocator should be sitting with: not if tokenization reshapes alternatives, but how fast.

  • Moderator: Michael Terpin, Founder and CEO, Transform Ventures, Author, Bitcoin Supercycle

  • Panelist: Fizza Khan, Founder & CEO, Silver Regulatory Associates

  • Panelist: Douglas Spencer, Founder, Monetaforge

  • Panelist: John Kramer, Co-Founder & CEO, Manifest

3:30 PM:

main track - FIRESIDE CHAT: Insurance Meets Private Credit - Building Next-Generation Income Strategies

In this fireside chat, Doug Mellinger, Managing Director at Clarion Capital Partners, explores how insurance and private credit are converging to create differentiated, yield-oriented investment strategies. Drawing on Clarion’s experience structuring insurance platforms and deploying capital into asset-backed and specialty credit opportunities, the discussion will highlight how this integrated model can generate resilient income streams with limited correlation to traditional markets. The conversation will also examine why jurisdictions like Puerto Rico are emerging as strategic hubs for these structures, and how sophisticated investors are gaining exposure to a segment of the market that combines underwriting economics with private lending. A compelling look at an evolving strategy designed for durability, scalability, and attractive risk-adjusted returns.

Breakout - Tokenization of Real-World Assets 

In this breakout session, Douglas Spencer explores how tokenization is beginning to reshape the infrastructure underlying private markets. As fund managers look for more efficient ways to handle ownership, liquidity, and investor access, blockchain-based structures are emerging as a potential unlock for long-standing frictions in the industry. The discussion will focus on how tokenization is being applied in practice, what it means for fund structuring and capital formation, and where the technology is realistically gaining traction today versus where it remains conceptual. A forward-looking conversation on how digital infrastructure could redefine how funds are built, operated, and accessed.

4:05 PM - Private Credit

Private credit has expanded from a niche corner of the market into a multi-trillion dollar asset class that now rivals traditional fixed income in institutional portfolios. In this panel, managers and allocators active across the credit spectrum examine where the opportunity set stands today — how spreads and structures have evolved as capital has flooded the space, where direct lending, mezzanine, and specialty finance are offering the most compelling risk-adjusted returns, and how underwriting discipline is being tested as the cycle matures. The conversation also tackles the question every allocator should be asking: how to distinguish managers who have maintained credit standards from those who sacrificed them to deploy capital.

4:50 PM - Evening Cocktails

April 17th - Friday- conference DAY 2

8:00 AM - CHECK-IN

Grab a light bite and network early with other attendees.

9:00 AM - Impact Investing

Impact investing has graduated from niche mandate to mainstream allocation consideration, but questions around measurement, authenticity, and returns remain very much alive. In this panel, practitioners and allocators across the impact spectrum examine where the asset class stands today — how impact frameworks have matured, where the tension between financial return and measurable outcomes is being honestly navigated, and which sectors and geographies are generating the most compelling risk-adjusted opportunities. The conversation tackles greenwashing head-on, explores how LPs are holding GPs accountable to stated impact theses, and looks at what the next generation of impact vehicles — from blended finance to catalytic capital — means for portfolios built around both purpose and performance.

  • Moderator: DJ Lampitt, VP Small Business Development & Strategic Initiatives, National Puerto Rican Chamber of Commerce

9:45 AM - AI & Alternatives

Artificial intelligence is no longer a distant disruption on the horizon — it is actively reshaping how alternative investments are sourced, underwritten, managed, and distributed. In this panel, practitioners at the intersection of AI and alternative asset management examine where the technology is delivering real edge today: from deal sourcing and due diligence automation to portfolio monitoring, risk modeling, and investor relations. The conversation moves beyond the hype to address where AI is genuinely augmenting human judgment, where it is falling short of expectations, and how firms that invest early in AI infrastructure are positioning themselves for a structural advantage. For allocators and managers alike, this session offers a grounded look at what it means to build — and back — an AI-native alternatives platform.

10:25 AM - NETWORKING BREAK

10:40 AM - Institutional Allocator

The institutions deploying the largest pools of capital into alternatives — pension funds, endowments, sovereign wealth funds, and insurance companies — are navigating a markedly different environment than the one that defined the last decade. In this panel, senior allocators pull back the curtain on how their alternatives programs are evolving: how target allocations are shifting across private equity, real assets, hedge funds, and private credit, how manager selection and due diligence processes have tightened, and how institutions are thinking about liquidity, co-investment, and fee compression in a higher-rate world. Candid and data-driven, this session offers fund managers and emerging GPs an invaluable window into what the most sophisticated capital in the market is actually looking for right now.

11:25 AM:

Main Track - SPACs and Beyond: Mining Complexity for Alpha in Public Markets

This session explores how sophisticated investors use complexity, structural inefficiencies, and misunderstood corners of public markets to generate differentiated alpha. Using SPACs as a starting point, the discussion expands to related strategies across special situations, corporate actions, post-reorg equities, and other complex public-market opportunities. Speakers will examine where dislocations persist, how risk is managed through volatile market cycles, and what skill sets and structures are required to consistently extract returns from complexity-driven strategies in today’s public markets.

  • Panelist: Louis Camhi, Chief Investment Officer, RLH Capital, LLC

  • Panelist: Vikas Mittal, Managing Member & Chief Investment Officer, Meteora Capital

Breakout: Special Invite Only Family Office Session with Angelo Robles

12:10 PM - Beyond the Buckets: Niche Strategies Driving Uncorrelated Returns

Not every compelling opportunity fits neatly into traditional asset class definitions. This panel brings together managers deploying capital across less conventional, often under-the-radar strategies—ranging from specialty finance and asset-backed niches to emerging real assets and differentiated thematic plays. The discussion will explore where these opportunities originate, how inefficiencies persist, and why smaller, more specialized markets can offer attractive risk-adjusted returns. For allocators, this is a look into the edges of the opportunity set—where creativity, structure, and sourcing can unlock genuinely uncorrelated outcomes.

12:50 PM - LUNCH Presentation

1:50 PM - Private Credit

As private credit has scaled into a core allocation for institutional portfolios, the dynamics of the market are shifting in real time. This panel brings together investors operating across direct lending, structured credit, and specialty finance to unpack how competition has impacted pricing, terms, and lender protections—and where discipline still creates an edge. The discussion will focus on sourcing in a crowded market, the re-emergence of complexity as a driver of returns, and how managers are positioning portfolios for a potentially less forgiving credit environment. At the center is a critical allocator question: where today’s opportunities reflect true risk-adjusted value versus simply the byproduct of excess capital.

2:35 PM - Family Office Perspective

Family offices have become some of the most strategically positioned pools of private capital globally, yet their perspective rarely makes it to the main stage. In this panel, principals and advisors offer a candid look at how family office investment programs are evolving — how alternatives allocations are being constructed, how tax and regulatory considerations shape portfolio strategy, and how the next generation of wealth holders is influencing mandate and risk appetite. A rare window into how family capital actually approaches manager selection, structuring, and long-term wealth preservation.

  • Panelist: Ned Mahic, Founder/CEO, 9606 Capital

  • Panelist: Bob Racusin, Managing Director & Senior Advisor, Eagle Bay Family Office

3:15 PM - NETWORKING BREAK

3:30 PM - Real Estate Across Markets: Navigating Opportunity in the U.S., Puerto Rico, and the Caribbean

Real estate capital is being deployed across a diverse set of markets, from major U.S. metros to high-growth pockets in Puerto Rico and the broader Caribbean. In this panel, investors and developers examine where opportunities are most compelling today—across residential, hospitality, industrial, and mixed-use projects—and how local dynamics shape underwriting and returns. The discussion will cover deal structures, financing conditions, and the role of tax and incentive frameworks, including Act 60, in influencing capital flows. With perspectives spanning multiple jurisdictions, the conversation also addresses key risks—from regulatory and environmental considerations to liquidity and exit strategy—in an increasingly interconnected real estate landscape.

4:15 PM - Crypto in the Caribbean

The Caribbean has emerged as one of the most forward-leaning regions for cryptocurrency adoption and regulation, and the opportunity set for investors and operators is evolving fast. In this panel, practitioners active across digital assets in the region examine what makes Caribbean jurisdictions compelling for crypto-native businesses and funds, how regulatory frameworks across Puerto Rico and the rest of the Caribbean are shaping where capital is landing, and what the maturation of crypto markets means for allocators still sizing up the space. Grounded perspective on where genuine opportunity exists — and where hype still outpaces fundamentals.

5:00 PM - CLOSING Keynote

5:35 PM - CLOSING REMARKS

5:50 PM - CLOSING COCKTAILS

7:00 PM - THE BIG PARTY

2026 Sponsors

CO-HOSTS

Featured
AG&T
EFSI
EN Capital
Financial Analysts' Society of Puerto Rico
Inti Advisors
The National Puerto Rican Chamber of Commerce

DIAMOND

Featured
Capital Advisory Ai
IncentivesPRO

PLATINUM

GOLD

STRATEGIC PARTNERS