Venture Capital Summit
Tuesday, 12 November 2013
08:00 Registration and refreshments
08:50 Opening remarks
09:00 Economist Briefing (Joint session with the Private Equity Leaader’s and Limited Partner Summits)
09:30 Asian Private Equity: View from the top (Joint session with the Private Equity Leaader’s and Limited Partner Summits)
  • How is Asian private equity performing in 2013 and how are issues with valuations, exits and fundraising affecting the industry?
  • Which sectors are going to be making the news for PE deals over the next 12 months?
  • Asian growth vs distressed western opportunities
  • Has the pessimism in some key markets dampened the appetite for Asian PE investment or is the growth story still alive?
  • How is accessible financing effecting private equity?
  • Will private debt and offer non-traditional PE offerings become standard issue?
  • How is the lack of exits in Asia effecting LP’s view on the region?
10:30 Networking coffee break
11:00 The rise of early stage investment
  • How do Asian VC’s view pre-revenue vs. early revenue investments?
  • What effect is the return of angel investors and incubators having on the industry?
  • How do you go from a local startup to a multinational corporation?
  • What methods are used to in the region?
  • Does Asia have sufficient Innovative/Entrepreneurial talent to fuel its innovation growth? Where are these people to be found and how can they be engaged?
  • Is the emergence of full service venture capital firms, micro venture fund managers, crowdfunding, incubators and ‘first-time’ funds transforming the industry?
11:45 The emergence of corporate VC in Asia
  • How can corporates establish a robust VC value proposition for investee companies to compete with the established traditional players?
  • What cooperation and partnerships have corporates formed with VC firms and how does this work in practice?
  • Do entrepreneurs understand the investment philosophy of a corporate venture capital firm and in reality is it viewed as a M&A transaction?
  • What lessons can be learnt from US counterparts who have a more mature corporate VC landscape?
12:30 Networking lunch
13:30 Finding the next big global innovation 
  • Which technology trends should VC’s watch out for in the coming year?
  • Do you have to experiment and try new methods to uncover the next big thing?
  • Can Asia be at the forefront of innovation or is likely to follow the trends from the West?
  • Will enterprise software and cloud computing be the sectors where innovations is most likely to emerge?
  • Can crowdfunding help VCs identify the best investment ideas?
14:15 Getting to the Exits – How VCs will turn potential into profit
  • Which venture-backed sectors are likely to see better exit opportunities over the coming years?
  • Are the IPO markets going to rebound for venture back companies? 
  • Could secondary markets become a valid exit option for VC funds? 
  • Will the entrance of offshore corporates into Asia, and particularly China, provide more exit options?
  • How do VC firms minimise loss from the investments that failed to launch?
15:00 VC fundraising: LPs perspective of the industry
  • What sectors do LPs prefer and are they more interested in early or later stage investments?
  • What are common mistakes made by GPs when meeting with prospective LPs?
  • What kind of information do LPs want to see in a neatly organised due diligence packet
  • How do you present the track record?
  • Do Asian firms increasingly have to look to the US for investment?
  • What impact has slowdown in VC deals over the last 18 months had on fundraising and LPs interest in adding VC to their portfolio?
  • Has venture delivered returns in recent years
16:15 Networking coffee break
16:30 Where is Asia right now and how do you drive success (Joint session with the Private Equity Leaders and Limited Partner Summits)
  • How is the Asian private equity model evolving differently to Europe and the US?
  • Which sectors will provide the best opportunities going forward and why?
  • What trends are likely to develop in fundraising given the competitive and crowded space?
  • What are the "value-adds" that GP can bring in to differentiate themselves and put themselves the front of the pack for deals when the market picks up?
17:30 The evolving role of LPs: Global and domestic LP’s share their views on PE (Joint session with the Private Equity Leaders and Limited Partner Summits)
  • What sentiments do CIO’s and Trustees have to PE?
  • What needs to change in the asset class, transparency, risk metrics etc?
  • As LP’s continue to develop direct investment teams and look at co-investment opportunities favourably how are dynamics changing
  • Are allocations to Emerging Asia likely to be challenged by the African and Latin American investment opportunity?
18:00 Close of summit
18:15 Cocktail reception

Please note, the programme is subject to change.

Limited Partner Summit
Tuesday, 12 November 2013
08:00 Registration and refreshments
08:50 Opening remarks
09:00 Economist Briefing (Joint session with the Private Equity Leaader’s and Limited Partner Summits)
09:30 Asian Private Equity: View from the top (Joint session with the Private Equity Leaader’s and Venture Capitlal Summits)
  • How is Asian private equity performing in 2013 and how are issues with valuations, exits and fundraising affecting the industry?
  • Which sectors are going to be making the news for PE deals over the next 12 months?
  • Asian growth vs distressed western opportunities
  • Has the pessimism in some key markets dampened the appetite for Asian PE investment or is the growth story still alive?
  • How is accessible financing effecting private equity?
  • Will private debt and offer non-traditional PE offerings become standard issue?
  • How is the lack of exits in Asia effecting LP’s view on the region?
10:30 Networking coffee break
11:00 Effective portfolio management and asset allocation 
  • Where do LP’s see Asia in terms of current and future portfolio allocation
  • How do you select your GPs and what markets and sectors are of preference?
  • How do you monitor and evaluate the overall performance of your GPs and their assets?
  • How should LP’s be monitoring zombie funds and what right what steps can be taken to make sure they are acting in best interest of investees and LPs?
  • Do LPs invest because of  internal allocation mandates or alpha returns?
11:45 Technical briefing: Examining the regulatory, tax and legal landscape
  • How do tax structures vary across the region?
  • What tax pitfalls should LP look out for in Asia?
  • What implication will international and domestic regulatory changes have on LPs?
  • How can foreign LPs gain a greater understanding of the legality issues of investing in Asia to increase trust in the market?
12:30 Networking lunch
13:30 The realities of doing business in Asia
  •  Which markets in Asia present the best investment opportunities?
  • How do LP’s ensure accurate and truthful due diligence is performed prior to making commitments?
  • Are LPs favouring locally based teams or a centralised fund management system?
  • What criteria should LP’s choose when deciding on their fund managers?
14:15
- 15:30
Opportunities in the Secondary Market
  • With more and more issues with legacy and tail end commitments is the secondary market the best way to extract liquidity
  • How is the secondary market growing in Asia and how can LP’s take advantage of that
  • Is the secondary market as liquid as LP’s are lead to believe
16:15 Networking coffee break
16:30 Where is Asia right now and how do you drive success (Joint session with the Private Equity Leaders and Venture Capital Summits)
  • How is the Asian private equity model evolving differently to Europe and the US?
  • Which sectors will provide the best opportunities going forward and why?
  • What trends are likely to develop in fundraising given the competitive and crowded space?
  • What are the "value-adds" that GP can bring in to differentiate themselves and put themselves the front of the pack for deals when the market picks up?
17:30 The evolving role of LPs: Global and domestic LP’s share their views on PE (Joint session with the Private Equity Leaders and Venture CapitalSummits)
  • What sentiments do CIO’s and Trustees have to PE?
  • What needs to change in the asset class, transparency, risk metrics etc?
  • As LP’s continue to develop direct investment teams and look at co-investment opportunities favourably how are dynamics changing
  • Are allocations to Emerging Asia likely to be challenged by the African and Latin American investment opportunity?
18:00 Close of summit
18:15 Cocktail reception

Please note, the programme is subject to change.

PE Leaders’ Summit
Tuesday, 12 November 2013
8:00 Registration and refreshment
8:50 Opening remarks
9:00 Economist briefling (Joint session with the Venture Capital and Limited Partner Summits)
9:30  Asian Private Equity : View from the top (Joint session with the Venture Capital and Limited Partner Summits)
  •  How is Asian private equity performing in 2013 and how are issues with valuations, exits and fundraising affecting the industry?
  • Which sectors are going to be making the news for PE deals over the next 12 months?
  • Asian growth vs distressed western opportunities
  • Has the pessimism in some key markets dampened the appetite for Asian PE investment or is the growth story still alive?
  • How is accessible financing effecting private equity?
  • Will private debt and offer non-traditional PE offerings become standard issue?
  • How is the lack of exits in Asia effecting LP’s view on the region?
10:30 Networking coffee break
11:00 Succession planning - looking for the next generation in private equity
  • Is there a significant talent pool in place below the founders to lead the GP to the next stage
  • Do you communicate future staff changes to your LPs when fundraising?
  • Are ageing founders a cause for concern for investors?
  • What have the top GPs done to keep their leadership team in place?
  • What incentives, partnerships and promotions and career paths can you develop to attract future industry leaders to join your firm?
11:45 Driving value creation across your portfolio
  • How can you improve your portfolio’s operating costs through business process optimisation?
  • What tools can you implement to gain a holistic view of your portfolio to drive value creation from purchase to exit?
  • How do firms review, monitor and report the value creation process?
  • In practice are PE firms using tools to their full capacity and is there gap between the potential and reality of utilisation due to lack of product knowledge?
  • What do you need to increase transparency and ensure compliance with new regulations?
12:30 Networking lunch
13:30 Effective due diligence processes
  • How will new regulations in the UK and US affect private equity deals and LPs ability to invest in Asia?
  • How can you improve the tax efficiency of the transaction?
  • How can you manage ESG at operating level and for managing compliance/reputational risk?
  • What processes can be used to accurately measure valuations to gain LPs trust?
  • How do you perform legal and operational due diligence?
  • How can political and reputational risk be effectively evaluated and measured?
14:15 Fund-setup and administration issues
  • Should fund administration be managed in-house or should all systems be outsourced?
  • Where are the preferred fund locations for investment in Asia?
  • How do you ensure compliance with legal requirements in the fund vehicle’s domicile?
  • What process can you employ to review portfolio transactions and balances to ensure compliance with investment restrictions?
15:30 Investor relations and the continuous fundraising cycle
  • What strategies can you employ to communicate your strengths to the market to secure a successful next fundraising campaign?
  • How do you establish LPs asset allocations, previous investments made, fund investment plans and preferred strategies?
  • Do investors pay special attention to the individual fund manager’s track record or are they more concerned with the overall team performance?
  • How do LPs view regional funds, versus single-country or global funds?
16:15 Networking coffee break
16:30 Where is Asia right now and how do you drive success (Joint session with the Venture Capital and Limited Partner Summits)
  • How is the Asian private equity model evolving differently to Europe and the US?
  • Which sectors will provide the best opportunities going forward and why?
  • What trends are likely to develop in fundraising given the competitive and crowded space?
  • What are the "value-adds" that GP can bring in to differentiate themselves and put themselves the front of the pack for deals when the market picks up?
17:30 The evolving role of LPs: Global and domestic LP’s share their views on PE (Joint session with the Venture Capital and Limited Partner Summits)
  • What sentiments do CIO’s and Trustees have to PE?
  • What needs to change in the asset class, transparency, risk metrics etc?
  • As LP’s continue to develop direct investment teams and look at co-investment opportunities favourably how are dynamics changing
  • Are allocations to Emerging Asia likely to be challenged by the African and Latin American investment opportunity?
18:00 Close of summit
18:15 Cocktail reception

Investment Summit
Wednesday, 13 November 2013
08:00 Registration and refreshments
08:50 Opening remarks
09:00 Opening keynote address
09:30 Keynote panel: The changing face of private equity
  • Can private equity firms compete in the wider alternative asset space?
  • How is the PE model different between, listed and un-listed funds?
  • How do infrastructure, real estate and debt fit into a diversified private equity platform?
  • What have successful GPs done to raise funds in the current market?
  • What are the realities of delivering customised solutions to LP’s? 
  • How much flexibility will GPs require to meet the new terms and conditions that many LPs now demand?
  • How do firms cope with changing fund sizes?
10:20 Creating alpha via specialised teams 
  • How valuable is it to have localised teams? Or can superior results be achieved by a centralised team of experts?
  • How important is ESG within your own team and within portfolio companies?
  • How do you source and attract a network of industry experts to provide strategic leadership when required?
  • Do you have to have to be both sector and country specific in your investment philosophy to maximise growth in your portfolio?
  • Is specialsation actually creating superior returns?
11:10 Networking coffee break
11:30
Grand Ballroom Victoria I
What is next for Asian venture capital Investor slector - An LP asks the questions and picks the fund
  • Has early stage venture made a return and if so, how do VC’s find the next big thing in a myriad of good ideas?
  • How do you source the leading entrepreneurs and convince them to join forces?
  • Are angel investors and  incubators fuelling growth in the VC industry?
  • How can the new breed of international VC’s enter the Asian market?
     

 

An LP looking to deploy capital will ask a serious of unrehearsed, investment-related questions to three GPs who will each get a chance to convince the LP to pick their fund. The LP then has to make a difficult decision and pick one GP who they would invest with.
The GPs will not be able to see the LP on-stage during the Q&A.
12:15 Keynote interview with Bloomberg
12:45 Networking lunch
13:45 Fireside chat
14:15
The realities of investing in China in 2014 The increasing necessity for a secondaries market
  • How are the China growth forecasts impacting private equity
  • With the continued closure of the IPO market and a concerning backlog of deals, is M&A a viable exit option
  • How will the participation of insurers affect the private equity ecosystem and what level of commitment do the experts predict?
  • Is a lack of operational expertise in portfolio companies hindering private equity in China, and, if so, what steps can GPs take to address these concerns?
  • The debate on RMB vs USD dollar funds
  • How do you perform robust due diligence on a portfolio company in a secondary deal to ensure you are getting an accurate view?
  • Are secondaries seen as a viable exit strategy for late-stage funds?
  • Do LPs understand and accept the justification and value of an active secondaries market?
  • Given the relative immaturity of the secondaries market in Asia, will it continue to grow over the next five years or is it just a feature of the current stalled exit environment?
  • Does a general lack of flexibility on behalf of sellers and buyers mean that transaction numbers are less significant than industry talk suggests?
15:00 Keynote address
15:30 Networking coffee break
15:50
South-east Asia: Examing hotspots in the region and the uncovering future investment destinations How to sucessfully source and execute an exit in chanllenging times....from the GPs who have done just that
  • Where is the next sweet spot in South-east Asia?
  • Is Indonesia really a great domain for private equity?
  • Would you bet on Cambodia, Laos, Malaysia, the Philippines or Thailand to be the next country to attract meaningful interest from the global private equity community?
  • Will Myanmar’s geographical position as a link between South-east Asia and China drive investment there, or are the risks associated with foreign investment still too great?
  • How can Singapore enhance its position as a hub for Asian private equity?
  • How is the rise of the middle class consumer driving investment trends in South-east Asia, and which sectors are likely to benefit and be imperiled by these increasing consumption habits?
GPs across Asia are struggling to find viable exit options now that their funds have reached the end of their life as the region struggles with numerous exit-related challenges.

In this session, four GPs will share success stories on how they have exited a company in the last twelve months and provided their investors with a sizeable return. Hear how an IPO, trade sale, secondaries deal and buyout exit helped these experienced GPs buck the trends.

16:35 Corporate leaders’ panel: The future of the Asian growth story
  • How can the corporate sector drive growth in Asia’s diverse economies, and what role can private equity play?
  • What sectors and likely to take main stage in the coming years?
  • To what extent do economic conditions in the West influence the decisions of corporates leaders in the Far East?
  • Is the slowdown or stabilisation of growth in China a concern for corporates and are they turning their attention to other regions?
17:20 LP Panel: The evolution of the LP-GP relationship
  • When it comes to fees and terms, are GPs responsive to negotiating and how have the figures and attitudes changed over the years?
  • How does private equity compare to other asset classes, and are commitments likely to increase or decrease?
  • Are we likely to witness an increase in LP co-investment teams
  • How can LPs gain support from their investment committees to allocate to private equity in the face of sometimes negative news media portrayals?
  • How important are improved operational value and superior returns when LPs are considering committing to private equity and does this translate to the investment committee as a unique and credible characteristic?
18:15 Closing remarks
18:30 Gala Cocktail reception
19:00 Gala dinner 
Dinner Speakers
Thursday, 14 November 2013
09:00 Opening keynote address
09.30 Keynote panel: How has Asian PE evolved into its own ecosystem within the private equity world?
  • Do made in Asia funds have advantage over other funds?
  • For operational value add what skills are needed in your team arsenal to evaluate performance and develop an improvement plan upon acquisition? 
  • Does sector specialisation help integrate your team into the existing workforce and gain buy-in to your plan from senior management and other stakeholders?
  • How do you measure performance post-acquisition?
  • How to achieve successful exit strategies
10:15

Debate: Has recent activity in Japan and Korea reignited PE interest in North Asia?

Although Japan and Korea are Asia’s most mature markets, private equity has struggled to penetrate either country in a meaningful way.  However, recent activity in Japan and Korea, such as high profile deals and strong exits draw, has attracted GP’s and LP’s to the region anew. Domestic corporations are also slowly opening up to foreign investment, further widening the scope for private equity activity.  In spite of these positive developments, many still approach this region with caution after previously getting burned. In this debate, leading investors will discuss if North Asia is really ready to grow, or if this just another false start.
For: 
A new era of growth has dawned in North Asia with attractive valuations and the return of the mega buyout
Against:
North Asia has a spotty track record and remains a risky investment destination.

11:00 Networking coffee break
11:20 Data download: Benchmarking the best and worst performing markets in Asia
11:45 Keynote interview
12.15
Grand Ballroom Victoria I
India debate: Indian private equity needs to evolve to succeed Hard Assets Investing
As Asia’s second-largest emerging economy, India seems like a ripe hunting ground for investors thanks to its growing middle class and massive development needs. However, the country’s private equity market is awash with GPs and the reality is that valuations are too high and returns have been difficult to achieve.  However Indian GP’s have realised that to succeed an evolution in the market place is needed.  
For: If Indian GP’s change to become operational partners they will flourish
Against: Even with a new model the risks are too great and the returns are too low.
  • How can you access the real estate market?
  • Do developed or emerging countries currently provide the best opportunities?
  • What opportunities exist for PE in the infrastructure sector?
  • What are the most effective ways of finding and evaluating infrastructure projects?
  • Are the lengthy project time tables associated with infrastructure development compatible with the PE investment model?
  • What shift has there been in energy investments over the past 5 years?
  • Does Asia with its developing infrastructure and increased power demands make it the perfect PE investment destination?
  • How has the deal mix shifted?
13:00 Networking lunch
14:00
The realities of co-investment for LP’s and GP’s Due diligence clinic for LPs
  • How are co-investments changing the relationship between GPs and LPs?
  • How has co-investment changed LP’s staffing?
  • Is the offer of co-investment divisive on the part of the GP?
  • What effect will co-investment have on returns for GP’s.
  • How many deals are genuine co-investment plays? Is this a term that is often mentioned, but in reality, rarely exercised?
     
  • How do you effectively develop and manage an operational due diligence program for private equity investment?
  • What skills are required to evaluate private equity documentation such as financial statements and legal documents?
  • In an increasingly competitive landscape, how can LPs avoid GP fraud and what safeguards should be implemented?
  • How do you approach and engage GPs to maximise efficient reviews and gain transparency?
14:45 Crossing the shores: Helping domestic companies expand across Asia and beyond 
Our Panel of experts will use case studies to illustrate how they successfully launch a portfolio company into new markets.
  • What unique skills does PE possess to help companies expand overseas?
  • How do you align objective and manage bigger partners when you are involved in a cross border deal?
  • What risks are involved when a firm from an emerging economy invests in a more developed country? What role can the LP play
  • What are the most attractive sectors and regions for outward growth?
  • How to exit foreign companies
15:30 Close of conference

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