Tuesday, 8 November 2011
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08:30
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Registration
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09:00
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Welcome remarks
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09:05
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Economic briefing (Joint session with the PE Leaders' Summit)
Johanna Chua, Managing Director & Chief Asia Pacific Economist and Head of Asia Pacific Economic and Market Analysis, CITI
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09:30
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2011 Asian Private Equity Roundup (Joint session the PE Leaders' Summit)
An update of what's relevant to limited partners and general partners in terms of investment trends around the region.
- Which sectors and markets in Asia present strong value propositions for PE investments?
- What impact are political, legal, currency and event risks having on the PE market?
- Have China and India lived up to their expectations and where is the next growth market?
- What opportunities does the secondary market present?
Moderated by: Thomas Kubr, Managing Director & Chief Executive, CAPITAL DYNAMICS
Steve Martinez, Head of Asia Pacific, Senior Partner, Private Equity, APOLLO MANAGEMENT ASIA PACIFIC LIMITED
Jim Hildebrandt, Managing Director, BAIN CAPITAL ASIA
Robert Petty, Managing Partner & Co-Founder, CLEARWATER CAPITAL PARTNERS
H Chin Chou, Chief Executive Officer, MORGAN STANLEY PRIVATE EQUITY ASIA
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10:15
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Networking coffee break
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10:45
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The evolving relationship between general partners and limited partners
Limited partners discuss the latest issues in the ever changing relationship between them and general partners.
- What are the latest concerns of limited partners for funds in Asia?
- What is the ideal fund size for each fund type in 2011/12?
- What criteria are limited partners using to select their new managers? Are new funds in with a chance at getting commitments? And on what basis?
- How are limited partners meeting new general partners? What would be the ideal mechanism?
Moderated by: Mounir Guen, CEO, MVISION
Susan J Carter, President & Chief Executive Officer, COMMONFUND CAPITAL
Fritz Becker, CEO & Managing Director, HARALD QUANDT HOLDING
Kaoru Onishi, Chief Portfolio Manager, Alternative & Fund Investment Office, NISSAY ASSET MANAGEMENT CORPORATION
Douglas W Phillips, Senior Vice President, Institutional Resources, UNIVERSITY OF ROCHESTER
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11:30
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Secondaries on the rise
Secondaries-focused investors discuss the state of the market with particular focus on Asia.
- What are the latest trends in the secondaries market across the globe?
- Why is the secondary market so interesting from a limited partner perspective? Is it a good way to actively manage your portfolio?
- How big is the secondary market in Asia- is there a growing trend in this area?
- Secondary buyouts in Asia: profits and conflicts
Presentation by: Marleen Groen, CEO, GREENPARK CAPITAL
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12:15
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Networking lunch
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13:15
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A fireside chat around the development and implementation of ILPA's Best Practice Industry tools ( Principles V 2.0 and Standardised Reporting Templates)
• Impact of the ILPA's principles and benefits of standardising reporting processes globally. Is there really a need for more consistent, standardised reporting?
• Has ILPA had an impact on the way LPA's are structured?
• Is adoption still dependent on investor/general partner relations - will general partner's do whatever they have to?
• What are the changes that are anticipated for ILPA 3.0?
• How can the private equity industry benefit as a whole with greater reporting consistency?
Kathy Jeramaz-Larson, Executive Director, INSTITUTIONAL LIMITED PARTNERS ASSOCIATION
Lindel Eakman, Chair, ILPA's Best Practices Committee and Managing Director - Private Markets, UNIVERSITY OF TEXAS INVESTMENT MANAGEMENT COMPANY
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14:00
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Focus on China
An overview of the private landscape in the middle kingdom from the limited partner perspective.
- How can new limited partners participate in Chinese private equity?
- Can USD limited partners participate in the RMB space? What are the real avenues to access?
- Managing RMB/dollar conflicts
- With more FOREX controls on the way, is the QFLP scheme moving forward?
Moderated by: J Peter Chen, Senior Principal, CANADA PENSION PLAN INVESTMENT BOARD
David Lin, Head of Fund Investing, GOLDSTONE INVESTMENT CO.
Mei Hu, Head of Asian PE Fund Investment, SWISS RE PRIVATE EQUITY PARTNERS
Michael Liu, Vice President, Alternative Investments, UNITED OVERSEAS BANK LIMITED
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14:45
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Special plenary address
INSEAD-LGT Capital Partners Study: Private Equity Exits in China and India?
Claudia Zeisberger, Affiliate Professor of Decision Sciences and Entrepreneurship & Family Enterprise Academic Co-Director Global Private Equity Initiative (GPEI), INSEAD
Doug Coulter, Head of Private Equity, Asia Pacific, LGT CAPITAL PARTNERS
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15:30
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Networking coffee break
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16:00
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Returns in Asian private equity
A panel of experts will share statistical evidence, as well as, discuss the findings on how Asian general partners stack up against their counterparts from other regions.
- What have been the distributions like for Asian private equity and where will it be headed in the future?
- Which type of funds have provided the best returns and where have limited partners fared poorly?
- Is the pan-Asian buyout model still viable or are country specific funds a better option?
- Is there a market for venture capital beyond China?
Moderated by: Christopher R Hunter, Managing Director, CAMBRIDGE ASSOCIATES INVESTMENT CONSULTANCY (BEIJING) LTD.
Katherine Woodthorpe, Chief Executive, THE AUSTRALIAN PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION
Mu-Shin Kim, Head oF Private Equity, ASIAN DEVELOPMENT BANK
Markus Ableitinger, Director & Head Asian Investment Management, CAPITAL DYNAMICS
Katja Salovaara, Senior Portfolio Manager, Private Equity, ILMARINEN MUTUAL PENSION INSURANCE COMPANY
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16:45
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Domestic and overseas LPs view of the Asian PE industry (Joint session with PE Leaders' Summit)
- Where do LPs place Asia on the roadmap for investment compared with the rest of the world?
- What are the expected returns for 2010-12 Asian PE investments compared to those for the US and European market?
- How does the perspective on the Asian PE market differ between Asian based LPs and European and North American LPs?
- How can institutional investors successfully execute more direct and co-investments, without building GP-sized teams? And does this create conflict with their GPs?
- Do LPs prefer global, regional, or country-fund-managers for accessing Asian markets?
Moderated by: Monte Brem, Chief Executive Officer, STEPSTONE GROUP
Steve Byrom, Head of Private Equity, FUTURE FUND
Charles R Carpenter, Managing Director, STATE OF WISCONSIN INVESTMENT BOARD
Richard Hall, Senior Director, Investment, TEACHERS RETIREMENT SYSTEM OF TEXAS
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17:30
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Summit concludes
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18:00
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 Cocktail reception
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