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avcj-hk-banner-sign-investment-summit

avcj-hk-banner-sign-pe

avcj-hk-banner-sign-vc

avcj-hk-banner-sign-lp-summit

 

Tuesday, 14 November 2017

08:00

Registration

08:50

Opening remarks

09:00

Macroeconomic overview  (Joint session with the PE Leaders' and Limited Partners' Summits)

09:30

Global turbulence, regional solutions: Asia PE update (Joint session with the PE Leaders' and Limited Partners' Summits)
Fund managers face myriad challenges, from geopolitical uncertainty to a low-growth economic environment to volatile equity markets. Success hinges on the ability to react quickly to changing conditions, whether that means tweaking existing strategies or rolling out new ones. GPs must also work harder to identify target investments, create real value, and secure well-timed and well-devised exits. Our leading Asian fund managers share insights into the current state of the region.

  • Which sectors, themes and markets have delivered in 2017?
  • What is the outlook for 2018?
  • What constitutes a differentiated strategy in Asia?
  • What are the key ingredients to real value creation?

10:30

Networking coffee break

11:00

China venture capital: The dragon still breathes fire
Based on the headline investment numbers, VC in China continues to confound expectations of a downturn. There has been a rejuvenation in renminbi fundraising, investors are targeting a swathe of emerging opportunities in areas such as artificial intelligence, robotics and big data, M&A and domestic IPO exit routes are still open, and there have been spin-outs a plenty from brand name domestic and global firms. Our panelists unpick the venture capital story.

  • Where are the most exciting innovations and entrepreneurs?
  • Will new fund managers continue to get traction?
  • How is the exit environment developing?
  • Is China taking the lead in global technology innovation?

11:45

The crystal ball: Harnessing industry transformation
Drones, artificial intelligence, autonomous driving, artificial reality and virtual reality - each one has the potential to revolutionise traditional industries. The question for investors is how they identify the next wave of technologies and harness the disruptive power, whether it means enhancing existing portfolio companies or working with entrepreneurs to create new ones. Our panel of experts share their views on how and where innovation is changing how people live their lives.

  • What technology shifts will make the most impact over the next 5-10 years?
  • How early must investors go to access the best opportunities?
  • Which sectors present the greatest risks and rewards?
  • What will come first - hover boards, flying cars or automated postmen?

12:30

Executive address (Joint session with the PE Leaders' and Limited Partners' Summits)

13:00

Networking Lunch

14:00

VC spinouts: The next generation of managers
Asia's technology boom has given birth to a new generation of venture capital GPs, many of them teams that have spun out from global firms or successful domestic internet companies. But building a business from the ground is not easy: managers must find ways to attract talent, cultivate a sustainable corporate culture, and develop a differentiated investment strategy. It remains to be seen whether the trend can continue. Our panellists offer their thoughts.

  • Are spin-out funds a by-product of a maturing market or succession issues?
  • Is it easier for China VCs to raise US dollars or renminbi?
  • What must new managers offer on terms and fees?
  • Is venture capital becoming dangerously overcrowded?

15:00

Exit spotlight: The road to realisations
Across Asia, exits for VC-backed companies have been challenging due to public markets that lack depth and the absence of strategic players looking to engage in M&A. Even in China, where the ecosystem is relatively developed, the bar is set relatively high for IPOs and trade sales, and far more companies have received VC funding than currently qualify for these exit routes. Our panel of VC investors share real-life stories on finding liquidity in the region.

  • How comfortable are offshore investors with onshore China IPOs?
  • Can India follow China's lead in terms of IPOs and trade sales?
  • How is the exit environment developing for Southeast Asian start-ups?
  • What are the trade sale options beyond Baidu, Alibaba and Tencent?

16:00

Networking coffee break

16:30

Venture update: Mixed fortunes (Joint session with the PE Leaders' and Limited Partners' Summits)
The fortunes of Asia's technology unicorns have diverged as the market has cooled - some continue to raise money at higher valuations while others have been forced into down rounds. Beneath these high-profile cases, VC is relatively robust across the region, with GPs building teams intended to provide deeper operational support to start-ups and a host of new LPs seeking exposure to the asset class. Our panellists discuss the relevant challenges and opportunities.

  • What does value creation mean in a VC context?
  • What types of LPs are investing in venture capital?
  • Will there be more down rounds in Asia?
  • What will the market look like in 12 months' time?

17:15

Asia's evolving PE industry: An LP perspective (Joint session with the PE Leaders' and Limited Partners' Summits)
Long-standing investors in Asia have seen it all over the years: from double-digit growth to slowing growth, from superior returns to liquidity crunches, from doubling of fund sizes to fund collapses, and from fundraising free-for-alls to a flight to quality. Nevertheless, as the industry continues to mature it is playing a more important role in LPs' portfolios. AVCJ's panel of industry veterans discusses the evolution of Asian private equity.

  • Big buyout or modest mid-cap? Regional or country specific? Niche or generalist?
  • What questions do LPs ask now that they didn't ask before?
  • Is the trend of consolidating GP relationships irreversible?
  • How are co-investment strategies developing in Asia?

18:00

Close of summit

18:15

Cocktail reception

 

Specialist session

 17:00

Women in Private Equity

Lead Sponsors
Asia Series Sponsor
Co-Sponsors
Legal Sponsors
PE Leaders' Summit Sponsors
VC Summit Sponsors
VC Summit Legal Sponsor
LP Summit Sponsors
Awards Sponsors
Exhibitors
Supporting Organisations
Media Partners