Programme Day 2

Day 1 | Day 2

  • 08:30

    Registration and refreshments

  • 09:00

    Delivering liquidity solutions

    Chinese private equity hit its first fundraising peak 10 years ago. Plenty of funds are coming to the end of their lives but have yet to make substantial realisations – thanks to bumpy IPO markets and the recent underperforming trade sale market. As GPs struggle to form exit plans for this substantial capital overhang, there are ample opportunities for restructuring. Our panel analyses the state of the market and creatively identifies possible options for liquidity.

    • Where are the most interesting opportunities for direct secondary investors in China, and how do you identify quality deals?
    • How do you compare the deal prospects for USD and RMB funds?
    • What are the biggest challenges for secondary investors when executing deals in China?
    • How do you ensure the alignment of interests with the various stakeholders involved in the deal?

    Moderated by: Lucian Wu, Managing Director, HQ CAPITAL
    Panelists:
    Robin Song, Partner, LUNAR
    Daizong Wang, Partner, NEWQUEST CAPITAL PARTNERS
    Jeffrey Wang, Partner & Managing Director, BDA PARTNERS

  • 09:45

    Plenary address

    Sonny Wu, Founding Partner and Chairman, GSR CAPITAL

  • 10:15

    Networking break

  • 10:45

    China outbound M&A: A better direction

    The China outbound M&A market is set for its next growth surge. The Government’s strong pledge on the One Belt, One Road initiative, support for investments promoting local economic growth, and the streamlined approval process, have prepared the ground for investors. But smart strategies, covering everything from sourcing and attracting the right targets, to successfully harvesting mutual synergies while navigating cultural differences, are key to ride this growth. Our panel of professionals discuss:

    • How have Government policies and regulations affected the outbound M&A landscape?
    • What are the key challenges when entering new and emerging markets?
    • How can private equity play a role?
    • What are the key lessons learnt and tips for success?

    Moderated by: Jireh Li, Chief Representative, COMMONFUND CAPITAL
    Panelists:
    Ashley He, Senior Investment Director, CTRIP.COM INTERNATIONAL LTD
    Jay Weng, Director, Strategic M&A and Direct Investments, CHINA VANKE
    Michael Wang, Managing Director, PRIMAVERA CAPITAL GROUP
    Gian-Marc Widmer, Director and Head of International M&A, CITIC SECURITIES CO., LTD.

  • 11:30

    Limited partners’ views on China and beyond

    Alternative assets offer myriad strategies, fund types, specialties, and terms. Do you commit big to a handful of mega funds, or seek out niche countries with only managers that have deep-rooted connections and expertise? Or do you try a combination of both, and if so, which geographies do you choose, what role can China play, and how can you get the balance right? A panel of leading LPs discuss.

    • Which are the most interesting sectors, regions, and strategies?
    • Have LPs adjusted their expectations for returns from China?
    • How do you execute co-investments while managing fund relationships?
    • How do you evaluate new fund managers?

    Moderated by: Wei Chou Su, Partner & Head of Asia, STEPSTONE GROUP
    Panelists:
    Dave Brochet, Managing Director, CDPQ ASIA PACIFIC PTE LTD
    Huai Fong Chew, Investment Officer, INTERNATIONAL FINANCE CORPORATION
    Xiaochen Li, Executive Director, BEIJING TAIKANG INVESTMENT CO., LTD.
    Sally Shan, Managing Director, HARBOURVEST PARTNERS

  • 12:30

    Networking lunch and end of conference