Programme
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08:15
Registration and refreshments
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08:50
Welcome address
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09:00
Seeking Alpha in private markets in 2019 and beyond
Geopolitical tensions and a potential recession sometimes cloud the macro picture. In private markets, massive inflows of capital and large amounts of unused dry powder have helped fuel record valuations. Against this background, GPs need to move carefully, strike opportunistically, and create strong value to continue to generate superior returns. Senior private equity leaders discuss the current state of the market and which strategies will win.
- What are the key macroeconomic and geopolitical risks impacting investor sentiment?
- What are the leading investment themes over the next 12 months?
- Where does South Korea fit into an Asia strategy?
- How can private equity take advantage of current market turbulence?
Moderated by: Kirk M. Beaton, Partner, LEXINGTON PARTNERS
Panelists:
Cliff Chau, Partner, Chief Financial Officer, Co-Chief Operating Officer, Head of Healthcare Investments, HOPU INVESTMENTS
Myunghoon Chung, Managing Director, CVC CAPITAL PARTNERS
David Kim, Partner and Chief Operating Officer, PAG PRIVATE EQUITY HONG KONG
Rodney Muse, Managing Partner, NAVIS CAPITAL PARTNERS -
10:00
Plenary address
Bing Xu, Co-founder, SENSETIME
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10:25
Networking coffee break
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10:55
Korea’s investment environment and PE-VC market
Shawn Chang, Head, INVEST KOREA
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11:05
South Korea: A flourishing deal market
South Korea today is a productive deal market for the right kind of private equity investors. Chaebol divestments driven by restructuring, family succession, and business transformation, have all delivered deal opportunities. Nevertheless, as domestic growth plateaus and interest in IPOs slows down, fund managers are facing challenges at exit. Our panellists share their views on the best way to navigate towards solid returns.
- How have South Korean companies been affected by the China’s economic slowdown and how can private equity help
- How have private equity funds supported chaebol restructuring? Are activist investors creating new investment opportunities?
- Where and how best to access deals against stronger corporate competition?
- How are successful GPs exiting their investments?
Moderated by: Yi-Dong Kim, Partner, KPMG KOREA
Panelists:
Jin Ho Chai, Partner / Head of Investment Division II, STIC INVESTMENTS, INC.
Chulmin Lee, Managing Partner, VIG PARTNERS
Hae-Joon Joseph Lee, Partner & CIO, IMM PRIVATE EQUITY
Soomin Kim, Partner, UNISON CAPITAL -
11:50
Private credit and debt: Is now a good time to invest?
The global private credit and debt market has grown tremendously, with AUM nearly tripling in the past decade. Since fundraising peaked last year, appetite has cooled amid concerns over market saturation. However, the asset class remains attractive for LPs because of predictable returns, steady cashflow, and lower risk. Experienced investors offer views on the state of the credit market.
- How are macroeconomic issues, such as the global economic slowdown, rising interest rates, and geopolitics, impacting investments?
- What strategies and regions will outperform?
- Is the global private credit market ready for consolidation? How can GPs weather the storm?
- How do Asian credit strategies compare to those in the US and Europe?
Moderated by: Dennis Kwan, Managing Director, MVISION PRIVATE EQUITY ADVISERS
Panelists:
Fred Chung, Partner, ADAMS STREET PARTNERS
Jim Hildebrandt, Managing Director, BAIN CAPITAL
Raj Makam, Managing Director and Co-Portfolio Manager, OAKTREE CAPITAL MANAGEMENT -
12:35
Networking lunch
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13:35
Fireside chat:
Interviewer: Heeeun Park, Partner, ALTOS VENTURES
Interviewee: Jaeuk Park, Chief Operating Officer, SOCAR; Founder and CEO, VCNC -
14:05
Investing in global venture capital
Investor appetite for venture capital opportunities remains strong globally. More private investors, strategic buyers, and even LPs have been crowding into the space looking for the next billion-dollar idea. South Korea, with its engineering prowess and solid R&D, has attracted venture capital investment to create a number of unicorns. Our panel of international venture capitalists highlight the most promising opportunities in their home markets and predict the future of global innovation.
- What will be the next ground-breaking innovation? Where can entrepreneurs be found?
- How will the evolution of new technologies such as 5G, AI, and blockchain affect businesses?
- How is the rise of corporate venture/strategic investors impacting the market?
- Where do South Korean companies fit into the global picture? What can they learn from its peers to ramp-up its venture capital ecosystem?
Moderated by: David York, Managing Director, TOP TIER CAPITAL PARTNERS
Panelists:
Vadim Shpak, Managing Director, VICKERS VENTURE PARTNERS
Eric Kim, Co-Founder and Managing Partner, GOODWATER CAPITAL
Aaron Shin, Managing Director and Co-founder, ASCENDO VENTURES
Wei Zhou, Founding Managing Partner, CCV -
14:50
Networking coffee break
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15:20
Riding the wave of cross-border investments
South Korean corporates are actively acquiring offshore to strengthen core businesses and seek market expansion beyond a stagnant local economy. Aside from the developed markets, they are also targeting Southeast Asian countries, especially Vietnam, with its growing base of young middle-class consumers. Despite the promise, smart strategies are the key to maximising this opportunity. Our panel of professionals discuss:
- Which countries and sectors offer the best opportunities?
- How can private equity firms support corporate buyers?
- What are the common pitfalls, from deal negotiation to post-merger integration?
- Case study: Key lessons learned and tips for success
Moderated by: Wonpyo Choi, Partner, BAIN & COMPANY
Panelists:
Andy Ho, Managing Director and Chief Investment Executive, VINACAPITAL
Conrad Tsang, Founder and Chairman, STRATEGIC YEAR HOLDINGS LIMITED
Jay Hyun Lee, Managing Director, Principal Investment Area, GOLDMAN SACHS
Taeyub Kim, Partner and Head of Korea, AFFIRMA CAPITAL -
16:05
LP spotlight: Embracing alternatives
Savvy LPs are assessing new private markets strategies, such as niche funds, more Asian exposure, secondaries, and co-investments. Meanwhile, a new wave of institutional investors are venturing into alternatives in search of better returns. In this session, our panel of LPs share their objectives and expectations for fund managers.
- Which asset classes, geographies, and strategies interest LPs most?
- What do LPs consider when making allocations to different strategies?
- What is the best approach to begin investing in Asian private equity: regional funds, country-specific funds, or funds-of-funds?
- How can LPs successfully participate in co-investments in today’s market?
Moderated by: Jinman Kim, Managing Director, PANTHEON
Panelists:
Dong Hun Jang, Chief Investment Officer, PUBLIC OFFICIALS BENEFIT ASSOCIATION (POBA)
Jong-Ho (James) Kim, Managing Director and Head of Private Equity, KIC
Jung Yup Lee, Senior Principal, Private Equity Asia, CPPIB -
16:50
Closing remarks and networking cocktails
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