Programme - Limited Partners' Summit
Tuesday, 17th November 2020
Setting the scene (Joint session with the PE Leaders’ and Venture Capital Summits)
Hong Kong Monetary Authority (HKMA) Senior Executive Director Edmond Lau will open this year’s AVCJ Forum with an overview of Hong Kong’s private equity platform and the latest developments that will benefit the industry, including the new limited partnership law and the proposed tax concession for carried interest. In addition to promoting market development, the HKMA is also one of the region’s major investors in private markets. Mr. Lau will share the HKMA’s insights on investment outlook.
Asian private equity: Looking ahead (Joint session with the PE Leaders’ and Venture Capital Summits)
- How were you able to get comfortable acting on investment opportunities
- Will the new normal will continue going forward
- How has Asia fared compared to the rest of the world
- How did Covid change investment thesis and value creation
- What is the outlook for 2021 and beyond
In-depth view: The Asian perspective
- How have portfolios held up in 2020? Are distributions tailing off?
- Are co-investment opportunities being offered and acted on?
- Has COVID-19 changed which geographies and strategies are most attractive?
- How is ESG playing a more important role in terms of Asia allocations?
Remote management: Global portfolios, virtual connections
- What are the information priorities when you can’t visit a GP in person?
- Can you make new commitments without doing on-site due diligence?
- Have travel restrictions led to an unconscious bias to home regions?
- How difficult is it to build a truly diversified portfolio in the current environment?
Senior Managing Director, Head of Private Equity , GUARDIAN LIFE INSURANCE OF AMERICA
Top tips sessions
1. Ensuring alignment of interest in Secondaries – Lead by: Tim Huang, Partner, LEXINGTON PARTNERS
2. Tell-tale signs of instability within a GP - Lead by: Wen Tan, Founder & CEO, AZIMUTH ASSET CONSULTING
3. Getting clarity on subscription lines of credit – Lead by: Suzanne Tavill, Global Head of Responsible Investing and Partner, STEPSTONE
(Max 15 participants for each topic)
Asia venture capital: Navigating market instability (Joint session with the PE Leaders’ and Venture Capital Summits)
- How have investment priorities changed since the start of the year?
- What issues are at stake when companies contemplate down rounds?
- How are GPs rethinking their exit options?
- Is the shift in focus from B2C to B2B a cyclical or structural phenomenon?
Institutional perspective: How European and Asian LPs view Asia (Joint session with the PE Leaders’ and Venture Capital Summits)
- Have COVID-19 and the macro climate altered approaches to Asia?
- What has and hasn’t worked well this year in LP-GP communications?
- Where does specialization rank among the qualities LPs want to see in GPs?
- Is the return profile in Asia skewed toward a couple of sectors?
Chief Investment Officer of ACP Private Equity & Head of Private Equity, Asia Pacific, ALLIANZ CAPITAL PARTNERS
Close of summit
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Tim Burroughs is managing editor of Asian Venture Capital Journal, having joined the publication in May 2011. He is responsible for all editorial content put out under the AVCJ brand, including Asian Venture Capital Journal, AVCJtv, AVCJ Awards and AVCJ.com. Tim previously spent five years at China Economic Review, serving as editor-in-chief and then editorial director. Located in Greater China since 2003, during which time he has lived in Beijing, Qingdao and Hong Kong, Tim has been a China-based contributor for publications including The Sunday Times, Sunday Telegraph, BBC and China Daily. Prior to moving to China, he trained and worked as a journalist in the UK. He was honored at the Society of Publishers in Asia awards in 2007, 2008 and 2010, and at the State Street Institutional Press Awards - Asia in 2012.
Mr Edmond Lau is responsible for external affairs, financial infrastructure and research. He holds a Bachelor of Social Sciences degree in Economics and a Master of Social Work degree from the University of Hong Kong. Mr Lau joined the Hong Kong Government as an Administrative Officer in 1986. He joined the HKMA in 1997 as Division Head (Banking Development) and had been involved in banking reform and the establishment of the Deposit Protection Scheme. He also served as the Administrative Assistant to the Chief Executive of the HKMA in 2004 after a one-year secondment to the Financial Services and the Treasury Bureau. Mr Lau was promoted as Executive Director (Strategy and Risk) in 2005. He assumed the post of Executive Director (Monetary Management) from 2007 to 2013 when he resigned from the HKMA to pursue further study and, thereafter, take up a leadership role in an NGO. Mr Lau joined HKMC Annuity Limited as Chief Executive Officer in 2017.
Mr. Beaton is a Partner of Lexington Partners where he leads the firm’s Asian activities and manages Lexington’s Hong Kong office. Mr. Beaton is engaged in the origination and evaluation of secondary purchases of non-U.S. private equity and alternative investments as well as raising capital for Lexington funds from investors in the region. Prior to moving to Hong Kong in 2011 to open the Lexington office, he spent eight years as an investment professional in London with Lexington. Mr. Beaton was previously an analyst in investment banking at Morgan Stanley. Mr. Beaton graduated from the University of Strathclyde in Glasgow with an LLB (Honors) and Universität Hamburg and Universidad Complutense de Madrid with a European masters in economics and law.
Mark Chiba is Group Chairman and Partner of The Longreach Group. The Longreach Group is an established independent private equity firm with offices in Hong Kong and Tokyo. The firm focuses on Japan and related Greater China control buyouts in the mature industrial and technology, consumer, business services and financial services sectors. The firm manages three Funds which have accumulated approximately US$2.1 billion of committed limited partner and co-investment capital.
Mark co-founded The Longreach Group in late 2003. Mark's lead responsibilities at Longreach include firm management, senior relationship driven deal sourcing and execution, investments in the financial services sector, and building the firm's capital base and global networks.
Before co-founding Longreach, Mark served as Chief Executive Officer and President of UBS Securities Japan, Chairman of the Asia-Pacific Investment Banking Management Committee, Head of Japan Investment Banking and as a member of the UBS Global Investment Bank Board. Previous to this role in Japan, Mark headed the UBS Asia-Pacific Financial Institutions Group.
Mark is an Australian citizen, resident in Hong Kong. He holds First Class Honours degrees in Economics (University of Melbourne) and Law (University of Sydney). Mark is a Rhodes Scholar with a Master of Philosophy degree in International Relations (with Distinction) from Oxford University.
Amit Dixit is a Senior Managing Director, Co-Head of Asia Acquisitions, and Head of India for Blackstone Private Equity. Since joining Blackstone in 2007, Mr. Dixit has been involved with various investments and investment opportunities in India and South Asia. Previously, Mr. Dixit was a Principal at Warburg Pincus. Mr. Dixit received an MBA from Harvard Business School, an MS in Engineering from Stanford University, and a B.Tech. from Indian Institute of Technology Mumbai where he was awarded the Director’s Silver Medal for graduating at the top of his program. He currently serves as a Director of several companies including Mphasis, TaskUs, Aadhar, Essel Propack, Aakash Education, Sona Comstar, IBS Software, Jagran Prakashan and Mid-Day Infomedia. Mr. Dixit was previously a Director of Intelenet Global Services, Trans Maldivian Airways, Igarashi Motors India, S.H. Kelkar and Emcure Pharmaceuticals.
Ben Gray is a Founding Partner of BGH Capital, Australia’s largest domestically focused private equity fund. BGH owns Navitas, a leading global Education Company and CyberCX, Australia’s largest Cyber Security Services firm. BGH Post COVID-19 has agreed to acquire four companies including Village Roadshow, Abano Healthcare, Healius Medical Centres and TripADeal. Previously, Ben was a Managing Partner at TPG Capital, where he served as the Joint Head of Asia, as the Head of Australia and New Zealand and as a member of the Global Management Committee. Ben spent almost thirteen years at TPG and led A$2.7 billion of equity investments by TPG including Petbarn, Healthscope, Inghams and Cushman & Wakefield.
Prior to joining TPG in 2004, Ben was a Director at Credit Suisse, where he worked in the investment banking division in New York and Australia from 1994. Ben received a Bachelor of Commerce with First Class Honours from the University of Melbourne and a Master of Business Administration with High Distinction (Baker Scholar) from Harvard Business School.
Ben is a Director of the Australian American Leadership Dialogue.
Xiang-Dong (X.D.) Yang is a Managing Director and Chairman of Carlyle Asia, leading all Corporate Private Equity investments in Asia (ex-Japan). He joined Carlyle in 2001 as a Co-Head of the Asia Buyout advisory team. Carlyle has been investing in Asia for over two decades and is one of the largest private equity investors in Asia. Carlyle Asia has invested over US$15.5 billion in more than 150 companies in corporate private equity, and has current assets under management of more than US$11.8 billion, as of June 30, 2020. Mr. Yang is based in Hong Kong.
Prior to joining Carlyle, Mr. Yang spent nine years at Goldman Sachs, where he was a Managing Director and Co-Head of Private Equity Investment Asia ex-Japan.
Mr. Yang serves on the boards of Grand Foods Holdings Limited (McDonald’s China) and Du Xiaoman Financial. Mr. Yang is also a member of the Global Advisory Council of Harvard University and a trustee of the Hirshhorn Museum in Washington D.C.
Mr. Yang received his BA in economics from Harvard University and MBA from Harvard Business School. He is a native of China.
Kelvin Yap joined HarbourVest’s London office in 2006 to focus on growth equity and buyout co-investments in Europe and Asia Pacific. In 2009, Kelvin transferred to HarbourVest’s Hong Kong team to focus on primary partnership fund investments and direct co-investments in Asia Pacific. Kelvin currently serves as a board observer at APIIT Education Group, and Ascender.
Kelvin joined HarbourVest from Deloitte in London, where he managed merger and acquisition (including demergers and IPOs) due diligence for both private and public transactions. Prior to that, Kelvin was a senior associate at PwC in Kuala Lumpur, Malaysia.
He received a BC with a double major in Accounting and Finance from Monash University in Australia in 2001. Kelvin is a Chartered Accountant with The Institute of Chartered Accountants in Australia. In addition, he received the Chartered Financial Analyst designation in 2007 from the CFA Institute. He speaks fluent Cantonese, Indonesian, and Malay.
Maria is an Investment Manager in Private Markets at Sunsuper, a A$70 billion profit-for-members superannuation fund in Australia. Private Markets include investments in Private Capital, Infrastructure and Property asset classes. The Private Capital portfolio is a total programme of over A$5 billion, which consists of primary and secondary fund investments, co-investments and direct investments across buyout, venture/growth, and distressed opportunities.
Maria has over 15 years of experience in public and private markets. Prior to Sunsuper, Maria was an Investment Director at AP Capital, Equity Capital Markets at Commonwealth Bank of Australia, a Senior Research Analyst at Asia Pacific Arbitrage Partnership, and an Investment Strategist at AMP Capital. Maria has a Bachelor of Commerce (Honours in Finance) from the University of New South Wales, and a Masters of Applied Finance & Investment from FINSIA. Maria is also a CFA Charterholder.
Tom Lenehan has served as the Deputy Chief Investment Officer of The Rockefeller University since 2011, helping to manage all aspects of the $2.2 billion endowment. Prior to Rockefeller, Mr. Lenehan was a Director at Commonfund Capital starting in 2005, where he primarily focused on manager commitments on behalf of endowment and foundation clients in the private equity, venture capital and natural resources sectors globally. He also led that firm’s secondary investment effort. Prior to Commonfund Capital, Mr. Lenehan worked as a private equity investment professional for Vista Equity Partners in San Francisco, CA and Marsh & McLennan Capital, Inc. (aka, Stone Point Capital) in Greenwich, CT. Mr. Lenehan began his career as a financial analyst at Goldman, Sachs & Co. in the Investment Banking Division in both New York and London. Mr. Lenehan has a Bachelor of Science in Business Administration from Georgetown University, and a MBA from the Stanford Graduate School of Business. Mr. Lenehan currently sits on the Advisory Boards of Greenspring Associates and Felicis Ventures, Investment Committee of the American Council of Learned Societies, Investment Committee of The Peterson Institute for International Economics, the Board of Trustees, Investment Committee of The Wenner-Gren Foundation, and The Greenwich Roundtable and the Investment Committee for the Stony Brook Foundation.
Mr. Lenehan is married, and he and his wife reside in New York City with their two children.
Tadashi Nishizawa is a Director of Private Equity Investment Department of Japan Post Bank (JPB). He has over 15 years of private equity investment experience. Before joining JPB in 2016, he was the Head of Private Equity Division of Daido Life Insurance Company between 2013 and 2016. Prior to that, he spent about 8 years at Alternative Investment Capital Ltd (AIC), an investment advisory firm in private equity investments, where he was most recently Senior Vice President and involved in the management of more than 100 private equity funds portfolio globally. Earlier in his career, he was with Daido Life Insurance Company where he had been in charge of private equity investments since 2002 as well as foreign government bond investments since 1997. He holds a bachelor’s degree in Economics from Hokkaido University.
Ben Hart focuses on the development of institutional client and consultant relationships, and works with other members of the investor relations team to serve the needs of Adams Street Partners’ clients.
Prior to joining the firm, Ben worked at Capital Dynamics as Managing Director and Chief Operating Officer of Asia, overseeing the firm’s business development efforts in Asia and North America.
Before Capital Dynamics, Ben served as Managing Director at Aircom International, focused on improving regional business performance. He also held senior business development positions at Convergys Corporation, Alliance Digital, Inc., and the JM Network.
Maurice Gordon is a senior managing director and the head of private equity at Guardian Life Insurance company of America.
He has over 25 years experience in private equity investing and portfolio management. In addition to Guardian Life, he has headed up private equity teams at Hartford Insurance and CIGNA insurance.
He and his team currently manage a $3 billion private equity Portfolio that includes buyouts, growth, venture, infrastructure, credit and farmland. He invests in primary funds, co-invests and secondaries.
Maurice holds BA in MS degrees in economics from the University of Illinois and a chartered financial analyst designation.
Justin Lo is currently a Senior Portfolio Manager of Private Equity at SF Employees’ Retirement System (SFERS) and is responsible for the plan’s $2.5 billion Venture and Growth Capital portfolio. He leads all portfolio construction efforts and manages the sourcing and underwriting on all strategies within VC and Growth Capital including direct fund investments, co-investments, secondaries, micro-VCs, growth buyout and more. Prior to joining SFERS, he served as the Assistant Director of UCSF Foundation where he was responsible for the University’s $1.5 billion endowment across both public and private markets. He received his BA in Statistics from University of California at Berkeley and an MBA from California State University at Sacramento. In 2020, he was recognized as one of Trusted Insight’s Top 30 Pension Private Equity Investors. He is also an active CFA charterholder.
Steve Moseley is Deputy CIO and Head of Private Markets and Alternative Investments for the US$65 billion Alaska Permanent Fund, an endowment formed in 1980 to provide for all current and future generations of Alaskans. Before joining APFC Moseley restructured and sold Marston-Ross Corporation, a Connecticut-based family investment office. Before that he was president of StepStone Group, a global manager of diversified private market assets and, prior to that, co-president of the direct investment division of StepStone’s predecessor company.
Earlier in his career, Steve worked in investment banking at Credit Suisse First Boston (“CSFB”) and as a principal in CSFB’s private equity investment affiliate, Windward Capital Partners.
Moseley received his MBA from Yale University and his BA from Wesleyan University.
Jenny Newmarch is the Senior Portfolio Manager for Private Equity at Aware Super, the second largest profit for-member Superannuation Fund in Australia with AUD $100billion in funds under management. Aware Super’s private equity portfolio is over AUD 5 billion as at 30 September 2020 and is invested globally in a concentrated portfolio of funds and co-investments in strategies ranging from venture capital to buyouts. Jenny has over 12 years experience in private equity as an asset allocator and adviser and has over 20 years experience in the investment field having started her career as an investment consultant and actuary in the UK.
Jenny is a graduate of Imperial College London, a Fellow of the UK Institute of Actuaries and a Graduate of the Australian Institute of Company Directors.
Mr. Huang is a Partner of Lexington Partners based in the Hong Kong office. Mr. Huang is primarily engaged in the evaluation of secondary purchases of non-U.S. buyout, mezzanine and venture capital interests, and the origination of non-U.S. equity co-investments. Prior to joining Lexington in 2011, Mr. Huang was an Executive Director in private equity at LGT Capital Partners and prior to that he spent his career at Investment AB Kinnevik.
Mr. Huang graduated from Cornell University with a BS in business administration and from University of Chicago, Booth School of Business with an MBA.
Wen Tan is the founder of Azimuth Asset Consulting, providing strategic, organisational and operational advice to guide asset owners and asset managers towards their long-term goals. Wen specialises in complex situations such as redesigning governance structures, conflicts of interests resolution (whether between investors, between managers and investors, within captive managers, or within family structures), succession planning, strategic growth opportunities, spinouts, and post-merger/acquisition integration.
Wen formerly headed Aberdeen Standard Investments’ Asia Pacific private equity platform, and has unique insights into the investment management industry, having viewed the sector from multiple perspectives: as a financial sector specialist at KPMG in London, as an M&A investment banker with Lazard focusing on financial institutions, from an LP perspective on behalf of various types of institutions (Search Investment Group – a family office; Squadron Capital and FLAG Capital – both boutique private equity firms; Aberdeen Asset Management and Aberdeen Standard Investments – both global investment management firms), from a GP perspective at the above firms, and from an operational perspective as de facto local COO dealing with post-M&A integration through multiple acquisitions and mergers.
Wen is a graduate of the University of Cambridge, and is a member of the ICAEW and HKICPA.
Suzanne Tavill is the global head of responsible investing at the StepStone Group, a global private markets investment firm focused on providing customized investment solutions and advisory and data services to some of the most sophisticated investors in the world. With more than US$296 billion of private markets allocations, including over US$67 billion of assets under management as of March 31, 2020, StepStone covers the spectrum of opportunities in private markets across the globe. Ms. Tavill leads StepStone’s Responsible Investment initiative across all businesses and investment strategies. She is also a member of the private equity team.
Prior to StepStone, Ms. Tavill was responsible for AMP Capital’s global alternative investment platform that included private equity, infrastructure and real assets. Before that, she spent five years at Van Eyk Research in Sydney, the last four as head of research. Before moving to Australia, she was an executive director at Goldman Sachs Investment Management, responsible for their UK small-and mid-cap portfolios.
Ms. Tavill received an MSc in finance and economics from the London School of Economics, in addition to a BBS with honors in economics and honors in finance from the University of Cape Town, South Africa.
Henry Yin is partner at Cooley LLP. He is a trusted advisor to clients on complex public and private mergers and acquisitions (including cross-border/outbound investments), private equity, venture capital and growth investments, joint ventures, PIPEs, financings, going-private transactions and other general corporate matters in China, US and globally covering diverse industries including technology, life sciences, film, media, financial services, consumer, automotive, big data, e-commerce, software, hardware, education/edtech, manufacturing, fintech, logistics, blockchain, real estate, reinsurance, pharmaceuticals and infrastructure.
Henry also advises family offices, founders, significant shareholders and corporate clients in negotiated or contested complex transactions, corporate governance matters, boardroom and transaction strategies, ESOP matters, competitive bidding process, Greater China entry strategies and other technology transactions. Henry received his JD with honors from Duke University School of Law and BA from University of International Relations.
Shane is Founder and Partner of Openspace Ventures, a Singapore-headquartered VC focused on investments in Southeast Asia-based technology companies. Openspace currently manages 4 funds with total committed capital of over US$350M. Selected Openspace investments overseen by Shane include Gojek, HaloDoc, Whispir, Biofourmis, Finnomena and Tanihub Group.
Openspace’s inaugural fund is consistently performing top 5% of VC funds globally according to Cambridge Associates benchmark. As of June 2020, a total of US$6.5 bn follow-on capital has been raised by Openspace portfolio companies. In 2018, Shane was a finalist for Asian VC/PE “Professional of the Year” as coordinated by the Asian Venture Capital Journal.
Shane was previously Managing Director and Co-Head (Technology Investment Banking, of Citigroup Asia-Pacific. As a technology banker, he spent over thirteen years advising Asian technology companies and financial sponsors on capital raising and M&A strategies. Over this time, his clients have included strategic players such as Qihoo, Mediatek, Pactera, Acquity, Hisoft, ASE, SAS and sponsors such as Temasek, Khazanah, ATIC, GGV, CVCI and DCM. Shane has acted as advisor on many technology M&A transactions including SaS acquisition of Covalent, sale of Singapore Computer Systems to NCS in 2009 and the private equity buyouts of SPI, Unisteel, MMI and Acument. Prior to his banking career, Shane was a strategy consultant with Bain and Company and GEM Consulting in Australia.
Shane has an MBA with distinction from INSEAD Singapore where he was a recipient of the IAA Asian Campus scholarship and a Bachelor of Laws/Bachelor of Commerce from UWA.
Nisa Leung is a Managing Partner of Qiming Venture Partners and leading its health care investments. Qiming Venture Partners is a leading investment firm in China which currently manages over USD 5.6 billion in assets and investment in over 370 companies.
Prior to joining Qiming, she was co-founder of Biomedic Holdings with operations and investments in medical devices, pharmaceuticals and health care services in China including Novamed Pharmaceuticals (acquired by SciClone NASDAQ:SCLN) and U-Systems (acquired by GE Healthcare). Nisa was Venture Partner of PacRim Ventures in Menlo Park, and was previously with Softbank/Mobius Venture Capital.
She currently sits on the board of Gan & Lee Pharmaceuticals (SSE:603087), Zai Lab (NASDAQ:ZLAB; HKSE:9688), Venus MedTech (HKSE:2500), Nurotron, dMed, CanSino Biologics (SSE:688185; HKSE:6185), New Horizon Bio, Berry Oncology, Broncus, Insilico Medicine among others. Her other investments include Aeonmed Medical, Berry Genomics (SZSE:000710), CITIC Pharmaceuticals (acquired by Shanghai Pharmaceutical HKSE: 2607), Crown Bioscience (acquired by JSR Life Sciences), Kira Pharmaceutical, LIH, Novast Pharmaceuticals, Origene Technologies (acquired by VCAN Bio SSE:600645), Richen, VR Medical, Wuxi Leiming, Chain Medical Labs, MEDx, Cure Genetics, SinoCell Tech (SSE:688520), Apollomics, Sino United, Schrödinger (NASDAQ:SDGR) and Jacobio among others.
Nisa has been recognized by the Forbes Global 100 VC Midas List in 2019 and 2020, named Top 3 Best Female Venture Capitalist in China by Forbes in 2018 and won Venture Capital Professional of the Year by Asian Venture Capital Journal in 2017.
Nisa earned her MBA from Stanford Graduate School of Business and a BS from Cornell University. She is currently visiting lecturer at Harvard Law School, member of Stanford Graduate School of Business Advisory Council, board member of the Hong Kong Airport Authority and Hong Kong Palace Museum.
Niren is the Managing Director and the Head of NVP India. Niren brings to NVP India more than 25 years of investing, entrepreneurial, finance, operational and investment banking experience from leading consumer oriented companies and global financial institutions. Niren serves as an advisor on India-based venture and growth equity investments across sectors such as FinTech, Internet/Technology, Consumer and Healthcare.
Niren has been with NVP India for over 12 years and has advised Norwest’s investments in Swiggy.com, OfBusiness.com, Pepperfry.com, Quikr.com, RBL, Cholamandalam Fin, IndusInd, ING Vysya, EssKay Fin, Five Star Fin, Kotak, Kishlay Snacks, Jain Irrigation, Shriram City Fin.
Prior to joining NVP India, Niren was the Senior Director of Strategy and Ventures at eBay.com, Inc. in Silicon Valley, where he helped drive the worldwide strategy across eBay. Niren also led the eBay Ventures team where he was responsible for new investments, build or buy decisions, strategic acquisitions and new business opportunities.
Prior to eBay, Niren was part of the Original Executive Management Team of Baazee.com, India largest auction website. Baazee.com was acquired by eBay International in 2004, the largest successful acquisition exit of that era.
Prior to this, Niren was an investment banker with KPMG Corporate Finance in the Technology and Financial Services spaces and before that, a Registered Equity Dealer on the Bombay Stock Exchange.
Niren is a rank holder Chartered Accountant and a Gold medallist Masters in Commerce from the University of Mumbai.
Shin is Managing Partner at GLOBIS Capital Partners. Shin leads GLOBIS’s investments in mobile, digital media, and web services. Shin takes a hands-on approach to his portfolio companies initiating strategy development, organization/process development, partnership development, and global expansion.
His track record includes: IPO iStyle (ticker TSE 3660), Aucfan (3674), Kayac (3904), Pixta (3416), and Mercari (4385); M&A Shimauma Print System (acquired by CCC), and nanapi (acquired by KDDI). His portfolio includes Lancers, Viibar, Timers, Coubic, Reblue, and Mirrative etc. Selected as Forbes Japan Midas List Most Influential Venture Investor 2018.
Prior to Globis, Shin led management consulting projects at Arthur D. Little where he developed corporate strategy, new business strategy and innovation strategy for leading IT service providers and software companies. Shin received BA in Economics from University of Tokyo (graduation thesis with Honor), and MBA from Harvard Business School (Second Year Honor). Shin has 8 years of overseas experience in England, Holland and the US.
Marcus Simpson is a private markets consultant, mentor and maker who has been pushing industry boundaries for decades. He was Head of Global Private Capital at QIC until 2020, a program he established in 2005. That is a A$7.0bn global program with top decile global investment performance. He is at the forefront of a new private equity investment model reflected in a 2015 paper co-authored with Josh Lerner and Hugh MacArthur: The Next Generation Private Equity Investor, and as reflected in his participation of the Institutional Investors Roundtable, an international community of large, long-term institutional investors seeking to collaborate on private market investments.
Earlier experience includes Chief Executive, North America, Altius Associates; Head of Private Equity, Virginia Retirement System, and Vice President, Acquisition Finance, Bankers Trust Company.
Mr. Simpson holds a MBA from the Wharton School of the University of Virginia and a BSc (Architecture) from the University of Virginia.
Doug Coulter joined LGT Capital Partners in 2007 to lead its Asian private equity investment activities. Prior to LGT, Doug was a Senior Investment Officer at the IFC, responsible for direct investments in the TMT, retail & consumer and healthcare sectors. He previously worked at Nomura Securities in Hong Kong and as a lawyer at Fasken in Toronto. He holds an MBA from INSEAD, a M.Sc. from the LSE, a law degree from the University of Western Ontario and a B.A. from Queen’s University in Canada.
LGT Capital Partners is a leading alternative investment specialist with over USD 60 billion in assets under management and over 200 private equity professionals worldwide. Headquartered in Pfaeffikon, Switzerland, the firm has offices in New York, Dublin, London, Paris, Vaduz, Dubai, Beijing, Hong Kong, Tokyo and Sydney. LGT Capital Partners was selected as Alternatives Manager of the Year in Asia in 2016 and 2017 and Alternatives Fund House of the Year in 2018 by AsianInvestor, was named Alternatives House of the Year in 2020 by Asia Asset Management and was named Fund of funds of the year in Asia in 2018 and 2019 by Private Equity International.
Andress is the Chief Investment Officer of ACP Private Equity & Head of Private Equity, Asia Pacific. She is also a member of the Global Investment Committee for ACP Fund Investments. Prior to working for ACP, Andress was employed at the Government of Singapore Investment Corporation (Special Investments) in London. She started her career with the Ministry of Foreign Affairs of Singapore where she worked on the China and North American desks and was posted to Germany as First Secretary/ Deputy to the Ambassador and was also a Singapore delegate to the United Nations in New York. She also served as Centre Director for the Singapore Economic Development Board in Frankfurt where she helped German business set up in Singapore.
Nick is based in London and joined MIM in October 2019. He is responsible for the day to day management of the Asia LBO portfolio. Prior to joining MetLife, Nick was Founding Partner at Integrity Capital Partners, a Beijing-based Private Equity firm focused on making cross-border direct private equity (“PE”) investments between China and Europe. Previously he was Vice President in the Beijing office of Schroder Adveq, the PE investment arm of Schroders PLC, focusing on primary, secondary fund investments and co-investments. Nick began his career in Schroder Adveq's Swiss headquarters where he covered European investments. Nick holds an MBA from HKUST Business School, Hong Kong, an MPhil in Finance from Cambridge University, UK, and a BEng in Electronic Engineering from Cardiff University, UK. He is a CFA and CAIA charterholder.
Yar-Ping specializes in Asian pan-regional leveraged buyouts as well as country-focused funds, specifically in Greater China, Japan, Korea, and Indonesia. She leads the Primary Investment Team’s Asian practice, and actively participates in all fund investment decisions and manages relationships with several of Adams Street's managers.
Prior to joining Adams Street, Yar-Ping was a Senior Vice President of GIC Special Investments (GICSI), which is the private equity arm of the Government of Singapore Investment Corporation. She spent more than a decade at GIC and worked in their New York, Redwood City, and Singapore offices. Yar-Ping was the Head of Asia/Emerging Markets based out of Singapore, leading GICSI’s investments in leveraged buyout funds, growth capital funds, and co-investments.
Yar-Ping is a member of the Adams Street Primary Investments Committee.
Raju Ruparelia leads Ontario Teachers’ direct private equity investing activities across Asia-Pacific. Raju joined Ontario Teachers’ in 2008, was a senior founding member of its Hong Kong office in 2013 and has nearly two decades of combined experience in private equity and corporate finance. He has worked in both Toronto and London for the organization and has been involved in a number of its direct investments, including the acquisitions of Spandana Sphoorty Financial Ltd., INC Research, Coway, DTZ and Cushman & Wakefield. Raju currently sits on the board of Cushman & Wakefield.
Prior to joining Ontario Teachers’, Raju worked in investment banking at Credit Suisse in New York, in investments at Cadillac Fairview (Ontario Teachers’ wholly owned real estate subsidiary) and in the corporate finance group at Deloitte.
Raju holds a BA from Wilfrid Laurier University and an MBA from the Rotman School of Management at the University of Toronto.