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Tim Burroughs, Managing Editor, ASIAN VENTURE CAPITAL JOURNAL
As Asia continue to mature as an investment destination, competition for deals is intensifying. If managers face the prospect of paying up for prize assets, they need to enter processes with conviction based on clear-cut value creation plans. Moreover, execution has to be precise in terms of timing, intensity or complexity, if the underwritten returns are to be achieved. In this session, experts offer insights into private equity investors apply operational expertise.
Moderated by: Oliver Stratton, Managing Director, ALVAREZ & MARSAL
Alvin Lam, Principal, CVC CAPITAL PARTNERS
Chester Moynihan, Founding Partner, ALLEGRO FUNDS
Rodney Muse, Managing Partner, NAVIS CAPITAL PARTNERS
Kyle Shaw, Founder and Managing Partner, SHAWKWEI & PARTNERS
Juan Delgado-Moreira, Vice Chairman, HAMILTON LANE
Japan has yet to rediscover the rich vein of large-cap deal flow that defined 2017, but the ingredients are all there. As a result, competition is tougher than ever before, with global and regional GPs piling in. Even the middle market occupied by domestic managers is attracting larger amounts of capital, as evidenced by increasing fund sizes. The challenge for all participants is to maintain investment discipline and strategy. Our industry stalwarts assess the landscape.
Moderated by: Mingchen Xia, Managing Director, HAMILTON LANE
Mark Chiba, Group Chairman & Partner, THE LONGREACH GROUP
T.J. Kono, Partner, UNISON CAPITAL
Jun Tsusaka, Managing Partner, CIO and Founding Member, NSSK
Global energy demand is expected to grow by 25% through 2040, with India and China accounting for the bulk of the additional consumption. At the same time, concerns about climate change have put pressure on governments to promote energy efficiency and increasing reliance on renewables. The opportunity for private equity seems obvious, given the long investment horizons. Our panel of energy experts identify where they expect to see growth, and challenges, in the years ahead.
Moderated by: Robin Ganguly, Editor APAC, INFRAMATION GROUP
Patrick Boocock, Managing Partner, Head of Asia, BROOKFIELD ASSET MANAGEMENT
Takahiro Kato, Head of Global Fund Investments, DBJ ASSET MANAGEMENT INSTITUTIONAL INVESTORS
Anthony Muh, Senior Partner, H.R.L. MORRISON & CO
Credit has generated much interest among LPs globally due to its typically yield-based returns and downside protection, although the asset class has yet to realize its full potential in Asia. Success is contingent on understanding the dynamics – for example, how a change in the borrower landscape would impact lenders – in different geographies as much as the broader trade-offs involving terms, structures, and risk profiles. Leading investors offer their outlooks on the market.
Moderated by: Sebastiaan van den Berg, Chief Investment Officer, Alternatives, ARCH INVESTMENT MANAGEMENT
Greg Belonogoff, Principal, CARVAL INVESTORS
Kanchan Jain, Managing Director, BARING PRIVATE EQUITY ASIA
Barnaby Lyons, Managing Director and Head of Asia, BAIN CAPITAL CREDIT ASIA
Christopher Smith, Managing Director, ADM CAPITAL
Private equity investment in India reached a record high last year and the momentum has been maintained in the early months of 2019 even as other markets in the region stumbled. There are plenty of opportunities in growth-stage technology, but GPs are seeing more large-ticket transactions across multiple sectors. For all managers, delivering value means identifying deals beyond the mainstream that offer growth at attractive valuations. Our panellists discuss what’s next for India.
Moderated by: Pamela Fung, Executive Director, MORGAN STANLEY ALTERNATIVE INVESTMENT PARTNERS
Saurabh Chatterjee, Vice President, CHRYSCAPITAL ADVISORS
Sanjay Chaudhary, Partner, TATA CAPITAL GROWTH FUND
Ranjit Shah, Managing Partner and Co-Founder, GAJA CAPITAL
Cross-border strategies serve as a natural value creation tool, enabling GPs to help companies capture growth in new markets, achieve greater scale, and generate higher returns. Transactions of this nature are seldom straightforward in execution, given the cultural, political and regulatory challenges of integrating assets in different markets. On top of that, economic and policy uncertainty hangs over channels between Asia and US-Europe. Our expert panellists explain how investors get it right, and wrong.
Moderated by: Yue Zhang, Partner, FANGDA PARTNERS
Vincent Chan, Senior Managing Director and Head of Asia, SAMENA CAPITAL HONG KONG
James Ieong, Chairman and Managing Partner, PAGODA CAPITAL
Alex Emery, Head of Asia, PERMIRA
Emmett Thomas, Senior Partner, Head of Asia, ADVANTAGE PARTNERS
It was always a question of when secondaries would gain traction in Asia, given the number of mature funds with assets that have yet to be exited. GP-led transactions have grown in volume, value and variation in the last couple of years. Standard restructurings have been joined by staples, strip sales, preferred equity, the consolidation of disparate assets into single portfolios, and the spin-out of single assets into dedicated long-hold vehicles. Investors assess the market.
Moderated by: Josh Stern, Director, Private Investments, ROBERT WOOD JOHNSON FOUNDATION
Tim Flower, Managing Director, HARBOURVEST PARTNERS (ASIA)
Michael Hu, Director, ARDIAN
Motoya Kitamura, Managing Director, HQ CAPITAL
Darren Massara, Managing Partner, NEWQUEST CAPITAL PARTNERS
Asian returns have been robust in recent years, but with a downturn widely expected, GPs might be left with difficult choices. Do they take money off the table as soon as possible or hold on in the expectation that value creation can deliver even higher returns? Pressure to make distributions and future fundraising are factored into these decisions. Our panellists offer thoughts on prepping exits – and how outside forces can ruin the best laid plans.
Moderated by: Patrick Loofbourrow,Partner, COOLEY
John Kim, Senior Managing Director, CVC CAPITAL PARTNERS
Eric Xin, Senior Managing Director and Managing Partner, CITIC CAPITAL PARTNERS
Accessing family offices has always been a challenge for private equity – and not just because of widespread scepticism about blind pool funds. The biggest obstacle is the diversity in terms of needs, appetites and resources. As a result, the traditional single office approach has evolved to include multi-family offices, club structures, and platforms that aggregate capital from dozens of sources. Our panellists share their thoughts on how GPs can address this evolving market.
Moderated by: Chris Lerner, Partner and Head of Asia, EATON PARTNERS
K O Chia, Director, GRACE FINANCIAL
Hugues de Saint Seine, Partner, CIGP
Ian Prideaux, Chief Investment Officer, THE GROSVENOR ESTATE
Meiping Yap, Director - Private Capital, STONEHAGE FLEMING INVESTMENT MANAGEMENT