- 2018 Speakers
- 2018 Awards
- Other AVCJ Events
An error occurred trying to play the stream. Please reload the page and try again. Close
Interviewer: Tim Burroughs, Managing Editor, ASIAN VENTURE CAPITAL JOURNAL
Interviewee: Clara Chan, Chief Investment Officer (Private Markets), HONG KONG MONETARY AUTHORITY
* Held under Chatham House Rule
In a climate of high valuations and intense competition, having the ability to drive operational improvement is crucial. GPs
must move quickly, identifying problems and growth opportunities during the due diligence process and acting soon after the
deal closes. From sourcing bolt-on acquisitions to matching talent with business objectives to conducting technology impact
audits, approaches to value-add are being sharpened. Our panel looks at how investors get it right – and wrong.
Oliver Stratton, Managing Director, ALVAREZ & MARSAL
Mark Chiba, Group Chairman and Partner, THE LONGREACH GROUP
Alvin Lam, Principal, CVC CAPITAL PARTNERS
Kyle Shaw, Founder and Managing Partner, SHAWKWEI & PARTNERS
A measure of India’s development as a private equity market is the emergence of more deals of significant size. There were
two dozen investments of $200 million or above in 2017; the average for the five years before that was nine. It means there is
more for pan-regional GPs to feed on, but managers across the spectrum are developing their India strategies, focusing more
heavily on value creation. Our country specialists share their expertise.
Jonathan A. English, Managing Director, PORTFOLIO ADVISORS, LLC
Sanjay Kukreja, Managing Partner, CHRYSCAPITAL
Ranjit Shah, Managing Partner and Co-Founder, GAJA CAPITAL
The overriding question for Japanese private equity is can the reality live up to the hype. A string of corporate carve-outs
confirmed the longstanding divestment thesis and now investors want to see more. Similarly, a flurry of activity in the middle
market around succession planning has created a level of expectation. In both segments, even if assets are available, pricing is
likely to be a challenge. Our Japanese stalwarts discuss the market.
Yukie Tanaka, Managing Director, STEPSTONE GROUP
Richard Folsom, Representative Partner, ADVANTAGE PARTNERS
Tadasu Matsuo, Managing Director, Head of Alternative Investment, Alternative Investment Office, JAPAN POST INSURANCE
Kazuhiro Yamada, Managing Director and Head of Carlyle Japan Buyout Advisory Team, THE CARLYLE GROUP
Credit managers see ample investment opportunities in Asia while there is healthy appetite for the strategy among LPs seeking
portfolio diversification and to combat the j-curve. These dynamics are responsible for an expansion in the number of players
in this space, with private equity firms adding credit offerings and new specialist players emerging. Whatever the approach –
multi-product solutions or single credit niches – competition is likely to intensify. Our panel explores the key market themes.
Ron Thompson, Managing Director, ALVAREZ & MARSAL
Lucas Detor, Managing Principal, CARVAL INVESTORS
Ilfryn Carstairs, Partner and Co-Chief Investment Officer, VÄRDE PARTNERS
Wooseok Jun, Head of Asia Pacific – Equity and Mezzanine, ICG
Manjot Rana, Senior Principal, APAC Credit, CPPIB
* Held under Chatham House Rule
Technology remains a focal point for investors of all kinds, receiving more capital than any other sector as companies raise
ever larger private funding rounds. Some private equity firms are now active participants in this space, while others hang
back – but there is no escaping innovation. If GPs aren’t actively investing in technology, they need to understand how it might
enhance or impede their portfolio companies. Our specialists discuss how best to build up competency.
Weichou Su, Partner and Head of Asia, STEPSTONE GROUP
Victor Ai, Managing Director, CHINA EVERBRIGHT LIMITED
Gordon Ding, Managing Director, WARBURG PINCUS
Tony Zhang, Partner, JENERATION CAPITAL
If viewed as one region, Southeast Asia appears to be sizeable in terms of population and economic value, with several of its individual members growing at above average rates. At closer inspection, the region can seem fragmented with just as many differences as similarities between markets. How to capture more than just a single market’s prospects? Domestic GPs across nearly every market are looking for scalable assets with multi-jurisdictional appeal, while companies from elsewhere in Asia see it as a natural expansion destination. However, managing a cross-border strategy requires unique skills and resources. Our panelists discuss how they see the opportunity set developing and how they are going about executing on it.
Thomas Lanyi, Managing Director, CDH INVESTMENTS
Paul DiGiacomo, Managing Director, BDA PARTNERS
Ralph Keitel, Principal Investment Officer and Regional Lead East Asia, Private Equity Funds, INTERNATIONAL FINANCE CORPORATION
Bert Kwan, Managing Director, NORTHSTAR GROUP
Rodney Muse, Managing Partner, NAVIS CAPITAL PARTNERS
South Korea enjoyed a record year for exits in 2017, driven by sales to strategic and private equity buyers plus some relatively
small but significant IPO activity. With some investors showing that they can get money out of Korea, others are happy to put
more in. Divestments by local conglomerates are the big-ticket opportunity, but there are also plenty of middle-market deals
involving succession planning and modernization. Our panellists assess the investment landscape.
John Y.S. Lee, Principal, LEXINGTON PARTNERS
Younggi Han, Executive Director, VIG PARTNERS
T.J. Kono, Partner, UNISON CAPITAL
Hae-Joon Joseph Lee, Partner and CIO, IMM PRIVATE EQUITY
After standing room only last year, don’t miss the return of this light-hearted look at the market.
Doug Coulter, Partner, LGT CAPITAL PARTNERS
Shane Chesson, Partner, OPENSPACE VENTURES
Jireh Li, Chief of Staff, SOURCE CODE CAPITAL
Eric Marchand, Principal, UNIGESTION
Katja Salovaara, Senior Private Equity Portfolio Manager, ILMARINEN
Kelvin Yap, Managing Director, Hong Kong, HARBOURVEST PARTNERS (ASIA) LTD.
Private equity exits reached a record high in Asia last year, largely on the back of substantial trade sale activity as strategic
investors – and increasingly GPs – aggressively pursued Asian assets. As a result, distributions from funds in Asia once again
exceeded capital calls, with the returns from top-quartile managers exceeding many LPs’ expectations. However, it remains to
be seen whether performance can be maintained in more recent vintages. Our panelists consider what the future holds.
Lorna Chen, Head of Greater China and Partner, SHEARMAN & STERLING LLP
Scott Chen, Partner and Managing Director, TPG
Darren Massara, Managing Partner, NEWQUEST CAPITAL PARTNERS
James Mi, Founding Partner, LIGHTSPEED CHINA PARTNERS
Emmett Thomas, Partner Head of Asia, ADVANTAGE PARTNERS
* Held under Chatham House Rule
Able to respond quickly to opportunities, unafraid to discard traditional institutional investor mindsets, and sometimes making
valuable strategic input, a family office can be a very useful LP. The challenge for GPs is finding groups that are a good fit for
their strategy. Family offices vary enormously in terms of resources, risk appetite, professionalization, and appreciation for blind
pool funds. Our panel discusses the ways in which private equity firms can work with them.
Jackson Chan, Managing Director, EATON PARTNERS
Jamie Cayzer-Colvin, Head of Funds pool, CALEDONIA INVESTMENTS
Sherry Lin, Head of Global Venture Capital, WILLETT ADVISORS
Sam Robinson, Managing Partner, NORTH-EAST PRIVATE EQUITY ASIA
Catherine Shiang, Managing Director, ACA LTD.
Daina Spedding, Investment Manager, LEWIS TRUST GROUP