AVCJ Southeast Asia Virtual Forum

Challenges and opportunities in the new era

room Live Virtual Briefing

Agenda

  • 09:00

    Economist briefing: Southeast-Asian outlook and growth prospects in 2021


    Alicia García Herrero, Chief Economist-Asia Pacific, NATIXIS

  • 09:30

    Fireside chat with Jeffrey Perlman, Managing Director, Head of Southeast Asia, WARBURG PINCUS

    Interviewed by Tim Burroughs, Managing Editor, ASIAN VENTURE CAPITAL JOURNAL

  • 10:00

    Networking break

  • 10:15

    Private equity leaders’ panel: Opportunities in the rebound

    Despite the challenges of 2020, Southeast Asia remains an attractive investment destination for global GPs, with its 600 million-strong consumer base and rapid growth taking place across various sectors and countries. As the region begins to prepare for the rebound, Southeast Asia is poised to benefit from the growth of technology-driven sectors as well as the diversification of global supply chains. For private investors, now may be an opportune moment to bargain-hunt and cherry pick for hidden prospects. Our esteemed group of GPs will showcase the strategies they have adopted in the past year and share their insights into how to capture opportunities in the region.

    • How is the global uncertainty affecting investment decisions in the region?
    • What strategies have GPs employed to help them navigate the complexities of 2020?
    • How and where are GPs actively seeking opportunities in Southeast Asia?
    • What are the questions LPs have been asking in the past year?

    Moderated by: Ben Hart, Partner & Head of Investor Relations (Asia), ADAMS STREET PARTNERS
    Panelists:
    Nainesh Jaisingh, Founding Partner and Chief Executive Officer, AFFIRMA CAPITAL
    T.J. Kono, Partner, UNISON CAPITAL
    Kyle Shaw, Founder and Managing Partner, SHAWKWEI & PARTNERS
    Andrew Thompson, Head of Private Equity Asia Pacific, Head of Deal Advisory, KPMG

  • 10:45

    Discussion and Q&A

  • 11:00

    Networking break

  • 11:15

    Country briefings: Asian private markets in 2020

    In this session, country experts from key markets across Southeast Asia will provide their insights into the current state of play in their respective regions, covering the private equity investment landscape, key sectors and strategies to consider, and challenges for the year ahead. This will be followed by an interactive discussion and Q&A session.

    Indonesia - Choon Hong Tan, Co-Chief Investment Officer, NORTHSTAR GROUP
    Vietnam - Andy Ho, Managing Director & Chief Investment Officer, VINACAPITAL
    Malaysia - Syed Yasir Arafat Syed Abd Kadir, Chief Executive Officer, EKUITI NASIONAL BERHAD (EKUINAS)
    Philippines - Alasdair Thomson, Managing Partner and Co-Founder, SIERRA MADRE

  • 11:45

    Q&A (panel discussion)

    Tim Burroughs, Managing Editor, ASIAN VENTURE CAPITAL JOURNAL

  • 12:00

    Intermission

  • 15:00

    Southeast Asia tech: All hands on deck

    In 2019, Southeast Asia’s venture capital firms hit a fundraising high of US$3.5 billion. However, this year is likely to be one of tightened purse strings as fund managers tread cautiously in terms of committing capital to new investments. That said, as we head towards a new normal, strategic value opportunities such as online work collaboration tools and e-commerce platforms will surely arise. Our panel of venture capitalists and entrepreneurs will discuss best practices for coping with the crisis, and how to prepare for the silver lining ahead.

    • What will be the role of technology in the changing landscape in the years to come?
    • How will fundraising efforts be affected across Southeast Asia?
    • Hands-on venture capital: How can firms best help their portfolio companies in times of disruption?
    • Survival of the fittest: How can regional businesses cope?

    Moderated by: Rajesh Sreenivasan, Head, Technology, Media & Telecommunications Practice Group, RAJAH & TANN ASIA
    Panelists:
    Shane Chesson, Managing Partner, OPENSPACE VENTURES
    Willson Cuaca, Co-Founder and Managing Partner, EAST VENTURES
    Xiaolin Zheng, Strategic Investment Director, JD.COM

  • 15:30

    Q&A (panel discussion)

  • 15:45

    Networking break

  • 16:00

    Private infrastructure investment in Southeast Asia: An update (In association with Inframation)

    As Asia focuses its resources on containing the outbreak, infrastructure projects across Southeast Asia have stalled; most notably in hard-hit sectors such as airports, railways, and toll roads. Nevertheless, despite the current economic turmoil, infrastructure investment has been touted as a fast-track recovery tool. A report by AIIB predicts that the industry will rebound in line with underlying infrastructure demand across the region, and we will see growing trends such as the importance of a resilient digital infrastructure. Our panel of industry specialists will provide their thoughts on how private investors might tap into investment opportunities in the coming years, and whether global GPs will be cautious around opportunities in more volatile markets in Southeast Asia.

    • GP perspective: What has been the impact on infrastructure deals in the region in 2020?
    • How will regional governments use infrastructure to stimulate their respective economies?
    • What will be the growing role of digital infrastructure, from having secure data centres to high-capacity fibre networks?
    • How are firms undergoing risk evaluation for projects in the region, and will GPs still be willing to take greenfield project risks in Southeast Asia?

    Moderated by: Robin Ganguly, Editor APAC, INFRAMATION GROUP
    Panelists:
    Christopher Low, Managing Director, MACQUARIE INFRASTRUCTURE AND REAL ASSETS
    Daniel Mallo, Managing Director – Head of Natural Resources & Infrastructure, Asia Pacific, SOCIÉTÉ GÉNÉRALE
    Geoffrey Tan , Managing Director, Asia Pacific, DEVELOPMENT FINANCE CORPORATION (DFC)
    Thomas Walenta, Senior Investment Officer, ASIA INFRASTRUCTURE INVESTMENT BANK (AIIB)

  • 16:30

    Q&A (panel discussion)

  • 09:00

    Capturing growth across borders (in association with Mergermarket)

    With businesses looking to expand their operations against an increasingly maturing business landscape, there has been an increasing need for Southeast Asian companies to maximise their cross-border opportunities. As the region returns to normalcy, private equity, venture capital, and strategic corporate investors will be searching for new pockets of opportunity to invest in the next regional champions. However, integration challenges in a fragmented and diverse region, and the complexity of cross-border deals, are obstacles that need to be overcome. Our group of on-the-ground practitioners will discuss the outlook for cross-border investing and share their predictions of the sectors that will rise against the tide.

    • What have been the drivers of cross-border private equity, venture capital and M&A deals in Southeast Asia in the past year?
    • What are the keys to managing cross-border portfolio companies in this fragmented region?
    • How have investors and corporates overcome challenges to cross-border deal making with travel bans in place?
    • What is Southeast Asia’s role in the supply chain of the future?

    Moderated by: Riddhima Saxena, Emerging Markets Editor, MERGERMARKET
    Panelists:
    Valerie Mantot-Groene, Regional Managing Director – APAC, APEX GROUP
    Martin Tornberg, Head of Overseas Strategic Investments, PINGAN TECHNOLOGY (HK) LIMITED
    Conrad Tsang, Founder and Chairman, STRATEGIC YEAR HOLDINGS LIMITED
    Stanley Yang, Executive Vice President, Group Corporate Development, FIRST PACIFIC

  • 09:30

    Q&A

  • 09:45

    Networking break

  • 10:00

    LPs’ view on private markets

    According to a recent institutional investor survey featuring 100+ LPs, a majority of respondents stated that they do not plan to make any changes to their private market allocations or leave certain geographies in the short term. Despite investors becoming more comfortable with deploying capital to Southeast Asia in recent years, as well as the region being voted the most attractive investment destination by LPs in a 2019 EMPEA survey, are the region’s fragmented markets, succession challenges, and track records set to become a deterrent? Our esteemed panel of local and international LPs will discuss opportunities in Southeast Asia, where they plan to allocate, and their mid- and long-term strategies for the region.

    • What have been some of the unique challenges faced by LPs this year?
    • How are LPs viewing the region’s investment outlook?
    • What level of transparency will LPs expect from GPs going forward, especially in higher-risk regions in Southeast Asia?
    • What are investors’ short- and long-term strategies for balancing risk in the year ahead?

    Moderated by: Sam Robinson, Managing Partner, NORTH-EAST PRIVATE EQUITY ASIA
    Panelists:
    Alicia Gregory, Head of Private Equity, FUTURE FUND
    Saifulbahri Hassan, Senior Vice President, KUMPULAN WANG PERSARAAN (DIPERBADANKAN) [“KWAP”]
    Sunil Mishra, Partner, ADAMS STREET PARTNERS
    Josh Stern, Director, Private Investments, ROBERT WOOD JOHNSON FOUNDATION

  • 10:30

    Q&A (panel discussion)

  • 10:50

    Networking break

  • 11:00

    Interview with Ravi Thakran, Group Chairman, South & Southeast Asia, Australia and Middle East, LVMH GROUP; Founder, L CAPITAL ASIA

    Interviewed by Tim Burroughs, Managing Editor, ASIAN VENTURE CAPITAL JOURNAL

  • 11:30

    Intermission

  • 15:00

    Operational value-add: The new playbook

    There has never been a more crucial time for private equity firms to take a proactive role in value creation and to provide portfolio companies with the support they need for future success. As operating teams continue to grapple with the changing times, Asian business leaders need to decide how to not merely weather the storm, but also how best to strengthen the competitiveness of their portfolio companies. How have Southeast Asian operational partners responded so far? Our panel will discuss the different approaches they have taken across the region in formulating an effective value creation strategy.

    • What are the opportunities and challenges for improving operations in the new norm?
    • Case study: How have Southeast Asian operational partners worked to support their portfolio companies through the crisis?
    • Will there be changes in portfolio governance models?
    • How can firms harness technology to accelerate value creation across portfolios?

    Moderated by: Suresh Dalai, Senior Director, ALVAREZ & MARSAL
    Panelists:
    Atiff Gill, Principal, CVC CAPITAL PARTNERS
    Abhishek Kapur, Managing Director, KKR CAPSTONE

  • 15:30

    Q&A (case study)

  • 15:45

    Networking break

  • 16:00

    An ever-growing demand for healthcare

    COVID-19 has highlighted the importance of having a strong healthcare system. The proactive steps taken by many Asian countries, coupled with the region’s growing population and rising affluence demonstrates the potential of this sector. From a private equity perspective, opportunities exist in the massive supply–demand gaps in the region, where governments are underinvesting in healthcare infrastructure and it is expected that the demand for investments in private hospitals, digital healthcare platforms, and biotech companies will increase significantly. Our healthcare experts will discuss the current opportunities in Southeast Asia, as well as what to invest in for the future.

    • What will be the short- and long-term impacts on the healthcare sector?
    • What are some of the challenges when investing in Southeast Asia-based healthcare companies, such as regulatory risks?
    • Will we see a rise in digital healthcare platforms?
    • What are some of the strategies when approaching regional healthcare investments?

    Moderated by: Judith Li, Partner, LILLY ASIA VENTURES
    Panelists:
    James Huang, Founding Managing Partner, PANACEA HEALTHCARE VENTURE; Managing Partner, KPCB CHINA
    Helmut Schuehsler, CEO & Chairman, TVM CAPITAL HEALTHCARE
    Jeff Staples, Chief Operating Officer, UNITED FAMILY HEALTHCARE

  • 16:35

    Q&A (panel discussion)