Programme

  • 08:15

    Registration and refreshments

  • 08:50

    Welcome address

  • 09:00

    Opening keynote address

    Mei-Ling Chen, Minister without Portfolio, Executive Yuan & Concurrently Minister,
    NATIONAL DEVELOPMENT COUNCIL, R.O.C. (TAIWAN)

  • 09:30

    Rediscovering Taiwan’s private markets

    International private equity is coming back to Taiwan. US/China trade tensions have reset global supply chains and capital flows. Taiwan’s advantages are being reassessed by local and international investors—tech manufacturing leadership, world-class R&D talent, and well-run local businesses at realistic valuations. Our panel of senior dealmakers discuss the investment outlook for Taiwan.

    • How have US/China trade tensions and other macro factors impacted regional investments?
    • What opportunities will the trade war create for Taiwanese businesses?
    • Where does Taiwan fit into an Asian private equity strategy?
    • What can the Taiwanese government do to create a regional investment hub?

    Moderated by: Chien-Fu Lin, Jeff, Chief Economist, CTBC FINANCIAL HOLDING CO.
    Panellists:
    Edward Huang, Head of Private Equity for Greater China and Korea, BLACKSTONE
    Jim Tsao, Chairman and Head of China, PERMIRA ADVISERS CHINA LIMITED
    Hamilton Tang, Managing Director, CDIB CAPITAL GROUP
    Paul Yang, Member & CEO of Greater China, KKR

  • 10:30

    Networking coffee break

  • 11:00

    Taiwan’s middle market

    Taiwan’s mid-cap companies are at a crossroads. Founders need growth partners to reach the next level in the face of succession issues, organisational transformation, and limited know-how in international expansion. Still, from deal sourcing, to structuring and alignment of interests, execution is never straightforward. Our panel of professionals demonstrate how private equity can succeed in this compelling segment of the Taiwanese market.

    • Where will GPs find Taiwanese growth companies? How do you source propriety opportunities?
    • Why are founders looking afresh at private equity, and what are the best ways to align stakeholders?
    • Is private equity supporting industry consolidation and corporate transformation?
    • Which mid-market value creation strategies work best?

    Moderated by: Vincent Chang, President, KPMG Deal Advisory /Head of Private Equity, KPMG TAIWAN
    Panellists:
    Joyce I-Yin Hsu, Partner, CORNELL CAPITAL
    Alex Ying, Managing Director and Head of Buyout Group, CDIB CAPITAL GROUP
    Vivian Zheng, Partner, ADVANTAGE PARTNERS

  • 11:45

    Opportunities in global healthcare

    Despite overpriced assets, excessive capital, breakneck investment pace, and unrealised exits, the global healthcare sector remains a top focus among investors of all stages and types. The fundamentals supporting growth remain unchanged and technological advancements have created new opportunities. Investors have dug deeper when sourcing targets across sub-segments, creating products/services that better suit different local markets. Our panel of sector specialists discuss:

    • Where are the most interesting targets in each sub-sector: pharmaceuticals, medical devices, biotech, and healthcare services? Can these be found in Taiwan?
    • What are the latest technological breakthroughs impacting global healthcare?
    • Where do Taiwanese companies fit into a cross-border play?
    • How is the rise of corporate venture/strategic investors affecting the market? Can they be synergistic rather than competitive to independent investors?

    Moderated by: Jarret Su, Co-Head of Healthcare & Life Science, KPMG TAIWAN
    Panellists:
    James Cen Bonsor, Director, Investor Relations, CBC GROUP
    James Hsu, President of CDIB Capital Healthcare Ventures, CDIB CAPITAL GROUP
    James Huang, Founding Managing Partner, PANACEA HEALTHCARE VENTURE; Managing Partner, KPCB CHINA
    James Ieong, Chairman and Managing Partner, PAGODA CAPITAL

  • 12:30

    Networking lunch

  • 13:30

    After-luncheon remarks

    Lionel de Saint-Exupéry, Director/Co-CEO, CDIB CAPITAL GROUP

  • 13:40

    Plenary address

    Sophia Cheng, Chief Investment Officer, CATHAY FINANCIAL HOLDINGS

  • 14:10

    Turbocharging Taiwan’s venture ecosystem: learning from other markets

    Taiwanese venture capital is back in favour. The National Development Council has ramped up initiatives to encourage global investment in home-grown innovations, as well as facilitate exits via local IPOs. Even so, to ensure a sustainable industry, venture investors need to deliver winning strategies, from seed capital to late stage and exit, to capture this momentum and enable start-ups to commercialise worldwide. Our panel of international investors discuss:

    • What will be the next ground-breaking innovation? Where can entrepreneurs be found?
    • Which sectors will offer the greatest rewards in Taiwan?
    • What strategies are venture capitalists using to scale companies and take them global?
    • How can Taiwan ensure a consistent, sustainable venture capital industry? What lessons can be applied from other markets?

    Moderated by: Pamela Fung, Executive Director, MORGAN STANLEY ALTERNATIVE INVESTMENT PARTNERS
    Panellists:
    Jeff Chang, Managing Director, VERTEX GROWTH FUND
    Tina Cheng, Managing Partner, CHERUBIC VENTURES
    Masahiko Honma, Co-founder and General partner, INCUBATE FUND
    Jessica Liu, Partner, APPWORKS
    Edith Yeung, Managing Partner, PROOF OF CAPITAL

  • 15:05

    Networking coffee break

  • 15:30

    Investing in renewables in Taiwan

    Taiwan has become a leading destination for renewables investments in Asia, with a favourable location for offshore wind farms and supportive government policies. Yet, controversies over recent subsidy cuts and political changes may increase regulatory risk. Global experts debate the issues facing the energy market, the deal horizon for renewables, and how to cut through the hype.

    • What are the latest opportunities in renewables, and how are they being structured and financed?
    • What makes Taiwan attractive for renewables investments? What challenges are investors facing?
    • How can private investors gain access to renewables projects, and what type of partners can they work with?
    • What can local GPs and LPs do to nurture the sector? What can they learn from international precedents?

    Moderated by: Steven Chen, Deputy Head of Markets and Partner, Head of Renewable, Infrastructure, Government and Healthcare, KPMG TAIWAN
    Panellists:
    Richard Chang, Deputy Country Head – Taiwan, VENA ENERGY
    Anthony Lamb, Head of Taiwan, Green Investment Group, MACQUARIE
    Kok Leong Toh, Vice President, Private Infrastructure Asia, PARTNERS GROUP (SINGAPORE) PTE. LTD

  • 16:15

    LPs views for 2020 and beyond

    With an appetite for new strategies and products in the search for yield, Taiwanese LPs and their regional peers continue to increase their exposure to alternatives. However, keeping in mind the risk of macro uncertainties and a potential downturn, they still need to decide where and to whom to allocate capital. Our panellists explain how their approaches are evolving and what managers must do to win commitments.

    • What are the key investor concerns in today’s climate?
    • Which asset classes, regions, and strategies interest LPs the most?
    • What do LPs consider when allocating between strategies?
    • What is the right balance of managers in a global portfolio?

    Moderated by: Andy Tsai, Partner, STEPSTONE GROUP
    Panellists:
    Saifulbahri Hassan, Senior Vice President, KUMPULAN WANG PERSARAAN (DIPERBADANKAN) [“KWAP”]
    Edmond Ng, Founder and Managing Partner, AXIOM ASIA
    Sam Robinson, Managing Partner, NORTH-EAST PRIVATE EQUITY ASIA
    Rebecca Yang, Head of Alternative Investment, TAIWAN LIFE INSURANCE CO., LTD; Head of Fintech Investment, CTBC FINANCIAL HOLDINGS CO., LTD

  • 17:15

    Closing remarks

  • 17:20

    Cocktail reception