Day 1: 7 October 2009, Wednesday

0800 - 0845
Registration & coffee

0845 – 0855
PEI welcome & chairman's opening remarks

David Hawkins, Co-founder, PEI Media


0855 – 0915
IVCA Welcome

Saurabh Srivastava, Chairman, IVCA


0915-0945

Opening keynote: The role of private equity in building sustainable businesses
 
Deepak S Parekh, Chairman, HDFC


0945-1045
Scene setting panel: How will buyouts take off in India?
- Is buyout a term that even applies in India? And if so, are particular sectors more appropriate than others?
- Is control ultimately the key determinant of a successful investment?
- Should the buyout model shape the local private equity scene, and if so, what are the implications?

Moderator:
PV Wang, Partner, Adams Street Partners

Panel Members:
Rajesh Khanna, Managing Director, Warburg Pincus
Vishakha Mulye, Managing Director & CEO, ICICI Venture
Vishal Nevatia, Managing Partner, India Value Fund
Sameer Sain, CEO & Managing Director, Future Capital Holdings
Bruno Seghin, Partner, Navis Capital (India)


1045 – 1115
Coffee break

1115 - 1200
Panel session: Working within the new India regulatory framework
- Economic objectives and the aims of regulators
- Interpretation and application of regulations that impact private equity investing in India
- The road ahead: ongoing regulatory and fiscal changes across the country 

Moderator: 
Mohit Saraf, Senior Partner, Luthra & Luthra Law Offices

Panel Members:
Nitin Deshmukh, CEO, Kotak Investment Advisors 
Vivek Pandit, Partner, McKinsey & Co.
Prashant Saran, Whole Time Member, Securities and Exchange Board of India (SEBI)
Vijaya Sampath, Group General Counsel and Company Secretary, Bharti Enterprises


1200 – 1230

Keynote address: The next chapter for India
- As global financial markets are overhauled, what needs to happen in India?
- New regulations and opportunities: where does private equity fit in the grand scheme of things?
- What can the private equity industry do that it is not already doing?

Montek Singh Ahluwalia, Deputy Chairman - Planning Commission, Government of India

1230 – 1315

The Big Debate: This house believes that in India especially, private equity fund managers should undertake PIPEs investments to maximise returns for their investors.

For the Motion:
Sumir Chadha, Managing Director, Sequoia Capital India Advisors
Luis Miranda, President & CEO, IDFC Private Equity 

Against the Motion:
Wen Tan, Managing Director, Squadron Capital
Han Seng Low, Executive Director, United Overseas Bank


1315 – 1430
Lunch

1430 – 1515
Panel session: Infrastructure: What, where, why and how?
- Reviewing the Public-Private-Partnership structure: how does it fit with the time constraints faced by private equity fund managers?
- Could a buoyant public market work against fund managers?
- Opportunities and challenges in power and transportation sectors: what are the lessons learned so far? 

Moderator:
Jason Glover, Partner, Clifford Chance

Panel Members:
Anil Ahuja, Head of Asia, 3i Asia
Anita Marangoly George, Director for Infrastructure, International Finance Corporation
Krishna Kumar, Managing Partner, IL&FS Investment Managers Limited
Anoop Seth, Co-head, Infrastructure, Asia, AMP Capital Investors

1515 - 1615: Workshops I: Technical and operational themes

Workshop A: How can private equity funds bring tangible benefits to portfolio companies? 
- The role of an operating partner 
- How do you balance your involvement with your role as a financial investor? 
- What support do Indian companies need most? 
- Turning around struggling portfolios

Facilitator:
Vikram Utamsingh, Executive Director & Head of Private Equity, KPMG India Private Limited

Participants:
Nainesh Jaisingh, Managing Director, Standard Chartered Private Equity Advisory
Jaspal Singh Sabharwal, Managing Director- Operations, Future Capital - Private Equity
Richard Saldanha, Executive Director, Blackstone Advisors India


Workshop B: Evolving fund structure, terms and conditions 
- Prospects for rupee funds 
- Reviewing the ‘standard’ fees and carry structure 
- Adopting UN’s PRI: are there obvious benefits to taking heed of socially responsible guidelines? 

Facilitator:
Siddharth Shah, Head of Funds Practice Group, Nishith Desai Associates

Participants:
Jayanta Banerjee, President, Private Equity, ICICI Venture
Hugh Dyus, Head of Asian Private Equity, Macquarie Funds Group
Han Seng Low, Executive Director, United Overseas Bank


1615 – 1645
Coffee break

1645 – 1745: Workshops II: Market opportunities

Workshop C: Between early and late-stage investing 
- Closing the gap between classic venture and growth fund models 
- Is there such as thing as a pure venture fund in India? 
- How can managers help to scale small to medium enterprises? 

Facilitator:
Carlos Perry, Chief Operating Officer, EMPEA

Participants:
Rajeev Agrawal, CEO, Ambit Pragma Ventures
Brian Lim, Principal, Pantheon Ventures
Niren Shah, Managing Director, NVP India
Varsha P Tagare, Director, Intel Capital India


Workshop D: India’s rural and economic reforms: opportunities for private equity 
- Can private equity participate meaningfully in effecting rural reforms?
- Exploring opportunities in the agriculture sector 
- Importance of pursuing ‘inclusive growth’?
- Exits: how and where? What are the potential returns? 

Facilitator:
Siddharth Poddar, Associate Editor, PEI Asia

Participants:
Sarath Naru, Managing Partner, VenturEast
Anubha Shrivastava, Managing Director, CDC Group
Rajesh Srivastava, Chairman and Managing Director, Rabo Equity Advisors


1745 – 2000 Cocktail reception hosted by Clifford Chance


Day 2: 8 October 2009, Thursday

0745 – 0845
LP Breakfast (By invitation ONLY)

0850 – 0900
Chairman’s recap

0900 – 0920
Opening address: How does India PE compare to other emerging markets? 

Participants:
Sarah Alexander, President, EMPEA
Anouk van der Boor, Managing Director, Cambridge Associates


0920 – 1010
Panel session: Getting real, and smart with fundraising
- Optimal fund size – is there such a thing today?
- What can a first-time fund offer prospective LPs?
- Examining the GP and fund advisory committee relationship: a two-way traffic 

Moderator:
Anubha Shrivastava, Managing Director, CDC Group

Panel Members:
Srinivas Chidambaram, Managing Director, Jacob Ballas Capital India
Alok Gupta, Managing Director & CEO, Axis Private Equity
Ajay Pathak, Partner, SJ Berwin
Renuka Ramnath, Founder, Managing Director & CEO, Multiples Alternate Asset Management


1010 – 1040
 
The PEI Interview: Picking winners: sectors that matter
- Overview of investment landscape: where the money has been going?
- Is it time to start looking beyond the demographic growth story?
- Distressed opportunities

Interviewee: Rakesh Jhunjhunwala, Partner, Rare Enterprises

1040 – 1115
Coffee break

1115 – 1200
LP panel: Is India still a good bet today?
- What are the competing markets for shrinking allocations?
- Concerns specific to India and how they can be addressed by local managers
- Are corporate governance issues deal breakers for institutional investors in emerging market funds? 

Moderator:
Anand Sunderji, Director, Guggenheim Capital Management (Asia)

Panel Members:
Vikram Bhaskar, Managing Director, Credit Suisse
Olivia Ouyang, Investment Officer, International Finance Corporation
Lionel de Saint-Exupery, President, CDIB Capital International Corporation
Soichi Sam Takata, Deputy Head of Private Equity, Tokio Marine Asset Management


1200 – 1245
Closing panel: Making a grand exit
- Dependence upon the public markets for exit
- Realistic return expectations in 2010: IRR versus cash returns
- The next chapter 

Moderator:
Hugh Dyus, Head of Asian Private Equity, Macquarie Funds Group

Panel Members:
Rahul Bhasin, Managing Partner, Baring Private Equity Partners (India)
Manish Kejriwal, Senior Managing Director, Temasek Holdings
Sanjay Nayar, CEO, KKR India Advisors
J.M. Trivedi, Partner, Actis

1245 –1430
Lunch and close of conference


Agenda updated on 3 October 2009

* This is a provisional agenda and remains subject to change at the discretion of the organisers.