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2012 working agenda
This is a working agenda and remains subject to change at the discretion of the organisers.
Monday 23rd April 2012
1930 VIP dinner and the presentation of PE Asia Awards 2011 (By invitation only)
Day one: 24th April 2012
0800 Registration & coffee
0850 PE Asia welcome & opening remarks
0900 Impact of global uncertainty on individual strategies: Is Asian private equity turning over a new leaf?
Representing different private equity strategies (buyout, growth, distressed ), three GPs will comment on the new opportunities and potential changing rules of engagements in evolving economic and capital markets.
- Growth capital: How do GPs adjust to challenging capital markets? How do exit concerns impact decisions to invest? What will growth capital market look like in five years?
- Buyouts: Are the majority of buyouts taking place in Asia's developing markets?
- Distressed: What are the new themes to explore as liquidity gets less abundant?
Moderator:
Jie Gong, Portfolio Manager - Asia, Morgan Stanley Alternative Investment Partners
Panellists:
Jim Hildebrandt, Managing Director, Bain Capital Asia
George Raffini, Managing Director, Headland Capital Partners
Anthony Miller, Partner & CEO, PAG Japan
0950 Keynote presentation: Investing with the KIC
Scott Kalb, Investment Advisor (Ex-CIO) of Korea Investment Corporation just finished his 3 year term with KIC as the CIO in March 2012. As an industry veteran, Scott will share his unique experience of overseeing Korea’s $45 billion sovereign wealth fund, including his views on partnering with GPs and the role of emerging markets in a successful portfolio.
1020 Coffee break & networking
1050 Panel: Interests and incentives
Moderator:
Anubha Shrivastava, Managing Director, Asia, CDC Group
Panellists:
Anouk van der Boor, Managing Director, Cambridge Associates Asia
Peter Martisek, Vice President, Swiss Re Private Equity Partners
David Lin, Managing Director, CITIC Goldstone Investment
Alice Chow, Managing Director, Squadron Capital
David Nieuwendijk, Senior Investment Officer Private Equity, The Netherlands Development Finance Company (FMO)
1140 Panel: The rising influence of Asian LPs: spotlight on LPs from China and Japan
- How do LPs weigh the return and risk of private equity, as compared to other alternative asset classes?
- The evolution of Asian private equity – emphasis on Asian LPs
- How do the needs of Asian LPs differ from global LPs?
Moderator:
Michael Chae, Managing Director, Alternative Investments, PineBridge Investments
Panellists:
Soichi Sam Takata, Deputy Head of Private Equity, Tokio Marine Asset Management
Ludvig Nilsson, Managing Director, Jade Invest
Kyung W. Kim, CIO & Senior Managing Director, Diamond Dragon Advisors (Formerly with Shinsei Bank)
Yuka Hata, Director, Nomura Private Equity Capital
1230 Case study: Private equity in a downturn – lessons from a successful deal that rode out the 08/09 storm
Hear from successful private equity representatives about what worked and what did not during the downturn.
- What are the key areas to watch when making decisions on deals?
- How can PE firms adjust their investment strategy and change their investment focus?
Moderator: Marcia Ellis, Partner, Ropes & Gray LLP
Portfolio company: Lomb Scientific
Speaker: Jeremy A. Samuel, Managing Director, Anacacia Capital and lead director of Lomb Scientific
Portfolio company: Arysta LifeScience Corp.
Speaker: Alex Emery, Partner, Co-Head Asia, Permira
1315 Networking lunch
1415
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Workshop A:
Monitoring portfolio company risk and effective due diligence
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Workshop B:
Credit crunch - how is private equity positioned to fill the financing gap?
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Workshop moderator:
Violet Ho, Senior Managing Director, Greater China, Kroll
Workshop speakers:
Miranda Tang, Managing Director, CLSA Capital Partners
William Hay, General Counsel, Baring Private Equity Asia
Vincent Ng, Partner, Atlantic Pacific Capital
- Foreign Corrupt Practices Act: what must be done to avoid a violation?
- What is the best way to obtain relevant information from the investee’s management – questions you should ask?
- Conducting thorough due diligence to best minimise the risks of investing in Asia
- Steps you should take when performance of your portfolio company is not in line with you expectations – do you suspect wrongdoing?
- Tales from the front: Practical case studies of applying effective due diligence to your portfolio companies
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Workshop moderator:
David Madden, Managing Partner, DAC Financial Management (China)
Workshop speakers:
Shyam Maheshwari, Partner, SSG Capital Management (Hong Kong)
Sarit Chopra, Managing Director, Mezzanine and Alternative Solutions, Standard Chartered Bank
- A number of domestic and international private equity firms have expanded their business lines to include credit -focused strategies. Has this become a trend for private equity firms in Asia?
- Private equity Funds morphing into credit providers: what are the drivers? What is the long term potential?
- What are the pros and cons of providing mezzanine and other forms of financing? Why are these types of lending getting more popular?
- What criteria and requirements should companies demonstrate to the new lenders?
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1515
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Workshop C:
Impact of changes to VIE and other regulatory changes on China deals
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Workshop D:
Frontier Market Investment – Cambodia, Myanmar, Vietnam, and Mongolia
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Workshop moderator:
Paul Boltz, Partner, Ropes & Gray LLP
Workshop speakers:
William Hay, General Counsel, Baring Private Equity Asia
Marcia Ellis, Partner, Partner, Ropes & Gray LLP
- What are the best options for private equity funds who would like to continue backing China’s most promising companies?
- What are the viable alternatives for fund managers to prevent any regulatory action from reducing the potential return?
- Will increased regulation dampen private equity’s ability to produce superior returns?
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Workshop speakers:
Indebir Singh Dhingra, Equity Head, Asia - Financial Institutions, IFC
Geoffrey Seeto, Principal, Head of Investment,
China-ASEAN Capital Advisory Company
Masa Igata, Founder & CEO, Frontier Securities
- Landscape for the market: upcoming opportunity for international funds to enter these markets
- What are the potential risks of working with local partners?
- Exit strategies: how to get money out from your investment?
- How to manage political risks?
- Comparing the pros and cons of investing both directly and indirectly through existing funds
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1615 Coffee break & networking
1640 Finding the best exit strategies in 2012: What are today’s options?
- Examining the viability of IPOs in Asia compared to other regions: What are other options? Where are subscribers and buyers coming from?
- What is the M&A landscape across the region?
- How to efficiently work with Asian entrepreneurs from deal origination to exits and beyond?
- What works the best with regards to involving intermediaries in the exit process?
- Opportunities in strategic sales: Will there be an increase in Asia?
Moderator:
Conrad Tsang, Managing Director, Baring Private Equity
Panellists:
Sigit Prasetya, Managing Partner, CVC Capital Partners
Jason Shin, Co-founder and Managing Partner, Vogo Fund
Brandon Lin, Partner, SAIF Partners
Simon Eckersley, Founder and CEO, HAO Capital
1730 PE Asia closing remarks
Following the conference there will be a cocktail reception for speakers, sponsors and delegates
Day two: 25th April 2012
0855 Opening remarks & recap of day one
0900 Rise of Asian fund of funds: what are the challenges and opportunities ahead?
- What are the challenges in getting capital from LPs? Will the growth in funds under management continue?
- What is the future trend for these funds? How will they thrive and differentiate?
- How do funds allocate capital in different regions and to different strategies?
- How does local knowledge weigh against global reach?
Moderator:
Han Seng Low, Executive Director, United Overseas Bank
Panellists:
Alex Wilmerding, Principal, Pantheon Ventures (HK) LLP
Sebastiaan Van Den Berg, Managing Director, HarbourVest Partners (Asia)
Nirav Kachalia, Managing Director, Morgan Creek Capital Management
Saki Georgiadis, Partner, Head of Asia, Hermes GPE
0940 Keynote on-stage interview
Yibing Wu, President, CITIC Private Equity Funds Management interviewed by Drew Wilson, Editor, PE Asia
1010 Panel: Implementing operational improvements to add value to your portfolio companies
- What operations capability can private equity firms bring to their Asian
portfolio?
- How can private equity firms add value to your portfolio companies as a minority shareholder?
- How do GPs help portfolio companies overcome both financial and non-financial challenges from the market?
- How are operating partners or consulting teams structured within the GP, and what arrangements typically work best?
- What roles can GPs play in improving ESG and SRI of their portfolio companies?
Moderator:
Vikram Raju, Senior Global Funds Specialist & Regional Lead – Asia, IFC
Panellists:
Peter Amour, CEO, AIF Capital
Xihong Deng, Managing Director, Hony Capital
Scott Bookmyer, Member, KKR and Chief Executive Officer, KKR Capstone Asia
Brian Bunker, Managing Director, Asia, The Riverside Company
Girish Nadkarni, Partner, IDFC Private Equity
1100 Coffee break & networking
1120 The Big Debate: This house believes deal competition has the biggest impact on generating alpha returns.
Audience will vote on the debate winner
Moderator:
Christopher Petersen, Managing Director, Asia, PEI
For the motion:
Anil Ahuja, Head of Asia, 3i Asia
Mark Chiba, Group Chairman and Partner, The Longreach Group
Against the motion:
Barry Lau, Managing Partner, Gen2 Partners
Saki Georgiadis, Partner, Head of Asia, Hermes GPE
1200 Refocusing on SE Asia - the "darlings of the 1990s"
- Are there any real changes in risk parameters and governance in the region?
- What is the best way to access to the ASEAN region that is made up of several major countries?
- What are the potential investment opportunities from the ASEAN Economic Community to be established by 2015?
- Is Myanmar the next big frontier?
Moderator:
Chris Lerner, SVP, Head of Asia Origination and Project Management, Eaton Partners
Panellists:
Paul Kang, Senior Partner, Head of South East Asia, Headland Capital Partners
Deepak Natarajan, Director, Intel Capital
Nicholas Bloy, Managing Partner, Navis Capital Partners
Dr. Choon Hou Ho, Executive Director, Southern Capital Group
1240 How can new LPs participate in China’s PE industry?
- Funds vs. direct investment: What are the pros and cons? What should be taken into
consideration?
- Venture capital market: Does the maturation of China’s VC market mean that outsized returns can no longer be expected?
- Will more JV funds form? How will investment funds in China be shaped?
- How to best manage the RMB and dollar conflict?
- Is QFLP an effective route for foreign LPs to access China? How does RMB convertibility affect QFLP
Moderator:
Vincent Chan, CEO, Spring Capital
Panellists:
Frank Tang, CEO & Managing Partner, FountainVest Partners
Craig Wilkinson, Managing Director, Lloyds TSB Development Capital (Asia)
Doug Coulter, Head of Private Equity, Asia Pacific, LGT Capital Partners
Duane Kuang, Founder and Managing Director, Qiming Venture Partners
Laurie Kan, Founder & General Partner, On Capital China
1330 Close of conference
Following the conference there is a networking lunch for speakers, sponsors and delegates
This is a working agenda and remains subject to change at the discretion of the organisers.
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