Four Seasons Hotel, Hong Kong Forum at a glance Join the world’s largest and most influential gathering of Asia-focused private equity and venture professionals Who should attend? 1000 Attendees 130 Limited partners 1 35 Industry-acclaimed Awards ceremony Countries represented PE Leaders’ Summit Expert speakers Speakers 280 Organisations 5 reasons to attend SCHEDULE OF EVENTS 11-13 November 2014 460 Sponsors NOW! PRIVATE EQUITY & VENTURE FORUM 2014 Cover 27th Annual REGISTER VC Summit What’s new? A Brand New Networking App Opportunities in the Private Debt Market Session LP Summit The Latest on Power & Energy Investing A Dedicated Networking Lounge Investment Summit Toolbox: Data Download Session & Focused Work Groups #avcjforum Scan this QR code with your mobile phone to review AVCJ Forum latest updates Registration avcjforum.com Join your peers AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Sponsors 27th Annual FORUM Sponsors Lead sponsors Asia series sponsor 5 reasons to attend SCHEDULE OF EVENTS Forum at a glance Co-sponsors Who should attend? VC summit legal sponsor LP Breakfast sponsor PE Leaders’ Summit VC summit sponsors Knowledge partner Speakers Legal sponsors LP summit sponsors VC Summit PE leaders’ summit sponsors Exhibitors LP Summit Awards sponsors ESG workshop sponsor I Investment Summit Sponsorship opportunities Register online: avcjforum.com 2 Registration The AVCJ Forum offers a range of standard and bespoke sponsorship packages that can be tailored to suit your company’s budget and business objectives. For more information please contact Darryl Mag on +852 3411 4919 or darryl.mag@incisivemedia.com 27th Annual 2014 Discuss and learn why Asia still matters in private equity 2014 AVCJ FORUM SCHEDULE AT A GLANCE Sponsors Monday, 10 November Asian Private Equity & Venture Capital Awards Hear from over 130 expert speakers who are driving activity in private equity investment in the region, Island Shangri-La Hotel (by invitation only) 18:15 Cocktail reception 19:15 AVCJ Awards dinner & presentation Sponsored by Make use of the breadth of experience from over 1,000+ attendees including the most promising GPs, developers and financiers to review your investor Access exclusive networking facilities to capitalize on the largest private equity community in the region (550+ GPs, 280 LPs, 1,000+ attendees from more than 35 countries): PE Leaders’ Summit Venture Capital Summit Limited Partners’ Summit Four Seasons Hotel 08:30 Summits start 18:00 Summits conclude Forum Welcome Cocktails Four Seasons Hotel Speakers dedicated networking lounges, a mobile app, social networks, cocktails and more! Tuesday, 11 November Who should attend? relations effectiveness and benchmark your firm against industry leaders Forum at a glance share global best practices and case studies 18:15 Networking cocktails Sponsored by International media partner PE Leaders’ Summit Partners & Supporting Organisations Philanthropy Partner 5 reasons to attend Review top performing investment markets and industries and emerging trends for the future SCHEDULE OF EVENTS 1 2 3 4 5 to attend FORUM Cover 5 reasons AVCJ PRIVATE EQUITY & VENTURE Wednesday, 12 November Investment Summit (Day I) Four Seasons Hotel 08:00 Summit starts VC Summit 18:10 Summit concludes Media Partners Gala Cocktail and Dinner Four Seasons Hotel 18:15 Gala cocktail reception Sponsored by LP Summit 19:00 Gala dinner Supporting Organisations Sponsored by Investment Summit Thursday, 13 November Investment Summit (Day II) Four Seasons Hotel 08:30 Summit starts Register online: avcjforum.com 3 Registration 16:00 Summit concludes AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Forum at a glance 27th Annual FORUM Sponsors 1000 Forum at a glance well as the quality of the LPs and the GPs who attend and participate on panels, is must-do for institutions with private equity investment in Asia. ´ Douglas Phillips, Senior Vice President, Institutional Resources, UNIVERSITY OF ROCHESTER Who should attend? ³ The AVCJ Forum always attracts high-calibre people – and then provides a program that identifies the key industry issues to enable people to discuss and learn. It has rightfully become an important fixture on the global private equity circuit. ´ Speakers 130 ³ The AVCJ conference, because of its longevity as LIMITED PARTNERS ORGANISATIONS 460 280 Joseph Y. Bae, Managing Partner, KKR ASIA PE Leaders’ Summit ³ AVCJ Forum assembles the biggest and the best in global private equity. The largest private equity IQ is here. ´ EXPERT SPEAKERS Padmanabh Sinha, Managing Partner, Private Equity, TATA OPPORTUNITIES FUND 35 ³ The AVCJ HK Forum is simply the most important event VC Summit each year for Asian Private Equity. It’s where you catch up with industry colleagues and stay informed on the latest developments. It’s a great way to end each year. ´ Roy Kuan, Managing Partner, CVC CAPITAL PARTNERS COUNTRIES LP Summit Breakdown of 2013 forum BY TYPE OF COMPANY 32% 34% 21% 4% 2% Placement Agents Corporates 1% Government 1% Associations 2% Other 3% BY COUNTRY 11% Managing Director/ Partner/CIO/CFO Director/Portfolio Manager/ Chief Representative Other 1% China Hong Kong 10% 50% South Korea 2%Japan India 4% U.K. 3% Germany 1% Switzerland 39% 15% 1% 2% U.A.E. 1% Malaysia Taiwan1% Thailand1% 1% 32% Singapore 8% Australia 4% Scan this QR code with your mobile phone and review what our attendees say 4 Registration Register online: avcjforum.com Principal/VP/ Associate USA & Canada 13% Investment Summit General Partners Limited Partners Service Provider Investment Banks BY TITLE Chairman/CEO/ Managing Partner 5 reasons to attend ATTENDEES SCHEDULE OF EVENTS For 27 years, the AVCJ Forum has brought together leading investors from across the globe for three days of high-level dialogue, debate and networking. In a programme that combines strategic and tactical issues, you’ll hear from some of the world’s most successful deal makers as they share their insights on the opportunities for private equity investors going forward. AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Who should attend? 27th Annual FORUM Forum at a glance Institutions and Academics who are involved in industry research and reporting new trends to inform and educate Who should attend? Speakers Corporations and entrepreneurs who are looking at understanding the synergies private equity can bring in expanding their businesses, regionally and globally PE Leaders’ Summit Including: VC Summit • Partner, Tax/Transactions Services/ • Fund Development Analyst • Advisor Assurance • Funds General Counsel • Analyst, Business Development • Portfolio Manager • General Manager • Associate Director and Portfolio • President • Head of Alternatives Investment Manager/Capital Markets • Principal Solutions/Corporate Finance • Associate/Senior Associate/Associate • Regional Associate Director • Head of Asia Pacific/Southeast Asia/ Managing Director China/Greater China Practice/North Asia • Regional Director • Business Consultant • Registered Foreign Lawyer/Foreign • Head of Financial Services Industry • Business Development & Marketing Consultant Services/ Client Services Manager/Director • Sales Associate • Head of Fund Formation & • Business Development Manager/ • Senior Account Director, Global Client Management/Fund administration Institutional sales Services • Head of Legal & Compliance • CEO, CFO, COO • Senior Associate, Research Analyst/ • Head of Marketing/Institutional sales/ • Chairman & Founder Strategy Real estate/Commercial Department • Chief Investment Officer/Strategist, • Head of Private Equity/Investor Relations/ • Senior Business Consultant Chief Strategy Officer • Senior Fund Manager Portfolio Management • Counsel • Senior Manager, Corporate Finance/Tax • Head of Restructuring • Director of Business development • Inestment Director/ Private Equity Director • Senior Vice President, Corporate/ • Director of Investor Relations/Legal Legal & Compliance • Investment Analyst Counsel • Senior Vice President/Vice President • Investment Director • Director of Marketing/Corporate • Venture Partner • Investor Relations Director Communications/Public Affairs • Vice President • Lawyer • Director, Corporate Finance • Vice President Business Development/ • Director,Fund Administration Services/Fund • Managing Director Asset Management • Managing Director Investor relations/ Management/Corporate Accounting Marketing/Client relations/Transaction • Director, Head of Asia Pacific Markets • Director, Operations/Client Development Advisory Services • Managing Partner • Founder/Founding Partner LP Summit Investment Summit 5 Registration Register online: avcjforum.com 5 reasons to attend Advisory and management consultancies that are looking at sourcing new business partnerships and expanding their network in Asia and overseas Government organisations who want to understand the recent changes regarding allocations to alternatives SCHEDULE OF EVENTS Investors interested in learning more about private equity as an asset class and also the sectors that have potential to deliver attractive returns Professional Services firms which provide intermediary services for investment Sponsors Senior private equity practitioners: This is a perfect platform to hear from leading LPs and GPs on the most pressing issues in global private equity AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Speakers 27th Annual FORUM Sponsors Limited partners Susan J. Carter Chief Executive Officer COMMONFUND CAPITAL, INC David Hong Partner GOPHER ASSET MANAGEMENT Juan Delgado-Moreira Managing Director, Investment Committee, Asia HAMILTON LANE Sebastiaan van den Berg Managing Director HARBOURVEST PARTNERS (ASIA) LIMITED Sally Shan Managing Director HARBOURVEST PARTNERS (ASIA) LIMITED D. Brooks Zug Senior Managing Director and Founder HARBOURVEST PARTNERS, LLC David G Pierce Managing Director and Head of Asia HQ CAPITAL Katja Salovaara Senior Portfolio Manager, Private Equity ILMARINEN MUTUAL PENSION INSURANCE COMPANY Kirk M. Beaton Partner LEXINGTON PARTNERS Marshall W. Parke Managing Partner LEXINGTON PARTNERS James D. C. Pitt Partner LEXINGTON PARTNERS Doug A. Coulter Partner LGT CAPITAL PARTNERS Ivan A. Vercoutere Managing Partner and CIO LGT Capital Partners Ltd. Brooke Zhou Executive Director – Asia Pacific, Private Equity LGT CAPITAL PARTNERS William Klippgen General Partner CLICKSTREAM VENTURES Jenny Zeng Managing Partner MAGIC STONE ALTERNATIVE INVESTMENTS David Chan Head of Asia MLC PRIVATE EQUITY Pamela Fung Principal MORGAN STANLEY ALTERNATIVE INVESTMENT PARTNERS Sherry Lin Managing Director MOUSSE PARTNERS Jacques Demers Global Head, Investment Partners & Partnerships OMERS Alex Wilmerding Principal PANTHEON Dan Farrell Chairman and CEO PRIVOS CAPITAL Serge Lépine Chief Executive Officer THE QATAR ABU DHABI INVESTMENT COMPANY (QADIC) Maninder Saluja Partner QUILVEST Josh Stern Senior Investment Officer ROBERT WOOD JOHNSON FOUNDATION Ally Zhang Managing Director SIGULER GUFF Roger Pim Managing Partner SL CAPITAL PARTNERS LLP Monte Brem Chief Executive Officer STEPSTONE GROUP Raju Ruparelia Senior Principal TEACHERS’ PRIVATE CAPITAL Jane Rowe Senior Vice President TEACHERS’ PRIVATE CAPITAL Kenyatta K. Matheny Senior Investment Officer TEACHERS’ RETIREMENT SYSTEM OF THE STATE OF ILLINOIS Jessica Archibald Managing Director TOP TIER CAPITAL PARTNERS, LLC Eric Marchand Vice President UNIGESTION 6 Registration Register online: avcjforum.com Investment Summit Jeremy Coller Executive Chairman and CIO COLLER CAPITAL LP Summit Xiangming Fang Managing Director CHINA RE ASSET MANAGEMENT COMPANY LTD VC Summit Linbo He Managing Director and Head of Private Equity Investment Department CHINA INVESTMENT CORPORATION PE Leaders’ Summit Thomas Kubr Executive Chairman CAPITAL DYNAMICS Speakers Alison Nankivell Vice President, Venture Capital Action Plan BUSINESS DEVELOPMENT BANK OF CANADA Who should attend? Jay Park Managing Director BLACKROCK PRIVATE EQUITY PARTNERS Forum at a glance Ernest Boles CEO AUDA INTERNATIONAL 5 reasons to attend Volkert Doeksen Co-founder ALPINVEST PARTNERS SCHEDULE OF EVENTS Guan Seng Khoo VP, Risk Management ALBERTA INVESTMENT MANAGEMENT CORPORATION AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Speakers 27th Annual FORUM Sponsors Senior industry professionals Genevieve Heng Director & Co-Founder ANTHEM ASIA LIMITED Cecile Belaman Managing Director BAIN CAPITAL John Connaughton Managing Director BAIN CAPITAL, LLC Dennis Montecillo President BPI CAPITAL CORPORATION Kathy Xu Founder & Managing Partner CAPITAL TODAY GROUP Alexandre Schmitz Partner, Head of Asia CAPSTONE PARTNERS Jason H. Lee Managing Director and Head of Asia Real Estate THE CARLYLE GROUP Stuart Schonberger Managing Director, Head of Investor Relations CDH INVESTMENTS Bo Feng Founder and Managing Partner CEYUAN VENTURES Joseph Skrzynski Co-Founding Partner CHAMP PRIVATE EQUITY Nathaniel Childres Managing Director CHAMP PRIVATE EQUITY Bill Ferris AC Executive Chairman CHAMP PRIVATE EQUITY GROUP Gaurav Ahuja Director CHRYSCAPITAL Yong Kai Wong Managing Director, Head of Legal & Compliance CITIC CAPITAL Yvonne Siew Director, Head of Asia Real Estate, Global Managed Investments CITI PRIVATE BANK Robert Petty Managing Partner and Co-Founder CLEARWATER CAPITAL PARTNERS Chris Churl-Min Lee Associate CLEARY GOTTLIEB STEEN & HAMILTON LLP Shubing Yuan Senior Attorney CLEARY GOTTLIEB STEEN & HAMILTON LLP Craig Dauchy Partner COOLEY LLP James Lu Senior Business Attorney COOLEY LLP Ian O’Donnell Partner COOLEY LLP Jordan Silber Partner COOLEY LLP Roy Kuan Managing Partner CVC CAPITAL PARTNERS Alvin Lam Senior Managing Director CVC CAPITAL PARTNERS David Carbon Chief Economist DBS BANK Warren Hirschhorn Vice Chairman DUFF & PHELPS, LLC Vijay Vaitheeswaran China Business and Finance Editor THE ECONOMIST Patricia M. Dinneen Senior Advisor EMERGING MARKETS PRIVATE EQUITY ASSOCIATION Dhanpal Jhaveri Partner and India CEO EVERSTONE CAPITAL Atul Kapur Co-Founder and Managing Partner EVERSTONE CAPITAL 7 Registration Register online: avcjforum.com Investment Summit David Chen Co-Founder ANGELVEST LP Summit Steven Cha Managing Director, Head of Korea & Japan Real Estate ANGELO, GORDON ASIA LIMITED VC Summit Scott Kupor Managing Partner ANDREESSEN HOROWITZ PE Leaders’ Summit Abhay Pande Managing Director, Asia AMERICAN CAPITAL ENERGY & INFRASTRUCTURE Speakers Oliver Stratton Co-heads ALVAREZ & MARSAL Who should attend? Frank Yu Founder, Chief Executive Office and Chief Investment Officer ALLY BRIDGE GROUP Forum at a glance Kok Yew Tang Chairman & Managing Partner AFFINITY EQUITY PARTNERS 5 reasons to attend Amit Kakar Partner & Co-Founder AEQUUS CAPITAL PARTNERS SCHEDULE OF EVENTS Richard Folsom Representative Partner ADVANTAGE PARTNERS, LLP AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Speakers 27th Annual FORUM Sponsors Senior industry professionals Sally Shan Managing Director HARBOURVEST PARTNERS (ASIA) LIMITED Paul Kang Senior Partner, Head of Southeast Asia HEADLAND CAPITAL PARTNERS Marcus Thompson Chief Executive Officer HEADLAND CAPITAL PARTNERS LIMITED Rahul Chandra Managing Director and Co-Founder HELION VENTURE PARTNERS Tun Lin Chief Economist and Executive Vice President HONY CAPITAL Bing Yuan Managing Director HONY CAPITAL Chris Heine Managing Director & Head of Asia Pacific ICG Akio Tanaka Co-founder and Managing partner INFINITY VENTURE PARTNERS Claudia Zeisberger Affiliate Professor of Decision Sciences, Entrepreneurship & Family Enterprise, Academic Director INSEAD Global Private Equity Initiative (GPEI), INSEAD Cian Cotter Principal INSIGHT VENTURE PARTNERS Gregory R Hara President & Representative Director J-STAR CO., LTD Tai Hui Managing Director, Chief Market Strategist, Asia J.P. MORGAN FUNDS David Raven Regional Director, Asia Pacific Capital Markets JONES LANG LASALLE LIMITED Amit Anand Co-Founder and Managing Partner JUNGLE VENTURES Jason Cheng Co-Founder & Managing Partner KEROGEN CAPITAL Steven Okun Director of Asia Pacific Public Affairs KKR Ming Lu Partner KKR ASIA LIMITED Jaka Prasetya Managing Director KKR SINGAPORE PTE LTD Wei Zhou Managing Partner KLEINER PERKINS CAUFIELD & BYERS Robert Ohrenstein Global Head of Private Equity and Sovereign Wealth Funds KPMG Andrew Thompson Partner and Head of Private Equity, South East Asia KPMG SINGAPORE Ken Chen Partner L.E.K. CONSULTING Ron Cao Managing Director LIGHTSPEED CHINA PARTNERS Pote Videt Managing Director LOMBARD INVESTMENTS YR Cheng Partner LUNAR CAPITAL MANAGEMENT Gordon Chin Director and Head of Legal and Risk LUNAR CAPITAL James Yoon Partner and Head of Korea MBK PARTNERS Yasheng Huang International Program Professor in Chinese Economy and Business and Professor of Global Economics and Management, MIT SLOAN SCHOOL OF MANAGEMENT Serge Allaire Senior Investor MLC Private Equity Register online: avcjforum.com 8 Registration Wanlin Liu Managing Director GOLDMAN SACHS (ASIA) L.L.C. Investment Summit Thomas Tsao Managing Partner GOBI PARTNERS LP Summit Shinichi Takamiya Partner, Chief Strategy Officer GLOBIS CAPITAL PARTNERS VC Summit Yoshito Hori President, GLOBIS UNIVERSITY Managing Partner, GLOBIS CAPITAL PARTNERS PE Leaders’ Summit Jixun Foo Managing Partner GGV CAPITAL Speakers Christina Gaw Managing Principal & Head of Capital Market GAW CAPITAL Who should attend? Gopal Jain Co-Founder and Managing Partner GAJA CAPITAL Forum at a glance Henry H. Wong Managing Director GARAGE TECHNOLOGY VENTURES 5 reasons to attend Jamie Paton Managing Director FIRST RESERVE SCHEDULE OF EVENTS Stefan Rust Co-founder & CEO EXICON GLOBAL AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Speakers 27th Annual FORUM Sponsors Senior industry professionals John Lin Managing Partner NDE CAPITAL Pratibha Jain Partner and Head of the Delhi Office NISHITH DESAI ASSOCIATES Ashish Shastry Managing Partner NORTHSTAR GROUP Shane Chesson Partner NORTHSTAR SILICON ISLAND David Shen Managing Director OLYMPUS CAITAL ASIA Gary Stead Managing Director OLYMPUS CAPITAL ASIA CREDIT James Pearson Chief Executive Officer PACIFIC RISK ADVISORS Weijian Shan Group Chairman & CEO PAG John E. (Jack) Lange Partner PAUL, WEISS, RIFKIND, WHARTON & GARRISON Nisa Leung Managing Partner QIMING VENTURE PARTNERS JP Gan Manager Partner QIMING VENTURE PARTNERS Ray Haarstick CEO & Founder RELEVANT EQUITY SYSTEMS, INC Charles Ong Co-Chairman and Co-CEO RRJ GROUP Peter Rioda Director SANNE FIDUCIARY SERVICES Bruno Bensaid Founder and Director, SHANGHAIVEST Director, ANGELVEST Lorna Xin Chen Partner SHEARMAN & STERLING Yesha Sivan Executive Director, Coller Institute of Venture TEL AVIV UNIVERSITY Kenneth Hao Managing Partner and Managing Director SILVER LAKE Frank Wang Partner TDF CAPITAL Guy Hands Chairman and Chief Investment Officer TERRA FIRMA CAPITAL PARTNERS Oliver Gottschalg Academic Dean TRIUM GLOBAL EMBA PROGRAM Valérie Mantot Director, Head of MENA SANNE Raymond Yang Co-founder and Managing Partner WESTSUMMIT CAPITAL Tatsuo Kawasaki Co-founder UNISON CAPITAL John Lewis Chief Executive Officer UNITAS CAPITAL Rui Ma Partner, Greater China 500 STARTUPS Investment Summit Darren Massara Managing Partner NEWQUEST CAPITAL PARTNERS LP Summit Rodney Muse Managing Partner NAVIS CAPITAL PARTNERS VC Summit Nicholas Bloy Co-Founder and Managing Partner NAVIS CAPITAL PARTNERS PE Leaders’ Summit Mounir Guen Chief Executive Officer MVISION Speakers Renuka Ramnath Founder, MD & CEO MULTIPLES ALTERNATE ASSET MANAGEMENT Who should attend? Jeremy Hunt Partner MORRISON & FOERSTER Forum at a glance Homer Sun CIO & Managing Director MORGAN STANLEY PRIVATE EQUITY ASIA 9 Registration For the latest programme visit: avcjforum.com Register online: avcjforum.com 5 reasons to attend Marcia Ellis Partner MORRISON & FOERSTER SCHEDULE OF EVENTS Richard Liu Managing Director MORNINGSIDE VENTURE CAPITAL Programme 27th Annual 2014 FORUM Cover AVCJ PRIVATE EQUITY & VENTURE PE Leaders’ Summit Tuesday, 11 November 2014 Registration and refreshments 8:50 Opening remarks 9:00 Economist briefing (Joint session with the Venture Capital and Limited Partners’ Summits) Sponsors 8:00 Tai Hui, Managing Director and Chief Market Strategist, Asia, J.P. MORGAN FUNDS Asian private equity in 2014 (Joint session with the Venture Capital and Limited Partners’ Summits) Who should attend? 10:30 Forum at a glance An upswing in exit activity and capital inflows into the region from LPs is creating a greater level of optimism across Asia compared with 12 months ago. As the market matures and the wider business community across Asia gains a better understanding of private equity, a next level of private equity investors is emerging. Funds can no longer rely on just market beta to boost their results and need to look at new ways to deliver value and increase returns. LPs also are becoming more sophisticated and look to allocate to the few true winners versus those who are struggling with returns. So what is the outlook for the industry, and how have both global and domestic developments this year impacted LP sentiment, valuations and deal flow and the expectations for the next vintage? • What is the outlook for Asian private equity for 2015? • Are Asian investors turning their heads back to home markets? • How are local and international regulations and political changes affecting the private equity landscape? • Did the exit market deliver this year? How are returns compared to Europe and the US? Moderated by: Marshall W Parke, Managing Partner, LEXINGTON PARTNERS Robert Petty, Managing Partner and Co-founder, CLEARWATER CAPITAL PARTNERS Yoshito Hori, President, GLOBIS UNIVERSITY; Managing Partner, GLOBIS CAPITAL PARTNERS Rodney Muse, Managing Partner, NAVIS CAPITAL PARTNERS David Shen, Managing Director, OLYMPUS CAPITAL ASIA Charles Ong, Co-chairman and Co-CEO, RRJ GROUP 5 reasons to attend SCHEDULE OF EVENTS 9:30 Networking coffee break 11:00 The evolving funds model Speakers As the industry matures, it is inevitable that PE firms will expand their offerings and review the traditional model to continue attracting LPs whose appetite for investments, fund types and duration, deal involvement and level of participation is changing. So how can firms continue to remain relevant and successfully reinvent their brand, increase and diversify their skill sets and offer a wider suite of services, asset types and terms to LPs? • How and why are firms progressively diversifying into real assets, debt and mezzanine finance, and secondaries, and has this now been accepted as an industry standard? • Is the required skill set changing for private equity professionals now that there is an emphasis on operational expertise and a departure into investments outside of the portfolio model? • How are funds of funds differentiating themselves from the competition? Are separate accounts growing in importance? • Can FOFs ensure that they stay relevant and continue to be a key component of the private equity ecosystem? Moderated by: Ray Haarstick, CEO and Founder, RELEVANT EQUITY SYSTEMS Stuart Schonberger, Managing Director, Head of Investor Relations, CDH INVESTMENTS Alex Wilmerding, Principal, PANTHEON Ally Zhang, Managing Director, SIGULER GUFF PE Leaders’ Summit 11:45 Fund formation, reporting and domicile issues VC Summit The systems and choices made when structuring and setting up a fund are fundamental when attracting investors. Where you choose to form your fund and how it is administered, along with the methods and tools you employ to track and report, are critical. So what are the latest trends and regulatory developments impacting the industry, and how are the experts working to find the best solutions for GPs? • How will the Alternative Investment Fund Managers Directive impact the ability of European investors to access Asian markets and Asian fund managers to market their funds? • How should you structure a fund in terms of selecting a domicile and providing provisions for co-investment, reduced fee and carry terms on a deal-by-deal basis, parallel funds and exit timing? • Which tracking methods or systems provide the richest fund performance data for daily decision-making and reporting? • Which tools can you use to review portfolio transactions and balances to ensure compliance with investment restrictions? Moderated by: Lorna Xin Chen, Partner, SHERMAN & STERLING Yong Kai Wong, Managing Director, Head of Legal & Compliance, CITIC CAPITAL Gordon Chin, Director and Head of Legal and Risk, LUNAR CAPITAL 12:30 Executive address (Joint session with the Venture Capital and Limited Partners’ Summits) LP Summit 13:00 Networking lunch 14:00 Due diligence and risk analysis Please note, the programme is subject to change. 10 Registration Register online: avcjforum.com Investment Summit In this informative session, a panel of experts will examine the complexities and realities of doing business across Asia and the processes and procedures that can be implemented to aid effective decision-making. What do you need to know to succeed in the region from a legal, accounting and due diligence perspective, and how do you get an accurate version of the truth when operating in an opaque business environment? • How can you safeguard against currency convertibility and transferability risk? • How do you identify corrupt business practice and the presence of corrupt government officials and regulators that can directly impact your ability to manage your business? • What processes can be used to employ contractual protection that are valid under local laws? • What systems can you employ to ensure you are vigilant in the monitoring of investments from a due diligence perspective? • How can you mitigate or avoid risk entirely through structural arrangements and specific deal terms? • Which tools do due diligence experts use to establish an accurate picture of finances, personnel history, tax history and projections of a potential investment and partner? Moderated by: Warren Hirschhorn, Vice Chairman, DUFF & PHELPS Alvin Lam, Senior Managing Director, CVC CAPITAL PARTNERS Andrew Thompson, Partner and Head of Private Equity, South-east Asia, KPMG SINGAPORE Ken Chen, Partner, L.E.K. CONSULTING AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Programme 27th Annual PE Leaders’ Summit FORUM Tuesday, 11 November 2014 Sponsors 14:45 Succession planning: Looking for the next generation of leaders Forum at a glance 15:30 Impact investing for private equity Who should attend? The interest surrounding impact investing has not yet translated into a substantial increase in the amount of capital deployed and exits realised. So how can PE funds align their interests with their investors who already have an appetite for high-risk, high-return investment and develop credible products, metrics and expertise in the field of impact investment to earn both a financial and a social return? • Does the private equity business model need to be modified to reflect the scale and rate of return when making an impact investment? • What examples exist of the private equity industry earning a market rate of return and significant social returns through impact investing? • Do the scale and execution issues related to impact investing mean it may only ever remain a niche activity in the private equity world? • What investments and markets are on the radar for GPs in the realm of impact investments? Moderated by: Chris Churl-Min Lee, Associate, CLEARY GOTTLIEB STEEN & HAMILTON Patricia M Dinneen, Senior Advisor, EMERGING MARKETS PRIVATE EQUITY ASSOCIATION Robert A. Kraybill, Managing Director, IMPACT INVESTMENT EXCHANGE ASIA Steven R Okun, Director of Asia-Pacific Public Affairs, KKR SINGAPORE 16:15 5 reasons to attend SCHEDULE OF EVENTS As many of the founders of the world’s leading PE firms reach an age of retirement, who takes up the reins and where they are sourced is critical to ensure continuing investor confidence. Be it a high-profile hire or a star performer who has risen through the ranks, it is imperative that funds plan and manage this very public process. What are PE funds doing to ensure they have the right succession plan, and how can they prepare for staffing changes so they are viewed as an undisruptive and positive transformation by the industry, investors and media? • Is there a significant talent pool in place below the founders to lead the GP to the next stage? • Is it wise to communicate future staff changes to your LPs when fundraising? • What have the top GPs done to keep their leadership team in place, and do they have a a staffing strategy? • What incentives, partnerships, and promotions and career paths can you develop to attract future industry leaders to your firm? Moderated by: Lorna Xin Chen, Partner, SHEARMAN & STERLING Thomas Kubr, Executive Chairman, CAPITAL DYNAMICS Bill Ferris AC, Executive Chairman, CHAMP PRIVATE EQUITY Roger Pim, Managing Partner, SL CAPITAL PARTNERS Networking coffee break 16:30 Venture capital: Out of the freezer (Joint session with the Venture Capital and Limited Partners’ Summits) Speakers Venture capital is back with a bang. Global consumer trends and advancements in technologies and services that have a worldwide reach are attracting investors to the asset class and providing the potential for mega returns. Fundraising is strong and optimism high. Venture is also featuring highly on governments’ agendas in Asia, with a number of government-backed initiatives. But what has changed with both the approach of VC funds and the external forces that drive opportunity, and how can we create a sustainable and steady VC industry? • What are the contributing factors that have seen resurgence in interest and activity for VC? • How can Singapore, Hong Kong and Beijing emulate the culture of Silicon Valley and create a hub for start-ups? • What types of methods, size of multiples and scale of activity are predicted over the next 12 months for exits? • What are industry experts’ predictions for the next tech innovation for Internet and mobile? Moderated by: Craig E Dauchy, Partner, COOLEY Kathy Xu, Founder and Managing Partner, CAPITAL TODAY GROUP Bo Feng, Founder and Managing Partner, CEYUAN VENTURES Jixun Foo, Managing Partner, GGV CAPITAL Shinichi Takamiya, Partner and Chief Strategy Officer, GLOBIS CAPITAL PARTNERS Raymond Yang, Co-founder and Managing Partner, WESTSUMMIT CAPITAL PE Leaders’ Summit 17:15 The development of the Asian LP: Global and domestic LPs share their views on private equity in Asia (Joint session with the Venture Capital and Limited Partners’ Summits) VC Summit Asian LPs have emerged as dominant players in the private equity space. With large pools of capital and defined mandates to invest, they have helped to change the LP base and are high priority for GPs looking to fundraise. They are also increasingly looking back to Asia to make allocations, further strengthening the region’s attractiveness. In fact, many LPs are developing a local presence, but what does this mean for international LPs who don’t have teams on the ground but who have historically been big allocators to the region? • How have domestic and global LPs’ local offices driven the direct and co-investment theme? • Do larger LPs with bigger mandates receive more favourable terms? • Does a lack of quality managers discourage LPs with allocations to make from investing in Asia? • How do multi-strategy funds potentially create a misalignment of interests for LPs? Moderated by: Monte Brem, Chief Executive Officer, STEPSTONE GROUP Xiangming Fang, Managing Director, CHINA RE ASSET MANAGEMENT COMPANY Susan J Carter, Chief Executive Officer, COMMONFUND CAPITAL Kenyatta K Matheny, Senior Investment Officer, TEACHERS’ RETIREMENT SYSTEM OF THE STATE OF ILLINOIS LP Summit 18:00 Close of summit Sponsor 18:15 Register online: avcjforum.com Women in PE Supporting Partners Please note, the programme is subject to change. 11 Registration SPECIALIST 17:00 - 18:30 Women in Private Equity EVENT Tuesday, 11 November Investment Summit INVITATION ONLY Cocktail reception Programme 27th Annual 2014 FORUM Cover AVCJ PRIVATE EQUITY & VENTURE Venture Capital Summit Registration and refreshments 8:50 Opening remarks 9:00 Economist briefing (Joint session with the PE Leaders’ and Limited Partners’ Summits) Sponsors 8:00 Tuesday, 11 November 2014 Tai Hui, Managing Director and Chief Market Strategist, Asia, J.P. MORGAN FUNDS Asian private equity in 2014 (Joint session with the PE Leaders’ and Limited Partners’ Summits) Networking coffee break Who should attend? 10:30 Forum at a glance An upswing in exit activity and capital inflows into the region from LPs is creating a greater level of optimism across Asia compared with 12 months ago. As the market matures and the wider business community across Asia gains a better understanding of private equity, a next level of private equity investors is emerging. Funds can no longer rely on just market beta to boost their results and need to look at new ways to deliver value and increase returns. LPs also are becoming more sophisticated and look to allocate to the few true winners versus those who are struggling with returns. So what is the outlook for the industry, and how have both global and domestic developments this year impacted LP sentiment, valuations and deal flow and the expectations for the next vintage? • What is the outlook for Asian private equity for 2015? • Are Asian investors turning their heads back to home markets? • How are local and international regulations and political changes affecting the private equity landscape? • Did the exit market deliver this year? How are returns compared to Europe and the US? Moderated by: Marshall W Parke, Managing Partner, LEXINGTON PARTNERS Robert Petty, Managing Partner and Co-founder, CLEARWATER CAPITAL PARTNERS Yoshito Hori, President, GLOBIS UNIVERSITY; Managing Partner, GLOBIS CAPITAL PARTNERS Rodney Muse, Managing Partner, NAVIS CAPITAL PARTNERS David Shen, Managing Director, OLYMPUS CAPITAL ASIA Charles Ong, Co-chairman and Co-CEO, RRJ GROUP 11:00 The return to prosperity: How VC came out of the cold Speakers In recent years VC investing has fallen out of favour, with a lack of strong exits and investments in successful portfolio companies subduing LP appetite. However, the industry is enjoying a resurgence of interest across industries such as healthcare, education and tech. What new models are VCs employing and how do they differ from the past models that failed to catch fire? • How do the public markets affect venture today? If the IPO window closes, are we in trouble? • Is the pace of innovation matching technology advancements in the areas of IT, mobile, social media, wearable devices and the Internet of Things, creating a myriad of opportunities for VC? • Besides Internet and mobile, which other sectors are providing venture with attractive investment opportunities-healthcare, energy and utilities, electronics, life sciences? • How are Asian cities attempting to recreate the Silicon Valley start-up model, and what role does government play in becoming a tech hub? Moderated by: Jordan Silber, Partner, COOLEY Thomas Tsao, Managing Partner, GOBI PARTNERS Amit Anand, Co-founder and Managing Partner, JUNGLE VENTURES JP Gan, Manager Partner, QIMING VENTURE PARTNERS Frank Wang, Partner, TDF CAPITAL PE Leaders’ Summit 11:45 The explosion of VC funding for mobile and technology companies VC Summit Funding from venture capital firms to companies in the mobile industry has never been higher. VC investment in mobile topped USD1bn for the first time ever in a single quarter for both the third and fourth quarters of 2013, and total VC funding to mobile reached over USD3.5bn for the year. Companies that engage in well-known mobile applications like gaming and photography are still thriving but less ubiquitous application categories like mobile payments, location-based services and travel have all caught the eyes of investors. A panel of avid investors will debate the future trends in the tech space and how VC can be at the forefront of the industry. • From gaming and photography to mobile payments and location-based services, how and where can VCs find the companies in a sea of start-ups that will have the edge to succeed? • What type of services and applications will the world need in the future that will capture a global user base? • With VC investment in mobile reaching an all-time high and investors piling on cash to companies that are yet to turn a profit, is there a danger of false expectations creating a bubble? • Which markets provide the greatest potential in terms of technology consumer demand for VCs to exploit? • How are technology companies addressing the combative issue of data security? Moderated by: James Lu, Senior Business Attorney, COOLEY Rahul Chandra, Managing Director and Co-founder, HELION VENTURE PARTNERS Akio Tanaka, Co-founder & Managing Partner, INFINITY VENTURE PARTNERS Richard Liu, Managing Director, MORNINGSIDE VENTURE CAPITAL LP Summit 12:30 Executive address (Joint session with the PE Leaders’ and Limited Partners’ Summits) 13:00 Networking lunch 14:00 Finding entrepreneurs that will define the next era of innovation 12 Registration Please note, the programme is subject to change. Investment Summit Sourcing business founders with fantastic ideas that are scalable and commercial is challenging. VC’s have to search through a myriad of ideas and often battle with their competitors to strike a deal and invest during the early stage. So how do seasoned venture capitalists source and predict technologies that will align with consumer behaviours in the future and become the next Facebook or Alibaba, and what hubs outside of Silicon Valley are currently viewed as the regions for innovation? • Do you need to diversify and employ a broader approach to investible industries to match the markets and cultures you are targeting? • Are high seed-stage valuations making it difficult for start-ups to raise Series A? Are valuations unduly inflated? • In spite of soaring valuations, are we likely to avoid another crash because of the larger global opportunity that now exists for cloud computing, mobile tech and the Internet? • How are corporate VCs accelerating growth through early-stage investments that align with their core business? • How have accelerators, incubators, cluster groups and government initiatives in Asia helped to develop a community of start-ups and entrepreneurs? Moderated by: Denis Tse, Head of Asia, Private Investments, LOCKHEED MARTIN INVESTMENT MANAGEMENT COMPANY Henry Nguyen, Managing General Partner, IDG VENTURES VIETNAM Hian Goh, Founding Partner, SILICON ISLAND Yesha Sivan, Executive Director, Coller Institute of Venture, TEL AVIV UNIVERSITY Register online: avcjforum.com 5 reasons to attend SCHEDULE OF EVENTS 9:30 AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Programme 27th Annual Venture Capital Summit FORUM Tuesday, 11 November 2014 Sponsors 14:45 The emergence of the super angel investor in Asia Forum at a glance 15:30 Money talks: The LPs’ view of VC investing in Asia and beyond Who should attend? In this session a panel of international institutional investors discuss the VC industry and share with the audience their experiences and future ambitions as investors in the asset class. How do LPs view Asia as a destination in comparison with the US, Europe and other emerging markets, and are high-profile tech acquisitions like WhatsApp and the Alibaba IPO influencing their outlook? Also, as recent successful fundraises by VC firms in the region suggest, is now an opportune time to visit LPs and start fundraising? • What are the realised and expected returns that LPs are expecting (and hoping) from VC? • Where in the region to LPs feel comfortable with investment? Which markets do they currently deem too risky? • What effects are macroeconomic conditions having on the VC industry in China, and are they a cause for concern for LPs considering making commitments? • What funds have delivered stand-out returns in Asia and are viewed by LPs as best in class? Moderated by: Ian O’Donnell, Partner, COOLEY Alison Nankivell, Vice-president, Venture Capital Action Plan, BUSINESS DEVELOPMENT BANK OF CANADA David Chan, Head of Asia, MLC PRIVATE EQUITY Jessica Archibald, Managing Director, TOP TIER CAPITAL PARTNERS, LLC 16:15 5 reasons to attend SCHEDULE OF EVENTS The birth of a new wave of angel investors is providing early-stage start-ups with a funding alternative. Many of the old-line VC firms are focused on late-stage growth capital, so angels are providing seed capital and expertise to develop good ideas into great businesses, while accepting a higher risk, with the hope of a higher return. How are super angel investors reinventing the start-up economy, and are we seeing in Asia a recreation of the Silicon Valley model, where the entrepreneurs behind the first generation of start-ups began backing the next generation, creating a self-sustaining ecosystem? • Are super angels getting first refusal on the best new ideas because they are less demanding of entrepreneurs than VCs and because of the magnetic effect their participation has on other investors? • What super angel groups or networks exist in Asia? • Has the disruptive nature of super angels caused friction with VC firms as they compete for deals? • Why are established and renowned venture capitalists choosing to raise new money in a super angel fund? Moderated by: Henry H. Wong, Managing Director, GARAGE TECHNOLOGY VENTURES Rui Ma, Partner, Greater China, 500 STARTUPS David Chen, Co-founder, ANGELVEST Stefan Rust, Co-founder & CEO, EXICON GLOBAL Bruno Bensaid, Founder and Director, SHANGHAIVEST; Director, ANGELVEST Networking coffee break Speakers 16:30 Venture capital: Out the freezer (Joint session with the PE Leaders’ and Limited Partners’ Summits) PE Leaders’ Summit Venture capital is back with a bang. Global consumer trends and advancements in technologies and services that have a worldwide reach are attracting investors to the asset class and providing the potential for mega returns. Fundraising is strong and optimism high. Venture is also featuring highly on governments’ agendas in Asia, with a number of government-backed initiatives. But what has changed with both the approach of VC funds and the external forces that drive opportunity, and how can we create a sustainable and steady VC industry? • What are the contributing factors that have seen resurgence in interest and activity for VC? • How can Singapore, Hong Kong and Beijing emulate the culture of Silicon Valley and create a hub for start-ups? • What types of methods, size of multiples and scale of activity are predicted over the next 12 months for exits? • What are industry experts’ predictions for the next tech innovation for Internet and mobile? Moderated by: Craig E Dauchy, Partner, COOLEY Kathy Xu, Founder and Managing Partner, CAPITAL TODAY GROUP Bo Feng, Founder and Managing Partner, CEYUAN VENTURES Jixun Foo, Managing Partner, GGV CAPITAL Shinichi Takamiya, Partner and Chief Strategy Officer, GLOBIS CAPITAL PARTNERS Raymond Yang, Co-founder and Managing Partner, WESTSUMMIT CAPITAL VC Summit 17:15 The development of the Asian LP: Global and domestic LPs share their views on private equity in Asia (Joint session with the PE Leaders’ and Limited Partners’ Summits) LP Summit Asian LPs have emerged as dominant players in the private equity space. With large pools of capital and defined mandates to invest, they have helped to change the LP base and are high priority for GPs looking to fundraise. They are also increasingly looking back to Asia to make allocations, further strengthening the region’s attractiveness. In fact, many LPs are developing a local presence, but what does this mean for international LPs who don’t have teams on the ground but who have historically been big allocators to the region? • How have domestic and global LPs’ local offices driven the direct and co-investment theme? • Do larger LPs with bigger mandates receive more favourable terms? • Does a lack of quality managers discourage LPs with allocations to make from investing in Asia? • How do multi-strategy funds potentially create a misalignment of interests for LPs? Moderated by: Monte Brem, Chief Executive Officer, STEPSTONE GROUP Xiangming Fang, Managing Director, CHINA RE ASSET MANAGEMENT COMPANY Susan J Carter, Chief Executive Officer, COMMONFUND CAPITAL Kenyatta K Matheny, Senior Investment Officer, TEACHERS’ RETIREMENT SYSTEM OF THE STATE OF ILLINOIS Investment Summit 18:00 Close of summit Sponsor 18:15 SPECIALIST 17:00 - 18:30 Women in Private Equity EVENT Tuesday, 11 November Register online: avcjforum.com Women in PE Supporting Partners Please note, the programme is subject to change. 13 Registration INVITATION ONLY Cocktail reception Programme 27th Annual 2014 FORUM Cover AVCJ PRIVATE EQUITY & VENTURE Limited Partners’ Summit Registration and refreshments 8:50 Opening remarks 9:00 Economist briefing (Joint session with the PE Leaders’ and Venture Capital Summits) Sponsors 8:00 Tuesday, 11 November 2014 Tai Hui, Managing Director and Chief Market Strategist, Asia, J.P. MORGAN FUNDS Asian private equity in 2014 (Joint session with the PE Leaders’ and Venture Capital Summits) Who should attend? 10:30 Forum at a glance An upswing in exit activity and capital inflows into the region from LPs is creating a greater level of optimism across Asia compared with 12 months ago. As the market matures and the wider business community across Asia gains a better understanding of private equity, a next level of private equity investors is emerging. Funds can no longer rely on just market beta to boost their results and need to look at new ways to deliver value and increase returns. LPs also are becoming more sophisticated and look to allocate to the few true winners versus those who are struggling with returns. So what is the outlook for the industry, and how have both global and domestic developments this year impacted LP sentiment, valuations and deal flow and the expectations for the next vintage? • What is the outlook for Asian private equity for 2015? • Are Asian investors turning their heads back to home markets? • How are local and international regulations and political changes affecting the private equity landscape? • Did the exit market deliver this year? How are returns compared to Europe and the US? Moderated by: Marshall W Parke, Managing Partner, LEXINGTON PARTNERS Robert Petty, Managing Partner and Co-founder, CLEARWATER CAPITAL PARTNERS Yoshito Hori, President, GLOBIS UNIVERSITY; Managing Partner, GLOBIS CAPITAL PARTNERS Rodney Muse, Managing Partner, NAVIS CAPITAL PARTNERS David Shen, Managing Director, OLYMPUS CAPITAL ASIA Charles Ong, Co-chairman and Co-CEO, RRJ GROUP Networking coffee break 11:00 Why Asia still matters Speakers While growth in Asia has slowed, GDP growth is still high compared to its Western counterparts. China will continue to remain one of the biggest global players in the future and will always have a place in investors’ portfolios. South-east Asia also remains strong; with a burgeoning middle class, the consumer markets will continue to flourish. What is clear is that Asia needs to be a carefully thought out plan with allocations in the right sectors in the right funds. • Why should Asia be part of a diversified global portfolio? • Which markets and sectors are still attractive for investors: healthcare, education, agriculture? • If you get into the right funds with the right deals, does Asia deliver? • How has the evolving role of the fund of fund created opportunities for investors? Moderated by: Mounir Guen, Chief Executive Officer, MVISION Faiz Mayalakkara, Director, Private Equity, EMIRATES INVESTMENT AUTHORITY David G Pierce, Managing Director and Head of Asia, HQ CAPITAL Pamela Fung, Principal, MORGAN STANLEY ALTERNATIVE INVESTMENT PARTNERS Sherry Lin, Managing Director, MOUSSE PARTNERS PE Leaders’ Summit 11:45 Fireside chat: The development of the LP VC Summit Claudia Zeisberger, Affiliate Professor of Decision Sciences, Entrepreneurship and Family Enterprise; Academic Director, Global Private Equity Initiative, INSEAD Jane Rowe, Senior Vice-president, TEACHERS’ PRIVATE CAPITAL 12:30 Executive address (Joint session with the PE Leaders’ and Venture Capital Summits) 13:00 Networking lunch 14:00 Portfolio management in Asia: Strategies and solutions LP Summit Accurate portfolio management is always the key when looking at your private equity allocations, and no more so than in Asia when many international LPs don’t have teams on the ground and must rely on intermediaries’ information and limited personal contact. The key to success is taking your time and conducting proper and accurate due diligence. The challenge remains in seeing the longer-term picture when investments are slower to deliver. • Which is the best allocation strategy in Asia when the hot markets are so fickle? • Is this the year for real numbers for LPs, and what tough questions should they be asking? • How do you find quality managers in Asia? What is most important: track record, team structure, other factors? • How is private equity stacking up against other asset classes? Moderated by: Katja Salovaara, Senior Portfolio Manager, Private Equity, ILMARINEN MUTUAL PENSION INSURANCE COMPANY Guan Seng Khoo, Vice-president, Risk Management, ALBERTA INVESTMENT MANAGEMENT CORPORATION Serge Allaire, Senior Investor, MLC PRIVATE EQUITY Maninder Saluja, Partner, QUILVEST Investment Summit 14:45 Presentation: Asia’s secondary market update Kirk M Beaton, Partner, LEXINGTON PARTNERS Please note, the programme is subject to change. 14 Registration Register online: avcjforum.com 5 reasons to attend SCHEDULE OF EVENTS 9:30 AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Programme 27th Annual Limited Partners’ Summit FORUM Tuesday, 11 November 2014 Sponsors 15:15 Making co-investment work Networking coffee break Forum at a glance 16:30 Venture capital: Out the freezer (Joint session with the PE Leaders’ and Venture Capital Summits) Who should attend? Venture capital is back with a bang. Global consumer trends and advancements in technologies and services that have a worldwide reach are attracting investors to the asset class and providing the potential for mega returns. Fundraising is strong and optimism high. Venture is also featuring highly on governments’ agendas in Asia, with a number of government-backed initiatives. But what has changed with both the approach of VC funds and the external forces that drive opportunity, and how can we create a sustainable and steady VC industry? • What are the contributing factors that have seen resurgence in interest and activity for VC? • How can Singapore, Hong Kong and Beijing emulate the culture of Silicon Valley and create a hub for start-ups? • What types of methods, size of multiples and scale of activity are predicted over the next 12 months for exits? • What are industry experts’ predictions for the next tech innovation for Internet and mobile? Moderated by: Craig E Dauchy, Partner, COOLEY Kathy Xu, Founder and Managing Partner, CAPITAL TODAY GROUP Bo Feng, Founder and Managing Partner, CEYUAN VENTURES Jixun Foo, Managing Partner, GGV CAPITAL Shinichi Takamiya, Partner and Chief Strategy Officer, GLOBIS CAPITAL PARTNERS Raymond Yang, Co-founder and Managing Partner, WESTSUMMIT CAPITAL Speakers 17:15 The development of the Asian LP: Global and domestic LPs share their views on private equity in Asia (Joint session with the PE Leaders’ and Venture Capital Summits) PE Leaders’ Summit Asian LPs have emerged as dominant players in the private equity space. With large pools of capital and defined mandates to invest, they have helped to change the LP base and are high priority for GPs looking to fundraise. They are also increasingly looking back to Asia to make allocations, further strengthening the region’s attractiveness. In fact, many LPs are developing a local presence, but what does this mean for international LPs who don’t have teams on the ground but who have historically been big allocators to the region? • How have domestic and global LPs’ local offices driven the direct and co-investment theme? • Do larger LPs with bigger mandates receive more favourable terms? • Does a lack of quality managers discourage LPs with allocations to make from investing in Asia? • How do multi-strategy funds potentially create a misalignment of interests for LPs? Moderated by: Monte Brem, Chief Executive Officer, STEPSTONE GROUP Xiangming Fang, Managing Director, CHINA RE ASSET MANAGEMENT COMPANY Susan J Carter, Chief Executive Officer, COMMONFUND CAPITAL Kenyatta K Matheny, Senior Investment Officer, TEACHERS’ RETIREMENT SYSTEM OF THE STATE OF ILLINOIS VC Summit 18:00 Close of summit Sponsor 18:15 5 reasons to attend 16:00 SCHEDULE OF EVENTS Co-investment is the buzzword in the LP world. As LPs continue to become more sophisticated, more and more consider a coinvestment deal to be more attractive and more transparent. However, the jury is still out on whether these deals actually increase returns, strengthen relationships and reduce costs. • What factor is most appealing in co-investment: mitigating the J curve, reducing fees, increasing returns or managing portfolio risk? • Do co-investments really enhance GP relationships? • Do LPs get the best deals from GPs in co-investments? • What resources and capabilities are needed to undertake a successful co-investment programme? Moderated by: Alexandre Schmitz, Partner, Head of Asia, CAPSTONE PARTNERS Jenny Zeng, Managing Partner, MAGIC STONE ALTERNATIVE INVESTMENTS Raju Ruparelia, Senior Principal, TEACHERS’ PRIVATE CAPITAL Eric Marchand, Vice-president, UNIGESTION Cocktail reception LP Summit Register online: avcjforum.com Women in PE Supporting Partners Please note, the programme is subject to change. 15 Registration SPECIALIST 17:00 - 18:30 Women in Private Equity EVENT Tuesday, 11 November Investment Summit INVITATION ONLY Programme 27th Annual 2014 FORUM 8:00 Registration and refreshments 8:50 Opening remarks 9:00 Economist briefing Investment Summit Wednesday, 12 November 2014 Sponsors DAY 1 Cover AVCJ PRIVATE EQUITY & VENTURE David Carbon, Chief Economist, DBS BANK Keynote panel: The evolution of private equity globally Forum at a glance As with any mature market, private equity evolvement has led to a tiered system of the haves and the have-nots; at the top are those who continue to raise funds and have strong exits with good returns. While the bigger funds have evolved to service many platforms, there is also something to be said for the funds that have concentrated on a niche strategy executed well. As they become more sophisticated, LPs consider the issue of manager selection to be more crucial than ever. • How has the LP base changed, and where do the big commitments to private equity come from now? • What skill set do you need to run a global private equity platform? • Do multiplatform fund managers create a misalignment of interests for LPs? • What capabilities do top-performing funds need to set them apart from their peers? Moderated by: Jeremy Coller, Executive Chairman and CIO, COLLER CAPITAL Ernest Boles, CEO, AUDA INTERNATIONAL Ming Lu, Partner, KKR ASIA Robert Ohrenstein, Global Head of Private Equity and Sovereign Wealth Funds, KPMG Guy Hands, Chairman and Chief Investment Officer, TERRA FIRMA CAPITAL PARTNERS 10:20 Keynote panel: Building private equity in Asia and beyond for the long term Who should attend? The Asian private equity industry is in a stage of transformation as it evolves into a maturing market. With maturity comes the survival of the fittest, who continue to raise funds, select great deals and achieve superior returns. Our private equity leaders discuss Asia’s place in a global context: why Asia should sit firmly in LPs’ portfolios now and in the future, and how to build a sustainable platform for private equity in Asia. • Why should Asia be part of a global LP’s portfolio? • Has Asian private equity delivered? Have the return drivers changed? • What does sustainability for PE in Europe and North America mean for Asia? • How do GPs and LPs see the private equity model changing? Does this affect your investment strategy in Asia? Moderated by: John E. (Jack) Lange, Partner, PAUL, WEISS, RIFKIND, WHARTON & GARRISON Kok Yew Tang, Chairman and Managing Partner, AFFINITY EQUITY PARTNERS Marcus Thompson, Chief Executive Officer, HEADLAND CAPITAL PARTNERS Weijian Shan, Group Chairman and CEO, PAG John Lewis, Chief Executive Officer, UNITAS CAPITAL Speakers 11:10 5 reasons to attend SCHEDULE OF EVENTS 9:30 Networking coffee break 11:30 Track 1: Re-igniting the fire in China’s private equity market PE Leaders’ Summit China has entered a new cycle as its private equity market evolves. While the exit market stalled the market consolidated, fundraising was tougher and valuations came down. To counteract these developments, value-creation strategies became more prevalent in portfolio companies and domestic firms were forced to become more sophisticated. Investors have also realised that Chinese private equity needs to be viewed as long-term investing and not short-term speculation. • What is the reality of investing in a new China? • Did the potential re-opening of the IPO market materialise expected returns, and what is the impact of Chinese firms listing abroad? • Have new LPs such as insurance companies really had an impact on the landscape? • How is the evolution and reform of the financial services sector creating opportunities for private equity? Moderated by: Marcia Ellis, Partner, MORRISON & FOERSTER Tun Lin, Chief Economist and Executive Vice-president, HONY CAPITAL YR Cheng, Partner, LUNAR CAPITAL MANAGEMENT VC Summit Track 2: The year of power and energy LP Summit Driven by economic and industrial development and higher living standards, Asia’s energy demands are set to increase year on year. The Asian Development Bank estimates that Asia will need investment of USD11.7trn in the energy sector between 2010 and 2035. The opportunities for private equity are vast and firms are presented with an irresistible opportunity. However valuations are high and high profile failure of some big deals means investors remain cautious. • Are power and utilities the best investments in Asia? • Is private equity playing its biggest role in deregulated areas such as natural gas? • Where should renewable energy fit into the picture? Is it just a fad? • How can private equity ferret out the rich pockets of opportunity in the oil and gas sector? Moderated by: Jay Park, Managing Director, BLACKROCK PRIVATE EQUITY PARTNERS Abhay Pande, Managing Director, Asia, AMERICAN CAPITAL ENERGY & INFRASTRUCTURE Jamie Paton, Managing Director, FIRST RESERVE Jason Cheng, Co-founder and Managing Partner, KEROGEN CAPITAL 12:15 Keynote address John Connaughton, Managing Director, BAIN CAPITAL Investment Summit 12:45 Networking lunch 13:45 Fireside chat Register online: avcjforum.com Please note, the programme is subject to change. 16 Registration This executive interview will explore the evolving roles within the private equity landscape, discuss the cyclical nature of private equity and venture capital, provide an update on the impact of regulatory changes and finally provide a glimpse into the future. Interviewer: Joseph Skrzynski, Founding Partner, CHAMP PRIVATE EQUITY Interviewees: Volkert Doeksen, Co-founder, ALPINVEST PARTNERS D Brooks Zug, Senior Managing Director and Founder, HARBOURVEST PARTNERS AVCJ PRIVATE EQUITY & VENTURE 2014 Cover Programme 27th Annual Investment Summit FORUM Wednesday, 12 November 2014 Sponsors DAY 1 14:25 Track 1: North Asia: How it will live up to the hype? Track 2: Opportunities in private debt Forum at a glance Increased corporate debt, slowed growth, overexpansion and mismanagement have added pressure to Asian company balance sheets and forced a number of companies to become distressed. This situation has led to a number of opportunities for private equity to step in to fix financials and improve performance. A panel of distressed experts will discuss this trend. • As global GPs establish debt funds, will this trend expand to Asia-Pacific GPs? • Where does private debt fit in an LP’s allocation strategy, and are these allocations increasing? • Are there sufficient mezzanine and distressed-debt opportunities in Asia to make it attractive for LPs, or will they continue to look to the US and Europe? • Will private debt remain a niche business, or become more accessible? Which regions and countries are most attractive? Moderated by: Josh Stern, Senior Investment Officer, ROBERT WOOD JOHNSON FOUNDATION Chris Heine, Managing Director and Head of Asia-Pacific, ICG Jaka Prasetya, Managing Director, KKR SINGAPORE Gary Stead, Managing Director, OLYMPUS CAPITAL ASIA CREDIT Who should attend? Focused work group: Private equity and family offices Dan Farrell, Chairman and CEO, PRIVOS CAPITAL 15:15 Networking coffee break 15:45 Investor selector: What do LPs look for in a GP when deciding where to commit their money? Back for its second year, this hugely popular session returns with three new GPs all hoping to be chosen by our secret LP. Moderated by: Doug A Coulter, Partner, LGT CAPITAL PARTNERS Speakers 16:35 Track 1: Southeast Asia: Sustaining momentum and seeking growth PE Leaders’ Summit Southeast Asia remains one of the most promising regions in Asia and continues to draw interest from the global community. The fundamentals remain strong, with a burgeoning middle class and huge consumer demand. However, with political uncertainty and currency issues, opportunities remain opportunistic and returns slow. A panel of experts discuss how the dynamics are changing, how they see the ASEAN region developing and where you have to position yourself to take advantage of these opportunities. • Why does the country versus regional debate still rage? Is this even more prevalent in Southeast Asia? • How have currency issues increased investor appetite? • Is it best to take an opportunistic approach when looking at Southeast Asia? • As the shine has dulled on Indonesia, where is the next exciting investment destination? Moderated by: Juan Delgado-Moreira, Managing Director, Investment Committee, Asia, HAMILTON LANE Nathaniel Childres, Managing Director, CHAMP PRIVATE EQUITY Paul Kang, Senior Partner, Head of South-east Asia, HEADLAND CAPITAL PARTNERS Nicholas Bloy, Co-founder and Managing Partner, NAVIS CAPITAL PARTNERS Ashish Shastry, Managing Partner, NORTHSTAR GROUP Track 2: Hot sector drill-down: Healthcare VC Summit Healthcare continues to be a highlight for the private equity industry. This is especially true in Asia, with its unmet healthcare needs. An ageing and more affluent population coupled with increased incidences of disease present numerous investment opportunities. China, with its healthcare reforms, is one of the regions attracting the most interest, coupled with India. Private equity investors have scope to shape the healthcare landscape of the future. Moderated by: Amit Kakar, Partner and Co-founder, AEQUUS CAPITAL PARTNERS Frank Yu, Founder, Chief Executive Office and Chief Investment Officer, ALLY BRIDGE GROUP Wanlin Liu, Managing Director, GOLDMAN SACHS (ASIA) Nisa Leung, Managing Partner, QIMING VENTURE PARTNERS 17:20 The evolution of the alternatives LP LP Summit Alternatives continue to be an attractive diversification strategy for LPs, and private equity allocations continue to grow. Pension funds, sovereign wealth funds and endowments are left with numerous choices, including private equity fund of funds and the gatekeeper model. However, many LPs are no longer happy to be mere asset allocators, and many look for co-investment deals and direct investment opportunities. With any shift in the playing field, this changing model raises many questions around capabilities skill sets, competition and relationships. • Why do alternatives continue to remain attractive, and why do allocations to private equity continue to increase? • How is “shadow capital” controlled by big institutional investors flaming competition for deals? • As the line between LPs and GPs blurs, is there better co-operation and enhanced relationships, and in return better investments and higher returns? • With more discussion around direct investments, do many LPs have the operating capabilities to go direct? Moderated by: Mounir Guen, Chief Executive Officer, MVISION James D C Pitt, Partner, LEXINGTON PARTNERS Ivan A. Vercoutere, Managing Partner and CIO, LGT CAPITAL PARTNERS Jacques Demers, Global Head, Investment Partners and Partnerships, OMERS Serge Lépine, Chief Executive Officer, QATAR ABU DHABI INVESTMENT COMPANY Investment Summit 18:10 Closing remarks Sponsor 18:15 Gala cocktail reception Sponsor NETWORKING LOUNGE available on a complimentary basis from Register online: avcjforum.com Networking lounge 8.00am to 16.00pm on 12-13 November Please note, the programme is subjectLevel to change. 5, Boardroom 17 Registration 19:00 Gala dinner Keynote dinner speaker 5 reasons to attend SCHEDULE OF EVENTS After a strong year for exits and a number of regulatory changes, Japanese private equity is seeing a revival. Private equity is perfectly placed to help Japanese companies looking for growth outside of Japan due to a competitive local market and also for corporate divestment. However, a tough fundraising climate has led a number of funds to close short of their hard caps. South Korea continues to remain attractive as the sheen wears off of other parts of Asia. Domestic firms continue to thrive with successful fundraising, growing sophistication and development of solid track records. Although very different markets, some of the challenges are similar in South Korea and Japan: a lack of trust by family-owned businesses and a competitive marketplace. Country-specific experts discuss the challenges and opportunities. • How will the new GPIF allocation to alternatives open the floodgates for private equity? • After a stellar year for exits last year in Japan, will the market continue to deliver? • With an ever-increasing and successful domestic GP group, is South Korea still open to foreign investment? • How does the wealth and size of the chaebols continue to present a problem and opportunity for private equity? Richard Folsom, Representative Partner, ADVANTAGE PARTNERS Kuo Chuan Kung, Partner, MBK PARTNERS Soichi Sam Takata, Head of Private Equity, TOKIO MARINE ASSET MANAGEMENT 27th Annual 2014 FORUM 8:30 Registration and refreshments 9:00 Fireside chat: Private Equity’s role in the world’s largest IPO 9:30 Delivering real value: Creating truly global companies in Asia Investment Summit Thursday, 13 November 2014 Sponsors DAY 2 Programme Cover AVCJ PRIVATE EQUITY & VENTURE Forum at a glance 10:30 Keynote address Scott Kupor, Managing Partner, ANDREESSEN HOROWITZ 11:00 Networking coffee break Who should attend? 11:30 Venture: The Facebook effect Speakers The interest surrounding venture investing is reaching fever pitch. From seed capital searching for the next disruptive technology, to billion-dollar M&A acquisitions like that of WhatsApp, predicting where viral lightning will strike next is motivating VCs across the region in the search for great entrepreneurs and products. Which factors have contributed to this rise in VC, is this likely to last and how are fund managers across the region maximising the opportunity? • What has driven the new breed of venture, and how is it different from the previous incarnation? • To what extent can China’s mobile and Internet business revolution continue to grow? • As corporate venture moves from seed to M&A, where are the new opportunities? • Will the Internet of Things and wearable technologies be the next disruptive technologies with mass appeal? • Where is the next sunrise industry going to emerge in China? Moderated by: Jessica Archibald, Managing Director, TOP TIER CAPITAL PARTNERS, LLC Wei Zhou, Managing Partner, KLEINER PERKINS CAUFIELD & BYERS Ron Cao, Managing Director, LIGHTSPEED CHINA PARTNERS 12:15 Track 1: Contrarian view: The time to invest in India is now PE Leaders’ Summit Private equity is still developing a strategy for operating in India. A declining rupee and slowing growth have caused the exit market to stall and investors to get jittery. However, foreign and domestic firms are becoming more disciplined and sophisticated in terms of investing. Improved due diligence and lower valuations mean many foreign firms feel businesses are ripe for picking. This distinguished panel discusses the new wave of Indian private equity. • How do local GPs need to adapt in order to prosper in the new India? • With the need for power and transport infrastructure well known, which other key areas of infrastructure development will attract investment into India? Is a new wave of discounted opportunities set to come to market? • How have political changes in India affected private equity? How reliable will the new government be in enforcing regulations? • Will secondaries continue to grow as a successful exit route? Moderated by: Pratibha Jain, Partner and Head of the Delhi Office, NISHITH DESAI ASSOCIATES Gaurav Ahuja, Director, CHRYSCAPITAL Gopal Jain, Co-founder and Managing Partner, GAJA CAPITAL Dhanpal Jhaveri, Partner and India CEO, EVERSTONE CAPITAL Renuka Ramnath, Founder, Managing Director and CEO, MULTIPLES ALTERNATE ASSET MANAGEMENT VC Summit Track 2: Exits LP Summit The lack of liquidity has been a consistent concern for domestic and international investors in Asian private equity. However, in the past year, buoyed by some strong trade sales and IPO activity, exits in Asia have amounted to $49.4 billion YTD, higher than any full-year figure on record except 2012 ($53.5 billion). 2014 is also seeing secondary deals play an increasingly important role in the exit equation, further compounding the fact that the Asia private equity market is maturing. This expert panel will discuss the changing landscape and key themes for exiting existing portfolio companies in 2015. • How has the exit landscape evolved in Asia? • Are sponsor-to-sponsor transactions still a faux pas? Are sales to secondary funds an accepted mode of exit? • What is the appetite from corporates for M&A? Which industries have the most active buyers? • Has the reopening of IPOs in certain markets revitalized the exits for PE firms in Asia or does more need to happen? Moderated by: Jeremy Hunt, Partner, MORRISON & FOERSTER Gregory R Hara, President and Representative Director, J-STAR Darren Massara, Managing Partner, NEWQUEST CAPITAL PARTNERS Investment Summit The pacific risk advisors workshop: A 1.01 Guide for Fund Managers to Precisely Focus and Manage ESG Risks (for their Portfolios) Please note, the programme is subject to change. 18 Registration ESG risks are becoming more apparent in investment decisions and Fund Managers need to establish what ESG really means to their portfolio and exit value. With over 25 years of ESG management experience throughout Asia, James Pearson, CEO of Pacific Risk Advisors, will share insights on how ESG risks can be optimally managed and how these are best integrated into the overall fund management process. James will illustrate his workshop with recent Asia Pacific E&S due diligence case studies, address questions and share expertise on specific industries of audience interest. James will succinctly share how to optimally: ESG Sponsored by • Drive results through managing ESG risks and opportunities • Manage internal expectations • Maximize exit values through E&S risk management mechanisms Register online: avcjforum.com 5 reasons to attend SCHEDULE OF EVENTS Despite the naysayers, the notion of creating alpha from Asian investments is alive and kicking. The sale of Oriental Brewery with its 5x return and the Alibaba IPO have proven that with the right skills you can transform local companies into global organisations that can prosper and grow on an international scale. However, as with any buzzword there has been some caution on how firms can really deliver value in some regions, especially when minority deals are still prevalent. Our specialists discuss how to truly deliver value. • How do PE firms develop their skill sets, processes and procedures for implementing standardised operational improvement? • What company-wide analysis can be performed to identify areas where change can assist in improving the bottom line? • How can you measure the effectiveness of your people and processes for continuous improvement of your alpha-generating capabilities? • What options are available if your new management strategies are met with resistance? Kathy Xu, Founder and Managing Partner, Capital Today Group Roy Kuan, Managing Partner, CVC Capital Partners Atul Kapur, Co-founder and Managing Partner, Everstone Capital Homer Sun, CIO and Managing Director, Morgan Stanley Private Equity Asia 27th Annual 2014 FORUM Investment Summit Thursday, 13 November 2014 Sponsors DAY 2 13:00 Programme Cover AVCJ PRIVATE EQUITY & VENTURE Networking lunch 14:00 Data download: Benchmarking Asia, Europe and the US 14:30 Track 1: Looking for growth abroad Forum at a glance a part. Japan and South Korea are both looking not only to the West but also to opportunities in South-east Asia. China continues to be a gateway for both inbound and outbound expansion. Our panel looks in-depth at how to add value and drive returns after the original investment. • What happens post-acquisition-in reality, how do you manage these portfolio companies? • With a lot of currency risk, how do you manage returns? • As risk transcends markets, how do you align vested interests in each market? What is the impact of hard and cultural risks? • While this has been a mostly Chinese phenomenon, which countries are now looking at more expansion abroad? Bing Yuan, Managing Director, HONY CAPITAL 5 reasons to attend SCHEDULE OF EVENTS 14:00 The role of private equity in helping companies expand abroad is not new, but it is one that is becoming more prevalent. Competition 14:00 among countries and companies that desire to compete on a global scale has led to numerous opportunities for private equity to play Track 2: Private equity in real estate Who should attend? As firms continue to develop, separate real estate funds are a growing part of the private equity market. China, India and Japan lead the charge with investment, but there are still a number of barriers to entry. The key question is how managers can add value. Additionally, with more Asian institutional investors looking for growth abroad, the capital allocator model provides exposure without the skill set. However, the traditional operator model still has a place. • Which property sectors are more attractive and accessible in Asia? • Asian investors are increasingly active outside of Asia. Which markets present the best investment destinations? • With a number of Asian fund managers raising separate real estate, will this cause a deal flow issue? • How are GP-LP dynamics and alignment of interests evolving? What are the co-investment trends in real estate? Moderated by: David Raven, Regional Director, Asia Pacific Capital Markets, JONES LANG LASALLE LIMITED Steven Cha, Head of Real Estate Opportunities (Korea and Japan), ANGELO, GORDON & CO. Jason H. Lee, Managing Director and Head of Asia Real Estate, THE CARLYLE GROUP Yvonne Siew, Director, Head of Asia Real Estate, Global Managed Investments, CITI PRIVATE BANK Christina Gaw, Managing Principal and Head of Capital Market, GAW CAPITAL Speakers Focused work group: Frontier markets round-robin Philippines, Thailand, Vietnam and Myanmar Moderated by: Patricia M Dinneen, Senior Advisor, EMERGING MARKETS PRIVATE EQUITY ASSOCIATION Genevieve Heng, Director and Co-founder, ANTHEM ASIA Dennis Montecillo, President, BPI CAPITAL CORPORATION Pote Videt, Managing Director, LOMBARD INVESTMENTS PE Leaders’ Summit 15:15 Close of summit VC Summit LP Summit Investment Summit available on a complimentary basis from 8.00am to 16.00pm on 12-13 November Register online: avcjforum.com Level 5, Boardroom Please note, the programme is subject to change. 19 Registration NETWORKING Networking loungeLOUNGE 27th Annual 2014 FORUM 11-13 November Online: register at www.avcjforum.com/static/book-now E-mail: Send booking form to register@avcj.com Q Call: Carolyn Law at +852 3411 4837 Q Fax: Download the PDF Booking Form and Fax it to +852 3411 4811 Q Mail: Unit 1401-03, Devon House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong BOOKING REFERENCE CODE: O-BROCHURE_HK-AVCJ-14 Q Q Booking details Platinum Package Diamond Package 2-Day Investment Summit ONLY & all social events during this period 3 Days: PE Leaders / VC Summit & 2-Day Investment Summit ONLY & all social events during this period US$3,695 US$4,095 US$3,995 US$4,395 US$4,395 US$4,795 US$1,847 US$2,047 Private Equity Firms / Family Offices / Venture Capital Firm Intermediaries Placement Agents / Investment Banks Service Providers Corporates / Professional Services / Software Solutions / Other Funds of Funds / LP Secondaries Forum at a glance Standard Pricing Total Registrants Registration details Please complete your details below in BLOCK CAPITALS or attach your business card. (All fields are required) First name Last name Who should attend? Mr/Mrs/Ms Job title Company Company type Address City Country Post/zip code Speakers Contact phone Cell phone E-mail I plan to attend the Welcome reception on Tuesday, 11 November at 18:15 (Grand ballroom, Four Seasons Hotel) I plan to attend the Gala cocktail and dinner on Wednesday, 12 November at 18:15 (Grand ballroom, Four Seasons Hotel) Yes Yes No No Cheque payable to AVCJ Group Ltd. Bank transfer to HSBC, One Queen’s Road Central, Hong Kong: A/C# 004-502-118953-001(US$/HK$)(SWIFT code: HSBCHK HHH KH) Any bank charges must be prepaid. Please fax a copy of the transfer slip to +852 3411 4999 or +852 3411 4948. Credit card: (US$/HK$) Visa MasterCard American Express Expiry date Name on card Security code VC Summit Card no. PE Leaders’ Summit 000300514 Payment details Please sign here to authorize the charging of your card Venue and accommodation 8 Finance Street, Central, Hong Kong / Tel : +852 3196 8357 / Fax : +852 3196 8330 / Email: groupres.hkg@fourseasons.com LP Summit Cancellation / refund policy: A cancellation charge of US$300 is applicable to written cancellations received on or before 21 October 2014. No refund will be made for cancellations after the date due to our advance guaranty obligations and administration costs. Pay in advance: We will include registrants’ names on the official delegate list if we have received your registration fees on or before 4 November 2014. All payments should be made prior to the events. Regrettably, no entrance will be permitted for payments not received before the events take place. Four Seasons Hotel 5 reasons to attend Standard Pricing General Partners SCHEDULE OF EVENTS If you have a discount code, please enter it: REGISTER NOW Sponsors Four Seasons Hotel, Hong Kong 5 EASY WAYS TO REGISTER: Cover AVCJ PRIVATE EQUITY & VENTURE A limited number of rooms have been reserved at a special rate for conference delegates. Please book your room directly with the hotel and identify yourself as an AVCJ Forum participant to qualify for the rate: Investment Summit • Deluxe Peak View Room: HK$4,900 per room per night + 10% service charge • Deluxe Harbour View Room: HK$5,500 per room per night + 10% service charge Above special rates are only available during 10-14 November, 2013 and subject to hotel availability. To download the hotel booking form please visit www.avcjforum.com/venue-accommodation Please note that the hotel will confirm room bookings directly with each registrant. Note: AVCJ does not bear the responsibility for delegates’ travel and accommodation arrangements. Carolyn Law SPEAKING OPPORTUNITIES: Sarah Doyle SPONSORSHIP ENQUIRIES: Darryl Mag MARKETING AND MEDIA ENQUIRIES: Audrey Reisdorffer CUSTOMER SERVICE DEPARTMENT: t: +852 3411 4837 t: +852 3411 4842 t: +852 3411 4919 t: +852 3411 4706 t: +852 3411 4844 / 3411 4947 e: Register@avcj.com e: Sarah Doyle@incisivemedia.com e: Darryl.Mag@incisivemedia.com e: Audrey.Reisdorffer@incisivemedia.com e: cs.asia@incisivemedia.com 041114 Registration CONTACT US: REGISTRATION ENQUIRIES:
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