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Join your peers#avcjSingaporewww.avcjforum.com/singapore
AVCJ Private Equity & Venture ForumGlobal Perspective, Local Opportunity
2018SERIES
8th Annual Singapore Forum
For 8 years, the AVCJ Private Equity & Venture Singapore Forum has been the meeting place for the leaders of Southeast Asia’s alternative investments industry and their overseas peers. The AVCJ Singapore Forum has become a must-attend event for leading GPs and LPs, who come together to learn from each other, exchange ideas, catch up with friends and form long-standing relationships with their next business partners.
18-19 July 2018 | Westin Singapore
350Delegates
60Speakers
20Countries
130+LPs
220+Organisations
2017 Forum key statistics
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Singapore Forum
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Register online at: www.avcjforum.com/singapore
SPONSORSHIP ENQUIRIES:
Darryl Mag T: +852 2158 9639 E: [email protected]
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Singapore Forum
Register now online at www.avcjforum.com/singapore
Email: [email protected] Call: +852 2158 9636
Programme highlights 2018
• Aberdeen Asset Management• Adams Street Partners• Aglaia Family Office• AIA Investment Management• Allianz Capital• AlpInvest Partners• Aozora Bank• APG Asset Management Asia• ARDIAN• Asia Alpha Private Equity• Asia Capital Advisor• Asia Capital Reinsurance Group
• Axiom Asia Private Capital• BIMB Investment• BlackRock Private Equity Partners
• BNP Paribas Wealth Management
• CA Indosuez• Candareen Capital• CDPQ Asia Pacific• Coller Capital• CS Partners• DBJ Asset Management• DEG
• Development Bank of Japan• Eagle Asia Partners• EE Capital• Fedesa Asia Advisory• GIC• Golden Alpha• Golden Equator• Great Eastern Life Assurance• Hamilton Lane• Hanwha Asset Management• Hanwha Life (HK)• HarbourVest Partners• Heliconia Capital• Hermes GPE• Hotel Mazin Lafayette Endowment Fund
• HQ Capital• International Finance Corporation
• J.P. Morgan Asset Management
• Khazanah Nasional Berhad• Korea Investment Corporation
• Korea Venture Investment Corporation
• Lexington Partners• LGT Capital Partners• LGT Impact Ventures• Mitsubishi Corporation• Mizuho Securities• Monetary Authority of Singapore
• Morgan Creek• Morgan Stanley Alternative Investment Partners
• National Pension Service of Korea
• Noah Holdings• North-East Private Equity Asia• NTUC Income Insurance Cooperative Limited
• Morgan Creek Capital Management
• Ontario Teachers’ Pension Plan
• ORIX Investments• Pavilion Alternatives• Pavilion Capital• Pelaburan MARA Berhad• Pomona Capital• Portfolio Advisors
• PSP Investments• Rising Tide• Sen Family Office• SGC Group• Shanda Group• SilverSea Asset Management• Singapore Institute of Technology
• Singapore Management University Endowment
• StepStone Group• Sumitomo Mitsui Banking Corporation
• Temasek International• The Bank of Tokyo-Mitsubishi UFJ
• The Partners Group• Toh Kian Chui Foundation• UNC Management• UOB Alternative Investment Management
• UOB Asia Investment Partners• WorldBank PPP• YSS Capital Management
... and many others!
Limited Partners from the following organisations that attend include:
• Network with over 130 institutional investors that are looking to meet fund managers from across the globe and make commitments to the asset class
• Discover the state of private markets and the outlook for 2018/2019
• Find out private equity’s role in the Belt and Road Initiative
• Gain an insight on cross border M&A in the era of protectionism
• Hear about the rise of family businesses and conglomerates in the ASEAN private markets
• Investor selector: What do LPs really look for in a GP when deciding where to commit?
• Examine the current landscape for women in the alternative assets industry
Singapore Forum
Keynote address 09.00
Networking coffee break10:30
Day 1: Wednesday, 18th July 2018
Private markets in 2018
Capital has been flooding into the private market asset class globally, enabling firms to raise ever larger funds, this – coupled with the availability of cheap debt – has contributed to ambitious deal-making. As competition heats up, it will be crucial for GPs to remain disciplined in their approach and to pay the right price whilst creating a value creation thesis to maximize returns. Our panel examines the world in 2018 and beyond, the impact events have had on Asia, and what private market managers can do to prevail in these conditions.
• How is geo-politics affecting the investment landscape?• What opportunities offer the best returns?• How can mid-market GP differentiate itself?• How is the exit market evolving?
09.30
Private equity’s role in the Belt and Road Initiative
The Chinese government’s Belt and Road Initiative (BRI) continues to gain momentum, with investments in the economies along the ‘Belt’ and the ‘Road’ surging in the last two years. While the focus is currently on infrastructure and related projects, new investors are always looking towards emerging opportunities across various sectors that will enhance transnational connectivity and resolve the long-term development needs of BRI countries. The investment potential is enormous but complex. Our panel of senior policy makers and investment professionals highlight the opportunities which will emerge over the next five years.
• What are the potential mid-to-long term investment opportunities triggered by BRI? How can private equity investors play a role?
• What new policies and enhanced initiatives are in the pipeline to facilitate BRI-related investments?
• Where are the most attractive opportunities for financial investors, and how can funds ‘get in the game’?
• What are the key challenges encountered – from deal sourcing to deal execution – and how can they be overcome?
11:00
SEA fintech: Taking the lead
In the financial services space, digital disruption is opening up new opportunities for entrepreneurs and investors alike. The fintech revolution is definitely underway and Southeast Asia’s burgeoning fintech ecosystem is attracting significant interest from both regional and global players. Penetration of smart phones, internet, and social media in the region has enabled this revolution, and combined with the universal availability of infrastructure providers such as payment processors, logistics providers, and digital marketing partners is proving to be a fertile ground for start-ups to scale across the region.
• What is the current fintech landscape?• How can the regulatory framework help fast-track industry
growth?• How is the region faring compared with other financial hubs?• What does the future hold?
12:30
Register online at: www.avcjforum.com/singapore
Programme
Registration and refreshments
Conference registration08.30
08.00
13:15 Networking lunch
Fireside chat11:45
Disrupt or be disrupted: Singapore as a hub for innovation
Drones, artificial intelligence, autonomous driving, artificial reality, and virtual reality – each one has the potential to revolutionise traditional industries. The question for investors, is how can they identify the next wave of technologies and harness their disruptive power, and whether that means enhancing existing portfolio companies, or working with entrepreneurs to create new ones. Our panel of experts share their views on how, when, and where innovation will come to the forefront as a catalyst for change.
• What technology shifts will have the most impact over the next 5-10 years?
• When should investors act to access the best opportunities?
• Which sectors present the greatest risks and rewards?• What are the opportunities in deep tech?
14:15
SEA exits: A timely boost?
With Southeast Asian private equity and venture investment on the rise, the only blemish on an otherwise successful regional story is the lack of IPOs, as trade sales currently dominate the exit route. However, the recent NYSE listing of SEA (formerly Garneau) seems to illustrate a path for current and future crops of companies looking for exits and with some eye catching deal numbers involved, it is a matter of when rather than if the IPOs will come through.
• What is the state of capital markets across the region?• How to find an optimal exit route, given the limited IPOs?• What is the LP view on exits, and does it weigh negatively
on the region?• How have GPs sourced exit routes, and when should this
process start?• What does the SEA IPO mean for the regional ecosystem?
15:00
17:40 Close of Day 1 and networking cocktails
Investor selector: What do LPs really look for in a GP when deciding where to commit their money?
In this interactive, educational, and enjoyable session, an LP representative will ask three GPs a series of unrehearsed investment-related questions that influence their firm’s decision-making process when selecting a fund. Each of the GPs will have an opportunity to respond and convince the LP that their fund, focus, and investment philosophy will provide the best returns. To add to the excitement, the GPs’ identities will not be revealed until the LP has picked a winner.
17:00
16:15
15:45 Networking coffee break
The evolution of credit and debt as an asset class
Funds are increasingly focused on the debt market, as they react to banks tightening up on lending and further diversifying their product offerings. Next to private equity, private debt is expected to deliver the highest returns over the next three to five years. With a strong appetite from LPs, private equity and specialist players are moving to establish offerings to exploit this opportunity. The panel will explore the macro factors that are contributing to the rise of debt-oriented strategies and direct lending, and how LPs can access this opportunity.
• Where does private debt fit into an LP’s allocation strategy, and are these allocations increasing?
• Are distressed-debt and credit opportunities now a significant part of the private equity business?
• Is venture debt emerging as a mainstream asset class in some markets?
• How attractive are non-performing loans (NPLs), high yield bonds, defaulted bonds, and NPL securitisations for GPs?
• With global GPs and funds of funds now establishing debt funds, will domestic players follow suit?
Singapore Forum
Fireside chat: The evolution of the LP-GP relationship 09.15
Networking coffee break10:30
Day 2: Thursday, 19th July 2018
The rise of family businesses and conglomerates in the ASEAN private markets narrative
Southeast Asia’s fragmentation, its various economies at wildly different stages of development, and its relatively underdeveloped private equity ecosystem, come part and parcel with other difficulties for investors – especially from outside the region. They may find it hard to avoid partnering with, or competing against, very well-supported entities connected to local corporates. As family businesses and conglomerates look to shift focus from their traditional areas of investment, such as manufacturing and property, to more disruptive and tech-enabled businesses – through the establishment of corporate VC arms, special funds, or balance sheet investment – they have definitely announced their presence in the private equity and venture capital ecosystem.
• What has been the driver for change in investment theses, and how are deals being executed and managed?
• How can family businesses and conglomerates add value in addition to investment?
• Is the platform approach helping or hindering?• Can collaboration exist with private equity over deal
sourcing? and India?
09.45
Cross border M&A in the era of protectionism
Despite the global political and trade challenges, cross-border deals continue to be on the rise in Southeast Asia. Local companies that have found success domestically are looking for overseas growth opportunities as they look to expand and spread their business risk across a number of geographies and economies. Inbound investors are attracted by the solid macro and consumer landscape, and the opportunity to utilise their expertise and connections to propel local businesses into bigger and better entities. A panel of experts will discuss the following topics and how the region can prosper:
• How to manage the rise of political and macro risks?• What are the dynamics in the marketplace, and what is
driving cross-border deals?• How can private equity play a role as a partner to
strategic investors?• What geographies and sectors are proving to be the most
attractive?
11:00
Women in alternatives
In the alternative assets industry, women are underrepresented – much more than in many other industries. Although Asia (China, HK, and Singapore in particular) ranks slightly better than North America and Europe in many asset categories, there is still plenty of work that can be done to increase the number of women in the industry – especially as investment professionals. Our diverse panel will showcase the different roles women play within their organisations, and the opportunity set available.
• What is the current landscape for women in the alternative assets industry?
• Why do women continue to be under-represented at senior levels in the industry?
• Do funds promote gender diversity on portfolio company boards?
• When and how should the industry be encouraging more women to look at venture capital as a career path?
• When putting together a diversified portfolio, do firms actively look to have portfolio companies with women founders?
11:45
Registration and refreshments08.30
Register online at: www.avcjforum.com/singapore
Programme
LPs’ views on Southeast Asia and beyond
For many institutional investors, Southeast Asia remains a niche market, either too small or too risky for a dedicated allocation. Deal flow is driven by large, usually intermediate, transactions that are contested between the flagship Asia funds. The collection of markets with different regulatory and cultural barriers – populated by company founders who are not wholly familiar with private equity – adds to the complexity of the region for LPs. However, SEA is becoming more attractive because of the growth of experience in the market and the establishment of a stable of talented managers in recent years. A panel of international LPs will debate this compelling market, their cases for committing capital, and where they place the region on the risk and reward scale.
• To what extent do macro, political, and regulatory challenges in the region effect LPs’ appetite for the region?
• How best to navigate the fragmented regional markets? Which are the most interesting sectors, regions, and strategies?
• Is Southeast Asia only viable when viewed as one investment destination, or do LPs investigate specific countries?
• How should you evaluate new fund managers?
12:15
13:00 Networking lunch and close of conference
Singapore Forum
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AVCJ Private Equity & Venture ForumGlobal Perspective, Local Opportunity
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