This website shows 2017 information. Please come back to check for the 2018 details

 

Day 1: 1 March 2017

18:30

Welcome cocktail reception
Venue: First Fleet Gallery, Museum of Sydney (Address: Cnr Phillip and Bridge Street, Sydney NSW 2000)

Day 2: 2 March 2017

08:00

LP registration and refreshments

08:30

Limited partners' roundtable session (invitation only)
The session will provide participants with the unrivalled opportunity to hear first-hand about PE investing from their peers, many of whom have decades of experience in investing in global markets and working with GPs, in a confidential setting. The session will feature presentations by senior industry professionals, followed by a moderated roundtable discussion on topics of interest to the LP community, including the following:

  • What strategies, sectors and geographies are the leading LPs betting on over the next five years?
  • How do you effectively run a co-investment programme?
  • What strategies are LPs employing to interpret RG97 and develop guidelines for implementation?
  • What role do gatekeepers and advisors play for LPs in 2017?
  • How do you source the emerging international GPs with niche offerings and strong local networks?
  • Can you build a direct team in-house and attract and retain skilled investment managers?
  • How are experienced LPs utilising the secondaries market to maximise portfolio spread and performance?

Moderated by: Shawna Kaufman, Managing Director, Membership, INSTITUTIONAL LIMITED PARTNERS ASSOCIATION (ILPA)
Presentation: Christian Gergis, Head of Policy & Research, AVCAL

Panelists:
Robert Credaro, Head of Growth Assets, FIRST STATE SUPER
Alicia Gregory, Head of Private Equity, MLC
Fiona Mackenzie, Head of External Investments and Partnerships, NEW ZEALAND SUPER FUND

9:30

Main conference registration

10:00

Executive address
Rune Munk, Partner, COLLER CAPITAL

10:30

The global view: The macro trends shaping the business landscape in 2017
Brexit, US presidential election, uncertainties in the global stock markets, a period of low growth and low interest rates-for investors, navigating the myriad of potentially game-changing events is delivering the biggest challenge since the financial crisis. To continue to thrive in this current climate, GPs must show they can adapt to the changing conditions, whether this means rolling out new investment platforms or concentrating on certain niches. Our diversified panel will provide their views on the macro issues and how this will affect their industry.

  • What are the predictions for the industry over the next 12 months against a backdrop of global uncertainty?
  • How does the opportunity set in Asia differ from the US and Europe in light of political and economic changes?
  • How can GPs not only survive but capitalise on global volatility?
  • Are LPs revising their returns expectations?
  • Have valuations corrected in response to market uncertainty?
  • Are LPs increasingly looking for local managers that can source hard-to-find investments?

Moderated by: Rune Munk, Partner, COLLER CAPITAL
Michael W. Arpey, Managing Director, THE CARLYLE GROUP
Alicia Gregory, Head of Private Equity, MLC
Jeremy Tasker, Executive Director, MACQUARIE CAPITAL
Jonathan Zhu, Managing Director, BAIN CAPITAL

11:15

Australasia: State of the industry
Solid returns, successful fundraises, decent deal flow-both VC and PE are in a period of good health. The negative headlines are still present and the LP market bifurcation is clear, but those who have delivered consistently are driving the industry forward. However, there are a range of issues that could disrupt the equilibrium, including succession planning, new funds entering the market, LPs looking at more direct investment/low-fee products, cashed-up overseas investors competing for deals and Foreign Investment Review Board (FIRB) issues relating to foreign LPs. A panel of leading GPs will tackle the following questions:

  • Are GPs starting to focus on thematic investing to predict trends and companies that align with this thesis?
  • How do you develop and communicate a succession plan that is well documented and presented to LPs?
  • Can the industry change the media's perception of the asset class?
  • What impact will new government legislation, RG97 for cost disclosure requirements for unlisted assets, have on the industry?
  • How can GPs engage FIRB to discuss issues relating to foreign LPs in the fund and buying portfolio companies?

Moderated by: David Willis, Partner, KPMG
Cameron Blanks, Managing Director, PACIFIC EQUITY PARTNERS
Peter Gold, Managing Director, ARCHER CAPITAL
Will MacAulay, Investment Manager - Unlisted Assets, HESTA
Jeremy A. Samuel, Founder and Managing Director, ANACACIA CAPITAL

12:00

Networking lunch
sponsorby-champ
Lunch panel
Joseph Skrzynski, Co-Chairman and Co-Founder, CHAMP PRIVATE EQUITY
Yasser El-Ansary, Chief Executive, AVCAL
Rick Baker, Co-Founder, BLACKBIRD VENTURES
Michelle Deaker, CEO & Managing Director, ONEVENTURES
Elaine Stead, Managing Director, Venture Capital, BLUE SKY

14:00

The China factor and its impact on domestic private equity
Chinese businesses are increasingly looking towards Australia as a fertile market for outbound acquisitions. This has resulted in increased competition for deals but it is also creating an exit opportunity as buyers of PE portfolio companies. However, the complexity of brokering deals with Chinese buyers, their ability to pay large multiples for assets and scrutiny from FIRB mean this trend is disrupting the market. In this session a panel of experienced industry figures will share their experiences and strategies for engaging Chinese counterparties.

  • How can you get to grips with the Chines regulatory market and business practices to enhance your dealings? Should you partner with LPs and advisors with experience across the region?
  • What approach will FIRB take towards Chinese firms looking to buy Australian assets in the future?
  • What can you do to mitigate completion risk?
  • What strategies and examples of deals show best practice for executing deals with Chinese SOEs?
  • Are Chinese buyers driving up price, and what impact is this having for Australian GPs?

Moderated by: Graham Brooke, Managing Director, CHAMP PRIVATE EQUITY
Jason Chang, Co-Founder, Chief Executive Officer and Managing Director, EMR CAPITAL
Albert Tse, Founder, WATTLE HILL CAPITAL
Jennifer Zeng, Partner, BAIN & COMPANY

14:45

Data presentation: Update on the performance of private equity-how Australasia benchmarks on the global stage

James Viles, Principal, BAIN & COMPANY

15:30

Networking coffee break

16:00

Going mainstream: The rise of credit and distressed-investing strategies
Funds are increasingly focused on the debt market as they react to banks tightening up on lending and further diversify their product offerings as they evolve to become both providers of credit and value creators for distressed companies. Next to private equity, private debt is expected to deliver the highest returns over the next three to five years. With strong appetite from LPs, PE players are moving to establish offerings and teams to exploit this opportunity.

  • What macro factors are contributing to the rise of debt-oriented strategies and direct lending specifically?
  • Where does private debt fit in an LP's allocation strategy, and are these allocations increasing?
  • Are distressed-debt and credit opportunities now a significant part of the PE business?
  • As global GPs and funds of funds are now establishing debt funds, will the domestic players follow this trend?

Moderated by: Stephen Aldred, Asia Loans Editor, DEBTWIRE
Simon Kinzett, Investor Relations, PERMIRA ADVISERS
Chester Moynihan, Managing Director, ALLEGRO FUNDS
Gary Stead, Managing Director, HPS INVESTMENT PARTNERS, LLC

16:45

Family Office Workshop: Tapping into a growing force in private markets
Australasian family offices and HNWIs are becoming increasingly interested in private markets exposure. For these investors, traditional fund commitments are one of numerous options, alongside deal-by-deal structures, co-investment and going direct. In this interactive and educational session, a group of experts will share insights on devising investment strategies that are tailored to meet the varied needs of the family office community.

  • How family offices' private equity strategies have evolved
  • Liquidity issues and returns - blind pool risk, mitigating the j-curve
  • Finding partners and advisors when sourcing deals or building a program
  • Tips for constructing a well balanced portfolio
  • Case studies: co-investment with GPs vs. family office collectives

Moderated by: Ken Licence, Managing Director, PRINCIPLE ADVISORY SERVICES
Ross Burney, Chief Executive Officer, HUME PARTNERS PTY LTD
Mark De Ambrosis, Managing Director, ARMITAGE ASSOCIATES
Marcus Lim, Managing Director, YORKWAY EQUITY PARTNERS
Tim Peters, Senior Investment Associate, WALSH BAY PARTNERS

17:45

Close of conference day 1

18:15

Gala cocktail reception
Harbourside Room at Museum of Contemporary Art (Address: 140 George Street, The Rocks, NSW2000)
hostedby-adp

19:30

Gala Dinner
sponsored-by-pep
Dinner keynote: Glenn Stevens, Retired Governor, RESERVE BANK OF AUSTRALIA
Tim Sims, Managing Director, PACIFIC EQUITY PARTNERS

Day 3: 3 March 2017

08:30

Registration and refreshments

09:00

Economist debate

Moderated by: Sheridan Lee, Founder and Principal, SHED ENTERPRISES
Jessica Irvine, Senior Economics Writer, SYDNEY MORNING HERALD
Alex Joiner, Chief Economist, IFM INVESTORS
Richard Yetsenga, Chief Economist, ANZ

09:45

Asia spotlight: Markets, strategies and fund models that are delivering returns
The growing diversification within Asian private markets reflects not only the industry's maturity but also the differing realities confronting GPs. The bull markets and flavour-of-the-month destinations of Asia are a thing of the past, so the onus is on GPs to prove they have the capabilities to prosper. Our Asian experts will share their thoughts on delivering performance in the current environment and how international LPs should commit to the region to ensure they have a well-balanced portfolio.

  • What strategies are attracting LPs to funds?
  • Are spin-out funds with interesting strategies and terms back in vogue?
  • Is Asia's GP community likely to consolidate?
  • Can Asian managers capitalise on the desire from LPs to look outside of the mega global players for regional exposure?
  • What performance are GPs in the region expecting from the next vintage?

Moderated by: Sam Robinson, Managing Partner, NORTH-EAST PRIVATE EQUITY ASIA
David Lin, Managing Director, PRIMAVERA CAPITAL GROUP
David McWilliam, Managing Director, BAIN CAPITAL CREDIT
Sunil Mishra, Partner, ADAMS STREET PARTNERS
Rodney Muse, Managing Partner, NAVIS CAPITAL PARTNERS
Bobby Pauly, Partner, TATA OPPORTUNITIES FUND

10:30

The rise of the next generation of fund managers
After a long period of consolidation in the industry, we are now seeing a new crop of GPs come to market and hit the fundraising trail. They include seasoned investors from brand name firms as well as start-ups. Seeing as it has been years since a new fund has come to market, how will these GPs differentiate themselves and raise capital, and what fund size and volume can the market handle? In this session a panel of new managers will share their views on the discussion points below and why they believe now is the right time to launch.

  • What sources of capital are they expecting to commit to their funds?
  • Are new GPs able to be more nimble when it comes to terms and fees, and investment strategy? Is there a gap in the market for a low-fee PE manager?
  • Are spin-out funds a by-product of a maturing market or a result of succession issues?
  • How will new entrants affect the deal market, and is there a risk it will be overcrowded?
  • How can deal-by-deal GPs compete for investments with established funds?

Moderated by: Yasser El-Ansary, Chief Executive, AVCAL
Andrew Gray, Managing Director, POTENTIA CAPITAL
Jenny Newmarch, Portfolio Manager - Growth Assets, FIRST STATE SUPER
Rob Koczkar, Managing Director and Chief Executive Officer, ADAMANTEM CAPITAL

11:15

Networking coffee break

11:45

The Australian venture story: Turning a cycle into a sustainable industry
Australian VC is back in favour as super funds continue their support for local managers, joining high-net-worth individuals (HNWIs) and overseas investors in committing to successful fundraises. However, despite the positivity in the market, success can be measured only by returns. Australian GPs need to display a winning strategy from seed capital to late stage and exit, to ensure this current cycle does not unwind and instead serves as the catalyst for Australian start-ups to commercialise worldwide.

  • Where are the entrepreneurs and industries that will put Australia on the map as a start-up ecosystem to build world-class companies?
  • Is it imperative to have a US partner who can quickly help overseas expansion to succeed?
  • Do GPs over-rely on HNWIs and Chinese investors for fundraising?
  • How can the next phase of VCs create a sustainable market, and how has this been done in other regions?
  • Do LPs get greater opportunity for co-investment and commitments with VC?

Moderated by: Tim Burroughs, Managing Editor, ASIAN VENTURE CAPITAL JOURNAL
Rick Baker, Co-Founder, BLACKBIRD VENTURES
Michelle Deaker, CEO & Managing Director, ONEVENTURES
John Henderson, Partner, AIRTREE
Tushar Roy, Partner, SQUARE PEG CAPITAL

12:30

LP-GP discussion: Evolution of the industry and the investors
In Australia, LPs that have committed to the asset class and have been through a number of vintages and cycles have matured with the industry. To generate returns in a low-growth environment, value creation is critical. However, as LPs look for greater deal involvement and face pressure on cost transparency and fees, how can they work together to strike the right balance? In this interactive session, a panel of LPs and GPs will tackle the most pressing issues affecting their relationship and the future of the asset class.

  • What level of transparency are LPs expecting, and how can this be delivered in practical terms?
  • When are performance fees justified, and how are they negotiated?
  • How should a funds track record be evaluated? Is it based on skill-based returns or timing the market?
  • How can GPs help LPs to grow their PE programme so that it matches expectations on fees, terms and investment thesis over the next cycle?
  • How do international LPs and their domestic counterparts differ?

Moderated by: Ed Day, Director, BROOKVINE PTY LIMITED
Steve Byrom, Head of Private Equity, FUTURE FUND
Adrian Kerley, Investment Manager - Private Capital, COMMONWEALTH SUPERANNUATION
Michael Weaver, Manager, Private Markets, SUNSUPER PTY LTD
Peter Wiggs, Chief Executive Officer, ARCHER CAPITAL
Barry Zuckerman, Chief Financial Officer and Chief Operating Officer, CHAMP PRIVATE EQUITY

13:30

Networking lunch

14:30

Close of conference

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