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Informa
08:00 - 08:25

Registration and welcome coffee

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Showing of Streams
11:10 - 11:40

Morning coffee and networking break

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Showing of Streams
Showing of Streams
13:05 - 14:10

Lunch and networking break

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Showing of Streams
15:45 - 16:15

Afternoon coffee

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Showing of Streams
Showing of Streams
17:45 - 19:00

SuperInvestor networking drinks reception

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19:00 - 19:05
End of main conference day 1

End of main conference day 1

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08:00 - 08:25 25 mins
Registration and welcome coffee
08:25 - 08:40 15 mins
Day 1
Chairperson’s introduction
08:40 - 09:20 40 mins
Info
Day 1
Moving into 2020: Protectionism, populism and taxes

U.S.-China trade war, rising U.S. interest rates, political headwinds and an economic cycle at its peak: is this the perfect storm?

09:20 - 09:50 30 mins
Info
Day 1
Capital deployment and bottom line protection
  • Panellists Gabriel Caillaux - Managing Director and Head of EMEA, General Atlantic
  • To what extent are GPs pursuing a defensive strategy?
  • Which themes and sectors are most attractive and how are continued high purchase prices being substantiated? 
  • How much emphasis is there on deleveraging?
09:50 - 10:15 25 mins
Day 1
Keynote interview
10:15 - 10:45 30 mins
Info
Day 1
LP asset allocation
  • Moderator Louise Boothby - Partner, Coller Capital
  • How are LPs adjusting their portfolios given where we are in the cycle and what strategies are being adopted to protect returns? 
  • Is now the time to reserve capital? 
  • What impact will a negative net distribution rate have on LPs’ investment decisions and how large is the threat of being over exposed to private equity ?
10:45 - 11:10 25 mins
Day 1
Keynote interview
  • Glenn Youngkin - Co-Chief Executive Officer and a member of Carlyle’s Board of Directors, The Carlyle Group
11:10 - 11:40 30 mins
Morning coffee and networking break
11:40 - 12:10 30 mins
Info
Day 1
Head to head debate

This house believes that disruption is a greater threat to returns than macroeconomic forces.

11:40 - 12:40 60 mins
Info
Off the record
Returns: no longer on the same page?
  • Where are returns going, really?
  • To what extent is there a dislocation in LP vs GP expectations?
  • How do the views of managers of different fund sizes vary?
  • Net vs gross returns – how can we close the gap?
  • Is a focus on IRR vs MOIC the start of becoming a short-term assets management business as opposed to a long-term value creator?

Closed door discussion

12:10 - 12:40 30 mins
Info
Day 1
Mind the gap: LP/GP alignment
  • William van Eesteren - Managing Director, Wilshire Private Markets

GP’s selling stakes in their management companies, long duration funds, multiple product lines, lower hurdle rates, increased use of credit-lines and GP-led fund restructurings: how is LP/GP alignment shifting?

12:40 - 13:05 25 mins
Day 1
Keynote address
13:05 - 14:10 65 mins
Lunch and networking break
14:10 - 14:15 5 mins
Stream A: Value creation and growth equity
Afternoon Chair
14:10 - 14:15 5 mins
Stream B: Strategy spotlights
Afternoon Chair
14:10 - 14:15 5 mins
Stream C: Co-investing
Afternoon Chair
14:15 - 14:45 30 mins
Info
Stream A: Value creation and growth equity
Buy and build: value creation or financial engineering?
  • Panellists Simon Davidson - Partner, Exponent
  • What are the ingredients for a robust buy and build strategy and which sectors best lend themselves to this?
  •  What methods are managers using to plan and execute pipeline acquisition, integrate companies and optimise supply chains? 
  • What has caused deals to unravel in the past? Is a lower MOIC enough to boost returns?
14:15 - 14:45 30 mins
Stream B: Strategy spotlights
State of the private equity market: moving from 2019 into 2020
  • Panellists Ian Charles - Partner, Landmark Partners
14:15 - 14:45 30 mins
Info
Stream C: Co-investing
Co-investing in a heated market
  • Panellists Rob de Jong - Managing Director, AlpInvest Partners
  • Søren Brøndum Andersen - Partner, ATP Private Equity Partners

What risks and considerations do LPs need to take heed of given current market dynamics? 

Faster process time-lines and increasingly challenging deals: how are LPs deciding when to lean-in or step back? What matters more, the manager or the deal?

14:45 - 15:15 30 mins
Info
Stream A: Value creation and growth equity
Digitalisation: the next wave in value creation
  • To what degree is digitalisation dominating as the value creation strategy of choice and how are best-in-class managers implementing this?
  •  How much variation is there between sectors and the suitability of different digital levers, and how are digital experts being successfully integrated with the deal team?
14:45 - 15:15 30 mins
Info
Stream B: Strategy spotlights
Sector specialisation vs generalist funds: survival of the fittest
  • Panellists Alex Barker - Principal, HarbourVest Partners
  • Gordon Hargraves - Partner, Private Advisors
  • How critical is sector specialisation to a fund’s survival? 
  • Which sectors can best support a specialist fund and weather a turn in the cycle? How does the scope for scalability compare for sector vs generalist funds?
  •  Are generalist funds at risk of extinction?
14:45 - 15:15 30 mins
Info
Stream C: Co-investing
Co-investment: growing demand for co-underwriting deals
  • Panellists Corentin du Roy - Managing Director, HarbourVest
  • What nuances in co-underwriting strategies exist and what is required get these deals over the line? 
  • What resources do you need as an LP and what makes a co-underwriter reliable?
  •  What do LPs need to see to gain enough conviction in a deal? With such fierce competition for syndicated deals, are they worth it?
15:15 - 15:45 30 mins
Info
Stream A: Value creation and growth equity
The role of growth equity
  • Panellists Roni Elchahal - Managing Director & Head of EMEA Capital Partnering, General Atlantic

Where is the most compelling deal flow and what business models are managers using to capitalise on this? With less leverage risk but higher cash burn, how are outsized returns being generated? What role does this strategy bring to a portfolio and how great is LP appetite?

15:15 - 15:45 30 mins
Info
Stream B: Strategy spotlights
Distressed and stressed investing: strategies to unlock value
  • Moderator Peter Laib - Chairman, YIELCO Investments
  • Which distressed strategies are best placed to capitalise in the lead up to, and during, a dislocation in the economy and how much variation is there in the relative risk/return profiles? 
  • How are concerns over scalability of this strategy and vunerabilty to market cycles overcome? 
  • What kind of exposure are LPs seeking and are net returns meeting expectations?
15:15 - 15:45 30 mins
Info
Stream C: Co-investing
Comparing views on co-investing best practice: GP vs LP

Uncut! Audience participation will be encouraged

  • How can an LP turn down a deal without burning bridges?
  • What is the best way for a GP to run a co-investment process?
  • What value can an LP bring to the table? How much LP involvement do GPs really want?
  • How can you be seen as the co-investment partner of choice?
15:45 - 16:15 30 mins
Afternoon coffee
16:15 - 16:45 30 mins
Info
Stream A : LMM
LMM: when big isn’t always beautiful
  • To what degree are LMM GPs having to adapt to survive? 
  • How are deals being sourced and returns generated? 
  • How critical is domain expertise in an increasingly competitive market, and who are the competitors?
16:15 - 16:45 30 mins
Info
Stream B: Strategy spotlights
Special situations: time to lean in?
  • Carve outs, transformations and turnarounds: what approaches are managers taking to source deals and extract value from complex situations at this point in the cycle? 
  • How great is LP appetite for this investment strategy?
16:15 - 17:15 60 mins
Info
Stream C: Fund showcase
Pitching station: live!

GPs will have the chance to secure a position on stage to pitch their fund to a panel of LPs

16:45 - 17:15 30 mins
Info
Stream A : LMM
LMM: country specific vs regional
  • Moderator Maria Sanz Garcia - Partner, YIELCO Investments

Debate: what is the best way to tap into the LMM? A comparison of country specific vs regional strategies

16:45 - 17:15 30 mins
Info
Stream B: Strategy spotlights
Infrastructure: comparing approaches
  • How is the definition of infrastructure broadening and how is this being reflected in the sectors/strategies being targeted and relative return expectations?
  •  Is too much capital chasing too few deals? Exploring the appetite for core infrastructure vs other emerging fund options, infrastructure vs PE value creation and strategies to avoid overpaying.
17:15 - 17:45 30 mins
Stream A : LMM
LP views on the LMM
  • Panellists Elias Korosis - Partner, Hermes GPE
17:15 - 17:45 30 mins
Info
Stream B: Strategy spotlights
Maximising value from real assets
  • To what degree can we expect the strong performance of real assets to continue?
  •  What specialisations exist and how do risk/return profiles compare? 
  • What should a real assets allocation bring to a portfolio and how are LPs striking a balance across the various niche strategies?
17:45 - 19:00 75 mins
SuperInvestor networking drinks reception
19:00 - 19:05 5 mins
End of main conference day 1