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Informa

08:10 08:30 (20 mins)

Main agenda

Registration

08:25 08:30 (5 mins)

Main agenda

Chairperson's introduction

08:30 09:05 (35 mins)

Main agenda

Politics and markets: Digesting 2017 and gazing into 2018

  • Bobby Vedral - Partner, Goldman Sachs

09:05 09:35 (30 mins)

Main agenda

Politics USA: taking the temperature of the administration and the nation

What do the results of the November local elections tell us, how is sentiment in Trump country and what is going on inside the administration? How are the Democrats preparing for 2019? 

  • Mary Jordan - National Correspondent, Washington Post

09:35 10:05 (30 mins)

Main agenda

Private equity: nimble, disruptive, opportunistic

How can private equity navigate through global geopolitical uncertainty and take advantage of potential dislocations? To what extent do macro trends influence what is typically seen as a micro play in PE, and how do investment teams turn threats into opportunities? How can managers ensure they have the flexibility and creativity to recognise and respond to emerging trends, and how do they best communicate to investors subsequent changes in strategy?

  • Moderator Helen Steers - Partner, Head of European Investment Team , Pantheon
  • Panellists James Brocklebank - Managing Partner, Advent International
  • Thomas von Koch - Managing Partner & CEO, EQT

10:05 10:30 (25 mins)

Main agenda

Keynote address

10:05 10:55 (50 mins)

Engaged conversations

Engaged conversation: politics and markets

Boardroom session run strictly under the Chatham House rule

  • Leader Mary Jordan - National Correspondent, Washington Post

10:30 10:55 (25 mins)

Main agenda

Morning coffee

10:55 11:20 (25 mins)

Main agenda

Keynote address

  • David Rubenstein - Co-Founder & Co-CEO, The Carlyle Group

11:20 11:50 (30 mins)

Main agenda

LPs: Where are the opportunities in the world now?

How should LPs deploy their record distributions and excess capital in today’s frothy market? Where should capital be invested, when asset prices are so high? How can investors protect their portfolio in advance of a correction and how are LPs evolving what they do? 

  • Panellists Robert Coke - Head of Absolute Return & Buyout Investments, The Wellcome Trust
  • Maarten Vervoort - Managing Director, Alpinvest Partners
  • Greg Gut - CIO, Shell Asset Management Company
  • Mike Powell - Head of Private Markets Group, USSIM

11:50 12:20 (30 mins)

Main agenda

Private equity 2030

Examining trends in new fund structures, fund families, long-term investing, directing investing and separately managed accounts, increasing transparency, explosive growth of the secondaries and private debt markets, liquidity in management companies. Will we recognise the industry in 2030?

  • Panellists Lionel Assant - Senior Managing Director, Head of European Private Equity, Blackstone
  • Jeff Diehl - Managing Partner & Head of Investments, Adams Street Partners

12:20 13:00 (40 mins)

Main agenda

Special guest speaker

13:00 14:10 (70 mins)

Main agenda

Lunch

14:10 14:40 (30 mins)

C: Mid-market

Brand new data: a comparison of fund size in Europe and North America

Followed by lower mid-market showcase

14:10 15:10 (60 mins)

A: VC, growth and disruption

Growth equity, venture growth & growth buyout

What are the return expectations and loss ratios in growth equity and how do these compare to venture and PE? Is this sustainable?

Data presentation followed by panel:  How can superior returns be achieved in Europe & how scalable is the opportunity? In a volatile IPO market & what are the available exit routes?

  • Panellists Elias Korosis - Partner, Hermes GPE

14:10 14:40 (30 mins)

B: GP differentiation

Differentiation & specialisation

How will the new generation of sector specialists perform in Europe? What are the success factors in a fragmented market?

  • Panellists Jasper van Gorp - Managing Partner, Gilde Healthcare
  • John Hahn - Senior Managing Director, Providence Equity Partners

14:40 15:10 (30 mins)

C: Mid-market

Mid market deal sourcing

How are mid market managers proactively sourcing deals in today’s highly competitive market? Where do they see opportunities and what are the consistently effective strategies for adding value?

  • Panellists Stefano Bonfiglio - Managing Partner, Stirling Square Capital Partners

14:40 15:10 (30 mins)

B: GP differentiation

Value creation in figures: Portfolio company look-through: understanding what is driving returns at the portfolio company level.

How does this compare across cycles?

15:10 15:40 (30 mins)

C: Mid-market

LPs on the mid market

Is the mid market worth the effort? Experiences of an investor.  One investor examines whether it is possible to create a diversified mid-market portfolio of consistently top quartile funds?

Followed by panel.

How do LPs view differentiation in the mid market and what niche strategies are most appealing? What are their return expectations in this highly competitive environment?

  • Presenter & panelist Susanne von Gültlingen - Investment Partner, Head of Private Equity Asset Management, Siemens Venture Capital
  • Panellists Gordon Hargraves - Partner, Private Advisors

15:10 15:40 (30 mins)

A: VC, growth and disruption

Venture capital

Latest VC performance data: is the European VC uptick set to continue? How is the VC ecosystem evolving in Europe and what does this mean for investors?

Data presentation followed by panel. 

Venture capital and disruption: What themes will deliver the most exciting returns over the next few years? How has the European ecosystem evolved to capitalise on the next disruptive advances?

  • Panellists Christian Meerman - Founding Partner, Cherry Ventures
  • Suranga Chandritillake - General Partner, Balderton Capital
  • Moderator Anne Glover - Chief Executive & Co-Founder, Amadeus Capital Partners

15:10 15:40 (30 mins)

B: GP differentiation

Value Creation: How are GPs innovating to add value at the top of the cycle?

Is ebitda growth inherently better than multiple expansion?

 

16:00 16:30 (30 mins)

A: VC, growth and disruption

Start-up & scale-up: How should LPs be approaching European VC? Is it worth considering VC if the top five funds are not an option?

  • Moderator William van Eesteren - Managing Director, Wilshire Private Markets
  • Panellists Jason Andris - Managing Director, Venture Investment Associates

16:00 16:15 (15 mins)

E: Distressed, turnarounds and special situations

Data: Distressed, turnarounds & special situations How does the current opportunity set differ from previous cycles?

16:00 16:30 (30 mins)

D: Private equity game changers

Long-term investing in private equity

To what extent do long-dated funds and evergreen structures address the inefficiencies of the ten-year fund cycle? How do the economics work for LPs and GPs? When is this type of vehicle appropriate and how can you incentivise the team and structure the fund?


  • Moderator Andrew Brown - Head of EMEA private equity research, Willis Towers Watson

16:00 16:45 (45 mins)

Engaged conversations

Bridge financing closed door boardroom session

- How do banks view potential deals and how do they model how loan portfolios will perform in a downturn?
- What are banks doing differently from 2007?
- What are the potential benefits to LPs of fund financing?
- How do GPs balance the competing interests of their LPs?
- How does this impact returns, performance and benchmarking?
- What is the impact on incentivisation in GPs and LPs and what are the implications?

Engaged conversations run strictly under the Chatham House rule

16:15 16:45 (30 mins)

E: Distressed, turnarounds and special situations

Distressed, turnarounds & special situations

How do the different strategies compare and which part of the market should LPs be investing in? What options are on the table – in Europe and beyond?

16:30 17:00 (30 mins)

A: VC, growth and disruption

Core thesis soapbox: top VC funds will have five minutes each to explain what they think is the next hottest trend & why, & how they plan to capitalise on it

16:30 17:00 (30 mins)

D: Private equity game changers

Investing into managers

What are the drivers behind groups buying an interest in private equity firms? How are potential conflicts of interest managed, and what are the planned routes to exit?

16:45 17:00 (15 mins)

E: Distressed, turnarounds and special situations

Distressed, turnarounds & special situations showcase

17:00 17:45 (45 mins)

Main agenda

Special guest speaker

  • Miles Hilton-Barber, Blind Adventurer

17:45 18:30 (45 mins)

Main agenda

Networking drinks reception

18:30 18:30 (0 mins)

Main agenda

Close of main conference day 1