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08:15 08:30 (15 mins)

Main agenda

Registration

08:30 08:40 (10 mins)

Main agenda

Chairperson's introduction

08:40 09:15 (35 mins)

Main agenda

Politics and markets: Digesting 2017 and gazing into 2018

  • Bobby Vedral - Partner, Goldman Sachs

09:15 09:45 (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

09:45 10:15 (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 Thomas von Koch - Managing Partner & CEO, EQT
  • Cathrin Petty - Partner and European Head of Healthcare, CVC
  • Steven F Mayer - Senior Managing Director, Co-Head of Global Private Equity, Cerberus Capital Management

10:15 10:45 (30 mins)

Main agenda

Fireside Chat

10:10 10:50 (40 mins)

Engaged conversations

Engaged conversation: politics and markets

Boardroom session run strictly under the Chatham House rule

  • Leader Mary Jordan - National Correspondent, Washington Post
  • Jay Wintrob - CEO, Oaktree Capital Management

10:40 11:05 (25 mins)

Main agenda

Morning coffee

11:10 11:35 (25 mins)

Main agenda

Keynote address

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

11:35 12:05 (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? 

  • Moderator Graham McDonald - Global Head of Private Equity, Aberdeen Asset Management
  • 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

12:05 12:35 (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
  • Jay Wintrob - CEO, Oaktree Capital Management
  • Michael Rees - Head, Dyal Capital Partners

12:20 13:00 (40 mins)

Engaged conversations

Engaged conversation: private equity 2030

Will the trend towards an increase in transparency and reporting will there be a difference between public and private equity?  Will PE achieve maturity in which performance will be indexed and trackers created?  How will private equity continue to deliver mid teen returns?

  • Hosts Jos van Gisbergen - Senior Portfolio Manager, Achmea Investment Management
  • Yusuf Samad - Investment Principal, Pension Protection Fund

12:35 13:50 (75 mins)

Main agenda

Lunch

13:50 14:10 (20 mins)

Main agenda

Delegate QuickFire Showcase

14:05 14:10 (5 mins)

C: Mid-market

Chair's introduction

  • Chair Louis Trincano - Managing Partner, Cornerstone Fund Placement

14:05 14:05 (0 mins)

B: GP differentiation

Chair's introduction

  • Chair Mark O'Hare - Founder, Preqin

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

  • Holger Rossbach - Senior Director, Private Investments Research, Cambridge Associates

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
  • Louis Elson - Co-Founder & Managing Partner, Palamon Capital Partners

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?

  • Moderator Peter Schwanitz - Managing Director, Portfolio Advisors
  • Panellists Jasper van Gorp - Managing Partner, Gilde Healthcare
  • John Hahn - Senior Managing Director, Providence Equity Partners
  • Nino Tronchetti Provera - Founder & Managing Partner, Ambienta

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?

  • Moderator Ped Phrompechrut - Portfolio Manager, Private Markets, Willis Towers Watson
  • Panellists Stefano Bonfiglio - Managing Partner, Stirling Square Capital Partners
  • Maite Ballester - Managing Partner, Nexxus Iberia

14:40 15:00 (20 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?

  • Mauro Pfister - Senior Director and Head of Solutions, Capital Dynamics

15:10 15:40 (30 mins)

C: Mid-market

Is the mid market worth the effort? Experiences of an investor

5 minute presentation: 
One investor examines whether it is possible to create a diversified mid-market portfolio of consistently top quartile funds?

Susanne von Gültlingen, Investment Partner, Head of Private Equity Asset Management, Siemens Venture Capital

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 & Panellist Susanne von Gültlingen - Investment Partner, Head of Private Equity Asset Management, Siemens Venture Capital
  • Moderator Holger Rossbach - Senior Director, Private Investments Research, Cambridge Associates
  • Panellists Gordon Hargraves - Partner, Private Advisors
  • Søren B. Andersen - Partner, ATP Private Equity Partners
  • Rhonda Ryan - Managing Director, Head of EMEA, Pavilion Alternatives Group Ltd

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?

  • Moderator Anne Glover - Chief Executive & Co-Founder, Amadeus Capital Partners
  • Panellists Christian Meerman - Founding Partner, Cherry Ventures
  • Suranga Chandritillake - General Partner, Balderton Capital
  • Nils Granath - Head of Investments, Telia Company

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?

 

  • Moderator David Schäfer - Head of Portfolio Management, RWB Group
  • Panellists Ulrik Smith - Partner, FSN Capital

15:40 16:00 (20 mins)

Main agenda

Afternoon coffee

15:55 16:00 (5 mins)

D: Private equity game changers

Chair's introduction

  • Chair Mark O'Hare - Founder, Preqin

15:55 16:00 (5 mins)

E: Distressed, turnarounds and special situations

Chair's introduction

  • Chair Louis Trincano - Managing Partner, Cornerstone Fund Placement

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
  • Anselm Adams - Director, Senior Portfolio Manager , PECA - Family Office

16:00 16:30 (30 mins)

E: Distressed, turnarounds and special situations

Opportunities in distressed debt

What are the predicted underlying drivers of distressed debt and NPLs in 2018 & where will the new opportunities be?

  • Moderator Peter Laib - Chairman, Yielco Investments
  • Panellists Cyril Tergiman - Partner, EQT Partners

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
  • Panellists Marc St John - Partner, Investor Relations, CVC
  • Georges Sudarskis - Founder & CEO, Sudarskis & Partners
  • Andrea C. Bonomi - Founder and Managing Principal, Investindustrial

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

16:30 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

Topic & Speaker TBC

16:30 17:00 (30 mins)

E: Distressed, turnarounds and special situations

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?

  • Moderator Richard Chapman - Investment Director, SL Capital
  • Panellists Eduardo Navarro - CEO, Sherpa Capital
  • Daniel Collin - Co-Chief Executive Officer and Founding Principal, Monomoy Capital Partners

17:00 17:40 (40 mins)

Main agenda

Special guest speaker: the blind adventurer

Despite losing his sight in his early twenties, Miles Hilton-Barber’s quality of life and level of success was radically transformed at the age of 50, not through sight restoration, but through changing his attitude to his blindness. Since then Miles has undertaken extreme endurance events in the fields of mountaineering, desert and polar ultra-marathons, power-boat racing, scuba-diving, motor-racing and long distance, aerobatic and supersonic flying.

  • Miles Hilton-Barber, Blind Adventurer

17:40 18:40 (60 mins)

Main agenda

Networking drinks reception

18:40 18:40 (0 mins)

Main agenda

Close of main conference day 1