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Key Sessions

David Rubenstein

Keynote address

The Carlyle Group

08:00 - 08:30

Registration and welcome coffee

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Showing of Streams
Showing of Streams
Showing of Streams
Showing of Streams
11:10 - 11:35

Morning coffee and networking break

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Showing of Streams
Showing of Streams
13:00 - 14:10

Lunch and networking break

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Showing of Streams
15:45 - 16:15

Afternoon refreshments and networking break

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Showing of Streams
Showing of Streams
18:15 - 19:30

Gala networking drinks reception

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19:30 - 19:35
End of main conference day 1

End of main conference day 1

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08:00 - 08:30 30 mins
Registration and welcome coffee
08:30 - 08:40 10 mins
Day 1
Chairperson’s introduction
08:40 - 09:20 40 mins
Info
Day 1
2018, a year of transition: 2019, a whole new macro landscape?
  • Linda Yueh - Leading economist, broadcaster & commentator on global economic issues, Fellow in Economics at Oxford University; Former BBC Chief Business Correspondent, Oxford University

With a U.S. tax reform giving even more juice to the global economy, how much longer can we expect the good times to last? What could the impact be of a hike in interest rates, less ample liquidity and the expiration of the European Central Bank’s asset progress programme? And what of increasingly synchronised global economic growth and continued global diversification?

09:20 - 09:45 25 mins
Info
Day 1
Private equity state of the union 2018/2019
  • T. Bondurant French - Chairman, Adam Street Partner
  • Thomas von Koch - Managing Partner & CEO, EQT
  • David Rubenstein - Co-Founder & Co-Executive Chairman, The Carlyle Group
  • Gabriel Caillaux - Managing Director and Head of EMEA, General Atlantic

If you combine an economy that keeps growing with interest rates set to normalise and Central Banks withdrawing liquidity at a higher pace, we could be faced with a more complex exit environment, difficulty securing financing and negative net distributions. What could this mean for returns and deal activity moving into 2019, and who is most at risk?

09:20 - 09:45 25 mins
Engaged Conversations
Macroeconomics and politics
  • Linda Yueh - Leading economist, broadcaster & commentator on global economic issues, Fellow in Economics at Oxford University; Former BBC Chief Business Correspondent, Oxford University
09:45 - 10:15 30 mins
Info
Day 1
LP perspectives & allocation plans
  • Moderator Michael Schad - Head of Investment Management, Coller Capital
  • Geoffrey Geiger - Head of Private Equity Funds & Coinvestments, USS Investment Management

How are private markets viewed against other asset classes and where are LPs seeing most pushback from their investment committees? Given current market conditions and a risk of overexposure to private equity in the near future, what are LPs’ allocation and investment plans for 2019?

10:15 - 10:45 30 mins
Info
Day 1
Crystallising value and generating returns
  • James Brocklebank - Managing Partner, Advent International
  • Robert Lucas - Managing Partner, CVC

How are savvy managers navigating high prices and growing competition in today’s frothy market to generate superior returns? Faced with uncertain financial markets and increasing disruption, what is the smartest money purchasing?

10:15 - 11:10 55 mins
Info
Engaged Conversations
Diversity in private markets: how far have we really come?
  • Discussion Leaders Sweta Chattopadhyay - Senior Investment Manager, RPMI Railpen
  • Francesca Warner - Founding Partner, Ada Ventures

‘Off the record’ 

Closed door discussion. 

Run under the Chatham House Rule. Interacitve discussion encouraged. Places are limited.

10:45 - 11:10 25 mins
Day 1
Keynote address
  • David Rubenstein - Co-Founder & Co-Executive Chairman, The Carlyle Group
11:10 - 11:35 25 mins
Morning coffee and networking break
11:35 - 12:00 25 mins
Info
Day 1
The transformation of private equity
  • Moderator Anouk van der Boor - Investment Managing Director, Cambridge Associates
  • Panellists Allen MacDonell - Managing Director, Teacher Retirement System of Texas
  • Ruulke Bagijn - Managing Director, Head of Primary Investments, AlpInvest Partners
  • Frank Roeters van Lennep - CIO , Private Markets, PGGM
  • Michael Woolhouse - Managing Director, Head of Secondaries, CPPIB

Exploring the continued evolution of the LP/GP partnership and the rise of the asset gatherer and corporation, continuation funds, GPs selling majority stakes and longer term vehicles. What should industry make of these trends?

11:35 - 12:30 55 mins
Info
Engaged Conversations
Investment restrictions in the LPA: what’s fair?

Higher expectations, increased used of side letters and a closer relationship: how close are we to finding a happy medium?

12:00 - 12:30 30 mins
Info
Day 1
Private equity in the newsroom: LIVE!

Industry heavyweights respond to the most pressing industry headlines and events in real-time.

Topics will be revealed on the day. Hot off the press!

12:30 - 13:00 30 mins
Day 1
Keynote address
  • Jonathan Rotolo - Head of Private Equity/Real Assets, Barings
  • Stephen Smith - Chairman, Concord Music Group
13:00 - 14:10 70 mins
Lunch and networking break
14:10 - 14:15 5 mins
Stream A: Value add & the digital agenda
Afternoon Chair
14:10 - 14:15 5 mins
Stream B: Market updates & regional spotlights
Afternoon Chair
14:10 - 14:15 5 mins
Stream C: Today’s talking points
Afternoon Chair
14:15 - 14:45 30 mins
Info
Stream A: Value add & the digital agenda
Value add and accelerating change
  • Panellists Frédéric Stevenin - Chief Investment Officer & General Manager, PAI Partners
  • Selim Loukil - Head of Portfolio Support Group, Europe, Advent International
  • Roni Elchahal - Principal & Head of EMEA Capital Partnering, General Atlantic
  • Robert Ramsauer - Senior Managing Director, Blackstone

How is value add defined today and what does it take to be best in class? As emphasis moves from operational expertise to in-house domain specialists, what are the different value creation models being applied and to what extent are long-term plans being shaped by an increasing risk of disruption?

14:15 - 14:45 30 mins
Stream B: Market updates & regional spotlights
State of the private equity market 2018
  • Ian Charles - Partner, Landmark Partners
14:15 - 14:45 30 mins
Info
Stream C: Today’s talking points
You can’t eat net IRR: fund leveraging and credit lines
  • Joe Topley - Director, Ontario Teacher's Pension Plan
  • Andrew Brown - Head of Private Equity Research, Willis Towers Watson
  • Michael Dymond - Senior Portfolio Manager, APG Asset Management

What are the pros and cons of the increased use of bridge financing and credit facilities being adopted by GPs? As the use of credit lines rises, how can improved transparency help LPs to manage related terms and keep abreast of their exposure to ensure they are protected?

14:45 - 15:15 30 mins
Stream A: Value add & the digital agenda
Spotlight case study: a value creation success story
  • Noel Goggin - President & CEO, Aptos
  • Interviewed by Seth Brody - Partner and Global Head of the Operational Excellence Practice, Apax Partners
14:45 - 15:15 30 mins
Info
Stream B: Market updates & regional spotlights
UK and Brexit: still business as usual?
  • Moderator: Alex Barker - Principal, HarbourVest Partners
  • Panellists Richard Daw - Co-Managing Partner, Phoenix Equity Partners

Impending Brexit, retraction of the European Investment Bank and currency volatility: has the UK private equity market, so far, managed to come out unscathed? Exploring impacts to fundraising, deal flow and transaction activity. How are smart managers continuing to generate alpha?

14:45 - 15:15 30 mins
Info
Stream C: Today’s talking points
A new era: GP-led deals
  • Daniel Quinn - Partner, Investment Funds, O’Melveny & Myers

When does a GP led deal make sense and what is needed to make sure the stars align? How can various stakeholders prepare as these transactions become more commonplace?

15:15 - 15:45 30 mins
Info
Stream A: Value add & the digital agenda
Portfolio company digitisation
  • Marko Maschek - Partner & Co-Founder, Marondo Capital GmbH

What denotes a strong digital strategy and how can this affect the underlying value of a portfolio? What skillset do GPs need to facilitate the application of technology to their portfolio companies and what are the best examples to date? In a bid to remain ahead of the pack, are some GPs actually putting investments at risk?

15:15 - 15:45 30 mins
Info
Stream B: Market updates & regional spotlights
Southern Europe
  • Panellists Andrea Bonomi - Founder and Chairman, Investindustrial
  • Michele Semenzato - Managing Partner, Wise Equity SGR

How is political uncertainty affecting valuations, exits and the general appeal of the region as a PE investment hotspot? Where is the smartest being invested and do local GPs have the upper hand?

15:15 - 15:45 30 mins
Info
Stream C: Today’s talking points
Team retention and succession planning: it’s the people that matter
  • Moderator Mark Weston - Head of Investor Relations, Triton Partners
  • Panellists Søren Brøndum Andersen - Partner, ATP Private Equity Partners
  • Cem Meric - Partner, LGT Capital Partners
  • Horst Güdel - Managing Director, RWB PrivateCapital Emissionshaus

What measures are firms taking to prepare for and ensure a smooth transition of top management? What can be done to discourage spin-outs and hold on to ambitious employees who are next in-line? How reassured are LPs?

15:45 - 16:15 30 mins
Afternoon refreshments and networking break
16:15 - 16:30 15 mins
Stream A: Lower mid market
Mapping the mid market: data presentation
  • Holger Rossbach - Senior Director, Private Investments Research, Cambridge Associates
16:15 - 16:30 15 mins
Stream B: Regional spotlights
Behind the headlines: CEE and Turkey- What do the numbers tell us?
16:15 - 17:25 70 mins
Info
Stream C: In Conversation with...
In conversation with….industry legends
  • My Story #1 T. Bondurant French - Chairman, Adam Street Partner

 Titans of private equity share their story on the journey they have forged to reach the great heights they have today and lessons learnt along the way in a series of candid, exclusive interviews.

16:30 - 17:00 30 mins
Info
Stream A: Lower mid market
Drivers of LMM outperformance: how are they changing?
  • Holger Rossbach - Senior Director, Private Investments Research, Cambridge Associates

 How is an excess of dry powder being intelligently put to work and how is technology changing the sourcing engine for small buyout funds? What has driven recent strong exit activity and how sustainable is this?

16:30 - 17:00 30 mins
Info
Stream B: Regional spotlights
CEE and Turkey
  • Yalin Karadogan - Partner, Cinven
  • István Szőke - Partner, CVC Capital Partners
  • Lenna Koszarny - Founding Partner & CEO, Horizon Capital

Which strategies deliver in CEE and how does it compare to Western Europe in terms of opportunities, valuations, leverage and exit routes?

What are the factors beyond the headlines that have enabled Turkish private equity to perform?

17:00 - 17:30 30 mins
Info
Stream A: Lower mid market
Are independent country focussed LMM GPs being crowded out of the market?
  • Moderator Roberto Pilotto - Founder, The Blue Rider
  • Panellists Neil Harper - CIO, Morgan Stanley Alternative Investment Partners
  • Manuel Hertweck - Managing Partner, capiton

What are the drivers and consequences of a decrease in appetite for smaller, country focused funds? GP stake investment, multi-country products and partnering with larger firms: how are GPs changing their business model to survive? Can smaller, country focused GPs still be better performers in the long run and through the next downturn?

17:00 - 17:30 30 mins
Info
Stream B: Regional spotlights
Benelux
  • Ralf Gleisberg - Partner, Private Equity, Unigestion
  • Charly Zwemstra - Managing Partner, Main Capital Partners
  • Michiel Deturck - Partner, Vendis Capital

Where are the sweetspots for investment in the region? How does the current universe of investable companies, competition for deals and exit horizion vary from small cap to large buyout? Is better to back a specialist?

17:30 - 18:15 45 mins
Day 1
Special guest speaker
  • Tim Harford - Behavioural economist; BBC broadcaster and award-winning columnist, Financial Times
18:15 - 19:30 75 mins
Gala networking drinks reception
19:30 - 19:35 5 mins
End of main conference day 1