IIR & IBC Finance is part of the Knowledge and Networking Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Informa
Key Sessions

Lanhee Chen

US tax reform and its impact on private equity

Stanford University

08:15 - 09:00 45 mins
Main Conference sessions
Registration
08:15 - 09:00 45 mins
Breakout sessions
LP breakfast meeting
more

By Invitation Only: Open to pre – qualified pension funds, insurance companies, SFOs, foundations, endowments, DFI’s and SWFs only

09:00 - 09:05 5 mins
Main Conference sessions
Chair’s opening remarks
09:05 - 09:30 25 mins
Main Conference sessions
US tax reform and its impact on private equity
  • Speaker Lanhee Chen - Director of Domestic Policy Studies and Lecturer in Public Policy, Stanford University
more

Assessment of the new tax environment in the US for private equity. How do you respond?

09:30 - 09:50 20 mins
Main Conference sessions
Perspectives on global Private Equity in a volatile market
  • In conversation with Steve Pagliuca - Managing Director, Bain Capital
more

Lessons on achieving and sustaining growth in the current environment

09:50 - 10:25 35 mins
Main Conference sessions
Spin-outs and emerging managers
  • Moderator Jeff Gendel - Managing Director, Gen II Fund Services
  • Panellists Marc der Kinderen - Managing Partner, 747 CAPITAL
  • Alan Weinfeld - Partner, Gatewood Capital Partners
  • Christoffer Davidsson - Partner, Campbell Lutyens
more

Evaluating the LP interest in GP spin-outs. How do LPs evaluate first-time managers? Matching the LPs’ investment criteria. First time fund marketing strategies: alternate fund structures that help first time funds get to their first close. What risks are LPs willing to take with emerging managers?

09:50 - 10:25 35 mins
Breakout sessions
Closed door Q&A session: US tax reform
more

An in-depth overview of the tax reform and the changes to the Internal Revenue Code that impact private equity funds, their investors and their portfolio companies, as well as the transactions in which each engage. Topics under discussion:

  • Carried interest
  • Reduction in tax rates
  • Interest deduction limitation
  • Bonus depreciation
  • Sale of foreign investor’s interest
  • Territorial corporate tax system
10:25 - 10:45 20 mins
Main Conference sessions
Debate: Does size really matter?
  • Moderator Christopher Godfrey - Senior Partner, CEPRES GmbH
  • Speakers R. Narayan Chowdhury - Managing Director, Franklin Park
  • Robert Nolan - Managing Partner, Halyard Capital
more

Mega funds on the rise. What are their plans for deploying capital and generating the returns investors are looking for? Does it mean the end of small funds, or is there a silver lining for smaller and midsized managers? What makes a smaller fund attractive to LPs?

10:25 - 11:10 45 mins
Breakout sessions
Pathways to value investing – innovative models asset allocation
more

LP-only Too hot to touch session

Transforming inherited models of asset allocation in favour of new kinds of asset. How to adapt and shift towards new sources of value for future success

10:45 - 11:15 30 mins
Main Conference sessions
Networking break
11:10 - 11:40 30 mins
Breakout sessions
Succession planning in private equity
  • Facilitators Jesse Hurley - Managing Director, Market Manager for Global Fund Banking, Silicon Valley Bank
  • Jeffrey Jay - Senior Managing Director, Great Point Partners
  • John Haggerty - Managing Principal, Director of Private Market Investments, Meketa Investment Group
more

The guide for preparing the next generation

11:15 - 12:00 45 mins
Main Conference sessions
Playing the long game
  • Tom Blaisdell - Executive Director, Private Equity, Center for Private Equity & Entrepreneurship,, Tuck School of Business at Dartmouth
  • In conversation with Paul Carbone - Managing Partner, Pritzker Group Private Capital
more

What is driving firms to raise of long dated funds? How do they appeal to institutional investors?

11:40 - 12:35 55 mins
Breakout sessions
Family Office private luncheon meeting
12:00 - 12:30 30 mins
Main Conference sessions
Survivability and adaptability of strategies
  • Steve Brotman - Managing Partner , Alpha Venture Partners
  • In conversation with Howard Morgan - Partner, Senior Managing Director, Argand Partners
more
12:30 - 13:25 55 mins
Main Conference sessions
Networking lunch break
13:25 - 13:30 5 mins
Private credit and Distressed debt
Track Chair opening remarks
13:25 - 13:30 5 mins
Venture and Tech
Track Chair opening remarks
13:25 - 13:30 5 mins
Co-investments
Track Chair opening remarks
13:30 - 14:00 30 mins
Private credit and Distressed debt
LPs on Private credit
  • Moderator Michael Forestner - Co-CIO, Mercer Private Markets
  • Panellists Michael Hacker - Managing Director, Secondary Investments team, AlpInvest
  • Brett Hickey - Founder & CEO, Star Mountain Capital
  • Sheila Ryan - Managing Director, Cambridge Associates
  • Jonathan Bergman - Managing Director, TAG Associates
more
  • Diversification within Private credit strategies. What do LPs look at in terms of strategy selection?
  • How do LPs fit Private credit in their portfolios?
  • What are the drivers for decisions for those investing in Private credit?
  • Exploring risk profiles in Private credit
13:30 - 14:00 30 mins
Venture and Tech
Venture roundup
  • Panellists Drew Volpe - Partner, Procyon Ventures
  • Daniel Pianko - Managing Director, University Ventures
  • Russell Deakin - Managing Partner , Aceana Group
  • Moderator Felice Egidio - Head of Venture Capital, Preqin
more
  • Examining the latest trends in venture, tech and growth equity investing that are transforming the industry
  • Are ICOs disrupting the venture capital business?
  • Analysing the role and performance of Micro VCs: How can the traditional old-style venture compete?
  • Who are the emerging LPs in venture and tech?
  • Liquidity and DPI in venture: what are ways in which GPs can drive towards greater realized returns?
13:30 - 14:00 30 mins
Co-investments
How has co-investing changed?
  • Panellists Marc der Kinderen - Managing Partner, 747 CAPITAL
  • Jeffrey Jay - Senior Managing Director, Great Point Partners
  • Karl Schade - Managing Partner, Presidio Investors
  • Moderator Karl Beinkampen - President and CEO - Private Markets, Wilshire Associates
more

Progressing from traditional co-investments to independent and fundless sponsors. Fundless sponsors versus the traditional private equity firms: pros and cons

14:00 - 14:30 30 mins
Private credit and Distressed debt
Direct lending: fundraising and investor outlook
  • Moderator Theodore Koenig - President & CEO, Monroe Capital LLC
  • Panellists Bradley Mashinter - Senior Principal, Principal Credit Investments, CPPIB
  • Chris Grizzard - Senior Investment Analyst, Bayshore Capital Advisors
  • Tod Trabocco - Managing Director, Credit Investment Group, Cambridge Associates
more
  • Within the direct lending sector, how is investor interest divided between senior lending, unitranche and some subordinated debt exposure? 
  • Are LPs becoming more concerned about returns in the current environment? 
  • Does the return of covenant light structures signal a coming market peak? 
  • Will banks return to parts of the market?
14:00 - 14:30 30 mins
Venture and Tech
What makes a good growth equity investment?
  • Panellists Shawn O'Neill - Managing Director and Group Head of Waterman, Silver Lake
  • Brian Rich - Managing Partner, Catalyst Investors
  • Hythem El-Nazer - Managing Director, TA Associates
more
14:00 - 14:30 30 mins
Co-investments
LP appetite and approach to co-investing
  • Moderator Eric Harnish - Principal, Private Markets Research, NEPC
  • Panellists Brett Fisher - Managing Director, Fisher Lynch Capital
  • Brett Hickey - Founder & CEO, Star Mountain Capital
  • Spencer Miller - Director, SJF PARTNERS
more

How direct should LP involvement be in co-investing? LPs on building cornerstone partnerships. Where are the different ways investors do co-investments? When and at what levels do you charge a fee? How do you handle allocation issues when LPs require priority in exchange for large commitments? 

14:25 - 14:55 30 mins
Venture and Tech breakout sessions
Diversity issues in venture capital and tech investing
  • Facilitators Barbara Piette - Managing Principal, Knightsbridge Advisers
  • Patricia Lizarraga - Managing Partner, Hypatia Capital
  • Bronwyn Bailey - Vice President, American Investment Council
more

[Too hot to touch session]

14:30 - 15:00 30 mins
Private credit and Distressed debt
Distressed debt investing
  • Panellists Kelly DePonte - Managing Director , Probitas Partners
  • Todd Silverman - Principal, Meketa Investment Group
  • Peter Spasov - Partner, Marlin Equity Partners
more
  • Are investment opportunities heavily dependent on the market cycle, and where do we stand now? 
  • Do middle market companies (and funds focused on the middle market) present an entirely different environment? 
  • With the current level of competition, how easy is it the execute “loan-to-own” strategies?
  • What do LPs think of distressed debt?
14:30 - 15:00 30 mins
Venture and Tech
"The rise of the rest”: in search of an alternative venture ecosystem
  • Interviewer Thomas Wisniewski - Partner, RosePaul Investments 
  • John Kim - Managing Partner, HighBar Partners
more
14:30 - 15:00 30 mins
Co-investments
Fees for co-invest
  • Sascha Gruber - Partner, LGT Capital Partners
more

What do you pay for co-investments? What you should and shouldn’t pay ->

15:00 - 15:30 30 mins
Private credit and Distressed debt
Networking break
15:00 - 15:30 30 mins
Venture and Tech
Networking break
15:00 - 15:30 30 mins
Co-investments
Networking break
15:30 - 16:00 30 mins
Private credit and Distressed debt
Mezzanine: where is its place in the current market?
  • Ben Levin - Partner, Level Equity Management
  • In conversation with Tod Trabocco - Managing Director, Credit Investment Group, Cambridge Associates
more

Are sponsored or non-sponsored strategies more favoured by investors? Is some exposure to common equity necessary to deals? How interested are investors in fund level leverage?

15:30 - 16:00 30 mins
Venture and Tech
Accelerators and seed investing: the new kingmakers and gatekeepers in venture capital
  • Panellists Drew Volpe - Partner, Procyon Ventures
  • Rudina Seseri - Founder and Managing Partner, Glasswing Ventures
  • Maurice Gordon - Senior Managing Director & Head of Private Equity, Guardian Life Insurance
more

Are there too many or too few? Is there a gap in funding between Seed & A?  Are too many start-ups dying on the vine? Why did seed funding fall off a cliff, and what can be done about it?

15:30 - 16:00 30 mins
Co-investments
Benchmarking: which fund managers would make good co-investment partners?
  • Panellists John Kim - Managing Director, Kelso
  • Kent Kirkpatrick - Managing Director, Private Investments, Alberta Teachers' Retirement Fund
more

Case study

16:00 - 16:30 30 mins
Private credit and Distressed debt
Special Situations and Opportunistic Credit
  • Panellists Ted Goldthorpe - Managing Partner, BC Partners
  • Bill Cisneros - President, Primary Wave IP Investment Management
  • Gregory Bowes - Co-Founder & Managing Principal, Albright Capital Management
  • Cesar Gueikian - Portfolio Manager, Special Situations, Monroe Capital
more

Special situations funds tend to invest in distressed debt, but also in companies under stress – how different are opportunities in this sector and do they provide more steady deal flow? 

Opportunistic credit strategies can invest outside corporate debt – in such areas as whole loan portfolios, busted asset-backed, and bankruptcy claims – how differentiated are opportunities here?

16:00 - 16:30 30 mins
Venture and Tech
Early stage vs. mid vs. late stage investing: what is the best risk/reward strategy?
  • Moderator Brian Smiga - Partner, Alpha Venture Partners
  • Barbara Piette - Managing Principal, Knightsbridge Advisers
more
16:00 - 16:30 30 mins
Co-investments
Mitigating the key risks, negotiating and structuring a good co-investment deal
  • Panellists Richard Kunzer - Senior Partner, BC Partners
  • Karl Schade - Managing Partner, Presidio Investors
  • Sanjana Tiwari - Associate Director, BMO Global Asset Management
more
16:30 - 17:00 30 mins
Private credit and Distressed debt
Investing in innovative and uncorrelated strategies
  • Moderator Heinz Blennemann - Principal, Blennemann Family Investments
  • Panellists Alexander Loucopoulos - Principal, Sciens Capital
  • Rishi Ganti - Founder, Orthogon Partners
  • Russell Deakin - Managing Partner , Aceana Group
more
  • Royalty and royalty collateralized funds – how are they different?
  • Venture debt – is it truly a debt strategy?
  • Real estate and infrastructure debt funds – not directly correlated to PE but are they attractive?
16:30 - 17:00 30 mins
Venture and Tech
Tech roundtable discussions
  • Facilitators Rudina Seseri - Founder and Managing Partner, Glasswing Ventures
  • Michael Greeley - General Partner, Flare Capital Partners
  • Ryan Armbrust - Managing Director, ff Venture Capital
more

Table 1: Blockchain and cryptocurrencies

Table 2: AI, AR and VR

Table 3: Robotics

Table 4: Biotech and Healthcare tech

16:30 - 17:00 30 mins
Co-investments
The emergence of SVPs
more

End of life SPVs and Hedge Fund SPVs. Exploring the incentives for managers to bring such structures to market. What drives hedge fund investors to commit money to co-investment opportunities?

17:00 - 18:30 90 mins
End of Day One and offsite networking drinks reception
Showing of Streams
Showing of Streams
17:00 - 18:30

End of Day One and offsite networking drinks reception