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Key Sessions

Steven Wang

Keynote: founding private equity and venture capital funds

Highlight Capital

08:30 09:00 (30 mins)

Fundraising & LP/GP Relations Summit

Registration and welcome coffee

08:50 09:00 (10 mins)

Fundraising & LP/GP Relations Summit

Chair's welcome address

  • Pamela Fung - Principal, Morgan Stanley Alternative Investment Partners

09:00 09:20 (20 mins)

Fundraising & LP/GP Relations Summit

LP allocations to China: brand new data

Which LPs are allocating to China today? Who is managing their capital? Is the LP base for Chinese private equity evolving?

  • Ee Fai Kam - Head of Asian Data & Research Data Centre, Preqin

09:20 09:50 (30 mins)

Fundraising & LP/GP Relations Summit

Private wealth in China

How is Chinese private wealth diversifying into private equity? What opportunities are being considered and are family offices favouring Chinese or global opportunities? How important is the process of institutionalisation and what has prompted it?

  • Moderator Xiao Li - CIO, CJ Capital
  • Panellists Seungha Ku - Partner, Head of Offshore Private Equity, CreditEase
  • Rui Nie - CEO, Rainbow Capital
  • Simon Chan - Senior Vice President, Noah Holdings (Hong Kong) Limited

09:50 10:30 (40 mins)

Fundraising & LP/GP Relations Summit

Due diligence

What questions are GPs asking as the market landscape shifts and matures? How are LPs identifying the people and factors truly responsible for the success of a fund manager?

  • Moderator Judy Zhang - Senior Investment Director, Cambridge Associates Investment Consultancy
  • Panellists Jacob Chiu - MD & Head of Asian Private Equity, HQ Capital
  • Ally Zhang - Managing Director, Siguler Guff & Company
  • Myron Zhu - Co-Head of Private Equity Asia Pacific, Aberdeen Asset Management

10:30 10:55 (25 mins)

Fundraising & LP/GP Relations Summit

Morning Coffee

10:55 11:25 (30 mins)

Fundraising & LP/GP Relations Summit

The dos and don’ts of positioning Chinese private equity to LPs

  • Moderator Gail Guerin - Founder, The Guerin Group
  • Panellists Ben Harburg - Partner and COO, MSA
  • Kimihiro Fukuyama - Deputy Director General, Growth & Cross-Border Investment Department, Development Bank of Japan
  • Pamela Fung - Principal, Morgan Stanley Alternative Investment Partners

11:25 11:50 (25 mins)

Fundraising & LP/GP Relations Summit

Keynote: founding private equity and venture capital funds

  • Steven Wang - Managing & Founding Partner, Highlight Capital

11:50 12:40 (50 mins)

Fundraising & LP/GP Relations Summit

Data spotlight: emerging markets and Chinese private equity returns

Part 1: Emerging markets private equity

How has emerging markets private equity stacked up against developed markets private equity in the current market conditions?

11.50 - 12.15

Presented by Judy Zhang, Cambridge Associates Investment Consultancy

Part 2: China

How has private equity performed relative to other asset classes?

12.15 - 12.40

Presented by Simon Tang, CEPRES

  • Judy Zhang - Senior Investment Director, Cambridge Associates Investment Consultancy
  • Simon Tang - Partner, CEPRES GmbH

12:40 13:40 (60 mins)

Fundraising & LP/GP Relations Summit

Lunch

13:40 14:25 (45 mins)

Fundraising & LP/GP Relations Summit

Co-investment strategies

How far down the road are LPs in developing their co-investment capabilities? What skillsets are they adding to their teams to execute these deals? how are GPs and LPs aligning interests and combining capabilities in order to ensure that the right deals get done?

  • Moderator Jireh Li - Chief Representative, Commonfund Capital
  • Panellists Sally Shan - Managing Director , HarbourVest Partners (Asia)
  • Chris Loh - Partner, Axiom Asia Private Capital
  • Frances Wang - Director, IDI Emerging Markets Partners
  • Ben Harburg - Partner and COO, MSA

14:25 15:10 (45 mins)

Fundraising & LP/GP Relations Summit

Manager selection: strategy and fund review

How are LPs assessing a manager’s strategic direction? What capabilities do they look for particularly in managers pursuing niche/differentiated strategies? Can LPs quantify the discipline of a manager to invest wisely according to their investment thesis? How important to LPs is the target size of a fund?

  • Moderator Edwin Chan - Managing Director, Probitas Partners
  • Panellists Lay Hong Lee - Founding Partner & Managing Director, Eagle Asia Partners
  • Yan Yang - Managing Director, BlackRock
  • David Wilton - Managing Director, Morgan Stanley AIP

15:10 15:30 (20 mins)

Fundraising & LP/GP Relations Summit

Afternoon Coffee

15:30 16:25 (55 mins)

Fundraising & LP/GP Relations Summit

Partnership models and terms and conditions

How far past 2 & 20 are we – what is the new normal for terms and conditions? Has the time of the LP stake and co-investment model passed? What are GPs prepared to be flexible on and what are they not? Are there other ways for investors to partner with private equity funds beyond the traditional LP/GP model?

This session consists of a 20 minute panel discussion, followed by speaker/moderator-led roundtables with the audience for 25 minutes. The panel will then come back to the stage to summarise the discussions on their tables and sum up for 10 minutes.

  • Moderator Harry Hui - Founder & Managing Partner, ClearVue Partners
  • Panellists Anthony Chan - CEO, Isola Capital
  • Vincent Huang - Founding Managing Partner, Juntong Capital
  • Kazushige Kobayashi - Managing Director, Capital Dynamics

16:25 17:00 (35 mins)

Fundraising & LP/GP Relations Summit

Too hot to touch: developing LP/GP dialogue

What do LPs and GPs need to change in order to streamline their communications for mutual benefit?

  • Discussion Leaders Kazushige Kobayashi - Managing Director, Capital Dynamics
  • Leenong Li - Partner, Joy Capital

17:00 18:20 (80 mins)

Fundraising & LP/GP Relations Summit

LP only drinks reception, hosted by MSA