2013 Global Private Equity Conference Agenda

Preliminary Conference Agenda
Please note panel titles and times are subject to change. For more information, please contact events@empea.net or call +1.202.333.8171.

Monday, 13 May 2013

10:30 a.m.-5:00 p.m.   3rd Annual Institutional Investors-Only Summit*
The Ritz-Carlton
*by invitation only

5:30-7:30 p.m.   EMPEA Members-Only Reception*
The Four Seasons
*Open only to EMPEA Members in good standing and other invited guests


Tuesday, 14 May 2013

7:00-8:30 a.m.   Registration and Breakfast

8:25-8:30 a.m.   Opening Remarks, Welcome and Special Appreciation Award

David Wilton, Chief Investment Officer, International Finance Corporation (IFC)
 

8:30-8:55 a.m.   Executive Address

Jim Yong Kim
, President, World Bank Group
 

8:55-9:15 a.m.   Keynote Address: The Post-BRIC World

Ruchir Sharma, Managing Director, Head of Emerging Markets and Global Macro, Morgan Stanley Investment Management; Author, Breakout Nations: In Pursuit of the Next Economic Miracles
 

9:15-10:05 a.m.   Plenary Panel: A Macro Perspective: Emerging Markets Opportunities & Trends

  • How is the current global investment climate affecting emerging markets private equity?
  • Which markets and sectors are expected to see greater investment activity over the next several years and why?
  • As legal and regulatory frameworks continue to evolve around the globe, how can investors navigate these issues successfully in emerging markets?
  • Consolidation is a continuing trend in private equity, resulting in fewer and larger fund managers. How do large pools of capital impact deal flow and market entry for smaller firms?

Moderator: Cristina Alesci, Anchor, Bloomberg Television

Hisham El-Khazindar, Co-Founder and Managing Director, Citadel Capital

Adiba Ighodaro, Partner, Investor Development Group, Actis

Piero Minardi, Partner, Gávea Investimentos

Robert Petty, Managing Partner and Co-Founder, Clearwater Capital Partners
 

10:05-11:05 a.m.   Plenary Panel: Getting In: How to Access the Emerging Markets Private Equity Asset Class

  • Which countries have the best capacity to absorb private equity investments and why?
  • What are the benefits and drawbacks of local fund managers’ “feet on the street” vs. the global asset managers with sector expertise in sourcing and managing the best deals?
  • Why hasn’t the demand for co-investments materialized into structured deals?
  • Do the benefits of diversification override the double layer of fees charged by fund of funds?

Moderator: Prakash Mehta, Partner, Co-Head Investment Management Practices, Akin Gump Strauss Hauer & Feld LLP

Jay Koh, Managing Director, Siguler Guff & Company

Jeffrey Leonard, President and Chief Executive Officer, Global Environment Fund (GEF)

Nabil Triki, Managing Director, Head of Private Equity, Swicorp

Gavin WilsonChief Executive Officer, IFC Asset Management

Yichen Zhang, Chief Executive Officer, CITIC Capital
 

11:05-11:25 a.m.   Networking and Refreshment Break

11:25 a.m.-12:10 p.m.   Workshop Sessions 
   

Impact Investing: Profit with Purpose

  • What is an impact investment and what differentiates it from other emerging markets investments, including those made by development finance institutions?
  • What approaches are taken by investors for monitoring and assessing impact?
  • How do investors and business owners balance the profit motivation with the objective to create positive impact and how are conflicts between the two objectives managed?
  • What is the typical profile for impact investments, and are there certain sectors or geographies that are particularly desirable in the current investment climate?

Moderator: Matthew BishopUS Business Editor and New York Bureau Chief, The Economist

Amy Bell, Executive Director, Social Finance, J.P. Morgan

Andrew Kuper, Founder and President, Leapfrog Investments

Dipender SajulaManaging Director, Capricorn Investment Group, LLC

Rekha UnnithanGlobal Social and Community Investing, TIAA-CREF
 
   

Regional Spotlight: Latin America

  • What place should Latin America have in global private equity programs? Has Latin American private equity finally come of age?
  • Are local pools of capital ready to replace international Limited Partners? Is it getting too crowded in some places?
  • Which markets and sectors offer the best opportunities?
  • What drives Latin America deal flow? Where are the exits?

Moderator: Ralph Keitel, Principal Investment Officer, Private Equity Investment Funds Department, International Finance Corporation (IFC)

Hector CaterianoManaging Director, MAS SEAF Equity Partners

Ricardo ProphetaCo-Head of Private Equity and Managing Director, BRZ Investimentos

Marcus RegueiraManaging Partner, FIR Capital

Mario Spinola, Managing Partner, Victoria Capital Partners
 

12:10-12:55 p.m.   Plenary Panel: Harvesting Investments - Creative Exits & Restructurings

  • What steps are managers in the once-active IPO markets of China and India taking to cope with the continuing drought? Are the prospects for listing improving?
  • How prevalent are dividend recapitalizations in emerging markets and what are the risks? What other non-traditional liquidation options are yielding results?
  • Are cash-rich corporates beginning to spend in emerging markets? For which sectors and markets does the outlook for trade buyers look most promising?

Moderator: Jennifer Choi, Acting Chief Executive Officer, Emerging Markets Private Equity Association (EMPEA)

Philip BassGlobal Private Equity Markets Leader, Ernst & Young Representative

Sanjay Nayar, Chief Executive Officer, KKR India Advisors Pvt. Ltd.

Ziad OueslatiManaging Director and Co-Founding Partner, AfricInvest-TunInvest Group

Stuart SchonbergerManaging Director, CDH China Management Company Limited

12:55-1:55 p.m.   Networking Lunch

1:55-2:40 p.m.   Plenary Session: Is the Middle Market the Sweet Spot?

  • In 2009, 96 emerging market funds held final closes on an average fund size of US$192 million, versus 84 funds closing on an average of US$419 million in 2012. What are the overall effects of this consolidation on the market?
  • Has this concentration of private equity capital flows hindered LPs’ ability to access mid-market growth opportunities and viable emerging market-based businesses operating in the middle market segment?
  • Are intermediaries, such as fund of funds, a solution for LPs wishing to funnel capital to the middle market or are they part of the problem by supporting larger funds themselves?

Moderator: Nadiya Satyamurthy, Senior Director, Emerging Markets Private Equity Association (EMPEA)

Runa Alam, Co-Founding Partner and Chief Executive Officer, Development Partners International (DPI)

Thomas C. BarryChief Executive Officer and Founder, Zephyr Management, L.P.

Melissa Ma, Co-Founder and Managing Partner, Asia Alternatives Management

Maninder SalujaCo-Head, Emerging Markets Private Equity, Quilvest Group
 

2:40-3:00 p.m.   Networking Coffee Break

3:00-3:45 p.m.   Regional Roundtables
   

Track A: China

  • Given the changing landscape of private equity in China, where are the opportunities for the next 3-5 years?
  • What are the critical success factors for China focused private equity firms today versus pre-2008? What are the most pressing challenges?
  • Is there a case for sector focused funds in China? Which sectors should be represent and where?
  • Is there a case for cross border deals between China and other countries? What are the models that will present the greatest opportunities?
  • Is the China IPO market going to return? Is M&A gaining popularity in exiting Chinese companies? Who are the buyers? What are the key challenges for executing this exit strategy?

Moderator: Dave Barry, Vice President, Falk Marques Group

Chong Min Lee, Managing Partner, CMIA Capital Partners

Zhi YangManaging Partner & Founder, BioVeda China Fund

George ZhangManaging Director, SEAF-Sichuan SME Investment Fund

Yichen ZhangChief Executive Officer, CITIC Capital
 
   

Track B: Mexico

  • How does Mexico’s prominence as an “Aztec Tiger” affect the deal environment?
  • Will structural reforms such as the “Pact for Mexico” make the energy and telecommunications sector attractive for investment?
  • Four years since the first CKD issuance, what role will local pension funds play in the development of the industry over the next 2-3 years?
  • What are the greatest challenges attracting international LPs to invest in Mexico?

Moderator: Ted Hickey, Manager, Data Program, Emerging Markets Private Equity Association (EMPEA)

Gustavo Eiben, Director, Abraaj Mexico

Andres Obregon, Director, EMX Capital

Juan Pablo Visoso, Managing Director and General Counsel, Nexxus Capital

Felipe Vilá GonzálezDirector General, Fondo de Fondos
 
   

Track C: MENA

  • Has the impact of the Arab Spring created persisting difficulties or are new opportunities in the making? How has it affected LP priorities in the region?
  • What is the role of sector funds in the region? Are there prospects in healthcare and climate change / cleantech?
  • Are opportunities to be found in stable locations like the Gulf Cooperation Council and Morocco? How about post-conflict growth potential in Iraq and Libya?
  • Is regional expansion and integration a viable strategy for Middle Eastern companies? Can private equity funds facilitate regional expansion?

Moderator: Kamran Anwar, EMEA Head of Private Equity, Citi Private Equity Services

Geoffrey Fink, Managing Director and Head of Investments, Delta Partners

Ennis RimawiFounder and Managing Partner, Catalyst Private Equity

Helmut Schühsler, Chairman and CEO, TVM Capital MENA

Karim El SolhCo-Founder and Chief Executive Officer, Gulf Capital PVT JSC
 
   

Track D: Russia

  • Is Emerging Europe getting back on track for economic growth after years of financial crisis and Euro zone spillover? How are the prospects for Private Equity in CEE in the new environment?
  • How does the Russian government's activities in the private equity and venture capital sectors affecting the private equity climate?
  • Is Russia emerging as a new "Silicon Valley"? What are the prospects for Eastern Europe and Turkey?
  • Are LPs showing more interest in Russia and Emerging Europe? What is the outlook for fundraising in 2013?

Moderator: Baris Gen, Senior Investment Officer, International Finance Corporation (IFC)

David Bernstein, Partner, Baring Vostok Capital Partners

Anne FossemalleDirector, Equity Funds, European Bank for Reconstruction and Development

Drew Guff, Managing Director and Founding Partner of Siguler Guff & Company 

3:45-4:30 p.m.   Regional Roundtables
   

Track A: Sub-Saharan Africa

  • With the increased number, diversity, and size of funds in the region, can we confirm that African private equity has come of age?
  • What has been the impact of the growth of private equity intermediaries, normally found in more established markets?
  • What are some examples of value add by fund managers that have resulted in increased value of investments, including quality and variety of exists?
  • What are the unique challenges that investors still face in Sub-Saharan Africa?

Moderator: Erika van der MerweExecutive Director, SAVCA

Ngalaah Chuphi, Partner, Ethos Private Equity

Hurley Doddy, Co-CEO, Emerging Capital Partners (ECP)

Okechukwu EnelamahChief Executive Officer, African Capital Alliance

Dabney Tonelli, Investor Relations Partner, Helios Investment Partners LLP 
 
   

Track B: Frontier Markets

  • How do regulatory issues in the Frontier Markets impact GPs and their business decisions?
  • Given the fund raising climate today, which LPs are most attracted to investment opportunities in the Frontier Markets?
  • In what ways does the due diligence process differ in Frontier Markets versus other markets?
  • What are best practices for building local teams in these markets?

Moderator:  Peter Tropper, Chief Investment Officer, Private Equity Group, International Finance Corporation (IFC)

Douglas Clayton, Chief Executive Officer, Leopard Capital

Jake Cusack, Managing Partner, CrossBoundary

Khalid Quadir, CEO and Founding Partner, Brummer & Partners

Sujeev Shakya, Co-Founder and Chief Executive Officer, Beed Management
 
   

Track C: India

  • Where are the exits in India today, and what are the current valuation trends?
  • Will the general partner population shrink?
  • After the lack of enthusiasm for Indian private equity in the past couple of years, is the sentiment turning, and if so, is it a sustainable trend?
  • Do secondary sales represent a pattern that is becoming mainstream?

Moderator: Vikram RajuPrincipal Investment Officer and Lead, South Asia, International Finance Corporation (IFC)

Akhil Awasthi, Managing Partner, Tata Capital Growth Fund

Gulpreet Kohli, Managing Director, ChrysCapital

M.K. Sinha, Managing Partner & CEO, IDFC Alternatives Limited

George ThomasFounder and Managing Director, CapAleph Advisors India Private Limited
 
   

Track D: Southeast Asia

  • Is the private equity story in Southeast Asia sustainable? What drives deal flow and exits?
  • How real is the ASEAN one economy integration in 2015? What are the implications for PE investors?
  • What are the key challenges in running a regional PE business in Southeast Asia vs. a country-focused business?
  • In which countries and which sectors are the most relevant PE opportunities?
  • Besides investment, what else do companies in Southeast Asia need?
  • Should Southeast Asia regional focused PE funds include or exclude frontier markets such as Myanmar, Cambodia and Laos in their strategy? Why? How?

Moderator: Jame DiBiasioEditorial Director, Haymarket Financial Media

Panaikorn ChartikavanijManaging Director, Lakeshore Capital

Steven Cowan, Founder, 57 Stars LLC

David Do, Managing Director, VI Group

Rodney Muse, Co-Managing Partner, Navis Capital Partners Ltd.
 

4:30-4:50 p.m.   Networking Coffee Break

4:50-5:05 p.m.   Keynote Interview

David Bonderman, Founding Partner, TPG

Interviewer: Georgina Baker, Director of Trade and Supply Chain, International Finance Corporation (IFC)
 

5:05-5:55 p.m.   Plenary Session: Unlocking Diverse Sources of Capital

  • What are the different types of institutional investors that are looking to allocate in the emerging market private equity space?
  • How does the type of institution and/or geographic focus dictate private equity and emerging markets private equity allocations?
  • What due diligence and reporting standards are required for different types of institutions?
  • How are institutional investors using emerging markets private equity investments to compliment their overall portfolios?

Moderator: Shasha Dai, Special Writer, Dow Jones Private Equity Analyst

Andrew Murray, Vice President, Morgan Stanley Alternative Investment Partners

David Turner, Managing Director, Head of Private Equity, Guardian Life Insurance Company

Dong-ik LeeChief Investment Officer, Korea Investment Corporation
 

5:55-6:00 p.m.   Closing Remarks

David Wilton, Chief Investment Officer, International Finance Corporation (IFC)

6:00-7:00 p.m.   Cocktail Reception

Wednesday, 15 May 2013

7:15-8:30 a.m.   Limited Partners-Only Breakfast, hosted by EMPEA*
*by invitation only

7:15-8:30 a.m.   Registration and Coffee

8:30-8:40 a.m.   Welcome Remarks

Jeffrey Leonard
, Chairman, Emerging Markets Private Equity Association (EMPEA)

8:40-9:05 a.m.   Keynote Interview

Jin-Yong Cai, Executive Vice President & CEO, International Finance Corporation (IFC)

Interviewed by Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School
 

9:05-9:35 a.m.   Keynote Address: The End of Power - From Boardrooms to Battlefields and Churches to States, Why Being In Charge Isn't What It Used to Be

Moisés Naím, Senior Associate, International Economics Program, Carnegie Endowment for International Peace
 

9:35-10:20 a.m.   Plenary Session: Boom or Bust: The Outlook for Emerging Markets Private Equity in 2013 and Beyond

  • What are the global expectations for liquidity and what will be the impact on private equity?
  • Which countries could be impacted by tighter monetary policy?
  • How will emerging market stock markets impact institutional investors’ appetite for private equity in these markets?

Moderator: Henny SenderChief Correspondent, International Finance, Financial Times

Teresa BargerManaging Director, Cartica Capital Management

Brian LimPartner, Pantheon

William F. Meehan IIILecturer in Strategic Management, Stanford University Graduate School of Business and Director Emeritus, McKinsey & Company

Philip Suttle, Chief Economist & Deputy Managing Director, International Institute of Finance (IIF)

10:20-10:40 a.m.   Networking and Refreshment Break

10:40 a.m.-11:25 a.m.   Workshops
   

Track A: Terms & Conditions

  • What will be the likely impact of increased industry regulation across the globe on fund terms and conditions with regard to funds operating in emerging markets?
  • What are the current trends in management fees, carried interest, key person and distribution provisions, etc.? How have terms evolved in the new global financial landscape?
  • How are co-invest programs being implemented, and what do GPs and LPs need to consider in these situations?
  • What are the disclosure requirements around conflicts of interest, and how are conflicts managed?
  • How is the private equity model evolving? Are new structures for investing outside of the normal pooled direct investment vehicle becoming more prevalent?

Moderator: Mara Topping, Partner, White & Case LLP

Hany AssaadCo-Founder & Chief Portfolio, Risk and Compliance Officer, Avanz Capital

Sebastiano BottioSenior Legal Counsel, International Finance Corporation (IFC)

Mark Kenderdine-DaviesGeneral Counsel and Company Secretary, CDC Group plc

Kola OlofinbobaPartner, Fairview
 
   

Track B: Investing in Women

  • Is investing in women smart economics?
  • Are there economic benefits to investing in women-owned businesses?
  • Which regions or market segments have been overlooked?
  • Should managers be aware of specific characteristics of women-owned businesses?

Moderator: Henny SenderChief Correspondent, International Finance, Financial Times

Dina Habib Powell, Global Head, Corporate Engagement and President, Goldman Sachs Foundation

Jackie VanderBrug, Senior Vice President, U.S. Trust

Melanne VerveerAmbassador-at-Large for Global Women's Issues, U.S. Department of State
 
   

Track C: SMEs

  • What are the unique opportunities and challenges within the SME space?
  • Are there specific geographies or sectors that lend themselves to successful SME investments more than others?
  • Are ticket sizes and deal pipelines an issue?
  • How can SME firms prove the value of their model in a competitive investment climate?

Moderator: Veronica Chau, Partner, Dalberg Global Development Advisors

Nazeem MartinManaging Director, Business Partners Ltd

Jean-Marc Savi de Tové, Partner, Cauris Management

Jean-Philippe de SchrevelChief Executive Officer, Bamboo Finance

Scott McDonough, Managing Director, Alta Growth Capital
 

11:25-12:10 p.m.   Workshops
   

Track A: Compliance issues for GPs

  • What are the compliance challenges facing GPs today?
  • How do increases in regulatory oversight (i.e. Dodd Frank, Basel III, and AIFMD) impact GPs operating in emerging markets?
  • What anticipated new compliance requirements should GPs be preparing for today and how?
  • What best practices should PE firms consider in implementing internal compliance programs

Moderator: Jordan UrstadtDirector and General Counsel, Capital Dynamics

Benjamin AllerPartner, SJ Berwin

Gordon Meyers, Chief Counsel, Technology and Private Equity, International Finance Corporation (IFC)

Peter O'DriscollPartner, Orrick, Herrington & Sutcliffe LLP
 
   

Track B: Increased Role of the Credit Market

  • Why is the role of the credit market increasing in the current global investment climate?
  • What are the major challenges that firms are facing as they move into the credit space?
  • How can this sector improve its profitability and perception in the marketplace?
  • What are alternative structures for higher returns and impact - Evergreen/Open-Ended structures?

Moderator: Michael Casey, Director, Emerging Markets Private Equity Association (EMPEA)

David CreightonPresident & CEO, Cordiant Capital

Benjamin FangerCo-Founder, Shoreline Capital

William R. PearceActing Head of Investment Funds, Overseas Private Investment Corporation (OPIC)

Patrick O'BrienPartner, ADM Capital
 
   

Track C: Resource efficiency investments

  •  Is the worst over yet for Cleantech investments?
  • Where are the opportunities in broad environment sectors such as pollution reduction, water treatment and service and energy efficiency?
  • How are risks assessed for investing in renewables under the new generation of incentive and regulatory regime for renewable?
  • What are examples of exits for renewable projects?

Moderator: Nicholas Parker, Founding Managing Partner, Global Acceleration Partners Inc.

Cyrille ArnouldHead of GEEREF, European Investment Bank (EIB)

Tony Lent, Senior Managing Director, Wolfensohn & Co. 

Frederick LongFounder & Managing Partner, Olympus Capital

George SorensonManaging Director, FE Global Clean Energy
 

12:10-1:30 p.m.   Networking Lunch

1:20-1:45 p.m.   Networking and Refreshment Break

In-Depth SEctor Seminar: Back to Basics - Investing in Real Assets: Commodities, Energy, Farmland, Infrastructure, Timber

1:45-1:50 p.m.   Welcome Remarks

Jeffrey Leonard, Chairman, Emerging Markets Private Equity Association (EMPEA)

1:50-2:20 p.m.   Keynote Interview: Investing in Infrastructure
Former President and Member of the Executive Board of Banco Nacional De Desenvolvimento Economico e Social (BNDES) Explores Brazil's Infrastructure Story and Why it is Better than it Looks

Demian FioccaManaging Partner, MARE Investimentos

2:20-3:05 p.m.   Plenary Session: Commodities and the Growth of the Global Middle Class

  • The increase in the middle class in the emerging markets is expected to drive global commodity prices higher.
  • What are the implications for oil and gas, livestock and agricultural commodities and related industries?
  • Given access to electricity is a key enabler for growing middle classes in emerging markets, what are the implications for both the generation business and the consumers in these economies?
  • Can power generation be added in an environmentally sensitive manner and still meet the rapid growth requirements?

Moderator: Daniel Bases, Global Investment Correspondent, Thomson Reuters

Jason ChengCo-Founder and Managing Partner, Kerogen Capital

Scott MackinManaging Partner and Co-President, Denham Capital

John Michael Streithorst, Partner and Head of Private Equity, Modal Administradora de Recursos

Rogerio Studart, Alternative Executive Director, World Bank

3:05-3:50 p.m.   Plenary Session: Building an Effective Infrastructure and Real Assets Model in Emerging Markets

  • Which infrastructure and real assets sectors present the most compelling investment thesis in emerging markets?
  • How do investment strategies differ between the diverse range of infrastructure and real assets opportunities from real estate and timber, to energy, telecom, mining and beyond?
  • How have uncertain conditions in global real estate markets created opportunities and challenges for real estate investors in emerging markets?
  • What are the special governmental, regulatory and other issues that investors must consider when dealing with infrastructure and real asset investments?

Moderator: Joncarlo MarkCo-Founder, Upwelling Capital Group

Dmitriy Antropov, Vice President Private Infrastructure, Partners Group

Bruno GuilmetteSenior Vice President, Infrastructure Investments, PSP Investments

Brent de JongChief Executive Officer, Zaff LLC

Parag ShahManaging Partner, Mahindra Partners
 

3:50-4:10 p.m.   Networking and Refreshment Break

4:10-4:55 p.m.   Plenary Session: LP Perceptions of Real Assets - Navigating Risks for Unique Opportunities

  • What are the perceived risks and benefits that LPs associate with investments in this sector?
  • Do LPs approach real assets and infrastructure investing differently than other types of PE investments?
  • What do LPs look for in a real assets or infrastructure investment? What do they look for in a fund manager in this sector?

Moderator: David SnowCo-Founder and Chief Executive Officer, Privcap

Paulus IngramSenior Portfolio Manager, APG Asset Management

Maria KozloskiManaging Director, Lockheed Martin Investment Management Co.

Carlos RangelSenior Portfolio Manager, W.K. Kellogg Foundation

David RogersPartner, Caledon Capital Management
 

4:55-5:00 p.m.   Closing Remarks

Jeffrey Leonard, Chairman, Emerging Markets Private Equity Association (EMPEA)

5:00-6:00 p.m.   Cocktail Reception

Thursday, 16 May 2013

9:00 a.m.-4:00 p.m.   EMPEA Fundraising Masterclass
The Ritz-Carlton
*additional registration required