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Upcoming Events

HKVCA PE Fundamentals Course 2023

Date: Tuesday, 26 September 2023
Venue: Online / Diamond Room, CUHK Business School Town Centre, Unit B, 1/F, Bank of America Tower, 12 Harcourt Road, Central, HK
Time: 10:00 to 12:30

 Date Time (HKT) Session Venue CPT / CPD
Sept 26 10:00-12:30 Module 1: PE Basics & VC Investment CUHK + Online 2
Oct 10 10:00-13:10 Module 2: The Investment Decision CUHK + Online 2.5
Oct 17 10:00-12:50 Module 3: Valuation & Tax Issues CUHK + Online 2.5
Oct 24 10:00-13:00 Module 4: Transaction Documentation HKUST + Online 2.5
Oct 31 10:00-13:10 Module 5: ESG, Portfolio Management & Exit Strategies HKUST + Online 2.5
Nov 14 10:00-13:10 Module 6: Fundraising Overview HKUST + Online 2.5
Nov 23 10:00-13:10 Module 7: Compliance and Case Study HKUST + Online 3


  • CUHK: Diamond Room, CUHK Business School Town Centre, Unit B, 1/F, Bank of America Tower, 12 Harcourt Road, Central, HK
  • HKUST: HKUST Business School Central, 1501-02, Hong Kong Club Building, 3A Chater Road, Central, Hong Kong

The HKVCA’s Private Equity Fundamentals Course returns in full in 2023, with seven newly updated modules that have been purposefully designed to provide participants with deep knowledge and the ability to examine and analyze private equity and venture capital. The course is highly relevant for new professionals just entering the industry and for those who may have wide experience but are seeking to update their skills. It is also vital for those who may have attended the course in previous years but require a refresher due to a host of recent changes to regulations and an investment environment that remains in flux.
Delivered by the industry’s foremost experts, the modules cover the entire investment process, from fund-raising strategy and distribution of returns to buyouts and exits, dealing with such issues as fund strategies, tax, cross-border transactions, legal and regulatory structures, marketing, deal making, and management of portfolio companies.

Co-hosts:   Sponsored by


Who should enrol? 

Experienced industry professionals looking to refresh their skills 

Successful PE and VC professionals are adept at managing the shifting business environment between GPs and LPs, as well as GPs and their investees. At the same time, regulations and the investment environment are constantly changing. As a result, the HKVCA regularly updates the Course’s curriculum and contents, providing industry professionals with the most efficient way to equip themselves with the latest industry tools to address specific challenges and a deeper understanding of investment opportunities in the industry. 

New entrants to the profession 

The Private Equity Fundamentals Course features seven structured modules that have been specially designed to provide participants comprehensive information as well as thorough analysis of the private equity and venture capital industry. The program provides opportunities for candidates to deepen their understanding of the private investment market and help them acquire relevant fundraising and exit knowledge in a complex market.  



   HKVCA Member  Non-Member
 Per Module#  HK$1,600   HK$3,500
 All 7 Sessions#  HK$8,960   HK$19,600
Group Discount: Register in a group of 3 persons or more from the same company and enjoy a 10% discount

#Online passes may not be used for in-person attendance. For those with online passes who would like to attend in person, please email at least three (3) working days prior to the event. The Association will confirm your in-person attendance if there is space available. No refunds will be provided for cancellations. 

CPT and CPD points can be claimed after attending each session.

Participants have to follow the start and finish times as stated, otherwise CPT/CPD points may be deducted.

Participants who would like to claim CPD points have to update their Mandatory CPD Training Records with the CPD points for the course. 

A certificate will be granted upon completion of each session.

Materials will not be provided for every session.

Module 1: PE Basics & VC Investment
10:00 - 10:05 Opening Remarks
K. O. Chia,
HKVCA Institute
for Private Capital
10:05 – 10:45

Introduction to Private Equity

  • How does private capital fits in the financial asset class
  • The impact & role of PE in the wider society beyond financial services sector
  • Types of PE transactions – VC, MBO, LBO, PTP
  • Types of PE funds (seed stage, growth/expansion stage, pre-IPO, buyout, mezzanine, distressed)
  • The role of the fund principal sponsors/general partners/investment advisers
10:45 –11:15

Crisis Management considerations in the PE sector

  • Implications of the current volatile market dynamics
  • Managing Crisis & Risk Management
  • Plan for readiness for future crisis
11:15 – 11:30 Break
11:30 – 12:30
  • Introduction and overview of early-stage investment
  • How early-stage investors screen deals: The selection process and criteria
  • Valuation of early-stage investment
  • VC post investment

Gordon Yen,

Founding Managing Partner,
Radiant Tech Ventures

Module 2: The Investment Decision
10:00 – 11:00

Deal Sourcing/ Preliminary Assessment of a Potential Deal

  • Right management?
  • Right industry?
  • Right company?

Investment Committee Proposal

Due Diligence

  • Financial, legal and operational
  • Due diligence procedures

Philip Hu,

Founding Member & Managing Director,
Primavera Capital
11:00 – 11:10 Break
11:10 – 12:10

Deal Financing

  • Equity finance for acquisition vehicles
  • Debt finance for acquisition vehicles

Kenny Chen,

Senior Vice President
CDIB Capital

12:10 – 12:20 Break
12:20 – 13:10 Legal Framework for investing in Asia/China & Cross-border

Maureen Ho,

Partner, Hong Kong
Morrison Foerster

Julia Lee,
Associate, Hong Kong,
Morrison Foerster

Yilong Luo,
Associate, Hong Kong,
Morrison Foerster

Module 3: Valuation & Tax Issues
10:00 – 10:50

Valuation Issues

  • What is fair value?
  • Private equity life cycle: Different motives for valuations
  • Commonly used valuation approaches
  • Discounts and premiums
  • Impact of the pandemic on business valuation

Yvonne Dunn,

Executive Director,
Ernst & Young

10:50 – 11:00 Break
11:00 – 11:50

“High Level” Tax Issues

  • Basic considerations
  • Indirect and direct transfer
  • QFLP and QDLP
  • Unified fund exemption regime and tax concession for carried interest
  • Economic substance rule

Patrick Yip

Vice Chair,
Deloitte China
11:50 – 12:00 Break
12:00 – 12:50

Tax Considerations in Structuring PE Funds

  • Typical Asia PE fund structures and tax considerations
  • Hong Kong and Singapore - an overview
  • OFC, VCC and LPF

Sandy Fung,


Johnson Tee,

Tax Director

Module 4: Transaction Documentation
10:00 – 10:50

Deal Protection and Risk Allocation Issues

  • Protecting the deal via exclusivity arrangements and break/termination fees
  • Allocating risk via warranties, indemnities, disclosures and other contract provisions

Bryan Koo,
Clifford Chance

Julie Fu,
Clifford Chance

10:50 – 11:00 Break
11:00 – 12:00

Non-leveraged Transactions / VC Transactions

  • Term sheets
  • Articles of association of target company: terms of shares/anti-dilution issues/transfer procedures
  • Investment/subscription agreement and shareholders agreement: information rights, board representation, investor protection covenants
  • Management carrots and sticks: milestones, ratchets, options, warrants, terms of service agreements/non-competes
  • Other documents

Brian Lee,
General Counsel,
FountainVest Partners

12:00 – 12:10 Break
12:10 – 13:00


  • Term sheet
  • Acquisition agreement
  • Other documents
  • Financial and security documentation

Wayne Bannon,

Managing Director and General Counsel, Asia,
The Carlyle Group

Jamie He,
The Carlyle Group

Module 5: ESG, Portfolio Management & Exit Strategies
10:00 – 11:00

Post-Investment Management

  • Why Portfolio Management is Important
  • Value Creation Levers
  • Corporate Governance, Management and Alignment
  • Monitoring Reports and Tools
  • Control vs. Minority Investments
  • Key Lessons Learned

Queenie Ho,

Affinity Equity Partners
11:00 – 11:10 Break
11:10 – 12:00 ESG and DEI
Rebekah Earp,
ESG Director,
12:00 – 12:10 Break
12:10 – 13:10

Exit Strategies

  • Trade sales
  • Secondary
  • IPOs

Min Lin,

Partner (Shenzhen),
TPG NewQuest
Module 6: Fundraising Overview
10:00 – 11:00

Established PE Funds

  • Use of offshore domiciles or onshore LPF regime
  • Fund structure (limited partnership/investment companies) and documents
  • Functionaries (fund administrators, custodian)
  • Regulatory issues on fund formation (licensing, securities laws, anti-money laundering issues)

Lorna Chen,

Asia Regional
Managing Partner &
Head of Greater China,
Shearman & Sterling
11:00 – 11:10 Break
11:10 – 12:00


  • Fundraising landscape & Strategy
  • What’s the situation in the current volatile environment
  • Why LPs invest in private equity
  • Types of LPs that invest in PE funds
  • What LPs expect of GPs
  • How to approach LPs

Wendy Zhu,

Partner, Managing Director & Global Head of Primary Fund Investments,
AlpInvest Partners

Josh Jacob,

Managing Director,
Constellar Capital Partners

12:00 – 12:10 Break
12:10 – 13:10
  • IR role in fund raising 
  • LP reporting and technical expertise
  • How GPs govern their funds
  • How fund management and governance are evaluated (metrics, etc.) by LPs

Haide Lui,

Head of Investor Relations,
Ascendent Capital Partners
Module 7: Compliance and Case Study
10:00 – 11:30 Compliance Matter in Private Equity

Matt Bower,

Allen & Overy

Charlotte Robins,

Head of Hong Kong Regulatory practice,
Allen & Overy

Noah Gellner,
Managing Director,
CPP Investments

11:30 – 11:40 Break
11:40 – 13:10 Case Study - HKBN

Winnie Peng,

Director, Roger King Center for Asian Family Business and Family Office, HKUST;
Adjunct Associate Professor, Finance, HKUST

NiQ Lai,

Group CEO

Alvin Lam,

CVC Capital Partners



Instructors' bio

K.O. Chia, President, HKVCA Institute for Private Capital

Mr Chia brings 40+ years of diverse international experience as family office C-suite executive, venture capitalist, entrepreneur and corporate executive in the technology and consumer sector across Asia, Europe and U.S. 


Gordon Yen, Founding Managing Partner, Radiant Tech Ventures Limited

Gordon is the Founding Managing Partner and licensed Responsible Officer (CE No. ABF837) of Radiant under the Hong Kong Securities and Futures Ordinance (SFO) for Type 9 (asset management) regulated activity with over 25 years of operational and board level experience in private and listed companies involving cross-border investments, global supply chain, offshore manufacturing and infrastructure businesses.  He has been involved in innovation and technology venture investments since the late 1990s through managing corporate and venture capital fund investments as well as investments as angel investor in transactions involving startups from Israel, Greater China and North America.  He is currently the Non-executive Vice Chairman and Non-executive Director of Fountain Set (Holdings) Limited (SEHK: 0420), an Independent Non-executive Director and Chairman of Sustainability Committee of Impro Precision Industries Limited (HKEX:1286), an Independent Non-executive Director of Asia Allied Infrastructure Holdings Limited (HKEX:711), the Chairman of the Hong Kong Business Angel Network and has previously served as Independent Non-Executive Director of Hopewell Holdings Limited and Hopewell Highway Infrastructure Limited as well as Director of GS1 Kong Kong.  Gordon graduated magna cum laude from Boston University with a BSc degree in Manufacturing Engineering and obtained an MBA from McGill University and a DBA from the Hong Kong Polytechnic University.


Philip Hu, Founding Member & Managing Director, Primavera Capital

Philip is a founding member of Primavera Capital and sits on the Leadership Committee, the Strategic Partnerships Committee, the Portfolio Management Committee, the Operations Committee, among others. Prior to Primavera, Philip worked in investment banking based in Hong Kong and a hedge fund based in San Francisco. He holds a Bachelor of Science from Cornell University.


Kenny Chen, Senior Vice President, CDIB Capital

Kenny is a Senior Vice President in CDIB Capital's Hong Kong office. Prior to joining CDIB Capital, Kenny was an Associate in the Investment Banking Division of Barclays, where he focused on the origination and execution of Leveraged Finance and Loan Capital Markets transactions in the Asia-Pacific region. Prior to Barclays, Kenny was a Senior Consultant at Deloitte & Touche's Capital Markets Structured Products team based in New York. During his MBA program, Kenny also worked as a Summer Associate in the Financial Sponsors and Leveraged Finance group at UBS Investment Bank in New York.

Kenny holds an MBA from Yale School of Management and a BS with dual concentrations in Accounting and Finance from Boston College, and is a Certified Public Accountant in the State of New York.


Maureen Ho, Partner, Morrison Foerster

Maureen’s practice focuses on advising private equity and real estate funds, and financial and corporate investors in all aspects of their investment cycle, including private and public mergers and acquisitions, leveraged buy-outs, infrastructure investments, joint ventures, as well as pre-IPO investments, bolt-on acquisitions and corporate restructurings. Maureen also has experience advising clients in corporate carve-outs, management buy-outs and general corporate matters. She has been recently named ‘Rising Star’ in Private Equity category in Asia-Pacific region by International Financial Law Review (IFLR), and has also been listed as one of the ‘Hong Kong Raising Stars’ by Asian Legal Business 2023.

Prior to joining Morrison Foerster, Maureen worked in a leading international law firm’s Hong Kong and London offices, during which she was a secondee at The Carlyle Group for seven months advising its Asia team in their investments and disposals.

Maureen speaks English, Cantonese and Mandarin.


Julia Lee, Associate, Hong Kong, Morrison Foerster 

Julia Lee is an associate in Morrison Foerster’s Hong Kong Office. Her practice spans across cross-border M&A, joint ventures, private equity, venture capital financings as well as corporate restructurings.

Prior to joining Morrison Foerster, Julia was an associate in the Hong Kong office of a major international law firm.

Julia is fluent in English, Cantonese, and Mandarin.


Yilong Luo, Associate, Hong Kong, Morrison Foerster

Yilong’s practice focuses on mergers and acquisitions, private equity investments, as well as other general corporate matters.

Yilong received a J.D. cum laude from Cornell Law School in 2017, where he was a notes editor of the Cornell Law Review.

Prior to joining MoFo, Yilong practiced in New York and London as an associate of two leading international firms. He is fluent in Mandarin, Cantonese and English.


Yvonne Dunn, Executive Director, Ernst & Young

Yvonne Dunn is an Executive Director of Ernst & Young with over 15 years of valuation and investment
advisory experience in China and Hong Kong. Yvonne specializes in business valuation and has
undertaken a number of business and intangible asset valuation engagements for M&A transactions,
restructuring and financial reporting purposes. Yvonne has prior experience in sell-side and buy-side
investment advisory firms and has also been extensively engaged in portfolio valuation for private
equity and venture capital clients. She has also participated as speakers in workshops for several
institutions including State Taxation Bureau of Guangdong Province, Hong Kong Financial Services
Institute, RICS etc


Patrick Yip, Vice Chair, Deloitte China

Patrick Yip, an experienced international tax partner, is Vice Chair of Deloitte China. He specializes in US International taxation, China-Hong Kong cross-border taxation and structuring M&A transactions. His clients include some of the largest private equity funds, sovereign funds and multinational companies in China and the US. He also advises high-net worth individuals on multijurisdictional trust and estate planning. In addition, he is a specialist in FATCA and CRS.

Patrick previously worked in San Francisco (in another Big 4 firm's International Tax Group) and at Deloitte US' Washington National Tax Office (International). He regularly speaks at seminars and conferences and is widely published and frequently interviewed by the press. He has been involved in tax policy discussions with both the Hong Kong and Chinese tax authorities. He is fluent in English and Chinese (Cantonese and Mandarin).

He graduated from the University of Texas at Austin with an MPA Degree in Taxation (Highest Honors) and a BBA Degree in Accounting (High Honors). He completed the Senior Executive Program for China at Harvard Business School. He also has an MBA degree (Hons) from the University of Chicago and a law degree (Hons) from the University of Cambridge.

He is a member of the AICPA and HKICPA. He won an award in the State of Texas for his CPA exam results. He was named by International Tax Review as a Leading Individual in Tax.


Sandy Fung, Partner, KPMG

Sandy is a tax partner in KPMG’s Asset Management group. She has more than 20 years of experience in performing tax structuring and advisory services to alternative investment funds including hedge funds, credit funds, special situation funds, real estate and infrastructure funds, private equity funds, venture capital funds etc. She also has extensive experiences in performing tax due diligence reviews and investment structuring in connection with M&A transactions.

Sandy was an in-house tax advisor for several global Private Equity Funds. She has substantial experiences in implementing the proposed investment, ownership, financing structures and performing restructuring. She has also been focused on advising the potential tax issues that may arise from the Asset Management and the Exit stages.

Sandy provides tax advisory services on investment structures in the Asia Pacific region and cross-border transactions. She advises on all aspects of investment structures, including substance requirements, ownership and holding structures, financing arrangements, debt push down strategies and divestment scenarios. Many of the assignments involve the effective use of double tax treaty and consideration of the potential direct, indirect, withholding taxes, capital and stamp duties etc. 

Sandy has extensive experiences in dealing with Hong Kong tax audit cases in fund industries. Sandy is a Bachelor of the Professional Accountancy in The Chinese University of Hong Kong and a Bachelor of Law in The University of London. She is a Member of the of the Hong Kong Institute of Certified Public Accountants (HKICPA), a fellow of UK Association of the Chartered Certified Accountants, a Member of The Institute of Taxation in Hong Kong, an Associate of the Chartered Governance Institute UK & Ireland, and an Associate of the Hong Kong Chartered Governance Institute (HKCSI).


Johnson Tee, Tax Director, KPMG


Johnson is a Director in the Hong Kong Corporate Tax practice.  Johnson has 20 years of Hong Kong and Malaysian corporate tax experience.

Professional and Industry Experience

  • Johnson is in the Hong Kong corporate tax department, specializing in Financial Services. 
  • Johnson has a portfolio of clients in different industries including funds, financial services, trading, manufacturing, etc.  His experience includes the preparation of corporate tax returns, responding to tax queries, advising on transactions, etc.
  • Johnson is a member of the Hong Kong GCMS team and has experience is coordinating regional tax compliance projects.
  • Johnson has also involved in regional compliance, mergers & acquisition and restructuring engagements
  • Johnson has a wide range of experience in the establishment and structuring of offshore funds, advising on operating protocols for funds, assistance with applying for treaty benefits and advising on the structuring of management fees and carried interest.
  • Johnson was also seconded to a Canadian pension fund to act as their interim tax director a period of 8 months.  During his stint, he was involved in involved in multiple transactions making investments in India, New Zealand and the PRC.  His responsibilities also included managing the compliance process for multiple jurisdictions, finalization of transfer pricing documents, establishing operating protocols in India and Hong Kong to manage permanent establishment risk, and advice on establishing economic substance in Hong Kong and Singapore


Bryan Koo, Partner, Clifford Chance

Bryan Koo specialises in M&A. He regularly advises private equity funds, corporates and financial institutions on public and private M&A transactions in Asia, including leveraged buyouts, takeovers, minority investments and joint ventures.


Julie Fu, Partner, Clifford Chance


Julie Fu specialises in PE investments and M&A. She regularly advises private equity funds, multinational corporates and financial institutions on cross-border buyouts, minority investments, secondary investments, PIPE, disposals and joint ventures. Her industry experience includes consumer goods and retail, technology, real estate, healthcare, manufacturing and financial institutions.


Brian Lee, General Counsel, FountainVest Partners

Brian Lee is the general counsel of FountainVest Partners, a leading China focused private equity firm.

FountainVest’s investments are long-term oriented and target high-growth industry leaders both in China and in businesses having a strong China nexus. Its core focus is to invest in the Consumer, Media & Technology, Healthcare, Industrials and Financial Services sectors. FountainVest works closely with management teams to create value in the areas of strategy, operations, human resource management, finance, industry consolidation and governance.

Prior to joining FountainVest, Brian was working in the Hong Kong office of a well-known offshore law firm. His legal experience includes (i) corporate finance and corporate restructuring matters such as fundraising transactions for venture and private equity investments, mezzanine and pre-IPO financing, IPOs on global stock exchanges such as Hong Kong, Nasdaq, NYSE, China A-share, Singapore and London, note and bond issuances of listed and unlisted entities, mergers and acquisitions, takeovers and privatisations, backdoor listings and company reorganisations; and (ii) fund-related matters such as the structuring and establishment of offshore private equity and venture investment funds. He had also previously worked in the investment banking and legal fields in Singapore and as a venture capitalist in Shanghai focused on China-related investments. He received a bachelor of laws (honours) degree from the University of Bristol.


Wayne Bannon, Managing Director and General Counsel, Asia, The Carlyle Group

Wayne Bannon is General Counsel for The Carlyle Group in Asia. The Carlyle Group opened its first office in Asia in 1998 and has nine offices across seven countries with dedicated investment teams operating across buyout, growth capital, leveraged loans, and energy sectors. Carlyle has invested over US$18bn across Asia since 1998. Wayne joined Carlyle in 2007 having previously worked for a number of years in Tokyo as regional counsel for the Securitized Products Group and the Leveraged Finance Group of a US Investment Bank and prior to that position Mr. Bannon worked in the London, Tokyo and Hong Kong offices of the international law firm Allen & Overy LLP.


Jamie He, Director, The Carlyle Group

Jamie He is a Director in the Global Legal Investment department. Jamie joined Carlyle in January 2020 and is based in Hong Kong.

Jamie’s practice focuses on international corporate mergers & acquisitions, and she provides dedicated assistance to private equity investment teams in Asia, across all sectors.

Prior to joining Carlyle, Jamie was the Legal Counsel for Permira, covering private equity investments in Asia across a wide range of sectors. Before that, Jamie was an associate in the corporate team at Freshfields Bruckhaus Deringer in Hong Kong. Jamie received her law degree from National University of Singapore. Jamie is admitted as a Solicitor of the High Court of Hong Kong, and as an Advocate and Solicitor of the Supreme Court of Singapore.

Jamie was named in Asian Legal Business (ALB)'s "Asia 40 Under 40" list in 2022, and her team was awarded "Financial Services In-House Team of the Year" at the ALB Hong Kong Law Awards 2022. Jamie was also shortlisted as "ALB Woman In-house Lawyer of the Year" in 2022 and 2021.


Queenie Ho, Partner, Affinity Equity Partners

Queenie Ho is a Partner and Head of Investor Relations at Affinity Equity Partners. Queenie joined Affinity in 2004. She is a Member of the Investment Committee, and Valuation and Portfolio Review Committee of Affinity.  She currently serves on the board of directors of Trimco International. Before joining Affinity, Queenie was a management consultant at McKinsey & Company. Queenie holds a BSc in Economics with first-class honours from the London School of Economics, a MPhil in Finance with distinction from the University of Cambridge and an MBA from Harvard Business School.


Rebekah Earp, ESG Director, CVC

Rebekah joined CVC in June 2022 and is part of the Asia Operations team, which is involved throughout the ownership of portfolio companies to drive value creation and continued improvement. Prior to CVC she has spent the last 15 years in the region leading ESG integration in both public and private companies. She specializes in building ESG teams, expertise, governance, strategies and initiatives, as well as advising boards and C-suites on ESG matters.


Min Lin, Partner (Shenzhen), TPG NewQuest

Min Lin is a Partner of TPG NewQuest. Min co-founded NewQuest and co-leads its Greater China business. Min has over 20 years of experience in finance and investing in the United States and Asia. Prior to co-founding NewQuest, she was a Director focusing on China investments for Bank of America’s Asia Private Equity Group based in Hong Kong.

Prior to relocating to Hong Kong, Min worked for several years at Merrill Lynch in New York within the structured finance group. She has also previously worked as an accountant for Arthur Andersen in China.

Min received her MBA from the MIT Sloan School of Management in Cambridge, MA and an undergraduate degree from Lingnan College of Sun Yat-Sen University in Guangzhou, China. Min studied in the EMBA program of Cheung Kong Graduate School of Business in Beijing. She is a Chartered Financial Analyst. Min is a member of the HKVCA’s PRC committee and serves on the Board of Trustees of Lingnan College of Sun Yat-Sen University. Min is fluent in English, Cantonese and Mandarin.


Lorna Chen, Asia Regional Managing Partner & Head of Greater China, Shearman & Sterling

Apart from serving as regional leader, Lorna Chen is also a member of the firm’s Executive Group. Lorna founded and leads our asset management and investment funds practice in Asia. Lorna has 25 years of experience across the United States, Europe and Asia in the corporate law area, including 20 years in the investment funds and private equity field. She advises clients in the structuring, restructuring, formation and operation of alternative investment products, including private equity funds, venture capital funds, hedge funds, real estate funds, funds of funds, project funds and co-investment structures. 
Lorna has extensive experience in cross-border transactions representing top global institutional clients such as the world's major sovereign wealth funds, wealth management platforms, commercial and policy banks, insurance companies, as well as family offices and start-up companies.

Lorna is a frequent speaker at major regional conferences and is regularly interviewed by the financial media in Asia. She has also been consistently rated a leading lawyer by various independent ranking publications. 


Wendy Zhu, Partner, Managing Director & Global Head of Primary Fund Investments, AlpInvest Partners

Wendy is a Partner, Managing Director and Global Head of AlpInvest Partners’ Primary Fund Investments team. She is also responsible for the Secondary and Portfolio Finance team in the Asia Pacific region and a member of the Operating Committee.

She joined AlpInvest Partners in 2007 from Macquarie Funds Management, where she was Senior Vice President of Asia-Pacific regional private equity fund investments and co-investments. Previously, Wendy was a Director with Deutsche Bank Asset Management and an Associate Director at MetLife.

Wendy received a BS in Business Administration and an MS in Accounting from the University of Southern California. She represents AlpInvest Partners on various Advisory Boards.


Josh Jacob, Managing Director, Constellar Capital Partners

Josh Jacob is a Managing Director at Constellar Capital responsible for fundraising, sourcing, diligence and client relationships. Constellar Capital acts as an institutional bridge between the East and the West, with a deal log of world class managers for APAC investors across multiple strategies and asset classes in the Alternative Investment industry. Josh has over 18 years of global private market experience at various including Hamilton Lane, New Amsterdam Group and Centrum Capital.


Haide Lui, Head of Investor Relations, Ascendent Capital Partners

Ms. Lui is Head of Investor Relations of Ascendent Capital Partners. Ms. Lui is responsible for IR and fundraising. 

Prior to Ascendent, Ms. Lui spent over 10 years at HarbourVest Partners, focused on private equity fund investments across Asia. During that time, she served on the limited partner advisory committees of a number of pan-regional and China-focused private equity partnerships. Before that, Ms. Lui was with Morgan Stanley in the Global Capital Markets group in Hong Kong, focused on the origination and execution of equity financings, advising Asian and Chinese companies.​

Ms. Lui graduated from the University of Cambridge with a B.A. Honours in Natural Sciences.


Matt Bower, Partner, Allen & Overy

Matt Bower is a partner in Allen & Overy's litigation and dispute resolution department in Hong Kong. Matt advises financial institutions and corporates in connection with litigation in the High Courts of Hong Kong and England & Wales, as well as on internal and regulatory investigations.

Matt has particular experience of disputes arising from derivative, syndicated loan and asset management complaints and extensive trial experience. Matt also has substantial experience of advising clients on the conduct of regulatory and internal investigations in the Asia-Pacific region, having advised on some of the most high profile benchmark investigations in the region concerning financial services conduct and competition issues and a number of investigations regarding the assessment of client suitability for financial products, and investigations on broader misconduct such as bullying.

Matt is also committed to pro bono work and in 2019 led the team conducting a pro-bono review of every piece of legislation, and certain Government policies, in Hong Kong, to identify differences in treatment between individuals based on their relationship status (see here for the report).

Matt is recommended by Chambers Greater China Region 2023, which quotes a client as saying that “Matt is our number-one go-to lawyer for all things litigation. He is simply unbeatable in his knowledge and the quality of the advice he provides, and he navigates all areas of the business with ease in an approachable and user-friendly manner.” Chambers Asia Pacific 2022 noted that a client characterises him as “excellent; very pragmatic, sensible and also very good at strategy and tactics, which is a big part of litigation advice.”


Charlotte Robins, Head of Hong Kong Regulatory practice, Allen & Overy

Charlotte is the Head of Allen & Overy’s Hong Kong Regulatory practice. She acts for a wide range of national and international financial institutions including investment and private banks, asset and wealth managers (including hedge fund and private equity managers and advisors) and insurance companies.

Charlotte’s practice includes advising on setting up regulated businesses in Hong Kong, on-going compliance with regulatory laws, codes and guidelines and the impact of regulatory change. Some selected areas of expertise include licensing, product offering, regional and global cross border issues, regulatory corporate governance, ESG, anti-money laundering and data privacy.  She has been actively involved in responding to regulatory consultations; recent examples include client suitability requirements, manager in charge regimes, amendments to the SFC Fund Manager Code of Conduct and SFC enforcement-related provisions and other regulatory changes. She is qualified as a solicitor both in Hong Kong and England & Wales. Charlotte is a member of the AIMA Regulatory Committee and HKVCA Regulatory Working Group.

Charlotte has been ranked by the leading legal directories for many years. Chambers Greater China Region 2023 includes client commentary that she is “An excellent lawyer with in-depth regulatory knowledge” and “flexible, practical and commercial. She's an approachable partner; it's easy to work with her.”


Noah Gellner, Managing Director, Compliance, CPP Investments

Noah Gellner (Managing Director, Compliance), has been with CPP Investments since 2017 where he leads the compliance program in the APAC region. Prior to joining CPP Investments, Noah held legal and compliance roles with a leading Asian private equity manager and with a global asset manager. Noah is a lawyer by training and practiced at global firms in New York. Prior to becoming a lawyer, Noah worked in international fixed income in operations and finance.


Winnie Peng, Director, Roger King Center for Asian Family Business and Family Office, HKUST;
Adjunct Associate Professor, Finance, HKUST

Professor Winnie Qian Peng is Director of Roger King Center for Asian Family Business and Family Office, Director of Thompson Center for Business Case Studies, and Adjunct Associate Professor of Finance at The Hong Kong University of Science and Technology (HKUST). She is also Board Member of International Family Enterprise Research Academy (IFERA, the largest membership association of family business scholars in the world), Founding Committee Member of the Case Center of Association of Asia-Pacific Business Schools, and Instructor for PEVC training program of the Hong Kong Venture Capital Association. Her research and teaching interests include family business, family office, family wealth management, family philanthropy, entrepreneurship, private equity and venture capital, etc.

Professor Peng’s research articles have been published in academic journals as well as international and local media. She is currently a columnist at Hong Kong Economic Times and China Family Business Review. She has written many case studies on Asian family businesses and family offices, some of which are distributed through Harvard Business Publishing. Professor Peng offers family business and family office courses at executive training program, master and UG levels in HKUST. She has been invited to teach family business and family office related topics for family business owners, ultra-high-net-wealth individuals and senior executives in China and around the world. She is a frequent speaker at local and international conferences. Professor Peng received her Bachelor’s degree in Accounting from Tsinghua University, and her PhD degree in Finance from HKUST. She is also a graduate of Harvard Business School Executive Education program “Private Equity and Venture Capital”


NiQ Lai, Group CEO, HKBN

NiQ joined HKBN in 2004 and has rich experience in the telecommunications, research and finance industries. NiQ was appointed as Chief Financial Officer in 2006, Chief Talent & Financial Officer in 2016 and Group Chief Operating Officer in 2017. He took the helm as Group Chief Executive Officer in September 2018, leading HKBN to deliver world-class products and services to “Make our Home a Better Place to Live”. NiQ is passionate about developing HKBN Talents because he believes if you get the people right, the company will do great. Prior to joining HKBN, NiQ was an analyst and the Director and Head of Asia Telecom Research for Credit Suisse, where he was involved in numerous global fund-raising initiatives for Asian telecom carriers. In his youth, NiQ aspired to be a professional tennis player but a lack of sporting talent diverted him to become a CPA instead.

NiQ holds a bachelor of commerce degree from the University of Western Australia, and an executive master of business administration degree from Kellogg-HKUST, Hong Kong. In March 2016, he was recognised as Best CFO (Hong Kong) by FinanceAsia Survey of Asia's Best Companies 2016. He was appointed as a Lifetime Honorable Advisor of Chief Happiness Officer Association on 21 February 2022. NiQ is a Proud Co-Owner of HKBN.


Alvin Lam, Principal, CVC Capital Partners

Mr. Alvin Lam is an operating partner with CVC Capital Partners. Alvin joined CVC in 2005. Prior to joining CVC, Alvin was a Principal with the Boston Consulting Group’s Greater China practice and worked for Philip Morris International in a regional business development role. Alvin holds a BSc Degree from the Massachusetts Institute of Technology, an MBA from the Wharton School and an MA in International Studies from the University of Pennsylvania.




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