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Events Report

Webinar: How to be your own best ambassador using effective communication 

April 26, 2022

On April 26, 2022, the HKVCA Diversity and Inclusion Committee hosted a webinar titled “How to be your own best ambassador using effective communication”. Five senior women practitioners in the PE and VC industry shared their experiences and expertise on topics around effective communication. The speakers offered a number of scenarios to illustrate the most effective approach in particular circumstances, including, for example, the importance of leaning forward and/or raising a hand as a signal to speak. More than 50 people participated in the well-attended event, which included an interactive Q&A session between attendees and speakers. 

Webinar: Fund finance 2.0 – NAV financing 

April 20, 2022   

Danielle Roman, Partner at offshore law firm Mourant, acted as moderator for an HKVCA panel discussion on the opportunity for NAV financing in private equity. She was joined by Doos Choi, Partner at law firm Mayer Brown; and Emma Wang, Managing Partner & Head of Private Credit at TR Capital. Held on April 20, 2022, more than 120 people registered to attend the virtual event.    

The speakers gave a brief overview of NAV financing and identified the benefits for funds, LPs and sponsors. The also detailed the documentation, due diligence and other considerations when applying for NAV financing. The HKVCA is grateful Mayer Brown, Mourant and TR Capital for sponsoring the event, and to the speakers and participants who made it possible. 

Webinar: Proposed tax concession for family-owned investment holding vehicles (FIHV)  

April 12, 2022  

Harvey Coe, Partner, Ernst & Young Transactions Limited, Head of Greater China Mergers & Acquisitions, Real Estate, Hong Kong Family Enterprise Leader, moderated an online panel discussion on the proposed tax concession for family-owned investment holding vehicles in Hong Kong on April 12, 2022. Joining him were speakers Danny Lee, Senior Advisor at Blue Pool Capital, and Karina Wong, Tax Partner at Ernst & Young. 

The speakers discussed the key features of the proposed tax concession and offered their own insights into the development and increasing importance of family offices in Asia. They noted that the proposed tax concession is focused on attracting single family-owned offices to open in Hong Kong. The importance of the topic was highlighted by the fact that close to 100 family office professionals and services providers registered for the event. We extend our thanks to Danny Lee, Chairman of the HKVCA’s Family Office Committee, and to Harvey Coe and Ernst & Young, whose sponsorship made the event possible. 

Webinar: U.S. SEC proposal targeting private fund advisers a potential game changer 

March 31, 2022 

Lorna Chen, Asia Regional Managing Partner and Head of Greater China at international law firm Shearman & Sterling, and Anil Motwani, Counsel at the firm, hosted an HKVCA webinar on March 31, 2022. The topic of the event were the new proposed SEC rules in the U.S. aimed at private fund advisers. Close to 100 attendees joined the webinar and participated in the discussion online.   

The speakers offered a snapshot of the proposed rules, including required practices, prohibited conduct, and a timeline for their adoption. They also drew attention to the fact that the SEC has proposed amendments to Form PF, the reporting form used by larger SEC-registered advisers. 

The HKVCA thanks Shearman & Sterling for its sponsorship. Thanks also to the speakers and to all who attended the event. 

Asia Venture Capital Forum 2022

March 11, 2022

The HKVCA’s Asia Venture Capital Forum (AVCF) was held on Friday, March 11, 2022. This was the third year in a row that the event was held largely in a virtual format. Despite the restrictions, we were very pleased to have had more than 500 people, including both PE and VC practitioners, register for the event from locations around the world.  

The Forum addressed a list of topical venture investing topics, as well as opportunities and issues encountered by investors. A panel of LPs discussed their views on the current investment environment, while corporate VCs shared how to identify synergies in portfolios. Other topics included the latest trends in digital assets, especially NFTs; biotech investing; and finally, speakers offered a deep dive into the many different paths taken by women founders. 

We were especially honored that the Japan Venture Capital Association (JVCA), and its esteemed Chairman Shinzo Nakano along with other board members, joined us as sponsors of a very special panel on Japanese venture capital. Among the many issues discussed by the panel was the current favorable investment outlook existing in Japan. 

We are very grateful to Cyberport and the Hong Kong Science and Technology Park for once again joining us as co-hosts of this important annual event. We would also like to thank our sponsors, specifically Citi and KPMG, our Platinum Sponsors; Arbor Ventures and Globalization Partners, our Venture Sponsors; and the JVCA, our Japan Panel Sponsor. The continued loyalty of our sponsors is what has made this Forum possible. Of course, our thanks to all the speakers and attendees for their participation. We are also grateful for the patience and understanding of the participants for any technical glitches they may have experienced, and thank everyone for joining us this year for what proved be a successful event. 

Asia Private Equity Forum 2022

January 12, 2022

The Hong Kong Venture Capital and Private Equity Association (HKVCA)’s 12th Asia Private Equity Forum (APEF) was held virtually on January 12, 2022. As the region’s premier private equity forum, the annual event featured an exceptional line-up of expert speakers and panelists. This year, more than 60 general partners, limited partners and industry professionals came together, addressing the latest trends driving the growing and increasingly robust private markets in Asia. The event drew close to 900 delegates, most of whom are senior management and C-suite executives that have been actively participating in the dynamic investment markets across all sectors, stages and geographies in Asia. 

Following a record year of deal-making, the private equity and venture capital markets are set to enter into 2022 with ever-growing dry powder and faster fundraising cycles. APEF 2022 brought together a multi-disciplinary group of investment professionals, government representatives and industry peers to discuss the latest developments of the industry in Asia, especially in China, Japan, Korea, India, South East Asia and Australia. Panelists talked about the opportunities and challenges in the new year as well as issues around family offices, real estate, venture capital, sector-focused funds and regulation. They also addressed the growing importance of ESG, diversity and inclusion, and career advancement in the industry. 

Distinguished guests at this annual event included the Financial Secretary of the Hong Kong SAR, Paul Mo-Po Chan, GBM, GBS, MH, JP; Chairman of Asia Pacific and Head of Real Estate Asia of Blackstone, Christopher Heady; Managing Director & Head of Asia Private Equity of Neuberger Berman, Kent Chen; Managing Partner of TPG Capital Asia, Ganen Sarvananthan; and Founder, Chairman and CEO of NIO, William Li. 

During the event, panellists expressed optimism about the Asia market in 2022 despite pandemic-induced challenges and uncertainties in the dynamic market. The past two years have led investors to rethink their strategy and review their portfolio to navigate through the changing economic and political landscape. Moving ahead, GPs believe markets such as India and Japan are at the inflection point for new, critical opportunities in the next couple years. At the same time, technology innovation and digital transformation continue to drive value creation opportunities. Mostly importantly, ESG remains top of mind of the speakers, panelists and delegates, as investors look to up their game and deliver tangible value. 

The encouraging feedback from participants again proves that even amid the pandemic, APEF remains an indispensable platform for investment professionals, government representatives and industry peers to meet and discuss the latest trends and issues in the region.  

HKVCA would like to thank all attendees, including many who joined from different time zones. Our most sincere appreciation extends also to our generous sponsors, whose substantial contributions and support made this year’s event possible. We look forward to seeing all of you again at APEF next year.