Asia Private Equity Forum 2023

January 13, 2023 (Fri)

8:45	Welcoming Remarks by HKVCA ChairwomanRebecca Xu, Asia Alternatives
8:47	Opening Remarks The Honourable Paul Mo-po Chan, GBM, GBS, MH, JP, Financial Secretary of the Hong Kong Special Administrative Region
8:50	Opening KeynoteEric Mason, The Church Pension Fund
9:05	Regional GP Panel: PE Market Landscape in Asia Some key words to characterize the year 2022 through a multi-decade historical lens of Asian PE. What are the biggest opportunities that have arisen across markets? What are the adjustments firms have had to make in 2022, whether in terms of investment focus, strategy, or organizational development? How business leaders view 2023. Moderator Jie Gong, Pantheon Ventures (HK) Panelists K.Y. Tang, Affinity Equity Partners Leon Meng, Ascendent Capital Partners (Asia) Brian Hong, CVC Capital Partners Chin Chou, Morgan Stanley Asia
10:00	Coffee Break (N204-205 & N209-210)
	Stream A (N201)	Stream B (N206-208)	Stream C (N211-212)
10:20	Secondary Panel Is there a bid-ask spread or has valuation settled in today’s market? What kind of structuring can help bridge the pricing gap between buyers and sellers? Which market has been the most active for fund restructuring and what do you expect for the future? How do buyers and sellers view multi-asset vs single asset continuation transactions? Are there differences in continuation transaction terms for multi-asset vs. single assets? Are buyers solving for the same return requirement between the two types of transactions? Moderator Joe Ma, AlpInvest Partners Panelists Jolie Chow, PJT Partners James Ford, Allen & Overy Colin Sau, TR Capital Bonnie Lo, NewQuest Capital Partners	Exit Panel: Impact of Exits During Capital Market Volatility Is the worst behind us? What are the signs and reasons for optimism (or pessimism) for exits in 2023? What are the most likely types of exits? Has the valuation expectation been adjusted? Are there any notable differences across sectors and geographies? How does that outlook change GPs’ value creation playbook in their portfolios? Are GPs resetting their long- term return underwriting for new investments? Moderator Collwyn Tan, Hamilton Lane Panelists Ridwan Budijono, Capsquare Asia Partners Mengyang Yang, CICC Capital Hongwei Chen, Forebright Capital Rodney Muse, Navis Capital Partners	Family Office Panel: 2023 Investment Allocation and Strategy for Family Offices Moderator Terrance Philips, CitigroupPanelists Kenneth Lau, Chow Tai Fook Enterprises Limited Christine Ho, Invest Hong Kong Danny Lee, VCA Capital LimitedDarrin Woo, Woo Hon Fai Group
11:05	HK Panel: Latest Policy Changes and Hong Kong’s Advantages What are the main opportunities presented to the PE/VC industry for 2023? Policy and regulatory update and impact on the PE/VC sector. Hong Kong’s advantages compared with other regional financial hubs. Moderator Lorna Chen, Shearman & Sterling Panelists Poman Lo, AlphaTrio Capital Samantha Tan, BlackRock Noah Gellner, CPP Investments Stephen Seelbach, Vista Equity Partners	ESG Panel: Climate change in Asian Private Equity What drivers have increased climate change awareness among Asian PE players? What are the principal climate related risks the PE community needs to pay attention to? How to approach climate related reporting and disclosure needs. Good practices in compliance as well as climate opportunities and value-add. Moderator Queenie Ho, Affinity Equity Partners Panelists Mohit Grover, Deloitte Erika Rodriguez, KKR Jason Cheng, Kerogen Jennifer Signori, Neuberger Berman	GBA Panel: The Rise of the GBA (Mandarin Session) What are the latest investment trends in the GBA? How will the Qianhai 18 measure benefitted the PE/VC sector? Are there similar subsidies in Hengqin? How does QFLP work in south China? Moderator Duncan Chiu, HKSAR Legislative Council Panelists Kevin Zhao, China Resources Capital Management Witman Hung, Shenzhen ZebraS Technology Startup Acceleration Limited
11:50	Fireside Chat Interviewee Jean Eric Salata, BPEA EQTInterviewer Rebecca Xu, Asia Alternatives
12:20	Lunchoen session (N101)
	Stream A (N201)	Stream B (N206-208)
14:00	Real Estate Panel: Will Real Estate in Asia Remain a Safe Haven from Inflation or is it Late Cycle? What are investors looking for from Asian real estate? Which markets/asset classes are the most attractive? Are there lingering COVID and China policies that are impacting the outlook for the region? Moderator Calvin Chou, Invesco Real Estate Panelists Bryan Southergill, Ares SSG Ian Cohen, Apollo Real Estate Christopher Heady, Blackstone Andrew Moore, Schroders Capital	Venture Capital Panel: Hong Kong’s Startup Ecosystem – Past, Present and Future Given the success of homegrown technology and the government’s desire for a stronger startup ecosystem, what more can be done by the different players (government, regulator, universities, incubators, educators, venture capitalists, etc.) to accelerate Hong Kong as the international innovation hub for China? Moderator Catherine Leung, MizMaa Ventures Panelists Albert Wong, Hong Kong Science & Technology Parks Corporation Xing Liu, Sequoia Capital China Zexiang Li, HKUST and XBOTPARK & Shenzhen InnoX Academy
14:45	India & SEA Panel: Fueling Asia’s Growth India and Southeast Asia have emerged strongly from the COVID-19 pandemic and are expected to continue to be attractive investment destinations for investors seeking growth in Asia. However, amidst a backdrop of a global macroeconomic slowdown and geopolitical uncertainties, how are private equity GPs navigating the risks and opportunities in these regions? How robust are the macroeconomic fundamentals in India and Southeast Asia economies? What are some key lessons learnt from past cycles? Where do private equity GPs see investment opportunities and are there any sectoral pivots in the current market environment? Are GPs seeing more control-oriented opportunities emerge in both the Indian and Southeast Asian markets? Are transaction types evolving? Do GPs see an increasing interest from international LPs to invest in the region? What are some of their typical concerns when they think about the private equity markets in India and Southeast Asia? How are GPs addressing them? How are private equity GPs navigating and are there specific areas of focus within a broad spectrum of sustainability themes? How are GPs building internal capabilities? Moderator Gabriel Ng, Neuberger Berman Panelists Danny Koh, Tower Capital Asia Kee Lock Chua, Vertex Holdings Abrar Mir, Quadria Capital Sudhir Variyar, Multiples Alternate Asset Management Private Limited	North Asia Panel: Operational Value Creation The differences between pre-COVID and post-COVID investment environments. Reacting to evolving macro themes, including energy price increases, inflation, supply chain disruption, currency fluctuation and global economic slowdown. Value creation strategies and macro themes going forward. What are the challenges and what are the value creation opportunities? Moderator Akihiko Yasuda, Asia Alternatives Panelists Yuki Kashiyama, J-STAR Jay Kim, Orchestra Private Equity Ryoichi Ogawa, Polaris Capital Group
15:30	Coffee Break (N204-205 & N209-210)
15:50	LP Panel: Investing in the Age of Maximum Uncertainty LPs face a myriad of challenges and opportunities investing in Asian private markets. From global recession to geopolitical tension, how is the LP/GP dynamic changing? How are LPs adjusting allocation strategies given market conditions? Moderator Eric Mason, The Church Pension Fund Panelists Judy Zhang, Cambridge Associates Doug Coulter, LGT Capital Partners Raju Ruparelia, Ontario Teachers’ Pension PlanCatherine Shih, Partner, Quilvest Hong Kong
16:35	Fireside Chat: The ESG Data Convergence Initiative – Harmonizing ESG Data for Private Equity Ben Morley, Boston Consulting Group Daniel Oehling, Boston Consulting Group Lincoln Pan, PAG Jonathan Tong, PAG
17:00	Closing remarks by Conference Co-Chairman Kent Chen, Neuberger Berman
17:05	Cocktail reception (N101)