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| | HKVCA Seminar - Women in Private Equity | |  | The HKVCA’s 2nd annual Women in Private Equity seminar was held on April 30, 2019 at the offices of EY, with more than 120 people attending the popular event. The first panel of the day discussed the types of changes that could be made to the PE ecosystem to foster greater opportunities for women, while a second panel focused on the personal day to day experiences of female leaders within the industry. Among the highlights of the event was the high degree of interaction that took place between the speakers and the audience.
We would like to thank EY for their participation and generous sponsorship. Our thanks also to our nine speakers who contributed greatly to the success of this year’s event: Wendy Zhu from AlpInvest Partners; Rebecca Xu from Asia Alternatives; Denise Mak from CVC Asia Pacific; Judith Li from Lilly Asia Ventures; Carol Liu from Kirkland & Ellis; Catherine Leung from MizMaa Ventures; Bonnie Lo from NewQuest Capital Partners; Jie Gong from Pantheon Ventures; and Lorna Chen from Shearman & Sterling. |
| | HKVCA Private Equity Advanced Course - Directorship | |  | The HKVCA held its Advanced PE Course on Directorship for senior and mid-level private equity and venture capital professionals on April 16, 2019. The two hour course, which was held at KPMG’s offices, featured a number of expert instructors.
Alice Au, from Spencer Stuart, discussed how directors add value and what drives board performance. Alice was joined by Robert Petty, Co-Founder of Clearwater, and both shared some actual case examples of “best practices”. Alice offered a number of suggestions on the issue of board structure and composition, including a sample board skills matrix.
Alva Lee, a partner and Head of Internal Audit & Risk Compliance Services at KPMG, discussed PE investment and its impact on governance and directorships, as well as pre and post-deal financial controls due diligence.
More than 30 members of the HKVCA attended the course with many indicating they found it extremely valuable. The HKVCA extends a very special thanks to our great sponsors, KPMG, for providing both the venue and lunch for the attendees. |
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| | | | Limited Seats Available | Members Only Event |  | | | | Date: | May 10, 2019 (Friday) | | Time: | 8:00 - 9:00 | | Venue: | Victoria Suite, Hong Kong Club, 1 Jackson Road, Central, Hong Kong | | Fee*: | Full Member (Corporate): one free pass per company | | Associate Member/ Full Member (additional pass): HK$300 | | *Note, free pass no shows will be charged full price | | *An additional charge may apply to accommodate special dietary requests. | | |   |
|  | | Date: | May 30, 2019 (Thursday) | | Time: | 8:30 – 18:15 (Followed by Cocktail Reception) | | Venue: | Forum – N101, Hong Kong Convention and Exhibition Centre (New Wing), 1 Expo Drive, Wan Chai, HK | | Lunch – N201, Hong Kong Convention and Exhibition Centre (New Wing), 1 Expo Drive, Wan Chai, HK | | | 6.5 CPT points can be claimed after attending the full-day event. |  | | REGISTER NOW | | Standard Rate | | HKVCA Members | Corporate Full Members | | One free pass per company | | Additional pass: HK$4,500 per person | | HKVCA Corporate Associate / Overseas Members | | HK$4,500 per person | | Non-Members | Non-Member | | HK$7,000 per person | | Members of Supporting Organizations (20% off) | | HK$5,600 per person | | LP firms (Sovereign Wealth Funds, Pension Funds, Endowments, Foundations, Family Offices, DFIS and Fund of Funds) | | One free pass per company | | Additional pass: HK$7,000 per person | | 6.5 CPT points can be claimed after attending the full-day event.
Simultaneous interpretation will be provided in English and Mandarin in the main conference room. |
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| | | | The Evolution of CSR, ESG and the SDGs in Private Equity | | While it is true that ESG has been evolving rapidly in the asset management industry, sustainability development goals (SDGs) and corporate social responsibility (CSR) have swept across a broader landscape of institutions, shaping public policy, listing requirements and corporate strategy. This ESG luncheon event aims to provide a snapshot of these developments, with particular focus on what private equity investors need to be mindful of. The talk will open with a presentation by Steve Okun of EMPEA, which will be followed by a panel discussion moderated by Jie Gong of Pantheon and comprised of thought leaders from sustainability, operational value creation, corporate governance and ESG measurement areas to provide integrated knowledge sharing on best practices. | | | | Speakers: | | Presenter: | | Moderator: | | Panelist: | |  | Steven R. Okun
CEO, APAC Advisors & ASEAN Representative
EMPEA |  | Jie Gong
Partner
Pantheon Ventures |  | Pat-Nie Woo
Partner, Business Reporting and Sustainability
KPMG | | Panelist: | | Panelist: | | Panelist: | |  | Alvin Lam
Principal
CVC Capital Partners |  | Dequan Wang
CEO
Governance Solutions |  | Elaine Ng
Executive Director, Client Coverage
MSCI ESG Research |  | | Date: | June 3, 2019 (Monday) | | Time: | 12:15 - 13:40 | | Venue: | KPMG Office, 8/F, Princes Building, 10 Chater Road, Central, Hong Kong | | Fee: | Corporate Full Member: One complimentary pass | | Additional pass: HK$200 per person | | Corporate Associate / Overseas (Full/Associate) / Individual Member: HK$200 per person | | Non Member: HK$600 per person | | CPT: | 1.5 points | | | |
| | Limited Seats Available | Members Only Event |  | | How to be stress-proof in a stressful world | Stress is a normal part of life. It stems from worrying about work, finances, health, family and relationships. While a tolerable amount of stress can motivate us to reach our goals, being constantly stressed is not healthy and can even make us sick.
Technology has significantly increased our stress levels in recent years by exposing us to a constant flow of information. While external stressors are inevitable, we can change the way we react to it. Our brains can be rewired through neuroplasticity, combating stress by developing resilience. In this session, clinical psychiatrist Professor Lee Sing explains how stress shapes the brain and body, and how “feeling stressed” differs from the clinical level of “breakdown”. Professor Lee will also provide tips on how to:
• think flexibly to “edit” the world;
• nourish your brain with exercise;
• take digital vacations and “waste” time with real people;
• reclaim self-awareness and acceptance;
• seek the latest and most effective treatment; and
• learn what wellness means after recovering from a unique stressful experience. | | Speaker: |  | Professor LEE Sing – Specialist in Psychiatry
MBBS, FRCPsych(UK), FHKAM(Psychiatry) | | | | Date: | July 12, 2019 (Friday) | | Time: | 12:30 - 14:00 | | Venue: | 5/F, Virtus Medical Tower, 122 Queen’s Road Central, Hong Kong | | Fee: | One free pass per company | | Additional pass: HK$300 per person | | CPT: | 1 point | | | | |
| | | | Asia Venture Capital Forum 2019 | | Date: | July 8, 2019 (Monday) | | Time: | 12:00 - 12:30 Registration and Lunch
12:30 - 17:20 Forum | | Venue: | HKEX Connect Hall, 1/F, One and Two Exchange Square, Central, Hong Kong | | CPT: | 4.5 points | | Fee: | Early-bird Rate (Payment deadline: May 31, 2019)
Corporate Full Member
One free pass per company
Additional pass: HK$580 HK$800 per person
Corporate Associate/Overseas Member
HK$580 HK$800 per person
Non-Member
HK$1,500 HK$1,800 per person | | | |
| | | | | New Members | | Corporate Full Members | | | Lenovo Group (China) Limited
Lenovo Capital and Incubator Group (LCIG) is Lenovo’s global technology industrial fund. We aim to explore and accelerate startup companies utilizing Lenovo’s global team and resources and laying the ground for Lenovo’s smart internet ecosystem. Our key investment fields include cloud computing and big data, AI and robotics, AR/VR, internet plus, and consumption upgrade. Our portfolio companies include subsidiaries of SHAREit, Online Biometric Authentication, Lenovo Smart Healthcare, Enterprise Cloud, Lenovo New Glass, Lenovo Connect, Lenovo Big Data and Lenovo Finance, and more than 100 promising invested companies such as Megvii (Face++), NIO, Cambricon, Tuhu, Mobike, iDreamSky, and Watrix Technology. | | | One Belt One Road Securities and International Asset Management Limited
One Belt One Road Securities and International Asset Management Limited (OBOR) is an asset management firm registered with Hong Kong’s SFC and regulated under the SFO for Type 1 (Dealing in Securities), Type 4 (Advising on Securities), and Type 9 (Asset Management) activities, focusing exclusively on early and growth stage investment opportunities in the Greater China healthcare sector.
OBOR serves as a platform connecting foreign investors to China investments, and is committed to matching investors and asset owners according to project specification.
We service professional investors and offer them bespoke investment management solutions, from characterizing investment strategies, identifying investment opportunities, product structuring to negotiating with project partners, paving exit strategies, and seeing each project through from start to finish. | | | | Corporate Associate Member | | | Fonto Holdings Limited
Fonto Holdings Limited is a Hong Kong-based company providing capital market professional services, corporate financing, real estate investment and PropTech investment. | | |
| | | | Recent Events Report | | | HKVCA Seminar: Understanding the Cayman Island’s economic substance rules and the Luxembourg-domiciled private funds structure
April 2, 2019 |  | The HKVCA hosted a technical luncheon talk on April 2nd, 2019. Anthony Webster, a partner and head of the private equity practice in Asia for Maples Group; and Xavier Le Sourne, a partner, and Charlotte Chen, a senior associate, at Elvinger Hoss Prussen, spoke on the latest issues involving the domicile of funds and the opportunities in the Cayman Islands and Luxembourg. Anthony briefly discussed the economic substance rule recently implemented by the government of the Cayman Islands, while Xavier and Charlotte spoke about the advantages of having Luxemburg as a jurisdiction for private equity fund managers. Each of the speakers offered solutions to tackling the Cayman Island’s substance rule.
More than 45 practitioners attended the luncheon and we received a great deal of positive feedback on the substance of the event. The HKVCA would like to thank all the attendees, the Maple Group and Elvinger Hoss Prussen for their support. | | |
| | | | Industry News | | | | KLOOK completes USD$425m series D funding | | April 9, 2019 | | (StartmeupHK by Ching Yung Lu) - Klook, a world-leading travel activities and services booking platform, today announced it has raised US$225M in Series D+ funding. This increases the company’s total Series D funding round to US$425M ... | | (link to the full article) | | | | Baring Asia gets $300m fund commitment via HSBC private bank | | April 9, 2019 | (AVCJ by Tim Burroughs) - HSBC Private Banking has raised approximately $300 million from its clients for Baring Private Equity Asia's latest pan-regional fund.
HSBC established a feeder vehicle to accommodate commitments from ... | | (link to the full article) | | | | Longreach announces closing of Quasar acquisition | | April 2, 2019 | | (Press Release) - The Longreach Group today announced that it has completed the acquisition of a majority interest in Quasar Engineering Limited and QIL Engineering Limited from the founding family, with the founding family retaining a significant minority stake in the business ... | | (link to the full article) | | | | Airwallex Completes USD100 Million Series C funding round: a new fintech unicorn | | March 26, 2019 | | (EqualOcean by Shiyun Guo) - Airwallex, an Australia-based and Hong Kong-headquartered cross-border payment platform, announced today that it has completed Series C round funding of USD 100 million. The new round was led by DST Global (DST). In total, Airwallex has financed more than USD 202 million. After this round, its valuation is expected to be higher than USD 1 billion ... | | (link to the full article) | | | |
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