Dear Subscriber,

Upcoming Event

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HKVCA Christmas Cocktail 2013 

Special Christmas Talks on "The Horizon of the IPO Market in Hong Kong and China"

Speaker:
Bertram Lai, Greater China Telecommunications Research, CIMB Securities Ltd

Bertram joined CIMB in 2004 and was head of research for Hong Kong during 2009-12. He currently covers the Greater China Telecoms sector and has previously written HK/China strategy as well as small caps, industrials, technology and banks. Prior to joining CIMB, he worked with Lehman Brothers Hong Kong and spent eight years as a consultant with Accenture in Australia. Bertram has an MBA from INSEAD and a BEc from the University of Sydney.

Date:  December 6, 2013 (Fri)
Time: 18:00 - 20:00
Venue: The American Club, 49/F, Exchange Square 2, Central, HK
Fee:             HKVCA Member: HK$250
Non-Member: HK$550

Sponsored by:               

   

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Members Only Event

Technical Series - Updates on AIFMD and FATCA

AIFMD

  • The Alternative Investment Fund Managers Directive has been in force nearly six months
  • Impacts on fundraising conducted in Europe and targeting of European investors
  • Needs to be considered early in any fundraising process
  • James Ford (a partner in OMM’s private equity team) will share his insight and practical experience of the impact so far for Asian managers.

FATCA

  • The latest on how FATCA has impacted the asset management industry, and what fund managers are prioritizing.
  • Information on how peers are weighing the sponsored funds option.
  • Progress on intergovernmental agreements (IGA) between the Cayman Islands, Luxembourg, Hong Kong, China, etc.

Speakers:
James Ford, Partner of O'Melveny & Myers LLP
Angelica Kwan, US Tax Partner of the PricewaterhouseCoopers Limited

Full Speakers Bio

Date: December 13, 2013 (Fri)
Time: 12:30 - 14:00
Venue: Board Room of O'Melveny & Myers LLP
31st Floor, AIA Central, 1 Connaught Road, Central
Fee:         
    
Full Member (Corporate): One free pass per company
Full Member
 (additional pass)/ Associate Member: HK$200
CPT: 1 point

   

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Renew your membership now and get one *FREE PASS!

Opening Remarks


John Tsang
GBM, JP, Financial Secretary, HKSAR  

Keynote Speakers:

   Dr. Shangzhi Wu     
     Chairman,      
  CDH Investments   
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Steve Martinez
Head of Asia Pacific & 
Senior Partner, 
Private Equity, 
Apollo Management
Weijian Shan
Group Chairman and 
Chief Executive Officer, 
PAG Capital
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View All Speakers

APEF 2014 will include keynote speeches from industry leaders addressing

  • The evolution of private markets in China: what next?
  • How a global private equity firm has developed its Asian strategy
  • Home-grown firms developing multiple strategies across the
    markets of Asia
  • Performance of Asia private equity funds to date: Good enough?

Panel discussions with prominent GPs addressing

  • Exits and liquidity, the perennial challenge in Asia?
  • Private equity in China: what happens when the IPO window is closed?
  • The private markets of Southeast Asia: Indonesia and the rest
  • How do pan-regional funds compete with each other and with country specific funds?
  • The resurgence of interest in Japanese private equity in the
    era of “Abenomics”
  • South Korea goes from strength to strength: How sustainable?
  • Indian private markets at a crossroads: Whither reforms and the Rupee?
  • Effective fundraising and investor relations in the new era

View Program Here

Date: January 15, 2014 (Wed)
Time: 08:30 - 17:30  followed by cocktail reception
Venue: S421, Hong Kong Convention and Exhibition Centre 
CPT:              6.5 points

Sponsored by:

Platinum Sponsors:

       


Gold Sponsors:

                 

                        

   

Silver Sponsors:                Cocktail Sponsor:

        

*Full Member (Corporate) Only.     

  

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Book Now!

Enjoy the early-bird rate by 6 December 2013

Date:            January 15, 2014 (Wed)                                                              
Time:           19:00  - 21:30 (Cocktail starts at 18:30)
Venue: S221, Hong Kong Convention and Exhibition Centre 

"An overview of the industry as seen from Europe"
Speaker: George Anson, Managing Director, HarbourVest Partners

Highlights of HKVCA Gala Dinner 2013

   

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Members Only Event

Date: January 3, 2013 (Fri)
Time: 08:00  - 09:00
Venue: Hong Kong Club, 1 Jackson Road, Central, HK
Fee: Full Member (Corporate): One free pass per company
                  Full Member (additional pass)/ Associate Member: HK$200

   

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Members Only Event

Transferring deal risks to the insurance market: the use of warranty and indemnity insurance and other transaction liability insurance solutions in M&A deals

Date:  Feb 27, 2014
Time: 12:30 - 14:00
Venue:            
         
Latham & Watkins, Hong Kong Office, 18th Floor,
One Exchange Square, 8 Connaught Place, Central, HK
Fee: Full Member (Corporate): One free pass per company
Full Member (additional pass)/ Associate Member: HK$200
CPT: 1 point

Speakers:
Rod Brown, Corporate Partner, Latham & Watkins LLP
Justin McCarthy, Regional Director, Aon Mergers & Acquisitions Solutions
Sandra Lee, Regional Associate Director, Aon Mergers & Acquisitions Solutions

Full Speakers Bio

   

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AFF Deal Flow Matchmaking Session

This unique deal-sourcing and matchmaking session is jointly organised by HKVCA and the HKTDC. During the three-hour event, one-on-one meetings are arranged between sources of funds and sources of deals. Deal Flow enables participants to meet with potential business partners from around the world and based on their shared areas of interest. Over the years, around 1,700 meetings have been arranged for more than 500 companies involving investment project owners, private equity firms, investors, high net-worth individuals and senior professionals from intermediaries and professional services providers. On the back of the trend of mainland outbound investment, the AFF Deal Flow will feature dedicated matching meetings between mainland investors seeking investment opportunities abroad and overseas project owners looking for Chinese investments.

2013 Event at a Glance

  • 141 companies from 16 Countries and Regions
  • 19 Institutional Investors from Chinese Mainland
  • Nature of Projects Available at AFF Deal Flow 2013:
Advanced manufacturing             
Agriculture                                
Art                                            
Automobiles                              
Biotech                                     
Clean Technology                      
Energy & Natural Resources           

Financial Services
Information Technology
Infrastructure
Manufacturing
Medical
Nanotechnology
Real Estate

AFF Deal Flow Matchmaking Session 2013 Report

For enquiries, please contact:
Matthew Ip (HKTDC)
Tel: (852) 2584 4266
Fax: (852) 3521 3127
Email: matthew.cy.ip@hktdc.org

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Co-hosted Event

EMPEA-HKVCA Fundraising Masterclass

Following the success of the series in Washington, London and Mumbai, the EMPEA Fundraising Masterclass is travelling to Hong Kong and partnering with the HKVCA to arm local fund managers with proven fundraising tools and global best practices. This in-depth workshop is designed for managers with funds in the market, first-time fund managers, and new hires to hear directly from leading LPs and industry insiders on actionable fundraising advice and common pitfalls. The real world perspectives and candid, closed-door discussions leave attendees better equipped to tackle potential fundraising roadblocks and realize targeted fund closes.

The EMPEA Fundraising Masterclass in Hong Kong is held in conjunction with the Asia Financial Forum and HKVCA's Asia Private Equity Forum 2014More information coming soon!              

       

Date: 16 January, 2013 (Thurs)
Time: 10:30 - 18:00
Venue:        TBC
Fee: HKVCA and EMPEA Member: US$295
Non-Member: US$495

View the preliminary agenda »

Space is limited. Register today »

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HKVCA 11th Annual Golf Day 2014 

Format: Team Best Ball (Foursome)

Date:  March 21, 2014 (Fri)
Time: 9:00 Tee-off
Venue:             The Shek O Golf and Country Club                                 
Fee: HKVCA Member HK$2000*
Non-member HK$2600*
Caddy HK$450^
*Fee inclusive of breakfast and lunch
^Caddy fee subject to change

Gold Sponsors:         


Luncheon Sponsor: 

Global Venture Capital Congress a Huge Success

November 8 & 9, 2013
Hong Kong

     
The 2013 Global Venture Capital Congress was successfully hosted by the Hong Kong Venture Capital and Private Equity Association (HKVCA) at Hong Kong Exchanges and Clearing (HKEx) on Friday 8 November. Representatives from as many as 21 different associations from around the world were in attendance.
Chairman of the Global Venture Capital Congress, Terry McGuire, welcomed everyone to Hong Kong in his opening remarks before introducing HKEx Assistant Vice President, Issuer and Client Services, Global Markets Division, Michael Chan, and keynote speaker, Permanent Secretary for Financial Services and the Treasury (Financial Services), Au King-chi JP.

Ms Au congratulated the Congress on holding its event in Hong Kong – and indeed in Asia - for the first time. “You have made the right choice to host the Congress here. where you can hear firsthand [about] the asset management opportunities in the East, and what this city may offer as China’s global financial centre,” she said.

Each national delegation then presented a five-minute overview of the most pressing issues facing their respective regions and membership, including the major challenges, requests for support and feedback, and each delegation’s goals for the Global Venture Capital Congress.

We would also like to thank Michael Chan, Assistant Vice President, for generously allowing us the use of their auditorium and host the Market Open Ceremony.

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Other Supported Events:

The 5th Global Private Equity Beijing Forum
1 December, 2013 by CVCA under NDRC

World SME Expo 2013
4-7 December 2013 by InvestHK

StartmeupHK Venture Programme 2013
5-7 December 2013 by HKTDC

InnoAsia 2013
5-7 December 2013 by HKSTP

Shanghai International Private Equity Forum (SIPEF 2013)
11 December 2013

The 4th Annual SuperReturn China 2014
7 - 9 April 2014

New Members Welcome


Full Member

Sino Prosperity Real Estate Fund
Represented by 
Dave Lam, CFO

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Overseas Full Member

Advent International
Represented by 
Filippo de Vecchi, Managing Director, Co-head of Greater China

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Individual Full Members

Timothy Shen

Johnny He

Michelle Wong

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Associate Member

Fried, Frank, Harris, Shriver & Jacobson
Represented by
Douglas Freeman, Partner
Victor Chen, Partner

   

Recent Events Report

Masterclass - Raising Funds From a Family Office
Nov 19, 2013

K O Chia, Director at Grace Financial Ltd., and Lorna Xin Chen, Partner at Shearman & Sterling, shared their expertise on how the different stages of family offices have evolved and PE and VC fund-raising from family offices in Hong Kong and across Asia. The talk, which drew an audience of 35 participants, also covered legal, regulatory and practical considerations for establishing and structuring family offices.

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Korean NIPA and KVCA Delegations
Nov 20, 2013

On October 19, 2013, Denis Tse, representing the HKVCA, hosted 23 fund managers representing a joint group from the Korean National IT Industry Promotion Agency and the Korean Venture Capital Association. The participants discussed Hong Kong’s current investment eco-system and the cross boarder opportunities that may exist for Korean managers. Special thanks for assistance provided by Eugene So from FLAG Squadron and Calvin Ahn from Prince Fund Management Limited.

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HKVCA-HKU PE Fundamental Course
Nov 20, 2013

The HKVCA-HKU Private Equity Fundamentals Course is a comprehensive and intensive training program that has been specially designed for MBA students at the University of Hong Kong (HKU). The goal of the course is to provide these students with greater insight into and a more significant understanding of the fundamental principles involved in the private equity and venture capital industry.

We would like to thank our speakers for their invaluable contribution and support.

David Pierce from FLAG Squadron on Private Equity in Asia

   
K O Chia from Grace Financial on 
Introduction of Private Equity

   
Thanks also to the Education Committee, especially John Levack and Bonnie Lo to organize such intuitive initiatives with the HKU MBA programme.

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HKVCA 11th Wine Tasting Event
Nov 25, 2013

Our extremely popular wine tasting event was, once again, oversubscribed with more than 75 people attending with a long waiting list of those wishing to attend. Special thanks to our sponsors Clifford Chance and Alter Domus. The star of the evening was “Master of Wine” Debra Meiburg who led us through the “sweetest night of the year”. As always the talk was both entertaining and instructive. Thanks also to our organizing committee and especially Alain Fontaine and Marcus Thompson for another very successful event.

  

Latest News

HKVCA Supports FSDC’s Proposals on Tax Exemption for PE Funds and Legal Framework for OEICs
Nov 18, 2013

The Hong Kong Private Equity and Venture Capital Association (HKVCA) welcomes the Financial Services Development Council’s (FSDC) paper setting out proposed changes to Hong Kong’s tax law to include private equity in the benefits already extended to offshore mutual and hedge funds. The detailed proposal will, if implemented, allow private equity investors to benefit from tax neutrality for offshore funds investing in offshore private companies where the fund is managed from Hong Kong.

To access the full article please click here.

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Speech by the Permanent Secretary for Financial Services and the Treasury (Financial Services), Miss Au King-chi, at the Global Venture Capital Congress 2013
Nov 8, 2013

Ms Au King-Chi, JP, Permanent Secretary for Financial Services and the Treasury (Financial Services), delivered a special address to delegates participating in the Global Venture Capital Congress in Hong Kong. After providing a brief overview of the territory’s asset management industry in general, Ms Au then focused on the venture capital and private equity industry and the various government policies and initiatives dealing with open-ended investment companies, platforms for Islamic finance, trust law reform and profit tax exemptions from.

To access the full article please click here.

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Message from Conrad Tsang, Chairman of the Hong Kong Venture Capital & Private Equity Association
Nov 6, 2013

The first chairman message from Conrad Tsang is now available online. 

To access the full article please click here.

Be part of our first annual HKVCA Membership Drive and win a complimentary ticket to this year’s Gala Dinner when you sign up just one new member.

• The membership award will be backdated to the period 1 January 2012 –31 December 2013.

• HKVCA members who nominate a qualified prospective new member will be awarded 1 (one) membership drive point.

• Each membership drive point will be rewarded with a complimentary pass to attend the HKVCA Annual Gala Dinner.

Current Tally: 

January 2012 - November 2013

David Pierce 16.5
Conrad Tsang 5
Johnny Chan 5
Eric Mason 5
John Levack 3.5
Anna Cheung 3
Alain Fontaine 1
Joseph Wan 1
K O Chia 1
Marvin Lai 1
Sunil Chandiramani 1
Tim Kwok 1
Denis Tse 0.5
Lawrence Chu 0.5


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