| |  | | Venture (Powered by HKVCA, HKEX and RISE) | |   
   | | The fifth annual HKVCA Hong Kong Venture Capital Forum, this year held under the name “Venture” and co-organized with HKEX and RISE, was held on July 9, 2018 and was by all measures an unprecedented success.
This year, the main topic of the forum was venture capital in Asia. Charles Li, Chief Executive of HKEX, kicked off the discussions with a keynote address on HKEX’s role in the new economy. The keynote was followed by two fireside chats, the first featuring Kenny Man, Head of International Investment, Ant Financial; and the second with Alan Feld, Founder and Managing General Partner, Vintage Investment Partners. There were also several panels differentiated by investor niche and geographies, and also a number of roundtables running simultaneously.
The by invitation only event brought together close to 450 investors and entrepreneurs from around the world at the newly renovated HKEX Connect Hall. We received a tremendous amount of positive feedback following the event. Its tremendous success would not have been possible without the generous participation and involvement of the audience, expert speakers and the sponsors, KPMG and King & Wood Mallesons.
| | | | | Limited Seats Available |  | What The Hack Is the Difference? Understand the differences
between a Cyber Policy and a Computer Crime Policy | | Sponsored by |  | All organizations are at risk from cyber criminals and each needs to take steps to protect its critical data and funds. It is important to understand the differences between a cyber policy and a computer crime policy, as well as the protection each offers.
Simply put, a cyber policy insures for the loss of intangible property that cyber criminals use to perpetuate fraud and a computer crime policy protects an organization’s loss of tangible property, including money and securities, resulting from theft of employees and other third parties.
While it seems like a clear distinction, this is not always the case. With the continued evolution of cyber policies, the clear delineation of cyber = intangible and computer crime = tangible is becoming blurred. We certainly expect additional changes and overlaps in these two policies in the near future. | | Speaker: |  | Naureen Z. Rasul,
Senior Vice President,
Regional Financial Institutions Industry Leader,
Asia Specialty Practice,
Marsh (Hong Kong) Limited |  | | | Date: | 7 August, 2018 (Tue) | | Time: | 12:30 - 14:00 | | Venue: | The China Club, 14/F, The Old Bank of China Building, 1 Bank Street, Central, HK | | Fee*: | Corporate Full Member | Non Member | | one free pass per company | HK$800 per person | | Full Member (additional pass): HK$450 per person | | | HKVCA Corporate Associate / Overseas (Full/Associate) Members | | HK$450 per person | | | *An additional charge may apply to accommodate special dietary requests. | | CPT: | 1 point | |   |
| | Members Only Event | Limited Seats Available |  | | Sponsored by |  | | | Date: | 24 August, 2018 (Fri) | | Time: | 8:00 - 9:00 | | Venue: | Victoria Suite, Hong Kong Club, 1 Jackson Road, Central, Hong Kong
(Room reserved under the name of Johnny Chan) | | 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. | | | |
| | | Belt and Road Initiative: Expansion and Extension | | Sponsored by |  | | The blueprint for China’s Belt and Road Initiative (BRI) has been extended to Latin America and the Caribbean. China is now taking a greater role in global affairs and is at the center of a growing global business network. How will private equity firms benefit under this new blueprint?
Moreover, many developing countries that come under the BRI radar, such as Cambodia, are keen to raise capital from private equity firms. How can private equity play a key role investing in these developing countries and what kind of political and regulatory risks will private equity encounter during capital deployment?
Andrew Weir, Global Head of Building, Construction and Real Estate Practice at KPMG, and Ben Way, Asia CEO of Macquarie Group, will share their unique insight with the audience, outlining the prospects and difficulties that may await private equity investors as they seek to take advantage of the BRI’s expansion and extension. | | Speakers: |  | Andrew Weir,
Senior Partner, Hong Kong,
Vice Chairman, KPMG China
Global Chairman of Real Estate and Construction,
KPMG | |  | Ben Way,
CEO,
Macquarie Group Asia | | | | Date: | 30 August, 2018 (Thur) | | Time: | 12:30 - 14:00 | | Venue: | The China Club, 14/F, The Old Bank of China Building, 1 Bank Street, Central, HK | | Fee*: | Corporate Full Member | Non Member | | one free pass per company | HK$800 per person | | Full Member (additional pass): HK$450 per person | | | HKVCA Corporate Associate / Overseas (Full/Associate) Members | | HK$450 per person | | | *An additional charge may apply to accommodate special dietary requests. | | CPT: | 1 point | | | | |
| | Members Only Event |  | | All members are encouraged to attend the 31st Annual General Meeting where a new Board of Directors will be elected to lead the Association for the year 2018-2019. This is the opportunity for HKVCA members to choose the right team to help shape the future of the Association and to work for the interests of the venture capital and private equity industry. | | Date: | 28 September, 2018 (Fri) | | Time: | 12:00 - 12:30 AGM#
12:30 - 14:00 Luncheon | | Venue: | The China Club, 14/F, The Old Bank of China Building, Bank Street, Central, Hong Kong | | Fee: | Corporate Full Member: One free pass per company
Corporate Full Member (additional pass) / Corporate Associate Member /
Overseas Members and Individual Members: HK$450* | | | | #Only Corporate Full Members and Individual Members shall be entitled to vote
*Lunch is included. | | | |
|  | The Private Equity Fundamentals Course is organized annually by the HKVCA and provides participants with an in-depth examination and analysis of private equity and venture capital. It is especially relevant for those individuals who are seeking greater technical and practical know-how, either to increase their base knowledge or as an effective way to refresh their existing professional skill set. Made up of a series of six purpose-developed modules and a case study session, the Private Equity Fundamentals Course has proven particularly helpful for those keen to further develop their practical competencies and gain additional industry insights.
With deep knowledge and understanding of the processes underpinning the development of a firm, leading industry practitioners and experts with unmatched experience in deal-making, deal protection and the allocation of risk, structuring, company value-creation and exits will teach each module. Drawing on actual case studies, the instructors will try to illustrate how investors finance through the different stages of a company’s lifecycle, and explain financing as financial intermediaries practice it. The course also includes a curated section devoted specifically to ESG, which plays an increasingly important role in today’s investment practices and decisions. | | Date | Time | Session | Venue | CPT & D | | 3 Sep | 09:30-13:00 | Module 1: PE Basics | HKU MBA Centre | 3 | | 3 Sep | 14:00-17:30 | Early Stage Investment | HKU MBA Centre | 3 | | 10 Sep | 10:00-12:30 | Module 2: The Investment Decision | HKU MBA Centre | 2 | | 11 Sep | 14:00-17:20 | Module 3: Valuation/ESG/“High Level” Tax Issues | HKU MBA Centre | 3 | | 17 Sep | 14:00-17:05 | Module 4: Transaction Documentation | HKU MBA Centre | 2.5 | | 9 Oct | 14:00-17:15 | Module 5: Post Investment | HKUST Business School | 3 | | 10 Oct | 11:00-14:30 | Module 6: Tax/ Fundraising | KPMG Office | 3 | | 23 Oct | 14:00-17:15 | Case Studies: CVC / HKBN & Pacific Coffee | HKUST Business School | 3 | | | | Venue: | The University of Hong Kong (HKU MBA Centre): B2, The HKU Town Centre, 3/F, Admiralty Centre, HK
Hong Kong University of Science and Technology (HKUST Business School):
HKUST Business School Central, 15/F, HK Club Building, Central, HK
KPMG Office: 8th Floor, Prince’s Building, 10 Chater Road, Central, HK | | | |
|  | | Date: | 16 January, 2019 (Wed) | | Time: | 8:30 – 17:30 (Followed by Cocktail Reception) | | Venue: | Forum – S421, Hong Kong Convention and Exhibition Centre (Old Wing), 1 Expo Drive, Wan Chai, HK
Lunch – Chancellor Room, Hong Kong Convention and Exhibition Centre | | | More than 450 industry experts have spoken at APEF over the past eight years. View here. | | Early-bird rate (Payment deadline: 30th October, 2018) | HKVCA Members with
membership 2019 renewed | HKVCA Corporate Full Members | | One free pass per company | Additional passes: HK$3,600 HK$4,800 per person | | HKVCA Corporate Associate / Overseas Members | | First pass at special rate (HK$3,200) | Additional passes: HK$3,600 HK$4,800 per person | | Non-Members | Non-Member | HK$7,300 HK$8,300 per person | | Members of Supporting Organizations (20% off) | HK$5,840 HK$6,640 per person | LP firms (Sovereign Wealth Funds, Pension Funds,
Endowments, Foundations, Family Offices, DFIS and Fund of Funds) | | One free pass per company | Additional passes: HK$7,300 HK$8,300 per person | | | | 6.5 CPT points can be claimed after attending the full-day event. | | | |
| | Members Only Event |  | | Date: | 15 January, 2019 (Tue) | | Time: | 18:30 – 21:30 | | Venue: | Dragon Room 1 – 5, The Hong Kong Bankers Club,
43 Floor, Gloucester Tower, 11 Pedder Street, The Landmark, Central, Hong Kong | | Fees: | Early-bird Rate (Payment on or before 31 Oct 2018)
Full Table (12 persons): HK$19,800 HK$21,800
Half Table (6 persons): HK$9,900 HK$10,900
Individual HKVCA Member: HK$1,980 HK$2,180 | | | |
| Global Venture Capital Summit 2018
5-6 September, 2018
| AmCham 2018 China Conference
7 September, 2018
| 2018 HBSAHK Startup Competition
14 September, 2018
| SuperReturn Asia
17-20 September, 2018
| Outperform Asia 2018
18 September, 2018
| GCV Asia Congress
20 September, 2018
| South-East Asian Private Equity Conference
4 October, 2018
| EMPEA Sustainable Investing in Emerging Markets Summit
23 October, 2018
| Think Global Think HK 2018
1 November, 2018
| The 31st Annual AVCJ Private Equity & Venture Forum
13-15 November, 2018
| EY Entrepreneur Of The Year 2018 China
May - November, 2018
| SuperReturn Japan
5 - 6 December, 2018
| | | | New Members | | Corporate Full Members | | | Hosen Capital (Hong Kong) Limited
Hosen Capital has a strong focus on the “food space”, investing across critical components along the food value chain and consumer well-being. Hosen Capital invests in both domestic and foreign companies with China exposure through consolidation and growth strategies. | | | idi Emerging Markets Partners
Headquartered in Luxembourg, with offices in Paris and Hong Kong, we invest our clients’ funds in growth capital opportunities in established emerging markets, with a selective picking approach. We advise $US400 million in assets on behalf of corporates, banks, family offices and high net worth individuals. | | | | Corporate Associate Member | | | | Elvinger Hoss Prussen | | |
| | Recent Events Report | | | HKVCA Members Breakfast Meeting
6 July, 2018 |  | | The HKVCA's monthly breakfast meeting was held at the Hong Kong Club on Friday, 6 July, 2018. The event attracted over 70 members taking full advantage of the opportunity to network and reconnect with their fellow industry practitioners. This month's breakfast would not have been possible without the support of EY to whom we would like to extend our sincere thanks for their sponsorship and help in making this terrific networking event possible. | | | HKVCA Luncheon Talk: Technological Improvements in Private Equity
28 June, 2018 |  | The HKVCA hosted a luncheon seminar on technological improvements in private equity on June 28th, 2018 at the China Club. Ajay Narang, Head of Asia Sales on Preqin’s data team, began by reporting on the latest buyout and venture market trends, as well as on investment sentiment in Asia, in particular China. Henry Wadsworth, Head of Business Development in Asia Pacific at Preqin Solutions, then shared his observations and views with respect to LP expectations and requests, while Andrew Kehl, Global Head of Sales at Preqin Solutions, then introduced the firm’s portfolio manager solution which, he explained, helps private equity managers function more effectively.
With close to 40 HKVCA members attending the event, we would like to thank all the participants, and especially our sponsor, Preqin Solutions, for their generous support. | | | HKVCA Brownbag Luncheon Talk: Extracting Value through an IPO
21 June, 2018 |  | The HKVCA hosted its latest brownbag luncheon talk on June 21st, 2018 at EY’s Hong Kong offices. EY’s Keith Pogson, Global Assurance Leader Banking & Capital Markets, Eugene Goyne, Executive Director of APAC Regulatory Services, and Sarah Chan, Senior Manager of China Tax and Business Advisory Services, all shared their practical insights on how to effectively and efficiently navigate the regulatory, accounting and tax landscape during an IPO exit. They also discussed the myriad of tax issues financial sponsors might encounter during the IPO process.
Over 50 HKVCA members attended the event and we would like to thank the participants, and especially sponsors EY, whose support made the luncheon possible. | | | |
| | | Industry News | | First Round of Co-investment Partners of Innovation and Technology Venture Fund Announced | | — July 24, 2018 | (Press Release) - The Innovation and Technology Commission today (July 24) announced the first round of five venture capital (VC) funds selected as co-investment partners (CPs) of the Innovation and Technology Venture Fund (ITVF).
From last September to this January, the government invited the VC industry to join as CPs of the ITVF, and received applications from 14 VC funds. On the advice of the ITVF Advisory Committee... | | (link to the full article) | | | | Alibaba Ad Deal Completes Carlyle Engineering Feat | | — July 24, 2018 | | (Reuters by Robyn Mak) - An Alibaba advertising deal completes Carlyle's feat of financial engineering. Jack Ma's e-commerce titan is buying a minority stake in $24 billion Focus Media, some from the U.S. private equity firm. David Rubenstein's shop led a 2013 New York buyout and a profitable reverse-merger in Shenzhen, but a complex structure and rigid rules made... | | (link to the full article) | | | | Korea Dominates in Asia Leveraged Loans on Private Equity | | — July 20, 2018 | | (Bloomberg by Carol Zhong and Kyungji Cho) - South Korean lenders have dominated the ranks of firms participating in leveraged loans in Asia excluding Japan this year, as they provide funds for private equity firms that are on a buying binge of the country’s assets.
Eleven financial institutions from the peninsula, led by government-backed Korea Development Bank, took up all the top… | | (link to the full article) | | | | GoGoVan Secures US$250 million Fundraising after Merger | | — July 13, 2018 | (SCMP by Karen Yeung) - GoGoVan, Hong Kong’s first billion-dollar “unicorn” start-up, said it has raised US$250 million in the first phase of its new round of funding, led by InnoVision Capital.
Other investors include Alibaba’s logistics arm Cainiao, Russia-China Investment Fund, Hongrun Capital, Qianhai Fund of Funds, and 58 Daojia Group... | | (link to the full article) | | | |
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