COMING EVENT

HKVCA Members are invited to join the next breakfast meeting to networking and information share.
Date:
 August 3, 2012 (Friday)     
 
 September 7, 2012 (Friday)
Time: 8:00 - 9:00am
Venue: The China Club   (pls note new venue)
Seats are limited and for members only
Save the Date
 
Save the date for APEF 2013 on 16 January 2013
 
MEMBER NOTICE
 

The paper analyses the state of venture capital and private equity in Hong Kong, and its application to entrepreneurial businesses, with interesting examples of how VC and PE funds have helped Hong Kong companies succeed in globalising and branding.

The purpose of this study is to mobilize support for entrepreneurs to achieve their aspirations of becoming the significant companies.

Download HKVCA Brown Paper
 

As part of this important exercise, HKVCA is undertaking a 2-part survey on

“How to Better Foster the Creation and Development of Entrepreneurial Businesses in Hong Kong”.

The first part of the study which has been completed, focuses on the Entrepreneurs in understanding the challenges they face

This second part of the study addresses the Investors – the Angels and VCs in Hong Kong on their interest and involvement in start-up entrepreneurial companies in Hong Kong.

If you are an Angel / VC who invests in entrepreneurial businesses, you are urged to participate and complete this online survey, which should take about 10 minutes to complete.

We thank you for your participation in the survey and helping develop important data for the industry and policy makers.

Survey on Angel Investors in HK
 
 
RESOURCE

FAQs Section
Members are welcomed to raise questions related to the industry through the FAQs section under Resource Page. The questions will be vetted and answered by Resource committee in batches.
OTHER EVENT Supported by HKVCA

SVCA High Tea Networking Reception
OTHER EVENT Supported by HKVCA


The Best Corporate Governance
Disclosure Awards

First introduced by the Institute in 2000, the BCGD Awards are Hong Kong’s most prestigious awards for corporate governance.  Now in its 13th year, the competition continues to play an important role in establishing benchmarks and encouraging improvements in the standard of corporate governance. It also raises awareness of the need for transparency and accountability to shareholders and stakeholders, prospective investors and, particularly in the case of public sector entities, the wider community. 

Award categories:
(i) HSI-constituent companies
(ii) Non-HSI-constituent companies* – large market capitalization
(iii) Non-HSI-constituent companies* – mid-to-small market capitalization
(iv) H-share companies and other Mainland enterprises*
(v) Public sector/Not-for-profit organizations

For more details, pls visit http://www.hkicpa.org.hk/en/about-us/best-corporate-governance-disclosure-awards/
OTHER EVENT Supported by HKVCA

Draft GAAR Guidelines from India – An update

Date: 3 August 2012 (Friday)
Time: 2:30 pm Registration
3:30 pm Presentation (with Q&A)
4:00 pm Ends
Place: PwC Conference Centre, 21/F, Edinburgh Tower, The Landmark,
Central, Hong Kong
Speaker: Gautam Mehra, Asset Management Sector Leader, PwC India
Registration: Free

The General Anti-Avoidance Rules ("GAAR") provisions grant powers to Indian income-tax authorities to invalidate any arrangement for tax purposes, if the main purpose or one of the main purposes, of entering into the arrangement by the taxpayer is to obtain a tax benefit. The provisions included in the Income-tax Act, 1961, are expected to be effective from April 1, 2013.

The law provides that GAAR provisions are to be applied  in accordance with the guidelines to be prescribed by the Central Board of Direct Taxes ("CBDT"). A committee set up by the CBDT has released recommendations around GAAR guidelines seeking public comments.

With a view to provide an overview of the draft guidelines as relevant to Asset Managers including Foreign Institutional , Venture Capital, Private Equity and Alternative Investors and the practical challenges arising out of such guidelines, we have arranged a Video Conference to discuss the guidelines and cordially invite you to participate in the same.
 
PwC News Alert – 2 July 2012 – Draft Guidelines on GAAR

Please RSVP by 25 July to Michel Chan on +852 2289 8735 at PwC-Asset-Management@hk.pwc.com.
OTHER EVENT Supported by HKVCA

Frontier’s 6th Annual Conference “Invest Mongolia 2012”

Date: 3-5 September, 2012
Place: Ulaanbaatar, Mongolia
Organizer: Frontier Securities
Registration: Free registration; up to 25% discount for Sponsorship and Exhibitor’s packages on early applications.

Invest Mongolia 2012: Mongolia’s largest capital raising and investment event

Why you should attend Invest Mongolia 2012:

  • Network with the leading players on the Mongolian investing scene
  • Learn about Mongolia’s resilience on the global mining marketplace
  • Recognize impending changes to the economic and political climate
  • Listen to firsthand insights from the leading experts on Mongolian business
  • Discover the latest investment prospects
  • Visit the mining sites first hand and understand how they operate
  • Raise capital from top international investors
Up to 25% Discount on early application for Sponsorship and Exhibitor’s packages
Call Phillip Ross at +976 7011 9999, e-mail conference@frontier.mn or register at http://www.frontier-conference.com
OTHER EVENT Supported by HKVCA

SuperReturn Asia 2012

Date: 24-27 September, 2012
Venue: JW Marriott Hong Kong
Organizer: ICBI
Registration: 15% Discount For HKVCA Members

The 7th annual SuperReturn Asia brings together 800 of Asia’s and the world’s most senior private equity attendees, including over 200 powerful LPs.
Hear in-depth coverage from 160 speakers, including 60 LP speakers, of the current issues in Asian private equity and insights on how to maximize opportunities in the coming year. Fundraising GPs will save on travel budgets and can meet a plethora of new local and global LPs during numerous special networking events.
Don’t forget the popular China Summit and LP Relations Summit + New for 2012: US & Asian Veterans Panel & Super Angel Investors in China. 

15% Discount For HKVCA Members – Quote VIP code: FKR2328HKVCA

Call ICBI on +44 (0) 20 7017 7200, Email:  info@icbi.co.uk
Website: http://www.informaglobalevents.com/hkvca
OTHER EVENT Supported by HKVCA
EOY Award 2012
 
   
EVENT CALENDAR
■ August 3
Members Breakfast (China Club)
■ September 7
Members Breakfast (China Club)
■ October 5
Members Breakfast (China Club)
The above is subject to change
NEW MEMBERS WELCOME

Full Member

Apollo Management (Singapore) Pte Ltd.
Represented by
Jonathan Hulbert, Head of Client Service, A.P.

Founded in 1990, Apollo Global Management, LLC (including affiliates, “Apollo”) is led by its managing partners Leon Black, Josh Harris and Marc Rowan, and has assets under management of USD75 billion as of December 31, 2011. The firm has an integrated capital markets, private equity and real estate investing platform with significant credit expertise and the ability to execute creative and difficult transactions.

Asia Capital Advisor
Represented by
Dr Catherine Shiang, Managing Director

Asia Capital is a special situation advisory group that was founded in 2005. We provide niche capital introduction services to fund managers (both private equity and fund of fund) that we believe can support our advisory business. Our advisory work is transaction specific which range from project management to regulatory and investor communication. These clients have included CV Starr, Dragon Capital AM, Vision Management, Prudential Corporation Asia, Sands China and UC Rusal.

Rock Investment Group
Represented by
Jessica McCauley, Director

Rock Investment Group Ltd. is a private equity firm focused on venture capital projects and real estate acquisitions with global assets of over HKD 2 billion. The Group makes seed, angel and capital investments in companies which operate in a diverse range of sectors. The Group’s investments are made by an experienced investment team who leverage strong relationships with industry professionals to identify companies unrealized potential and bring them into the Group’s portfolio.

Silver Lake Asia Ltd.
Represented by
Jacqueline Petts, Head of Legal, Asia

Opes Asia Development Limited
Represented by
Michael Yang, Executive Director/ CEO

Opes Asia Development Limited is principally engaged in investment in listed and unlisted companies established in the People's Republic of China, Hong Kong, Australia and the Cayman Islands while it has substantial operations in Hong Kong, in order to achieve medium to long term capital appreciation.

Bagan Capital
Represented by
Mr. Jeremy Kloiser-Jones, Founder & CEO

Bagan Capital is an investment and advisory firm with a specific focus on opportunities in Myanmar. We operate from offices in Hong Kong and Yangon. We are currently raising capital for our Myanmar private equity fund. We also undertake selective advice work for strategic investors.

Rising Sun International Real Estate Venture Investment LLC
Represented by
Bill Lin, General Manager

RSIC mainly invests China’s real estates, including land acquisition, project development, purchase of residential or commercial real estates, and other related businesses. Management of Rising Sun is armed by a professional team with long-term and profound experiences in real estate market, ranging from real estate development, finance and risk control.

Albright Capital
Represented by
Mary Koo, Managing Director

Albright Capital is a Hong Kong venture capital firm that specializes in investments in real estates in Asia (ex-Japan), Australia and Europe. We seek entrepreneurs with the experience, energy, vision and desire to build great companies.

 

Associate Member

Park Hill Group LLC
Represented by
Kallan Resnick, Principal

Park Hill Group LLC is a leading global alternative asset placement agent. Since inception, the Firm has served as a placement agent to funds that raised in total in excess of $126.4 billion of commitments for its private equity and hedge fund clients. Park Hill’s mission is to represent “best of breed” general partners and managers in connection with the raising of private equity funds, hedge funds, and other alternative investment products.

World-Check (A Thomson Reuters Business)
Represented by
Mr Jean-Luc Gustave, Managing Director, NEA

World-Check is part of the Thomson Reuters Governance, Risk and Compliance division and the Accelus suite of products. World-Check offers services effective at revealing risk that can be difficult to find. Our risk and remediation programme is used by more than 5,400 organisations in over 150 countries to meet their compliance obligations and protect the value of their reputation. Our services include Anti Money Laundering (AML), Know Your Customer (KYC), Politically Exposed Person (PEP) screening, transaction monitoring and Enhanced Due Diligence (EDD).

Robert Walters
Represented by
Hugh Baker, Senior Consultant

Robert Walters Private Equity team specialises in placing candidates into investment and portfolio management positions. The team works with GP’s across buyout, growth capital, mezzanine, venture and fund of funds. Robert Walters has been in Hong Kong for 14 years and have offices in Shanghai, Beijing, Suzhou and Nanjing.” Formed to diversify the family investment initiatives, Albright is funding real estate companies of potential and helping them to achieve maximum potential through contacts, advice and support.

Allen & Overy
Represented by
Alan Ewins, Partner

Allen & Overy APAC regulatory group advises on the establishment and ongoing operation of a wide range of, and investment in, investment funds including real estate, hedge, private, infrastructure, RMB and sovereign wealth funds. We have extensive experience in advising on local and cross-border regulatory issues, and restructuring and dispute resolution issues. We also extensively advise on derivatives and structured financing in this context. We pride ourselves in offering an effective and user-friendly service to our clients.
RECENT EVENT REPORT
The 11th China Private Equity Summit
June 7, 2012


The China Private Equity Summit is the leading venture capital and private equity practitioner conference, with a reputation for its excellence in addressing the important issues that are of interest to practitioners and professionals investing in China, its rich contents and bringing in the best industry experts to discuss the topics. The 11th China Private Equity Summit this year was the most successful to date with more than 320 GPs, LPs, intermediaries and service providers, government officials, with representation from China, Korea, Japan, Taiwan, Russia and Middle East.

The 25th Annual General Meeting
June 22, 2012


40 members attended the AGM on June 22, 2012 at the China Club. The Chairman reported the activities and achievements of the association for the past year, followed by election of the new Executive Committee.

Young Professionals Bimonthly Drinks
June 28, 2012


More than 90 turned up for the Drinks. All had a great time and got to know many of their peers in the industry.
HKVCA Representative Office in Beijing
香港创业及私募投资协会
驻北京代表处
For more information about HKVCA Beijing Representative Office, Please contact Mr. Kelvin Bian, Tel: 010-88087035.
Partnership with Beijing PEA.

有关香港创业及私募投资协会 北京代表处的详情，请邮件联系边先生或致电010-88087035 , 与北京股权投资基金协会互为合作伙伴。
 
 
Hong Kong Venture Capital and Private Equity Association Limited
Tel: (852) 2845 6100      Fax: (852) 2537 0086
Website: http://www.hkvca.com.hk      Email: enquiry@hkvca.com.hk
 
Disclaimers
The HKVCA newsletter may contain information that is created and maintained by a variety of sources both internal and external to HKVCA. The newsletter may contain the personal opinions and other expressions of the persons who post the entries. HKVCA does not control, monitor or guarantee the information contained in links to other external web sites, and does not endorse any views expressed or products or services offered therein. In no event shall HKVCA be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such site or resource.