Day 2
- On-demand
- About
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Agenda08.30 - 10.00AEDT
Limited partners’ session (invitation only.)
A behind-closed-doors session in which LPs can share their experiences of private markets investment – across multiple geographies, using third-party managers or going direct, and leveraging advisory relationships. Attendance is limited to investors with active alternatives programs as well as to those currently not allocating but who wish to find out more about the industry. Featuring presentations, an interactive panel, and a practical group discussion, the session will cover topics including:
- What investment committees are asking that they weren’t a year ago
- Best practices in terms of preparing portfolios for a downturn
- The implications of a slowdown in exits and distributions
- How appetite for certain markets or strategies varies based on the cycle
- Addressing ESG, impact, and decarbonisation priorities
- Risk and regulation in the context of private markets valuations
- Superannuation consolidation vs minimum cheque size constraints
- Accessing co-investment and being a value-added partner
10.00 - 10.30AEDTRegistration
10.30 - 11.00AEDT11.00 - 12.00AEDTGlobal outlook: Rewriting the playbook
Private equity faces significant headwinds globally. Geopolitical unrest, inflationary pressure, and rising interest rates have contributed to a highly uncertain investment environment. Even where there is conviction around an opportunity, financing it can be a challenge. At the same time, GPs continue to position themselves for long-term strategic growth, identifying new products and innovations and tapping new streams of capital. Our panel of industry experts discuss how they are approaching investments, from underwriting to exit.
- What makes this cycle different from the last?
- Portfolio management – storm-proofing or futureproofing?
- How are GPs evolving to remain globally competitive?
- What products and strategies are attracting most LP interest?
12.00 - 12.45AEDTPrivate markets in Australia: Tackling uncertainty
Supply chain issues, labour shortages, an M&A slowdown, a softening in consumer demand. This amounts to a snapshot of the local issues – some intertwined with global challenges, some not – confronting investors in Australia. With valuations yet to reset it is not an environment conducive to aggressive deployment. However, the best-performing vintages often coincide with the most challenging conditions. Our panellists offer insights into how they find value through targeting defensive sectors and leveraging domain expertise.
- What are the main drivers of deal flow in Australia?
- In which areas are GPs developing in-house operational resources?
- What are the implications of intermingling PE and infrastructure?
- How are GPs thinking more broadly about liquidity generation?
12.45 - 13.45AEDTLunch
13.45 - 14.30AEDTLessons learnt: 20 years of PE and VC in Australasia
The AVCJ Australia & New Zealand Forum has tracked and reflected the evolution of the industry over the past two decades. History is often episodic: the trials and triumphs of buyout pioneers, the arrival of global GPs, dotcom boom and bust, the global financial crisis, a record-breaking streak of economic growth, the rise technology-enabled business models, and a global pandemic. But the overriding story is one of an asset class that has become a cornerstone of the economy – and generated attractive returns for LPs along the way. A panel of industry veterans revisits the past and looks to the future.
14.30 - 15.15AEDT15.15 - 15.45AEDTNetworking break
15.45 - 16.30AEDTVenture capital: Time to show conviction
Venture capitalists have enjoyed a relatively long run of valuation upticks, a scattering of liquidity events, and latterly, increased support from local institutional investors. Now, though, the industry is facing a reality check. Challenging economic conditions have prompted questions about business model stability and the viability of valuations, and capital is harder to source. Assertions that the VC ecosystem has the maturity to thrive in the face of adversity will be put to the test.
- What is the outlook for early and growth-stage investment?
- Are regulators justified in questioning valuation methodologies?
- When is Australia likely to start seeing down rounds?
- What can VC investors do to build resilience into their portfolios?
16.30 - 17.15AEDTFundraising 2.0: Of private wealth and family offices
Private wealth platforms and family offices represent a fast-growing and increasingly popular capital source for alternative investment managers. For private equity firms, advisors, and intermediaries, marketing is educational as well as product driven. Working with high-net-worth investors also requires refined approaches in areas like reporting, fees, financial modelling, and co-investment. Our panel of wealth managers and family offices explores how these efforts are paying off and considers the long-term implications of democratising access to alternatives.
- Which sectors and strategies get the most traction with these investors?
- Are semi-liquid products the best way to reach the mass affluent?
- Have structural questions around capital calls and reporting been addressed?
- How should GPs go about engaging family offices on opportunities?
17.15 - 17.30AEDTClose of conference Day 1
18.00 - 21.00AEDTAVCJ Gala Dinner – in partnership with Australian Investment Council (SOLD OUT)
Bringing together industry leaders and business stakeholders, in partnership with Australian Investment Council will see more than 400 people take part in this major private capital industry gathering.
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