AVCJ Private Equity Forum Singapore 2024

The Westin, Singapore and Online

24 Apr

Day 1

  • Agenda keyboard_arrow_down
    09.00 - 09.10

    Opening remarks

    09.10 - 09.40

    Keynote address

    09.40 - 10.40

    Global view on Asian private markets: Strategies for the future

    Private equity investors are adjusting their strategies in response to a new normal characterised by macroeconomic uncertainty, geopolitical tensions, a higher cost of capital, and a lack of liquidity. The process of picking winners hasn’t changed, but the dynamics around it have – leading to tweaks in geographic and sectoral focus. Industry leaders explain what’s the same and what’s different.

    • How does geopolitics impact investment strategy?
    • Have valuation expectations adjusted enough to stimulate more deal flow?
    • To what extent are managers pursuing alternative sources of liquidity?
    • What issues keep GPs awake at night?
    10:40 - 11:10

    Morning break

    11.10 - 11.55

    Southeast Asia spotlight: Staying the course

    Southeast Asia is not immune to the headwinds affecting the industry, but the region can counteract this thanks to a couple of tailwinds. First, a combination strong growth characteristics, attractive demographics, and relative geopolitical stability. Second, an influx of industrial capacity arising from the reorientation of supply chains to manage China risk. GPs share their outlook for the region.

    • Country vs regional funds – what is the best way to access Southeast Asia?
    • Are managers in the region receiving allocations that previously went to China?
    • Has Southeast Asia private equity met expectations in terms of performance?
    • What are the prospects for exits over the next 12 months?
    11.55 - 12.40

    Portfolio management: Shifting strategies

    Assets with operational risk are being held for longer as private equity investors reassess exit options and look for additional ways to drive alpha in challenging conditions. This has led to increased focus on building sector and operational capabilities, close collaboration with management, and the need to act decisively on cost controls and strategic adjustments. Industry experts compare playbooks.

    • Will value creation be the key performance differentiator in the near term?
    • What represents best-in-class in terms of internal operational capabilities?
    • How can GPs leverage technology tools like artificial intelligence?
    • What is the key to effective communication with management teams?
    12:40 - 13:40

    Networking lunch

    13.40 - 14.25

    Venture capital: Overcoming adversity

    Venture capital in Asia is facing a reality check following a long run of valuation upticks, headline liquidity events, and increased support from institutional investors. Now is the time for leading managers to demonstrate strategic differentiation and the ability to maintain line of sight on exits despite external challenges. Early-stage investors discuss how to navigate a maturing yet far-from-straightforward ecosystem. 

    • How deep are valuation corrections across different stages and markets?
    • What can GPs do to help portfolio companies beyond burn rate management?
    • Which paths to liquidity will be easiest to navigate over the coming 24 months?
    • Where are the biggest generative AI-driven opportunities in Asia?
    14.25 - 15.10

    India: Asia’s new sweet spot?

    Asked how this generation of Indian private equity is different to the last, managers often highlight the rollout of robust physical and digital infrastructure. To this can be added attractive economic growth prospects, burgeoning capital markets, and a rich seam of returns – already partly realised – in areas like IT services. Investors consider the rewards and risks of Asia’s hottest market.

    • Are India’s fundamentals strong enough to withstand global headwinds?
    • How are investors approaching cross-border deals?
    • Will domestic IPOs be the dominant exit channel in the near term?
    • Can local investors become significant LPs in private equity?
    15:10 - 15:40

    Afternoon break

    15.40 - 16.25

    Energy transition: Embracing the green economy

    With trillions of dollars earmarked for investment as part of efforts to meet global emissions reductions targets, private equity players are looking for ways to access energy transition. The impact is widespread. For all the focus on renewables, energy storage, and automotive electrification, countless companies in traditional industries stand to benefit from sustainability-oriented upgrades. Investors map out a once-in-a-generation opportunity.

        What is the risk-return profile of energy transition?
        How are private equity firms upskilling themselves to address the market?
        Does energy transition warrant separate funds and mandates?
        How are investors approaching less proven areas like alternative fuels?

    16.25 - 17.10

    Strategic partners: The rise of family offices

    Family offices represent an attractive target for private equity – a consequence of growing private wealth in Asia and increased familiarity with the asset class. They vary hugely by resources and risk appetite, which means relationships are hard to cultivate. GPs must not only be targeted in their outreach, but also open to tailoring structures and reporting to meet client needs. 

    • Are private wealth platforms the best way to access family offices?
    • How can GPs overcome reluctance to participate in blind pool funds?
    • What is the key to building and maintaining strategic relationships?
    • What does Singapore’s evolution as a family office hub mean for private equity?
    17.10 - 18.30

    Day one close and cocktails