AVCJ Private Equity & Venture Forum Southeast Asia 2023
The Westin Singapore and Online
2023 Forum Demographics
LPs that attended the Forum previously include:
- Abu Dhabi Investment Authority
- Adams Street Partners
- Advantage Partners
- Aglaia Family Office Pte Ltd
- AIA Investment Management
- Alberta Singapore Office
- Allianz Insurance Management Asia Pacific (Singapore)
- AlpInvest Partners Limited
- Alto Partners
- Aozora Bank, Ltd.
- APG Asset Management Asia
- ARDIAN Investment Singapore Pte Ltd
- Asia Alpha
- Asia Alpha Private Equity
- Asia Capital Advisor Ltd
- Asia Capital Reinsurance Group
- Asian Development Bank
- Asian Infrastructure Investment Bank
- Axiom Asia Private Capital Pte Ltd
- Azalea
- Bank of Singapore
- BIMB Investment Management Berhad
- BlackRock Private Equity Partners
- BNP Paribas Wealth Management
- C S Partners Pte Ltd
- CA Indosuez
- CA Indosuez (Switzerland) SA
- Candareen Capital
- Capital Dynamics
- CDPQ
- CDPQ Asia Pacific Pte Ltd
- China Investment Corporation
- China Ping An Insurance Overseas (Holdings) Limited
- China-ASEAN Investment Cooperation Fund
- Coller Capital
- CrimsoNox Capital Pte Ltd
- CS Partners
- DBJ Asset Management
- DEG
- Development Bank of Japan
- Eagle Asia Partners
- Eastspring Investments
- EE Capital
- Fedesa Asia Advisory
- Flexstone Partners
- GIC
- Golden Alpha
- Golden Equator
- Great Eastern Life Assurance
- Hamilton Lane
- Hanwha Life
- HarbourVest Partners
- Heliconia Capital
CERTIFIED BY THE CPD CERTIFICATION SERVICE
AVCJ Southeast Asia Forum is now a CPD certified event.
10 CPD points can be claimed after attending the event (in-person only).
For further information on CPD accreditation please visit: www.cpduk.co.uk
Sponsors 2023
Lead Sponsor
Navis Capital Partners
https://www.naviscapital.comNavis Capital Partners (“Navis”) was founded in 1998. It has over two decades of experience in partnering and growing distinctive companies in Southeast Asia. Navis has made over 90 control growth buyout investments and over 80 follow-on investments. Our 25 years of investing experience, focused on transforming and growing middle market businesses with a distinctive competitive advantage, has delivered top quartile returns.
Navis manages several private and public equity capital commitments totalling over ~USD 5 billion, and whose investors include a number of well-known US, European, Middle Eastern and Asian institutional investors and family offices.
Navis operates 6 offices across the region and has over 100 professionals comprising of 15+ nationalities. This strength in numbers and longevity in the region results in all of Navis’ companies to be leaders or near leaders in their fields. Industries/segments in which Navis has invested include healthcare, education, food processing, F&B, industrial products amongst others.
The firm contributes both capital and management expertise to its portfolio companies with the objective of directing strategic, operational and financial improvements, typically through initiatives that drive growth, margin improvement and asset efficiency. 80% of Navis’ realised returns have been driven by revenue and EBITDA growth.
Navis’ investment model places a low reliance on leverage to drive its equity returns.
Navis has launched its Navis Asia Credit platform to leverage on the firm’s extensive and deep sourcing capabilities in the region, and will seek to provide liquidity solutions to high quality middle market family owned businesses.
Asia Series Sponsor
KPMG Singapore
http://www.kpmg.com.sg/privateequityKPMG is a global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The network adopts a global approach to client needs that spans professional disciplines, industries, sectors and national borders.
Our global network consists of 219,000 people in member firms in 147 countries and territories. In Singapore, our practice is organized around our Audit, Tax and Advisory practices.
In the ASEAN region, KPMG member firms operate across all 10 countries. Our industry focus helps KPMG firms’ professionals develop a rich understanding of clients' businesses and the insight, skills and resources required to address industry-specific issues and opportunities.
Our dedicated Private Equity (PE) group in ASEAN comprises leading transaction advisory, deal origination, portfolio value creation and mergers and acquisitions (M&A) Tax professionals. We firmly believe in accompanying portfolio companies throughout their investment lifecycle. Our value creation professionals specialise in working closely with the management of companies to embed best practices, improve operating and financial performance and build value prior to exit. We also help organisations prepare for an IPO and manage the sales process to enhance value upon exit.
Co-Sponsors
AC Ventures
https://acv.vcAC Ventures (ACV) is a top Southeast Asian venture capital firm that invests in early-stage startups focused on Indonesia and ASEAN, with over US$500 million in assets under management.
The firm empowers entrepreneurs with more than capital by combining operational experience, industry knowledge, deep local networks, and resources. ACV's team has invested in over 120 regional tech companies since 2012.
With a team of more than 35 professionals led by Adrian Li, Michael Soerijadji, Helen Wong, and Pandu Sjahrir, it has offices in Jakarta and Singapore.
Adams Street Partners
http://www.adamsstreetpartners.comAdams Street Partners is a global private markets investment manager with investments in more than thirty countries across five continents. Adams Street’s 90+ investment professionals focus on five strategies: primary fund partnerships, secondary transactions, co-investments, direct growth equity company investments, and private credit deals. Adams Street strives to generate actionable investment insights across market cycles by drawing on 50 years of private markets experience, proprietary intelligence, and trusted relationships. The firm is 100% employee-owned and has $51 billion in assets under management. Adams Street maintains a worldwide presence with offices in Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, and Tokyo.
Alea Consulting
https://alea.asiaAlea Consulting specializes in providing due diligence research and consulting services focused on reputation, integrity, compliance, and ethics for potential investee entities and their senior professionals.
Our mission is to become the premier provider of risk mitigation and investigative consulting services, leveraging innovative technology and automation. With proprietary technology supporting our in-house research capabilities and a unique and trusted pan-India and international network, we have been assisting the investor community for over 20 years.
We maintain a comprehensive due diligence process that encompasses regulatory compliance, enforcement, litigation, PEP, CFT, terrorist lists, global sanctions, and domestic blacklist and watchlist checks, as well as adverse media reviews.
We deliver accurate, timely, and actionable intelligence to empower clients to make informed decisions and mitigate risk effectively.
To discover more about how Alea Consulting can benefit your business, please visit our website or reach out to us at bd@alea.asia.
Alois Ventures
http://www.alois.ventures/Alois Ventures is a Singapore based venture capital firm incorporated in 2019 by Louis Ryu, the founder/CEO. Louis Ryu founded Alois Ventures based on the 10 years of experience in global startup investment. He started his career starting from the field of M&A advisory in 2009 and had an opportunity to work at the venture capital firm in Korea. After, he moved to Korean government organization and led startup consulting and accelerating programs. In 2015, he founded an accelerator firm in Korea named Shift and led Korean startup industry as an expert of Southeast Asia market penetration. Based on the experience, Alois Ventures is taking a role as a fund manager of the funds investing in global startups, especially in Southeast Asian companies.
Currently, Alois Ventures is the co-GP of the Guardian Scaleup Fund I launched in 2020 and preparing for the next fund to launch at the end of November 2023. Both funds are led by a team of highly experienced investment professionals who are dedicated to identifying and investing in high-growth companies with the potential to generate significant returns for investors. Its team brings together a diverse set of skills and experiences, including extensive expertise in venture capital investing, investment analysis, portfolio management, and strategic planning.
Alvarez & Marsal
http://www.alvarezandmarsal.comCompanies, investors and government entities around the world turn to Alvarez & Marsal (A&M) for leadership, action and results. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services. When conventional approaches are not enough to create transformation and drive change, clients seek our deep expertise and ability to deliver practical solutions to their unique problems.
With over 10,000 people across six continents, we deliver tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders, and their teams, leverage A&M’s restructuring heritage to help companies act decisively, catapult growth and accelerate results. We are experienced operators, world-class consultants, former regulators and industry authorities with a shared commitment to telling clients what is really needed for turning change into a strategic business asset, managing risk and unlocking value at every stage of growth.
To learn more, visit alvarezandmarsal.com. Follow A&M on LinkedIn, Twitter and Facebook.
Apex Group
https://www.apexgroup.comApex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices worldwide and 11,000 employees in 38 countries, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
Audax Strategic Capital
https://www.audaxstrategiccapital.comBuilding on Audax Group’s 20-plus year history in the middle market, Audax Strategic Capital is a flexible partner to private equity sponsors, and provides a versatile mix of capital solutions to GPs, including mid-hold and follow-on investments, as well as select continuation-capital transactions across North America and Europe. ASC’s capital solutions support add-on acquisitions and organic growth initiatives through customized structures that enable PE sponsors continued control and ownership of performing assets while ensuring interests remain aligned in pursuit of future growth.
Backstop
https://www.backstopsolutions.comBecause every minute matters, Backstop’s mission is to help the institutional investment industry use time to its fullest potential. We develop technology to simplify and streamline otherwise time-consuming tasks and processes, enabling our clients to quickly and easily access, share, and manage the knowledge that’s critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to private equity, investment consultants, pensions, funds of funds, family offices, endowments, foundations, hedge funds, and real estate investment firms.
ChrysCapital
http://www.chryscapital.comFounded in 1999, ChrysCapital is one of the largest and most established India-focused private equity firms. By any measure, ChrysCapital’s track record is one the strongest in the context of Indian private equity – $4 billion raised across 8 funds, 86 investments, and 67 full exits. The firm has fully realized five successive funds on schedule with strong US$ net returns, which is unprecedented not just in India, but potentially also emerging markets in general. Overall, ChrysCapital has invested $3.0 billion and realized $5.3 billion, which equates to a disproportionately high share of total PE realizations from India. The firm has achieved all this while maintaining one of the lowest loss ratios and fee drags in the industry (~15% fee-to-invested capital vs 20-25% for the industry).
Coller Capital
http://www.collercapital.comColler Capital, founded in 1990, is one of the world's leading investors in the secondary market for private assets – and widely acknowledged as an innovator at the complex end of secondaries.
The firm provides liquidity solutions to private markets investors worldwide, acquiring interests in private equity, private credit, and other private markets assets. With headquarters in London, and offices in New York and Hong Kong, Coller’s multinational investment team has a truly global reach.
In January 2021, the firm closed Coller International Partners VIII, with committed capital (including co-investment vehicles) of just over $9 billion and backing from over 200 of the world’s leading institutional investors.
In February 2022 the firm closed Coller Credit Opportunities I, with committed capital (including co-investment vehicles) of c.$1.4 billion and backing from over 30 institutional investors.
CVC
https://www.cvc.com/CVC Capital
CVC is a leading private equity and investment advisory firm with a network of 25 offices throughout Europe, Asia and the US, with approximately €137 billion of assets under management. CVC has six complementary strategies across private equity, secondaries and credit, for which we have secured commitments in excess of €165 billion from some of the world's leading institutional investors across its private equity and credit strategies. Funds managed or advised by CVC are invested in over 100 companies worldwide, which have combined annual sales of approximately €100 billion and employ more than 550,000 people. For further information about CVC please visit: www.cvc.com. Follow us on LinkedIn.
CVC Asia
CVC has one of the largest and longest-established pan-regional office networks of any private equity business in Asia and has been active in the region since 1999. CVC's Asia private equity strategy is focused on control, co-control and structured minority investments in high quality businesses in core consumer and services sectors across Asia. Typical enterprise values are between $250 million and $1.5 billion. For further information about CVC’s Asia Pacific funds please visit: www.cvc.com/private-equity/asia.
East Ventures
https://east.vc/East Ventures is a pioneering and leading sector-agnostic venture capital firm headquartered in Singapore. Founded in 2009, East Ventures has transformed into a holistic platform that provides multi-stage investment, including Seed and Growth for over 300 companies in Southeast Asia.
An early believer in the startup ecosystem in Indonesia, East Ventures is the first investor of Indonesia's unicorn companies, namely Tokopedia and Traveloka. Other notable companies in the portfolio include Ruangguru, SIRCLO, Kudo (acquired by Grab), Loket (acquired by Gojek), Tech in Asia, Xendit, IDN Media, MokaPOS (acquired by Gojek), ShopBack, KoinWorks, Waresix, and Sociolla.
East Ventures was named the most consistent top performing VC fund globally by Preqin, and the most active investor in SEA and Indonesia by various media. Moreover, East Ventures is the first venture capital in Indonesia to sign the Principles of Responsible Investment (PRI), supported by the United Nations (UN). East Ventures is committed to achieving sustainable development and bringing positive impacts to society through its initiatives and ESG-embedded practices.
Instagram: https://www.instagram.com/eastventures/
EmergeVest
http://www.emergevest.com/Formed in 2013, we are a global investment firm with US$850m+ of AuM that seeks to build great businesses, provide innovative capital solutions and generate value for all stakeholders.
We are active in cross-border mid-market M&A via our growth-oriented buy-and-build investment strategy. We invest at the intersection of supply chain, technology and finance, where we have proven domain knowledge and operational expertise. We employ the EmergeVest Operating System to drive value creation at our portfolio companies, with fundamental, operationally-led growth and sustainability strategies. Our flagship example of value creation is our portfolio company, EV Cargo, a global supply chain and technology leader.
For more information, please contact info@emergevest.com.
EQT
https://eqtgroup.comEQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies. Uniquely, EQT is the only large private markets firm in the world with investment strategies covering all phases of a business’ development, from start-up to maturity. EQT today has more than EUR 112 billion in assets under management including BPEA EQT across 45+ active funds within three business segments – Private Capital, BPEA EQT and Real Assets.
With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.
In October 2022 EQT combined with BPEA Asia to create BPEA EQT combines the private equity teams from Baring Private Equity Asia (BPEA) and EQT Asia, creating a comprehensive Asian private equity presence with local teams in eight cities across the region, a 25-year heritage, and more than USD 25 billion of capital deployed since inception.
Private Capital comprises six business lines: EQT Private Equity, EQT Future, EQT Ventures, EQT Life Sciences, EQT Growth and EQT Public Value. The Private Capital segment has grown rapidly and has EUR 68.2 billion in assets under management as of December 2022.
Real Assets – The Real Assets’ business segment comprises three business lines: EQT Infrastructure, EQT Active Core Infrastructure and EQT Exeter. The Real Asset segment has EUR 44.2 billion in assets under management as of December 2022.
HighLight Capital (HLC)
https://www.hlc.com.cnHighLight Capital (HLC) is a private investment firm dedicated to creating long-term values through promoting technology innovations. Empowered by our deep knowledge in chemical, biological and material sciences, and leveraging our proprietary industry research and comprehensive enablement services, we strive to invest in companies that boost manufacturing efficiency and improve human wellness.
Since inception HLC has invested in over 120 leading companies, including Mindray, Wuxi Apptec, Tigermed, Pharmaron, Hongene, Zentalis, Singular, Lepure, United Imaging, Etana, BABO and more.
HLC currently manages over US$2.6 billion, with operations across key Asian growth hubs such as Shanghai, Singapore, Shenzhen and Hong Kong.
Lazard
https://www.lazard.comLazard, one of the world's preeminent financial advisory and asset management firms, operates from 40 cities across 25 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals.
Madison India Capital
http://www.madison-india.comMadison India Capital is one of India's leading independent private investment firms. Since its inception more than ten years ago, the firm has generated more than $1 billion in value, including distributions to fund of funds, financial institutions, pension funds, secondary funds, and family offices.
The firm offers liquidity to shareholders of exceptional companies and partners with both private equity managers as well as ambitious management teams of portfolio companies. Madison India Capital has been the trusted liquidity partner to top decile venture capital firms, private equity firms, founders and employees. The firm has provided liquidity to over 450 parties in India and Southeast Asia since inception.
The firm takes an active role where helpful and works collaboratively with other investors to help management achieve its growth plans. The firm has offices in Delhi, Singapore and Mauritius.
Openspace Ventures
https://www.openspace.vcOpenspace Ventures focuses on early and growth-stage investments in Southeast Asian technology companies. Since launching in 2014, Openspace now manages 6 funds with total committed capital of US$800M from global investors. It has consistently shown a strong track record and emphasized experienced on-ground regional coverage and tech operations capabilities. Openspace has invested in 54 companies across the region including Gojek, Halodoc, Biofourmis, Kredivo, Kumu and Pluang. It operates out of offices in Singapore, Jakarta, Bangkok, Ho Chi Minh City and Manila with a team of 39 people representing 12 different nationalities and speaking 11 languages.
ShawKwei & Partners
http://www.shawkwei.comShawKwei & Partners is an international private equity fund manager based in Hong Kong, Singapore, Shanghai and San Francisco. We have been investing across Asia, the USA, and Europe for over 30 years and understand the challenges facing companies competing in today’s global markets.
We invest with mid-market industrial and service businesses capitalizing on ShawKwei’s core strengths: detailed and insightful analysis, operational skills, and transformation experience to drive business profitability and capital efficiency. ShawKwei’s partnership with management is pivotal to transforming and improving those investments.
We take significant ownership stakes in our investments coupled with our disciplined and hands-on management to assist portfolio companies to build better business and achieve long-term success. The ShawKwei strategy, methods and practices are specially crafted for businesses operating across Asia, Europe, and USA.
TPG NewQuest
http://www.nqcap.comTPG NewQuest is a leading dedicated secondary private equity platform focused on the Asia-Pacific region with offices in Singapore, Hong Kong, Beijing, Mumbai and Shenzhen. TPG NewQuest specializes in providing strategic liquidity solutions to private equity asset owners, including private equity funds, financial institutions, corporations, hedge funds and family offices. TPG NewQuest was established in 2011 and currently manages five funds and associated co-investment vehicles with capital commitments of over US$2.9 billion. TPG NewQuest is wholly owned by TPG, Inc. a leading global alternative asset management firm with US$135 billion in assets under management.
Vitalbridge
https://www.vitalbridge.com/Established on October 9, 2019, Vitalbridge is committed to discovering China's most dynamic entrepreneurs of vitality in the next decade. Jointly, Vitalbridge grows with them to create long-term value.
As a new generation theme-driven venture capital firm in China, we are famous for our "selective, long position" investment style, with a current management scale of $500 million, and our LPs are mainly domestic and foreign long-term funds, including leading industrial companies, Internet entrepreneurs, founders of domestic and foreign listed companies, overseas FoFs and family offices, and other top institutions and industrial capital.
Vital bridge focuses on China's transition from an economy of scale to a quality economy from the perspectives of "demographics" and "technology innovation". We focus on robotics, artificial intelligence, and technology services. Vitalbridge invests $3 million to $30 million in early to mid-stage investments to help China's digital upgrade.
VC Legal Sponsor
Cooley
https://www.cooley.comCooley LLP is an international law firm representing clients in a wide range of industries. We have more than 1,500 lawyers across 17 offices in Asia, Europe and the United States, representing 6,000+ high-growth new economy companies, 500+ venture fund families and closing 2,000+ venture and growth investments per year.
For over 30 years, Cooley has been advising companies and investors in Asia from our offices in Singapore, Beijing, Shanghai, and Hong Kong. We are broadly recognized for its powerhouse technology, life sciences and venture capital practices. We represent some of Asia’s most innovative and dynamic companies and leading investors, advising on their financings, M&As and joint ventures, IPOs and other strategic transactions at all stages of their growth.
Our dedication to Asia's fund industry is unparalleled and unrivaled by any other law firm. Cooley forms considerably more dollar-denominated Asia venture capital and growth equity funds in dollar terms than any other law firm worldwide, and in 1989, organized China’s first dollar-denominated private investment fund. Today, we are counsel to more than 500 private investment fund organizations worldwide, including more than 90 fund managers with their primary operations in Asia and numerous other managers outside of the region making investments in portfolio companies in the region.
We have a team of more than 40 specialist fund formation lawyers and dozens of other practitioners dedicated to serving our clients headquartered and doing business in Asia. Our team is bolstered by international tax, regulatory, securities and other lawyers that regularly work on the structuring and implementation of global funds.
Legal Sponsor
Baker McKenzie
https://www.bakermckenzie.comBaker McKenzie is a transactional powerhouse with unmatched private equity focus and expertise. We work with some of the world's largest financial sponsors on acquisitions, exits and portfolio company needs. We help structure deals to minimize risk and ensure that clients achieve their goals.
With over 300 private equity lawyers, we have more experts in more markets than any other private equity practice and work seamlessly across borders to deliver onnovative advice wherever it may be. Seamless, global operation is part of our DNA.
Our full service firm and breadth of practices enables us to address all aspects of the transaction, bringing specialists that are best in class in their fields.
The combination of our deep sector local expertise, and our ability to work seamlessly across each of the countries and specialisations means we can add unique value in shaping, negotiating and closing the deal. We are a true partner in the investment process, from initial investment to exit, that can help structure financing, incentivise management, create value in the portfolio company and execute a successful exit.
The results speak for themselves - we lead and close complex deals - every day.
Networking Coffee Break Sponsor
Intralinks
https://www.intralinks.comIntralinks, an SS&C company, is a leading financial technology provider for the global dealmaking, alternative investments and capital markets communities. As pioneers of the virtual data room, our technology enables and secures the flow of information, empowering our customers to work more productively and with complete confidence. Intralinks facilitates strategic initiatives such as mergers and acquisitions, corporate lending, debt sales, capital raising and investor reporting. Our solutions enhance these activities by streamlining operations, reducing risk, improving client experiences and increasing visibility. We’ve earned the trust and business of more than 99 percent of the Global Fortune 500 and have executed over $35 trillion in financial transactions on our platform.