AVCJ Private Equity & Venture Forum Southeast Asia 2023
The Westin Singapore and Online
2022 Forum Demographics
Benefits of attending:
- Network with over 300 global LPs allocating capital to the market
- Discover the outlook for Private equity in 2023 and beyond
- Hear from fund managers on how secondaries can be a tool for liquidity
- Find out how to navigate Southeast Asia private markets
- Gain an insight into industry trends including democratisation of private equity
- Uncover what drives ESG in the region
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
Lead Sponsor
Navis Capital Partners
https://www.naviscapital.comNavis Capital Partners was founded in 1998 in order to make private equity investments in buyouts, recapitalisations and financial restructurings in Asia, particularly on enterprises with a strong presence in Southeast Asia.
Navis acquires control of its portfolio companies. Since its founding, Navis has made over 75 controlling investments most of which have been completed with little reliance on acquisition finance. All Navis’ companies are leaders or near leaders in their fields. Industries/segments in which Navis has invested include food processing, fast food/casual dining, industrial products, fast moving consumer goods, outdoor advertising, auto rentals, consultancy and professional services, 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. Navis’ investment model places a low reliance on leverage to drive its equity returns.
The firm manages several private and public equity capital commitments totaling ~USD 5 billion, and whose investors include a number of well-known US, European, Middle Eastern and Asian commercial and investment banks, pension funds, insurance companies, corporations, foundations, as well as a number of high net worth individuals and family offices. Navis has one of the largest private equity professional team in Asia, comprising more than 70 individuals, supported by 40 administrative staff, in six offices across the region.
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 is a leading Southeast Asian Venture Capital Firm investing in early-stage startups focused on the Indonesia and ASEAN markets. AC Ventures’ mission is to partner and empower entrepreneurs with more than capital, combining operational experience, industry knowledge, deep local networks, and resources to create value. Our vision is to be a generational partner to founders driving positive societal change and economic impact to Indonesia and beyond through technology-enabled ventures.
AC Ventures manages over US$380M in AUM invested across four funds. Since 2012, AC Ventures’ Partners have invested in over 100 technology companies in Indonesia and Southeast Asia, including some of the most iconic names in the SEA digital ecosystem. AC Ventures’ Founding Partners, Adrian Li, Michael Soerijadji, and Pandu Sjahrir, lead a team of over 25 professionals with 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://www.alea.inAlea Consulting provides Promoter Integrity Due Diligence reports; White-Collar crime and malfeasance investigations; Undisclosed/Hidden Asset Discovery services; Cyber Security Consulting, Senior Employee Background Checks, and other business reputation related risk mitigation consulting.
Alea is headquartered in New Delhi, and is India’s first ISO 9001:2015 company certified by U.K. BSI for Quality Management in Risk Mitigation Consulting. Alea is ISO/IEC 27001:2013 and VAPT certified. Corporate headquarters are in Connaught Place, New Delhi. Alea has representation in Mumbai, Gurugram, Hong Kong, Japan and Dubai, UAE.
Alea has in-house investigative and subscriber database research capabilities for over 50 countries, and a unique network of trusted associates at international locations.
For 18 years, Alea has provided global organizations, banks and financial services entities specialized discreet and confidential consulting services. The founders have 33 and 22 years of experience respectively.
For each target name Alea conducts a comprehensive due diligence process to include regulatory, compliance, enforcement, litigation, PEP, terrorist lists, international sanctions and domestic blacklist checks, along with historical and adverse media reviews (in local language where needed).
Alea Consulting performs comprehensive corporate research augmented with unique and reliable discreet inquiries, respecting all regulations, laws and data privacy acts at all times.
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 6,000 people across four 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’s 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.
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.
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).
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 250 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.
EmergeVest
http://www.emergevest.com/Formed in 2013, we are a global investment firm with US$500m+ of AuM that seeks to build great businesses, provide innovative capital solutions and generate value for all stakeholders.
We think without limitation. We are operator-led capital allocators. We are personally invested in the success of everything we do. We provide ambitious management teams and founders with access to global institutional capital and expertise through a personal relationship with our team. We provide investors with access to attractive and differentiated value creation.
We are passionate about the secure movement of goods, data and funds across the globe. We invest across the capital structure at the intersection of supply chain, technology and financial services where we have proven domain knowledge and/or operational expertise. We have completed US$2bn+ of transactions globally across 10+ transactions. We are active in growth buyouts, public-ready companies, capital solutions and early-stage venture investments. In every deal executed we have enjoyed a clear proprietary advantage and demonstrated significant value-add from an operational perspective.
For more info, please contact Sam Clothier at samclothier@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.
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 private investment firms specializing in making equity investments in the financial services, technology, healthcare, consumer and business services industries. We reward shareholders of outstanding companies with liquidity and partner with ambitious management teams of high-growth, middle market companies that strive to shape their industries. Since we are specialists in our sectors of focus we are a value added investor with a deep set of industry and capital markets relationships. We partner with both management and co-investors in every investment we make and work collaboratively to build long-term, sustainable value.
We are highly innovative in structuring single company and portfolio purchases to ensure a full solution and set aside capital to support ambitious companies in their future growth plans. We manage over $600 million in assets for leading global limited partners.
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.
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.
SUPPORTING ORGANISATIONS
Alternative Investment Management Association
https://www.aima.org/The Alternative Investment Management Association (AIMA) is the global representative of the alternative investment industry, with around 2,000 corporate members in over 60 countries. AIMA’s fund manager members collectively manage more than $2 trillion in hedge fund and private credit assets.
AIMA draws upon the expertise and diversity of its membership to provide leadership in industry initiatives such as advocacy, policy and regulatory engagement, educational programmes and sound practice guides. AIMA works to raise media and public awareness of the value of the industry.
AIMA set up the Alternative Credit Council (ACC) to help firms focused in the private credit and direct lending space. The ACC currently represents over 170 members that manage $400 billion of private credit assets globally.
AIMA is committed to developing skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the first and only specialised educational standard for alternative investment specialists. AIMA is governed by its Council (Board of Directors).
Alternative Credit Council
https://acc.aima.org/The Alternative Credit Council (ACC) is a global body that represents asset management firms in the private credit and direct lending space. It currently represents 170 members that manage over $400bn of private credit assets.
The ACC is an affiliate of AIMA and is governed by its own board which ultimately reports to the AIMA Council.
ACC members provide an important source of funding to the economy. They provide finance to mid-market corporates, SMEs, commercial and residential real estate developments, infrastructure as well the trade and receivables business.
The ACC’s core objectives are to provide guidance on policy and regulatory matters, support wider advocacy and educational efforts and generate industry research with the view to strengthening the sector's sustainability and wider economic and financial benefits.
Alternative credit, private debt or direct lending funds have grown substantially in recent years and are becoming a key segment of the asset management industry. The ACC seeks to explain the value of private credit by highlighting the sector's wider economic and financial stability benefits.
The Central and Eastern European Chamber of Commerce in Vietnam (CEECVN)
http://www.ceecvn.orgThe Central and Eastern European Chamber of Commerce in Vietnam (CEEC), an independent non-profit organisation, was established with the purpose of promoting the cooperation between companies and business professionals from 15 Central and Eastern European countries and Vietnam. The CEEC goals are: provide services to existing members, support their business activities with consulting, networking, referrals; support the CEE related business community in Vietnam; support CEE-backed companies to invest, start operation in Vietnam and represent the interest of the CEE-related business community in Vietnam in the forums of EuroCham, EU Delegation, diplomatic bodies, Government of Vietnam and European Union.
ILPA
https://ilpa.orgThe Institutional Limited Partners Association (ILPA) is the leading global, member-driven organization dedicated to advancing the interests of private equity limited partners through industry-leading education programs, independent research, best practices, networking opportunities and global collaborations. Initially founded as an informal networking group, the ILPA is a voluntary association funded by its members. ILPA membership has grown to include almost 400 organizations from around the world representing almost 50% of global institutional assets under management in private equity.
INSEAD’s Private Equity Centre
http://www.insead.edu/gpeiThe Global Private Equity Initiative (GPEI) drives teaching , research and events in the field of Private Equity and related alternative investments at INSEAD, a world leading business school. It was launched in 2009 to combine rigour and reach to the school's research capabilities and the talents of global professionals in the private equity industry. The GPEI aims to enhance the productivity of the capital deployed in this asset class and to facilitate the exchange of ideas and best practices.
SICC
Founded in Singapore in 1837, SICC’s purpose was and still is to help businesses and Singapore succeed. Its diverse members form an inclusive, silo-free, ecosystem with an edge where members connect, collaborate, engage, learn, share and succeed. 50% of Chamber members are Singaporean owned businesses and 50% foreign owned. Half are large organizations including multinationals and half are medium, small and start-up companies from all sectors of the economy.
The SICC ecosystem champions anti-ageism in the workforce and in society for commercial and societal success. SICC also champions positive workplace culture where employers and employees co-create and sustain workplaces where foreign and local talent are integrated, developed and enabled to excel to achieve personal and commercial success.
SICC’s annual business awards celebrate collaborative innovation because that is often the fastest way to innovate and succeed. Last, but not least, SICC advocates the transitioning of businesses and society to circular models of production and consumption to achieve true sustainability for our planet and species in a circular economy.
SVCA
http://www.svca.org.sgThe Singapore Venture Capital & Private Equity Association (SVCA) was formed in 1992 under the patronage of the Economic Development Board to promote the development of the venture capital (VC) and private equity (PE) industry. From a humble start of two, our membership now exceeds one hundred and continues to grow in tandem with the industry's development.
To foster greater understanding of the importance of venture capital and private equity to the Singapore economy in support of entrepreneurship and innovation and to look after the interests of our members, promote professional development, raise professional standards as well as facilitate collaboration among members.
As a not-for-profit organisation, the association strives to:
- Promote the professional development of the industry through awards, training, workshops and conference
- Facilitate interaction and collaboration among its members through regular networking events
- Act as a platform for dialogue on regulatory and policy issues pertaining to VC and PE through data research, feedback and consultation with members and regulatory authorities
- Build linkages to centres of VC and PE activities in the region through active participation at regional and global VC & PE Initiatives
MEDIA PARTNER
Asia Business Law Journal
https://law.asia/Vantage Asia produces Law.asia, a leading online resource for in-house counsel and lawyers in private practice. It also publishes three market-leading magazines, Asia Business Law Journal, China Business Law Journal and India Business Law Journal, which provide in-depth analyses of legal and regulatory challenges facing domestic and international businesses around the region. enquiries@law.asia
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