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double_arrow AVCJ Private Equity & Venture Forum Southeast Asia 2023

Day 2

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scheduleApril 27th, 2023, 09.00 SGT
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  • Agenda keyboard_arrow_down
    09.00 - 09.45
    SGT

    Secondaries: The new driver for liquidity?

    Secondary investors are more encouraged by an increasing openness to secondaries in Asia. LPs are keen to generate liquidity given market uncertainty, while GPs who previously declined to take part because they had IPOs in the pipeline are now revising their expectations. As investors expect longer holding periods, our panel explores the way forward on the path to liquidity. 

    • How can secondaries be a tool for liquidity?
    • Are we seeing a meaningful change in valuations?
    • What and where are the best opportunities?
    • What level of appetite is there for single-asset continuation funds?
    Eric Marchand
    Eric Marchand Managing Partner, COLLYER CAPITAL
    Kumber Husain
    Kumber Husain Managing Director, AUDAX STRATEGIC CAPITAL
    Amit Gupta
    Amit Gupta Partner, TPG NEWQUEST
    Dominic Goh
    Dominic Goh Managing Director, HARBOURVEST PARTNERS
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    
    09.45 - 10.40
    SGT

    Energy transition and decarbonization opportunities

    Decarbonisation and the road to net zero opportunity set has been compared to the technology wave as private market investors, corporates, and governments look to collaborate and unlock the enormous potential of the green economy. However, although it comes at a significant cost and there is still plenty of work to be done, technology, innovation, and collaboration can play a big part in accelerating the transition. Our panel of experts discuss how to unlock the opportunities provided by the energy transition shift. 

    • What are the opportunities for green investment and how can one accelerate the net zero transition?
    • What are the challenges holding back investment in the green economy?
    • What role does innovation and technology play in accelerating the transition?
    • How can private equity firms access sustainability-linked financing?
    Brent Burnett
    Brent Burnett Managing Director, Head of Real Assets, HAMILTON LANE
    Bob Shueh
    Bob Shueh Chief Operating Officer & Chief Financial Officer, BROOKFIELD RENEWABLE ASIA
    Valerie Chua
    Valerie Chua Assistant Vice President, New Ventures, SINGAPORE ECONOMIC DEVELOPMENT BOARD
    Stefano Ghezzi
    Stefano Ghezzi Director, Infrastructure & Natural Resources Asia Pacific, ONTARIO TEACHERS' PENSION PLAN
    Sharad  Somani
    Sharad Somani Partner & Head of Infrastructure Advisory, ASPAC Head for Infrastructure Sector, KPMG
    Tanu Pandey
    Tanu Pandey Senior Reporter, INFRALOGIC
     
    10.40 - 11.00
    SGT

    Networking Coffee Break

    Sponsored by

    Intralinks

    Intralinks

    https://www.intralinks.com

    Intralinks, 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.  

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    11.00 - 11.45
    SGT

    Technology and digital: Finding the next set of opportunities

    Notwithstanding the more cautious approach by investors amid the deteriorating macroeconomic landscape, Southeast Asia’s digital economy remains strong in terms of its growth trajectory. From e-commerce to digital banks and climate solutions, technology continues to fuel business growth and provide opportunities for private market investors. Our panel of leading investors consider the best ways to harness the new economy and the services and investments that will stand the test of time.

    • What new sectors are emerging? 
    • Has funding continued to flow into the ecosystem? What is the source of funding?
    • What are the most viable exit routes for businesses?
    • Are we seeing a stronger focus on financial and risk controls among businesses in the region?
    Joan Yao
    Joan Yao Vice President, Investments, KICKSTART VENTURES
    Jinjian Zhang
    Jinjian Zhang Founding Partner, VITALBRIDGE
    Ruchira Shukla
    Ruchira Shukla Regional Lead, South Asia, Disruptive Technologies Direct Investing and VC Funds, INTERNATIONAL FINANCE CORPORATION
    Rebekah Woo
    Rebekah Woo CEO & CIO, Pioneer Generation Group of Companies
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    
    11.45 - 12.30
    SGT

    Examining LP views on the region: Past, present, and future

    With institutional investors becoming more selective on allocations and new commitments amid worsening market conditions, it is understandable LPs might be wary of less established markets like Southeast Asia. There is recognition that the region has significant potential, however GPs can benefit from better track records, transparency, and internal processes to demonstrate the maturity of the market. LPs who have been long in this market, share their views on the evolution and what the future holds for this promising but complex market.

    • Investment considerations – what are the prime concerns for LPs in the region?
    • LP-GP relationship - is more transparency needed?
    • Alternative assets - private debt still in vogue? 
    • ESG – what are LPs’ expectations?
    • Liquidity – secondaries and local exchanges?
    Sam Robinson
    Sam Robinson Managing Partner, NORTH-EAST PRIVATE EQUITY ASIA
    Aradhna Gupta
    Aradhna Gupta Principal, REGAL FORD ASIA
    Jonathan Goh
    Jonathan Goh Principal-Primary Investments, ADAMS STREET PARTNERS
    Saima Rehman
    Saima Rehman Senior Investment Officer, PE Funds, East Asia & Pacific, IFC
    Kif Ho
    Kif Ho Associate Director, SINGAPORE MANAGEMENT UNIVERSITY ENDOWMENT
    Sean Murphy
    Sean Murphy Partner, COOLEY LLP
     
    12.30 - 13.30
    SGT

    Networking lunch and close of conference

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Eric Marchand Managing Partner COLLYER CAPITAL



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Kumber Husain Managing Director AUDAX STRATEGIC CAPITAL

Kumber is a Managing Director for Audax Strategic Capital, focused on providing various capital solutions to private equity general partners. Prior to joining Audax in 2022, Kumber was a Managing Director, Head of Americas, for DWS Private Equity and previously worked at Morgan Stanley Alternative Investment Partners, WP Global Partners, and Swiss Re. Kumber’s experience spans private equity secondaries, co-investments and fund commitments, with the majority of investments being made into concentrated and customized secondary transactions. Kumber received a BA from George Washington University and a MSc from the London School of Economics.

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Amit Gupta Partner TPG NEWQUEST

Amit Gupta is a founding Partner of TPG NewQuest based in Singapore and oversees the India and Southeast Asia businesses. Amit has more than 20 years of industry experience. 

Prior to co-founding TPG NewQuest, he was a Director at Bank of America Merrill Lynch’s (BAML) Asia Private Equity group where he led the India business and oversaw investments in the energy and financial services sectors across the Asia Pacific region. Amit has also served in other roles in BAML, including Corporate Principal Investments based in Hong Kong and Investment Banking based in Mumbai. 

Prior to working at BAML, Amit was a software engineer based in Mumbai and the United States. Amit has an MBA from Indian Institute of Management (IIM), Bangalore, where he was placed on the Director’s Merit List for his performance, and an undergraduate degree in electrical engineering from REC Kurukshetra, where he received the University gold medal. Amit is fluent in English and Hindi.

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Dominic Goh Managing Director HARBOURVEST PARTNERS

Dominic Goh joined HarbourVest in 2012 and focuses on secondary investments. This includes analyzing, structuring, and monitoring a wide range of secondary transaction types.

Dominic was previously at Coller Capital, where he evaluated secondary opportunities and contributed to deal sourcing and fundraising efforts in Asia. Prior to that, he was an investment banking associate at ABN AMRO London in the Financial Institutions Group.

Dominic received a BSc (first class honours) in Accounting & Finance from the London School of Economics and Political Science in 2005. Dominic is fluent in Mandarin.

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Brent Burnett Managing Director, Head of Real Assets HAMILTON LANE

Brent is a Managing Director and Head of Real Assets based in the firm’s Portland office, where he is an Investment Committee member and leads the firm’s investment activities across real estate, infrastructure and natural resources.

Prior to joining Hamilton Lane, Brent was a Managing Director and Principal of Real Asset Portfolio Management LLC. Brent joined Real Asset Portfolio Management LLC in 2012 to focus on energy, infrastructure, and minerals and mining, with a secondary focus on real estate investments. Brent co-led the sale of Real Asset Portfolio Management to Hamilton Lane in 2017 and continues to focus on the non-real estate sectors of real assets across primary funds, secondaries and direct equity opportunities for Hamilton Lane’s clients and managed accounts. Prior to joining RAPM, Brent worked at R.V. Kuhns & Associates. Prior to joining RVK, Brent worked in the Development and Investment group of Trammell Crow Company and as an Associate on FLAG Capital Management’s Real Assets investment funds. Brent began his career as a management consultant for the Monitor Group.

Brent graduated from Brigham Young University with a BS in Accounting and a BA in Economics.

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Bob Shueh Chief Operating Officer & Chief Financial Officer BROOKFIELD RENEWABLE ASIA

Bob Shueh is the COO and CFO for Brookfield’s Renewable Power & Transition business in Asia. He oversees the renewable power operations in the region and is responsible for the execution of financial and commercial strategies of the operating assets.

Mr Shueh joined Brookfield in 2016 as the CFO for one of Brookfield Infrastructure’s Portfolio Companies in Australia covering M&A, strategy, financing, funding and reporting. Most recently, he was the CFO of the Brookfield Renewable Business in Asia where he delivered the Terraform Global Asia asset integration into Brookfield as well as stood up the Brookfield Renewable Platform in China. Mr Shueh has over 15 years of financial, commercial, operating and investment experience across the telecommunications, manufacturing, power, shipping, infrastructure, transport & logistics sectors.

Mr Shueh holds an MBA from the Australian Graduate School of Management and is a qualified CPA.

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Valerie Chua Assistant Vice President, New Ventures SINGAPORE ECONOMIC DEVELOPMENT BOARD

Valerie is Assistant VP, Venture Capital at EDB New Ventures, the early-stage venture capital investment and corporate venture building arm of the Economic Development Board (EDB). EDB New Ventures invests across sectors, including in climate and agrifood opportunities. She leads the team’s investments into sustainability and partnerships with corporates that are building new venture spinouts in this domain. Valerie also spends her time working with portfolio companies to accelerate the growth of their ventures and provide value creation support.

Prior to this, Valerie was EDB’s Regional Director for East Americas, based out of New York City. She led engagements with American multinational corporations and high growth startups expanding into new markets in Asia. She has also overseen the technology sector, with a focus on internet and software, while at EDB’s Infocomms and Media division. She was involved in Singapore’s efforts to develop a data analytics ecosystem, through programs for talent development and research.

Valerie holds a master’s degree in Management Science and Engineering from Stanford University and bachelor’s degree in Economics from the London School of Economics.

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Stefano Ghezzi Director, Infrastructure & Natural Resources Asia Pacific ONTARIO TEACHERS' PENSION PLAN

Stefano Ghezzi joined OTPP in 2017 and is member of the Infrastructure and Natural Resources team based in Singapore covering the infrastructure and renewable sectors across Asia Pacific. During his time at OTPP Stefano has been involved in investments globally including the recent acquisitions of Caruna Networks, SGI and IDEAL, amongst others. Prior to joining Ontario Teachers', Stefano worked in the infrastructure and energy group at Citigroup and in derivatives trading at Commerzbank in London.

Stefano holds a M.Sc. in Finance from Warwick Business School and a B.Sc. in Economics from Universita' Cattolica del Sacro Cuore in Milan.

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Sharad Somani Partner & Head of Infrastructure Advisory, ASPAC Head for Infrastructure Sector KPMG

Sharad leads the Infrastructure & Project Finance practice of KPMG Corporate Finance based in Singapore.

Sharad leads the Infrastructure practice of KPMG in Singapore and has over 20 years of experience in power including renewable energy, water, waste to energy, transport, broadband and urban / industrial infrastructure  with focus on Project Finance. His skill set includes bid advisory, business planning, financial modeling, contract structuring, regulatory advisory, risk mitigation, project appraisal and fund syndication.

Sharad has been advising various government and private sector clients in the Asia Pacific, Middle East and Africa. He was previous with Enron and worked on power , transport and LNG projects in South Asia. He has worked on infrastructure projects in Singapore, Myanmar, Vietnam, Kuwait, Oman, Saudi Arabia, Nigeria, Kenya and South Africa. He has also advised clients on gas regulations and transportation issues in the SE Asian market. Sharad’s main thrust has been on privatization advisory, PPP structuring, transaction process management, contract structuring and arranging financing for Water & waste, power, and info comm projects in the region.

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Tanu Pandey Senior Reporter INFRALOGIC

Tanu is a Senior Reporter at Infralogic and responsible for the coverage of power/energy sector in Asia for the news and intelligence platform. Based in Singapore, she reports on project financing, fundraising, mergers and acquisitions and writes in-depth news  analysis on the Asian power space amid an ongoing transformation. Before joining the company in 2019, she covered the Private Equity and Sovereign Wealth Funds in Asia for three years and prior to that, she spent a decade as a financial journalist across Malaysia and India. She holds a graduate degree in Commerce & Business Studies from the University of Delhi and MA in Business Journalism. 

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Joan Yao Vice President, Investments KICKSTART VENTURES

Joan is the Vice President of Investments at Kickstart Ventures Inc., the corporate venture capital arm of Globe Telecom. Prior to Kickstart, she was Investment Manager for Southeast Asia at LGT Venture Philanthropy, a global impact investing firm headquartered in Europe. For six years, Joan was primarily responsible for the sourcing, screening, execution, and management of LGT VP’s deals in the region.In 2015, she served as a consultant to the Secretary of Trade and Industry of the Republic of the Philippines, advising on policies and programs related to MSME development, tech startups, inclusive business, and social enterprise

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Jinjian Zhang Founding Partner VITALBRIDGE

Jinjian Zhang founded Vitalbridge Capital in October 2019. Vitalbridge focuses on robotics, artificial intelligence, and technology services from the perspectives of both "demographics" and "technology innovation" to help China's digital upgrade.

Jinjian Zhang has led investments in companies such as Puxin (NY:NEW), Liulishuo (NY:LAIX), Cloopen (NY:RAAS), Dustess, Maycur Technology, Publink, LM-Dental and etc.

Jinjian Zhang graduated from the National Artificial Intelligence and Imaging Laboratory of Fudan University with a master's degree.

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Ruchira Shukla Regional Lead, South Asia, Disruptive Technologies Direct Investing and VC Funds INTERNATIONAL FINANCE CORPORATION

Ruchira Shukla is the South Asia Regional Lead for Disruptive Technology Investments at the International Finance Corporation, World Bank Group. She oversees IFC’s investments in early stage technology businesses as well as VC Funds, and represents IFC on the boards of several startups. She has over 25 years of experience across venture capital and private equity investing, strategy consulting, and investment banking across Asia, US and Europe. Her sector focus spans consumer internet, B2B eCommerce, healthcare technology, edutech, elogistics and emerging technologies.

Ruchira studied at IIT Delhi and IIM Ahmedabad in India. She also graduated as Palmer Scholar from The Wharton School, University of Pennsylvania and is a Chartered Financial Analyst.

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Sam Robinson Managing Partner NORTH-EAST PRIVATE EQUITY ASIA

Sam Robinson is Managing Partner of North-East Private Equity Asia, which focuses on Asia private equity funds. Mr. Robinson is based in Singapore and has worked in private equity since 1998, initially joining Schroder Ventures in the UK. In 2001, he was one of the founder members of SVG Advisers, a fund of funds business, where he managed the global investment team. SVG Advisers was acquired by Aberdeen Asset Management in 2013, whereupon Mr. Robinson became Head of Asia Private Equity Fund Investment until his departure in 2015.

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Aradhna Gupta Principal REGAL FORD ASIA

Aradhna Dayal runs her family office Regal Ford Asia, based in Hong Kong,  with investments in real estate, tech and alternative investment funds. As the fourth-generation family member of a large landowning family in India,  Aradhna is amongst the first female family office CIOs in Greater China.

The family office combines Impact with returns and has been a pioneer in Asian Hedge Funds, PE and VC funds investing as far back as late 1990s. Aradhna Dayal is also the founder of Access Alts Asia, a Hong Kong-based  investment club that aims to bring global families and business leaders to invest in alternative assets across borders.

Aradhna is also passionate about philanthropy and building an inclusive society amidst the current global social upheaval. Along with her children, she runs Move4Migrants to empower the ethnic minority and migrant communities of Hong Kong.  Aradhna also advocates for Women in Boardrooms and education for all. In 2020, she was  invited by The Milken Institute to lead a discussion on Asia and Future Women Leaders. In  2021, she received the prestigious AmCham Woman of Influence award.

Aradhna has read Global Strategic Business at Harvard Business School. She is an avid hiker and proud mother of two feisty, independent-minded teenagers, enjoying her free time sparring with them.

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Jonathan Goh Principal-Primary Investments ADAMS STREET PARTNERS

Jonathan supports the Primary Investment Team in all aspects of the investment decision-making process, including business due diligence, industry review, document negotiation, and portfolio management.

Prior to joining Adams Street, he worked at PricewaterhouseCoopers LLP as an Associate within the M&A Advisory Group. He was part of the Deals Advisory Cross Experience (ACE) program which seeks to provide broad-based learning and holistic exposure to the entire deal spectrum.

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Saima Rehman Senior Investment Officer, PE Funds, East Asia & Pacific IFC

Saima Rehman is responsible for leading investments in private equity and venture capital funds, and managing portfolio in the East Asia Pacific region. Before joining the Funds group, her experience covered principal investments, syndications and structured finance covering South Asia with IFC and prior to that with IDLC Bangladesh. She has an MBA from INSEAD.


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Kif Ho Associate Director SINGAPORE MANAGEMENT UNIVERSITY ENDOWMENT

Kif Ho has over 15 years of investing experience over multiple asset classes, and is passionate about venture capital, hedge funds and long-term multi-asset investing. He is a quantitative asset allocation expert who has studied extensively on competing asset allocation frameworks (Traditional stock/bond, Endowment, Risk Parity & Alternative Risk Premia) and develops industry-leading ex-ante risk tools, asset-liability framework, strategic asset allocation framework for managing multi-asset portfolio including iliquids & private investments. He strives to incorporate the latest quantitative techniques to improve overall asset allocation decisions, risk premium extraction and risk-adjusted outcomes to create the most modern & sophisticated endowment model in Asia.

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Sean Murphy Partner COOLEY LLP

Sean Murphy is a fund formation partner in Cooley’s Singapore office. Sean’s practice focuses on the formation and operation of private funds across venture capital, growth equity, buy-out, special situations, real estate and infrastructure strategies. First resident in Singapore in 2004, he has advised fund sponsors and investors for more than a decade from offices in Singapore, Hong Kong and New York. Sean also regularly advises clients on co-investments, managed accounts, feeder funds for HNWIs, carried interest plans, strategic partnerships and US securities and investment advisory laws.

Sean has a JD from the George Washington University Law School with honors, and a BS from University of Pennsylvania.

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