14
Nov
The role of LPs in building an inclusive private markets ecosystem
On a global level, LPs have taken steps to increase pressure on their GPs to take DEI seriously by asking tougher questions, encouraging the adoption of diversity initiatives, and placing more emphasis on capital allocations towards DEI. However, the bulk of the discussion and changes come from overseas LPs, whilst regional LPs are more focused towards ESG as a whole but neglect the “S” aspect of the equation. As a major influence of GP behavior in the industry, there is more that needs to be done. Our panel of global and regional LPs will discuss and debate best practices to enhance DEI in Asia and beyond.
- How can LPs push for more diverse investment partners and executive teams within portfolio companies?
- What needs to be done for regional LPs to take DEI as seriously as their global peers?
- Have LP conversations seen a gradual shift to encompass diversity beyond gender equality?
- Walking the walk - what have LPs been doing internally within their organisations to promote DEI?
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SpeakersFrankie Fang Founding Managing Partner STARQUEST CAPITAL
Laurien FIeld Global Gender Lead, Disruptive Technologies and Funds IFC
Kerrine Koh Head of Southeast Asia HAMILTON LANE
Lily Jin Founder HerValuePrachi Maheshwari Deputy Director - Impact Investing INVESTING IN WOMEN
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Mr. Fang is the founding managing partner of Starquest Capital, a China based private equity and fund of funds firm with investment strategy focused on consumer, healthcare and technology sector. Mr. Fang oversees the FoF investment, ESG integration, business development and various activities. Starquest Capital is the first Asian recipient of the UNPRI Awards 2019 Emerging Markets Initiative of the Year.
Prior to founding Starquest Capital in 2018, Mr. Fang served as the Head of LGT Capital Partners in China for 12 years. Before joining LGT Capital Partners in early 2007, Mr. Fang worked for AXA Private Equity Group in Singapore focusing on fund of funds and direct investment in Pan-Asia region. Mr. Fang has a total of 20 years' experience in the finance industry.
Mr. Fang has invested over USD 1.5 billion in Chinese private equity market, including long-established GPs such as CDH Investments, CITIC Capital, Sequoia Capital and Legend Capital, as well as VC 2.0 GPs such as Primavera Capital, Source Code Capital and Gaorong Capital. Mr. Fang is the member of Advisory Committees for over 20 funds in China and a member of the China Insurance Regulatory Commission Expert Committee. He is also invited to be expert judge of Forbes China 2020 "30 Under 30" List.
Mr. Fang holds a Bachelor degree in Accounting from Shanghai Jiao Tong University, MBA from INSEAD Business School and EMBA from People’s Bank of China School of Finance of Tsinghua University. Mr. Fang also holds the Chinese certified public accountant qualification. He is the member of Future Forum Youth Council. His native language is Mandarin. He is also fluent in English, French, Cantonese and can use conversational German and Japanese.
Laurien leads IFC’s efforts to advance gender equality within the Disruptive Technologies and Funds group, which invests directly in disruptive technology companies as well as investing as a LP in PE and VC funds. She is an experienced investor in these asset classes across emerging markets.
Kerrine is a Managing Director in Hamilton Lane’s Client Solutions Group, where she heads the firm’s Southeast Asia office. She is primarily responsible for business development, as well as coverage of client relationships in Southeast Asia.
Prior to this, Kerrine was the Head of Alternatives Distribution for Southeast Asia at BlackRock, where she was responsible for distribution strategy and client engagements on BlackRock’s alternative investment product suite, across client segments. Previously, she was the head of Institutional Client Business for Southeast Asia. Kerrine first joined BlackRock in 2010 as a member of the iShares Global Client Group, where she was responsible for ETF distribution.
Before joining BlackRock, Kerrine was responsible for business and product development for Alternative Investments at UOB Asset Management and held credit analysis and strategic investment roles within United Overseas Bank.
Kerrine received a MSc degree in Applied Finance from Singapore Management University and a BA degree, with first class honours, in Economics from the National University of Singapore. Kerrine is also a CFA and CAIA charter holder.
Lily is the founder of HerValue, the largest, only women empowerment organization for finance and investment in China. Under her leadership, HerValue will debut the first diversity & sustainability conference in China for finance and investment on International Women’s Day March 8th in 2023. HerValue and AVCJ are also partners to each organization’s diversity conferences. She was recognized as a woman community leader for her work on HerValue in the "Women community leader and Their Impact as Global Changemakers" textbook by IGI Global, a leading international academic publisher.
She authored the first of its kind investment research report on healthcare investments in Asia and organized the inaugural forum as the thought leader in this space. This thesis underwrites businesses, asset managers that serve 60% of world's population's healthcare needs, which will make up more than 40% of global healthcare growth. The thesis also drives accessible, equitable healthcare and health literacy for the public. Key markets are Japan, China, India, Indonesia, Philippines, and Bangladesh.
Lily does investments across South Asia, Southeast Asia at a multilateral development finance institution, an organization that advances development by backing companies and asset managers in member nations. Prior, she was an international investment banker in New York City serving the infrastructure, transportation sector.
Prachi Maheshwari, Deputy Director - Impact Investing
Prachi is the Deputy Director for Impact Investing at Investing in Women, an initiative of the Australian government in the South East Asia region. Prior to joining Investing in Women, she led the Gender Lens Investing practice at Intellecap, an Aavishkaar Group company headquartered in India. Prachi has over 15 years of experience in private sector development, blended finance, and impact investing – across Asia Pacific and East Africa.
Before joining international development, Prachi had worked with leading multinational companies – Nokia and Tata Consultancy Services – in various strategy and operations roles. She has a degree in Mechanical Engineering from India and an MBA from the Philippines.