day 1 | tuesday, 12 may 2015 · 2018-02-15 · 6 unl wer a s gl a 2015 fi˛˝˙ˆˇ˘ ˇ ˇ ˇ...

8
12-13 MAY 2015 | RITZ-CARLTON | WASHINGTON, DC 5 DAY 1 | TUESDAY, 12 MAY 2015 7:00-8:30 Registration and Breakfast 7:15-8:30 The Brazil Breakfast, hosted by ABVCAP An invitation-only networking event for limited partners and special guests Plaza Ballroom 8:25-8:30 Opening Remarks & Welcome Maria C. Kozloski, Global Head and Chief Investment Officer, Private Equity Funds, International Finance Corporation (IFC) Ritz-Carlton Ballroom 8:30-9:00 Keynote Presentation: Rules of the Road - How to Spot the Rise and Fall of Nations Ruchir Sharma, Head of Emerging Markets and Global Macro, Morgan Stanley Investment Management, Author of Breakout Nations Ritz-Carlton Ballroom 9:00-9:50 Where are the Next Opportunities to Unlock the Power of Private Equity in Emerging Markets? n How have global macroeconomic and geopolitical trends affected the environment for private equity in emerging markets? Where are trends working in favor of private equity, and where are global forces holding the industry back? n In many emerging economies, strong growth opportunities can be hampered by barriers to accessing resources and information, either through lack of infrastructure or through restrictive policies. How do successful fund managers approach these challenges to unlock the underlying opportunity set? n Market driven returns are paramount to investors across all asset classes, but is there an increased focus on measurable social impact? How can private equity players effectively communicate the impact of the asset class on the business ecosystem in emerging markets? n Do you see more or less opportunities for private equity in emerging markets now or five years ago? Where do you plan to focus? What concerns you? Wesley Clark, Founder, Wesley K. Clark & Associates Renosi Mokate, Chairperson of the Board of Trustees and Chairperson of the Investment Committee, Government Employees Pension Fund (GEPF) Robert Petty, Managing Partner and Co-Founder, Clearwater Capital Partners Eytan Stibbe, Founding Partner, Vital Capital Moderator: Antoine van Agtmael, Senior Advisor, Garten Rothkopf Ritz-Carlton Ballroom 9:50-10:50 The Asset Allocation Game Weighing Emerging vs. Developed Markets & Private Equity vs. Other Asset Classes n Where are the returns going to come from? Frontier, BRICS, US, Europe? n What has changed in the last year? And, what’s going to change now? n How does the renewed focus on security worldwide affect the picture? n What is the relationship between AUM and returns? Does it matter by asset class? n Thinking beyond the asset allocation game, and considering the role of partners. Teresa Barger, Managing Director, Cartica Capital Management Benjamin Fanger, Co-Founder and Managing Director, Shoreline Capital Jeffrey Leonard, President and Chief Executive Officer, Global Environment Fund (GEF) Alwyn Wessels, Chief Investment Officer, Harith General Partners Nabil Triki, Managing Director, Head of Private Equity, Swicorp Moderator: Prakash Mehta, Partner, Co-Head Investment Management Practices, Akin Gump Strauss Hauer & Feld LLP Ritz-Carlton Ballroom 10:50-11:10 Networking and Refreshments Break Sponsored by

Upload: others

Post on 22-Jun-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: DAY 1 | TUESDAY, 12 MAY 2015 · 2018-02-15 · 6 UNL WER A S GL A 2015 fi˛˝˙ˆˇ˘ ˇ ˇ ˇ ˛˛˚ fi DAY 1 cont. | TUESDAY, 12 MAY 2015 BREAKOUT SESSIONS 11:00-11:45 Sub-Saharan

12-13 MAY 2015 | RITZ-CARLTON | WASHINGTON, DC 5

DAY 1 | TUESDAY, 12 MAY 2015

7:00-8:30 Registration and Breakfast

7:15-8:30The Brazil Breakfast, hosted by ABVCAPAn invitation-only networking event for limited partners and special guests

Plaza Ballroom

8:25-8:30Opening Remarks & WelcomeMaria C. Kozloski, Global Head and Chief Investment Officer, Private Equity Funds, International Finance Corporation (IFC)

Ritz-Carlton Ballroom

8:30-9:00Keynote Presentation: Rules of the Road - How to Spot the Rise and Fall of NationsRuchir Sharma, Head of Emerging Markets and Global Macro, Morgan Stanley Investment Management, Author of Breakout Nations

Ritz-Carlton Ballroom

9:00-9:50

Where are the Next Opportunities to Unlock the Power of Private Equity in Emerging Markets?n How have global macroeconomic and geopolitical trends affected the environment for private equity in emerging

markets? Where are trends working in favor of private equity, and where are global forces holding the industry back?n In many emerging economies, strong growth opportunities can be hampered by barriers to accessing resources and

information, either through lack of infrastructure or through restrictive policies. How do successful fund managers approach these challenges to unlock the underlying opportunity set?

n Market driven returns are paramount to investors across all asset classes, but is there an increased focus on measurable social impact? How can private equity players effectively communicate the impact of the asset class on the business ecosystem in emerging markets?

n Do you see more or less opportunities for private equity in emerging markets now or five years ago? Where do you plan to focus? What concerns you?

Wesley Clark, Founder, Wesley K. Clark & Associates �Renosi Mokate, Chairperson of the Board of Trustees and Chairperson of the Investment Committee,

Government Employees Pension Fund (GEPF) Robert Petty, Managing Partner and Co-Founder, Clearwater Capital Partners Eytan Stibbe, Founding Partner, Vital Capital

Moderator: Antoine van Agtmael, Senior Advisor, Garten Rothkopf

Ritz-Carlton Ballroom

9:50-10:50

The Asset Allocation GameWeighing Emerging vs. Developed Markets & Private Equity vs. Other Asset Classes

n Where are the returns going to come from? Frontier, BRICS, US, Europe?n What has changed in the last year? And, what’s going to change now?n How does the renewed focus on security worldwide affect the picture?n What is the relationship between AUM and returns? Does it matter by asset class?n Thinking beyond the asset allocation game, and considering the role of partners.

Teresa Barger, Managing Director, Cartica Capital Management Benjamin Fanger, Co-Founder and Managing Director, Shoreline Capital Jeffrey Leonard, President and Chief Executive Officer, Global Environment Fund (GEF) Alwyn Wessels, Chief Investment Officer, Harith General Partners Nabil Triki, Managing Director, Head of Private Equity, Swicorp

Moderator: Prakash Mehta, Partner, Co-Head Investment Management Practices, Akin Gump Strauss Hauer & Feld LLP

Ritz-Carlton Ballroom

10:50-11:10

Networking and Refreshments Break Sponsored by

Page 2: DAY 1 | TUESDAY, 12 MAY 2015 · 2018-02-15 · 6 UNL WER A S GL A 2015 fi˛˝˙ˆˇ˘ ˇ ˇ ˇ ˛˛˚ fi DAY 1 cont. | TUESDAY, 12 MAY 2015 BREAKOUT SESSIONS 11:00-11:45 Sub-Saharan

UNLOCKING THE POWER OF PRIVATE EQUITY IN EMERGING MARKETS6

G L O B A L P R I VAT E E Q U I T Y C O N F E R E N C E 2 0 1 5 H O S T E D B Y I F C I N A S S O C I A T I O N W I T H E M P E A

DAY 1 cont. | TUESDAY, 12 MAY 2015BREAKOUT SESSIONS

11:00-11:45

Sub-Saharan Africa - Ritz-Carlton Ballroom Southeast Asia - Plaza Ballroom

n For a market long associated with small ticket sizes, how is the recent influx of capital (over US$4 billion in 2014) affecting the region’s investment environment?

n Fund managers are increasingly adopting pan-African, rather than country-specific remits. What benefits does this approach offer and what are the drawbacks?

n Which markets in Sub-Saharan Africa do you expect to offer the most exciting investment opportunities in the next 3-5 years, and which will be the most challenging?

n DFI’s have historically played an important role in the region, but how is the LP base evolving and how do you see local LPs playing a role in the industry going forward?

Hurley Doddy, Managing Director, Founding Partner and Co-Chief Executive Officer, Emerging Capital Partners (ECP) Okechukwu Enelamah, Chief Executive Officer, African Capital Alliance Stuart MacKenzie, Chief Executive Officer, Ethos Private Equity Kevin Njiraini, Senior Investment Officer, International Finance Corporation (IFC)

Moderator: Aubrey Hruby, Visiting Fellow, Africa Center, Atlantic Council

n The region continues to rank among the most attractive emerging markets globally for investment, and LPs have higher net return expectations for Southeast Asia than for any other single region or market. How can fund managers deliver on this perceived potential?

n What are the essential elements to a successful investment strategy in Southeast Asian markets?

n 2015 is nominally the launch year for the ASEAN Economic Community (AEC). How will ASEAN integration play out in the short and medium term?

n In 2014, China experienced its slowest rate of economic growth in 25 years. What knock-on effects will rebalancing in the region’s largest market have on Southeast Asia?

Peter Cornelius, Managing Director, The Carlyle Group/ AlpInvest Partners David Do, Managing Director, VI GroupPaul Kang, Senior Partner, Head of Southeast Asia, Headland Capital Pote Videt, Managing Director, Lombard Investments

Moderator: Marsha Vande Berg, Senior Fellow, Harvard Program on International Financial Systems and Former Chief Executive Officer, Pacific Pension Institute

11:55-12:45

Exit Readiness - Examining Value Creation Throughout the Deal Lifecycle

n How important is a well-articulated value creation strategy to investors?n What are the most common value creation opportunities that managers should look for in their portfolio companies, and

at what stage in the deal lifecycle should investors be reviewing these areas?n How do successful fund managers execute value creation strategies in specific areas such as corporate governance,

management best practices and decision making processes?n How do you parlay a value creation strategy into a successful exit? What should be the end game to attract strategic

buyers or launch a successful IPO?

Thomas Franco, Partner, Clayton Dubilier & Rice, LLC Aziz Mebarek, Founding Partner, AfricInvest Group Jim Roth, Partner and Co-Founder, LeapFrog Investments Gavin Wilson, Chief Executive Officer, IFC Asset Management Company

Moderator: Jeffrey Bunder, Global Deputy Private Equity Leader, EY

Ritz-Carlton Ballroom

12:45-13:10

Keynote Interview: Insights from a University Chief Investment OfficerLawrence Kochard, Chief Executive Officer and Chief Investment Officer, University of Virginia Investment Management Company (UVIMCO)

Interviewer: Robert Van Zwieten, President and Chief Executive Officer, EMPEA

Ritz-Carlton Ballroom

13:10-14:10The India Luncheon, hosted by IVCANetworking event for LP’s and GP’s, featuring an expert panel with representatives from IVCA, Baring Private Equity Partners, ChrysCapital, ICICI Ventures, Gaja Capital, KKR and Nishith Desai Associates

Plaza Ballroom

13:10-14:40 Networking Lunch

A B

Page 3: DAY 1 | TUESDAY, 12 MAY 2015 · 2018-02-15 · 6 UNL WER A S GL A 2015 fi˛˝˙ˆˇ˘ ˇ ˇ ˇ ˛˛˚ fi DAY 1 cont. | TUESDAY, 12 MAY 2015 BREAKOUT SESSIONS 11:00-11:45 Sub-Saharan

12-13 MAY 2015 | RITZ-CARLTON | WASHINGTON, DC 7

Looking for speaker bios? Download the GPEC2015 Conference App for speaker bios, agendas, updates and more!

scan to download the app

REGIONAL BREAKOUT SESSIONS

14:40-15:25

Latin America & Mexico - Salon I & II India - Salon III CEE/CIS & Turkey - Plaza Ballroom

n For the 2nd year in a row, EMPEA’s 2015 Global LP Survey ranks Latin America ex. Brazil as the most attractive emerging market. What factors do you think have led to the region’s popularity with investors?

n The energy sector has been seen as a major area of opportunity in the region, with major reforms and deal flow in several key markets. How will the global fall in oil prices towards the end of last year affect the industry, and where do you continue to see opportunities?

n While Brazil is the largest and most dominant single market in Latin America, the Pacific Alliance is quickly gaining ground. Is it only a matter of time before the Pacific Alliance catches up?

Susana Garcia-Robles, Principal Investment Officer, Inter-American Development Bank (IADB) Luc Gerard, Founder and Chief Executive Officer, Tribeca Asset Management Eduardo Michelsen, Chief Executive Officer and Managing Director, Kandeo Private Equity Felipe Vilá González, Chief Executive Officer, Fondo de Fondos

Moderator: Ralph Keitel, Latin America and Caribbean Regional Lead, Global Private Equity Funds, International Finance Corporation (IFC)

n EMPEA’s 2015 Global LP Survey ranks India as the 4th most attractive emerging market for investment—up from 8th in the previous year. What do you think is driving this change in sentiment?

n Has the changing political climate over the past year translated into substantive improvement in India’s economic or regulatory environment?

n India’s exit environment has been a top concern for LPs. What are GPs doing to address this? What expectations do you have for the exit environment going forward?

n To what degree do you see increasing overlap between venture capital fund managers and growth investors? How do you see increasing VC activity affecting deal flow for investors involved in later stage financing?

Raamdeo Agrawal, Joint Managing Director, Motilal Oswal Financial Services Limited and Chairman, Motilal Oswal Private EquitySatish Mandhana, Managing Partner & Chief Investment Officer, IDFC Alternatives LimitedSunish Sharma, Managing Partner, Kedaara Capital Advisors LLPRamesh Venkataraman, Senior Managing Director, Private Equity, Samena Capital

Moderator: Mike Casey, Director, EMPEA

n CEE/CIS and Turkey have faced numerous and diverse challenges in recent years. How do you see private equity in this diverse landscape adapting going forward? Are there opportunities to be had despite, or as a result of, the recent difficulties?

n Despite these macro-level difficulties, fundraising in CEE and CIS reached US$2 billion in 2014. What is the source of investors’ presumed optimism? As some markets within the region have become more difficult, have other markets become more attractive?

n Due to the political and economic situation, GPs are likely to focus their efforts on existing portfolio companies. How are GPs continuing to add value? How do you see the exit climate in the region?

Anne Fossemalle, Director, Private Equity Funds, European Bank for Reconstruction and Development (EBRD) Lenna Koszarny, Founding Partner and Chief Executive Officer, Horizon CapitalRon Slimp, Managing Partner, TD International, LLCAnthony Stalker, Partner and Chief Operating Officer, ADM Capital Memet Yazici, Managing Partner, TRPE Capital

Moderator: Henry Potter, Partner, Alpha Associates

A B C

DAY 1 cont. | TUESDAY, 12 MAY 2015

Page 4: DAY 1 | TUESDAY, 12 MAY 2015 · 2018-02-15 · 6 UNL WER A S GL A 2015 fi˛˝˙ˆˇ˘ ˇ ˇ ˇ ˛˛˚ fi DAY 1 cont. | TUESDAY, 12 MAY 2015 BREAKOUT SESSIONS 11:00-11:45 Sub-Saharan

UNLOCKING THE POWER OF PRIVATE EQUITY IN EMERGING MARKETS8

G L O B A L P R I VAT E E Q U I T Y C O N F E R E N C E 2 0 1 5 H O S T E D B Y I F C I N A S S O C I A T I O N W I T H E M P E A

REGIONAL BREAKOUT SESSIONS

China - Salon I & II MENA - Salon III Brazil - Plaza Ballroom

n How will China’s economic slowdown and resulting shift in economic policies effect fund managers’ current and future investments?

n Chinese companies have seen an increase in funding that is prompting concerns about potential overvaluation. How will this trend play out, and how can fund managers make strategic investments within this over-hyped environment?

n Exits in China were fairly robust in 2014, driven by a few high-profile IPOs, and domestic stock markets also saw a dramatic increase in activity in Q1 2015. How will these trends affect managers’ exit strategies for the short and long term?

Sheng Lu, Head of Investor Relations and Communication, BVCF ChinaChauncey Shey, Managing Partner, Softbank China VC Anson Wang, Managing Partner, CMIA Capital Partners Private Limited

Moderator: Rebecca Xu, Co-Founder and Managing Director, Asia Alternatives Management, LLC

n Recent EMPEA research has found that private equity offers greater access to consumer-driven opportunities in the MENA region. How does this play out in your portfolio, and what other opportunities is private equity uniquely positioned to take advantage of in the region?

n How does the private equity environment in the Middle East differ from that in North Africa, and what are the implications of these differences for LPs looking to commit to the region?

n How has the committed fund model been applied in the Middle East, and are there alternatives that investors have become accustomed to?

n How has political unrest influenced MENA’s private equity industry? What are the key challenges to greater private equity investment in the region?

Walid Cherif, Managing Director and Head, Gulf Credit Partners Amitava Ghosal, Partner Al Masah CapitalRomen Mathieu, Co-Founder and Managing Director, The EuroMena Funds Saqib Rashid, Global Market, The Abraaj Group

Moderator: Nadiya Satyamurthy, Senior Director, EMPEA

n Currency problems, political instability, and lack of economic growth have all had an impact on Brazil in the last 18 months. How are these issues affecting fundraising and investment activity? Does the perceived climate of instability in Brazil actually open up opportunities?

n 2014 fundraising in Brazil eclipsed US$4 billion, with a handful of large, established players accounting for the bulk of capital raised. Do you foresee this trend continuing? What does this mean for the PE ecosystem in the long run?

n Exits globally have been on the rise but in Brazil continue to be challenging. Does the lack of capital markets options shape your investment strategies? How do you choose and structure your portfolio companies to best position them for when exits are difficult?

Eduardo Alcalay, Managing Director and Head of Private Equity, GP InvestimentosMaureen Downey, Principal, Pantheon VenturesChris Meyn, Partner, Gávea InvestimentosPiero Minardi, Managing Director, Warburg Pincus

Moderator: Robert Linton, International Investor Relations, ABVCAP

16:20-16:40 Networking and Refreshments Break

16:40-17:10

Fireside Chat: Innovation in Emerging EconomiesOliver Samwer, Founder and Chief Executive Officer, Rocket Internet

Interviewer: Ben Parr, Managing Partner, DominateFund and Author, Captivology: The Science of Capturing People’s Attention

Ritz-Carlton Ballroom

17:10-18:00

Ask the LPs Pose your questions to our panel of LPs to uncover valuable information about investor appetites, motivations and pain points.n Where do emerging markets fit within private market strategies today?n Which emerging markets investment themes hold the most promise, and which macro trends are most worrying?n The investor’s view on evolving terms and conditions: observations on what is “market” and negotiating tactics in

challenging timesn Reporting and transparency: how managers should respond to growing LP needs for information

Travis Angevine, Director of Private Markets, Alfred I. duPont Testamentary TrustPeter Keehn, Global Head of Private Equity, Allstate InvestmentsCraig Payne, Managing Director, BlackRock Private Equity PartnersDavid Wilton, Managing Director, Morgan Stanley Alternative Investment Partners

Moderator: Jennifer Choi, Managing Director, Industry Affairs, Institutional Limited Partners Association (ILPA)

Ritz-Carlton Ballroom

18:00 Closing Remarks

18:00-19:00 Cocktail Reception Sponsored by

A B C

DAY 1 cont. | TUESDAY, 12 MAY 2015

Page 5: DAY 1 | TUESDAY, 12 MAY 2015 · 2018-02-15 · 6 UNL WER A S GL A 2015 fi˛˝˙ˆˇ˘ ˇ ˇ ˇ ˛˛˚ fi DAY 1 cont. | TUESDAY, 12 MAY 2015 BREAKOUT SESSIONS 11:00-11:45 Sub-Saharan

12-13 MAY 2015 | RITZ-CARLTON | WASHINGTON, DC 9

7:00-8:30 Registration and Breakfast

7:15-8:30 LPs-Only Breakfast, hosted by EMPEA (By Invitation Only) - Plaza Ballroom

8:30-8:35Opening Remarks & WelcomeRobert Petty, Chairman, EMPEA

Ritz-Carlton Ballroom

8:35-9:00

Executive Interview Jin-Yong Cai, Executive Vice President and Chief Executive Officer, International Finance Corporation (IFC)

Interviewer: Henny Sender, Chief Correspondent, International Finance, Financial Times

Ritz-Carlton Ballroom

9:00-9:30

A Conversation With Alan GreenspanAlan Greenspan, Economist and Former Chairman of the Federal Reserve of the United States

Interviewer: Richard Davies, Economics Editor, The Economist

Ritz-Carlton Ballroom

9:30-9:40

Setting the Stage: Regulating a Maturing Asset Class & Examining Various Stages of Regulatory Development Simon Johnson, Ronald A. Kurtz Professor of Entrepreneurship and Professor of Global Economics and Management, MIT Sloan School of Management

Ritz-Carlton Ballroom

9:40-10:20

Regulating a Maturing Asset Class & Examining Various Stages of Regulatory Development

n What are the current regulatory trends and tools? From examination scrutiny to big data. To what extent do industry regulators talk to and learn from each other?

n What are current regulatory enforcement priorities and what should private equity participants focus on to stay out of trouble?

n What form of regulation do market participants want and why? Are different regulatory approaches leading to competition across markets?

n SEC Priorities for 2015: the changing regulatory landscape, observation of current enforcement cases and examination trends and industry recommendations.

Alison Harwood, Global Practice Manager, Capital Markets, Pensions, Insurance, and Investment Funds, Finance and Markets Practice, IFC Finance & Markets Department Simon Johnson, Ronald A. Kurtz Professor of Entrepreneurship and Professor of Global Economics and Management, MIT Sloan School of Management Igor Rozenblit, Co-head Private Funds Unit, Office of Compliance Inspections and Examinations,

US Securities and Exchange Commission

Moderator: Mark Kenderdine-Davies, General Counsel, CDC Group plc

Ritz-Carlton Ballroom

10:20-10:40 Networking and Refreshments Break

10:45-11:15

Keynote Discussion: Driving African Growth Through EntrepreneurshipAshish J. Thakkar, Founder, Mara Group and Mara Foundation and Co-Founder, Atlas Mara

Interviewer: Dan Keeler, Editor, Frontier Markets, The Wall Street Journal

Ritz-Carlton Ballroom

11:15-11:55

Keynote Discussion: The Importance of Sustainable Business Practices in Emerging Marketsn Socio-economic circumstances across global emerging markets present challenges for countries,

communities, businesses and investors. How are shifting and competing trends such as liberalization and urban growth, persistent poverty and resource constraints, coupled with the explosion of social media, shaping the landscape for global business players?

n These markets also present complex sustainability and governance challenges. How should private equity investors approach these markets and challenges to demonstrate their commitment to sustainable business practices and sound corporate governance?

n How important is the role of private companies in spurring the transition from business as usual to sustainable economic growth?

n Investor expectations are evolving, and environmental issues, sustainability and business integrity is not only a DFI concern. To what extent are mainstream investors adopting sustainability requirements, and what are the implications for private equity fund managers?

Ritu Kumar, Director of Environmental and Social Responsibility, CDC Group plcTam Nguyen, Global Head of Sustainability, BechtelMark Tercek, President and Chief Executive Officer, Nature Conservancy

Moderator: Yana Kakar, Global Managing Partner, Dalberg Global Development Advisors

Ritz-Carlton Ballroom

DAY 2 | WEDNESDAY, 13 MAY 2015

Page 6: DAY 1 | TUESDAY, 12 MAY 2015 · 2018-02-15 · 6 UNL WER A S GL A 2015 fi˛˝˙ˆˇ˘ ˇ ˇ ˇ ˛˛˚ fi DAY 1 cont. | TUESDAY, 12 MAY 2015 BREAKOUT SESSIONS 11:00-11:45 Sub-Saharan

UNLOCKING THE POWER OF PRIVATE EQUITY IN EMERGING MARKETS10

G L O B A L P R I VAT E E Q U I T Y C O N F E R E N C E 2 0 1 5 H O S T E D B Y I F C I N A S S O C I A T I O N W I T H E M P E A

BREAKOUT SESSIONS

12:00-12:45

Venture Capital - Salon IIITerms & Conditions – Defining the LP/GP Relationship - Plaza Ballroom

n What is the state of the Venture Capital industry in emerging markets? How large is the market?

n Is Venture Capital in emerging markets qualitatively different from VC in developed markets?

n What are the key trends—in terms of both opportunities and challenges—in the EM VC industry?

n What are the key risks of Venture Capital investing in emerging markets

Paul Ahlstrom, Managing Director, Alta Ventures Mexico Melissa Guzy, Founder, Arbor VenturesRobert Hutter, Managing Partner, Learn CapitalTC Meenakshisundaram, Founder & Managing Director, IDG Ventures India

Moderator: Nikunj Jinsi, Global Head of Venture Capital, International Finance Corporation (IFC)

n What will be the likely impact of increased industry regulation across the globe on terms and conditions for funds operating in emerging markets?

n What measures are LPs imposing on EM GP’s to ensure that high standards are met? How much variation is there between managers and geographies?

n Conflicts issues between LPs - are all LPs treated equally?

n Confidentiality issues - tensions between operational transparency needs and investor nondisclosure requirements

Erik Bosman, Director Private Equity, FMO - Netherlands Development Finance CompanyMounir Guen, Chief Executive Officer, MVision Private Equity AdvisersJonathan Haddon, General Counsel and Secretary, Darby Overseas Investments, LtdChristian Kallen, Principal, Hamilton LaneWen Tan, Partner, FLAG Squadron Asia Limited

Moderator: Mara Topping, Partner, White & Case

12:45-14:00 Networking Luncheon - Ritz-Carlton Ballroom

BREAKOUT SESSIONS

14:00-14:45

Impact Investing - Salon III Deal Structuring - Plaza Ballroom

n What evidence exists that Impact Investing can generate attractive financial returns as well as social and environmental benefits?

n How is Impact Investing evolving? How large is the universe of fund managers? The universe of LPs?

n Have there been many successful exits from Impact Investing yet? If yes, what? If not, why not? What are the main challenges?

n What is the role of innovation in contributing to the growth and success of Impact Investing? New technologies? New financing structures? New business models?

n Is Impact Investing becoming more mainstream yet? What trends do you expect for the next 2-3 years?

Monica Brand, Managing Director, Frontier Investments Group, Accion Gloria Nelund, Chairman and Chief Executive Officer, TriLinc Global Vineet Rai, Chief Executive Officer and Managing Driector, AaviskaarWolf Witt, Associate Director, Zurich Alternative Asset Management

Moderator: Patricia Dinneen, Senior Advisor, EMPEA

n Examining three emerging markets Private Equity case studies with a focus on due diligence and deal structuring

n Explore deal structuring to mitigate commercial and legal risks and address anti-corruption issues

n Ensure best practice corporate governancen Create a platform for a profitable exit and maximize social impact

Drew Guff, Managing Director, Russia PartnersBrenda Hansen, General Counsel, MicroVestMatthew Morrison, Director, Head of Credit Risk Management, Calvert Social Investment FoundationDennis Soliven, Principal Counsel, International Finance Corporation (IFC)

Moderator: Peter O’Driscoll, Partner, Emerging Markets, Orrick, Herrington & Sutcliffe LLP

14:50-15:30

Emerging Markets Private Equity Data Presentation

Maryam Haque, Senior Director, Research, EMPEA Aaron McKay, Managing Director, CambridgeRory Ord, Head of RisCura Fundamentals, RisCura

Moderator: Stephen Sammut, Lecturer, The Wharton School of the University of Pennsylvania

Ritz-Carlton Ballroom

15:30-15:50 Networking and Refreshments Break

A B

A B

DAY 2 cont. | WEDNESDAY, 13 MAY 2015

Page 7: DAY 1 | TUESDAY, 12 MAY 2015 · 2018-02-15 · 6 UNL WER A S GL A 2015 fi˛˝˙ˆˇ˘ ˇ ˇ ˇ ˛˛˚ fi DAY 1 cont. | TUESDAY, 12 MAY 2015 BREAKOUT SESSIONS 11:00-11:45 Sub-Saharan

12-13 MAY 2015 | RITZ-CARLTON | WASHINGTON, DC 1 1

BEST PRACTICES SEMINARS

15:50-16:35

Risk Sharing Partnerships - Salon I & II

Investing in Women - Salon III ESG - Plaza Ballroom

n How can risk sharing partnerships fit into an investor’s overall risk mitigation strategy?

n At what point should one engage a risk sharing partner?

n What types of risk sharing partnerships exist in the market, and how should investors evaluate these partnerships in terms of cost-benefit analysis?

n What are common structures for risk sharing partnerships, and what are the differences in protecting LPs, funds or specific deals?

Edith Quintrell, Director, Operations Group, Multilateral Investment Guarantee Agency (MIGA) Chris Vermont, Managing Director, GuarantCo, Frontier Markets Fund ManagersJustin Willmott, Vice President, Underwriter, Sovereign Risk Insurance

Moderator: Nelson W. Cunningham, President and Co-Founder, McLarty Associates

n The market for women-owned enterprises is huge ($300 billion in financing gap globally). How do traditional PE investors tap into this opportunity?

n How do we apply the lessons learned from the US experience of investing in women to emerging markets?

n Beyond capital, what other value-additions should investors consider when investing in women-owned enterprises?

n How will this field develop in the future? What is the next frontier in this space?

Donna Harris, Co-founder, 1776 Sylvia Ann Hewlett, Economist and Founding President, Center for Talent Innovation Sharon Vosmet, Chief Executive Officer, Astia FundModerator: Mary Ellen Iskenderian, President & Chief Executive Officer, Women’s World Banking

n Does managing E&S risks and understanding of value sustainable business really lead to better performance at the ground? Is the cost proportionate to achieved performance gains?

n Are the current E&S risk management requirements really necessary or it’s just another compliance mechanism set by “enlightened” LPs?

n Is there a smarter way to address such risks? Wouldn’t, for instance, compliance with country E&S legal framework lead to similar outcomes?

Jordan Berger, Corporate Secretary, OPTrustSean Gilbert, ESG ConsultantMorgan Landy, Director, Environment, Social and Governance Department, International Finance Corporation (IFC) Soula Proxenos, Managing Partner, International Housing Solutions (IHS)

Moderator: James Brice, Managing Director, EBS Advisory (Pty) Ltd

16:45-17:30

Co-Investments - Salon I & II Power Generation - Salon IIISME: Building an Entrepreneurial

Ecosystem - Plaza Ballroom

n What is driving the trend toward co-investments and is it a sustainable long term strategy?

n How are LPs successfully implementing co-investment strategies?

n What are the major pain points for both LPs and GPs engaging in co-investments?

n How have co-investment strategies affected LPs investment portfolios?

Rashad Kaldany, Executive Vice-President, Emerging Markets, The Caisse de Dépôt et Placement du Québec (CDPQ) Martin Kimmig, Managing Drector, The Rock Creek Group Jay Koh, Managing Director, Siguler Guff & CompanyDalein van Zyl, Principal, Metier

Moderator: Hillary Canada, Reporter, The Wall Street Journal

n What are the risks, issues and misconceptions with power sector opportunities in emerging market countries?

n Which emerging markets have been, or on track to become, attractive investment destinations based on strong, stable, and market friendly energy policy?

n What role does carbon footprint play in an investment strategy for a power focused LP or GP?

n Can renewable power play a role in EM power markets?

n What are appropriate return expectations for power investors in emerging markets?

Andrew Affleck, Managing Partner, Armstrong Asset ManagementJake Cusak, Managing Partner, CrossBoundaryJustin DeAngelis, Director, Denham Capital Paul Hanrahan, Chief Executive Officer, American Capital Energy & Infrastructure

Moderator: Brooks Preston, Head of Investment Funds Department, Overseas Private Investment Corporation Representative (OPIC)

n How can we generate more investment-ready SMEs and what are the elements of a strong entrepreneurial ecosystem?

n What is the role of specific business development interventions?

n Who will fill the talent gap at the middle and upper management levels in emerging markets?

n How can we best link finance providers with technical assistance providers?

n What investment structures are best suited for the longer term development cycle of most SMEs?

Anthony Oboh, Chief Executive Officer, Unique Venture CapitalRhett Morris, Director, Endeavor InsightRik Vyverman, Head Ventures Equity, ResponsAbility

Moderator: Randall Kempner, Executive Director, Aspen Network of Development Entrepreneurs (ANDE)

DAY 2 cont. | WEDNESDAY, 13 MAY 2015

A B C

A B C

Page 8: DAY 1 | TUESDAY, 12 MAY 2015 · 2018-02-15 · 6 UNL WER A S GL A 2015 fi˛˝˙ˆˇ˘ ˇ ˇ ˇ ˛˛˚ fi DAY 1 cont. | TUESDAY, 12 MAY 2015 BREAKOUT SESSIONS 11:00-11:45 Sub-Saharan

UNLOCKING THE POWER OF PRIVATE EQUITY IN EMERGING MARKETS12

G L O B A L P R I VAT E E Q U I T Y C O N F E R E N C E 2 0 1 5 H O S T E D B Y I F C I N A S S O C I A T I O N W I T H E M P E A

DAY 2 cont. | WEDNESDAY, 13 MAY 2015

17:35-18:00

The Perfect PitchLearn how to craft the best pitch as GP attendees present their two minute “elevator pitch” and gain on-the-spot feedback from our expert panel of judges.

Judges Panel:Heinz Blennemann, Principal, Blennemann Family InvestmentsSteve Cowan, Managing Director, 57 StarsPeter Tropper, Senior Advisor, EMPEA

Salon I & II

18:00 Closing Remarks

18:00-19:00 Cocktail Reception

MEDIA PARTNERS

SUPPORTING ORGANIZATIONS

PANTONE 356 C PANTONE 200 CPANTONE Process Black C