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Hong Kong<br />
14-16 November 2007<br />
20th Anniversary<br />
Asian Private<br />
Equity &<br />
Venture Forum<br />
Global perspective, local opportunities<br />
Asian Private Equity<br />
& Buyouts Forum<br />
Asian Private Equity:<br />
Global Force in the ‘Smart Economy’<br />
Conrad Hong Kong<br />
Asian Venture Capital<br />
& Tech Forum<br />
Tech, IT and Beyond: Venture Reaches for<br />
Scale in Asia’s High Growth Economies<br />
Island Shangri-La<br />
‐ Lead sponsors ‐<br />
Global series sponsor<br />
‐ Co-sponsors ‐<br />
‐ Legal sponsors ‐<br />
‐ Insurance sponsor ‐ ‐ Supporting organization ‐<br />
‐ Knowledge partner ‐<br />
‐ Public relations partner ‐ ‐ Media partners ‐<br />
‐ Organized by ‐<br />
An incisivemedia company
Hong Kong<br />
14-16 November 2007<br />
20th Anniversary<br />
Asian Private<br />
Equity &<br />
Venture Forum<br />
Global perspective, local opportunities<br />
Forum Program<br />
Tuesday, 13 November 2007<br />
Asian Private Equity & Venture Capital Awards 2007<br />
The China Club • Central (By Invitation Only)<br />
18:30 / Cocktail Reception<br />
19:30 / Awards Dinner<br />
‐ Sponsored by ‐<br />
Wednesday, 14 November 2007<br />
Institutional <strong>Invest</strong>ors’ Luncheon Roundtable<br />
The Hong Kong Club • Central (By Invitation Only)<br />
Welcome to the 20th<br />
Anniversary Asian Private<br />
Equity & Venture Forum<br />
The Asian Private Equity & Venture Forum is the<br />
region’s premier industry event. With over 1,000<br />
delegates, it is the world’s largest gathering of<br />
Asia-focused investors. The 20th anniversary<br />
forum presents a series of discussion themes<br />
generated in close collaboration with leading<br />
industry professionals and provides the ultimate<br />
in networking opportunities—it is the year’s<br />
“must attend” event.<br />
12:30 / Luncheon<br />
Welcome Cocktail Reception & Poolside Dinner<br />
Conrad Hong Kong • Lobby Lounge and Poolside<br />
18:00 / Cocktail Reception. Opening of the 20th Anniversary Asian<br />
Private Equity & Venture Forum. Always a little crowded—always<br />
everyone you wanted to see. Welcome to Asia—some things<br />
never change!<br />
‐ Sponsored by ‐<br />
19:30 / Dinner and networking for all attendees<br />
‐ Sponsored by ‐<br />
The World’s Largest<br />
Gathering of Asia-focused LPs<br />
Convening for 20 years in the region, the Asian Private Equity & Venture<br />
Forum has grown to become the pinnacle or centerpiece of numerous<br />
investor conferences and meetings held by Asia’s leading private equity<br />
and venture capital firms. In 2006 a record 250 PLUS institutional<br />
investors and limited partners attended the forum, making the event<br />
the world’s largest gathering of Asia-focused investors:<br />
• Abu Dhabi <strong>Invest</strong>ment Authority<br />
• Allianz Private Equity Partners<br />
• Alp<strong>Invest</strong> Partners<br />
• American Red Cross<br />
• Asia Alternatives<br />
• Axiom Asia Private Capital<br />
• Bank of China Group <strong>Invest</strong>ment<br />
• CalPERS<br />
• Chinatrust Commercial Bank<br />
• Coller Capital<br />
• CPP <strong>Invest</strong>ment Board<br />
• DEG<br />
• Duke Management Company<br />
• Employees Provident Fund<br />
• Evolvence Capital<br />
• FLAG Capital Management<br />
• GE Commercial Finance<br />
• HarbourVest<br />
• HRJ Capital<br />
• IFC<br />
• Industry Funds Management<br />
• Inter-Ikea<br />
• KASB Bank<br />
• Kuwait <strong>Invest</strong>ment Authority<br />
• LP Capital Advisors<br />
• Northwestern University Endowments<br />
• OMERS Capital Partners<br />
• Oregon State Treasury<br />
• ORIX Corporation<br />
• Osaka Gas Pension Fund<br />
• Partners Group<br />
• President International Development<br />
• Sandell Asset Management<br />
• SEDCO<br />
• Shell Asset Management<br />
• Shinsei Bank<br />
• SIG<br />
• Siguler Guff & Company<br />
• Squadron Capital<br />
• Stanford University<br />
• State Employees’ Retirement<br />
System, Commonwealth of<br />
Pennsylvania<br />
• STB <strong>Invest</strong>ment Corporation<br />
• SVG Advisers<br />
• Swiss RE Asset Management<br />
• The Duke Endowment<br />
• The Sumitomo Trust Finance<br />
• TIAA-CREF<br />
• TIF Ventures<br />
• UNC Management Company<br />
• Wilshire Private Markets Group
Asian Private Equity & Buyouts Forum<br />
Asian Private Equity: Global Force in the ‘Smart Economy’<br />
Conrad Hong Kong<br />
Thursday, 15 November 2007<br />
8:00 / Registration and Coffee<br />
8:15 / 2006/2007 - The Year in Stats<br />
AVCJ’s and IE Consulting’s crack research teams provide a<br />
statistical overview and analysis of Asian private equity (venture<br />
capital) for 2006/2007. All you need to know about where the<br />
deals are, who’s doing them and what may lie ahead.<br />
9:00 / Welcome Remarks<br />
9:10 / Keynote Address<br />
James Coulter, Founding Partner, TPG Capital, LP<br />
9:45 / Keynote Session: (Asian) Private Equity—Global<br />
Force in a ‘Smart Economy’<br />
Private equity has not only responded to the demands of<br />
today’s ‘Smart Economy,’ but addresses “a 200-year-old problem”<br />
that modern capitalism and public markets have created: the<br />
separation between owners and managers. And, with many<br />
leading funds equal in size to the world’s largest corporations,<br />
its practitioners can no longer say, “sorry, we’re not here.”<br />
Our panelists weigh the many factors that will drive—and<br />
challenge—the industry’s future growth and success.<br />
• Private equity as MNCs<br />
• ‘Private Equity’ or ‘Private Debt’?<br />
• What happens after the US$100 bn GP?<br />
• “People” factors: superior organization, due diligence,<br />
performance-linked compensation – superior DNA?<br />
10:45 / Tea / Coffee Break<br />
- Sponsored by -<br />
11:15 / Why Private Equity has Produced Superior<br />
Returns for <strong>Invest</strong>ors<br />
Buyouts have evolved dramatically since their early days<br />
30 years ago and may well thrive for years to come. But<br />
their success lies in the ability to deliver concrete results for<br />
investors—the world’s public and private pension funds and<br />
other institutional investors. Our panelists look at the strategic<br />
STREAM ONE<br />
15:30 / Leveraging the Leverage: Taking Out the<br />
Banks—At a Price<br />
As the credit markets traverse the steep slope of the liquidity<br />
crunch, investors have pulled back and syndicated loans<br />
remain parked on the banks’ balance sheets. <strong>Invest</strong>ment<br />
banks are watching fees evaporate while shoring up their<br />
own commitments and positions. Enter cash laden GPs and<br />
“be prepared” hedge funds, who stand to earn more by buying<br />
up the US$320-$400 billion in unfunded commitments—at a<br />
discount—than the carry on their own deals. Panelists provide<br />
insights into the market’s depth, who’s willing (or has) to play,<br />
and at what price.<br />
16:30 / CHIME “The China-India-Middle East” Private<br />
Equity Silk Road<br />
Elevated to “buzzword” status by one of the world’s top<br />
consulting firms, CHIMEs takes its cue from the investment links<br />
between the Gulf Co-operation Council (GCC) and East Asia that<br />
have quadrupled over the past decade. Much of that has been<br />
driven by energy demands, but real estate and financial services<br />
have been equally significant. GCC leaders have also realized<br />
that their oil reserves have a finite life, and they must develop a<br />
domestic infrastructure as well as investing overseas. Panelists<br />
explore the potential for the movement of capital, technology<br />
and talent amongst this long-established economic corridor.<br />
• Identifying GCC investment opportunities in China, India and<br />
Islamic Asia<br />
• Can private equity play a role in assisting the GCC to diversify<br />
their economies?<br />
• Fundraising trends—for both Western and Middle East GPs<br />
• Partnering with “local firms” along the CHIME private equity<br />
and venture ‘silk road’<br />
forces and operational choices that underlie the recent surge in<br />
this $1 trillion asset class.<br />
• Market factors: low interest rates, high liquidity, multiple exit strategies<br />
• Relative performance of private equity versus the public<br />
markets over the past 10 years.<br />
12:30 / Luncheon<br />
- Sponsored by -<br />
Keynote Address<br />
David Rubenstein,<br />
Co-Founder & Managing Director,<br />
The Carlyle Group<br />
14:00 / Son of Soros: Leveraged Financing Takes a Hit<br />
Out of tiny crises, mighty meltdowns grow. Asian private equity<br />
is no stranger to liquidity crunches, having transformed the<br />
1997 financial crisis into a springboard to ultimate redemption.<br />
Now, a decade later, we are seeing a fresh “correction”: as banks<br />
fight shy of unconventional loan covenants, companies no<br />
longer can command unprecedented EBITDA multiples, and<br />
Asia’s overheated bourses may be running out of steam. How<br />
lasting is the damage? Will lower multiples outweigh higher<br />
financing costs? Can the banks syndicate the $400 billion or so<br />
in deals in the buyout pipeline? Will the region’s fund managers<br />
stage an encore on the carnage? Panelists opine.<br />
15:00 / Tea / Coffee Break<br />
- Sponsored by -<br />
15:30 / Streams (see below)<br />
18:00 / Buses leave the Conrad at 6:00 pm sharp for Four<br />
Seasons Hotel<br />
18:30 / Gala Cocktail Reception<br />
- Sponsored by -<br />
Four Seasons Hotel • Central<br />
Grand Ballroom Foyer<br />
19:30 / Annual Gala Banquet Dinner<br />
Four Seasons Hotel • Central • Grand Ballroom<br />
Keynote Interview<br />
- Sponsored by -<br />
Hamilton James, President &<br />
Chief Operating Officer,<br />
Blackstone Group<br />
STREAM T wo<br />
15:30 / Growth Capital & Mid Market: Growing Well<br />
‘Under the Radar’<br />
Small- to mid-cap companies make up a significant driver of<br />
growth in emerging markets. Businesses are fast growing, and the<br />
underlying rise in earnings alone can be sufficient to create IRRs<br />
similar to buyouts. Furthermore, governments are increasingly<br />
aware of the need to encourage this segment. Veteran midmarket<br />
fund managers give their updates on the opportunities<br />
arising from regulatory change, greater acceptance by familyowned<br />
businesses, and taking enterprises global and/or public.<br />
16:30 / Hard Assets for a Developing World: PE as a<br />
Growth Engine in Infrastructure and Real Estate<br />
As the world’s infrastructure needs soar, governments are actively<br />
soliciting private sector financing and execution. Taking China’s<br />
5-year US$1.6 trillion budget for infrastructure together with<br />
India’s US$320 billion plan, Asia will soon overtake North America<br />
and Europe in infrastructure spending. An increasingly affluent<br />
middle class across the continent is fueling demand for retail and<br />
residential complexes, as well as leisure facilities, hotels and better<br />
offices. Private equity funds companies servicing the fast-growing<br />
real estate and infrastructure sectors and, in some cases, the<br />
developers themselves. Leaders in both fields discuss:<br />
• The advantages of PPP/PFI over government-funded projects<br />
• Private equity’s value add to infrastructure plays—funding,<br />
delivering returns to investors and exiting<br />
• Routes to tap the real estate and infrastructure growth stories<br />
without tying capital up for longer than the tenor of the<br />
average closed-end fund<br />
• The role of sympathetic and well-engineered developments<br />
in tackling climate change
Asian Private Equity & Buyouts Forum<br />
Asian Private Equity: Global Force in the ‘Smart Economy’<br />
Conrad Hong Kong<br />
Friday, 16 November 2007<br />
8:00 / Registration and Coffee<br />
8:30 / Economist Briefing: Today’s ‘Smart Economy’<br />
Stephen S. Roach, Chairman, Morgan Stanley Asia<br />
More than dot-com bytes vs bricks, today’s ‘SMART ECONOMY’<br />
has been shaped by forces ultimately unleashed by the Internet:<br />
competition that rewards mind over muscle, speed over size,<br />
and market intelligence over market share. Its capital markets<br />
have a life separate from the underlying economy, increasingly<br />
driven by debt and derivatives. And it’s one in which externalities,<br />
including the environment (‘global warming’), population<br />
growth, and security concerns will invariably impact investment<br />
decisions. Our economist briefing updates on the economy.<br />
9:00 / Keynote Address<br />
Stephen PagliuCa, Managing Director, Bain Capital<br />
9:30 / Keynote Session: 20 Years—Making the World<br />
Safe for Asian Private Equity and Venture<br />
In late 1987 several pioneers founded the Asian Venture Capital<br />
Journal and began “the long march” to today’s global presence.<br />
The journey has not been easy, and many challenges still<br />
remain. But its “Founding Fathers” have accomplished their task<br />
with integrity, drive, resilience and intellectual skill. Our “Hall of-<br />
Framers” offer their perspective on the past 20 years and peer<br />
into the decades ahead.<br />
10:30 / Tea / Coffee Break<br />
- Sponsored by -<br />
11:00 / Public-to-Privates: Paradise Lost?<br />
Private equity funds privatizing large public companies seemed<br />
to be a match made in heaven: GPs can put large sums to work,<br />
banks/intermediaries earn generous fees, public shareholders<br />
receive a premium for their shares, and the newly-privatized<br />
fund can unlock undervalued assets. The company then reemerges<br />
on the exchange (or in the portfolio of another fund)<br />
to the cheers of LPs, incentivized management and, of course,<br />
the GPs themselves. But, at least in Asia, the play hasn’t always<br />
followed the script, if for no other reason than others want in<br />
on the plot: governments, hedge funds and public, as well as<br />
institutional shareholders to name a few. The art form remains<br />
viable but more is required than a cookie-cutter approach.<br />
Panelists tackle the issues:<br />
• Alternative structures<br />
• Getting to control<br />
• Incentivizing new management<br />
• Dealing with hedge funds<br />
• Institutional and public shareholders<br />
• Leverage: covenant lite, CLOs, and more?<br />
12:00 / Government Policy, the Media and Private Equity<br />
In many parts of Asia (and for that matter, the world), private<br />
equity is unloved by politicians and regulators, while its first<br />
cousin, venture, remains the toast of bureaus and ministries.<br />
Private equity has now entered the world of policy and<br />
government as newspaper headlines and the recently formed<br />
“Private Equity Council” in the US suggest. Panelists discuss key<br />
trends impacting the industry, implications for fund managers<br />
and country-specific issues.<br />
13:00 / Luncheon<br />
- Sponsored by -<br />
Institutional <strong>Invest</strong>ors Discuss<br />
Their ‘Asia Strategies’<br />
Our traditional, popular and always informative concluding<br />
session. A distinguished panel of Asian and global institutions<br />
size-up the current state of the Asian private equity and venture<br />
markets for plan sponsors, family offices and other institutional<br />
investors. Beyond access-to-funds issues, our experts analyze<br />
investment into the asset class and look at best practices from<br />
around the world in terms of innovative fund structures, fees/<br />
carry and selecting a fund manager.<br />
Concluding Remarks<br />
Conference Concludes<br />
15:30 / Post Forum Workshop: <strong>Invest</strong>ing in India<br />
(See page 9 for details.)<br />
8:00 / Breakfast Roundtables<br />
Friday, 16 November 2007 • Island Shangri-La Ballroom<br />
- Hosted by -<br />
- Co-sponsored by -<br />
Early risers are invited to participate in our Breakfast Roundtable discussions, starting at 8:00 AM on Friday morning.<br />
Participants will have an opportunity for smaller, more interactive discussions with experts on the topics below*. Join us for<br />
coffee, breakfast and food for thought!<br />
• Indonesia: Private equity returns<br />
• Australia: Accessing the Superfunds<br />
• Islamic Finance: Be good, be profitable<br />
• Vietnam: Ho-ho, the market soars<br />
• Pakistan: Beyond the TV cameras<br />
• Taiwan: Chips and more<br />
• Korea: Middle market opportunities<br />
• Japan: Buyouts begin<br />
• Singapore: Hedge fund central<br />
• Hong Kong: 10 years and stronger<br />
than ever<br />
* Breakfast roundtable topics are subject to change<br />
Confirmed Roundtable Moderators (Partial List)<br />
STEFAN HEPP<br />
Chief Executive Officer<br />
SCM Strategic Capital<br />
Management AG<br />
IVAN VERCOUTERE<br />
Partner<br />
LGT Capital Partners Ltd<br />
P.V. WANG<br />
Partner<br />
Adams Street Partners
Asian Venture Capital & Tech Forum<br />
Tech, IT and Beyond: Venture Reaches for Scale in Asia’s High Growth Economies<br />
Island Shangri-La<br />
Thursday, 15 November 2007<br />
8:00 / Registration and Coffee<br />
8:15 / 2006/2007 - The Year in Stats [at the Conrad Hong Kong]<br />
AVCJ’s and IE Consulting’s crack research teams provide a<br />
statistical overview and analysis of Asian private equity (venture<br />
capital) for 2006/2007. All you need to know about where the<br />
deals are, who’s doing them, and what may lie ahead.<br />
9:00 / Welcome Remarks<br />
9:10 / Keynote Address [via video conference]<br />
9:45 / Keynote Address: Venture and Public Policy<br />
Ted Schlein, Managing Partner,<br />
Kleiner Perkins Caufield & Byers<br />
Venture has fared better than private equity with most Asian<br />
governments, reflecting New Economy imperatives and the<br />
lure of creating the next Silicon Valley. But securities laws, listing<br />
requirements and tax incentives are among the many topics on<br />
VC’s and the Keynote agenda.<br />
10:30 / Tea / Coffee Break<br />
11:00 / Keynote Session: Venture – “The New Private Equity”<br />
In Asia and elsewhere, venture is migrating away from pure tech.<br />
Fund managers are devoting their time, talent and capital to<br />
investing in retail, media, consumer and now, even alternative<br />
energy. At the same time, as venture funds grow larger, they have<br />
shied away from investing in smaller deals. Panelists explore the<br />
forces driving the future of venture capital in Asia and beyond.<br />
• The future of tech, IT and innovation?<br />
• Venture capital—now private equity for SMEs?<br />
• Venture across Asia: different models for different markets<br />
• Can Asian regional firms thrive in a changed, competitive landscape?<br />
• Will the next 30 years further transform venture into asset<br />
management—from building businesses to collecting fees?<br />
12:00 / Deal Structuring: Same Bed, Different Dreams<br />
As the distinctions between asset classes become increasingly<br />
blurred, lead GPs often find themselves structuring a deal<br />
among different asset classes (e.g. venture, hedge funds,<br />
strategic investors) with different interests, skill sets and return<br />
expectations. What’s a fund manager to do? Panelists discuss<br />
the issues and how to structure around them.<br />
• Where do hedge funds fit in venture: from Series C to Series E investors?<br />
• Rise of venture debt<br />
• Differing expectations among owners and various investors<br />
about when to take a company public<br />
13:00 / Luncheon<br />
Keynote Address [via video conference]<br />
14:00 / AMCHIND Bridge: Linking Capital, People and<br />
Technology<br />
AVCJ’s “Asia-US Venture Capital Highway” has become the New<br />
Economy’s AMCHIND bridge connecting the US, China and India.<br />
The VCs are following the entrepreneurs, and the entrepreneurs<br />
are transplanting the technology across continents and time<br />
zones. While China and India have turned in spectacular growth,<br />
American and American-trained VCs and entrepreneurs have<br />
largely provided the business models to lift these economies into<br />
orbit. Panelists survey the world’s longest span of capital, people<br />
and technology, and the role each will play in the years ahead.<br />
• ABCs, NRIs return to their roots—everyone welcome! Or not?<br />
• Is the “front end/back end” model sustainable?<br />
• Partnering with the locals<br />
• European venture: not so venturesome?<br />
• Protecting IP<br />
15:00 / Tea / Coffee Break<br />
15:30 / Venture: What’s Hot, What’s Warm<br />
Today’s venture capitalists haven’t totally bailed out of Geekdom.<br />
Though the garage start-up has morphed into incubators and<br />
science parks, the rush to develop tomorrow’s “killer apps”<br />
remains as robust as ever. Panelists discuss:<br />
• Open Source<br />
• Mobility<br />
• Life sciences/healthcare/biotech<br />
• Alternative energy/solar/cleantech<br />
• Games, SMS<br />
16:30 / Digital Media: Content and Connections<br />
Among the business plans stacked high on VC credenzas,<br />
digital media concepts may well offer the most tantalizing<br />
opportunities. As China and other Asian governments relax their<br />
control over the media and freedom of expression, reaching 6<br />
billion eyes could well represent the Xanadu (and Shangri-la) of<br />
the Internet. Web 2.0, Google ads and vertical search are only<br />
rest stops along the way as panelists go back to the future of<br />
content and ways to monetize it.<br />
• Can Asia take the lead in innovation here?<br />
• What markets are most advanced?<br />
• How is censorship impacting digital media investments and<br />
portfolio companies?<br />
• What are the strategies that will connect media with its digital<br />
reward?<br />
18:00 / Buses leave the Conrad at 6:00 pm sharp for Four<br />
Seasons Hotel<br />
18:30 / Gala Cocktail Reception<br />
Four Seasons Hotel • Central<br />
Grand Ballroom Foyer<br />
- Sponsored by -<br />
19:30 / Annual Gala Banquet Dinner<br />
Four Seasons Hotel • Central • Grand Ballroom<br />
Keynote Interview<br />
Hamilton James, President &<br />
Chief Operating Officer,<br />
Blackstone Group<br />
- Sponsored by -<br />
Friday, 16 November 2007<br />
8:00 / Registration and Coffee<br />
Breakfast Roundtables<br />
9:00 / Keynote Address<br />
9:30 / Keynote Session: 20 Years—Making the World<br />
Safe for Asian Private Equity and Venture<br />
[via video conference]<br />
10:30 / Tea / Coffee Break<br />
11:00 / Innovation in Asia: The Sun Also Rises in the Middle<br />
Kingdom and the Land of the Morning Calm<br />
While much investor attention is focused on the developing<br />
technology markets in China and India, it is Korea and Japan<br />
that are the region’s first major centers of innovation: Korea in<br />
wireless, gaming and flat panel display; and Japan in telecom<br />
and hand-held devices. Panelists survey Asia’s potential to<br />
launch the next “new, new thing”; what it might be and where<br />
it’s likely to come from.<br />
12:00 / China: Building a Better Place to do Business<br />
China’s venture capital community has been on a roll since the<br />
AsiaInfo and Sina.com IPOs in 2000. But overseas GPs frequently<br />
complain about the need to develop a core value system<br />
around a sound legal infrastructure and financial transparency.<br />
Panelists offer a report card on:<br />
• Anti-corruption—better than it was, but where should it be?<br />
• Legal system—the need for standardization<br />
• Business practices—from favoritism to who has the best idea?<br />
• Great marketplace—but will China also become a center for<br />
innovation?<br />
13:00 / Luncheon<br />
Institutional <strong>Invest</strong>ors Discuss<br />
Their ‘Asia Strategies’<br />
Concluding Remarks<br />
Conference Concludes<br />
- Sponsored by -<br />
15:30 / Post Forum Workshop: <strong>Invest</strong>ing in India<br />
(See page 9 for details.)
Keynotes<br />
Confirmed Speakers (Partial List)<br />
Global Titans<br />
Hamilton James<br />
President &<br />
Chief Operating Officer<br />
Blackstone Group<br />
David Rubenstein<br />
Co-Founder &<br />
Managing Director<br />
The Carlyle Group<br />
James Coulter<br />
Founding Partner<br />
TPG Capital, LP<br />
Stephen PagliuCa<br />
Managing Director<br />
Bain Capital<br />
Jonathan M. Nelson<br />
Founder & Chief Executive Officer<br />
Providence Equity<br />
Partners<br />
Private Equity Founding Fathers Economist Briefing<br />
Dr. Victor K. Fung<br />
Chairman<br />
Li & Fung /<br />
Prudential Asia<br />
Victor CHU<br />
Chairman<br />
First Eastern<br />
<strong>Invest</strong>ment Group<br />
Anil Thadani<br />
Chairman<br />
Symphony <strong>Invest</strong>ment<br />
Managers Limited<br />
Lewis Rutherfurd<br />
Managing Director<br />
Inter-Asia Venture<br />
Management<br />
Stephen S. Roach<br />
Chairman<br />
Morgan Stanley Asia<br />
VC Supremos<br />
Institutional <strong>Invest</strong>ors<br />
Ted Schlein<br />
Managing Partner<br />
Kleiner Perkins<br />
Caufield & Byers<br />
Lip-Bu Tan<br />
Chairman<br />
Walden<br />
International<br />
Philip Bilden<br />
Managing Director<br />
HarbourVest Partners<br />
Mark Delaney<br />
Deputy Chief Executive<br />
& CIO<br />
AustralianSuper<br />
Joncarlo R. Mark<br />
Sr. Portfolio Manager,<br />
Alternative <strong>Invest</strong>ment<br />
Management<br />
CalPERS<br />
Marcus Simpson<br />
Head of Global<br />
Private Equity<br />
QIC<br />
“<br />
What<br />
people<br />
are saying<br />
about<br />
AVCJ forums<br />
”<br />
AVCJ is the Davos of private equity.<br />
An invaluable snapshot of the latest developments in Asian private equity.<br />
- Victor Chu<br />
Chairman, First Eastern <strong>Invest</strong>ment Group<br />
- Jeremy Coller<br />
Chief Executive Officer, Coller Capital<br />
The category killer of Asian PE conferences. All the big hitters in one room creates unusual and<br />
immediate synergies.<br />
- David Patrick Eich<br />
Partner, Kirkland & Ellis LLP<br />
Conferences can be dull and clinical. AVCJ is different. The events are well-organised, no doubt, but by a team of professionals who have<br />
been there a long time; so AVCJ has a personality and a face with which one becomes familiar and comfortable . . . I genuinely look forward<br />
to the main AVCJ conference at year end.<br />
- Nicholas Bloy<br />
Founding Partner, Navis Capital Partners
Asian Private Equity & Buyouts Forum<br />
Confirmed Speakers (Partial List)<br />
Global Titans<br />
Daniel Carroll<br />
Managing Partner - Asia<br />
TPG Capital<br />
TA-LIN HSU<br />
Founder & Chairman<br />
H&Q Asia Pacific<br />
Michael Kim<br />
Partner<br />
MBK Partners<br />
Andrew Liu<br />
Ralph Parks<br />
Managing Partner & CEO, Asia Chairman - Asia<br />
CCMP Capital Asia<br />
Oaktree Capital (Hong Kong)<br />
K.Y. Tang<br />
Chairman & Managing Partner<br />
Affinity Equity Partners<br />
Stephen Trevor<br />
Managing Director &<br />
Co-Head of Private Equity<br />
Morgan Stanley<br />
X.D. Yang<br />
Managing Director and Co-<br />
Head of Carlyle Asia Partners<br />
The Carlyle Group<br />
Peter Amour<br />
Chief Executive Officer<br />
AIF Capital<br />
Harjit Bhatia<br />
Managing Partner<br />
Credit Suisse<br />
Private Equity Asia<br />
Nicholas Bloy<br />
Founding Partner<br />
Navis Capital Partners<br />
Mark Chiba<br />
Group Chairman & Partner<br />
The Longreach Group<br />
Ashish Dhawan<br />
Sr. Managing Director<br />
ChrysCapital<br />
Rickard Gardell<br />
Managing Director<br />
PEP<br />
Marleen Groen<br />
Chief Executive Officer<br />
Greenpark Capital<br />
Archana Hingorani<br />
Executive Director<br />
IL&FS <strong>Invest</strong>ment Managers<br />
Chris Hsu<br />
CEO & Managing Partner<br />
Abax Global Capital<br />
Grant Kelley<br />
Principal & CEO<br />
Colony Capital Asia Pacific<br />
Meng Ann Lim<br />
Partner<br />
Actis<br />
Jonas Lindblad<br />
Managing Director<br />
<strong>Jade</strong> <strong>Invest</strong><br />
Luis Miranda<br />
President & CEO<br />
IDFC Private Equity<br />
Robert Petty<br />
Muhannad Qubbaj<br />
Managing Partner<br />
Managing Director<br />
Clearwater Capital Partners Gulf Capital<br />
Jean Eric Salata<br />
Founder & CEO<br />
Baring Private Equity Asia<br />
John Sun<br />
Executive Director<br />
New Horizon Capital<br />
Robert Swift<br />
Chief Executive Officer<br />
MENA Infrastructure Fund<br />
Fernando Gaspar<br />
Managing Director<br />
Alvarez & Marsal<br />
Christopher A. Doug Lowenstein<br />
Laskowski<br />
President<br />
Managing Director<br />
Private Equity Council<br />
Citigroup Global Markets Asia<br />
Hussein Khalifa<br />
Partner<br />
MVision<br />
David Nott<br />
Regional Leader - Asia Pacific<br />
KPMG Private Equity Group<br />
Mark Roppell<br />
Partner<br />
Cadwalader, Wickersham &<br />
Taft LLP<br />
Andrew Whan<br />
Partner, Private Equity<br />
Clifford Chance<br />
Visit<br />
avcj.com/avfhongkong<br />
for continuous speaker and<br />
program updates
Asian Venture Capital & Tech Forum<br />
Confirmed Speakers (Partial List)<br />
Global Titans<br />
Paul Asel<br />
Managing Partner<br />
Nokia Growth Partners<br />
Kenny Bloom<br />
Chief Executive Officer<br />
Asia Vision<br />
James H. Boettcher<br />
General Partner<br />
Focus Ventures<br />
Navin Chaddha<br />
Managing Director<br />
Mayfield Fund<br />
David Chao<br />
Co-Founder &<br />
General Partner<br />
DCM<br />
Hong Chen<br />
Chairman & CEO<br />
The Hina Group<br />
Norman Chen<br />
Partner, Healthcare<br />
Fidelity Asia Ventures<br />
Charles C. Comey<br />
Managing Partner<br />
Morrison & Foerster LLP<br />
Ashish Gupta<br />
Managing Director<br />
Helion Venture Partners<br />
Melissa Guzy<br />
Perry Ha<br />
Managing Director & Grp. Leader, Founder &<br />
Semiconductor & Components Managing Director<br />
VantagePoint Venture DFJ Athena<br />
Partners<br />
Yoshito Hori<br />
Managing Partner<br />
Globis Capital Partners<br />
Brian Koo<br />
CEO &<br />
Managing Partner<br />
LG Venture <strong>Invest</strong>ment<br />
Kaiser Kuo<br />
Richard LI<br />
Group Director, Digital Executive Director<br />
Strategy<br />
Legend Capital<br />
Ogilvy & Mather Advertising<br />
Rebecca MacKinnon<br />
Assistant Professor,<br />
University of Hong Kong<br />
Former Bureau Chief,<br />
Tokyo and Beijing, CNN<br />
James Mi<br />
Director of Corporate<br />
Development, Greater China<br />
Google<br />
Claudia Fan Munce<br />
Managing Director<br />
IBM Venture Capital Group<br />
Henry B. Nguyen<br />
Managing General Partner<br />
IDG Ventures Vietnam<br />
NICHOLAS PARKER<br />
Chairman & Co-Founder<br />
Cleantech Group LLC<br />
Michael Scown<br />
Managing Director, Treasury<br />
Intel Capital<br />
Bo Shao<br />
General Partner,<br />
Matrix Partners<br />
Chairman,<br />
Novamed Pharmaceuticals<br />
Quinn Taw<br />
Executive Director<br />
China Media Exchange<br />
Ayaz ul-Haque<br />
Managing Director<br />
ePlanet Ventures<br />
Sing Wang<br />
Partner<br />
TPG Growth<br />
Sonny Wu<br />
Founder<br />
GSR Ventures<br />
Gary Rieschel<br />
Founder &<br />
Managing Director<br />
Qiming Venture<br />
Partners<br />
Neil Shen<br />
Founding Managing<br />
Partner<br />
Sequoia Capital<br />
Andrew Yan<br />
Managing Partner<br />
SAIF Partners<br />
GREG W. YE<br />
Partner<br />
NewMargin Ventures<br />
Sung Yoon<br />
Managing Partner<br />
KTB <strong>Invest</strong>ments
Post Forum Workshop: <strong>Invest</strong>ing in India<br />
Friday, 16 November 2007 at 15:30 • Conrad Ballroom<br />
- Sponsored by -<br />
India has emerged as a top investment destination for global private<br />
equity players in recent years. The country attracted a record US$7.3<br />
billion in private equity investments in 2006 and is on pace to surpass this<br />
with $5.2 billion already in the books for the first half of this year. Fundraising<br />
is also intense: More than $5 billion has been raised so far in 2007. Yet, as<br />
with the rest of the Asian continent, navigating successfully through local<br />
business customs, practices and regulations to secure positive returns can<br />
prove quite a challenge. An expert panel of India investors shares their<br />
experiences and the crucial aspects involved in investing in India. Among<br />
the topics to be discussed:<br />
• Overview of the opportunities in India<br />
• Conducting due diligence<br />
• Structuring your deals<br />
• Exit mechanisms and regulatory process<br />
• Structuring deals in the current regulatory framework<br />
Confirmed Speakers (Partial List)<br />
AKIL HIRANI<br />
Managing Partner<br />
Majmudar & Co. International Lawyers<br />
JAY V. JEGANNATHAN<br />
Managing Director<br />
Evolvence Capital<br />
Stephen Wilford<br />
Country Manager, India<br />
Control Risks<br />
* Separate registration and fee required<br />
About the Organizer<br />
The Asian Private Equity & Venture Forum 2007 is organized by AVCJ Group, a wholly owned subsidiary of<br />
Incisive Media. The leading source of information on Asian private equity, venture capital and M&A, AVCJ’s<br />
stable of publications includes Asian Venture Capital Journal, Private Equity Asia, M&A Asia and Chinese AVCJ.<br />
The global Asian Private Equity & Venture Forum convenes in Sydney, Tokyo, Dubai, Beijing, Chicago, Seoul,<br />
London, Shanghai, Hong Kong and Mumbai, attracting dealmakers on a regional basis throughout the<br />
year. Since its first gathering 20 years ago, the forum has grown to become the meeting place for Asian<br />
private equity and venture investors, fund managers, corporate executives and financial professionals.
Our sponsors<br />
Lead sponsors<br />
www.affinityequity.com<br />
Tel: +(852) 3102 8329<br />
www.tpg.com<br />
Tel: +(852) 3515 8888<br />
www.thecarlylegroup.com<br />
Tel: +1 (202) 729 5626<br />
www.kkr.com<br />
Tel: +(852) 3602 7300<br />
www.provequity.com<br />
Tel: +(852) 3653 3800<br />
www.colonyinc.com<br />
Tel: +(852) 3119 9800<br />
www.harbourvest.com<br />
Tel: +(852) 2525 2214 Tel: +(852) 3175 1737<br />
www.mbkpartnerslp.com<br />
Tel: +(82) 2 3760 8600<br />
www.globis.co.jp<br />
Tel: +(81) 3 5275 3900<br />
Global series sponsor<br />
www.citi.com<br />
Tel: +(852) 2501 2000<br />
www.credit-suisse.com<br />
Tel: +(852) 2101 6000<br />
www.kpmg.com<br />
Tel : +(852) 2522 6022<br />
Co-sponsors<br />
www.act.is<br />
Tel: +(44) 20 7234 5000<br />
www.aifcapital.com<br />
Tel: +(852) 2912 7888<br />
www.alvarezandmarsal.com<br />
Tel: +1 (212) 759 4433<br />
www.bpeasia.com<br />
Tel: +(852) 2843 9318<br />
www.ccmpasia.com<br />
Tel: +(852) 2533 1818<br />
www.chryscapital.com<br />
Tel: +(91) 11 4129 1000<br />
www.clearwatercp.com<br />
Tel: +1 (212) 201 8544<br />
www.cvc.com<br />
Tel : +(852) 3518 6360<br />
www.greenparkcapital.com<br />
Tel: +(44) 20 7647 1400<br />
www.hqap.com<br />
Tel: +1 (650) 838 8088<br />
www.ilfsindia.com<br />
Tel: +(91) 22 2653 3333<br />
www.intel.com/capital<br />
Tel : +(86) 10 8565 5666<br />
www.legendcapital.com.cn<br />
Tel : +(86) 10 6250 8000<br />
www.morganstanley.com<br />
Tel: +1 (212) 761 4000<br />
www.mourant.com/section/165/<br />
index.html<br />
Tel : +(852) 3153 1000<br />
www.naviscapital.com<br />
Tel : +(852) 2526 0238<br />
www.nhfund.com<br />
Tel : +(86) 10 8522 1230<br />
www.oaktreecap.com<br />
Tel: +(852) 3655 6800<br />
www.waldenintl.com<br />
Tel : +1 (415) 765 7100<br />
Legal sponsors<br />
Insurance sponsor<br />
www.cadwalader.com<br />
Tel: +1 (212) 504 6000<br />
www.cliffordchance.com<br />
Tel : +(852) 2825 8888<br />
www.mofo.com<br />
Tel: +(852) 2585 0888<br />
www.Aon.com<br />
Tel : +(852) 2861 6666<br />
Workshop sponsors<br />
Roundtable host<br />
www.control-risks.com<br />
Tel : +(852) 2810 9028<br />
www.evolvenceindia.com<br />
Tel : +(91) 011 4151 9292<br />
www.majmudarindia.com<br />
Tel : +(91) 22 6630 7272<br />
www.lek.com<br />
Tel : +(86) 21 6122 3900<br />
Asian Private Equity & Venture Capital Awards<br />
Roundtable co-sponsor<br />
www.bakernet.com<br />
Tel : +(852) 2846 1888<br />
www.cvc.com<br />
Tel : +(852) 3518 6360<br />
www.waldenintl.com<br />
Tel : +1 (415) 765 7100<br />
www.scmag.com<br />
Tel : +41 (0) 43 499 49 49
Hong Kong<br />
14-16 November 2007<br />
20th Anniversary<br />
Asian Private<br />
Equity &<br />
Venture Forum<br />
Global perspective, local opportunities<br />
Register now<br />
AVCJ Group Ltd.<br />
20th Floor, Tower 2, Admiralty Centre<br />
18 Harcourt Road, Admiralty, Hong Kong<br />
T: +(852) 3411 4900 F: +(852) 3411 4999<br />
E: AVCJforums@incisivemedia.com<br />
W: www.avcj.com<br />
/ Venue and Accommodation<br />
The venues for this year’s forum will be the Conrad Hong Kong, Island Shangri-La Hotel and JW Marriott Hotel. Centrally located in the<br />
financial district on Hong Kong island, the three hotels are all connected and part of the Pacific Place complex. Pacific Place is easily accessible<br />
by private car, taxi and MTR (Admiralty station).<br />
A limited number of rooms have been reserved at special rates for conference delegates. Please contact the hotels directly and identify yourself<br />
as an Asian Private Equity & Venture Forum 2007 registrant to qualify for the rates below.<br />
Conrad Hong Kong<br />
Pacific Place, 88 Queensway, Hong Kong<br />
T: +(852) 2521 3838 F: +(852) 2845 0882<br />
Contact: Ms Noel Kwong T: +(852) 2822 8916<br />
E: reservations@conrad.com.hk<br />
AVF Delegate Room Rate:<br />
Mountain View Room<br />
HK$2,400 per night<br />
Harbour View Room<br />
HK$2,650 per night<br />
Sold<br />
out<br />
Sold<br />
out<br />
Island Shangri-La Hotel<br />
Pacific Place, Supreme Court Road., Hong Kong<br />
T: +(852) 2877 3838 F: +(852) 2918 9283<br />
Contact: Ms Stephanie Cheung T: +(852) 2820 8520<br />
E: stephanie.cheung@shangri-la.com<br />
AVF Delegate Room Rate:<br />
Deluxe Peak View Room<br />
HK$2,450 per night<br />
Executive Peak View Room<br />
HK$2,750 per night<br />
Sold<br />
out<br />
Sold<br />
out<br />
JW Marriott Hotel<br />
Pacific Place, 88 Queensway, Hong Kong<br />
T: +(852) 2810 8366 F: +(852) 2845 0737<br />
Contact: Ms Monica Ng T: +(852) 2841 3806<br />
E: monica.ng@marriotthotels.com<br />
AVF Delegate Room Rate:<br />
Deluxe Mountain View Room<br />
HK$2,300 per night<br />
Sold<br />
out<br />
Smoking Room<br />
No Smoking Room<br />
Smoking Room<br />
No Smoking Room<br />
Smoking Room<br />
No Smoking Room<br />
(Above room rates valid until 23 October 2007. If the requested room type<br />
is not available, the hotel will reserve the next available category of room)<br />
(Above room rates subject to room availability. Service charge and<br />
government tax not included.)<br />
(Above room rates subject to room availability. Service charge and<br />
government tax not included.)<br />
Room Cancellation: To cancel your room reservation, please contact the hotel directly with a minimum of 14 days notification. Late cancellation or “no show” charges will be automatically<br />
posted to the individual credit card by the hotel.<br />
Please mail/fax this portion of the form directly to your preferred hotel.<br />
Please reserve a room for night/s<br />
Mr/Mrs/Ms First name Surname<br />
Company<br />
E-mail<br />
Telephone<br />
Fax<br />
Arrival Date Flight No. Time<br />
Departure Date Flight No. Time<br />
Credit Card: Visa MasterCard American Express<br />
Card No.<br />
Expiry Date<br />
Name on Card<br />
Signature
Hong Kong<br />
14-16 November 2007<br />
20th Anniversary<br />
Asian Private<br />
Equity &<br />
Venture Forum<br />
Global perspective, local opportunities<br />
Register now<br />
AVCJ Group Ltd.<br />
20th Floor, Tower 2, Admiralty Centre<br />
18 Harcourt Road, Admiralty, Hong Kong<br />
T: +(852) 3411 4900 F: +(852) 3411 4999<br />
E: AVCJforums@incisivemedia.com<br />
W: www.avcj.com<br />
/ Forum Booking Details<br />
Early Bird: (Registration received by 12 October 2007)<br />
US$1,895 / HK$14,780<br />
Standard Fee: (Registration received after 12 October 2007)<br />
US$1,995 / HK$15,560<br />
Group Rate: (Only applicable to second and additional registrants from the same office.)<br />
US$1,695 / HK$13,220<br />
Late Registration: (Registration received after 6 November 2007)<br />
US$2,195 / HK$17,120<br />
Fees include two-day conference, breakfasts and luncheons both days, two-day evening receptions, Banquet<br />
Dinner and all conference documents including delegate list. Fees do not include Post Forum Workshop.<br />
/ Post Forum Workshop:<br />
<strong>Invest</strong>ing in India<br />
Registered Forum Delegate Rate:<br />
US$395 / HK$3,080<br />
Non-registered Forum Delegate Rate:<br />
US$495 / HK$3,860<br />
/ Registration Details<br />
Please complete your details below in BLOCK CAPITALS or attach your business card.<br />
Mr/Mrs/Ms First name Surname<br />
Job title/position<br />
Company<br />
Address<br />
City Country Post/zip code<br />
Telephone<br />
Fax<br />
Email<br />
Please check 3<br />
I plan to attend the Welcome Cocktail Reception on Wednesday, 14 November at 6:00 pm (Conrad Hong Kong).<br />
I plan to attend the Welcome Poolside Dinner on Wednesday, 14 November at 7:30 pm (Conrad Hong Kong).<br />
I plan to attend the Annual Gala Cocktail & Dinner on Thursday, 15 November at 6:30 pm (Four Seasons Hotel Hong Kong).<br />
Please enter my free trial subscription to AVCJ Weekly M&A Asia Private Equity Asia<br />
Yes<br />
Yes<br />
Yes<br />
No<br />
No<br />
No<br />
/ Payment Details<br />
I enclose a cheque payable to AVCJ Group Ltd.<br />
I arrange a bank transfer to the HSBC, One Queen’s Road Central, Hong Kong: a/c# 004-502-118953-001 (SWIFT code: HSBCHK HHH KH)<br />
Any bank charges must be prepaid. Please fax a copy of the transfer slip to us at +(852) 3411 4999, or +(852) 3411 4948<br />
Please debit my credit card: (US$/HK$) Visa MasterCard American Express<br />
Note: credit card payment is subject to a 5% surcharge.<br />
www.251007<br />
card no<br />
expiry date<br />
name on card<br />
signature<br />
Cancellation / Refund Policy: All cancellations must be received in writing prior to 12 October 2007 to qualify for a refund, less a US$150 (or equivalent) cancellation fee. There will be no<br />
refunds for any cancellations received after October 12, 2007. This policy is necessary due to our advance guaranty obligations and the costs associated with administering the conference.<br />
Any promotional discounts after payment has been received cannot be honored. Registration fees, however, may be applied to future AVCJ conferences.<br />
Confirmed Registrations: Only paid registrations will be confirmed and payment must be received by 8 November 2007 for registrants to be included on the Official Delegate List.<br />
All information in this brochure is correct at the time of printing. The organizer reserves the right to amend any details due to circumstances.
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