Thursday, 7 September 2017

08:15

Registration and refreshments

08:50

Welcome address

09:00

Opening keynote address

9:30

Views from the top: Private investment opportunities amid global volatility
Macro challenges abound for private markets in 2017 - Trump, Brexit, geopolitical uncertainty, political scandals, currency fluctuations, and a low-growth macroeconomic environment. All have contributed to a new normal of global volatility. Yet difficulties create opportunities for savvy GPs with differentiated strategies and creative approaches. How will these macro global trends affect the private equity industry and Asia? Our panel of global and regional leaders share insights.

  • How are macro trends impacting private equity worldwide and in Asia? How will the escalating political tensions affect South Korea? 
  • What are GPs doing to differentiate themselves? 
  • What are the next investment opportunities - are they regional or sector based, or simply sourced by great GPs? 
  • Where does South Korea fit in fund managers' Asian strategies? 
  • How is the exit market in Asia evolving? What does this mean for 2017 and beyond?
10:30

Networking coffee break

11:00

South Korean private equity: An evolving landscape
Private equity investors are thriving in South Korea. Chaebol reform and restructuring should be top of the agenda for the new government, yielding plentiful divestment opportunities. Meanwhile, the middle market remains a sweet spot, with solid proprietary deal flow, and SMEs seeking top-line growth. Despite high valuations and difficult exits, leading GPs, especially mature ones, continue to raise larger funds and gain traction from international LPs. Our panel of experts discuss the best strategy for South Korea and where the industry is heading next.

  • What is the reality of chaebol reform? 
  • How can foreign and local private equity investors play in chaebol restructuring?
  • Where will GPs find businesses in the small and mid-cap space that can deliver growth?
  • How do local GPs attract new capital, especially from international LPs? 
  • How are successful GPs exiting their investments? Will the opening up of the IPO market to private equity firms affect the exit environment and the industry?
11:45

Delivering real value: Creating truly global companies
Slower growth, a competitive business environment, inefficient management and a lack of global network , have all held back South Korean corporate expansion, but these problems create opportunities for private equity investors to make a change. A vast number of private equity-backed companies in Asia have successfully ventured overseas recently, proving that with the right business improvement capabilities, private equity can transform portfolio companies into global organizations able to flourish and grow in international markets. Our specialists discuss how to truly deliver value.

  • What are the challenges facing South Korean companies? How can private equity firms break the gridlock?
  • How do private equity firms develop their skill sets, processes, and procedures for operational improvement?
  • What company-wide analysis can identify areas to improve the bottom line?
  • How can you measure the effectiveness of your people and processes?
  • How does South Korea differ in value-added strategies, and what are the opportunities and challenges?
12:30

Networking lunch

13:30

Fireside chat 

14:00

South Korean VC resurgent: Turning a cycle into a sustainable industry
After hitting its highest fundraising total ever last year, Korean venture capital is back in favour - according to the Small and Medium Business Administration of South Korea. Strong tech capabilities, a massive pool of innovative entrepreneurs, and solid government support have provided momentum, pushing South Korea into the limelight for local and overseas VC investors. However, success is measured by returns, not feel-good factor. GPs need to display a winning strategy, from seed capital to late stage and exit, to ensure this current cycle does not unwind, and instead boosts South Korean start-ups to go global. Our panel discuss:

  • Where are the entrepreneurs and industries that will put South Korea on the map as a world-class start-up ecosystem?
  • Can local and global VCs collaborate? How can VCs help local start-ups expand outside South Korea?
  • Are the LPs backing South Korean VC changing? Where are the new sources of private capital? 
  • How can the next wave of VCs create a sustainable market, and how has this been done in other regions?
  • How can South Korea build its own Silicon Valley? What lessons can be applied?

 

14:45

The global view: The rise of credit and debt strategies
Global funds have increasingly focused on debt-orientated strategies, as they diversify their product offerings alongside traditional specific credit funds. This development has been fuelled by LPs' appetite for committing capital to credit. Next to private equity, private debt is expected to deliver the highest returns over the next three to five years, and typically it can deliver LPs liquidity more frequently than private equity. Our panel of global experts will analyse the investment landscape, identify global credit opportunities across the spectrum of offerings available, as well as discuss the risks and returns.

  • What macro factors are contributing to the rise of debt-oriented strategies?
  • Which segments of the debt market are providing the most attractive opportunities, and where can they be found?
  • Are allocations to credit strategies increasing, and what are LPs' expectations?
  • How do managers differentiate themselves as more players enter the market?
  • How can Korean LPs access global debt opportunities?
15:30

Networking coffee break

16:00

association-infraa

Hot sector focus: Opportunities in infrastructure

In recent years, institutional investors have increased allocation in infrastructure as a diversification tool to reduce portfolio volatility. South Korean investors have been among the most active in seeking out infrastructure opportunities across the globe, as they take their first steps into alternative investments. While mature markets such as North America, Europe, and Australia still present the most stable investment arenas, competition for deals is fierce. On this panel, investors and advisors will discuss the opportunities, outlook, and forecasts for the coming years, as well as how LPs can gain access.

  • Which markets and sectors present the best outlook? What are the trends driving the new infrastructure opportunities?
  • What is the impact of the global supply of capital, and are assets increasingly becoming overvalued?
  • What is the role of infrastructure in achieving sustainable returns in an investment portfolio?
  • How can domestic LPs select the right partners and venues for infrastructure investments?
  • How are government initiatives opening up new infrastructure opportunities?
16:45

The domestic LPs' view: Venturing into private markets
South Korean LPs have ramped up their investments into alternative assets over the past years, as they hunt for yield in a low-growth environment. Alongside more experienced SWFs and pension funds, a number of emerging LPs have made notable commitments, and continue to deploy capital across the alternatives spectrum and explore new strategies. In this session, a panel of leading domestic investors discuss their investment strategy, portfolio construction philosophies, and outlook for making commitments both at home and abroad.

  • What factors are causing domestic LPs to commit to private equity and alternatives, and how prevalent is this expected to become across the LP universe?
  • What are the return requirements and expectations of LPs in South Korea?
  • What geographies and fund types are LPs examining and investing in?
  • How are LPs selecting advisors and partners for making investments?
  • What top tips would LPs already on the alternatives journey share with new investors?
17:45

Closing remarks

17:50

Networking cocktails

Asia Series Sponsor
Co-Sponsors
Supporting Organisations
Supporting Media
Media Partners