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09.30 |
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LPs' Registration and Welcome Coffee
A bistro-style networking lounge including Internet access where you can meet up with your contacts will be at your disposal throughout the Forum. Coffee and soft drinks will be permanently available.
The ‘Spotme' networking device will also be available throughout the Forum allowing you to easily find the people you want to meet. |
11.00 |
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Welcome and Opening Address to LPs
Herman Daems, EVCA Chairman 2004-2005, GIMV NV Presentation (28kb - PDF Format) |
11.15 |
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Portfolio Diversification & Risk Management
A special focus will be given to risk management within portfolio diversification and new solutions for this central issue will be debated.
Topics include:
• How do you define ‘risk’ when investing in private equity?
• What are the risks of private equity compared to other asset class?
• Risks vs. long-term returns?
• Key factors for optimizing the management of investments
• What are some of the risk control tools for investors?
Conclusions and survey presented by a working group lead by
Moderator: Thomas K. Lynch, Wilshire Associates Europe
Panel Members:
Armando Acosta, TIAA-CREF
Thomas Kubr, Capital Dynamics Presentation (231kb - PDF Format)
Pierre-Yves Mathonet, European Investment Fund Presentation (67kb - PDF Format)
Mikan Van Zanten, Robeco Group
Results voting
(14kb - PDF Format)
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12.00 |
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One on Ones with Seasoned Investors:
John Gripton, Westport Private Equity Ltd and Eric Doppstadt, Ford Foundation will answer all your questions during this questions and answers session moderated by
John Barber, Helix Associates Limited |
12.45 |
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Networking opportunity: LPs’ Lunch |
14.15 |
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LPs’ Round-table Debates
These debates will allow you to meet and have a focused discussion with fellow participants.
- What is happening in the fundraising market?
Moderator: Remy Kawkabani, Credit Suisse First Boston
- Key elements to choosing GPs: What are they today?
Moderators:
Bernd Kreuter, Feri Trust (Alternative Assets) GmbH
Stefan Hepp, SCN Strategic Capital Management AG
- Timing the market: Deciding when to go? When not?
Moderators:
Wanching Ang, Allianz Private Equity Partners GmbH
Eric Doppstadt, Ford Foundation
- Portfolio construction: Today’s parameter for diversification
Moderator:
Mikan Van Zanten, Robeco Group
- Terms & conditions for the years ahead
Moderators:
Clive Norton, Goldman Sachs Private Equity Group
Michael Russell, Pacific Corporate Group LLC
- What next for European pension funds - cancelled
- Quoted funds: A solution to the problem of liquidity?
Moderator: Robbie Robertson, Dresdner Kleinwort Wasserstein
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15.00 |
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The First Five Years in Private Equity
To allocate or re-allocate funds to private equity is not an easy decision for any institutional
investor. The panel "First five years in private equity" will deal with the core problems of all
institutional investors that recently moved into private equity or are looking to do so soon.
Topics include:
• How to set up your investment in private equity?
• How to get access to the top quartile funds?
• How to convince your board of trustees of the asset class?
• What are the necessary core competences of your managers?
• How to find the right incentive to pay your managers?
Conclusions presented by a working group lead by
Moderator: Ann-Kristin Achleitner, Center for Entrepreneurial and Financial Studies (CEFS), Technische Universität München Presentation (15kb - PDF Format)
Panel Members:
Mark Lippert, Equity Partners, Düsseldorf
Jens Bisgaard-Frantzen, ATP Private Equity Partners
Hans van Swaay, Pictet & Cie
Results voting (10kb - PDF Format)
|
15.45 |
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End of LPs’ only part of the forum |
15.30 |
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Registration and Welcome Coffee for GPs
A bistro-style networking lounge including Internet access where you can meet up with your contacts will be at your disposal throughout the Forum. Coffee and soft drinks will be permanently available.
The ‘Spotme' networking device will also be available throughout the Forum allowing you to easily find the people you want to meet. |
16.15 |
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Welcome & Opening Address of the LP-GP Forum
Herman Daems, EVCA Chairman 2004-2005, GIMV NV Presentation (104kb - PDF Format) |
16.45 |
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2004 EVCA Preliminary Activity and Performance Headline Figures
Herman Daems, EVCA Chairman 2004-2005, GIMV NV
Serge Raicher, EVCA Statistics Task Force Chairman, Pantheon Ventures Limited Presentation (60kb - PDF Format)
Glenn Bedwin, Thomson Venture Economics Presentation (41kb - PDF Format)
Keith Arundale, PricewaterhouseCoopers Global Technology Industry Group Presentation (68kb - PDF Format)
|
18.00 |
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End of Day One
Open bar available until dinner |
19.30 |
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Rotating Networking Dinner
Hosted by: Permira
In order to maximise your networking opportunities throughout the entire Investors Forum, we have organized the Networking Dinner in the Forum programme and devised it to ensure every LP meets a variety of GPs and fellow participants, and vice versa. A rotating seating plan will allow dinner guests to mingle throughout the evening, leaving ample time to network.
Missing out on the dinner would mean leaving out a vital part of the forum! |
08.30 |
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Networking opportunity: Welcome Coffee |
09.00 |
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LP-GP Partnership: The Road to Success
As well as the classic issues of investment strategies, remuneration and reporting, the panellists will explore the consequences of the high turnover within the LP community.
Topics include:
• What makes a good LP other than just a strong commitment? What makes
a good GP other than a solid track record?
• What does co-investments with LPs do to the LP-GP relationship?
• Are LPs working together to get better terms? Should there be a good
behaviour code?
• Recommendations for smoother LP-GP negotiations
• How to establish a collective memory in a person-independent way? Or is
the person preferred over process?
Conclusions presented by a working group lead by
Moderator: Paula Chester, MVision Private Equity Advisers Ltd Presentation (299kb - PDF Format)
Panel Members:
Philip Bassett, Permira
Helmut Schühsler, Techno Venture Management
Jeffrey Reals, General Motors Investment Management
Chris Hunter, Cambridge Associates LLC |
10.30 |
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Networking opportunity: Coffee Break |
11.15 |
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Keynote Address: Introduced by: Credit Suisse First Boston Alternative Capital Division
Professor Daniel Kahneman, Nobel Laureate in Economic Sciences 2002
After examining the issues surrounding the decision-making process in different private equity investments on the basis of interviews with key GPs and LPs, Professor Kahneman will give a keynote speech, highlighting points essential to both groups when assessing their investment/decision-making processes. |
12.15 |
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Networking opportunity: LPs’-GPs’ Lunch
Sponsored by: TLcom Capital Partners |
14.00 |
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LPs’-GPs’ Round-table Debates
These debates will allow you to meet and have a focused discussion with fellow participants.
- Are LPs competitors to GPs? – LPs’ direct investment in portfolio companies
Moderators:
Rod Selkirk, Hermes Private Equity Limited
George Westerkamp, AlpInvest Partners
- Big or small buyout funds? The different investment style
Moderators:
Ivan Vercoutère, LGT Capital Partners Limited
Helen Steers, Pantheon Ventures Limited
- 2004 Preliminary review – European activity and performance statistics
Moderators:
Keith Arundale, PricewaterhouseCoopers Global Technology Industry Group
David Bernard, Thomson Venture Economics
Glenn Bedwin, Thomson Venture Economics
|
15.00 |
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Empty Nest or New Eagles:
The Success of Spinout Funds and the Emerging Managers
The recent European spinouts have brought a new generation of managers under the spotlight. Representatives from a captive fund, a spinout fund and an investor will be present in this session to discuss the advantages and disadvantages of being independent.
Topics include:
• Why spin out? Is it more than just money? What makes it successful?
• What's in it for investors? How do you balance greater motivation against
the additional risks?
• Can a captive be truly entrepreneurial?
• What benefits does a sponsor bring?
• What does it take to establish the next generation of managers?
Conclusion presented by a working group lead by
Moderator: Ian Simpson, Helix Associates Limited Presentation (69kb - PDF Format)
Panel Members:
Tom Sweet-Escott, Exponent
Roberto Pilotto, PPM Ventures |
15.45 |
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End of the Forum |
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