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LPs' FORUM |
09.30 |
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LPs’ Registration and Welcome Coffee |
10.30 |
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Welcome and Opening Address to LPs
Sir David Cooksey, EVCA Chairman 2005-2006, Advent Venture Partners LLP |
10.40 |
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LP Survey Follow-on Survey (42kb, PDF)
Karen Wilson, EVCA Consultant |
10.45 |
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Opening Address by the Chairman of the Conference Presentation (26kb, PDF)
David Gamble, Former Chief Executive of British Airways Pension Investment Management Ltd
David J Gamble is a senior investment professional with over 35 years of high profile pension fund experience at industry and national levels. His investment career includes GEC Pension Fund, NM Rothschild & Sons Ltd and County NatWest Investment Management, where he was Deputy Chief Executive.
David has recently retired as Chief Executive of British Airways Pension Investment Management Ltd, but maintains a series of non-executive and advisory roles in various parts of the asset management industry. In private equity he is a non-executive director of several companies. Finally, he is currently Chairman of UKIPS the performance standards body. |
11.00 |
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Keynote Interview
• Is the market going up or down?
• Where are you in the circle?
• Increase or decrease your allocation to private equity?
Moderator: David Gamble
Panel Members:
David Burke, Stanford Management Company
Ronan Cunningham, Irish National Pensions Reserve Funds
Peter Gale, Gartmore Investment Management PLC Presentation (29kb, PDF) |
12.00 |
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LPs' Lunch |
13.30 |
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Panel Discussion – The overlooked Europe, a View of Europe from the Rest of the World
• Opportunities in emerging markets?
• How to choose a small European fund?
• What have European venture capitalists to offer?
Moderator:
David Gamble
Panel Members:
Peter Martenson, Macquarie Funds Management
Garrett A. McDonald, The World Bank
David G Pierce, Search Investment Group Ltd
Mark Wiseman, Canada Pension Plan Investment Board
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14.15 |
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Change of Rooms |
14.30 |
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Round-table Debates
• The evolution of power: Managing LP-GP conflicts and differences over
terms and conditions
Moderators:
John Aiello, Goldman Sachs & Co.
Duke DeGrassi, Hamilton Lane Advisors UK Ltd
• The trade-off between bigger funds and higher fees for outstanding GPs
Moderators:
Tim Cruttenden, VenCap International PLC
Vicky Wilson, British Airways Pension Investment Management Ltd
• How to access the top performing funds?
Moderators:
John Hess, Altius Associates
Vincenzo Narciso, Swiss Re Private Equity Partners
• Has the pressure for transparency become global? Must FOIA issues be
addressed worldwide now?
Moderators:
Geoff Singleton, Hymans Robertson LLP
Brian Wade, Virginia Retirement System
• Can an emerging GP grow to become a giant of the industry
nowadays?
Moderator:
Kathleen Bacon, HarbourVest Partners (UK)
Sasha van de Water, Keyhaven Capital Partners Ltd |
15.45 |
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End of the LPs' Forum |
LPs–GPs' FORUM |
15.30 |
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Registration and Welcome Coffee |
16.30 |
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Welcome and Opening Address of the LP-GP Forum: State of the Industry
Sir David Cooksey, EVCA Chairman 2005-2006, Advent Venture Partners LLP
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17.00 |
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The results of the LP part of the Forum
David Gamble sums up the LPs discussions from the morning and details how their findings might affect the GPs future business. |
17.15 |
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Private Equity Performance Figures
Prepared by Thomson Financial
2005 EVCA Annual Survey Headline Figures
Prepared by Thomson Financial and PricewaterhouseCoopers
Presented by: Gemma Postlethwaite, Thomson Financial Presentation (148kb, PDF) |
17.35 |
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Panel Discussion Presentation (30kb, PDF)
Moderator:
David Gamble
Panel Members:
Wanching Ang, Allianz Private Equity Partners GmbH
Gemma Postlethwaite, Thomson Financial
Serge Raicher, Pantheon Ventures Limited
Ian Simpson, Helix Associates Limited |
18.15 |
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Open bar Sponsored by: TVM Capital GmbH |
20.00 |
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Rotating Networking Dinner Hosted by: KKR
The famous Rotating Networking Dinner:
In order to maximise your networking opportunities, the Dinner will allow every LP to meet a variety of GPs and fellow participants, and vice versa. The rotating seating plan will allow dinner guests to mingle throughout the evening, leaving ample time to network.
This year, two rotations will occur: GPs moving between 1st and 2nd starter - LPs between the 2nd starter and the main course. |
09.15 |
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Welcome and Introduction
David Gamble, Chairman of the Conference |
09.20 |
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Futurology’s session – Where will the Private Equity Industry stand in Five Years? Presentation (26kb, PDF)
Moderator:
David Gamble
Panel Members:
Sir David Cooksey, EVCA Chairman 2005-2006, Advent Venture Partners LLP
Nick Ferguson, SVG Capital plc
Axel Holtrup, Silver Lake Partners
Emilio Voli, Apax Partners Worldwide |
10.00 |
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Panel Discussion – Secondary Buyouts: Lure or true Added Value? Presentation (24kb, PDF)
• Secondary, tertiary, quadriary… where to stop?
• Recapitalisations and secondary buyouts
• When to exit the circle?
• Which exists?
Moderator:
David Gamble
Panel Members:
Thomas Dorr, Morgan Stanley Alternative Investments
Michael Flood, TD Capital Private Equity Investors
Andrew Joy, Cinven
Morgan Olsson, Nordic Capital |
10.45 |
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Networking and Refreshment Break
Sponsored by: Access Capital Partners |
11.45 |
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Keynote Address Introduced by: Credit Suisse
Arthur Levitt, Former Chairman, US Securities and Exchange Commission |
12.45 |
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Lunch |
14.15 |
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Round-table Debates
• The evolution of secondary funds
Moderators:
Oliver Gardey, Adams Street Partners Ltd
Laurent Gillot, Fondinvest Capital
• Frustrations in fundraising, part 1: Assessing top funds - How do
in-demand GPs choose their LPs?
Moderators:
John McLaren, Monument Group
Gabriel Urwitz, Segulah
• Frustrations in fundraising, part 2: GP and LP turnover - Why
it happens and how to deal with it
Moderators:
Philip Bassett, Permira
Lyndon Lea, Lion Capital
• Relative to the US, how are the improving IPO opportunities in the EU
changing European venture capital exit strategies?
Moderators:
Anne Glover, Amadeus Capital Partners Limited
Nigel Grierson, Doughty Hanson & Co Ltd
• Global Investment Performance Standards and EVCA Standards
Moderators:
David Gamble, Former Chief Executive of British Airways Pension
Investment Management Ltd
Carol Kennedy, Pantheon Ventures Limited
• Is the LP need for clarity in GP investment mandates unrealistic?
Trade-offs between healthy adaptation and unhelpful style drift
Moderators:
Philippe Poggioli, Access Capital Partners
Tellef Thorleifsson, Northzone Ventures AS
• Achieving success stories what does it take? Are there enough potential
global winners in Europe to sustain our VC industry?
Moderators:
Friedrich Bornikoel, TVM Capital GmbH
Jean-Bernard Schmidt, Sofinnova Partners
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15.15 |
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Panel Discussion – How close to Private Equity are Family Offices? Presentation (368kb, PDF)
• Where is private equity in family offices’ radar screen?
• Family office evolution since the last ten years
• Average allocation to private equity
• Key objectives when investing in private equity
Moderator:
David Gamble
Panel Members:
Leif Høegh, Höegh Capital Partners
Benoît Leleux, IMD International
Joachim Schwass, IMD International
Howard Tisshaw, Sundt & Co Ltd
Rolf Wickenkamp, CAM Private Equity Consulting & Verwaltungs GmbH |
16.00 |
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Closing of the Conference |
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