VCCircle presents the fifth edition of its flagship property, VCCircle India Limited Partners Summit on February 19-20, 2014 at Trident Nariman Point, Mumbai.
The two-day conference will focus on: Macro-economic breakdown of the India opportunity; political combinations in India and their implications; how fundraising dynamics change - from tailwinds in 2007 to headwinds in 2014; how to identify the right model for private equity in India; and how funds are managing their portfolio companies. Additionally the summit will discuss improving reporting standards and generating returns effectively; what works and what doesn’t in setting the LP-GP terms for India, developing local investor capital-driven PE industry and possible solutions for Indian corporate governance issues.
Besides this, the summit will have a special panel covering real estate private equity, mapping India’s early stage and venture capital industry, assessing PE in India vs other markets among others. For more details on the agenda, click here.
Two exclusive sessions
Day 1, 19th February
Private Equity Exits Showcase
This session will showcase four Indian private equity investments, where GPs will make a presentation on how their partnerships with the promoters led to successful returns for both the parties. The session will highlight how the best deals in India were successful and why.
Day 2, 20th February
VCCircle GP Showcase
We will present five shortlisted private equity/venture capital funds which will showcase their funds’ strategy and their track record to an audience comprising leading limited partners, family offices and investors.
Participants
In the past, the summit has been attended by more than 150 speakers and 1,000 participants, including top global limited partners, India's leading general partners, placement agents, regulators, policy makers and economists.
For sponsorship, write to: vijay@vccircle.com or varun@vccircle.com
For registrations, write to: Sandeep/Shikhil at register@vccircle.com or call 0120-4171111
Agenda
Day I, 19th February
8:30am - 9:20am
Tea, Breakfast & Registration
9:20am - 9:30am
Introduction Note
9:30am - 10:20am
Panel I: Macroeconomic Breakdown Of The India Opportunity - Assessing The Good and Bad
Saurabh Mukherjea - CEO of Institutional Equities business, Ambit Capital Pvt. Ltd
Indranil Pan - Chief Economist, Kotak Mahindra Bank
Roopa Purushothaman - MD and Head of Research, Everstone Capital Advisors (Moderator)
10:20am - 11:10am
Fireside Chat: Analysing Political Combinations In India and their Implications
Issues peculiar to India such as tarnished government image, grim economic situation and uncertain tax regulations have stalled PE investments in the country. Given the negative outcome of a substantial downturn, will the upcoming 2014 elections regain investor sentiments? Despite the political turbulence, will PE recoup positive fundraising surrounding? Will PE industry witness significant changes in 2014-15? If yes, where will the difference lie?
Sanjay Jha - Congress Spokesperson
Meera Sanyal – AAP
Kumar Ketkar - Chief Editor, Dainik Divya Marathi
Praveen Chakravarthy - Board Member, Centre for Civil Society(Moderator)
11:10am - 11:40am
Tea & Networking Break
11:40pm - 12:30pm
Panel II: Developing Local Investor Capital-driven PE Industry
Given that more than 95% of the PE capital in India comes from international investors, what is the scope for the local investor capital-driven PE market in India? What are the challenges to running domestic capital-led PE funds? How can the industry encourage an ecosystem of local insurance companies, banks and family offices to make allocations to domestic private equity?
Dr S Subramanian - MD & Head of Investment Banking, Axis Capital Ltd
Amit Patni - Chairman, RAAY Global Investments Pvt Ltd
Gopal Srinivasan - CMD, TVS Capital Funds Limited (Moderator)
12:30pm - 1:45pm
Lunch & Networking
1:45pm - 2:35pm
In Conversation I: How Fundraising Dynamics Change - From Tailwinds In 2007 To Headwinds In 2014
How is fundraising in 2014 different from fundraising in 2007? Taking into account PE funds’ difficulty to make money on their old investments, how will GPs once again convince LPs to join the 2014 investment arena? How will 2014 fundraising dynamics change in terms of investment model , downsizing risks, valuation and returns compared with 2007?
Manish Kejriwal - Managing Partner, Kedaara Capital Advisors LLP
Vishal Nevatia - Managing Partner, India Value Fund
Ajay Relan - Managing Partner, CX Partners
Vikram Raju - Principal Investment Officer, South Asia, IFC (Moderator)
2:35pm - 3:45pm
In Conversation II: Identifying The Right Model For Private Equity In India
Is minority growth still the relevant model for Indian Private Equity?
Addressing challenges and opportunities in transaction activity including:
Growth equity transactions
PIPE
Private debt funds
Venture funds
Mid-market buyouts
Rajeev Aggarwal - MD, Ambit Pragma
Amit Bhatiani - Partner, CX Partners
Shankar Narayanan - MD, The Carlyle Group
ShashankSingh - Partner, Apax Partners
Kanchan Jain - Principal Managing Partner, Religare Credit Advisors LLP
Nupur Garg - IFC (Moderator)
3:45pm - 4:30pm
Private Equity Exits Showcase
This session will showcase four Indian private equity investments, where GPs will make presentations on how their partnerships with the promoters led to successful returns for both the parties. The session will highlight how the best deals in India were successful and why.
Hetal Gandhi - MD, Tano India Advisors Pvt Ltd
Shankar Narayanan - MD, The Carlyle Group
Sandeep Singhal - Co-founder & MD, WestBridge Advisors Private Limited
4:30pm - 4:50pm
Tea & Networking
4:50pm - 5:50pm
In Conversation III: Setting The LP-GP Terms For India: What Will Work & What Won't
What is the current state of LP-GP terms and partnerships in India? Are they becoming more favourable for LPs or GPs? What are the essential factors such as fee, structure and co-investment rights that are important for a successful fundraise? How are GPs and LPs aligning themselves between performance attribution and management fee? How will the providers and the investors of the capital amicably settle on risk-return fundamentals?
Rahul Bhasin Managing Partner, Baring Private Equity Partners India
Jaganath Swamy, Harbourvest Partners (Asia) Limited
Viswanathan Parameswar - Adveq Management
Gulpreet Kohli - MD, ChrysCapital Advisors Pvt Ltd
Paddy Sinha - Managing Partner, Tata Capital
Arjun Bawa - VP, PineBridge LP (Moderator)
6:45pm onwards
VCCircle Awards 2014
The third edition of VCCircle Awards will celebrate the impact of private equity and venture capital on Indian businesses, and pick the most outstanding Indian companies that have not only had tremendous growth in their respective industries, but also had a longstanding impact on the economy and the industry in general. The awards will also recognise the best intermediaries—law firms and investment banks—that have facilitated such investments. The ceremony would be attended by more than 300 leading CEOs, prominent international and domestic private equity fund managers, limited partners, and also the CEOs/managing partners of leading investment banks and law firms. For registrations, contact Sandeep/ Shikhil at register@vccircle.com or 0120-4171111
Day II, 20th February
8:30am - 9:45am
Exclusive LP Breakfast
An exclusive session for the leading India-focused LPs to network, debate and discuss the road ahead for investments in India. To participate, contact Sandeep/ Shikhil atregister@vccircle.com or 0120-4171111
9:00am - 9:30am
Breakfast & Networking
9:30am - 10:15am
In Conversation I: Too Many Portfolio Companies - Managing Portfolio, Improving Reporting Standards & Generating Returns
Given the huge pile of portfolio companies, how are Indian PE funds preparing their companies for exit? What are the most favourable exit routes today? How are funds managing their portfolio companies actively and effectively, while adding value to these businesses? What are the exits Indian private equity will see over the next two years?
Mohit Ralhan - Managing Partner, Indus Balaji
Bala Deshpande - Sr. MD, NEA (India) Pvt Ltd
Ramesh Venkat - CEO, Reliance Private Equity
Anand Sunderji - Regional Representative, Paul Capital (Moderator)
10:15am - 10:35am
Interview: Building An Alternative Focused Global Asset Management Platform - Key Learnings And Challenges
Shachindra Nath - Group CEO, Religare Enterprises Limited
10:35am - 11:20am
In Conversation II: Corporate Governance De-coded – What Is The Solution For Investors?
How will India's leading fund managers tackle corporate governance challenges, as they partner with greater number of companies? What promoters/assets can be bet on? Will reformed corporate governance structure successfully revive dampened investor sentiment? Are Indian company laws getting closer to global standards for conducting easy and efficient business practices? What are the learnings from investments that have gutted in fire on account of poor corporate governance?
Nikhil Khattau - MD, Mayfield Advisors Pvt. Ltd
Pavninder Singh - Bain Capital
Mintoo Bhandari - Senior Partner, Apollo
Sunil Sanghai - MD - Head of Global Banking India, HSBC (Moderator)
11:20am - 11:45am
Tea & Networking
11:45am - 12:30pm
In Conversation III: Real Estate Private Equity (REPE)
The Indian realty industry has seen capital inflow worth $1.9 billion so far in 2013. Are investors warming back towards Indian real estate? What is the new story that the Indian fund managers are narrating to their LPs? Which asset class this money would chase? Will vintage PE funds from 2007-2008 look to exit in 2014 or will they postpone exit from market in 2015? How are funds preparing to list their assets in REIT? What is the current domestic fundraising scenario? How to deal with challenges and complexities? Where is the cure?
Rubi Arya – Milestone Capital
V Hari Krishna – Director, Kotak Realty Fund
Sunil Rohokale – CEO & MD, ASK Group
12:30pm - 1:00pm
VCCircle GP Showcase
We will present five shortlisted private equity/venture capital funds which will showcase their funds’ strategy and their track record to an audience comprising leading limited partners, family offices and investors.
1:00pm - 2:00pm
Lunch & Networking
2:00pm - 2:45pm
In Conversation IV: Private Equity In India vs Other Markets
What has attracted foreign capital in India vs the other markets? What makes India a unique market in comparison with the rest? How are PE investments in Indian companies different from companies globally? How are exits in India different from the ones globally? Are LPs cutting down on the India allocations vis-à-vis other markets?
Amit Goyal - Senior Manager Investments, DEG
Anand Chandani - Regional Director - South & South East Asia, ResponsAbility (Moderator)
2:45pm - 3:30pm
In Conversation V: Mapping India’s Early-stage & Venture Capital Ecosystem
How large is the Indian early stage and venture capital investing ecosystem? What are the emerging opportunities and what are its key drivers? How are the portfolio companies faring today? What are some of the success stories? How different is early-stage and VC investing from traditional private equity investing in India?
Bharat Jacob - Founder & Partner, Seedfund
Kanwaljit Singh - Sr MD, Helion Venture Fund
Sanjay Nath - Co-founder & Managing Partner, Blume Ventures
3:30pm - 3:40pm
Concluding Remarks
3:40spm - 4:05pm
Tea & Networking
