A new spring for South Korean private equity

Transcription

1 Private Equity & Venture Forum Korea April, Grand Hyatt, Seoul GLOBAL PERSPECTIVE, LOCAL OPPORTUNITY A new spring for South Korean private equity The Forum will be conducted in Korean with English translation Co-Sponsors Knowledge Partner Exhibitor Association Partners avcjkorea.com

2 A new spring for South Korean private equity AVCJ is proud to announce the return of our AVCJ Private Equity and Venture Capital Forum Korea. The last two years have seen private equity and venture capital in South Korea going through a revival internationally. The market has steadily worked its way back to a more dynamic and diversified environment that includes independent firms (with foreign institutional investor LPs) and foreign funds. Innovation and creativity has become a key trait of South Korean businesses as Korea has become the third largest market globally for venture investment after China and the USA. Apart from technology, Korean creativity also extends to other areas such as music, television and cinema. Also now part of the mainstream fundraising circuit, It is home to an increasingly vibrant and outward looking, LP community. Financial institutions are becoming active and local banks, and insurance companies are searching for alpha with private equity funds. This intensive and highly focused event will provide front row seats into one of Asia s most vibrant private equity markets. Key players will share their views on private equity in Korea, Asia and beyond. DELEGATE COMPOSITION Other (Media, etc.), 5% Limited Partners, 18% Corporates / Associations, 8% Advisory / Consultancy, 14% BY TYPE OF COMPANY General Partners, 42% Investment Banks, 3% Legal / Accountancy, 10% Chairman / CEO / Managing Partner, 10% Other, 6% Principal / VP / Associate, 28% BY TITLE / Partner, 38% Director / GM, 18% US, UK & Other, 3% Korea, 74% Asia ex-korea, 23% BY COUNTRY Register online at avcjkorea.com

3 Speakers Senior Industry Professionals Choi Byung-il President and CEO KOREA ECONOMIC RESEARCH INSTITUTE DC Choi Executive Director GLOBAL M&A CENTER (KOTRA) Minjun Chung Vice President HARBOURVEST PARTNERS (ASIA) LIMITED Juan Delgado-Moreira, Investment Committee, Asia HAMILTON LANE Perry Ha DFJ ATHENA Ki Won Han Commissioner, Invest KOREA KOTRA Jim Hildebrandt Bain Capital Asia Christopher R Hunter CAMBRIDGE ASSOCIATES INVESTMENT CONSULTANCY (BEIJING) LTD. Yoo Shin Jung Chief Executive Officer KOREA VENTURE INVESTMENT CORP. Yun Kyu Lee Chief Investment Officer KOREA TEACHERS PENSION FUND Peter Kim Investment Manager COLLER CAPITAL Jay Park BLACKROCK PRIVATE EQUITY PARTNERS Jason Song Senior Vice President Q CAPITAL PARTNERS For the latest confirmed speakers visit: avcjkorea.com avcjkorea.com Sponsorship enquiries: Darryl Mag T: E: Darryl.Mag@incisivemedia.com Register online at avcjkorea.com

4 Programme Simultaneous interpretation in Korean and English Tuesday, 16 April Registration 8.40 Economist briefing 9.00 Opening keynote address 9.20 Plenary address 9.40 Private equity as a catalyst for growth in alternative investments Continued market volatility has created new opportunities for the alternative investment industry as institutional investors look to diversify their alternatives portfolios, spread risk and generate alpha. Within Asia, LPs have been allocating more to GPs focused on the private equity, real estate and infrastructure sectors. In particular, private equity GPs, with their more opportunistic yet disciplined approach, have expanded their horizons into adjacent asset classes of real estate, distressed debt, infrastructure and structured credit. Panellists from different disciplines discuss the following topics. Can private equity firms compete in the wider alternative space? Unlocking value in today s real estate market The state of the distress and structured credit markets Networking coffee break The evolution of Korean private equity South Korean private equity has undergone a sea change in the past few years. In an industry dominated by regional players and corporate affiliates, a new crop of independent funds with both local and international backers has entered the fray. Armed with sizeable funds, these new players not only compete with the incumbents but also provide foreign LPs with exposure to the growing Korean market. Meanwhile, many smaller, local independents are climbing the learning curve and are ready to go international. Experienced Korean fund managers share their views on the home market. What are the forces of change in the Korean private equity market? What strategies have worked for private equity investors in Korea? How do independent and foreign funds compete and collaborate with the chaebols? Venture capital in Korea From the catchy tunes of Psy and SNSD to Samsung and LG s state-of-the-art electronics, South Korean creativity and innovation have taken the world by storm. A smart workforce and supportive government policies have made sure the local venture capital s star continues to shine brightly as South Korea becomes the venture capital industry s third-largest market. What is driving this phenomenon? Where are the investment hotspots? Korea s sharpest VCs slice through the issues. What are the hottest industries and new technologies? Is Korean venture capital investing a local-only industry? Is there room for collaboration with foreign VCs? Plenary address Networking lunch The role of private equity in overseas investments South Korean companies, like their counterparts in China and other developed Asian countries, are looking to expand beyond their local markets. While the larger chaebols may have their act together, smaller companies can use some help. With their experience in investing across a number of jurisdictions, regional private equity firms seem to be, on paper, ideal partners. Corporate decision-makers and their opposite GPs discuss the issues of creating a win-win situation. What countries and sectors provide the best opportunity for collaboration? What are the key issues of a strategic and financial investors partnership and how can the conflicting objectives of both be aligned? What are the issues with investing in portfolio companies of local private equity firms? Plenary address: Returns in private equity Networking coffee break The Korean LP perspective on private equity globally As home to an increasingly vibrant and outwardlooking LP community, South Korea is now part of the mainstream fundraising circuit for private equity funds. While these institutional investors are quite comfortable with the local asset class, they have also been spreading their wings into Asia and other international markets. As they become more sophisticated and experienced, their approach and expectations have changed. Key investors share their private equity programmes. What strategies, regions and intermediation level do Korean LPs traditionally prefer? What are the return requirements and expectations of LPs in Korea? Korean LPs views on secondaries, co-investments and separate accounts The future of private equity in Korea An earlier panel discussed the transformation of the Korean private equity market of today and the challenges the industry faces. This panel takes a few steps forward and provides a glimpse into the future issues that will affect the sustainability of the Korean private equity and alternatives asset class in the next five to ten years, from both a local and an international point of view. A diversified panel of leading GPs and LPs predict how investors should approach the Korean market in Where does Korea fit into the allocation plans of international LPs and GPs? Will this change? What factors contribute to Korea s attractiveness as an investment destination and are they sustainable? Which investment strategies will provide the best opportunities going forward, and why? Close of conference and cocktail reception Sponsorship enquiries: Darryl Mag T: E: Darryl.Mag@incisivemedia.com Register by register@avcj.com

5 Darryl Mag Register by phone

6 AVCJ Private Equity & Venture Forum Korea REGISTER NOW 16 April, Grand Hyatt, Seoul 5 EASY WAYS TO REGISTER: Online registration at to register@avcj.com Call Pauline Chen at Fax the completed registration form to Mail it to: 20/F, Tower 2, Admiralty Centre, 18 Harcourt Road, Admiralty, Hong Kong Booking details Standard Rate 5 register@avcj.com (Pauline Chen) /F, Tower 2, Admiralty Centre, 18 Harcourt Road, Admiralty, Hong Kong AVCJ-02-CS US$895 / HK$6,980 / WON971,30 Korean Rate (only applicable to pure domestic Korean companies) Standard Rate US$795 / HK$6,200 / WON862,800 Fees include refreshments, luncheon, evening reception and all conference documents. Registration details Please complete your details below in BLOCK CAPITALS or attach your business card. Mr/Mrs/Ms First name Last name Job title Company Address City Country Post/zip code Telephone Fax I plan to attend the Cocktail reception on Tuesday, 16 April at 17:30 (Foyer of Regency Room, Grand Hyatt Seoul) Payment details I enclose a cheque payable to AVCJ Group Ltd.AVCJ Group Ltd. I will arrange a bank transfer to HSBC, One Queen s Road Central, Hong Kong : A/C# (SWIFT code: HSBCHK HHH KH) Any bank charges must be prepaid. Please fax a copy of the transfer slip to or Please charge my credit card (US$/HK$) Visa MasterCard American Express Card no. Expiry date Security code Name on card Signature Cancellation / refund policy: A cancellation charge of US$300 is applicable to written cancellations received on or before 3 April No refund will be made for cancellations after the date due to our advance guaranty obligations and administration costs. Pay in advance: We will include registrants names on the official delegate list if we have received your registration fees on or before 10 April All payment should be made prior to the event. Regrettably, no entrance will be permitted for payment not received before the event takes place. VENUE AND ACCOMMODATION Grand Hyatt Seoul 322 Sowol-ro, Yongsan-gu, Seoul, Korea / www.seoul.grand.hyatt.com A limited number of rooms at the Hotel have been reserved at a special rate of Grand Room - KRW260,000 per room per night for Single Occupancy / KRW280,000 per room per night for double occupancy. (Room rate is subject to room availability and 10% service charge and 10% VAT are not included) for AVCJ Forum participants on a first-come, first-served basis. Please book your room directly with the hotel and identify yourself as an AVCJ Forum participant to qualify for the rate. For room cancellation policy, please visit simple steps to book your room: Fax or to Rooms Reservations Department with your booking details Rooms Reservation Department E SELRS-Reservation.team@hyatt.com T F CONTACT US REGISTRATION ENQUIRIES Pauline Chen t e register@avcj.com SPEAKING OPPORTUNITIES Sarah Doyle t e Sarah.doyle@incisivemedia.com SPONSORSHIP ENQUIRIES Darryl Mag t e Darryl.Mag@incisivemedia.com MARKETING AND MEDIA ENQUIRIES Stacey Cross t e Stacey.cross@incisivemedia.com