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Avcj Private Equity & Venture Forum AVCJ PRIVATE EQUITY 33RD & VENTURE FORUM ANNUAL Global perspective, local opportunity FORUM 33rd Annual AVCJ Forum 17-19 November 2020 FORUM REVIEW FORUM REVIEW www.avcjforum.com #avcjforum 33rd Annual AVCJ Forum SPONSORS Lead Sponsors Asia Series Sponsor Co-Sponsors Investment Summit Legal Sponsor PE Leaders’ Summit Sponsors VC Summit Legal Sponsor VC Summit Sponsors LP Summit Sponsors Awards Sponsors Gala Dinner Sponsor visit us at avcjforum.com 33rd Annual AVCJ Forum FORUM AT A GLANCE The 33rd annual AVCJ Asian Private Equity & Venture Forum connected the private equity and venture capital community for three days of insightful presentations, thought-provoking discussions and online interaction. Despite being virtual this year, the AVCJ Forum remains the leading event for the private market’s community in Asia, and brought together a record-breaking 1,430 senior professionals, including 745 LPs from 40 countries to hear the latest industry developments and discuss strategies from 147 speakers from across Asia, Europe and North America. This year’s conference featured timely and relevant topics including: the outlook for the global and Asian private markets, how Asian buyout firms stay successful, the global and Asian LP’s view on Asia, as well as, insights into how Asian GPs deliver more in-depth value creation in a COVID-19 environment, and the current options for exits of Asian investments. The AVCJ Forum returns to Hong Kong on 16-18 November 2021. See you then. OVERVIEW Testimonials “ It was my great pleasure to open this year’s AVCJ forum. It provided 1,430 a nice platform for us to connect and share our views with market participants and thought leaders in the industry. ATTENDEES ” Edmond Lau, Senior Executive Director, HONG KONG MONETARY AUTHORITY THE AVCJ conference is always a pinnacle of my year – it was sad not“ to see many old friends in person this year but nice to see them on screen and listen to their views in these new times for all of us. Thank you ORGANISATIONS for putting together a great program. LIMITED PARTNERS ” 785 Mounir Guen, Chief Executive Officer, MVISION STRATEGIC (ASIA) LIMITED 745 I thought the production is seamless, the content is well-chosen and“ curated, and it was a really efficient way to get up to speed on all important matters. ” Marcus Simpson, Founder, PMGS GLOBAL AVCJ is the absolute premier gathering place for all the most senior 147 “leadership in the private equity and venture capital community, due in SPEAKERS no small part to the tireless dedication and tremendous efforts of the AVCJ event team. AVCJ proves once and again that when the going gets tough, the tough get going as the 33rd Annual PE and VC forum was 40 one of the best events of the year during one of the most challenging of circumstances. COUNTRIES ” Thomas Lenehan, Deputy Chief Investment Officer, THE ROCKEFELLER UNIVERSITY visit us at avcjforum.com 33rd Annual AVCJ Forum Investment Summit Leading industry professionals from 41 countries, including 745 LPss By Type of Company TOP 10 ATTENDING COUNTRIES China Hong PE/VC General Partners 8% Kong Taiwan 29% 31% 2% Limited Partners Europe 3% 52% U.S.A. & Canada UK U.A.E. India Japan & 13% 3% 1% 4% South Korea 10% Professional Services 10% Indonesia, Philippines, Thailand & Investment Banks / Banks 1% Malaysia & Vietnam Singapore 2% 17% Corporates 5% Others 1% Australia & New Zealand Others (Gov’t, Media etc.) 4% 5% Overall Job Function Breakdown Attendees from: Chairman / CEO / 11% Australia India Saudi Arabia Managing Partner Bangladesh Indonesia Singapore Brazil Israel South Africa Managing Director / 29% Brunei Japan Spain Partner / CIO / CFO Canada Kazakhstan Sweden Cayman Islands Korea Switzerland Director / Portfolio Manager / 18% China Kuwait Taiwan Chief Representative Cyprus Malaysia Thailand Denmark Malta Turkey Principal / VP / Associate / 40% France Myanmar U.A.E. Investment Manager Germany Netherlands U.K. Ghana New Zealand U.S.A. Others 2% Honduras Philippines Vietnam Hong Kong Qatar visit us at avcjforum.com 33rd Annual AVCJ Forum PE Leaders’, Venture Capital and Limited Partners’ Summits PE Leaders’ Summit 546 Attendees from 21 Countries By Country China Hong 6% Taiwan Kong 2% By Type of Company 39% PE / VC General Partners 30% U.S.A. & Limited Partners 45% India Japan & Canada 4% 8% South Korea Professional Services 14% 11% Indonesia, Investment Banks / Banks 1% Philippines, Thailand & Malaysia & Vietnam Associations Singapore 2% 2% 20% Corporates 6% Others 3% Australia Others (Gov’t, Media etc.) 2% 5% Venture Capital Summit China Hong 242 Attendees from 18 Countries 12% Taiwan By Country Kong 2% 31% By Type of Company PE / VC General Partners 34% U.S.A. & UK India Japan & Limited Partners Canada 5% 41% 8% 2% South Korea 9% Professional Services 14% Indonesia, Philippines, Thailand & Associations 2% Malaysia & Vietnam Singapore 3% 21% Corporates 7% Others Others (Gov’t, Media etc.) 2% 2% Australia 5% Limited Partners’ Summit 82 Attendees from 11 Countries By Country Hong Kong By Type of Company 29% SWFs, Pension Funds, U.S.A. China Endowments, Foundations 47% 11% 7% Japan & Funds of Funds / South Korea Secondaries 42% 15% Family Offices Malaysia & 10% Singapore 22% Placement Agents 1% Others 5% Australia 11% visit us at avcjforum.com 33rd Annual AVCJ Forum Awards 2020 Asian Private Equity & The Asian Private Equity & Venture Capital Venture Capital Awards 2020 Awards AVCJ would like to thank all those that took part in our 20th AVCJ Private Equity & Venture Capital Awards and helped make it a great success. Watch the Awards Presentation Recording here: https://youtu.be/udaHW1Si44w Congratulations to winners of the AVCJ Awards ・Fundraising the Year – Venture Capital: ・Exit of the Year – Small Cap: Ince Capital Partners I (Ince Capital) China Feihe (Morgan Stanley Private Equity Asia) ・Fundraising of the Year – Mid Cap: Ascendent Capital Partners III ・Exit of the Year – Mid Cap: (AscendentCapital Partners) EMC Holdings (Affirma Capital) ・Fundraising of the Year – Large Cap: ・Exit of the Year – Large Cap: Carlyle Japan Partners IV (The Carlyle Group) Velocity Frequent Flyer (Affinity Equity Partners) ・Deal of the Year – Small Cap: TaniGroup (Golden Gate Ventures/ ・Responsible Investment Award: IntudoVentures/Openspace Ventures/ Canvest Environment (Olympus Capital) BRI Ventures/Tenaya Capital/UOB Venture Management) ・Operational Value Add Award: Nexus Day Hospitals (Mercury Capital) ・Deal of the Year – Mid Cap: Perfect Diary (Boyu Capital/Gaorong Capital/ ・Operational Value Add Award: Hillhouse Capital/Hopu Investment/Longhu TEG (Affinity Equity Partners) Capital/Tiger Global Management/VMG Partners) ・Firm of the Year – Mid Cap: Advantage Partners ・Deal of the Year – Large Cap: Jio Platforms (Abu Dhabi Investment ・Firm of the Year – Large Cap: Authority/General Atlantic/Intel Capital/ Warburg Pincus KKR/L Catterton/Mubadala Investment/Public Investment Fund/Qualcomm Ventures/Silver ・AVCJ Special Achievement Award: Lake/TPG/Vista Equity Partners) Lip-Bu Tan ・Exit of the Year – IPO: SBI Cards & Payment Services (The Carlyle Group) AWARDS SPONSORS visit us at avcjforum.com 33rd Annual AVCJ Forum SPEAKERS Investment Summit • Jim Adler, Managing Director and Board Member, TOYOTA AI • Amit Kataria, Partner, MORRISON & FOERSTER VENTURES • Tatsuo Kawasaki, Founding Partner, UNISON CAPITAL • Francois Aguerre, Partner, Co-Head of Origination, COLLER • Anthony Kerwick, Managing Director, ADAMANTEM CAPITAL CAPITAL • Jay Kim, Partner, ORCHESTRA PRIVATE EQUITY • James D. Ahn, Managing Director, CD&R (ASIA) • Tomoko Kitao, Managing Director, HAMILTON LANE • Greg Belonogoff, Principal, CARVAL INVESTORS • Jesper Koll, Senior Adviser, WISDON TREE INVESMTENTS • Nicholas Bloy, Managing Partner, NAVIS CAPITAL PARTNERS • T.J. Kono, Partner, UNISON CAPITAL • Tim Burroughs, Managing Editor, ASIAN VENTURE CAPITAL • Sanjay Kukreja, Partner and Chief Investment Officer, JOURNAL CHRYSCAPITAL • Will Cai, Partner, Head of Asia Capital Markets, COOLEY LLP • Shane Lauf, Principal, PERMIRA • Paul Caldwell, Partner, FARALLON • Kewsong Lee, Chief Executive Officer, THE CARLYLE GROUP • Scott Chan, Deputy Chief Investment Officer, CALIFORNIA • Chulmin Lee, Managing Partner, VIG PARTNERS STATE TEACHERS’ RETIREMENT SYSTEM • Hae-Joon Joseph Lee, Partner & Chief Investment Officer, IMM • Max Chen, Partner, PRIMAVERA CAPITAL PRIVATE EQUITY • Huai Fong Chew, Regional Lead for the East Asia & the Pacific • Ehud Levy, Managing Partner, Canaan Partners Israel; Venture PE Funds team, INTERNATIONAL FINANCE CORPORATION Partner, LENOVO CAPITAL • Mark Chiba, Group Chairman & Partner, THE LONGREACH • Ruomu Li, Partner, MORRISON & FOERSTER GROUP • Erhai Liu, Founding & Managing Partner, JOY CAPITAL • Jacob Chiu, Managing Director, HQ CAPITAL • Barnaby Lyons, Managing Director and Head of Asia, BAIN • Fred Chung, Partner & Head of Credit Underwriting, Private CAPITAL CREDIT ASIA Credit, ADAMS STREET PARTNERS • Jin Man Kim, Head of Transaction Services, KPMG • Henry Cornell, Senior Partner, CORNELL CAPITAL • Hemal Mirani, Managing Director, HARBOURVEST PARTNERS • Patrick Cowley, Principal, KPMG • Tetsuro Onitsuka, Head of Special Situations and Managing • Matt Crane, Director, Value Creation, ASPAC Centre of Director of Buyout, JAPAN POST INVESTMENT CORPORATION Excellence, KPMG • Jim Pittman, Executive Vice President and Global Head of Private • J. David Enriquez, Head of Private Equity, Bureau of Asset Equity, BRITISH COLUMBIA INVESTMENT MANAGEMENT Management, OFFICE OF NEW YORK CITY COMPTROLLER CORPORATION
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