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AVCJ 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 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 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 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 LIMITED ” 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% 10% Professional Services 10% Indonesia, Philippines, Thailand & Investment Banks / Banks 1% & Vietnam 2% 17% Corporates 5% Others 1% & 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% Kuwait Taiwan Chief Representative Cyprus Malaysia Thailand Denmark Malta Turkey Principal / VP / Associate / 40% France Myanmar U.A.E. Investment Manager Germany 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 ( 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 () Velocity Frequent Flyer () ・Deal of the Year – Small Cap: TaniGroup (Golden Gate Ventures/ ・Responsible Investment Award: IntudoVentures/Openspace Ventures/ Canvest Environment (Olympus Capital) BRI Ventures//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//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//Intel Capital/ KKR//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, • 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 Management, OFFICE OF COMPTROLLER CORPORATION (BCI) SCOTT M. STRINGER • Mohit Ralhan, Managing Partner & CIO, TIW PRIVATE EQUITY • Juan Delgado-Moreira, Vice Chairman, HAMILTON LANE • Matt Robinson, Director, • Brian Dillard, Managing Director and Head of Asia, KKR • Ganen Sarvananthan, Co-Managing Partner, TPG CAPITAL ASIA • Ira Ehrenpreis, Managing Partner, DBL PARTNERS • Weijian Shan, Chairman and CEO, PAG • Jean Eric Salata, Chief Executive and Founding Partner, BARING • Kyle Shaw, Founder and Managing Partner, SHAWKWEI & PRIVATE EQUITY ASIA PARTNERS • Richard Folsom, Representative Partner, ADVANTAGE • Oliver Stratton, Managing Director, ALVAREZ & MARSAL PARTNERS • Frank Tang, Chairman and CEO, FOUNTAINVEST PARTNERS • Pamela Fung, Executive Director, MORGAN STANLEY • Kok Yew Tang, Founding Chairman and Managing Partner, PARTNERS AFFINITY EQUITY PARTNERS • Ted Goldthorpe, Partner, Head of BC Partners Credit, BC • Mark Valadao, Managing Director, PAGODA CAPITAL PARTNERS • Wilson S. Warren, President, • Anil Gorthy, Senior Portfolio Manager, AVENUE CAPITAL • Edwin Wong, Managing Partner & Chief Executive Officer, ARES GROUP SSG CAPITAL MANAGEMENT • Alicia Gregory, Head of Private Equity, FUTURE FUND • Chee-Yann Wong, Managing Director, NORTHSTAR • David Gross-Loh, Managing Director and Managing Partner, Asia • Eric Xin, Senior Managing Director and Managing Partner, CITIC Region, CAPITAL PARTNERS • Mounir Guen, Chief Executive Officer, MVISION PRIVATE • Reijiro Yamamoto, Founding Partner, INTEGRAL EQUITY ADVISERS • Kiki Yang, Partner and Co-head, APAC Private Equity Practice, • Mark Hersee, Partner, BC PARTNERS BAIN & COMPANY • Kanchan Jain, Managing Director, Head of India Credit, BARING • Martin Yung, Principal, HARBOURVEST PARTNERS PRIVATE EQUITY ASIA • Yichen Zhang, Founder, Chairman and CEO, CITIC CAPITAL • Gopal Jain, Managing Partner and Co-Founder, GAJA CAPITAL • Xiaying Zhang, Head of Singapore, HAMILTON LANE • Nainesh Jaisingh, Founding Partner and Chief Executive Officer, AFFIRMA CAPITAL • Tony Jiang, Co-Founder and Partner, OCEAN LINK • Suneel G. Kaji, Managing Director, EVERSTONE CAPITAL visit us at avcjforum.com 33rd Annual AVCJ Forum

SPEAKERS PE Leaders’ Summit

• Katsuya Baba, Partner, Chief Administrative Officer, ADVANTAGE • Ashish Patil, CFO & COO, NALANDA CAPITAL PARTNERS • Gregory R. Hara, Chief Executive and Managing Partner and • Kirk M. Beaton, Partner, LEXINGTON PARTNERS Chairman of the Investment Committee, J-STAR • Shane Chesson, Partner, OPENSPACE VENTURES • Raju Ruparelia, Managing Director, Direct Investing, Private • Mark Chiba, Group Chairman & Partner, THE LONGREACH GROUP Capital, ONTARIO TEACHERS’ PENSION PLAN • Paul Christopher, Managing Partner, MOURANT • Stuart Schonberger, Founding Partner, CDH INVESTMENTS • Doug Coulter, Partner, LGT CAPITAL PARTNERS • Niren Shah, Managing Director, Head of NVP India, NORWEST • Jaideep Das, Partner and Global M&A Lead, ERM VENTURE PARTNERS • Amit Dixit, Co-Head of Asia Acquisitions and Head of India, • Marcus Simpson, Founder, PMGS GLOBAL BLACKSTONE PRIVATE EQUITY • Yar-Ping Soo, Partner, ADAMS STREET PARTNERS • Markus A. Federle, Senior Managing Director - General Counsel • Shinichi Takamiya, Managing Partner, GLOBIS CAPITAL and Head of Group Compliance, SAMENA CAPITAL PARTNERS • Andress Goh, Chief Investment Officer of ACP Private Equity & • Wee Hwee Teo, Head of Real Asset and (Tax), Head of Private Equity, Asia Pacific, ALLIANZ CAPITAL PARTNERS KPMG • Ben Gray, Founding Partner, BGH CAPITAL • Andrew Thompson, Head of Deal Advisory (Singapore & • Kapil Kirpalani, Director and Chief Compliance Officer, KKR Indonesia), HEAD OF PRIVATE EQUITY (APAC), KPMG • Anson Law, Market Development Division External Department, • Xiang-Dong Yang, Managing Director and Chairman, CARLYLE HONG KONG MONETARY AUTHORITY ASIA • Chris Leahy, Managing Director, BLACKPEAK • Henry Yin, Partner, COOLEY • Nisa Leung, Managing Partner, • Robert W. van Zwieten, Managing Director, Asia-Pacific, • Bonnie Lo, Partner & COO, NEWQUEST CAPITAL PARTNERS CONVERGENCE • Ashley Menezes, Partner & COO, CHRYSCAPITAL • Nick Milnes, Director, Asia Private Equity, METLIFE INVESTMENT MANAGEMENT

VC Summit

• Matthew Bartus, Partner and Global Co-Chair of Emerging • Pang Lee, Partner, COOLEY LLP Companies and Venture Capital Practice Group, COOLEY LLP • Eric Li, Founder and Managing Partner, CHENGWEI CAPITAL • Akshay Bhushan, Partner, LIGHTSPEED VENTURE PARTNERS • Bill Li, Managing Director, WALDEN INTERNATIONAL • Jeffrey Chi, Managing Director and Vice Chairman, VICKERS • Judith Li, Partner, LILLY ASIA VENTURES VENTURE PARTNERS • Michael Lints, Partner, GOLDEN GATE VENTURES • Michelle Deaker, Co-Founder & Managing Partner, • Wanli Min, Founder and CEO, NORTH SUMMIT CAPITAL ONEVENTURES • Ferish Patel, Partner in Charge – Singapore, COOLEY LLP • Ashish Fafadia, Partner, BLUME VENTURES • James Riney, Founding Partner & CEO, CORAL CAPITAL • JP Gan, Founding Partner, INCE CAPITAL • Tushar Roy, Partner, SQUARE PEG • Boyu Hu, Founder, XVC • Kathy Xu, Founder, CAPITAL TODAY GROUP • Melisa Irene, Partner, EAST VENTURES • Emre Hidekazu Yuasa, Director, GLOBIS CAPITAL PARTNERS • Jenny Lee, Managing Partner, GGV CAPITAL • Xun Zeng, Partner, COOLEY LLP

LP Summit

• Maurice Gordon, Senior Managing Director, Head of Private • Steve Moseley, Deputy CIO and Head of Private Markets, Equity, GUARDIAN LIFE OF AMERICA ALASKA PERMANENT FUND CORPORATION • Maria Guo, Investment Manager, Private Markets, SUNSUPER • Jenny Newmarch, Senior Portfolio Manager for Private Equity, • Ben Hart, Partner & Head of Investor Relations (Asia), ADAMS AWARE SUPER STREET PARTNERS • Tadashi Nishizawa, Director, Private Equity Investment, JAPAN • Tim Huang, Partner, LEXINGTON PARTNERS POST BANK • Thomas Lenehan, Deputy Chief Investment Officer, THE • Wen Tan, Founder & CEO, AZIMUTH ASSET CONSULTING ROCKEFELLER UNIVERSITY • Suzanne Tavill, Global Head of Responsible Investing and • Justin Lo, Senior Portfolio Manager - Private Equity, SAN Partner, STEPSTONE FRANCISCO EMPLOYEES’ RETIREMENT SYSTEM • Kelvin Yap, Managing Director, Hong Kong, HARBOURVEST PARTNERS visit us at avcjforum.com 33rd Annual AVCJ Forum Delegate Organisations

• 57 Stars • Asia Environmental • • Commonfund Capital • Eze Castle Integration • Harvard Management • A&V Holding GmbH Partners • Canaan Partners Israel / Commonwealth • Faering Capital Company • A91 Partners • Asia Green Fund Lenovo Capital Superannuation • Far Hills Group • Harvest • Abax Global Capital • Asia Heritage • Capital Dynamics Corporation (CSC) • • HC Asset Management • Abbott Capital • Asia Principal Capital • Capital Today Group • Consulate General Of • FC Capital • Hejun Capital • Aberdeen Standard • Asian Development Bank • Capitalworks Emerging Canada In Hong Kong & • Fedesa Asia Advisory Management Company Investments • Asian Infrastructure Markets Macao • Ferguson Partners • Hendale Capital • Abu Dhabi Capital Group Investment Bank (AIIB) • CapMan Group • Convergence • Ferretto Capital • Herbert Smith Freehills • Abu Dhabi Investment • Astarte Capital Partners • Capstone Partners • Cool Japan Fund • Fidelisworld • Heritas Capital Authority • Aster Capital • CareSuper • Cooley LLP • Filter Capital India Advisors Management • ACA Investments • Atlantic Pacific Capital • Carlyle Asia • COPE Private Equity • Finnovasia • Hermes GPE • ACA Ltd • Atlas Asset Management • Carpediem Advisors • Coral Capital • First Pacific Company • HESTA • Ace Capital • Atlas Investment • Carsome • Corecam • Flexstone Partners • High Commission of • Adamantem Capital Management • CarVal Investors • Cornell Capital • Focus Ventures Canada - Singapore • Adams Street Partners • Atman Holdings • Catalina U.S. Insurance • Cornes • Forbes • Hillhouse Capital • Advantage Partners • Automation Anywhere Services • Cowell Investment Group • Fort Worth Employees’ • HK Electric Investments • Aerius Associates • • Cathay Life Insurance • CPE Capital Retirement Fund • HKTDC • Aether Investment • AWAK • Cavetto Advisory • CPPIB • Fosun Group • HKUST Partners • Awakening • C-Bridge Capital • CRCC International • Fosun Pharma • HKVCA • Affinity Equity Partners • Aware Super • CD&R Investment • FountainVest Partners • Hong Kong Housing • Affirma Capital • AXA China Region • CDC Group • CRE Alliance Hong Kong • Freelance Society • AgilePQ Insurance Company • CDC India Advisers • (Hong Kong) • Freemont Capital • Hong Kong Monetary • Aglaia Family Office • AXA Life Insurance • CDH Investments • CreditEase Fintech • Fresco Capital Authority • AIA Group • AXA Venture Partners • CDIB Capital Investment Fund • Frontier Advisors • Hong-tai Electric Industrial • AIA Investment • Axiom Asia Private Capital • CDPQ Asia Pacific • CVC Capital Partners • Fubon VC • HOPU Investments Management • Ayannah • Cedar Holdings • D. E. Shaw & Co • Fullerton Fund • HOPU-ARM Innovation • AIF Capital • Azalea Asset Management • Cedarlake Capital • D.F. King Management Fund • AIG General Insurance • Azalea Investment • Centrum Alternatives • Daicel Corporation • Fundamentum • Hostplus • Air Products & Chemicals Management • Centrum Promoters Family • Daido Life Insurance • Fundnel • HPC Germany GmbH (China) Investment • Azimuth Asset Consulting Office Company • Funds SA & Co • ALAMI • Bailador • Centurium Capital • Dairy Farm • Future Fund • HQ Capital • Alaska Permanent Fund • Bain & Company • Cerberus Asia Pacific • Daiwa Fund Consulting • FWD Life Insurance • IBM Corporation • Bain Capital Advisors • Datasite • Gaja Capital • Icare NSW • Alea Consulting • Baker McKenzie • Cerberus Frontier • DBJ Asset Management • GC Investors (Georgieff • ICBC International • Allianz Capital Partners • • CHAMP Ventures • DBJ Investment Consulting Capital) • ICICI Venture • Allstate Lynch • Chen An Investment • DBL Partners • Generali • ICONIQ Capital • Grand Consulting • Bank of Canada • Chengdu Financial Street • DCP Capital • Genesis Alternative • IDI Emerging Markets Group • Bank of China • Chengwei Capital • DEG Ventures Partners • Alpheus Capital • Bank of Singapore • Chevalier Group • Deloitte Consulting • German Investment • IDI infrastructures • Alpine Capital Advisors • Bank Sinopac • China Investment • Delta Internatoinal Corporation (DEG) • IFC Asset Management • AlpInvest Partners • Banque Cantonale de Corporation • Denso International • GF Capital Company • ALPS Advisory Genève (BCGE) • China Life (Taiwan) • Destra Investment • GF Xinde Investment • IFM Investors • Altair Capital Advisors • Baring Private Equity Asia • China Life Insurance • Development Finance • GGV Capital • IMM Private Equity • Altamar Private Equity • BC Partners Company Corporation (DFC) • GIC • Imperium Capital • Altek Corporation • BDT & Company • China Overseas Nuoxin • DGB Asset Management • GLG • INCE Capital • Alteria Capital • Berkeley Energy International Holdings • Diamond Techventures • Global Acceleration • Indgrowth Capital • Alternative Investment • Besfin Company • Diana Capital Partners • Indiana University Health Capital • Betatron Venture Group • China Post Life Insurance • Dragon Capital • Global Alternative Funds • Ingenious Haus Group • Altouq Group • Bfinance (CGF) • Draper Associates • Global Brain Corporation • • Altshuler Shaham • BGH Capital • China Renaissance • DuPont • Global Schools • Institutional Limited Provident Funds and • Bin Zayed Venture • China Renaissance Capital • DVC Foundation Partners Association Pensions • Bintang Capital Partners Investment • Dyal Capital Partners • Globis Capital Partners • Insurance Authority • Alvarez & Marsal • Bioveda Capital Singapore • China-ASEAN Capital • Private Equity • Go Beyond Capital • Integral • Amcor • BKAM Advisory Company • East India Capital • Gold Mountains (H.K.) • Interflow • Amherst • BlackRock • China-ASEAN Investment Management International Mining • International Finance • Amicus Capital • Blackstone Private Equity Cooperation Fund • East Ventures • Golden Alpha Corporation • AMP Capital • • Chiratae Ventures • Eastspring Investments • Golden Gate Ventures • Intralinks • Anchorage Capital Group • BlueMount Capital • ChrysCapital • EcoKMC • Asset • Invest Hong Kong • Anthem Asia • Blume Ventres • Chubb Group • EDBI Management • Investment Corporation • Aon • BMM • CICC Capital • Edelweiss ARC • Gopher Asset of Dubai • Aozora Bank • BMY Group • CICC • Edward Wong Group Management • Isola Capital • AP2 • BNP Paribas • CIFC • EIG Global Energy • Government Pension • J.P. Morgan • APG Asset Management • BOC Investment Limited • CIGP Partners Investment Fund (GPIF) • J.P. Morgan Asset • Apollo Management • Bombay Central Advisors • Circle Eleven • Elevation Equity Partners • Great Eastern Life Management • AppWorks • Brightlight Group • Citco Asia Assurance • Jade Invest • ARA Infrastructure • British Columbia • CITIC Capital Partners • EmergeVest • Greenwoods & Herbert • Japan Bank for • Aramco Asia Japan Investment Management • Clarion Capital Partners • EMPEA Smith Freehills International Cooperation • Aramis Partners Corporation (BCI) • Clean Energy Finance • Empire Holdings • Gruss & Co • Japan Industrial Solutions • Arch Investment • BTG Pactual Corporation Nationwide • Guardian Life Insurance of • Japan Post Bank Management • BTV Group • ClearVue Partners • Employees Provident Fund America • Japan Post Investment • Archap Services • Bualuang Ventures • Click Ventures • Empower Ventures • Hamblin Watsa Investment Corporation • • BV Ventures • Clifford Chance • Emtac International Counsel • Jebsen Capital • Ares SSG Capital • C.M. Capital Advisors • CLSA Capital Partners • ENEOS Corporation • Hamilton Lane • JG Summit Holdings Management • CA Indosuez • CMH Capital • Engie New Ventures • Han Kun Law Offices • Jordan Park • Arkam • Cabot Capital Partners • Colgate University • Enterprise Ireland • Hang Tang Wealth • Joy Capital • Ascend Vietnam Ventures • Cadence Translate • Colinton Capital Partners • ERM • Hanwha Asset • J-STAR • Ascendent Capital • Caldera Pacific • Coller Capital • Estate Express Management • Juno Capital Partners • Calibrium AG • Columbia Investment • Eustan Ventures • Hanwha Investment & • Ka Shui International • Asia Alpha • California State Teachers’ Management Company • EV Growth Securities Holdings • Asia Alternatives Retirement System • Eversheds Sutherland • Harbourvest Partners • Kamehameha Schools • Callan • Everstone Capital Endowment visit us at avcjforum.com 33rd Annual AVCJ Forum Delegate Organisations

• KAUP Capital • Mazin Lafayette Hotel • Norinchukin Zenkyoren • Principle Advisory • Sobel Rand • The Norinchukin Bank • KAUST Investment Endowment Fund Asset Management Services • SOMPO Asset • The Rockefeller University Management Company • Mehta Ventures Family • Noritz Corporate Pension • Privos Capital Management • The University of • KB Securities Office Fund • Prodigy Capital • Sompo Japan Insurance • The University of Texas • KDB Asia • Meketa Investment Group • North Summit Capital Management • Sonova China / Texas A&M Investment • Kejora Capital • Memorial Sloan Kettering • North-East Private Equity • Proskauer • Sony Innovation Fund Management Company • Kerry APMEA Cancer Center Asia • • SOSV (UTIMCO) • Khazanah Nasional • Mercer Alternatives • Northstar Group • Prudential Corporation • South China Morning Post • The WealthCo. Group of • Kimera • Mercer Japan • Asia • Sprout Capital Advisors Companies • Kingdon Foundation • Merrimac Corporation • Novel Investment Partners • PSP Investments • Square Peg • Third Lake Partners • Kiwoom Asset • Metan Company Limited • Novo Holdings A/S • Public Officials Benefit • SSG Advisors • Management • MetLife Investment • Novum Ventures Partners Association (POBA) • ST Engineering Ventures • Thomson Reuters • KK Fund Management • NSSK • PwC • Stakeboat Capital • TIW Private Equity • KKR • Metrics Credit Partners • Nullabor • QIC • Stanton Road Partners • TKP Foundation • Knights Group • MingJian • Nuri Holdings • Qiming Venture Partners • Starquest Capital • Tockington • Koc Holding • Mitsubishi Corporation • NWP Retail • QM Consult • State of Michigan • Tokio Marine & Nichido • Korea Investment & • Mitsubishi UFJ Trust and • Oak Sky Capital • Quadrant Private Equity Retirement System Fire Insurance Securities Banking Corporation • Oaktree Capital • Quan Capital • StepStone Group • Tokyo University of • Korea Investment • Mitsui & Co • Oberlin College • Quantium Fund • Stonehage Fleming Science Corporation • Mizuho Asia Partners • OCBC Bank • Quentin Ayers • Strategic Asset Partners • Top Capital Development • KOTRA • Partners • Ocean Link • Rajah & Tann • Strategic Year Holdings • Top Tier • KPMG • Mizuho Trust & Banking • OCP Asia • Reed Smith • Structure Group • Toyota AI Ventures • Kumpulan Wang Persaraan • MOJO Partners • Office Dr. Uli Sigg • Reefknot Investments • Sudarskis & Partners • TPG (Diperbadankan) • Monarch Holdings • Office of New York City • Resolve Asia • Sumitomo Corporation • Transdale Investment • Lafayette College • Mondelez Comptroller Scott M. • Reuters • Sumitomo Corporation of • Transpacific Group • LAFPP • Monetary Authority of Stringer • Ritase Americas • Tulane University • Landmark Family Office Singapore • Old Mutual • Riviera Investments • Sumitomo Life Insurance • TVM Capital • Laneway Capital • Moonfare Asia • Olympus Capital Asia • ROC Partners Company • Twenty Seven Ventures • Langham Hall • Mordril Investments • OMERS Private Equity • Rockefeller University • Sumitomo Mitsui Banking • UBS Direct Investments • Latham & Watkins • Morgan Stanley Alternative • OneVentures • RS Group Corporation • UBS Investment Bank • Lawson Grove Capital Investment Partners • Ontario Teachers’ Pension • SAIC Capital • Sumitomo Mitsui DS Asset • UCLA Investment Partners • Morgan Stanley Asia Plan • SAIL Advisors Management Company • Asia Limited • Morningside Capital • Openspace Ventures • Samena Capital • Sumitomo Mitsui Trust • Unigestion • LCY Chemical • Morrison & Foerster • Opticrest SA • Samsung Asset Bank • UniGlobe Capital • Lee and Li, Attorneys- • Mount Vernon Sanctuary • OPTrust Management • Sun Hung Kai & Co • Unilever at-Law • Mourant • Orchestra Private Equity • Samsung Electronics • Sun Pharmaceutical • Unison Capital • Legend Capital • MPC Capital • Orios Venture Partners • Employees’ Industries • Unitas Capital • Lei Shing Hong • MSF Capital Advisors • ORIX Life Insurance Retirement System • Sunsuper • United Overseas Bank • Lenovo Group • Mubadala Investment Corporation • San Marco Capital • Surfview Capital • Uniting Financial Services • LetsVenture Company • Pacific Eagle Asset • Sanaka Capital • SUVA • University of Tokyo Edge • Lexington Partners • MUFG Bank Management • Sangam Ventures • SVCA Capital Partners • LGT Capital Partners • MUFG Investor Services • Pacific Equity Partners • Sanne Group • Swiss Re • UOB Venture Management • Liberty Mutual Investments • Multiples Alternate Asset • Paddington St Finance • Sarona Asset • T&D Asset Management • UTM Management • Lightbox VC Management • PAG Management • TAEL Partners • UTSB Management • Lighthouse Capital • MVision Private Equity • Pagoda Capital • Sawdust Investment • Taiping Asset Management • Valves & Piping • Lightspeed Venture Advisers • Management • Taiping Securities • Värde Partners Partners • Myanmar Strategic • Paragon Partners • SBI Brunei - Ministry of • Taiwan Life Insurance • Vestcor • Lilly Asia Ventures Holdings • Parly Company Finance and Economy • Tasman Capital Partners • Vickers Venture Partners • LIM Advisors • Nalanda Capital • Parry Global • SBI Holdings • Tata Capital • View Capital Advisors • Linde plc • Nanyang Technological • Representative Office • Tata Opportunities Fund • VIG Partners • Linnovate Partners University • PASERS (Philippines) • TAU Investment • VU Venture Partners • Lombard Odier Asset • NataRock Partners • Pathway Capital • Schroders management • Wah Hin & Co Management • National Bank of Canada Management • SEAF • Team Ventures • Walden International • Lotus Peak Capital • National Council for Social • Pavilion Capital • Sealink Capital Partners • Tekton Ventures • Walsh Bay Partners • Luen Thai Group Fund (NSSF) • PCA Life Assurance • Seattle City Employees’ • Telenor Group • Warburg Pincus • Lufin / SCA • National Investment • PEAL Investment Partners Retirement System • Temasek • WaterBridge Ventures • Lufin AG Corporation of the • Pear Tree Labs • Sedco Capital • Teneo • • Lufthansa National Bank of • Pegasus 7 Ventures • Seiryu Asset Management • TenshiPeak • Weybourne • Lungyen Group Kazakhstan • Peninsula House • Seminal Capital Partners • Texas Tech University • Wheelock Capital • LUPU Investment • National Pension Service • Pennsylvania Public • Sen Family Office • TGVest Capital • Willett Advisors • M&G Private Funds • National Taiwan University School Employees’ • Shanda Group • Thaibev Group • Willis Towers Watson Investment Hospital Retirement System • ShawKwei & Partners • The Andrew W. 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SAVE THE DATE! AVCJ16-18 Private Nov 202Equity1 16-18 Nov 2021 & Venture34th Annual Forum 16-18AV November,CJ Priva Hongte Eq Konguity & Venture Forum 16-18 November, Hong Kong

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