SESSIONS February 2-3, 2021 CST UTC -6 Time Zone DAY 1 - 02/02/2021 Virtual Event

Total Page:16

File Type:pdf, Size:1020Kb

SESSIONS February 2-3, 2021 CST UTC -6 Time Zone DAY 1 - 02/02/2021 Virtual Event SuperTechnology North America SESSIONS February 2-3, 2021 CST UTC -6 Time Zone DAY 1 - 02/02/2021 Virtual event Dedicated networking time Technology investing today: Buyout The online debate: LP-GP relations today perspectives 08:35 - 09:30 11:45 - 12:10 10:25 - 11:00 Day 1 Dedicated time to catch up with peers and business Day 1 contacts. Has tech permanently replaced the need for in-person • What are the different ways the ‘tech sector’ can be meetings between LPs and GPs? Will competitors Set your availability in the Eventfinity platform. segmented? have an edge if they take meetings ‘offline’? How can • Isn’t everything a tech investment today? LPs and GPs build solid relationships in the new online You can schedule 1-to-1 or group meetings in • What valuations and risks are acceptable when world? Can LPs do effective due diligence on a designated time slots. approaching a new tech investment? manager without ever meeting them? • How are underlying assets being transformed by All meetings will be held through a secure video • The LP view: LP 1 and LP 2 in conversation with conferencing solution. technological innovation? • Is the tech sector in a bubble? (15 minutes) • Tech businesses vs tech-enabled businesses: • The GP view: GP 1 and GP 2 in conversation with where’s the line? (15 minutes) Chair’s welcome address • + 10minute Q&A Participants 09:30 - 09:35 Participants Day 1 In conversation with: Marc der Kinderen - Managing Partner, 747 Capital Eliot Hodges - Chief Executive Officer, Anduin In conversation with: Kelly DePonte - Managing Technology fundraising activity Daniel Berglund - Partner, Technology & Payments, Nordic Capital Director , Probitas Partners 09:35 - 09:55 David Golob - CIO, Francisco Partners Steven Hartt - Principal, Meketa Investment Group Day 1 • How has fundraising in the US, Canada and Mexico been affected by Covid? Networking break GPs originating, diligencing and managing • What does ‘normal’ look like now? companies digitally 11:00 - 11:45 • Which funds and areas of the market have Day 1 12:15 - 12:50 benefited or struggled the most? Day 1 • Will 2021 be the year of the tech fundraise? While you wait for the next session, stay tuned for our • How might 2020/21 funds compare with other exclusive interviews In what ways have new GPs had to change their vintages? origination and valuation processes? To what extent • How many new tech funds have entered the can the difficulties of meeting founders and doing in- market? CONNECTION SESSION 1: Covid-19 impact – person due diligence be mitigated by technology? Is there a push for better automating investment, where next for tech investors? Participants monitoring and management processes of portfolio Jesse Fahy - Vice President, Private Capital, Preqin 11:00 - 11:45 companies? How have companies and supply chains Connection Session which have been negatively affected by the pandemic used technology to mitigate some of the issues? In LP/GP networking session run under the Chatham what ways have new GPs had to change their process The LP perspective: technology funds and House Rule. Open to 26 pre-registered LP and GP to manage deal-flow? investments attendees. For GP registrations please email 10:00 - 10:20 [email protected] For LP registrations Participants please email [email protected] Day 1 Moderator: Joncarlo Mark - Founder & Managing Member, Upwelling Capital Group • How are LPs accessing Buyout, Growth and VC Participants tech investments through their existing GP The LP view: Brian Schuman - Investment Eugene Zhang - Founding Partner, TSVC relationships? Professional, PepsiCo Technology Ventures • How are LPs accessing oversubscribed technology The LP view: Eric Woo - Head of Institutional Capital, funds? AngelList • Are LPs comfortable with making investments in managers they have never invested in before in the The VC and Growth view: Rudina Seseri - Founder and current climate? Managing Partner, Glasswing Ventures • How has the commitment and draw-down process changed? • How have LPs pushed for liquidity in 2020? Networking break • What long-lasting changes have LPs because of Covid? 12:50 - 13:35 • VC, Growth, or Buyout – what are LPs preferring Day 1 now? While you wait for the next session, stay tuned for our Participants exclusive interviews Jonathan Grabel - Chief Investment Officer, LACERA (Los Angeles County Retirement Association) informaconnect.com/supertechnology-north- +44 (0)20 7017 7200 america/ [email protected] SuperTechnology North America SESSIONS February 2-3, 2021 CST UTC -6 Time Zone DAY 1 - 02/02/2021 Virtual event CONNECTION SESSION 2: Sector focus: Networking break No longer flying-over opportunity: the VC where’s the opportunity? ecosystem and North American tech 14:45 - 15:30 12:50 - 13:35 Day 1 16:05 - 16:40 Connection Session Day 1 While you wait for the next session, stay tuned for our LP/GP networking session run under the Chatham exclusive interviews • Where are start-ups and different VCs finding tech House Rule. Open to 26 pre-registered LP and GP opportunities? attendees. For GP registrations please email • How has the ecosystem become decentralized? [email protected] For LP registrations CONNECTION SESSION 3: What’s happening in • How are VCs providing strategic vision today? please email [email protected] GP-led Secondaries? • What does the diligence on a VC vs Growth vs Buyout look like? Participants 14:45 - 15:30 • Are sector specialists more spread out today (post- Connection Session pandemic)? Host: Ted Maidenberg - Partner and Co-Founder, Tribe • When does it make sense to go from local Capital LP/GP networking session run under the Chatham specialists to more generalist investor? House Rule. Open to 26 pre-registered LP and GP attendees. To register please email Participants “Nothing stays private for long”: the [email protected] & technology IPO today [email protected] Moderator: Justin Field - Senior Vice President of Government Affairs, National Venture Capital 13:35 - 14:10 Participants Association (NVCA) Day 1 Discussion Leader: Cari Lodge - Managing Director, Panellists: Steve Case - Chairman & CEO, Revolution • Are software and ‘pure-tech’ investments the best Commonfund Capital LLC place to find a deal that will ve entually go public? Priscilla Guevara - Head of Investor Relations, Science • Which sectors are seeing the most successful Inc. IPOs? LP views on technology: from investments to Mike Venerable - CEO, CincyTech • To what degree are public markets still volatile? operations • Are traditional routes to an IPO better than a SPAC? • Are relative valuations too high? 15:30 - 16:00 • Direct listings vs IPO vs traditional IPO – which is Day 1 Chair’s closing remarks and end of better? SuperTechnology North America Virtual Day 1 • How is tech impacting fund analysis and manager Participants due diligence? 16:45 - 16:50 • How are over allocated LPs approaching tech as an Moderator: Bradley Rowbotham - Research investment possibility? Consultant, Private Markets, NEPC • Does the growth of tech disruption to underlying Day 1 Afternoon Dedicated Networking Time Panellists: Rami Reyes - Co-Founder & Managing assets concern LPs? 16:50 - 17:45 Director, NextEquity Partners • What is the demand for proven tech investment today? Sunil Dhaliwal - General Partner, Amplify Partners Dedicated time to catch up with peers and business Participants contacts. Michael Block - Managing Director and Special Advisor, Adit Ventures LLC Moderator: Chris Sparenberg - Director, Product and Set your availability in the Eventfinity platform. Data Strategy, IHS Markit You can schedule 1-to-1 or group meetings in Panellists: Josh Geller - Deputy City Attorney, Public designated time slots. Technology creating diversity: using new tools Pensions General Counsel Division, Los Angeles City to create diverse teams Attorney All meetings will be held through a secure video 14:15 - 14:45 Maurice Gordon - Managing Director & Head Of Private conferencing solution. Day 1 Equity, The Guardian Life Insurance Company Of America • How has the ability to work from home and remotely enabled the widening of the workforce? David Rutledge - Portfolio Manager Private Markets • What opportunities and challenges has tech Group, OP Trust created for leaders managing teams? • Is the future of work here to stay? • Has the work/life balance been thrown out of the window? Participants Interviewer: Dadong Yan - Portfolio Manager, MassMutual Interviewee: Cindy Padnos - Founder & Managing Partner, Illuminate Ventures informaconnect.com/supertechnology-north- +44 (0)20 7017 7200 america/ [email protected] SuperTechnology North America SCHEDULE February 2-3, 2021 CST UTC -6 Time Zone DAY 1 - 02/02/2021 Virtual event TIME CONNECTION SESSION DAY 1 08:00 08:35 - Dedicated networking time 08:35 - Dedicated networking time 09:00 09:30 - Chair’s welcome address 09:35 - Technology fundraising activity 10:00 10:00 - The LP perspective: technology funds and investments 10:25 - Technology investing today: Buyout perspectives 11:00 11:00 - CONNECTION SESSION 1: Covid-19 impact – where 11:00 - Networking break next for tech investors? 11:45 - The online debate: LP-GP relations today 12:00 12:50 - CONNECTION SESSION 2: Sector focus: where’s the op- 12:15 - GPs originating, diligencing and managing companies portunity? digitally 12:50 - Networking break 13:00 13:35 - “Nothing stays private for long”: the technology IPO to- day 14:00 14:45 - CONNECTION SESSION
Recommended publications
  • Stepstone Atlantic Fund, L.P
    StepStone Atlantic Fund, L.P. Private Equity and Infrastructure Quarterly Monitoring Report For the period ending December 31, 2020 Report Prepared For: Important Information This document is meant only to provide a broad overview for discussion purposes. All information provided here is subject to change. This document is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, or as an offer to provide advisory or other services by StepStone Group LP, StepStone Group Real Assets LP, StepStone Group Real Estate LP, StepStone Conversus LLC, Swiss Capital Alternative Investments AG and StepStone Group Europe Alternative Investments Limited or their subsidiaries or affiliates (collectively, “StepStone”) in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this document should not be construed as financial or investment advice on any subject matter. StepStone expressly disclaims all liability in respect to actions taken based on any or all of the information in this document. This document is confidential and solely for the use of StepStone and the existing and potential clients of StepStone to whom it has been delivered, where permitted. By accepting delivery of this presentation, each recipient undertakes not to reproduce or distribute this presentation in whole or in part, nor to disclose any of its contents (except to its professional advisors), without the prior written consent of StepStone. While some information used in the presentation has been obtained from various published and unpublished sources considered to be reliable, StepStone does not guarantee its accuracy or completeness and accepts no liability for any direct or consequential losses arising from its use.
    [Show full text]
  • 10TH ANNUAL Global Fund Finance Symposium
    10TH ANNUAL Global Fund Finance Symposium FEBRUARY 12 - 14, 2020 FONTAINEBLEAU, MIAMI BEACH LETTER FROM THE CHAIRMAN Industry colleagues, newer to the space, the “1st annual” version of this event isn’t on the Let me be the first to welcome you to Miami Beach for the 10th same stratosphere to what we have today. Mike, a savvy business Annual Global Fund Finance Symposium hosted by the FFA. 10th development lawyer trying to grow his client base, championed Annual… I’m honestly having trouble wrapping my head around putting together a “Subscription Finance 101” type event while that. How can something seem both so long ago and yet so building up a practice at Mayer Brown. He recognized a growing recent?!? Well, the FFA Board decided this was an occasion that market opportunity, but one that only a few handful of banks were simply couldn’t be ignored – we needed to go BIG to celebrate the really paying attention to. The more banks that understood the tremendous growth and success that this organization, and market, product – the larger the base of clients to represent. I don’t know has experienced this last decade. the exact number of attendees that day – rumors vary – I didn’t even attend, “I don’t need an intro to the product!” I thought. But How do you celebrate such an occasion? How about Hillary Clinton saying it was 50 bankers that attended is probably generous. Mike, to speak about the race for the Democratic nominee during primary and Mayer Brown, continued on that traditions for a few more season, or Magic Johnson to talk about his extraordinary life (and years.
    [Show full text]
  • HGGC Hires Twelve, Promotes Four Amid Firm's Busiest Period Ever
    HGGC Hires Twelve, Promotes Four Amid Firm’s Busiest Period Ever Personnel Growth Follows 60 completed transactions totaling nearly $8 billion PALO ALTO, Calif.—August 29, 2019—HGGC, a leading middle market private equity firm, today announced that it is making four promotions and expanding its team with twelve new hires across the operations and investment functions. These additions—all of which come to HGGC from blue-chip financial and business brands—will help ensure that HGGC has the talent and bandwidth to execute its successful investment strategy and foster portfolio company value creation as it continues its growth trajectory. “As we continue to grow our portfolio and build value in our companies, we’re very excited that we have been able to continue to recruit and retain some of the industry’s best talent,” said Rich Lawson, Chairman, CEO and co-founder of HGGC. “These promotions and additions come less than a year after a similar growth announcement, and we see no slowdown in our current trajectory.” HGGC’s personnel growth follows the busiest period in the firm’s history. Since the start of 2017, HGGC has completed 10 platform investments and over 50 add-on investments, representing an aggregate transaction value of nearly $8 billion, and has distributed over $1 billion in proceeds through 10 liquidity events. “People are the key to our portfolio and partnership success,” added Steve Young, President and co- founder of HGGC. “This group not only has the experience and intellect to execute great deals, but also has the interpersonal skills to partner with sellers and make it happen in today’s frothy environment.” Promoted team members include: Neil White, promoted to Partner White, who joined the firm in 2009, is active in the firm's Fund III investments in AMI, Nutraceutical International Corporation and IDERA, the Fund II investments in Davies Group, Integrity, Dynata and Pearl, as well as the Fund I investments in iQor and Gee Holdings.
    [Show full text]
  • Public Investment Memorandum HGGC Fund III, L.P. Private Equity
    COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM Public Investment Memorandum HGGC Fund III, L.P. Private Equity Commitment Darren C. Foreman Senior Portfolio Manager November 4, 2016 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM Recommendation: Staff, together with Portfolio Advisors, recommends to the Board a commitment of up to $125 million to HGGC Fund III, L.P. (the “Fund”). HGGC (or the “Firm”), a Palo Alto, CA based, private investment firm, is sponsoring the Fund to make investments in control North American middle-market buyouts with equity investments between $50 million and $200 million. Firm Overview: Since the firm’s inception in 2007, HGGC has made 53 portfolio investments in control North American middle market buyouts worth a total enterprise value of approximately $12 billion. The following table lists all private equity funds raised and/or managed by HGGC. Fund Vintage Fund Size Huntsman Gay I (Fund I) 2008 $ 1.1 Billion HGGC Fund II 2014 $ 1.3 Billion Market Opportunity: HGGC’s sourcing strategy has led to over 3,000 evaluated deal opportunities since inception and 53 closed transactions. Nineteen of the twenty control middle-market platform investments across Fund I and Fund II were proprietary/semi-proprietary situations in which HGGC was able to eliminate or preempt a competitive auction process. Portfolio Fit: A commitment to HGGC Fund III will give PSERS’ Private Markets portfolio exposure to middle buyout market in North America. The Fund would be complementary to PSERS’ Private Markets portfolio by giving exposure to the information technology sector. The firm focuses on control investments that allow them to lead the company strategy, have control over management and control over the capital structure which should allow the Fund to be a top performer.
    [Show full text]
  • Private Equity Portfolio Performance As of March 31, 2018
    California State Teachers' Retirement System Private Equity Portfolio Performance As of March 31, 2018 CalSTRS Since Capital Capital Capital Inception Description VY Committed Contributed Distributed IRR* ACON Equity Partners III, L.P. 2012 70,000,000 53,754,160 5,702,519 5.75 ACON Equity Partners IV, LP 2016 50,000,000 11,322,965 2,856,389 (41.99) Acon-Bastion Partners II, L.P. 2006 40,000,000 37,183,693 63,449,683 13.21 Advent Central & Eastern Europe IV LP 2008 100,024,323 78,087,390 48,559,263 (9.14) Advent International GPE VI LP 2008 271,014,851 271,014,851 427,289,807 16.27 Advent International GPE VIII-D L.P. 2016 150,000,000 73,725,000 0 5.38 Affinity Asia Pacific Fund III, L.P. 2007 150,000,000 141,505,804 175,604,729 10.73 Affinity Asia Pacific Fund V (NO.2) L.P. 2018 200,000,000 0 0 0.00 AG Capital Recovery Partners V, L.P. 2006 50,000,000 46,750,000 52,756,982 2.86 AG Capital Recovery Partners VI, L.P. 2008 100,000,000 100,000,000 142,032,622 7.41 AG Capital Recovery Partners VII, L.P. 2010 164,208,774 164,208,982 196,496,609 5.08 Alchemy Plan (Estrellita) L.P. 2002 259,509,125 259,515,793 301,963,646 3.50 Alchemy Special Opportunities Fund III 2014 56,253,693 34,630,998 5,715,068 9.56 Alchemy Special Opportunities Fund IV L.P.
    [Show full text]
  • Steve Young Is an Athlete Who's Actually Good at Finance
    4/25/2017 Steve Young Is an Athlete Who’s Actually Good at Finance - Bloomberg Steve Young Is an Athlete Who’s Actually Good at Finance The next time you see him on ESPN, remember: He’s probably thinking about private equity. Photographer: Nathanael Turner for Bloomberg Businessweek by Alex Sherman February 9, 2017, 2:00 AM PST From Before a Monday Night Football game in Minneapolis in October, Steve Young seems to be doing the typical work of an ex-quarterback. Still fit and even boyish-looking at 55, Young is roaming a patch of sideline, chatting and taking pictures with a group of men, all of whom look thrilled to be near the San Francisco 49ers legend. Then Young ducks over to a nearby ESPN set, where he talks about the Vikings’ offense for an audience of several million viewers. Then back to the same gaggle of men. The process repeats: glad-handing, TV hit, glad-handing. Soon enough, though, it’s clear that Young is paying a lot more attention to one of these tasks than the other. The moment the ESPN cameras are off, he bolts to the group on the sideline. And once he’s there, talk rarely turns to football. Young is schmoozing people connected to the private equity firm, HGGC, that he co-founded a decade ago. The firm has a niche within a niche—it specializes in acquiring majority stakes of enterprise software companies worth $300 million to $500 million—and it uses Monday Night Football games as marketing events. When the season begins, Young and his partners buy a luxury suite for virtually every Monday matchup.
    [Show full text]
  • Private Equity & Venture Capital
    VOLUME 13, ISSUE 5 ■ JUNE 2017 alternative assets. intelligent data. PRIVATE EQUITY & VENTURE CAPITAL SPOTLIGHT OVERACHIEVERS: GPS SEEING IN THIS ISSUE SUCCESS ON THE ROAD Preqin’s data shows a key trend in the value of prior fundraising experience in reaching a first close quickly. Managers that have previously raised at least $5bn are those that have most often exceeded their target size by 25% or more. FEATURE 3 Overachievers: GPs Find out more on page 3 Seeing Success on the Road FEATURE 8 Venture Capital Exits ‘Snap’ Back in North VENTURE CAPITAL EXITS ‘SNAP’ America BACK IN NORTH AMERICA INDUSTRY NEWS 12 The North American venture capital exit environment in 2016 was anchored by 11 notable transactions, each of THE FACTS which was valued at more than $1bn. ■ Private Equity in 14 Canada ■ Sovereign Wealth 17 Find out more on page 8 Funds Investing in Private Equity 19 ■ Micro Venture Capital CONFERENCES 22 REVIEW FUND WEALTH SOVEREIGN PREQIN 2017 THE RECENTLY RELEASED: THE 2017 PREQIN SOVEREIGN WEALTH FUND REVIEW 2017 PREQIN SOVEREIGN All data in this newsletter in association with WEALTH FUND REVIEW can be downloaded to alternative assets. intelligent data. Excel for free Order Your Copy Download Sample Pages Sign up to Spotlight, our free monthly newsletter, providing insights into performance, investors, deals and fundraising, powered by Preqin data: Alt Credit Intelligence European and US Fund Services Awards: Best Data and Information Provider | Africa Global Funds Awards 2016: Best Research and Data Provider | The Queen’s Award for Enterprise: International Trade | HedgeWeek Global Awards: Best Global Hedge SIGN UP Fund Research Provider | CAIA Corporate Recognition Award www.preqin.com/contact | [email protected] Enter the world’s gateway to Asia.
    [Show full text]
  • HGGC Promotes Ten, Hires Five Following Strategic Investment
    HGGC Promotes Ten, Hires Five Following Strategic Investment Five Elevated to Partnership Group PALO ALTO, Calif.—March 26, 2019—HGGC, a leading technology-focused private equity firm, today announced several promotions and new hires in the wake of receiving a strategic investment from Dyal Capital Partners. These moves recognize contributions from current team members and enhance talent across the firm as it continues to build its portfolio and execute its successful ‘Advantaged Investing’ strategy. “Steve Young and I are excited to have five team members join us in the partnership group of HGGC,” said Rich Lawson, Chairman, CEO and co-founder of the firm. “Les, John, Steven, Harv and Lance have taken strong leadership roles within our firm to drive the success of our model of true partnership among our portfolio companies, our global investors and our team.” The HGGC team members promoted to Partner include: Les Brown joined HGGC in 2007 and serves as Chairman of the Board of Directors for HGGC’s Fund III investment in Nutraceutical International Corporation. He was previously a member of the Board of Directors for HGGC’s Fund II investment in Dynata, and the exited investments in Serena Software and hybris Software. John Block joined HGGC in 2010 and is active in the firm’s Fund III investment in Mi9 and HelpSystems, Fund II investments in Aventri, Davies Group, Integrity, FPX and Pearl, as well as Fund I investments in Innovative and MyWebGrocer. He previously was involved with the firm’s exited investments in Citadel, Hollander and hybris Software. Steven Leistner joined HGGC in 2009 and is active in the firm's Fund III investments in Nutraceutical International Corporation and Denodo, Fund II investments in Selligent and Dynata, as well as Fund I investment in iQor.
    [Show full text]
  • HGGC Agrees to Acquire Serena Software from Silver Lake: CORRECTED
    peHUB » HGGC agrees to acquire Serena Software from Silver Lake: CORRECTED EDITION: US User Login Register Scoops & Analysis News Digest Vox Populi Wire Signup Marketplace Groups Members Videos Events Jobs HGGC agrees to acquire Serena PEHUB Software from Silver Lake: Community CORRECTED Join the 12489 members of peHUB to make connections, share your opinion, and follow MARCH 10, 2014 0 BY CHRIS WITKOWSKY FOLLOWERS your favorite authors. COMMENTS MORE POSTS FRIENDS (8) HGCC HGGC has agreed to acquire Serena Software, which provides IT application development and deployment solutions, from Silver Lake Partners. HGGC will acquire the company in partnership with the company’s founder Doug Troxel. Credit Suisse worked as financial advisor to HGGC and is providing financing for the deal. Press Release HGGC, a leading middle market private equity firm, today announced that it has signed a definitive agreement to acquire Serena Software, the largest independent provider of IT application development and deployment solutions, in partnership with the company’s founder, Doug Troxel. Headquartered in San Mateo, California, Serena’s solutions help nearly one million users in more than 2,500 global organizations streamline their IT processes to deliver applications faster, improve IT service performance and reduce IT costs. The Company’s clients include some of the largest brands in banking & finance, insurance, http://www.pehub.com/2014/03/hgcc-agrees-to-acquire-serena-software-from-silver-lake/?utm_source=dlvr.it&utm_medi... peHUB » HGGC agrees to acquire Serena Software from Silver Lake: CORRECTED aerospace & defense, business services, communications & media, government, healthcare, retail and technology. Serena Software has nearly 500 employees in 14 countries and recorded revenues of more than $200 million in fiscal year 2013.
    [Show full text]
  • How Steve Young, Sports Legend, Mastere...King
    12/4/2015 How Steve Young, sports legend, mastered dealmaking - Silicon Valley Business Journal From the Silicon Valley Business Journal: http://www.bizjournals.com/sanjose/print-edition/2013/07/12/how-steve- young-sports-legend.html How Steve Young, sports legend, mastered dealmaking SUBSCRIBER CONTENT: Jul 12, 2013, 3:00am PDT Coming up on Christmas Eve 2011, former Super Bowl MVP quarterback Steve Young found himself fighting traffic out of Silicon Valley, driving north to persuade the founder of a software company to give up control of the business he’d spent 33 years building. For Young, the negotiation to acquire Emeryville, Ca.-based library data company Innovative VICKI THOMPSON Interfaces from founder Jerry Kline wrote Steve Young, former 49ers star, tells the inside another chapter in his post-football evolution story of his education as a businessman into a dealmaker. It also illustrated Young’s value to private equity firm HGGC, which he co-founded in 2007. “That was the meeting to get Jerry to actually agree to let us do the work and give us exclusive rights,” Young said in an exclusive interview. “That’s a tough signature to get.” HGGC and Young quietly nailed the deal, notching another investment for its first, $1.1 billion fund. HGGC, based in Palo Alto, plans to begin raising its second fund of about $1 billion this fall. In an era when private equity firms hire marquee names to outshine the competition, it’s tempting to think Young’s celebrity is his primary contribution at HGGC. But interviews with Young — who for the first time shared the whole http://www.bizjournals.com/sanjose/print-edition/2013/07/12/how-steve-young-sports-legend.html?s=print 1/6 12/4/2015 How Steve Young, sports legend, mastered dealmaking - Silicon Valley Business Journal story of his post-football career with Silicon Valley’s heaviest hitters — tell a different story.
    [Show full text]
  • TCF LONG-TERM POOL FACTS Annualized Performance, Net Of
    The TCF Long-Term Pool seeks long-term (10+ years) capital appreciation sufficient to preserve and enhance real, inflation-adjusted grantmaking power. Specifically, the return objective of this pool is CPI (inflation) + 5% (the Foundation’s annual distribution rate). This pool is constructed to reduce public market volatility through diversification and enhance returns through private investments. The Foundation maintains a disciplined process, regardless of market fluctuations, to ensure the long-term viability of its invested assets. This approach has proven prudent and sound over time. TCF LONG-TERM POOL FACTS All Endowed funds Eligible fund types Non-endowed funds of $100,000+ Investment Strategy: Investment time horizon 7+ Years » Construct a well-diversified portfolio able to achieve its return objective during a variety US Equity of economic and market conditions. 4% 14% Non-US Equity » Allocate majority of the portfolio to asset 35% Global Equity classes with high long-term returns (equity). Strategic asset allocation 15% Private Equity » Allocate some portion of the portfolio to a 8% Hedge Funds 24% diversified mix of private equity and hedge Fixed Income funds to provide strong absolute returns with less correlation to the public markets. Crewcial Partners, LLC (formerly Investment advisor known as Colonial Consulting, LLC) » Avoid attempts to predict short-term market www.crewcialpartners.com behavior with market timing strategies. » Invest with world class managers that Managers 80% Active | 20% Passive balance risk, return, and liquidity. 0.15% Advisor fees » Manage costs, incurring only those that are 0.97% Estimated expense ratio 0.02% Custody fees appropriate and reasonable in relation to Total 0.80% Manager fees the invested asset.
    [Show full text]
  • Global Outlook & Review
    The 2016 Global Outlook & Review Dow Jones Private Equity Analyst • Dow Jones Private Equity News The 2016 3 Global Outlook & Review To the Reader From the Desk of LAURA KREUTZER when we published the first edition of what has become our annual outlook In late 2006, supplement, the private equity industry was deep in the biggest buyout boom in its history. With the publication of the 10th edition of this supplement, some aspects of the market bear an eerie resemblance to those days. Debt is cheap. Deals are not. Firms that can point to a solid track record have been able to raise funds with relative ease. Those in the midmarket, in particular, can often raise amounts that are considerably larger than their prior offerings. But many limited partners remember all too well the carnage that followed the excesses of the 2006 and 2007 boom years. No doubt, memories of the difficult period that followed the boom contributed to the faint current of caution that appears to have crept back into limited partner mindsets as 2015 drew to a close. Whether LP concern will translate into a slower fundraising year in 2016 remains to be seen. Over the years, this supplement often has tried to tap into our inner psychics to pinpoint future trends. We weren’t always right in our predictions for the year to come. Back in 2006, for example, several members of our editorial team predicted private equity fundraising would level off or even slow down in subsequent years so general partners could digest all of the money they raised in 2006.
    [Show full text]