Wednesday, March 8, 2017
BREAKING THE PRIVATE EQUITY GLASS CEILING: WHY WOMEN INVESTING IN WOMEN-LED FIRMS IS THE ANSWERThe number of senior-level women in private equity and venture capital has barely budged in the last ten years. But, we may be on the verge of a game-changing transformation of the industry, as more women-owned firms are being started, and more women are becoming allies in the capital formation process. In a new Wednesday morning workshop, we'll examine this promising development from both the limited partner and the general partner perspective. We'll explore how women are supporting other women either by representing their institution or by investing as a GP or individual in funds as first investor (hey – "it's what the guys do"). We'll take a close look at the elements to consider as an investor, from assessing the brand, to legal considerations, to using your network to identify the next great fund. Join us to discuss the successful launch of women-owned funds and how to decide if you should be the one to provide "social proof" with that first check.
- 2017 Women's Private Equity Summit Golf Tournament — Nine-hole; best-ball tournament; beginners welcome
- Golf Clinic for Beginners — A "green" social networking event
- Wine Education Session: "Tips From the Vintners" — Listen and learn; swirl, sniff, sip and socialize
- Coastal Walk — Enjoy a 90-minute walk overlooking the spectacular coast alongside the hotel property
- Año Nuevo Hike and Elephant Seal Viewing — Come and see the home of Northern Elephant Seal and hike along the windswept dunes
- La Mienne From Day to Play Makeup Styling Workshop — Learn professional makeup tips from the beauty team of La Mienne
(NOTE: Shuttle bus service is available to Summit attendees staying off-property. To serve as your home away from home, our "Summit Lounge" and The Ritz-Carlton Spa will be available to Summit attendees throughout the event.)
Come join us for a festive wine tasting reception for early arrivals. Be sure to say hello to representatives of the Summit's Platinum and Gold Sponsors: The Boston Consulting Group; KPMG; Proskauer; The Abraaj Group; American Securities; Denning & Company; GCM Grosvenor; KKR; Landmark Partners; Neuberger Berman; and Valor Equity Partners.
Day One – Thursday, March 9, 2017
Get a jumpstart on networking before the Summit really gets going. Grab a coffee and croissant, take a seat in the ballroom and get to know fellow attendees in a relaxed and casual setting.
(by-invitation-only for pensions, endowments and foundations)
Facilitated by: Denning & Company, GCM Grosvenor, and Proskauer
- Beth Falk, Founder and Managing Director, Women's Private Equity Summit; President, Falk Marques Group LLC
THE CHALLENGE OF MEETING RETURN EXPECTATIONS: WHERE CIOs ARE LOOKING FOR ANSWERSThe past few years have not been kind to chief investment officers. Low interest rates, stock market volatility and hedge fund struggles have all led to lackluster returns. Can this trend be reversed, or is it simply the new normal? Can private equity, venture capital and real estate provide any significant help? Are riskier strategies the way to go? Our panel of CIOs provides insight into these important questions.
INVESTING SUCCESSFULLY: INSIGHTS ON WHAT WORKS AND WHAT DOES NOTWhen it comes to investing in private equity, limited partners really want one thing: significant investment returns. Achieving that aim, though, is easier said than done, given valuations, competition and global uncertainty. Our panelists give their perspective on how they and their firms approach investments, both prior to the deal and afterwards, and how they see that process being effected in 2017.
A LOOK AHEAD THROUGH THE LENS OF A 30-YEAR PE CAREER: AN INTERVIEW WITH SANDRA HORBACH, MANAGING DIRECTOR AND CO-HEAD OF CARLYLE'S U.S. BUYOUT GROUPSandra has long been one of private equity's top consumer investors, with involvement in such companies as Yankee Candle, Dunkin' Brands, Beats Electronics and Vogue International. Appointed last year to co-head Carlyle's U.S. Buyout Group, Sandra sits down with KPMG San Francisco Managing Partner Deborah M. Messemer to give her perspective on the deal environment, what she looks for in acquiring a company and how the PE industry has evolved over the past three decades.
SPOTLIGHT ON PRIVATE EQUITYLooking Ahead: Can the Industry Keep LPs Happy?
A frothy stock market and increased competition for deals are seen as trouble for PE returns, but is that a legitimate view? Our panel dives into what's ahead for the industry and for LPs who have become as active making co-investments as they have investing in funds.
SPOTLIGHT ON VENTURE CAPITALThrough the Eyes of LPs and VCs: What's Next for the Industry …
The days of the unicorn, where it seemed like every other venture-backed company achieved a $1-billion valuation, are over. With few IPOs and choosy corporate buyers, VCs are proceeding more cautiously. They are backing fewer companies and working to keep valuations in check. What does this change mean for existing companies? And, will VCs run the risk of missing out on the-next-great company? Our panel gives its view of the industry, where it may be headed and how LPs are thinking about it.
SPOTLIGHT ON SECTORS OF OPPORTUNITYThe Secondary Market Evolves: What It Means for LPs and GPs
The secondary market has become a key part of the private equity and real estate sectors, illustrated by the record amount of capital that has been invested in the segment. It is also a sector that continues to change, adjusting to the factors affecting the private equity and real estate industries: fluctuating valuations, a tepid IPO market and a desire by LPs to be more active and have fewer managers. Our panelists offer insight into pricing, deal flow, how they are utilizing the secondary market, and what lies ahead.
SPOTLIGHT ON GLOBAL INVESTINGAsia: Will the Push to Invest Capital Lead to Trouble?
Asia private equity funds are sitting on more than $150 billion of dry powder. With active corporate buyers and economic uncertainty, firms have struggled to put capital to work. Will that change? Do firms need to shift their approach or move toward smaller transactions? And, what do LPs want? Hear from veterans of the Asia private equity and venture capital scene as they give their view of the sector and where it is headed.
SPOTLIGHT ON REAL ESTATEThe View From Abroad
The United States has been the place to be for foreign investors – in terms of both real estate deals and funds. Will that attention continue given the economic uncertainty in Europe and in China? Our panelists give their perspectives on what they are doing or are seeing international GPs and LPs do.
SPOTLIGHT ON THE FIRMThe Brand: Are You Putting Your Firm in the Best Light?
Transparency has become a key word in the private equity and venture capital industry. Firms have to think harder about not only the information they are sending out but their image as well, including the look and feel of their website and other digital platforms. The panelists will discuss their approach to brand building and suggest what firms need to be thinking about.
SPOTLIGHT ON PRIVATE EQUITYAdding Value: What's Possible in 2017?
Every private equity firm says it: "We add value to our portfolio companies." But, what does that really mean, especially in an environment where firms are often buying companies that have been in existence for a while or were perhaps owned by a private equity firm or two? Our panelists discuss the approach that their firms are taking to generate value within their portfolio companies and some of the ways they are doing it, including through acquisitions.
SPOTLIGHT ON VENTURE CAPITALThe Hunt for Innovation: Where Will It Lead?
Seemingly every day brings forth something that will change our lives, either immediately or in the not-so-distant future. That has VCs, private equity funds, corporations and mutual funds scouring the landscape for the next great thing. Our panel tells us what's getting them excited and what they expect to see in the coming months and years.
SPOTLIGHT ON SECTORS OF OPPORTUNITYThe Bank Retreat: Will PE Firms Find Success in Filling the Debt Void?
The roles of private equity firms and banks used to be relatively simple. The PE firms made equity investments, while the banks were focused on lending. But, that dynamic has been changing as banks – under intense scrutiny and heavy regulations – are making fewer loans. That, in turn, has presented PE firms with an opportunity to enter the direct lending business. But, with opportunities also come risks. Our panel discusses how they and others are trying to both respond to a need and generate returns.
SPOTLIGHT ON GLOBAL INVESTINGAfrica: Will LP Confidence Be Rewarded?
Institutional investors have shown a growing fondness for Africa private equity, pouring $16.2 billion into funds between 2010 and 2015. However, firms are struggling to put that capital to work, owing to currency, valuation and economic issues. That, in turn, is raising questions about how capital will ultimately be deployed and whether LPs will see the returns that they are seeking. Our panel shares their perspective on the outlook for investing and exiting in Africa.
SPOTLIGHT ON REAL ESTATEWhat Are LPs Seeking and Can GPs Deliver?
Real estate investors managed in recent years to exceed the return expectations of LPs. But, can that continue and do LPs expect it to continue? Our panel presents its view on the sector, the factors affecting deal-making and exiting, and where they see returns and the LP-GP relationship headed.
SPOTLIGHT ON THE FIRMInto the Spotlight: How to Be a Successful Public Director
For many VC and PE professionals having a portfolio company go public used to mean it was time to give up their board seat. That view, however, is changing as the IPO becomes a financing event rather than a liquidity exit. Our panel delves into the issues would-be public board members need to think about, including liability issues, liquidity options and limitations, crisis situations, and, in some cases, the glare of the media spotlight.
WORKSHOP IFundraising Terms in '17: Insights Into the LP-GP Dialogue
WORKSHOP IIThe Key Risk Issues Facing PE Firms and How to Handle the Challenge
WORKSHOP IIIHeading Out to Raise a Fund? LP Insights That Managers – Emerging or Otherwise – Must Know Before Hitting the Trail
WORKSHOP IVActing on the Digital Imperative
CAPITALIZING ON THE NEW GOLDEN AGE IN PRIVATE EQUITY
BECOMING A LEADER: WHAT DOES IT TAKE?The term "Leadership" is used frequently within the private equity and venture capital industry and is described as crucial to the success of investments and, of the firm, itself. But, what exactly does it take to become a leader? What must they show or overcome to earn a title or, more importantly, the respect of their colleagues? These industry veterans give their perspective on leadership and discuss their own climbs to key roles.
Day Two – Friday, March 10, 2017
- Yoga to Start the Day; Led by Jenny P. Chen, Principal, Jasper Ridge Partners (Miramar I, 1st Floor)
This is a power vinyasa flow class that couples flowing heart opening poses with upbeat music. The yoga is high intensity and suitable for all levels with modifications for beginner students.
- Pilates Core Stretch; Led by an instructor from The Ritz-Carlton (Miramar II, 1st Floor)
The Pilates Core Stretch class focuses on core strength and body integration with an additional focus on increasing joint strength, joint mobility and muscle flexibility through movement. The goal is to unlock better posture, greater freedom and balance of movement.
- Conscious Breathing; Led by Tina Sodhi, Partner, Triago (Miramar III, 1st Floor)
Join Tina for a workshop in which she'll show you simple and fun breathing techniques to alleviate stress and anxiety at the same time rejuvenate your mind and body. It is suitable for all levels and you can come in your work clothes as we will be sitting in chairs and doing the practice. Based on Kundalini Yoga!
(NOTE: Early morning shuttle bus service is available to Summit attendees staying off-property to facilitate participation in Friday morning's Wellness Activities. To serve as your home away from home, our "Summit Lounge" and The Ritz-Carlton Spa will be available to Summit attendees throughout the event.)
THE POWER OF STORY
THE FINAL WORD: LPs GIVE THEIR VIEW ON RETURNS, TERMS AND LIFEIn what is always a highlight of the Women's Private Equity Summit, Jill Kitazaki sits down with a group of limited partners to get their views on the industry, and what they are seeing and seeking in 2017. You'll not only learn about these LPs' thoughts on strategies and returns, but also glean insights into their lives..
* Program subject to change
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