Programme

09:00	Registration and coffee
09:50	Welcome – Summit Chair, Emily Maitlis
10:00	Introduction – BVCA chairman, Jeremy Hand
10:10	Private equity: One year on Richard Lambert, Director-General, CBI
10:20	Panel discussion: The significance of disclosure - Setting a new standard Last year, against a backdrop of record deal and fundraisings, private equity was forced to re-think its communications strategy. Many GPs appointed dedicated, in–house teams to cope with a newly activist stakeholder base, but the industry also took a unified approach: the creation of a voluntary code to address transparency and disclosure issues. This session discusses the strategies used to overcome the industry’s image problem and their relative success. Moderator: Simon Walker, Chief Executive, THE BRITISH PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION Richard Lambert, Director-General, CBI David Blitzer, Senior Managing Director, BLACKSTONE Peter Taylor, Managing Director, DUKE STREET CAPITAL Adrian Beecroft, Chief Investment Officer, APAX PARTNERS Douglas Lowenstein, President, PRIVATE EQUITY COUNCIL
11:20	Morning break and an opportunity to network
12:00	Panel discussion: Private equity and the public markets - Fundraising, Performance and Exits As we enter a less certain economic period, and the credit crunch begins to affect the real economy what impact will this have on fundraising, performance and exits? Will the combined factors of the credit crunch increased demands for transparency and more active LP investors reduce the advantages private equity firms have over public companies? Simon Walker, Chief Executive, THE BRITISH PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION Marek Gumienny, Managing Director, CANDOVER Philip Yea, CEO, 3i GROUP PLC Professor Mario Levis, Professor of Finance, CASS BUSINESS SCHOOL Jon Moulton, Founder & Managing Partner, ALCHEMY PARTNERS
12:45	Networking lunch
14:15	Breakout session
	Stream one	Stream two
	Differentiating between venture and buyouts The venture market is often left out of private equity discussions, though its influence on the economy is deemed crucial. This panel looks at the relationship between venture and private equity, the perception of venture from the point of view of LPs and GPs, and at the blurring boundary between the two Moderator: Mark Heesen, President, NATIONAL VENTURE CAPITAL ASSOCIATION Anne Glover, Co-founder & Chief Executive, AMADEUS CAPITAL PARTNERS John Holloway, Director, Investments, EUROPEAN INVESTMENT FUND Guy Fraser–Sampson, AUTHOR & COLUMNIST Ernie Richardson, Chief Executive Officer, MTI PARTNERS	New market opportunities As the UK market matures – and thus becomes more competitive and efficient – practitioners are looking elsewhere for returns. This panel discusses looking East: both to capitalise European investments and for new investing opportunities. Moderator: Katherine Woodthorpe, Chief Executive, AUSTRALIAN PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION Stephen Welton, Senior Member, CCMP CAPITAL ADVISORS Genevieve Heng, Director, CLSA CAPITAL PARTNERS Chihtsung Lam, Managing Director, AXIOM ASIA PRIVATE CAPITAL Saurabh Srivastava, General Partner, ARTIMAN VENTURES
15:00	Afternoon break and an opportunity to network
15:30	The Elusive “European” market Despite the EU’s aim of a single market, Europe remains a legislative medley of 27 countries, each with different norms for private equity to operate in. This session explores the benefits that might be gained by harmonising the industry’s backdrop Moderator: Vince O'Brien, Director, MONTAGU PRIVATE EQUITY Peter Catterall, Partner, CINVEN Javier Echarri, Secretary General, THE EUROPEAN PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION Björn Savén, Chairman & Chief Executive, INDUSTRI KAPITAL
16:15	The dearth of domestic LPs The market has attracted a loyal LP following, with existing private equity investors vying for access into the best funds. But the lion’s share of these are from overseas – what prevents more domestic investors for committing to UK private equity? Here leading investors discuss what the relative importance of the market is, allocation levels, investment preferences, co-investing, their performance expectations of the asset in the medium and long term regulatory issues Moderator: Joanne Segars, Chief Executive, NAPF Philip Paul, Founder, PAUL CAPITAL PARTNERS Peter Burns, Managing Director, COMMONFUND Rod Selkirk, Chief Executive, HERMES PRIVATE EQUITY Robert Coke, Senior Investment Officer, THE WELLCOME TRUST
17:00	Private equity and the media The public relations debate endured by the market last year and the ensuing reactions – both at the firm and industry level – made great efforts to improve the dialogue and relationship between private equity and the public. Throughout it all, one player was conspicuously absent: the media. Did the broadsheets prioritise dramatic headlines over objective reporting? Could journalists have exacerbated the debate? How well do they really understand the intricacies of the industry? Moderator: Simon Walker, Chief Executive, THE BRITISH PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION Jon Moulton, Founder & Managing Partner, ALCHEMY PARTNERS Simon Nixon, Executive Editor, BREAKING VIEWS Martin Arnold, Private Equity Correspondent, FINANCIAL TIMES James Caan, Chief Executive Officer, HAMILTON BRADSHAW Peter Montagnon, Director of Investment Affairs, ASSOCIATION OF BRITISH INSURERS
17:45	Closing remarks, Summit Chair, Emily Maitlis
18:00	Cocktail reception