APEF2012

APEF2012

421, Hong Kong Convention and Exhibition Centre

9:00 am – 9:05 am

Welcome

David Pierce, Chairman, HKVCA & CEO, Squadron Capital

9:05 am – 9:15 am

Opening Remarks

John Tsang Chun-wah, GBM, JP, Financial Secretary, HKSAR
GREATER CHINA

9:15 am – 9:35 am

Keynote:
The Role of Private Equity in China over the Coming Decade

John Zhao, Founder & CEO, Hony Capital

9:35 am – 10:15 am

Panel discussion:
How Investors Approach Private Equity in China?

  • The applicability of Qualified Foreign Limited Partner (QFLP) program to the limited partners trying to invest in China
  • Partnerships with local governments or domestic financial institutions
  • Forming joint ventures with General Partners to invest in China
  • Direct co-investment opportunities

Moderator:

Conrad Tsang, Managing Director, Baring Private Equity Asia

 

Panelists:

Alice Chow, Managing Director, Squadron Capital

Hugh Dyus, Head of Asian Private Equity, Funds of PE funds, Macquarie Funds Group

Vincent Huang, Partner, Pantheon Ventures

Eric Mason, Managing Director, The Church Pension Fund

 

 

10:45 am – 11:30 am

Panel discussion:
What do General Partners See as Threats and Opportunities in China

  • How will the wall of money being raised affect returns?
  • How are RMB funds impacting USD funds in the China market?
  • Is it possible for GPs to responsibly manage sizeable funds concurrently in USD and RMB?
  • Have regulations against offshore structuring had a significant impact on deal sourcing for USD funds?
  • What are the most attractive industries in the market? Has the time passed for cleantech and a bubble beginning in healthcare?

Moderator:

Haide Lui, Vice President, HarbourVest Partners (Asia)

 

Panelists:

Vincent Chan, CEO, Spring Capital Asia

William Ho, Partner, CVC Asia Pacific

Gabriel Li, Managing Director, Orchid Asia Group

William Shen, Senior Partner, Headland Capital Partners

Yibing Wu, President, CITIC Private Equity Funds Management

INDIA

11:30 am – 12:30 pm

Panel discussion:
What is the Role of Private Capital in India?

  • Role of private equity in India – what are the ultimate reasons of its existence?
  • Is there too much capital – in public and private markets – targeting India?
  • The case for private equity allocation to India: is public equity a better way of tapping the Indian growth story?

Moderator:

Jie Gong, Executive Director, Morgan Stanley Alternative Investment Partners

 

Panelists:

Karthik Athreya, Director , Clearwater Capital Partners

Amit Gupta, Partner, NewQuest Capital Partners

Nikhil Raghavan, Principal, Bain Capital

Naveen Wadhera, Director and Country Head, TA Associates

LUNCHEON (12:30 pm – 1:45 pm)

1:20 pm – 1:40 pm

Keynote:
The Future for Foreign Private Capital in China

Xiang-Dong (X.D.) Yang,
Managing Director and Co-Head, Carlyle Asia Partners, The Carlyle Group
SOUTH EAST ASIA

2:00 pm – 2:45 pm

Panel discussion:
Where are the Opportunities for Private Equity in Southeast Asia?

  • SE Asia markets were the darlings of the international investment community prior to the Asian financial crisis. Can these tiger economies re-emerge from the shadows of China and India?
  • How can the region offer superior private equity returns?
  • How can PE investors best access the private equity opportunity in SE Asia, given that the economic pie is fragmented into 6 major economies (the ASEAN 6)?
  • What is the impact of greater ASEAN economic integration on private equity investment opportunities?

Moderator:

Pote Videt, Managing Director, Lombard Investments

 

Panelists:

Gary Ng, Managing Director of Private Equity, CLSA Capital Partners

Josephine Price, Managing Director and Chief Investment Advisor, Chepstow Capital

Sandiaga Uno, Founding Partner and CEO, Saratoga Capital

Paul Kang, Senior Partner, Headland Capital Partners

NORTH EAST ASIA

2:45 pm – 3:30 pm

Panel discussion:
Is there a Role for Private Equity in Japan or Korea?

  • Where are the best investment opportunities?
  • Buyout has been the mainstream private equity activity in Japan and Korea. Will that continue
    or will there be a shift towards other strategies like venture capital and growth equity?
  • Global private equity funds seem to be showing less interest in Japan and Korea. Is it due to a
    lack of deals/exits or are there other reasons behind this? Would domestic GPs to dominate
    the market going forward?
  • How important are the domestic LPs as a source of capital?
  • What are the compelling reasons for LPs to increase allocations to these two markets?

Moderator:

Lucian Wu, Managing Director, Paul Capital

 

Panelists:

Brian Bunker, Managing Director, Riverside Asia Partners

Megumi Kiyozuka, Managing Director, CLSA Capital Partners (Japan) KK

Lincoln Pan, Principal, Advantage Partners

Jason Shin, Managing Partner, Vogo Capital

 

 

INDUSTRY ISSUES

3:45 pm – 4:30 pm

Panel discussion:
How are global and industry issues impacting Asian PE?

  • How are deal terms evolving in Asia?
    • Will a pan-Asian buyout market emerge like the US and European markets or will it remain fragmented?
    • What is the impact of global sponsors on deal processes and deal terms?
  • Are Asian LPs’ sentiments of PE as an asset class and specifically, EM PE changing?
  • What are Asian LPs’ returns expectations and what are the benchmarks?
  • What other global trends (i.e., regulations, financial issues, etc.) are impacting Asian PE?

Moderator:

Marcia Ellis, Partner, Ropes & Gray

 

Panelists:

Sarah Alexander, President & CEO , Emerging Markets Private Equity Association

Anouk C. van der Boor, Managing Director, Cambridge Associates

Joseph Ferrigno, Founder and Managing Partner, Asia Mezzanine Capital

Danny Lee, Managing Director, Bain Capital

CLOSING

4:45 pm – 5:05 pm

Keynote- The Future of Private Equity in Asia

Ming Lu, Partner, KKR Asia

5:05 pm – 5:15 pm

Closing Remarks

David Pierce, Chairman, HKVCA & CEO, Squadron Capital
5:15 pm COCKTAILS        S221, Hong Kong Convention and Exhibition Centre

John Tsang Chun-wah, GBM, JP
Financial Secretary, HKSAR

Mr Tsang spent his secondary school years in La Salle College in Hong Kong and Stuyvesant High School in New York City. He pursued his interest in architecture at the Massachusetts Institute of Technology, and went on to receive a Master Degree in Bilingual Education from Boston State College and a Master Degree in Public Administration from Harvard University’s Kennedy School of Government.

Mr Tsang worked in the Boston Public Schools prior to joining the Hong Kong civil service in November 1982. As a member of the Administrative Service, he served in a number of posts, including Administrative Assistant to the Financial Secretary, Assistant Director-General of Trade and Private Secretary to the Governor.

Mr Tsang served following reunification in a number of different capacities, including Director General of the London Economic and Trade Office, Commissioner of Customs and Excise, Secretary for Planning and Lands and Permanent Secretary for Housing, Planning and Lands (Planning and Lands).

Mr Tsang was appointed Secretary for Commerce, Industry and Technology in August 2003, and with the successful conclusion of the World Trade Organization Ministerial Conference in Hong Kong that he chaired in December 2005, he was appointed Director of the Chief Executive’s Office in January 2006. He was appointed Financial Secretary in July 2007.

Sarah Alexander
President & CEO, Emerging Markets Private Equity Association

Sarah Alexander is the founding President and CEO of EMPEA, a global, non-profit association that promotes the development of the private equity and venture capital asset class in emerging markets. Comprised of 300 leading fund managers and institutional investors, EMPEA is the leading provider of authoritative information and insight into the development of and opportunities in the private equity and venture capital industry in emerging economies. Ms. Alexander speaks frequently to global audiences on the opportunities and challenges of investing in emerging markets. She is a frequent contributor to industry research and publications.

Prior to EMPEA, Ms. Alexander was a private equity investor in Asia with Emerging Markets Partnership (now EMP Global), managing private equity transactions across the region. Previously, she was with the World Bank Group, where she designed new initiatives for private sector participation in development finance. Earlier in her career, she worked with the U.S. Department of State managing international trade and financial policies, including US policy toward transition economies in Eastern Europe. She began her career as a foreign policy adviser in the U.S. House of Representatives.

Ms. Alexander received an M.B.A. from Harvard Business School, a Masters of Public Administration from Princeton University’s Woodrow Wilson School, and a B.A. in history, summa cum laude, from Emory University. She currently serves on the Board of Trustees of Meridian International Center in Washington, DC and is a member of the Bretton Woods Committee. She is a past member of the Council on Foreign Relations and has been an Adjunct Professor of finance at Georgetown University.

Karthik Athreya
Director , Clearwater Capital Partners

Karthik Athreya joined Clearwater in 2007 and is a member of the Firm’s Management Committee. Based in Mumbai, Mr. Athreya is responsible for Clearwater’s Indian investments, including overseeing the asset management team, and is involved with extensive corporate finance and equity monetization strategies. As part of his asset management responsibilities, Mr. Athreya oversees growth, organization and business building strategies for Clearwater’s portfolio companies in India. In this capacity he sits on the Board of several companies and works closely with sponsors and management to evaluate strategic and financial opportunities and risks. Prior to joining Clearwater, Mr. Athreya was a Director of Investment Banking at a private sector bank in India where he assisted in the establishment of the investment banking business. Prior to this, he held positions of increasing responsibility at Rabo India Finance Pvt. Ltd (the corporate investment banking subsidiary of Rabobank Netherlands), Arthur Andersen and PricewaterhouseCoopers.

Mr. Athreya is a member of the Institute of Chartered Accountants of India and holds a B.Com. (Commerce) degree from Loyola College, Chennai, India. Mr. Athreya is fluent in English, Hindi and Tamil.

Brian Bunker
Managing Director, Riverside Asia Partners

Brian is responsible for helping Riverside’s worldwide portfolio companies devise and execute their Asian commercial, sourcing and acquisition strategies.

Prior to Riverside, he had five years at Danaher serving in various senior executive positions providing strategic direction and business development of 22 companies, 7,300 associates and 17 plants throughout China, including President, Danaher China and Managing Director of Asia-Pacific subsidiary, Gilbarco Veeder-Root; Six years at Moen, Inc., including President, Moen International and Regional Vice President, Asia; General Manager and Board Director, China and Hong Kong – International Distillers & Vintners (Grand Met); General Manager – Grolier International, Taiwan, a wholly owned American subsidiary of MATRA-HACHETTE; eight years in the British Army stationed in Hong Kong, West Germany, North Ireland and South Korea

Brian holds a BA, Modern Languages, with honours – King’s College, University of London; Royal Military Academy Sandhurst Commissioning Course; UK Chartered Director. Brian speaks native English (UK), fluent in French, Italian, Mandarin Chinese, Nepali and Spanish.

Vincent Chan
CEO, Spring Capital Asia

Vincent is the CEO of Spring Capital. Spring Capital is an early growth private equity investor in China, currently manages a US$250m PRC fund and operates offices in Hong Kong, Shanghai and Suzhou. The primary focus is on early growth low mid-market. The average investment size is US$5-30 million.

Vincent has 20 years of experience in private equity, and has made over 40 investments in growth companies in China since he began investing there 18 years ago. Vincent was previously a Managing Director and an Investment Committee Member of JAFCO Asia, serving as the Co-head of the Asian private equity funds.

Prior to JAFCO Asia, Vincent was a private equity investor with Suez Asia and HSBC Private Equity (Asia) based in Hong Kong. Vincent commenced his professional career in Standard Chartered’s corporate finance division there.

Vincent received a B.A. from the University of Hong Kong in 1986 and an MBA from the Manchester Business School in 1988 and also obtained a CFA charter in 1993. He is currently the Co-President of the Hong Kong Venture Capital and Private Equity Association (Chairman 2005/06), a member of the Main Board and GEM Listing Committee of the Hong Kong Stock Exchange, a member of the Public Shareholders Group of the Hong Kong Securities and Futures Commission, a member of the Disciplinary Panel of the Hong Kong Institute of Certified Public Accountants and a Director of the Manchester Business School Leadership Board. Vincent was the Membership Chair of the Young Presidents’ Organization’s Beijing Chapter (2007/08).

Vincent was named a Top 10 Venture Capitalist in China by Zero2IPO in 2002, 2003, 2004 and 2006. Vincent was also selected as one of the 10 “Most Influential Venture Capitalists in China” by Top Capital in 2005 and one of the “China Best Venture Capitalists: Midas List” by Forbes Magazine in 2006 – 2010
.

Alice Chow
Managing Director, Squadron Capital

Ms. Chow joined Search Investment Group in 2002, left in late 2004 to assist the chairman of a public-listed company in Hong Kong set up his private investment office, and rejoined the Group in early 2006. Previously, she was with QED Global Limited, a Hong Kong-based technology and media ventures company, which she joined following work as an Engagement Manager with McKinsey & Company, the international business strategy consulting firm, in New York. Ms. Chow started her career in cardiovascular research with Genentech, Inc.

Ms. Chow holds an MBA from Stanford University and a BA in Molecular Biology from the University of California at Berkeley, where she was Phi Beta Kappa. Ms. Chow speaks Cantonese and Mandarin Chinese.

Hugh Dyus
Head of Asian Private Equity, Funds of PE funds, Macquarie Funds Group

Hugh Dyus is a Managing Director and is responsible for the overall management of the Asian business of Macquarie Investment Management Private Markets (“MIMPM”). Hugh has over 20 years of M&A and private equity experience in the Asia Pacific region, initially as a Director of CCF Charterhouse (Asia) Ltd, where he was responsible for the establishment and development of their Asian M&A advisory business, then as a Director of PPM Ventures, the direct private equity arm of Prudential plc, where he was engaged in deal origination, execution and portfolio management activities, and since April 2006 as Head of MIMPM’s Asian business and investments. During his time with PPM Ventures, Hugh, in his capacity as Chairman of the Board of Directors, led the restructuring and turnaround of a troubled portfolio company, Global Brands Company Inc. Prior to moving to Asia in 1991, Hugh worked in London for CCF and Chase Investment Bank focusing on the origination and execution of UK and cross-border European M&A transactions. Hugh holds a Masters in Business Administration and a Bachelor of Economic Science from the University of the Witwatersrand, South Africa.

Marcia Ellis
Partner, Ropes & Gray

Marcia focuses her practice on M&A and private equity transactions involving companies and assets located in Asia. Fluent in both written and spoken Chinese, Marcia has practiced in Asia since 1996. Prior to joining Ropes &
Gray in 2011, Marcia was the Chief Legal Officer for Asia of the D. E. Shaw group, where she assisted various group entities in making, restructuring and exiting investments in various countries in Asia, including a number of
significant and highly structured investments in China and India.

Prior to joining the D. E. Shaw group, Marcia was a partner in the Hong Kong office of a major international law firm, where her clients included Morgan Stanley Principal Investments, Avenue Capital, and RREEF (the real estate
investment management business of Deutsche Bank’s asset management division). After law school, Marcia clerked for Judge Kimba M. Wood of the Federal District Court of the Southern District of New York.

Joseph W. Ferrigno III
Founder & Managing Partner, AMCG Partners

A pioneer in infrastructure development and financing, investment
management and banking in the Asia region, he is currently involved
principally with direct investment fund management for medium-sized
businesses in Asia in a variety of industries including infrastructure,
energy, telecom and niche manufacturing. He was head of the
International Project Advisory Group of Lehman Brothers Kuhn Loeb,
and also served in Hong Kong with the Bechtel Group and Prudential
Financial of the United States; and earlier in New York and London
with the Chase Manhattan Bank and Bankers Trust Company.

In 1985, Ferrigno formed the New Hong Kong Tunnel Consortium, which members included Kumagai Gumi Company of Japan and China International Trust and Investment Corporation.

The Consortium was awarded the franchise, financed, built and operated the US$500 million Hong Kong Eastern Harbour Crossing, the first BOT project in Asia. In 1996, he organized the first mezzanine capital fund in Asia, the US$246 million Asian Infrastructure Mezzanine Capital Fund, sponsored by Prudential Financial and the Asian Development Bank. He previously
initiated the US$780 million Asian Infrastructure Fund, the first of its kind, sponsored by Peregrine Capital, the ADB, the IFC, Frank Russell & Co. and the Soros Group.

Ferrigno is a graduate of the Wharton School and is the Founding President of the Wharton Club of Hong Kong. He is a member of the Hong Kong Forum (associated with the Council on Foreign Relations in New York), the Hong Kong Club, the Royal Hong Kong Yacht Club, the
Shek O Country Club, the Stonington Harbor Yacht Club and the New York Yacht Club.

Jie Gong
Executive Director, Morgan Stanley Alternative Investment Partners

Ms. Gong is a Portfolio Manager at Morgan Stanley Alternative Investment Partners and a member of the global investment committee of its private equity fund of funds group. She leads the Asian buyout and growth capital fund investment and co-investment activities from Hong Kong. Prior to joining Morgan Stanley AIP, Ms. Gong was a vice president in leverage finance with JPMorgan Hong Kong. Before that she was with the International Finance Corporation, the private sector investment arm of the World Bank Group in Washington, DC, where she executed debt and equity investments. Prior to that, Ms. Gong was an investment banker in leverage finance and corporate finance at JPMorgan New York and London.

Amit Gupta
Partner, NewQuest Capital Partners

Amit heads India business for NewQuest and overseas investments in power and financial services sectors in the Asia Pac region. He is also the Chief Operating Officer of the NewQuest group. Amit has about 11 years of industry experience. Most recently, he was a Director at BAML’s Asia Private Equity group where he led the India business and oversaw investments the power and financial services sectors across Asia Pacific. Amit has also served in other roles in BAML, including the Corporate Principal Investments team in Hong Kong and in IBK team based in Mumbai. Amit has an MBA from IIM Bangalore and an undergraduate degree in electrical engineering from REC Kurukshetra.

William Ho
Partner, CVC Asia Pacific

William Ho is responsible for investments in Greater China, joined CVC Asia Pacific in 1999, having previously worked at Citigroup’s Asia Private Equity investment group focusing on China and South East Asia. William holds an MBA from the University of British Columbia in Canada and is a Chartered Financial Analyst.

Vincent Huang
Partner, Pantheon Ventures

Vincent is a senior member of Pantheon’s Asian investment team and is
involved in all aspects of Asian investment activity, with a particular
focus on China and India. He is a member of the Asia investment committee as
well as global co-investment committee, and oversees Pantheon’s direct
investment activities in Asia. He is responsible for deploying over US$700m
in leading private equity funds in Asia and sits on over 10 advisory boards
of prominent funds such as Hony Capital, Baring Asia, and TPG Asia.

Prior to joining Pantheon in 2004, Vincent was the Chief Representative for
AIG Investment Corporation in Shanghai, where he was responsible for the
firm’s direct investment activities in China for more than three years.
Vincent has also worked as an investment banker for 7-8 years at Merrill
Lynch and Schroders, all based in China. Vincent received a BA in Finance
from Shanghai University of Finance and Economics. He is fluent in English
and Mandarin.

Vincent Huang
Partner, Pantheon Ventures

Vincent is a senior member of Pantheon’s Asian investment team and is
involved in all aspects of Asian investment activity, with a particular
focus on China and India. He is a member of the Asia investment committee as
well as global co-investment committee, and oversees Pantheon’s direct
investment activities in Asia. He is responsible for deploying over US$700m
in leading private equity funds in Asia and sits on over 10 advisory boards
of prominent funds such as Hony Capital, Baring Asia, and TPG Asia.

Prior to joining Pantheon in 2004, Vincent was the Chief Representative for
AIG Investment Corporation in Shanghai, where he was responsible for the
firm’s direct investment activities in China for more than three years.
Vincent has also worked as an investment banker for 7-8 years at Merrill
Lynch and Schroders, all based in China. Vincent received a BA in Finance
from Shanghai University of Finance and Economics. He is fluent in English
and Mandarin.

Paul Kang
Senior Partner, Headland Capital Partners

Paul Kang, Senior Partner, Head of Southeast Asia, and a member of Headland’s Private Equity Funds’ Investment Committees. Paul joined Headland in 1996 and currently oversees Headland’s Southeast Asia investment activities in which capacity he has lead transactions with a total value of over USD600 million in the region. Prior to joining Headland, Paul worked in London and Hong Kong for KPMG in their financial services audit division. He has also had experience managing control transactions at the PAMA Group, another mid-market private equity firm, as well as structured debt and acquisition financing while at GE Capital. Paul holds an LLB from the University of Manchester and is a member of the Institute of Chartered Accountants in England and Wales.

Megumi Kiyozuka
Managing Director, CLSA Capital Partners (Japan) KK

Megumi Kiyozuka has been leading the investment activities and currently serving as a board member of a portfolio company.

Prior to joining CLSA Capital Partners, he was a Director focused on Japanese buyout opportunities in the consumer, healthcare, and industrial sectors with Carlyle Group in Tokyo. During his time as Senior Manager at the Bank of Tokyo-Mitsubishi, he has accumulated over 10 years of experience in M&A and syndicate loans across various countries in Asia.

He holds B.A. in economics from Shiga University and an M.B.A. from Haas School of Business, University of California at Berkeley.

Danny Lee
Managing Director, Bain Capital Asia, LLC

Mr. Lee joined Bain Capital in 2006. He is a managing director and head of the Shanghai office for the private equity team. He is responsible for sourcing and leading the execution of transactions, covering consumer retail, healthcare, and chemicals sectors in China. He executed the first two investments and their successful exits in China for Bain Capital, the
listing of GA Pack (468 HKSE) and trade sale of Feixiang Chemicals. Mr. Lee currently serves on the board of GA Pack and Feixiang Chemicals. Previously, Mr. Lee was with the Asian private equity arm of Sweden’s Investor AB, one of the largest industrial holding companies in the Nordic region. He executed investments in the Asia Pacific region in both growth capital and controlled investments with a focus on Greater China. Prior to that, he was with Lehman Brothers Investment Banking in New York and Hong Kong. Mr. Lee has a BA in economics from Columbia College and is a Chartered Financial Analyst.

Gabriel Li
Managing Director, Orchid Asia Group

Prior to rejoining Orchid Asia, Mr. Li was a Managing Director at the Carlyle Group in Hong Kong, overseeing Asian technology investments. From 1997 to 2000, he was at Orchid Asia’s predecessor, where he made numerous investments in China and North Asia. Previously, he was a management consultant at McKinsey & Co in Hong Kong and Los Angeles. Mr. Li is on the board of Ctrip.com International (NASDAQ: CTRP), the largest travel reservation services company in China.

Mr. Li graduated summa cum laude from the University of California at Berkeley, earned his M.S. from the Massachusetts Institute of Technology and his M.B.A. from Stanford Business School.

Ming Lu
Partner, KKR Asia

Ming Lu (Hong Kong) joined KKR in 2006 and is a Member of the Firm. He has played a significant role in the investments in BIS, MMI, Unisteel and Masan Consumer Corporation. He currently sits on the board of directors of BIS, MMI, Unisteel Technology Limited and Masan Consumer. He is also a member of KKR Asia Portfolio Management Committee and KKR China Growth Fund Investment Committee. Mr Lu was previously a Partner at CCMP Capital Asia (formerly J.P. Morgan Partners Asia (“JPMP Asia”)). While with JPMP Asia, he was involved in the acquisition of Mando Corporation, a leading auto components manufacturer in Korea, and was also involved in a number of other auto, industrial and consumer product deals. Prior to joining JPMP Asia in 1999, Mr. Lu worked for Lucas Varity, a leading global automotive component supplier for two years. From 1993 to 1997, Mr. Lu worked for Kraft Foods International Inc. From 1985 to 1993, he worked for CITIC, the largest direct investment firm in China. Mr. Lu received a B.A. in Economics from Wuhan University of Hydroelectrical Engineering in China and an M.B.A. from University of Leuven in Belgium.

Haide Lui
Vice President, HarbourVest Partners (Asia)

Haide Lui joined HarbourVest’s Hong Kong-based subsidiary in 2007. Haide covers partnership investments in Asia Pacific and emerging markets, with a focus on Greater China and the North Asia region. Haide joined the Firm from Morgan Stanley in Hong Kong, where she advised Asian corporates on financing solutions in the public markets. Her clients at the time included Agile, Mengniu, Shimao, and China Construction Bank, amongst others.

Haide received a BA (Honors) and an MA (Honors) in Natural Sciences, both from the University of Cambridge. She speaks fluent Mandarin, Cantonese, and English.

Eric Mason
Managing Director, The Church Pension Fund

Mr. Mason joined the Church Pension Fund in March of 2009 as the head of Fund’s new Asian office based in Hong Kong. He has responsibility for the Fund’s investment across all asset classes with a focus on private equity, real estate and hedge funds. Mr. Mason and his team will assist the investment team in the US to source new investments and monitor existing ones. Prior to joining the Fund, Mr. Mason was the head for the Carlyle Group’s Asia Leverage Finance fund and Asian regional head for JPMorgan’s Syndicated & Leveraged Finance. In these roles, Mr. Mason has developed extensive experience in structuring, underwriting and investing in private equity transactions. Mr. Mason first went to Asia in 1990 to teach in China with Princeton-in-Asia and also worked in Washington for Senator Bill Bradley. Mr. Mason received a B.A. in International Relations and Economics the University of Delaware and earned a Masters in International Affairs from Columbia University’s School of International and Public Affairs. Mr. Mason speaks Mandarin Chinese.

Gary Ng
Managing Director of Private Equity, CLSA Capital Partners

Mr. Ng joined CLSA Capital Partners in 2000 and has over 15 years’ experience in finance and private equity. He has been responsible for a number of investments in India and South-East Asia and participated in a number of transactions in China, Korea, India and South-East Asia. He currently oversees the South East Asia and South Asia investments. Prior to CLSA Capital Partners, he was with PricewaterhouseCoopers for close to 4 years. Mr. Ng received his Bachelor of Accountancy from Nanyang Technological University in Singapore and is a Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA). He actively volunteers as a Board Member and Exco Member of CFA Singapore.

Lincoln Pan
Principal, Advantage Partners

Lincoln PAN Lin Feng is a principal of Advantage Partners and joined the firm in 2007 to help support the firm’s expansion outside Japan. He is currently a director and one of the responsible investment professionals for GST Autoleather, Inc. and Qin Jia Yuan Media Services Ltd. Prior to joining Advantage Partners, he was an executive director and senior vice president of GE Capital Asia, responsible for Asian M&A and strategy for the private equity, structured finance (including project financing and industrial equipment financing businesses) and special situations businesses in Asia. Mr. Pan also had been a senior management consultant with McKinsey & Company where he spent 6 years with the New York, Hong Kong and Beijing offices. He has qualified to practice law in the state of New York and has worked with the international law firm Simpson Thacher & Bartlett. Mr. Pan holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts, magna cum laude from Williams College

David Pierce
Chairman, HKVCA &
CEO, Squadron Capital

David Pierce has worked in East Asian business, investment management and private legal practice for more than 25 years, based at various times in Beijing, Hong Kong, Shanghai, Singapore, Taipei and Tokyo.  He is currently Chief Executive Officer of Squadron Capital, an Asia-focused fund of private equity funds manager that is a member of Search Investment Group of Hong Kong.

Prior to joining the Search Investment Group in 2001, Mr. Pierce was a partner in an international law firm and prior to that was president of a China-focused private equity firm.  Mr. Pierce is a member of the LP advisory committees of several private equity funds, of the US State Department’s Advisory Committee on International Economic Policy and of the board of ACCION International, the global not-for-profit microfinance organization.

Mr. Pierce holds an LLM from the London School of Economics, a JD cum laude from Harvard Law School and a bachelor’s degree summa cum laude from Dartmouth College. He is a member of the California and New York bars.

Josephine Price
Managing Director and Chief Investment Advisor, Chepstow Capital

Prior to Chepstow Capital, Josephine was with CLSA Capital Partners for 13 years where she co-founded CLSA’s pan-Asian private equity platform. From 1995 to 2008 she was Managing Director and Deputy CEO of CLSA Capital Partners, and product head for the pan-Asian Growth and Expansion Capital team. She led a team of professionals based in Hong Kong, Singapore, Beijing and Mumbai in a series of deals and funds.

Josephine was involved in all aspects of the business from setting up the investment process, investment strategy, deal due diligence, negotiation and structuring, post investment monitoring, exit management, investment committee, fund management and investor relations.

She is a graduate of the University of Kent at Canterbury and a member of the Law Society of England & Wales, and Hong Kong.

Nikhil Raghavan
Principal, Bain Capital

Mr. Raghavan joined Bain Capital in 2008. Prior to joining Bain Capital, Mr. Raghavan was a management consultant in Delhi, New York and Paris, where he consulted in the consumer products/retail, business services, and technology industries. Mr. Raghavan also spent a number of years in the enterprise software industry and as an entrepreneur.

Mr. Raghavan received an MBA from The Wharton School of the University of Pennsylvania and a BAS in Computer Science and International Relations from Stanford University.

William Shen
Senior Partner, Headland Capital Partners

William Shen, Senior Partner, Head of Greater China, and a member of Headland’s Private Equity Funds’ Investment Committees. Prior to joining Headland in 2004, William worked at Vertex China Investment, managing its PRC private equity investments; Shanghai Industrial Holdings Limited, managing the firm’s venture capital investments; Bain & Company in the US and Hong Kong. He holds a Bachelor of Science in Economics summa cum laude and Dean’s list from Wharton and an MBA from Stanford University with a concentration in strategy and venture capital investments. William is currently also the Vice Chairman of Yonghui Superstores Company Limited listed on Shanghai Stock Exchange (601933) and Non-Executive Director of Bosideng International Company Limited listed on The Stock Exchange of Hong Kong (3998).

Jason Shin
Managing Partner, Vogo Capital

Mr Jason Shin co-founded Vogo in 2005, and brings extensive experience as one of Korea’s leading M&A bankers during his years at Morgan Stanley and Credit Suisse First Boston. Mr. Shin also has significant legal experience as a lawyer with Baker & McKenzie and Kim & Chang prior to becoming an investment banker ten years ago.

Prior to joining Vogo, Mr. Shin was a managing director and the head of Morgan Stanley’s Korea investment banking group and is credited with execution of many of Korea’s landmark M&A transactions that total over $12 Bn, including the sale of Chohung Bank to Shinhan Financial Group, the sale of Korea Exchange Bank to Lone Star, the sales of Korea and Daehan Investment Trust Companies, the sale of Tong Yang Cement to Lafarge Group, the acquisition of Seoul Bank by Hana Bank, the acquisition of Daewoo Heavy Machinery by Doosan Group, the acquisition of Hyundai Investment Trust Company by Prudential Financial, and the acquisition of Internet Auction by eBay Inc.

Mr. Shin earned his JD from Boalt School of Law from University of California, Berkeley, and holds a BA with honors from Northwestern University. Mr. Shin currently holds directorships in the following companies: Tong Yang Life, Novita, and iRiver.

Conrad Tsang
Managing Director, Baring Private Equity Asia

Conrad Tsang is Managing Director of Baring Private Equity Asia. For the past 11 years since 1999, he has led or participated in 18 investments covering traditional industries such as natural resources/mining, manufacturing, automotive, education, healthcare, retail, consumer products, logistics, media, energy etc. His portfolio includes Hidili Industry, Noah Education, Minsheng Education, Galloping Horse, Pansoft and Launch Tech.

Prior to joining Baring, Conrad was with Peregrine Investment Holdings in Asian fixed income sales and marketing, and with Merrill Lynch Asia Pacific in equity research, focusing on media and retail sectors.

Conrad holds a Bachelors Degree in Electrical and Electronic Engineering, First Class Honours, Imperial College, University of London and a Masters Degree in Management Studies from University of Oxford, United Kingdom.

He is currently the Vice-Chairmen of the Hong Kong Venture Capital and Private Equity Association. He also holds the position of Chairman, PRC Committee.

Sandiago Uno
Founding Partner and CEO, Saratoga Capital

Sandiaga was born in Rumbai, Pekanbaru, Province of Riau, Indonesia on June 28th, 1969. Sandiaga is the founding partner and CEO of Saratoga Capital, a private equity firm he co-founded with Edwin Soeryadjaya in 1998. Saratoga Capital focuses its investments in natural resources and infrastructure in Indonesia and Southeast Asia. He currently holds key positions among others at PT. Adaro Energy Tbk, one of the largest integrated coal companies in Indonesia and PT Tower Bersama Infrastructure Group, one of the largest independent telecommunication tower providers. He also co-founded a boutique investment firm, PT Recapital Advisors in 1997 together with his high school friend, Rosan Roeslani.

Sandiaga is a member of the National Economic Committee (KEN) appointed by President Susilo Bambang Yudhoyono since June 2010. In January 2011, he was appointed as the General Treasurer of the Indonesian Association of Muslim Intellectuals (ICMI), a moderate Islamic Think Tank. He also founded Indonesian Social Entrepreneur Association (AKSI).

From 2004 to 2010, Sandiaga led the Micro, Small & Medium Enterprises and Cooperatives division of the Indonesian Chamber of Commerce and Industry (KADIN). Sandiaga is also a former Chairman of the Indonesian Young Entrepreneurs Association (HIPMI) from 2005-2008.

Sandiaga graduated Summa Cum Laude with a Bachelor of Business Administration from the Wichita State University in 1990 and obtained a Masters of Business Administration from George Washington University in 1992.

Anouk C. van der Boor
Managing Director, Cambridge Associates

Anouk is a Managing Director in Cambridge Associates’ Singapore office. She works with a range of clients, ncluding pension funds, foundations, endowments, government agencies and family offices across the U.S., Europe and Asia, and is responsible for building and overseeing their dedicated global real asset and private equity portfolios. Anouk works with a US pension fund to oversee its global private investments portfolio. She works with its large inhouse investment team on portfolio construction, manager selection and oversight across private strategies. She also advises several Asian institutions and a UK pension fund on their global private investment portfolios, focusing on portfolio strategy, manager selection and due diligence across geographies and strategies.

Anouk serves on the global inflation sensitive research committee at Cambridge Associates and has led over a dozen due diligence projects in that area. She also serves on the Private Investment Advisory Committee. She transferred to the Singapore office in July 2008 after having spent three years at Cambridge Associates in Boston.

Before Anouk joined Cambridge Associates in 2005, she worked at Citizens Energy Corporation where she managed the endowment fund and the affiliated investment office, developing and overseeing a portfolio of early-stage technology and life sciences investments. She was a Principal at The Parthenon Group, a Boston-based strategy consulting firm, from 1997 to 2000, and started her career at Merrill Lynch in Mergers & Acquisitions in London. Anouk graduated from the European Business School (BA Hons.) in London / Paris / Frankfurt and received an MBA from Harvard Business School.

Pote Videt
Managing Director, Lombard Investments

Pote Videt is Managing Director of Lombard Investments with primary responsibility for investments in Southeast Asia.  Lombard is a leading international private equity investment manager with offices in Bangkok, Hong Kong and San Francisco, and extensive working relationships in Manila, Ho Chi Minh City and Taipei. Formed in 1985, Lombard has made more than 90 controlling and minority investments in Asia and North America. The firm’s investors include some of the world’s largest and most respected financial institutions, major pension funds, and corporations as well as family offices in Asia, Europe and North America. Lombard backs dynamic enterprises needing equity capital for expansion, financial restructuring or management buyouts.

Prior to joining Lombard, Mr. Videt was Managing Director of CSFB responsible for Southeast Asia and Managing Director of Goldman Sachs in Hong Kong. Global Finance magazine named Mr. Videt as one of the best bankers in the emerging markets. In 1997, Mr. Videt acted briefly as Deputy Minister of Commerce in the Thai Government and subsequently served on the Council of Economic Advisors to the Prime Minister of Thailand. Mr. Videt sits on the board of several Southeast Asian companies, and is a council member of the Asian Corporate Governance Association, board member of the Emerging Markets Private Equity Association, and trustee emeritus of the Asia Society.

Mr. Videt graduated summa cum laude, Phi Beta Kappa from Yale University with a B.A. degree and holds an M.B.A. with distinction from Harvard Business School.

Naveen Wadhera
Director and Country Head, TA Associates

Naveen is Director and Country Head of TA Associates Advisory Pvt Ltd, focusing on investments in growth companies in India and other emerging markets. He is a member of the Board of Directors of Dr Lal PathLabs and Micromax. Previously, while with TA Associates in Boston and London, Naveen played a significant role in the firm’s investments in Tega Industries, Drive Assist, GlobeOp Financial Services, ION Trading, SmartStream Technologies and 2nd Story Software. Prior to joining TA in 2001, Naveen worked in the Mergers and Acquisitions Group at Broadview International. He also worked as a member of the Asian Special Situations Group at Goldman, Sachs & Co and at Accretive LLC. Naveen received a BSc in Systems Engineering from the University of Pennsylvania, and an MBA from the Wharton School of Finance.

Lucian Wu
Managing Director, Paul Capital

Mr. Wu joined Paul Capital Partners in early 2008 as Managing Director, Head of Asia.  Based in Hong Kong, he is responsible for heading up the Asian office and the firm’s expansion into Asia Pacific. He has over ten years of private equity experience in Asia and was formerly a partner at Henderson Private Capital in Asia and a founding member of Electra Partners Asia.

Mr. Wu qualified as a Chartered Accountant with PricewaterhouseCoopers in London and spent a number of years providing audit and business advisory services in their London and Hong Kong offices. Mr. Wu holds a BSc degree in Mathematics with First Class Honours from Imperial College, University of London.

Yibing Wu
President, CITIC Private Equity Funds Management

Dr. Yibing Wu is the President of CITIC Private Equity Funds Management Co., Ltd. (“CITIC PE”). CITIC PE currently manages over USD 2.7 billion worth of funds in RMB and in USD, serving as the strategic private equity platform of CITIC Securities and CITIC Group, China’s largest industrial and financial conglomerate.

Prior to joining CITIC PE, Dr. Wu worked as a Managing Director of Legend Holdings, responsible for overall business operations and oversees its direct investment business. During his tenure at Legend Holdings, he successfully led the equity investments in financial, energy and consumer sectors as well as a number of growth capital investments in new energy and high-tech arena.

Prior to that, Dr. Wu spent 3 years full time leading the entire process of IBM PCD acquisition, serving as Chief Strategy Officer, Chief Integration Officer, Chief Transformation Officer / Chief Information Officer of Lenovo Group. He directly led the team in deal negotiation, transaction execution and post-investment integration and transformation.

Before Legend Holdings, Dr. Wu was a Senior Partner of McKinsey & Co., Head of Asia Pacific M&A and General Manager of McKinsey Beijing, overseeing mergers and acquisitions, corporate restructuring and IPO advisory for large Chinese enterprises. He advised a number of leading Asian companies’ international expansion effort, and advised a dozen of top Chinese SOE’s restructuring deals and overseas IPOs.

Dr. Wu is a non-executive director of Lenovo Group and NOL Group. He sits on the board of China Social Entrepreneur Foundation.

Dr. Wu holds a PhD from Harvard University and a BSc. from University of Science and Technology of China.

Xiang-Dong (X.D.) Yang
Managing Director and Co-Head, Carlyle Asia Partners, The Carlyle Group

Xiang-Dong (X.D.) Yang has been Managing Director and Co-Head of Carlyle Asia Partners since 2001. Carlyle Asia Partners, established in 1998, is one of the largest and most active private equity investors in Asia with asset under management of more than $12 billion as of December 31, 2010. Carlyle Asia Partners manages Carlyle Asia Partners I, II and III funds and Carlyle Beijing RMB Fund

Prior to joining Carlyle, Mr. Yang spent nine years at Goldman Sachs, where he was a Managing Director and Co-Head of private equity investment Asia ex-Japan.

Mr. Yang serves on the board of a number of companies, including China Pacific Insurance (Group) Company Limited and SmarTone Telecommunications Holdings Limited.

Mr. Yang received his B.A. in economics from Harvard University and M.B.A. from Harvard Business School.

John Zhao
Founder & CEO, Hony Capital

Mr. Zhao is the founder and Chief Executive Officer of Hony Capital, a China-focused private equity investment firm. He also serves as Senior Vice President and Executive Board Director of Legend Holdings, the parent company of Lenovo Group (HK.992).

Prior to Hony Capital and Legend Holdings, Mr. Zhao held various senior management positions in a number of investment and technology companies in the US including Managing Partner at eGarden Ventures, Chairman and CEO of Infolio Inc. and Vadem Inc., VP and GM at US Robotics Inc. (NASDAQ: USRX) and R&D Director at Shure Brothers, Inc..

Mr. Zhao has an MBA degree from Kellogg Graduate School of Management at Northwestern University. He also received M.S. Degrees in Physics and Electrical Engineering from Northern Illinois University and a B.S. Degree from Nanjing University.

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