#LPMeet2020
VCCircle India Limited PartnersSummit 2020
Feb 27, 2020 | Trident, Nariman Point, Mumbai
Days
Hours
Minutes
Seconds
Introduction
India's Investment Story: An Insider View

Until a few months ago India had everything going for it. Despite the noise around global trade wars, India was basking in the glory of being the fastest-growing major economy. It had re-elected the ruling party to ensure policy continuity, the stock markets were at record highs and the pain of stressed assets had started to ease.

But the narrative has changed. Growth has slowed, consumer sentiment has turned sour, the stressed assets toxicity has spread from banks to the shadow banking system and an oil crisis is threatening to trip the economy further.

On the flip side, India remains investors’ darling. Although the stock market had corrected, it is now near its all-time high as the recent corporate tax rate cut has added fresh power to the bulls.

The number of active PE and VC investors has doubled in the last seven years to around 350 as per a VCCircle study. Bigger cheques from PE firms have catapulted overall alternative investment to $29 billion in the first nine months of 2019. At this pace, it is well poised to cross the peak of $32 billion clocked last year. Clearly, the private investment market is still red hot.

Not surprisingly, limited partners (LPs) are not just keen on building an exposure via general partners (GPs) but are also active with their direct investments in the market. LPs, especially sovereign funds from Singapore and Abu Dhabi besides Canadian pension funds and European development financial institutions, have invested directly or come as co-investors in 79 deals worth $10 billion in the first nine months of this year, according to VCCEdge. This seems set to surpass the mark of $12 billion across 112 deals in 2018.

At the same time, PE and VC funds are grappling with several challenges. Competition for deals has grown as fund management teams are getting spliced, SoftBank has emerged out of nowhere as a big-ticket PE-style investor and LPs are stepping in big time with direct investments. The entry of PEs and corporate houses at venture-stage deals has upped the competition for VCs. Concerns of a startup valuation bubble have returned while new GPs are finding it tough to raise funds.

To discuss the risks and how the overall alternative investor class is tackling the challenges, VCCircle is proud to announce the eleventh edition of its flagship thought conclave—the Limited Partners Summit 2020. It would bring together leading global and domestic LPs, GPs, entrepreneurs, investment bankers and other leaders from the deals ecosystem to look at the alternative investment opportunity in the country.

LPs Attending This Year

International Finance Corporation

Mubadala

Siguler Guff & Company, LP

Canadian Pension Plan Investment Board

Evolvence India

DEG

Union Bank of India

Triodos Bank

Abu Dhabi Catalysts Partners

Moravia Capital Investments

National Investment & Infrastructure Fund (NIIF)

Speakers
Managing Partner, Evolvence India Fund
Director - Business Management, CPPIB
Senior Investment Officer for Asia, Triodos Investment Management
Director - Private Equity, ICICI Venture
Managing Director, Netrika
Sr. Managing Partner (Wealth Management), Edelweiss Financial Services
Senior Director (Real Estate), ICICI Venture
Head of Listings and Primary Markets, NSE
Executive Director, Netrika
General Manager, Union Bank of India
Managing Director, Siguler Guff & Company
Regional Lead, IFC
Founder & CEO, TR Capital
Founder, Soap Opera
Lead – Investment Strategy & Chairman’s Family Office, Hero MotoCorp Limited
Partner, Foundation Private Equity
Director, Moravia Capital Investments
Associate Director - Market Development (Financial Services Regulatory Authority), Abu Dhabi Global Market
Co-Founder, Samvad Partners
Founder & Managing Partner, Avataar Venture Partners
Founder & CEO, Sixth Sense Ventures
Managing Director, Bertelsmann India Investments
Head - Fund of Funds, National Investment and Infrastructure Fund
CEO – UK India Business Council
Treasury, HDFC Ltd.
Chief General Manager - Global Markets Dept, State Bank of India
Agenda
  • Registration & Networking
    08:00 Hrs. onwards
  • Opening Address

    By Jaideep Mehta, CEO, Mosaic Digital

    09:30 – 09:35 Hrs.
  • Panel Discussion 1: Portfolio balancing and risk management

    LPs have tried various mix of direct, co-investment and platform strategies to approach emerging markets like India. What is working best and why? With some LPs seeking more direct investments, what sort of risk management process have they put in place? How do LPs manage the potential conflict of interest while approaching direct deals with existing GP relationships in the same market?

    Speakers:
    Aditya Mohan, Senior Investment Officer – Asia, Triodos Investment Management
    Aviral Jain, MD, Siguler Guff & Company
    Sujeet Govindaraju, Director Business Management, CPPIB
    Sainath Ramanathan, Director - Private Equity, ICICI Venture
    Moderator: Ranjani Raghavan, Associate Editor, VCCircle

    09:35 – 10:20 Hrs.
  • Panel Discussion 2: Due diligence: Under the scanner

    There is a constant talk about better alignment of interest between LPs and GPs. Is there a gap to be addressed in data sharing and disclosures by GPs? How is the LP due diligence process on GPs evolving? How are GPs imbibing the ESG goals of LPs? And is there a clear understanding on how to define, monitor and measure these goals?

    Speakers:
    Ajit Kumar, Managing Partner, Evolvence India Fund
    Neha Grover, Regional Lead - Disruptive Technologies and PE Funds group, IFC
    Abhishek Paronigar, Director, Moravia Capital Investments
    Vineetha MG, Co-Founder, Samvad Partners
    Sanganagouda Dhawalgi, Executive Director, Netrika Consulting India Pvt. Ltd
    Moderator: Beena Parmar, Special Correspondent, VCCircle

    10:20 – 11:05 Hrs.
  • Special Address 1

    By Anand Unnikrishnan, Head - Fund of Funds, National Investment and Infrastructure Fund (NIIF)

    11:05 – 11:15 Hrs.
  • Networking over Tea/Coffee
    11:15 – 11:30 Hrs.
  • Panel Discussion 3: Managing fund extensions and secondaries

    Several PE and VC funds in India are living beyond their life cycles. What are the lessons from other markets in managing fund extensions and portfolio secondaries? Are GP-led secondaries ideal to hit the reset button?

    Speakers:
    Paul Robine, Founder & CEO, TR Capital
    Jason Sambanju, Partner, Foundation Private Equity
    Ishita Vora, Head - Listings & Primary Markets, NSE
    Moderator: Ranjani Raghavan, Associate Editor, VCCircle

    11:30 – 12:15 Hrs.
  • Panel Discussion 4: Portfolio diversification in alternatives by domestic LPs

    Unlike in developed economies, public markets and credit in emerging economies pose a challenge for GPs in competing for rupee capital from HNIs and corporate houses. Are GPs making the right product pitch to local investors? How do local LPs weigh the risk-reward ratio for alternatives compared to other asset classes?

    Speakers:
    Nitesh Ranjan, General Manager, Union Bank of India
    Satrajit Bhattacharya, Treasury, HDFC Ltd.
    B Raghavendra Rao, Chief General Manager - Global Markets Dept, State Bank of India
    Puneet Bhatia, Senior Director (Real Estate), ICICI Venture
    Moderator: Bruhadeeswaran R, Assistant Editor, VCCircle

    12:15 – 13:00 Hrs.
  • Presentation

    Forensic Due Diligence should be your first step, when planning an Investment!
    Why Forensic Due Diligence is required? How it is important to help you make an informed decision / choice?

    By Sanjay Kaushik, MD, Netrika Consulting India Pvt. Ltd

    13:00 – 13:15 Hrs.
  • Networking Lunch
    13:15 – 14:15 Hrs.
  • Panel Discussion 5: Family offices rebuilding foundation of domestic LP base

    High net-worth individuals and family offices have become a key source pool for domestic fund managers to raise capital. How do family offices view the PE-VC fund ecosystem and how is their portfolio allocation changing to incorporate alternatives as an asset class? What would they like to see before signing bigger cheques more frequently?

    Speakers:
    Nitai Utkarsh, Lead – Investment Strategy & Chairman’s Family Office, Hero MotoCorp Limited
    Rishabh Mariwala, Founder, Soap Opera
    Alok Saigal, Sr. Managing Partner (Wealth Management), Edelweiss Financial Services
    Moderator: Narinder Kapur, Correspondent, VCCircle

    14:15 – 15:00 Hrs.
  • Panel Discussion 6: Venture hygiene check

    VC deal making in India is picking up pace again. How are VC funds dealing with renewed talk of a valuation bubble with some new ventures by successful entrepreneurs pocketing disproportionate sums? With SoftBank facing a reality check on the big cheques it has been signing down the years, what does it mean for the larger venture ecosystem from an exit lens? Are LPs keener to see specialised micro funds rather than larger-than-life sector-agnostic VCs?

    Speakers:
    Nikhil Vora, Founder & CEO, Sixth Sense Ventures
    Pankaj Makkar, Managing Director, Bertelsmann India Investments
    Mohan Kumar, Founder & Managing Partner, Avataar Venture Partners
    Moderator: Joseph Rai, Special Correspondent, VCCircle

    15:00 – 15:45 Hrs.
  • Global Lens: Special Address

    How is Abu Dhabi building one of the fastest growing Innovation Eco-systems in the region?

    By Dr. Bhaskar Dasgupta, Associate Director - Market Development (Financial Services Regulatory Authority), Abu Dhabi Global Market

    15:45 – 16:00 Hrs.
  • Networking over Tea/Coffee & End of Conference
    16:00 Hrs.
Testimonials
Want to stay informed?
How do I register?
Individual Ticket
48,000

Number of seats 1

Gold Package
135,000

Number of seats 3

Platinum Package
210,000

Number of seats 5

How was it last year?
Contact Us

Mosaic Digital

DELHI

17, Okhla Industrial Estate
Phase 3
New Delhi – 110020
Tel: +91- 011-49711180, +91- 011-68132900


MUMBAI

61-A, 2 North Avenue Maker Maxity,
Bandra Kurla Complex,
Bandra (East), Mumbai – 400051
Tel: 022-61456100


BENGALURU

No.43 Residency Road, Shanthala Nagar,
Ashok Nagar, Near Gateway Hotel,
Bangalore – 560025
Tel: 080-69405500

Thank you for your interest in VCCircle India Limited Partners Summit 2020.

You shall receive the invite shortly.

We look forward to seeing you.

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