Introduction

News Corp VCCircle India Limited Partners Summit 2019
Fast & steady – The India Story
 

The rise of radical nationalism, trade war, protectionism, and volatile markets are some of the issues keeping global investors on the tenterhooks and even as large economies such as Japan, the US and parts of EU have shown an uptick in growth, the overall global sentiment remains guarded. India, meanwhile, continues to shine on the global stage with its economy growing the fastest in the world.

India continues to hold investor interest mainly on account of its storied large and growing consumer market, consistent economic growth and structural reforms that have been hailed globally by industry leaders and institutions alike. Moody’s, for instance, this year upgraded India’s sovereign rating to Baa2 after 14 years and India jumped 30 places in the World Bank’s Ease of Doing Business Ranking.

The alternative investment ecosystem, too, is maturing in India.

For instance, maximum number of buyouts and control deals were struck this year while the number of secondary deals also spiked. The rise in the number of exits, the opportunities in bank loans gone bad, infrastructure, renewable energy, tech-backed enterprises are all extremely compelling stories emerging from India. To be sure, there are challenges such as volatile markets, depreciating rupee and the anxiety with regards to the forthcoming general elections. Investors, however, are kicked about the long-term opportunities here.

India LP Summit will bring together leading global LPs, GPs, entrepreneurs, investment bankers and other leaders from the ecosystem to delve deep into the macro and micro opportunities and challenges in the Indian market.


Agenda

09.20 – 09.35AM
Opening address
by Jaideep Mehta, CEO, News Corp VCCircle

09.35 – 10.20AM
Long-term opportunities, short-term challenges
On one hand, India’s fast-growing economy, large consumer market and economic reforms make for a compelling investment story. On the other hand, the immediate volatility in the market, the sliding rupee and most of all, the impending general elections beg slight caution. Do short-term blips bother investors? Could the election results trigger a change in investment outlook?

Prashant Purker, Managing Director & CEO and Co-head, Private Equity, ICICI Venture Funds Management Co. Ltd
Ranu Vohra, Co-founder, MD & CEO, Avendus Capital
Gaurav Kapoor, Head Inclusive Growth and Investments Team, UK Department for International Development (DFID)
Mayank Choudhary, Sr. Investment Specialist, Asian Development Bank
Dirk Elsen, Director, Emerging Markets, Triodos Investment Management
Jaideep Mehta, CEO, News Corp Mosaic Digital (Moderator)

10.20 – 10.55AM
Spotting deal trends
Buyouts-cum-control deals took off in 2018 and how. Leading PE firms such as KKR, Apax Partners, ChrysCapital, True North, General Atlantic, Kedaara, Samara among several others struck control deals exceeding $3 billion across sectors this year, thus, marking a definitive trend. Are buyouts and controls deals here to stay?

Rupen Jhaveri, Managing Director, KKR
Gaurav Ahuja, Managing Director, ChrysCapital
Raghubir Menon, Regional Practice Head – M&A and Private Equity General Corporate, Shardul Amarchand Mangaldas
Ranjani Raghavan, Associate Editor, News Corp Mosaic Digital (Moderator)

10.55 – 11.30AM
The rise of local Investors
Rupee capital pools have begun to gain momentum in the market with veterans such as former Infosys founders Kris Gopalakrishnan advocating the building and launch of a large fund ala Softbank-led Vision Fund. Even as efforts in that direction have been underwhelming, hordes of small and mid-sized family offices and high net worth individuals are warming to the idea of alternative investments. What will it take to build this segment into a dependable faction?

Kumar Sharadindu, Managing Director & CEO, SBI Pension Funds
Satrajit Bhattacharya, Jt. General Manager Treasury, HDFC Ltd
Ganapathy Venugopal, Co-founder & CEO, Axilor Ventures
Bruhadeeswaran R, Assistant Editor, News Corp Mosaic Digital (Moderator)

11.30AM – 11.45AM
Networking Break

11.45 – 12.10PM
Ordeal or opportunity
Private equity is heading that extra mile canvassing regions of India, penetrating hinterlands that were earlier under-served. ESG and ethical investing is fundamental and is inter-locked into the entire fund lifecycle. Is it onerous, arduous for fund managers and investee companies? What attracts LPs to drive impacts in an ethical and sustainable manner in low income regions? Do we see a transition in the narrative of impact investing with emergence of more such funds backed by sovereign DNA?

Akash Agarwal, Promoter, Crystal Logistics
Manav Bansal, CIO, Neev Fund
Martin Blake, Strategic Advisor to the Board, Blue Planet Environmental Sciences
Adarsh Das, CEO and Co-Founder, Sun Source Energy
Gaurav Kapoor, Head Inclusive Growth and Investments Team, UK Department for International Development (DFID)
Anurag Malempati, Founder & Executive Director, Leap India Food & Logistics
Anjana Seshadri, ESG Officer, Neev Fund (Moderator)

12.10 – 12.45PM
De-stressing stressed assets
Evaluating the resolution process. What has worked and what is not working?

Harish Chander, Executive Vice-President, Edelweiss Financial Services
Parth Gandhi, Managing Partner, AION Capital
Mohit Batra, Executive Director – Infrastructure, ICICI Venture Funds Management Co. Ltd
Krishnava Dutt, Managing Partner, Argus Partners (Moderator)

12.45 – 1.20PM
New adults on the block
Fund managers jumping old ship and venturing out on their own is not a new trend but it definitely became a phenomenon in 2018. What’s the lure for managers branching out on their own? What are the risks and rewards of being on their own? How do LPs choose between their relationship with an old fund and a new fund with old manager?

Nitin Nayar, Founder & Managing Partner, Filter Capital
Sumeet Nindrajog, Senior Partner, Paragon Partners
PR Srinivasan, Partner, Xponentia Capital Partners
Sanjay Nath, Managing Partner, Blume Ventures (Moderator)

1.20 – 2.15PM
Networking Lunch

2.15 – 2.30PM
Edge Insight – Indian Investment Ecosystem – Through the lens of LP’s
Shalil Gupta, CBO, News Corp Mosaic Digital

2.30 – 3.10PM
Exit, no problem
Outside of IPOs, the secondary route as well as strategic sales, too, have opened up as exit options for investors. Tiger Global, Kedaara, Apax Partners, Norwest VP are few examples of VC and PE firms who made big bucks exiting through secondary sales. Sliding rupee may mar dollar returns in the short term but overall, exits have become easier now. Do investors agree?

Amit Gupta, Partner, NewQuest
Michael Liu, Sr. Vice President, Portfolio Advisors
Shashank Singh, Partner and Head of the India Office, Apax Partners
Manish Kejriwal, Managing Partner, Kedaara Capital
Niren Shah, Managing Director, Norwest India (Moderator)

3.10 – 3.40PM
LPs get creative
India-focussed funds, regional funds, funds-of-funds, co-investing, direct investments –LPs are using multiple channels to maximize their exposure and hedge risks of investing in a diverse market like India. Also, they are working with both multi-faceted fund houses as well as the specialist funds. Diving deep into LPs’ India strategy, and understanding their relationship with local fund managers.

Haresh Vazirani, Head, India and Europe Venture, Aberdeen Standard Investments, UK
Ajit Kumar, Managing Director, Evolvence India Fund
Padmanabh Sinha, Managing Partner, Tata Opportunities Fund (Moderator)

3.40 – 4.25PM
Private Equity in Real Estate
Even as the real estate market remained subdued, there was a lot of action among builders and investors thanks to government initiatives such as affordable housing. What will it take to stage a rebound in the sector? What kind of opportunities PE investors are chasing?

Ramesh Nair, CEO & Country Head, India, JLL
Sharad Mittal, CEO, Motilal Oswal Real Estate
Amit Goenka, MD & CEO, NiFCO
Amit Bhagat, CEO & MD, ASK Property Investment Advisors
Jay Gandhi, Partner – Investment Funds, M&A & PE, Shardul Amarchand Mangaldas (Moderator)

4:24 - 5:00P
Networking Break


Speakers

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Mohit Batra

Executive Director - Infrastructure, ICICI Venture Funds Management
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Prashant Purker

Managing Director & CEO and Co-head Private Equity, ICICI Venture Funds Management Co. Ltd.
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Gaurav Kapoor

Head Inclusive Growth and Investments Team, UK Department for International Development (DFID)
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Raghubir Menon

Regional Practice Head - Mumbai, M&A and Private Equity, General Corporate, Shardul Amarchand Mangaldas
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Jay Gandhi

Partner, Shardul Amarchand Mangaldas & Co
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Krishnava Dutt

Managing Partner, Argus Partners
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Anjali Bansal

Founder, Avaana Capital
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Anjana Seshadri

ESG Officer, Neev Fund
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Ranu Vohra

Co-founder, Managing Director and Chief Executive Officer, Avendus Capital
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Amit Gupta

Partner, NewQuest, Hong Kong
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Haresh Vazirani

Head, India and Europe Venture, Aberdeen Standard Investments, UK
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Dirk Elsen

Director, Emerging Markets, Triodos Investment Management
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Ajit Kumar

Managing Director, Evolvence India Fund
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Michael Liu

Senior Vice President, Portfolio Advisors
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Sanjay Nath

Managing Partner, Blume Ventures
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Shashank Singh

Partner and Head of the India office, Apax Partners
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Sumeet Nindrajog

Senior Partner, Paragon Partners
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Ganapathy Venugopal

Co - founder & CEO, Axilor Ventures
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Kumar Sharadindu

Managing Director & CEO, SBI Pension Funds
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Niren Shah

Managing Director & India head, Norwest Venture Partners
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Nitin Nayar

Founder & Managing Partner, Filter Capital India
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Parth Gandhi

Managing Partner, AION Capital
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P.R. Srinivasan

Partner, Xponentia Capital Partners LLP
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Padmanabh Sinha

Managing Partner, Tata Opportunities Fund
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Amit Bhagat

Managing Director and CEO, ASK Property Investment Advisors
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Mayank Choudhary

Sr. Investment Specialist, Asian Development Bank
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Amit Goenka

MD & CEO, Nisus Finance
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Sharad Mittal

Executive Director & CEO, Motilal Oswal Real Estate Investment Advisors
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Rupen Jhaveri

Managing Director, Private Equity: Mumbai, KKR
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Gopal Srinivasan

Chairman & Managing Director, TVS Capital Funds
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Ramesh Nair

CEO & Country Head, India, JLL
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Gaurav Ahuja

Managing Director, ChrysCapital
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Satrajit Bhattacharya

Jt. General Manager Treasury, HDFC Ltd
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Manish Kejriwal

Managing Partner, Kedaara Capital Advisors LLP
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Harish Chander

Executive Vice-President, Edelweiss Financial Services
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Martin Blake

Strategic Advisor, Board of Blue Planet Environmental Services
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Akash Agarwal

Promoter, Crystal Logistics
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Manav Bansal

CIO, Neev Fund
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Anurag Malempati

Founder & Executive Director, Leap India Food & Logistics
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Adarsh Das

Chief Executive Officer and Co-Founder, SunSource Energy

Our Sponsors & Partners

Presenting Partner
Legal Partner
Economic Development Partner
Session Partner

Want to be part of it?

VCC Events opens up the avenues for participation. Join hands to be a part of India’s largest gathering of alternative investments leaders, industry stakeholders and Asia’s influential limited partners, general partners and marquee advisors. Your chance to actively participate and augment yourself as thought leaders.


Venue :

ITC Grand Central, Mumbai

Date: February 14, 2019
Venue: ITC Grand Central, Mumbai


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