Introduction

The stage is set for a reboot of the Indian economy with a strong government at the centre, an environment for unleashing the next stage of economic reforms, and an improved sentiment among consumers, investors and the business community.

The new government has promised to make it easier to do business through speedier clearances and stable tax policies, raising the investors' and entrepreneurs' hope of a rosier future after years of low growth and high inflation.

Institutional investors across the globe have very keenly watched the changed economic and political setting in India, and are now beginning to have a conversation about India - a stark difference from the situation just a couple of years ago. LPs also note that if the golden era of the private equity in India were to start now, it would last longer.

However, policy reforms will have to be implemented in the next 12-18 months to sustain the interest going forward. Limited Partners are quick to add that cautious optimism on the macro front might not necessarily translate into dramatic turnaround for the Indian private equity yet. This has primarily to do with the not-so happy return experiences from the past in the region.

To identify the right path for a successful private equity business in India, and map the current pain points, challenges and opportunities as we usher in the new era of Indian private equity industry, VCCircle presents the 6th edition of its immensely successful flagship conference VCCircle India Limited Partners Summit 2015 on 18 February 2015, Mumbai.

The conference will cover areas such as:

     •  What are the expectations of limited partners from the new government?
     •  How does the blueprint to get long-term and locked-in capital back into the economy look like?
     •  How to make case for India in the near term and beyond?
     •  What are the strategies which will deliver best returns as we usher into the new era of private equity?
     •  Do LPs still need to see returns from India before putting money in or will fundraising increase on the expectation of opportunities?
     •  Understanding the private real estate market in India: what are the available opportunities and what are the core issues?
     •  Will there be a renewed investor interest in the infrastructure sector?
     •  How do LPs view India and will fundraising still remain stretched?
     •  Overview of the evolving global private equity business among other key debatable topics.

The conference will be attended by top global limited partners, India's leading general partners, top CEOs, economists, regulatory experts & officials and key luminaries of the investment ecosystem.  

Over the past few years, the summit has been well received by over 150+ speakers and 1,000+ participants.

Block your calendar to join us for India's premier private equity conference that will identify the right path to create successful private equity businesses in India.

The conference offers unique sponsorship opportunities for private equity firms, law firms, investment banks, and corporates.

For sponsorship write to: varun@vccircle.com
For registrations write to: Sandeep/ Shikhil at register@vccircle.com; 0120-4171111
For any agenda suggestion / speaker nomination, write to prateek.kathpal@vccircle.com


Agenda

8:00am - 9:20am
Tea & Registration

8:00am - 9:20am
Breakfast & Networking

9:20am - 9:30am
Introduction Note

9:30am - 10:15am
Panel 1: Investing in the 'New India' paradigm
The so-called BRICS group - Brazil, Russia, India, China and South Africa - all moved together a decade ago, but now India is pulling away from the others, feel experts. The India optimism contrasts with expectations of slowing growth in China and a lukewarm reaction to the re-election of Brazil's president last month. And all this comes at a time when the Indian economy is set for a reboot with a strong government at the centre, an environment for unleashing the next stage of economic reforms, and an improved sentiment among consumers, investors and the business community. The Indian equity indices have outperformed other emerging markets so far this year with the NSE Nifty rising 35% since January 1 in dollar terms. The rupee is the best-performing currency among big emerging markets.While investors at large are buoyed by the optimism, a few are still holding on to the purse-strings in anticipation of sweeping reforms.

- Where does India stand in terms of investors' attractiveness
- What should the government do to attract long term locked in capital?
- What are the attractive investment themes for the next ten years?

Srinath Srinivasan - CEO, Oman India Joint Investment Fund
Rahul Bhasin - Managing Partner, Baring Private Equity Partners (India) Pvt Ltd
Vish Narain - Country Head, TPG Growth
Padmanabh Sinha - Managing Partner, Tata Opportunities Fund
Anand Prasanna - Director, Private Assets (Shanghai), Morgan Creek
Amit Bhatiani - Partner, CX Partners (Moderator)

10:15am - 10:40am
Keynote Address: By Ronnie Screwvala - Founder, Unilazer Ventures

10:40am - 11:25am
Panel II : India - the land of rising billionaires & the local investor capital driven risk capital industry
Given that more than 95% of the PE capital in India comes from international investors, what is the scope for local investor capital driven market PE market in India? What are the challenges to running domestic capital led PE funds? How can the industry encourage the ecosystem of local insurance companies, banks, and family offices to make allocations to domestic private equity? What is the role played by wealth managers? Is HNI commitment going to be the new way forward for PE fundraising?

M.K. Sinha - Managing Partner and CEO, IDFC Alternatives
Satya Bansal - CEO, Barclays Wealth and Investment Management - India
Neelkanth Mishra - India Strategist, Credit Suisse
Prasun Gajri - CIO, HDFC Life Insurance
Gopal Srinivasan - CMD, TVS Capital Funds Limited (Moderator)

11:25am - 11:50am
Tea & Networking Break

11:50am - 12:40pm
Panel III: View from the top: LPs reveal Indian PE report card and will 2015 be an exciting investment vintage?
PE is a business which is essentially by the LPs, of the LPs and for the LPs. LPs realize that, besides General Partners, they also need to learn from the mistakes made in go-go days as the country enters another multi-year bull run. LPs admit that both LPs and GPs made mistakes during the benign days of 2006-07 and which is where most of the money is stuck. Going forward, the scrutiny will primarily revolve around exits, the panel unanimously agreed, irrespective of the macro environment.

What is the current state of LP - GP terms and partnerships in India? Are they becoming more favorable for the LPs or the GPs? What are the essential factors such as fees, structure and co- investment rights that are important for a successful fundraise? How are GPs and LPs aligning themselves between performance attribution and management fees? How will the providers and the investors of the capital amicably settle on risk-return fundamentals?

Jane Rowe - Head Private Equity, Senior Vice-President, Ontario Teachers' Pension Plan
Manish Kejriwal - Co-Founder & Managing Partner, Kedaara Capital Advisors LLP
Brooks Preston - Vice President - Investment Funds, Overseas Private Investment Corp.
Jaganath Swamy - Vice President, Harbourvest Partners (Asia) Limited
Akhil Awasthi - Managing Partner, Tata Capital Growth Fund (Moderator)

12:40pm - 2:00pm
Lunch & Networking

VCCircle Insights: Quick insightful discussions on the fast growing themes in the Indian INVESTING landscape

2:00pm - 2:45pm
VCCircle Insights I: Infrastructure & Real Estate
The year 2014 has been a turned around year for the infrastructure sector. Financial investors are back in the sector and closely evaluating deals. The sentiment towards India is positive today. Government has made some right moves on the fiscal policy side like deregulating diesel, movement on the Goods & Services Tax. The decision making process seems to be much quicker now. There has been a huge uptick in the real estate deal-making.

While there is a big impetus on the infrastructure sector, will the government be able to improve infrastructure as quickly and efficiently at the national level- What role will private capital play? What is the new story that the Indian real estate fund managers are narrating to their LP's? Which asset class would this money chase? Will Vintage PE funds from 2007-2008 look to exit in 2015 or will they postpone exit from market in 2016? Commercial IT Park – The flavor of the season, how are funds preparing to list their assets in REIT? What is the current domestic fund raising scenario? How to deal with challenges and complexities?

Sanjeev Dasgupta - CEO, Ascendas Property Fund Trustee
Sunil Rohokale - CEO & MD, ASK Group
Gautam Mehra - Partner and Leader, Financial Services, Tax & Asset Management, PwC
Sunil Mantri - Chairman, Mantri Realty Ltd
Amit Thawani - Executive Director, Nomura Financial Advisory & Securities (India) Private Limited
Navita Yadav - Chief Executive Officer, IL&FS Trust Company Ltd.(Moderator)

2:45pm - 3:30pm
VCCircle Insights II: From dotcom bust to venture capital boom
Early stage INVESTMENT has come of age in India. Some of the early stage investments that have heaped great returns for Indian investors include RedBus, Just Dial, MAKEMYTRIP, MuSigma, Naukri, InMobi among others. Billion dollar valuation has become the new million for consumer internet at large. The sheer amount of vibrancy in the space and deal making in internet ventures make dotcom bust look like a thing of the past. But is this hype or real value creation that is happening? Can it be sustained? Is there a real exit environment for VC-backed companies?

Sudhir Sethi - Founder, Chairman & MD, IDG Ventures India Advisors Pvt Ltd.
Sanjay Nath - Co-founder & MD, Blume Ventures Advisors Pvt. Ltd.
Mahesh Murthy - Partner, Seedfund
Sasha Mirchandani - Founder & Managing Partner, Kae Capital
Deepak Shahdadpuri - Founder & MD, DSG Partners Asia Pte Ltd
Viswanathan Parameswar - Executive Director, Adveq Management (Moderator)

3:30pm - 4:00pm
Tea & Networking

4:00pm - 4:40pm
VCCircle Insights III: Private Equity in Public Equities
A lot of funds have been seen engaged in passive PIPE investing. A quick run up in the stock market has provided for easy avenues for the PE funds to cash out and make some handsome returns. But do LPs like funds to engage in such opportunistic transactions? Is it now necessary for funds to have a flexible style of investing as Indian markets are so dynamic in nature?

Promeet Ghosh - MD, Temasek Holdings Advisors India Pvt. Ltd
Udai Dhawan - MD & India Head, Standard Chartered Private Equity
Paresh Thakker - Managing partner, ValueQuest Capital
Sohil Chand - MD, Norwest Venture Partners
Sanjay Kukreja - MD, ChrysCapital Advisors Pvt Ltd
Karan Singh - Partner, Trilegal (Moderator)

4:40pm - 5:20pm
VCCircle Insights IV: Big Deals Are Back - where are we headed?
Private equity firms have once again started signing big cheques for Indian firms as business climate is showing signs of turnaround and there is a large pile of capital still to be deployed. There have been 19 $100-million plus PE deals in the country since January this year, around 50 per cent more than the same period last year, as per data compiled by VCCEdge, the data research platform of VCCircle. IT, including e-commerce and IT services, leads with one-third of these deals.

- What is driving big deals back? Will the trend continue? Who are the players driving the front - end of this market? Which sectors are looking most lucrative for such deals? Has the Indian deal making environment finally matured to see advent of big bang deals? Do we have late stage VC investing in India?

Srini Nagarajan - Head of South Asia, CDC Group
Shankar Narayanan - Co-Head, Carlyle Asia Growth Partners
Nishant Parikh - Partner, Trilegal
Amit Chandra - MD, Bain Capital Private Equity
Parth Gandhi - Senior Partner and Managing Director, AION Capital
Shashank Singh - Partner, Apax Partners India Advisers Private Limited (Moderator)

5:20pm - 5:50pm
GP Showcase
VCCircle handpicks 5 GPs who are currently fundraising to showcase their strategies

Vikram Gupta - Founder & Managing Partner, IvyCap Ventures
Nilesh Kothari - Managing Partner, Trifecta Capital
Abhishek Sharman - Founder and MD, Carpediem Capital Partners
Nikhil Vora - Founder & CEO, Sixth Sense Venture
Rehan Yar Khan - General Partner & Founder, Orios Venture Partners


Speakers

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Abhishek Sharman

Founder & Managing Director, Carpediem Advisors Private Limited
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Akhil Awasthi

Managing Partner, Tata Capital Growth Fund | @TataCompanies
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Amit Bhatiani

Partner, CX Partners
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Amit Chandra

Managing Director, Bain Capital Advisors | @BainCapital
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Amit Thawani

Executive Director, Nomura Financial Advisory & Securities (India) Private Limited
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Anand Prasanna

Director, Private Assets, Morgan Creek Capital Management LLC
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Brooks Preston

Vice President - Investment Funds, Overseas Private Investment Corporation
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Deepak Shahdadpuri

Founder & MD, DSG Consumer Partner | @DSGCPvc
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Gautam Mehra

Partner and Leader - Financial Services, Tax & Asset Management, PwC
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Gopal Srinivasan

Chairman & MD, TVS Capital Funds | @TVSCapitalFunds
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Jaganath Swamy

Vice President, Harbourvest Partners (Asia) Limited
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Jane Rowe

Head Private Equity, Senior Vice-President, Ontario Teachers' Pension Plan
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Karan Singh

Partner, Trilegal
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Mahesh Murthy

Partner, Seedfund
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Manish Kejriwal

Managing Partner, Kedaara Capital Advisors LLP
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M.K. Sinha

Managing Partner and CEO, IDFC Alternatives
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Navita Yadav

Chief Executive Officer, IL&FS Trust Company Ltd.
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Neelkanth Mishra

India Strategist, Credit Suisse
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Nikhil Vora

Founder & CEO, Sixth Sense Ventures
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Nilesh Kothari

Co-founder and Managing Partner, Trifecta Capital
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Nishant Parikh

Partner, Trilegal | @TrilegalLaw
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Padmanabh Sinha

Managing Partner, Tata Opportunities Fund
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Paresh Thakker

Managing Partner, ValueQuest Capital
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Parth Gandhi

MD, AION India Investment Advisors
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Prasun Gajri

CIO, HDFC Life Insurance
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Promeet Ghosh

Managing Director, Temasek Holdings Advisors India Pvt. Ltd | @Temasek
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Rahul Bhasin

Managing Partner, Baring Private Equity Partners (India) Pvt Ltd
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Rehan Yar Khan

Managing Partner, Orios Venture Partners
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Ronnie Screwvala

Founder, Unilazer Ventures
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Sanjay Nath

Co-founder & Managing Partner, Blume Venture Advisors Pvt. Ltd. | @BlumeVentures
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Sanjay Kukreja

Managing Director, ChrysCapital Advisors Pvt Ltd
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Sanjeev Dasgupta

CEO, Ascendas Property Fund Trustee
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Sasha Mirchandani

Founder & Managing Partner, Kae Capital
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Satya Bansal

CEO, Barclays Wealth and Investment Management - India
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Shashank Singh

Partner & India Head, Apax Partners
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Shankar Narayanan

Co-Head, Carlyle Asia Growth Partners
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Sohil Chand

MD, Norwest Venture Partners | @NorwestVP
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Srini Nagarajan

Head of South Asia, CDC Group
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Srinath Srinivasan

Chief Executive Officer, Oman India Joint Investment Fund
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Sudhir Sethi

Founder Chairman & MD, IDG Ventures India
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Sunil Mantri

Chairman, Mantri Realty Ltd
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Sunil Rohokale

CEO & MD, ASK Group
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Udai Dhawan

MD & India Head, Standard Chartered Private Equity
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Vikram Gupta

Founder & Managing Partner, IvyCap Ventures | @IvyCapVentures
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Vish Narain

Country Head, TPG Growth
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Viswanathan Parameswar

Executive Director, Adveq Management

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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 :

Trident Nariman Point, Mumbai

Date: 18 Feb 2015

Address:Trident Nariman Point, Mumbai
Maharashtra
Ph.: +91 - 22 - 6632 4343


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