Programme

Wednesday 9 June 2010

08:00 Registration and coffee

08:30 Welcome remarks: Chairman’s opening address

Per Berglöf, Partner, DELPHI

08:40 Keynote address: Nordic economic environment and impact on alternative asset fund managers

Are we heading to financial stability?
Do we have facts confirming it?
The EU’s AIFM Directive

Lars Nyberg, Deputy Governor, RIKSBANK (Sweden’s Central Bank)

09:10 Generational shifts in private equity funds
Succession issues in funds – will the new generation secure confidence and money from LPs to raise new funds?

Åsa Hallert, Partner, EQT PARTNERS

9:40 Panel discussion: Managing venture capital investments

Venture investing trends
Comparing VC returns
What attracts most investments?
Where does VC focus lie? – innovative and unique ideas
Exit alternatives

Moderator: Anders Lindström, Partner, Corporate finance, DELPHI
Staffan Helgesson, Managing General Partner, CREANDUM
Pär-Jörgen Pärsson, General Partner, NORTHZONE VENTURES
Ben Holmes, Partner, INDEX VENTURES

10:20 Morning break and opportunity for networking

10:50 Fundraising in 2010 and beyond and deal-making in the post crisis times

Challenges to fundraising in the Nordic market
Views on GP strategies to raise capital from international institutions
Creating value
Expected costs, allocations and returns
Trends in fundraising 2012-2015
Scenarios for the industry

Joachim Høegh-Krohn, CEO, ARGENTUM FONDSINVESTERINGER

11:20 Panel discussion: Making the secondaries market work for you

What has happened to the much-anticipated glut of secondaries deal flow?
Who is buying and selling what, and why?
Where does secondaries pricing currently stand?
How are GPs engaging with the secondaries process in this environment?
How much access to information are buyers being given?
To what extent can a GP use the secondaries process to shape its LP base?
What role can secondaries houses play in helping a GP manage its legacy portfolio?

Moderator: Rob Savage, Investment Director, GREENPARK CAPITAL
Dylan Wolff, Partner, NORGESINVESTOR
Thomas Liaudet, Principal, CAMPBELL LUTYENS & CO.
Till Gutzen, Partner, CUBERA PRIVATE EQUITY

12:00 A peek into the future: The SVCA/Nordic unquote" trend report...Nordic PE/VC in 25 years
Marie Reinius, Managing Director, SVCA
Rikke Eckhoff, Editor, NORDIC UNQUOTE"

12.30 Lunch and an opportunity to visit the exhibition

13:30 Competition in the mid-market

Overview of the challenges for the mid-market
How proactive do you have to be with the deal sourcing?
Do we fear a bubble in the mid-market?
Do we want GPs to be there?

Moderator: Jan Johan Kühl, Managing partner, POLARIS PRIVATE EQUITY
Gustav Bard, Managing Director,3I NORDIC
Stefan Linder, Partner, ALTOR EQUITY PARTNERS
Iain Christie, Director, ALLIANCE TRUST EQUITY PARTNERS
Mikael Ahlström, Founding Partner, PROCURITAS AB

14:20 An update on terms & conditions and the impact of investor activism on the European fundraising market

Issues faced by GPs fundraising in the last 12 months and the issues they are likely to face over the next 12 months
Impact of ILPA Principles on fund terms
What changes we have seen to fund terms over the last 12 months and what terms investors focussed on
Brief look at the fund restructurings and reorganisations that have taken place

Nigel Van Zyl, Partner, SJ BERWIN
Sonya Pauls, Partner, SJ BERWIN

14.50 Opportunity for mezzanine - filling the financing gap

Market update
Structuring mezzanine deals
Expected mezzanine returns
Mezzanine market liquidity
Challengies and opportunities in the Nordic mezzanine

Pertti Nurmio, Managing Partner, ARMADA MEZZANINE

15.20 Afternoon break and opportunity for networking

15:40 Panel discussion: LPs' views on the future investment strategies and industries to invest

Listed private equity vehicles attracting new PE investors
Key criteria for fund allocation and return expectations
LP strategies for manager selection
LP motivations for selling fund interests

Jesper Knutssøn, Investment Manager, DANSKE PRIVATE EQUITY
Tim Creed, Executive Director, ADVEQ

Tom Berggren, Partner, OPTIMIZED PORTFOLIO MANAGEMENT
Alexander Brummeler, Director, WILSHIRE PRIVATE MARKETS GROUP

16.20 Panel discussion: Determining exit strategies

When is the right time to seek an exit in today’s market?
Key issues when preparing for a successful exit in current market
What exits are feasible in the future?
Current exit pricing and expected development
Trade buyer, secondary buy-out or IPO, where do we expect the strongest demand?

Moderator: Harold Kaiser, Managing Partner, LITORINA KAPITAL
Hadar Cars, Partner, EQVITEC
Staffan Ingeborn, Managing Investment Director, INNOVATIONSKAPITAL
Lars Tønnesen, Managing Partner, LD INVEST EQUITY
Lars Grinde, Managing Partner, NORVESTOR

17.00 Growth investment in the Nordic market

What do we mean by growth investment?
Growth prospects and macro environment
Growth trends across Europe - focus on immature markets
Case study – Espresso House in Sweden
What is the effect of growth investment on LPs? A look at stable returns across cycles

Erik Ferm, Partner, PALAMON CAPITAL PARTNERS

17:20 Chairman’s closing remarks

17.30 Networking drinks and reception