AVCJ Taiwan Forum Programme

Wednesday, 6 December 2017

08:15

Registration and refreshments

08:50

Welcome address

09:00

Opening keynote address

09:30

Private equity in Taiwan: Learning from other markets
Private equity investors have found plenty of success in Asia. From buyouts in Australia and South Korea, to venture funding and growth investing in China and India, there opportunities to create and nurture great companies are ample. Taiwan, with its new regulations allowing more entrants into private equity, a strong sense of entrepreneurship, competitive strengths in technology and a flourishing LP community, has the potential to develop a dynamic ecosystem that will attract investors in the future. An international panel of leaders share how their local markets have developed, the mistakes made and the lessons learnt.

  • What are the most important factors influencing private equity success in Asia?
  • What role can the government play in nurturing private equity? 
  • Where are the most attractive opportunities in Asia, and how can Taiwan participate? 
  • How does Asian private equity compare with its peers in other markets?
10:30

Networking break

11:00

The next generation of Taiwanese GPs
The PE market in Taiwan is experiencing a period of change. The Financial Supervisory Commission (FSC) of Taiwan has approved securities investment trusts and asset management firms to operate PE funds, as a way to encourage private investment in the local economy, boost local assets under management, and transform the finance industry. The new batch of GPs, with their established networks of institutional and high-net-worth investors, have the potential to become future industry leaders whilst creating a stable PE investment market. Our panel will discuss:

  • How will the new regulations affect the PE ecosystem in Taiwan? 
  • What is the key investment focus of the new funds and are there enough local opportunities?
  • What competitive edges do new fund managers possess and what challenges do they face?
  • How can foreign fund managers gain access so the domestic industry can utilise their expertise and experience?
12:00

Networking lunch

13:00

Fireside chat 

13:30

What's next for Taiwan M&A?
Taiwanese M&A experienced a robust 2016 with deal values reaching a record-breaking US$13 billion mostly spurred by technology consolidation. 2017 has seen a cooling off of this buying frenzy, however, Taiwanese conglomerates are instead attempting to make more notable/sizeable acquisitions outside of their home markets to grow and stay ahead of their competitors. Further consolidation of the semiconductor industry and the need for technological advancements in traditional industries will continue to drive deal flow. Our panel of senior dealmakers discuss:

  • Where and which sectors present the most attractive M&A opportunities?
  • How are consolidations and restructurings playing a role in the market?
  • How can PE add value to strategic investors in M&A and what are the successful examples of PE and corporate partnerships? 
  • What is the outlook for 2018 and beyond?
14:30

Revitalising Taiwan: Fostering a culture of innovation to drive the economy
The Internet of Things, artificial intelligence, machine learning, autonomous vehicles and virtual reality are revolutionising business as well as people's lives. Governments, corporates, and private market investors across the globe are betting on disruptive innovations to deliver the next wave of ground breaking technologies. Venture capital has been a key driver that contributed to Taiwan's place as one of the regional tech hubs, and the domestic players have the potential to take advantage of the next tech revolution. Our panel of entrepreneurs and tech investors will discuss:

  • What fundamental technology shifts in the next ten years will have the biggest impact on investment theses and portfolio returns?
  • How can investors and their portfolios best take advantage of new and disruptive technologies?
  • What innovations can revolutionise traditional industries? Which sectors present the greatest risks and rewards in Taiwan?
  • How can VCs revitalise innovation in Taiwan?
15:30

Networking coffee break

16:00

Where, why, and how should LPs invest in private markets in 2018?
Taiwanese LPs and their international counterparts continue to increase their allocations into alternatives in search of yield. As experienced Taiwanese LPs become more sophisticated, they look to review their investment strategy and rebalance their global portfolios where necessary. The newer LPs, the national investment company and high-net-worth individuals in particular, present a new source of funding for local GPs, as they first seek to commit capital to the local players. Our panel of local and global LPs share their views on private markets and discuss what strategies to employ, as well as how to build a balanced portfolio in the current investment climate. Our panel will discuss:

  • Which asset classes, markets, and sectors will deliver the best returns in the next five years?
  • How do you measure your allocations to PE, infrastructure, credit/debt, and secondaries to create a balanced portfolio?
  • Why are allocations to private debt on the rise in Taiwan and the rest of Asia?
  • How do LPs view Taiwan as an investment destination and the ability of the domestic GP market?
17:00

Closing remarks

17:05

Cocktail reception

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