08:00 - 8:45
Welcome - Coffee & Registration
9:00 - 10:00
Liongate Capital Management
Managing Director and CIO - Liongate Capital Management
Randall Dillard is a Managing Director and the Chief Investment Officer of Liongate CapitalManagement. Previously, he was at Nomura International as Managing Director of Investment Banking and also the founding Global Head of Merchant Banking, which managed substantial discretionary and principal investments on behalf of Nomura. The scope of investment activities included a broad range of financial instruments relating to equity, fixed income, derivatives, foreign exchange, private equity and emerging markets.
Mr. Dillard was previously in investment banking with Merrill LynchInternational and a solicitor in sovereign and corporate finance law at Clifford Chance Solicitors. He has post-graduate degrees in public administration, US law and public international law. He is a permanent faculty Common Fellow of Pembroke College, University of Cambridge, which founded the “Randall Dillard Fellowship” for post-doctoral research in International Relations and Conflict Resolution. During his career, he has acted as advisor or financier of 17 governments and numerous companies.
10:00 - 10:45
Accessing Global GrowthKurt Björklund
Co-Managing Partner - Permira
Kurt became Co-Managing Partner of Permira in 2008. He serves on the Board and is a member of the Investment Committee. Kurt joined the London office in 1996 and became a Partner in 2001. Between 2003 and 2008 he was responsible for the Nordic office. Kurt has been involved in a number of transactions including AU System, Inmarsat and TDC.
Kurt has a degree in Economics from SSEBA, Finland, and an MBA from INSEAD, France. He has also completed graduate studies at the Rensselaer Polytechnic Institute in New York, USA.
10:45 - 11:05
11:05 - 12:05
Terra Firma Capital Partners
Chairman and Chief Investment Officer - Terra Firma
Guy is Terra Firma’s Chairman and Founder. He is the Chief Investment Officer and sits on the boards of the General Partners and heads Terra Firma’s Management Committee.
Guy started his career with Goldman Sachs International where he went on to become Head of Eurobond Trading and then Head of Goldman Sachs’ Global Asset Structuring Group. During this time, Guy was a pioneer of the global securitisation markets, extending the practice beyond simple debt instruments to include assets such as shopping malls, mobile home parks and distressed loans.
Guy left Goldman Sachs in 1994 for Nomura International plc, where he established the Principal Finance Group (PFG). In 2002 he led the spin-out of PFG to form Terra Firma. Over the last 20 years, Guy has overseen the investment of more than €16 billion in 33 businesses with a total enterprise value of more than €47 billion.
Guy has an MA in Politics, Philosophy and Economics from Mansfield College, Oxford University. He was elected a Global Leader of Tomorrow by the World Economic Forum in 2000 in recognition of his achievements. In 2012 Guy was named the 20th most influential figure in Private Equity International’s ‘100 Most Influential of the Decade.’
Guy is also the President of ‘Access for Excellence’, a campaign based at Mansfield College, Oxford which promotes the broadest possible access to higher education in the UK. He is a Bancroft Fellow of Mansfield College, Oxford and a member of the University of Oxford Chancellor’s Court of Benefactors. Additionally, Guy is a Fellow of the Duke of Edinburgh’s Award Scheme.
Guy is married with four children. His interests include photography, gardens and his family.
12:05 - 13:15
13:15 - 14:15
Portfolio Manager - Avenue Capital
Mr. Lockhead is a Portfolio Manager responsible for identifying, analysing and executing investment opportunities in the loan origination business for the Avenue Europe Strategy. Prior to joining Avenue in 2012, Mr. Lockhead was a Managing Director and Head of Sponsor Leveraged Finance at Bank of America Merrill Lynch (“BOA”). Prior to that, Mr. Lockhead was a Managing Director in the Financial Sponsor Coverage and Leverage Finance groups at BOA. Previously, he worked for Barclays Capital in their Leveraged Finance & Sponsor Coverage Group and NatWest Markets in their Acquisition Finance team. Mr. Lockhead received a first class honours degree in Banking & Finance from Loughborough University (1991).
Mr. Harrington is a managing director and head of research for Thiel Macro LLC, and its predecessor fund Clarium Capital Management before 2012. Prior to joining Clarium in the spring of 2003, Mr. Harrington was a PhD candidate in physics at Stanford University, consulted for Stanford’s CISAC/Institute for International Studies on fissile materials protection and national infrastructure security, conducted mathematics research for the Department of Defense, and received a BS in mathematics and physics from the University of Idaho.
Macro vs ManagementZeina Bain
The Carlyle GroupDirector - The Carlyle GroupZeina J. Bain is a Director advising on European buyout opportunities. She is based in London.Prior to joining Carlyle, Mrs. Bain was an Associate at European Digital Capital, a technology venture capital fund. Before that, she was an Investment Banking Analyst in the Emerging Markets group at Merrill Lynch.Mrs. Bain received her B.A. in philosophy, politics and economics from Oxford University.Mrs. Bain is a member of the Board of Directors of Chesapeake and the RAC and observer on the Board of Axalta Coating Systems. She has previously served on the boards of Firth Rixson, AZ Electronic Materials, Britax Childcare and Stahl Holdings.
14:15 - 15:10
To be announced
Macroeconomics & Financial MarketsSavvas Savouri
Hedge Fund SeedingErik Serrano Berntsen
Erik Serrano Berntsen CEO of EAS. Prior to EAS, he was a Consultant with Bain & Co. in London, where he consulted on private equity deal studies and investment opportunity sizing deals, as well as a broad spectrum of corporate engagements across sectors such as asset management, insurance, and supermajors. During his time at Bain he was also an advisor to the Prince’s Trust, including advising on the UK-wide Volunteer Strategy initiative. Erik holds a Master of Arts in Politics, Philosophy and Economics from Keble College, University of Oxford, and a Masters of Business Administration with honours and a Concentration in Finance from the University of Chicago Booth School of Business.
EAS is a hedge fund seeding firm that backs top trading talent globally to build institutional quality asset management firms.
15:10 - 15:30
15:30 - 16:30
CEO - Man Group
Emmanuel Roman, CEO of Man Group plc (‘Man’) since February 2013, received an M.B.A. in Finance and Econometrics from the University of Chicago in 1987 and a bachelor’s degree from the University of Paris in 1985.
He joined Goldman Sachs in 1987 where he worked in a variety of areas including fixed income, investment banking and capital markets, becoming co-head of Worldwide Equity Derivatives in 1996. In 1998 he was elected to partnership. In 2001 he was appointed co-head of Worldwide Global Securities Services and in 2003 he also became co-head of the European Equities Division.
In September 2005, after 18 years at Goldman Sachs, Emmanuel (known as Manny) joined GLG Partners LP as co-CEO where he was responsible primarily for building the business in terms of sales, infrastructure and support. In October 2010, on completion of the acquisition of GLG by Man Group plc, Manny became COO of Man, a group-wide role with primary responsibility for integrating the GLG acquisition.
He joined the Board of Man in May 2011 and was appointed President & COO in July 2012 and CEO with effect from 28 February 2013.
16:30 - 17:30
17:30 - 18:30
Anthony Scaramucci, Co-Managing Partner & Founder
Anthony Scaramucci is co-managing partner and founder of SkyBridge Capital, a global alternative investment firm with approximately $12.1 billion in assets under management and advisement as of September 30, 2014. Founded in 2005, the firm offers investment services for commingled funds of hedge funds products, customized separate account portfolios, hedge fund advisory services and a long-only mutual fund. The firm also produces the SkyBridge Alternatives (“SALT”) Conference, the global investment management industry’s premier thought leadership forum and power networking event.
A frequent commentator and speaker, Mr. Scaramucci is the author of The Little Book of Hedge Funds: What You Need to Know About Hedge Funds but the Managers Won’t Tell You (Wiley: May 2012) and Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul (Wiley: May 2010). He is a regular contributor to Fox Business Network and Fox News Channel.
Prior to founding SkyBridge, Mr. Scaramucci co-founded Oscar Capital Management, an investment partnership and managed accounts business which was sold to Neuberger Berman, LLC in 2001. Upon Neuberger Berman’s sale to Lehman Brothers in 2003, he served as a managing director in its Investment Management Division. From 1989 to 1996, Mr. Scaramucci was at Goldman Sachs & Co., where in 1993 he became a vice president in Private Wealth Management.
A graduate of Tufts University, Scaramucci holds a B.A. in Economics as well as a J.D. from Harvard Law School. He is a board member of The Brain Tumor Foundation, Business Executives for National Security (BENS) and Warrior Gateway, and a former member of the New York City Financial Services Advisory Committee (2007-2012). In 2011, he received the Ernst & Young Entrepreneur Of The Year® New York Award in the Financial Services category.
8:00 - 8:30
8:30 - 9:15
Economies and Markets 360: What’s Changed Since the Financial Crisis and Where are We Headed?Daniel Arbess and Gerard Baker
Perella Weinberg Partners and The Wall Street Journal
Daniel J. Arbess
Perella Weinberg Partners
Partner, Former CIO - Xerion Funds
Mr. Arbess is a Partner at Perella Weinberg Partners (a financial services firm with approximately $11.5 billion of investor assets under management). He has been professionally involved in global themes and event-driven opportunities since beginning his professional career at White & Case in 1987. As the youngest partner in that law firm's history, and eventually Head of its Global Privatization Group, he advised European and other emerging market governments on economic transition, industrial reorganization and privatization. Mr. Arbess became an investment principal in 1995. He launched Xerion Capital Partners with the backing of Paloma Partners in 2003, merging it into Perella Weinberg Partners in 2007.
The $3 Billion Xerion Funds pursued an opportunistic, multi-asset class investment strategy, targeting multi-year transformative corporate events (such as financial restructuring and M & A), pivotal business trends, and changes in government policy affecting the macro environment. The Xerion Funds generated 12-year net returns of +240% (11% annualized), including +112% (21% annualized) during the financial crisis and recovery (’07-’10).
Mr. Arbess received a Bachelor of Laws from Osgoode Hall Law School in Toronto, and a Master of Laws from the Harvard Law School. He is a member of the Council on Foreign Relations, the Atlantic Council and a frequent writer and media commentator on macro-economics, investing and global markets.
Editor-in-chief of the Wall Street Journal and Dow Jones
Gerard Baker is Editorin Chief of Dow Jones and The Wall Street Journal. He served as Deputy Editor in Chief between 2009 and 2013. Previously, he was U.S. editor and an assistant editor of the Times of London. In 1994, he joined the Financial Times as Tokyo correspondent, moving on to head the paper's Washington bureau and serving as the FT's chief U.S. commentator. He also covered economics for the BBC and worked as an economist at the Bank of England and Lloyds. Mr. Baker holds a degree in philosophy, politics and economics from Corpus Christi College, Oxford University.
9:15 - 10:00
Managing Director & Head of Infrastructure at CPPIB
Cressida is responsible for overseeing CPPIB’s significant global infrastructure program. Prior to joining CPPIB in 2014, Cressida was the Managing Partner of 3i’s infrastructure business, leading deals in a variety of sectors.
Cressida holds a B.A. in Politics, Philosophy and Economics from St. John’s College Oxford and an MBA from the London Business School.
10:00 - 10:45
Real Estate Investing
With representatives from CPPIB
10:45 - 11:00
Sponsored by CPPIB
11:00 - 11:45
Trends in the global CTA industryTim Wong
Executive Chairman - AHL
Tim Wong is the Executive Chairman of Man AHL (‘AHL’), which was formed through the merger of Man’s two quantitative investing businesses in February 2013. Tim is also a member of the Man Executive Committee. Prior to this he was the CEO of AHL for 10 years. He joined AHL in 1991 as a research analyst, and later assumed overall responsibility for the day-to-day running of the research and investment management operations.
Tim graduated from the University of Oxford in 1991 with a first class honours degree in Engineering Science. He subsequently gained an MSc in Statistics and Operational Research from London University. He is an associate of the UK Society of Investment Professionals..
11:45 - 12:30
Policy Divergence: A Brave New WorldRichard Howard
Hayman Capital Management
Managing Director and Global Strategist - Hayman Capital Management
Richard's responsibilities include the firm's macroeconomic and geopolitical research, as well as investment thesis generation for non-US interest rates, foreign exchange, equities, and sovereign credit. Prior to joining the firm in March 2007, Mr. Howard spent two years in Washington D.C. as a Strategic Consultant with Clark & Weinstock. During this time, he represented
12:30 - 13:15
13:15 - 14:15
To be announced
Founder and Managing Partner - Greenoaks Capital
Neil Mehta is the Founder and Managing Partner of Greenoaks Capital, a privately held global investment firm. Previously, Neil was a senior investment professional responsible for special situations investments in India, the Middle East, and Southeast Asia for Orient Property Group, a Hong Kong based firm financed by D.E. Shaw & Co. Neil also invested in private businesses at Kayne Anderson Capital Advisors, an alternative investment firm based in Los Angeles, California.
Neil holds a BSc in Government from the London School of Economics.
Anatomy of a Private Equity DealMiray Topay
14:15 - 15:10
VC PanelRory Stirling, Daniel Waterhouse, Mark Gracey
Balderton Capital, MMC Ventures, SEP
Mr. Rory Stirling is a partner of MMC, having joined the company in 2009. He is responsible for leading new investments and representing MMC on portfolio company boards. Rory is passionate about technology, particularly within the internet, mobile and software sectors. Rory has led investments in AlexandAlexa, LoveHomeSwap, Masabi, NewVoiceMedia, Reevoo, Somo, TyresontheDrive, Wedo and Wool, Appear Here, PayasUgym, BrightPearl, Pact and the Gang. Before joining MMC, Rory was in the UK mergers and acquisitions team at Greenhill, before going on to found a start-up business in the social media space. He has an MA in Economics from Edinburgh University.
Daniel has over 14 years’ experience investing and working with internet companies. He spent five years as a partner at Wellington Partners, where he led investments in 11 companies and sat on the board of many of them. He covered opportunities across Europe and was an investor, often providing the first institutional money, in a number of fast-growing companies including Hailo, YPlan, SumAll, EyeEm and Qype (sold to Yelp).
Before joining Wellington, Daniel was a partner at 3i where he worked on all of their venture and private equity investments in the internet sector in North America and Europe. Prior to that, he was at Yahoo! for six years from 1999, covering strategic development and M&A across the European region.
He has a PhD and MA in applied mathematics from Oxford University and a Chartered Diploma in Accounting and Finance.
Mark is focused on SEP’s software and web technology portfolio and is on the board of Socialbro (Enterprise twitter tools) and Hetras (Saas for hotel management), and was previously the SEP board observer at Skyscanner (flight search), Control Circle (managed services) and Surfkitchen (mobile internet platform sold to Teleca). Before joining SEP, Mark founded and ran the European operations of network security OEM, Sensory Networks and was previously responsible for the switching platform at WATRI spinout, Xelor (voip telephony provider). Mark has also worked as a professional engineer for 7 years focusing on high-speed semiconductors and airborne image acquisition. (BE, BEc, MEc, CPEng).
Patron Capital Partners
Founder and Managing Director - Patron Capital Partners
Mr. Breslauer founded Patron Capital in 1999 and is the Managing Partner of Patron Capital Advisers, the investment adviser to the Patron Capital Funds (including Patron Capital Captive Fund, Funds I – IV). Total capital under management represents approximately €2.5 billion from leading U.S. and European institutions, endowments, pension funds and family offices. The Patron Funds primarily focus on investments in companies and assets associated with property and property related activities.
Patron Capital’s investments include corporate investments ranging from private equity with supporting assets to direct property investments. Patron’s primary focus is in Europe, with investments having been made in 13 countries. Patron, with 70 people is based in London with offices in Barcelona, Milan and Luxembourg with asset management platforms in Dreieich (Frankfurt) Germany, Warsaw and Bucharest. Patron’s portfolios now include approximately 40 million square feet of different types of properties and investment in various companies, both public and private.
Mr. Breslauer began his career at Lehman Brothers, where he worked for approximately ten years until 1997. At Lehman Brothers, Mr. Breslauer was involved in and led many transactions in the U.S. distressed markets in the 1980s and 1990s. In 1993, while with Lehman Brothers, he moved to London and assisted in creating and leading the Principal Finance Group to invest in financial institution and property assets and companies, and served as the co‐head for the International Mortgage and Real Estate Department until 1997. In 1997, Mr. Breslauer left Lehman Brothers to create and manage an investment fund focusing on smaller European property and property‐related opportunities which was a bridge to the ultimate formation of Patron.
Mr. Breslauer is active in many charities with current and previous roles including acting as the Trustee for the Royal Marines Charitable Trust Fund, the Co‐Chairman of the European Supervisory Board of the Chicago Booth School of Business (University of Chicago), Director on the Advisory Committee Board for the Social Enterprise Initiative, Governor of North London Collegiate School, Senior Patron of the Royal Hasler Company, the Prince’s Teaching Institute and the Prince’s Regeneration Trust (Prince’s Trust) and Senior Patron to many other charities.
Mr. Breslauer is a Guest Lecturer at Harvard Business School, Chicago Booth (University of Chicago Business School), Said Business School (University of Oxford) and Imperial College Business School.He holds a Master of Business Administration (MBA) degree from the University of Chicago and a Bachelor of Science (BSc) degree from the New York University School of Business.
Mr. Breslauer has resided in London for the past twenty‐two years with his wife and four children and is a citizen of the United States. Mr. Breslauer is an accomplished alpinist, mountaineer and skier.
WorkshopJonathan Angell and Douglas Getter
Jonathan Angell represents both listed and unlisted companies, equity finance providers and others on the full range of domestic and cross-border M&A and joint venture transactions.
In addition, Mr. Angell regularly advises leading UK, European and US private equity firms in connection with leveraged buyouts, P2Ps, secondary buyouts and growth/venture capital investments. He also has fund formation experience, representing limited partners in connection with private equity investments.
Mr. Angell also has extensive experience in the energy sector covering downstream oil and gas, coal bed methane, solar, carbon credits and regulation.
He is "rated very highly" in Chambers UK, 2015 for corporate/M&A: mid-market, "with sources noting his pragmatism and engagement on projects." He is also recommended in The Legal 500 UK, 2014 for private equity transactions and for M&A, where he is recommended for his ability to "remain calm despite huge transaction pressures." He is noted in the 2013 edition as providing "legal advice that is anchored in commerciality." He is also recommended in The Legal 500 UK, 2013 for private equity where his team was noted as attracting praise for its "multi-jurisdictional strength on company law issues." In 2012, he was highlighted for his “breadth of experience, intelligence and commerciality” and he was described in 2011 as “top class” and as displaying “a really good commercial understanding.”
Mr. Angell previously worked in-house for GE Commercial Finance, providing advice on direct equity investments, leveraged finance transactions and investments in third party private equity funds.
Mr. Angell is a trustee of RAFT (Restoration of Appearance and Function Trust), an independent charity working to prevent and improve the treatment of major traumas such as burns, wounds and cancers of the skin through advances in medical research and in reconstructive plastic surgery.
Douglas L. Getter, head of Dechert’s U.S. corporate practice in Europe and corporate team in London, has extensive experience in U.S. and cross-border M&A transactions, private placements, public offerings and joint ventures, representing purchasers, sellers, issuers, financial advisors, joint venture partners, underwriters, placement agents and depositaries and works regularly with major corporates, private equity houses and hedge and alternative asset funds.
Mr. Getter is mentioned in Chambers UK 2014 for corporate/M&A and in The Legal 500 UK 2014 for M&A: mid-market, private equity transactions and finance: emerging markets. Chambers Global 2013 also recognised his work with cross-border transactions, corporate fundraisings and US securities matters and he is highlighted as "a cross-border specialist with vast experience in US transactions". He is mentioned for M&A and emerging markets in The Legal 500 UK 2013. The Legal 500 UK 2012 describes Mr. Getter as “a dedicated leader and, more importantly, an experienced professional with unquestionable commitment to ethical values and service”. In 2011, the directory described him as “extremely well-regarded” and in 2010 recognized his team as “excellent” and “highly efficient with a practical solutions-based approach”.
15:15 - 15:35
15:35 - 16:30
Kohlberg Kravis Roberts & Co.
16:30 - 17:30
KeynoteChristian Lucas and Joe Osnoss
Silver Lake Partners
Joe Osnoss, Managing Director (New York)
Joe joined Silver Lake in 2002 and is a Managing Director. From 2010 to 2014, before returning to the U.S., he was based in the firm’s London office, where he helped oversee the firm’s activities in Europe, the Middle East, and Africa. He is a director of Global Blue, Interactive Data Corporation, Sabre Corporation, and Virtu Financial, and previously served on the boards of Instinet Incorporated and Mercury Payment Systems. Prior to joining Silver Lake, Mr. Osnoss worked in investment banking at Goldman, Sachs & Co., where he focused on mergers and financings in the technology and telecommunications industries.
Christian Lucas, Managing Director (London)
Christian is a Managing Director of Silver Lake which he joined in 2010 to help oversee the firm’s activities in Europe, the Middle East, and Africa. Mr. Lucas worked for approximately 16 years as an investment banker focusing on the technology, digital media, and telecommunications industries in Europe. From 2004 to 2010, Mr. Lucas was a Managing Director and Head of the Technology group at Morgan Stanley’s investment bank. Mr. Lucas is currently a board member of Global Blue and Soitec and has been appointed as a French Foreign Trade Advisor in the UK.
17:30 - 18:30
Private Equity PanelAlan Giddins, Rob Seminara, Melissa Bethell, Christian Lucas, Graham Elton
3i, Apollo Global Management, Bain Capital, Silver Lake Partners, Bain & Company