VCCircle India Limited PartnersSummit 2020

Until a few months ago India had everything going for it. Despite the noise around global trade wars, India was basking in the glory of being the fastest-growing major economy. It had re-elected the ruling party to ensure policy continuity, the stock markets were at record highs and the pain of stressed assets had started to ease.

But the narrative has changed. Growth has slowed, consumer sentiment has turned sour, the stressed assets toxicity has spread from banks to the shadow banking system and an oil crisis is threatening to trip the economy further.

Ajit Kumar

Managing Partner, Evolvence India Fund

Sujeet Govindaraju

Director - Business Management, CPPIB

Responsible for deal sourcing across investment teams, relationship management with strategic partners and general management of CPPIB’s India office

Aditya Mohan

Senior Investment Officer for Asia, Triodos Investment Management

Aditya has a decade’s experience in finance and investing. He is currently Senior Investment Officer for Asia at Triodos Investment Management where he oversees a portfolio of equity and debt investments with a focus on financial institutions and agri-enterprises.

Sainath Ramanathan

Director - Private Equity, ICICI Venture

Sanjay Kaushik

Managing Director, Netrika

Alok Saigal

Sr. Managing Partner (Wealth Management), Edelweiss Financial Services

Puneet Bhatia

Senior Director (Real Estate), ICICI Venture

Ishita Vora

Head of Listings and Primary Markets, NSE

Sanganagouda Dhawalgi

Executive Director, Netrika

Nitesh Ranjan

General Manager, Union Bank of India

Aviral Jain

Managing Director, Siguler Guff & Company

Nitesh Ranjan is General Manager at Union Bank of India, heading Treasury & Business Strategy. He has an accomplished career of 18+ years across government sector

Neha Grover

Regional Lead, IFC

Norbert Fernandes

VP, TR Capital

Rishabh Mariwala

Founder, Sharrp Ventures

Nitai Utkarsh

Lead – Investment Strategy & Chairman’s Family Office, Hero MotoCorp Limited

Abhishek Paronigar

Director, Moravia Capital Investments

Dr. Bhaskar Dasgupta

Associate Director - Market Development (Financial Services Regulatory Authority), Abu Dhabi Global Market

Vineetha MG

Co-Founder, Samvad Partners

Mohan Kumar

Founder & Managing Partner, Avataar Venture Partners

Nikhil Vora

Founder & CEO, Sixth Sense Ventures

Pankaj Makkar

Managing Director, Bertelsmann India Investments

Satrajit Bhattacharya

Treasury, HDFC Ltd.

B Raghavendra Rao

Chief General Manager - Global Markets Dept, State Bank of India

Jeremy Foo

Principal & Co-Founder, Foundation Private Equity

Day 1

08:00 Hrs. onwards
Registration & Networking
09:20 – 09:35 Hrs.
Opening Address
By Jaideep Mehta, CEO, Mosaic Digital
09:35 – 10:20 Hrs.
Panel Discussion 1: Portfolio balancing and risk management
LPs have tried various mix of direct, co-investment and platform strategies to approach emerging markets like India. What is working best and why? With some LPs seeking more direct investments, what sort of risk management process have they put in place? How do LPs manage the potential conflict of interest while approaching direct deals with existing GP relationships in the same market?

Speakers:
Aditya Mohan, Senior Investment Officer – Asia, Triodos Investment Management
Aviral Jain, MD, Siguler Guff & Company
Sujeet Govindaraju, Director Business Management, CPPIB
Sainath Ramanathan, Director - Private Equity, ICICI Venture
Moderator: Ranjani Raghavan, Associate Editor, VCCircle
10:20 – 11:05 Hrs.
Panel Discussion 2: Due diligence: Under the scanner
There is a constant talk about better alignment of interest between LPs and GPs. Is there a gap to be addressed in data sharing and disclosures by GPs? How is the LP due diligence process on GPs evolving? How are GPs imbibing the ESG goals of LPs? And is there a clear understanding on how to define, monitor and measure these goals?

Speakers:
Ajit Kumar, Managing Partner, Evolvence India Fund
Neha Grover, Regional Lead - Disruptive Technologies and PE Funds group, IFC
Abhishek Paronigar, Director, Moravia Capital Investments
Vineetha MG, Co-Founder, Samvad Partners
Sanganagouda Dhawalgi, Executive Director, Netrika Consulting India Pvt. Ltd
Moderator: Beena Parmar, Special Correspondent, VCCircle
11:05 – 11:30 Hrs.
Networking over Tea/Coffee
11:30 – 12:15 Hrs.
Panel Discussion 3: Managing fund extensions and secondaries
Several PE and VC funds in India are living beyond their life cycles. What are the lessons from other markets in managing fund extensions and portfolio secondaries? Are GP-led secondaries ideal to hit the reset button?

Speakers:
Norbert Fernandes, VP, TR Capital
Ishita Vora, Head - Listings & Primary Markets, NSE
Jeremy Foo, Principal & Co-Founder, Foundation Private Equity
Moderator: Ranjani Raghavan, Associate Editor, VCCircle
12:15 – 13:00 Hrs.
Panel Discussion 4: Portfolio diversification in alternatives by domestic LPs
Unlike in developed economies, public markets and credit in emerging economies pose a challenge for GPs in competing for rupee capital from HNIs and corporate houses. Are GPs making the right product pitch to local investors? How do local LPs weigh the risk-reward ratio for alternatives compared to other asset classes?

Speakers:
Nitesh Ranjan, General Manager, Union Bank of India
Satrajit Bhattacharya, Treasury, HDFC Ltd.
B Raghavendra Rao, Chief General Manager - Global Markets Dept, State Bank of India
Puneet Bhatia, Senior Director (Real Estate), ICICI Venture
Moderator: Bruhadeeswaran R, Assistant Editor, VCCircle
13:00 – 13:15 Hrs.
Presentation
Forensic Due Diligence should be your first step, when planning an Investment!
Why Forensic Due Diligence is required? How it is important to help you make an informed decision / choice?

By Sanjay Kaushik, MD, Netrika Consulting India Pvt. Ltd
13:15 – 14:15 Hrs.
Networking Lunch
14:15 – 15:00 Hrs.
Panel Discussion 5: Family offices rebuilding foundation of domestic LP base
High net-worth individuals and family offices have become a key source pool for domestic fund managers to raise capital. How do family offices view the PE-VC fund ecosystem and how is their portfolio allocation changing to incorporate alternatives as an asset class? What would they like to see before signing bigger cheques more frequently?

Speakers:
Nitai Utkarsh, Lead – Investment Strategy & Chairman’s Family Office, Hero MotoCorp Limited
Rishabh Mariwala, Founder, Sharrp Ventures
Alok Saigal, Sr. Managing Partner (Wealth Management), Edelweiss Financial Services
Moderator: Narinder Kapur, Correspondent, VCCircle
15:00 – 15:45 Hrs.
Panel Discussion 6: Venture hygiene check
VC deal making in India is picking up pace again. How are VC funds dealing with renewed talk of a valuation bubble with some new ventures by successful entrepreneurs pocketing disproportionate sums? With SoftBank facing a reality check on the big cheques it has been signing down the years, what does it mean for the larger venture ecosystem from an exit lens? Are LPs keener to see specialised micro funds rather than larger-than-life sector-agnostic VCs?

Speakers:
Nikhil Vora, Founder & CEO, Sixth Sense Ventures
Pankaj Makkar, Managing Director, Bertelsmann India Investments
Mohan Kumar, Founder & Managing Partner, Avataar Venture Partners
Moderator: Joseph Rai, Special Correspondent, VCCircle
15:45 – 16:00 Hrs.
Global Lens: Special Address
How is Abu Dhabi building one of the fastest growing Innovation Eco-systems in the region?

By Dr. Bhaskar Dasgupta, Associate Director - Market Development (Financial Services Regulatory Authority), Abu Dhabi Global Market
16:00 Hrs.
Networking over Tea/Coffee & End of Conference