The Annual Stern VC & PE Conference

Bringing together venture capital & private equity thought leaders

On behalf of New York University’s Stern School of Business and the Stern Private Equity Club, we are pleased to invite you to the 12th Annual Stern Venture Capital & Private Equity Conference held on Friday, March 3rd, 2017. This year’s conference will provide a symposium for industry leaders to discuss opportunities, concerns and trends related to the private equity and venture capital environment in 2017. 

This year's participating firms will include:

HIG WhiteHorse

Insight Venture Partners

Kline Hill Partners

Kroll

New 2nd Capital

Ontario Teachers' Pension Plan

PineBridge Investments

P2 Capital Partners

Republic

Riverstone Holdings

Samsung Next Ventures & Empire Angels

Southpaw Asset Management

St. Augustine Capital Partners

Time Warner Ventures

W Capital Partners

WL Ross & Co

 

The Abraaj Group

Adam Street Capital

Actis

Apollo Global Management

AEA Investors

Barington Capital

BBG Ventures

Blackstone

Blue Harbour Group

Bloomberg Beta

Canada Pension Plan Investment Board

Collaborative Fund

Credit Suisse

Ernst & Young

Female Founders Fund

FrontFour Capital Group

General Catalyst Partners

 


 

Keynote Speakers

 

 
Joel Cutler .jpg

Joel Cutler

Co-Founder and Managing Director

General Catalyst Partners

Joel Cutler cofounded General Catalyst Partners with David Fialkow, whom Cutler met as an eight-year-old at a Maine summer camp. The duo went on to cofound three travel-related tech companies, later using that experience to invest in Kayak in 2004. The move paid off when General Catalyst got $460 million in Kayak's 2012 IPO and again in its $1.8 billion acquisition by Priceline in 2013. Other notable deals include Oscar, Warby Parker, Airbnb, Handy, Sabre, M.Gemi, Chloe + Isabel and Paribus. Cutler's previous investments include Venmo (sold to Braintree for $26.2 million in 2012), ITA Software (sold to Google for $700 million in 2011), GroupMe (sold to Skype for a reported $85 million in 2011), GameLogic (sold to Scientific Games Corp. in 2010) and Reveal Imaging (acquired by SAIC in 2010). Cutler has a strong interest in consumer companies, especially those related to commerce, travel or conversational tools for mobile. Cutler's attitude toward the current fundraising market: "Really good startups and really good venture firms will still have really good access to capital." Grateful for the care he received at Boston Children's Hospital as a child, Cutler now serves on the hospital's board and helps with its fundraising efforts. 

Michael Chae .jpeg

Michael Chae

Sr. Managing Director and Chief Financial Officer

Blackstone

Michael S. Chae is the Chief Financial Officer at Blackstone and serves on the Management Committee. Mr. Chae has management responsibility over the firm’s global finance, treasury, technology, and corporate development functions. Since joining Blackstone in 1997, Mr. Chae has served in a broad range of leadership roles including Head of International Private Equity, Head of Private Equity for Asia/Pacific, and overseeing Private Equity investments in various sectors and the investment process for the Tactical Opportunities fund. Mr. Chae led or was involved in numerous Blackstone investments over that time period. Before joining Blackstone, Mr. Chae worked at the Carlyle Group, L.P. and prior to that with Dillon, Read & Co. Mr. Chae graduated magna cum laude from Harvard College, and received an M.Phil. in International Relations from Cambridge University and a J.D. from Yale Law School. He has served on numerous boards of private and publicly traded portfolio companies. Mr. Chae is a member of the Board of Trustees of the Lawrenceville School and Chairman of its Investment Committee, and a member of the Council on Foreign Relations and the Board of Trustees of the Asia Society.

 


Panels

I. MORNING SESSION 1 10:00AM - 11:00AM

EMERGING MARKETS: Real Estate & Infrastructure

The emerging markets panel will focus on the unique challenges and opportunities for investing in real estate and infrastructure projects abroad.  What special criteria do investors use to determine where and how to invest in emerging markets?  How are infrastructure and real estate markets different in emerging markets?  Panelist will discuss their experiences working in Africa, Latin America, the Middle East and Asia and predict what one might expect from emerging markets PE in the future

 

assessing the venture capital valuation bubble

The VC Valuation Bubble panel will explore the impact of New Venture Funding and ways to fix it. The last decade with high activity of venture capital activity, peaking in 2015, has led to amazing new products but has sparked high spending on early stage companies. The often-high valuations spark a butterfly effect, with other VC valuations benchmarking each other. Panelists will share their views about the current valuations, trends and impact of rising interest rates on future valuations in the industry. 

 

II. MORNING session 2 11:15AM - 12:15PM

Evaluating new paradigms in venture capital: beyond the sharing economy

As veteran VCs collect and tell their infamous stories of missed opportunities to invest in Uber or AirBnb, this panel will take a look at how early stage venture capital firms are looking beyond the sharing economy, the opportunities that they see for further disruption of stagnant industries, and how they are beginning to evaluate tomorrow's potential paradigm, today. 

 

Beyond traditional private equity investments

The panel on alternative private equity investments will focus on the ways in which the relationship between general partners and limited partners has evolved and will continue to change with lower return targets, longer investment horizons, and permanent capital vehicles. Additionally, panelists will discuss limited partners' involvement in co-investments and directly leading transactions in select situations.

 

III. Afternoon Session 1 1:45PM - 2:45PM

distressed energy

The distressed energy panel will explore the recent period of extreme volatility in the energy industry and its impact on investment opportunities. With WTI prices below $30 just a year ago, many energy companies faced liquidity and leverage concerns, leading them to seek alternative sources of capital. Panelists will discuss investment strategies and structures in this environment, and how the recovery in oil prices in recent months has affected previous investments and the landscape moving forward.

 

blurring the lines: Private Equity and activist investing

This panel will explore the growing intersection between private equity and activist investing in recent years, as activist investors and private equity firms have begun to adopt similar strategies and compete in the same arena. Panelists will share their experiences and discuss current trends in the evolving relationship between private equity firms and activist investors.

 

IV. AFTERNOON session 2 3:00PM - 4:00PM

private debt

Private debt financing leads to high yield illiquid securities decoupled from traditional asset classes. As such, only highly experienced fund managers with verifiable track records and differentiated investment approaches typically invest in the space. This panel will see industry savants discuss the re-emergence of this sleeping giant.

 

pros and cons of financial engineering in secondary transactions

With the recent explosion of participants in the secondary market and an increase in dedicated institutional buy side capital, secondary firms have seen a trend towards the use of financial engineering and leverage in order to differentiate their return profiles.  Our expert panelists will discuss the pros and cons of such engineering and how the market's demands continue to change.  

 

Catering

The Stern Venture Capital Private Equity Conference is excited to invite you to join us for breakfast, coffee, a multi-course plated lunch, and an evening cocktail party with complimentary hors d'oeuvres and open bar.

Media

Please note that the Stern Venture Capital Private Equity Conference is an off-the-record event and that recording of the event is prohibited.

 

 

 

 

 

 

 

 

 

 

 

Agenda

  • 8:30 AM - 9:00 AM
    Breakfast & Registration

  • 9:00 AM - 10:00 AM
    WELCOME REMARKS: Dean Peter Blair Henry
    OPENING KEYNOTE: Joel Cutler, Managing Director and Co-Founder General Catalyst

  • 10:00 AM - 11:00 AM
    PANELS:
    Emerging Markets Real Assets
    Assessing the Venture Capital Valuation Bubble

  • 11:15 AM - 12:15 PM
    PANELS:
    New Economic Paradigms in Venture Capital
    Beyond Traditional PE Investments

  • 12:15 PM - 1:45 PM
    Lunch and Networking Session

  • 1:45 PM - 2:45 PM
    PANELS:
    Distressed Energy
    Private Equity and Activist Investing

  • 3:00 PM - 4:00 PM
    PANELS:
    Private Debt
    Pros and Cons of Financial Engineering in Secondary Transactions

  • 4:15 PM - 5:00 PM
    CLOSING KEYNOTE: Michael Chae, CFO Blackstone

  • 5:00 PM - 6:00 PM
    Cocktail Hour


Venue

NYU Kimmel Center
60 Washington Square S
New York, NY 10012

(Corner of LaGuardia Place & Washington Square South)

Transportation

NYU provides detailed instructions on reaching the Washington Square Park neighborhood. The Kimmel Center is immediately south of the park.

Accommodations

NYU provides a list of hotels it recommends staying with

 

 

Sponsors

Platinum Sponsor

Gold Sponsors

Silver Sponsor

 

Media Sponsors

 


Contact Us

 

Please use the form to the right for all conference-related inquiries.

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