The 2016 Private Equity Symposium

Welcome and Introduction

• Professor Sir Andrew Likierman, Dean of London Business School

Keynote Introduction

• Professor Florin Vasvari, London Business School

Keynote: How will Private Equity Firms Navigate the Current Competitive Environment? 

•  Speaker: Dan D’Aniello, The Carlyle Group

Panel I: Deal Origination Strategies

• Charlie Johnstone, ECI Partners
• Ian Sale, Lloyds TSB Mark Geday
• Herbert Smith Freehills LLP
• Moderator: Jacques Callaghan, Macquarie Capital

Panel II: LP Perspective: Identifying the Value-Creating Funds

• Ophir Shmuel, Mvision Private Equity Advisers
• Peter Friere, ILPA Vaughn Brock, Veritas Family Partners
• Mark Weston, Triton Partners
• Moderator: George Anson, HarbourVest

Keynote Introduction by Professor Francesca Cornelli, London Business School

Keynote II

• Speaker: Howard Marks, Oaktree Capital Management
• Keynote: Introduction by Professor Eli Talmor, London Business School

Keynote III: Operational Improvement

• Speaker: Thomas von Koch, EQT Partners

Panel III: Operational Improvement in a Low Growth World

• Juan de Ochoa, KKR Capstone
• Roanne Daniels, Bain Capital Private Equity
• Zeina Bain, The Carlyle Group
• Sabine Demkowski, Better Boards
• Moderator: Mark Veldon, AlixPartners

Closing Remarks

• Professor Francesca Cornelli, London Business School

Discussion 1: Pay Now or Pay Later? The Economics within the Private Equity Partnership

• Presenter: Victoria Ivashina, Harvard Business School
• Co-author Josh Lerner
• Discussant Ashwini Agrawal, London School of Economics

Discussion 2: Measuring Institutional Investor Skill from their Investments in Private Equity 

• Presenter: Michael S. Weisbach, Ohio State University, NBER, and SIFR
• Co Authors Daniel R. Cavagnaro, Berk A. Sensoy, Yingdi Wang
• Discussant: Ludovic Phalippou, SaÏd Business School, Oxford University

Discussion 3: Spreading Sunshine - Fair Value Accounting and Information Production 

• Presenter Nicholas Crain, Owen Graduate School of Management, Vanderbilt University 
• Co Author Kelvin K. F. Law
• Discussant: Florin Vasvari, London Business School

Discussion 4: Impact Investing

• Presenter: Ayako Yasuda, Graduate School of Management, University of California, Davis 
• Co Authors Brad M. Barber, Adair Morse
• Discussant: Oğuzhan Karakaş, Carroll School of Management, Boston College 

Discussion 5: How Sensitive is Entrepreneurial Investment to the Cost of Equity?

• Presenter: Juanita González-Uribe, London School of Economics
• Co Author Daniel Paravisini
• Discussant: Shai Bernstein, Graduate School of Business, Stanford University

Discussion 6: Inside Rounds and Venture Capital Returns

• Presenter: Michael Ewens, California Institute of Technology
• Co Authors Matthew Rhodes-Kropf, Ilya Strebulaev
• Discussant: Song Ma, The Fuqua School of Business, Duke University

Discussion 7: Private Equity’s Unintended Dark Side - the Economic Consequences of Excessive Delistings

• Presenter: Joacim Tåg, Research Institute of Industrial Economics
• Co Authors Alexander Ljungqvist; Lars Persson
• Discussant: Armando Gomes, Olin School of Business, Washington University in St. Louis

Pay now or pay later? The Economics within the Private Equity Partnership

• Presenter: Victoria Ivashina, Harvard Business School
• Co-author Josh Lerner
• Discussant Ashwini Agrawal, London School of Economics
• Paper: Pay now or pay later? The Economics within the Private Equity Partnership 

Measuring Institutional Investor Skill from their Investments in Private Equity

• Presenter: Michael S. Weisbach, Ohio State University, NBER, and SIFR
• Co Authors Daniel R. Cavagnaro, Berk A. Sensoy, Yingdi Wang
• Discussant: Ludovic Phalippou, SaÏd Business School, Oxford University
• Paper: Measuring institutional investors' skills from their investment in private equity

Spreading Sunshine - Fair Value Accounting and Information Production

• Presenter Nicholas Crain, Owen Graduate School of Management, Vanderbilt University 
• Co Author Kelvin K. F. Law
• Discussant: Florin Vasvari, London Business School
• Paper: Fair value accounting and information production

Impact Investing

• Presenter: Ayako Yasuda, Graduate School of Management, University of California, Davis 
• Co Authors Brad M. Barber, Adair Morse
• Discussant: Oğuzhan Karakaş, Carroll School of Management, Boston College
• Paper: Impact investing

How Sensitive is Entrepreneurial Investment to the Cost of Equity?

• Presenter: Juanita González-Uribe, London School of Economics
• Co Author Daniel Paravisini
• Discussant: Shai Bernstein, Graduate School of Business, Stanford University
• Paper: How sensitive is entrepreneurial investment to the cost of equity

Inside Rounds and Venture Capital Returns

• Presenter: Michael Ewens, California Institute of Technology
• Co Authors Matthew Rhodes-Kropf, Ilya Strebulaev
• Discussant: Song Ma, The Fuqua School of Business, Duke University
• Paper: Inside Rounds and Venture Capital Returns

Private Equity’s Unintended Dark Side - the Economic Consequences of Excessive Delistings 

• Presenter: Joacim Tåg, Research Institute of Industrial Economics
• Co Authors Alexander Ljungqvist; Lars Persson 
• Discussant: Armando Gomes, Olin School of Business, Washington University in St. Louis
• Paper: Private Equity’s Unintended Dark Side - the Economic Consequences of Excessive Delistings