The 2019 Private Equity Symposium

Opening remarks

• Francesca Cornelli, Professor of Finance and Director of Private Equity at LBS, London Business School
• Sarah Hammer, Senior Director of The Harris Alternative Investments Program, The Wharton School

Welcome address

• François Ortalo-Magné, Dean, London Business School

Keynote

• Alok Sama, Senior Advisor and former President and CFO, Softbank Group International
• In conversation with Ramana Nanda, Sarofim-Rock Professor of Business Administration, Harvard Business School

Session I: The Changing Venture Capital Landscape Panel

• Anne Glover, Chief Executive and Co-founder, Amadeus Capital Partners
• Edward J Mathias, Senior Advisor, The Carlyle Group
• Rob Moffat, Partner, Balderton Capital
• Steven Schlenker, Co-founder and Managing Partner, DN Capital
• Moderator: Eli Talmor, Professor of Accounting, London Business School

Session II: The Use of Technology in Investing Decisions 

• Bernard Dallé, Operating Partner, Index Ventures 
• Joe Giannamore, CEO and CIO, AnaCap 
• Priyanka Lilaramani, Founder and CEO, Plinth
• Joseph Schull, Founder, Corten Capital 
• Moderator: Francesca Cornelli, Professor of Finance and Director of Private Equity at LBS, London Business School 

Keynote: Private Equity – A Force for Good? The Impact Investing Wave

• Diana Noble, former CEO, CDC Group Plc and Non-Executive Director, Court of Directors, Bank of England 
• Michele Giddens, Co-founder and Partner, Bridges Fund Management
• In conversation with Josh Lerner, Head of the Entrepreneurial Management Unit and the Jacob H Schiff Professor of Investment Banking, Harvard Business School 

Session III: Energy and Infrastructure: The Frontiers of New Investing 

• Joseph Blum, Partner, Global Infrastructure Partners 
• Harold d’Hauteville, Managing Director, Head of Infrastructure Equity Europe, DWS Alternatives Global Limited 
• Luis Quiroga, Director, Asper Investment Management 
• Mustafa M Siddiqui, Senior Managing Director, Private Equity Group, Blackstone 
• Moderator: Per Strömberg, Professor of Finance and Private Equity, Stockholm School of Economics 

Closing remarks 

• Francesca Cornelli, Josh Lerner and Ramana Nanda

Welcome and introduction

• Francesca Cornelli, Josh Lerner and Ramana Nanda

The Changing VC Landscape: More Capital, Less Innovation?

The implication of large capital inflows to the venture industry

• Presenter: Timothy McQuade, Assistant Professor of Finance, Stanford Graduate School of Business
• Discussant: Ulf Axelson, Abraaj Group Professor in Finance and Private Equity, London School of Economics

Liquidity and Secondaries: Private Equity Indices Based on Secondary Market Transactions

• Presenter: Michael S Weisbach, Ralph W Kurtz Chair in Finance, Fisher College of Business, Ohio State University 
• Discussant: Niklas Hüther, Assistant Professor of Finance, Kelley School of Business, Indiana University 

Liquidity and Secondaries: A Theory of Liquidity in Private Equity 

• Presenter: Per Strömberg, SSE Centennial Professor of Finance and Private Equity, Stockholm School of Economics
• Discussant: Georgia Piacentino, Daniel W Stanton Associate Professor of Business, Columbia Business School

The Interactions between Investors and Entrepreneurs: Gender, Race, and Entrepreneurship

• Presenter: Ilya A Strebulaev, The David S Lobel Professor of Private Equity, Professor of Finance, Stanford Graduate School of Business
• Discussant: Michael Ewens, Associate Professor of Finance and Entrepreneurship, California Institute of Technology

Private Equity as an Asset Class: Value Creation and Persistence in Private Equity 

• Presenter: Çağatay Bircan, Principal Economist, European Bank for Reconstruction and Development
• Discussant: Song Ma, Assistant Professor of Finance, Yale School of Management

Private Equity as an Asset Class: Optimal Allocation to Private Equity

• Presenter: Morten Sørensen, Professor of Finance, Copenhagen Business School 
• Discussant: Andrey Malenko, Associate Professor of Finance, MIT Sloan School of Management

Closing remarks

• Francesca Cornelli, Josh Lerner and Ramana Nanda

More Capital, Less Innovation? The implication of large capital inflows to the venture industry

• Presenter: Timothy McQuade, Assistant Professor of Finance, Stanford Graduate School of Business.
• Discussant: Ulf Axelson, Abraaj Group Professor in Finance and Private Equity, London School of Economics
• Paper: More Capital, Less Innovation? The implication of large capital inflows to the venture industry

Private Company Valuations by Mutual Funds

• Presenter: Si Cheng, Assistant Professor of Finance, The Chinese University of Hong Kong
• Discussant: Josh Lerner, Jacob H. Schiff Professor of Investment Banking Unit Head, Entrepreneurial Management, Harvard Business School
• Paper: Private Company Valuations by Mutual Funds

Private Equity Indices Based on Secondary Market Transactions

• Presenter: Micahel Weisbach, Ralph W. Kurtz Chair in Finance, Fisher College of Business, Ohio State University
• Discussant: Niklas Hüther, Assistant Professor of Finance, Kelley School of Business, Indiana University
• Paper: Private Equity Indices Based on Secondary Market Transactions

A Theory of Liquidity in Private Equity

• Presenter: Per Strömberg, SSE Centennial Professor of Finance and Private Equity, Stockholm School of Economics
• Discussant: Georgia Piacentino, Daniel W. Stanton Associate Professor of Business, Columbia Business School
• Paper: A Theory of Liquidity in Private Equity

Gender, Race, and Entrepreneurship: A Randomised Field Experiment on Venture Capitalists and Angels

• Presenter: Ilya A. Strebulaev, The David S. Lobel Professor of Private Equity, Professor of Finance, Stanford Graduate School of Business
• Discussant: Michael Ewens, Associate Professor of Finance and Entrepreneurship, California Institute of Technology
• Paper: Gender, Race, and Entrepreneurship: A Randomized Field Experiment on Venture Capitalists and Angels

Value creation and persistence in private equity

• Presenter: Çagatay Bircan, Principal Economist, European Bank for Reconstruction and Development
• Discussant: Song Ma, Assistant Professor of Finance, Yale School of Management

Optimal Allocation to Private Equity

• Presenter: Morten Sørensen, Professor of Finance, Copenhagen Business School
• Discussant: Andrey Malenko, Associate Professor of Finance, MIT Sloan School of Management
• Paper: Optimal Allocation to Private Equity