Lifecycle of India Focused Funds

 

TUESDAY, JULY 7, 2015, AT THE PIERRE, A TAJ HOTEL, NEW YORK

 

2 E 61st St, New York, NY 10065, United States

INTRODUCTION

With the new government focused on increased foreign investment into India, investment opportunities in India are on the rise. The new government has announced several economic reforms whose benefits will be felt in the coming years. While key pro-growth assumptions are yet to pan out, the next three years should see growth ahead for India.

Please join the NDA team on July 7, 2015 as we analyze the opportunities and challenges for funds looking to set up/invest in India or those considering an exit. Our team will unravel latest trends in the ever dynamic Indian fund industry and share insights on the impact of the new government, the Budget and recent liberalization by the Indian government.

There is an emerging impact investment market in India for businesses and social ventures that can deliver measurable social impact as well as appropriate financial returns. We have also put together a preconference round table on impact investment to discuss the recent trends and insight into the high impact social businesses in India.

Flow of the session

9:00 AM–10.30 AM :

Registration for Preconference Round Table

10:30 AM–11.30 AM :

Preconference Round Table: Impact Investment

  • Attracting. Investment in india and other emerging economies
  • India's new CSR regime
  • Where and what are the opportunities
  • Experience sharing and connecting the 'impact world'
  • Q&A

Panelists:

Nish Acharya, Director - India Investment Initiative, Calvert Foundation

Giselle Leung, Director, Global Impact Investing Network

Danny Kennedy, Co-founder - Sungevity‎*

Nishith Desai, Founder & Managing Partner, Nishith Desai Associates

 

*(Invited)

11:30 AM–12:45 PM :

Registration & Lunch

12:45 PM–1.00 PM :

Assemble

1:00 PM–1:30 PM :

Introduction

Nishith Desai, Founder & Managing Partner, Nishith Desai Associates

D M Mulay, Consul General of India, New York, USA

1:30 PM–2:00 PM :

Keynote

Vandana Radhakrishnan, Partner - Private Equity Practice, Bain & Company, Inc.

2:00 PM–3:00 PM :

Panel I - Fund Formation issues for India Focused Funds

  • Current environment for raising commitments
  • Key issues in LP-GP negotiations
  • Setting up PE / VC / Hedge funds
  • Fund Governance
  • Mauritius v. Singapore v. Netherlands
  • Unified v. Co-investment Structures
  • Impact of Budget 2015 on Fund raising and
  • Q&A

Panelists:

Sanjiv Kapur, Senior Advisor, EMPEA

Karan Bolaria, Head - Godrej Fund Management Pvt Ltd

Nishchal Joshipura, Partner - Private Equity and M&A, Nishith Desai Associates

Richie Sancheti, Head - Fund Formation, Nishith Desai Associates

Mansi Seth, Head - US Office, Nishith Desai Associates

 

3:00 PM–3:15 PM :

Keynote

Jack Hidary, Chairman, Hidary Foundation

3:15 PM–4:10 PM :

Panel II - Investments, portfolio governance and exits

  • Innovative structures for tax optimized investments and exits
  • Structured debt and equity investments; externalization and offshore listing of Indian companies
  • Portfolio company governance – key considerations
  • Tax considerations – GAAR, MAT and indirect transfers etc.
  • Key negotiation points in documentation like tax indemnity, reps and warranties insurance, FCPA
  • Impact of Budget 2015 and
  • Q&A

Panelists:

Tim Morris, Partner , Proprium Capital Partners

Matthew Nimetz, Advisory Director, General Atlantic

Vaibhav Parikh, Partner - Private Equity and M&A, Nishith Desai Associates

Nishchal Joshipura, Partner - Private Equity and M&A, Nishith Desai Associates

Ruchir Sinha, Co-Head - Private Equity and M&A, Nishith Desai Associates

 

4:10 PM–4:30 PM :

Break

4:30 PM–5:30 PM :

Panel III: Hedge Funds and the Revised Landscape for Foreign Portfolio Investments

  • Macro trends that will impact the industry
  • Evolving dynamics between investors and managers
  • Participation of non-resident Indians in FPIs; Eligibility to deal in offshore derivative instruments
  • Aggregating investment limits for FPIs and swaps (P-notes)
  • Has clarity been reached on MAT applicability?
  • Q&A

Panelists:

Akshay Gupta, Group Executive Head & CEO, Indiabulls Asset Management Company Limited

Arvind Sanger, Portfolio Manager and Managing Member, Geosphere Capital

Abhishek Mehta, Founder, Blue Lotus Investments

Puneet Shivam, Executive Director, Head of US and Co-Head - Business Process Outsourcing Group, Avendus Capital Inc.

Kishore Joshi, Head - Regulatory Practice, Nishith Desai Associates

Richie Sancheti, Head - Fund Formation, Nishith Desai Associates

 

5:30 PM–6:00 PM :

Special Address: Emerging standards of Corporate Governance - Recent issues and Perspective and Concluding remarks

Kannan Srinivasan, Professor, Carnegie Mellon University’s Tepper School of Business

 

6:00 PM FT AWARD CELEBRATION

 

 

Cocktails and Financial Times “The Most Innovative Indian Law Firm 2015” Award Celebration

Partners

The Indian Private Equity and Venture Capital Association (IVCA) is the oldest, most influential and largest member-based national organization of its kind. It represents venture capital and private equity firms to promote the industry within India and overseas. It seeks to create a more favorable environment for private equity, venture capital investment and entrepreneurship. It is an influential forum representing the industry to governmental bodies and public authorities.

IVCA members include leading venture capital and private equity firms, institutional investors, banks, corporate advisers, accountants, lawyers and other service providers of the venture capital and private equity industry. These firms provide capital for seed ventures, early stage companies, later-stage expansion and growth equity for management buyouts/ buy-ins.

IVCA aims to support entrepreneurial activity and innovation as well as the development and maintenance of a private equity and venture capital industry that provides long term equity capital. It helps establish high standards of ethics, business conduct and professional competence. IVCA also serves as a powerful platform for investment funds to interact with each other.

The Association stimulates the promotion, research and analysis of private equity and venture capital in India, and facilitates contact with policy makers, research institutions, universities, trade associations and other relevant organizations. IVCA collects, circulates and disseminates commercial statistics and information related to the private equity & venture capital industry.


The American India Foundation is committed to catalyzing social and economic change in India and building a lasting bridge between the United States and India through high-impact interventions in education, livelihoods, public health, and leadership development, with a particular emphasis on empowering girls and women to achieve gender equity. Working closely with local communities, AIF partners with NGOs to develop and test innovative solutions and with governments to create and scale sustainable impact. Founded in 2001 at the initiative of President Bill Clinton following a suggestion from Prime Minister Vajpayee, AIF has impacted the lives of 2.5 million of India’s poor and aims to reach 5 million by 2018-19.


ANREV is the Asian Association for Investors in Non-listed Real Estate Vehicles Limited. ANREV is a not-for-profit organisation driven by institutional investors in Asian non-listed property funds. Our aim is to serve a platform for investors who guide the association’s strategy.

ANREV’s agenda is driven by its members, in particular institutional investors, and is focused on improving transparency and accessibility through market information, professionalism and best practice. Fund managers, investment banks and advisors provide support in addressing key issues facing the Asian non-listed real estate fund markets. ANREV now has 200 member companies from 17 countries.


The U.S.-India Business Council (USIBC) is the premier business advocacy organization representing America's top companies investing in India, joined by global Indian companies, with an aim to deepen trade and strengthen commercial ties.

At the behest of the Governments of India and the United States, USIBC was formed in 1975 to enlighten and encourage the private sectors of both countries to enhance investment flows. The Council’s primary mission is to serve as a direct link between business and Government leaders, resulting in increased trade and investment to strengthen ties between the two nations.

Ajay Banga, President & CEO of MasterCard, serves as the current Chairman of USIBC. The Chairman is supported by USIBC’s prestigious Board of Directors, representing decades of experience investing in India and Indian companies.

The Council is headquartered in Washington, D.C. with regional offices in New York, California and New Delhi.


APREA is a non-profit body that represents the real estate investment industry in the Asia-Pacific.

APREA and its partners help foster a more informed marketplace and encourage greater professionalism by championing best practice.

APREA also provides its views to governments in order to help forge a more globally competitive real estate industry.

APREA has chapters in eight regions – China, Japan, India, Australia, Hong Kong, Singapore, the Philippines and Malaysia.

For additional information on APREA, please visit www.aprea.asia


TiE is a non-profit, global community welcoming entrepreneurs from all over the world. We believe in the power of ideas to change the face of entrepreneurship and growing business through our five pillars; mentoring, networking, education, incubating and funding. TiE was founded in 1992 by a group of successful entrepreneurs and is currently the world’s largest entrepreneurial organization out there. TiE New York was formed in the late 1990s and has since evolved into a broad entrepreneurship platform, bringing together a powerful global network to its membership. TiE members are entrepreneurs and professionals with an interest in entrepreneurship, either in a start-up context or within a corporation.