Philharmonie Luxembourg | 19 March 2019 | 350 participants
Photo Gallery
Private Equity 3.0
THANK YOU!
Thank you to all those who joined us for the 3rd edition of the LPEA Insights. We hope you had the opportunity to learn and feel inspired with our guest speakers and to network with the diverse and exciting community that came to our event.
If you were unable to attend or would like to remind some of the sessions please consult the LPEA Insights 2019 Notes for a summary on each of the sessions.
«Brilliant speech by Prince Max von und zu Liechtenstein. ESG is not rhetorical, it is not marketing fodder, there simply is no way around it. Thank you for making this key subject front and center of this year’s LPEA Insights.»
Jérôme Wittamer, Managing Partner, Expon Capital
«It was so well organised and with such interesting speaks and contents. As a team, you should really be proud of yourselves.»
Nino Tronchetti Provera, Managing Partner & Founder, Ambienta
«Fantastic event today, as always from the LPEA. Future looks bright in PE & VC in Luxembourg»
John Paul Keane, Executive Director, J.P. Morgan
«Private Equity 3.0, ESG, Private Africa… really top level and inspiring speakers: #PrinceMaxvonLiechtenstein, #MurrayGrant, #TheresaCondor, #RoyAwad, #Norbert Becker and of course #Rajaa Mekouar-Schneider and the full LPEA team»
Gorka Gonzalez, Head of Group UHNW Investments, KBL European Private Bankers
«Ce fut un évènement très très bien organisé je trouve et de tout mon coeur félicitations»
Razvan-Petru Radu, Président, Romania-Luxemburg Business Forum Asbl
Luxembourg’s Premier PE/VC Conference
LPEA Insights is where PE practitioners meet fellow decision makers.
Designed for and by PE practitioners
PE and VC managers, Single Family Offices and Private Bankers
A fast-growing international PE hub
Global trends across the entire value chain.
Video Gallery
From our Speakers
«If you compare Luxembourg’s financial industry in 2019 with five years earlier, there has been a lot of change. In 2014 we gave up banking secrecy and took the road of transparency. Few people thought that we would come out of that process unscathed, yet if you look at the financial sector today, investment fund assets under management are setting new records, and thanks to Brexit new PE firms Brexit, are thriving here. Private banking, which had been stagnating for years, is regaining momentum despite the absence of banking secrecy, and the flagship fintech initiative LHoFT is full after just two years. Now established businesses need to make space for newcomers, and to be successful means being ready to accommodate innovation. Obviously green finance and digital transformation are two key drivers to help make us more competitive, but I am looking forward to hearing from participants at the LPEA conference in March to benefit from your experience and your ideas.»
Pierre Gramegna
Luxembourg Minister of Finance
«I think Luxembourg has so much to present and deliver but remains under rated despite a very innovative ecosystem. Because of its size and of the proximity with the government agencies, we can get decisions really fast. This includes adapting legislation – always in accordance with the European and other international rules. Over the past 20 or 30 years the country proved to be extremely well positioned to build new segments in the industry. The funds industry in Luxembourg is the second largest and private equity is clearly a significant sector in the financial industry – and I can only anticipate that sector to be doubling in size in a few years. The financial services industry in Luxembourg represents 1/3 of the GDP, which not only shows how important it is but also that one can find a full ecosystem. Everybody is here and things can be moved very fast.»
Norbert Becker
Founder of ATOZ and CBP Quilvest
Agenda
12:30
Open doors
Light lunch for early arrivals & welcome coffee
14:00
Opening
Lisa Burke, Presenter of RTL today
14:05
Private Equity 3.0
PE 3.0… looking ahead and beyond 2020, key trends, opportunities and pitfalls: The view from Luxembourg
Rajaa Mekouar-Schneider, President of LPEA
14:20
Keynote
Prince Max von Liechtenstein, CEO of LGT
14:40
Paradigm shift towards sustainability: The new new norm?
Prince Max von Liechtenstein, CEO of LGT (moderator)
Nino Tronchetti Provera, Managing Partner & Founder, Ambienta
Cornelia Gomez, Head of ESG & Sustainability, PAI Partners
Serge Younes, Head of Sustainability, SVP, InvestIndustrial
Bernhard Eikenberg, Fund Manager, Bamboo Capital Partners
15:15
The Africa Private Equity Paradox
Murray Grant, Former MD at CDC Group, founding partner at Actis LLP, 3i plc and engineer
15:30
Case Study: The future is in(Spire)ng
Theresa Condor, Executive VP, Spire (moderator)
Mathias Link, Director, Luxembourg Space Agency
Gareth Keane, Partner, Promus Ventures
Jérôme Wittamer, Managing Partner of Expon Capital
16:10
Coffee Break
16:40
Case Study: Private Debt
Roy Awad, Investment Director, Permira Debt Managers
16:55
Innovation and Disruption in PE
Future threats and opportunities affecting various elements of the private equity value chain discussed with private equity practitioners, including both generalist- and sector-specialist GPs.
Claus Mansfeldt, Chairman & Managing Director, SwanCap Investment Management (moderator)
Leah Cox, Managing Director, Ianua Market
Dominique Gaillard, CEO of Ardian
Andrea Ponti, Executive Partner and Founder of GHO Capital
Lindsey McMurray, Managing Director, Pollen Street Capital
Larry Aschebrook, CEO of G Squared
17:40
Closing Keynote
“The long and short of it”
Norbert Becker, Chairman of ATOZ, CBQ Quilvest and Lombard International
Fireside chat with Rajaa Mekouar-Schneider
18:00
Closing remarks
H. E. Pierre Gramegna, Minister of Finance
18:15
Closing Cocktail
Speakers
Pierre Gramegna
Luxembourg Minister of Finance
Pierre Gramegna was awarded a master’s degree in civil law in 1981 and a degree in economic sciences in 1982. He completed his post-university education with a DEA in European Union law. He is also a doctor honoris causa of the Sacred Heart University of Luxembourg. In 2003, Pierre Gramegna took up the position of director general of the Chamber of Commerce, an office he held until his appointment to the government in December 2013. Prior to joining the government, Pierre Gramegna was also a member of the executive board of several companies including Cargolux Airlines International SA, the Luxembourg Stock Exchange (Bourse de Luxembourg), LuxExpo Luxembourg and BGL BNP Paribas Luxembourg SA. Pierre Gramegna was appointed in 2018 for his second term as Minister of Finance in the coalition government formed by the DP, the LSAP and “déi gréng”.
H.S.H. Prince Max von und zu Liechtenstein
CEO, LGT
LGT is the world’s largest Private Banking and Asset Management group wholly owned by one family with over $30 billion USD invested in Private Equity. LGT has been privately owned by the Princely Family of Liechtenstein for over 80 years. Before becoming CEO of LGT in 2006, H.S.H. Prince Max was Head of JP Morgan Partners’ German Office and Director of the London and Munich offices. H.S.H. Prince Max has a degree in Business Economics delivered by the European Business School and and MBA from Harvard Business School.
Norbert Becker
Chairman of Atoz, CBP Quilvest and Lombard International
Norbert Becker is Chairman of Atoz, CBP Quilvest, Lombard International, Global senior investor and business executive involved with multinational financial institutions and Families in Europe, Central Asia, China, Latin America, the Middle East and the US. He serves the interest of corporations and families globally.
Larry Aschebrook
Managing Partner at G Squared
Roy Awad
Investment Director, Permira Debt Managers
Roy joined Permira Debt Managers in October 2015 and is responsible for originating new investments, undertaking credit analysis and monitoring of existing investments. Previously, Roy was an Investment Manager for 3 years at Argos Soditic Private Equity and spent 5 years within the Leveraged Finance teams at Natixis and BNP. Roy holds a BSc in Economics and a Masters in Management from ESSEC Business School in Paris.
Lisa Burke
RTL Today
Leah Cox
Managing Director of Ianua Market
Dominique Gaillard
CEO of ARDIAN France, Head of Direct Funds
Cornelia Gomez
Head of ESG and Sustainability, PAI Partners
Theresa Condor
Executive VP of Corporate Development at Spire Global, Inc.
As part of the early team at Spire, Theresa focused on building the initial business case and then taking a lead role in business development, fundraising, and corporate partnerships. Theresa now leads Spire’s engagement on special projects related to space-as-a-service, satellite data licensing policy, and new markets. Theresa sits on the Board of Directors at Spire. Prior to Spire, managed the Latin America trade syndications desk for Citibank out of NY. She also lived in Bangladesh while working for a USAID private sector development and trade promotion project. Theresa studied at Cornell University, The London School of Economics, and Columbia University School of International and Public Affairs (SIPA).
Bernhard Eikenberg
Fund Manager, Bamboo Capital Partners
Bernhard Eikenberg is a Fund Manager with Bamboo Capital Partners. He joined Bamboo in 2009, and in 2010 moved to Colombia to set up and manage Bamboo’s regional office and in-vestment activities out of Colombia. In 2015 he returned to Europe to manage Bamboo’s second financial inclusion equity fund, focusing on fintech investments globally. Bernhard started his career at JPMorgan in London and subsequently accumulated experience in the field working for a non-profit in North Africa prior to joining BlueOrchard Finance. Bernhard holds a BSc in Economics from the London School of Economics and a MPA (Masters) from Columbia University.
Murray Grant
Former MD at CDC Group, founding partner at Actis LLP, 3i plc, and engineer
Until his retirement at the end of 2018 Murray was Managing Director at CDC Group plc responsible for their Intermediated Equity business where he led a team of over 30 executives managing a US$2.6bn portfolio of over 100 fund managers. The underlying funds are invested in over 1,300 companies across China, Latin America, Africa and South Asia. Murray’s investment and NED track record has covered most sectors and company situations. He has a BSc (Hons) in Engineering from Edinburgh University and an MBA from London Business School. He is currently an investment adviser to private clients.
Mathias Link
Director – International Affairs & SpaceResources.lu, Luxembourg Space Agency
Mathias Link is Director of International Affairs at the Luxembourg Space Agency. He focusses on the definition and implementation of Luxembourg’s space policy. For the past 10 years, he has represented Luxembourg in numerous space-related fora of the EU, ESA and the UN. He was involved in the preparation of several ESA Council meetings at Ministerial level, as well as of Luxembourg’s presidency of the Council of the EU in 2015. He represents Luxembourg in the ESA Council and is the current Chairman of ESA’s satellite communications board JCB.
Gareth Keane
Partner, Promus Ventures
Gareth Keane is since May 2018 Partner of Promus Ventures. Previously he was Senior Investment Manager at Qualcomm Ventures involved in he hardware and connected device ecosystems. Gareth started his professional career as an engineer, and spent many years in engineering roles before turning to the ‘darkside’. He graduated from the National University of Ireland with a Bachelor’s degree in Electronic Engineering in 1994, and followed this up with a PhD in Electronic Engineering from The Queen’s University of Belfast in 1999. After spending several years solving technology challenges in successively smaller silicon geometries he decided to spend two years in the MBA program at UPenn/Wharton in Philadelphia, graduating in 2010.
Claus Mansfeldt
Chairman & Managing Director, SwanCap Investment Management S.A.
Claus Mansfeldt set up the AIFMD licensed management company in Luxembourg for the SwanCap group in 2013 and remains the head and chairs its investment committee. SwanCap is a specialist independent private markets investment management platform with offices in Munich, Luxembourg, Milan and New York. With some €3bn under management SwanCap invests in PE Funds, Direct Co-Investments and Secondaries. Prior to SwanCap Claus held senior management positions at UniCredit entities in London including Head of Principal Investments. Prior to UniCredit, Claus worked in the Corporate Finance & Capital Markets division of Commerzbank. Claus started his career at Nomura International plc, where he spent 12 years in the Merchant Banking area, focused on principal investments in Emerging Europe, and in international Capital Markets. Claus holds a BSc (Econ) from the London School of Economics & Political Science (LSE).
Lindsey McMurray
Managing Director, Pollen Street Capital
Lindsey founded Pollen Street Capital in 2013 and is the managing partner as well as chairman of the investment committee. Lindsey has been a PE investor for more than 20 years with a particular focus on the Financial Services sector. Before she founded Pollen Street Capital, Lindsey led the team managing the £1.1bn Special Opportunities Fund within RBS and also spent six years as a Partner at Cabot Square Capital. She has a First-Class Honours degree in Accounting and Finance and studied for an MPhil in Finance from Strathclyde University. Outside of work Lindsey is a keen runner having successfully completed the Marathon Des Sables in 2007 and 2011. She also supports a number of charities with a particular focus on mentoring children in state schools and a number of projects in Africa.
Rajaa Mekouar-Schneider
Chairwoman of LPEA ; Head of PE for Luxembourg-based Single Family Office
Rajaa Mekouar-Schneider is since 2018 the Chairwoman of LPEA and was in 2016 the initiator of the LPEA Insights conference series. Until recently Mekouar was Head of Syndicate and Partnerships at Kharis Capital, a direct investment firm backed by Family Offices and dedicated to mid cap Consumer investments. Before moving from London to Luxembourg, Rajaa was an investor (GP) at Draper Fisher Jurvetson ePlanet Ventures, Lazard European Private Equity Partners and Change Capital Partners. In 2008, she co founded Terra Magna Capital, an Agriculture investment SPV via her own boutique, Maera Capital, in partnership with Massena Partners. Rajaa is a graduate of HEC Grande École and MBA INSEAD.
Andrea Ponti
Executive Partner and Founder, GHO Capital
Andrea has over 30 years of investment banking experience, focusing on healthcare since 1996. He created both JP Morgan’s and Goldman Sachs’ European investment banking healthcare franchises. Over the last five years he was Vice Chairman of European Investment Banking and Global co-head of Healthcare at J.P. Morgan. Prior to that Andrea was at Goldman Sachs, where he was Partner, Managing Director, Head of European Healthcare, Consumer and Retail and also Co Global Head of Healthcare. Andrea sits on the board of Cell Medica and holds a BA in Economics with Highest Honours from the University of North Carolina at Chapel Hill, where he is also a member of the Arts and Sciences Foundation Board of Directors.
Nino Tronchetti Provera
Managing Partner & Founder, Ambienta
Nino Tronchetti Provera is the Founder and Managing Partner of Ambienta, a leading European PE firm focused on environmental growth and buyout investments in industrial SMEs with fund under management for 1,2 Billion. Earlier in his career, Nino was a consultant at MCKinsey & Co where he established the environmental business within the practice. In 1997 Nino founded Cam Tecnologie to develop clean technologies and products. Nino is part of the Mid Market Council within Invest Europe. Nino holds a degree (cum laude) in Business Administration from Luiss University, Rome, and an MBA from INSEAD Business School.
Jérôme Wittamer
co-Founder and Managing Partner of Expon Capital, Honorary President of LPEA
Jérôme Wittamer is a Founding Partner of Expon Capital, a Venture Capital firm with a higher purpose who is also the manager of Luxembourg’s Digital Tech Fund. Jérôme started investing in technology 26 years ago and has been active both as an investor and as an entrepreneur, all in the technology, telecom and internet space. Together with his team, they seek entrepreneurs on a mission to positively change the world at scale. He sees technology as a way to open possibilities for everyone, foster better sharing and collaboration. And because technology is not neutral, he tries to steer it in a direction that is both ethical, societally beneficial to the larger population and respectful of our environment.
Dr. Serge Younes
Head of Sustainability, SVP, Investindustrial
Based in London, Serge is a Senior Vice President at Investindustrial responsible for Sustainability (ESG), Impact Investment and sustainable growth. Serge was previously a Director at Accenture Strategy as the global lead for cross-industry “Clean Energy Solutions”, a Director of Sustainability Services at WSP Environment & Energy and acted as program manager for the delivery of large sustainable city development masterplans, globally (eg. Masdar the Zero Carbon and Zero Waste City). Serge has a PhD in Renewable Energy (Solar) and is a published author on related subjects. He was previously engaged with the World Economic Forum on the topics of Climate Change and Urban Development and the UNGC on Sustainability.
Registrations
We regret to inform you that the event is fully booked.
Thank you for understanding.
If you are a member of LPEA and don’t have yet any representative at the event, you can request one ticket by sending an e-mail to luis.galveias@lpea.lu.
Registered participants include:
2be.lu Investments, 3i Investments (Luxembourg) SA, Advent, Allegro S.à r.l., Alpës Capital SA, Alpha Private Equity, AMFIE, Apollo Global Management, ARDIAN Luxembourg, Aventicum Real Estate Partners Europe II GP, Bank Julius Baer Europe S.A, Bank of China, Banque de Luxembourg S.A., BIL – Banque Internationale à Luxembourg, Barclays, BC Partners, BCEE, Bear Value Management, Bellatrix Asset Management, BGL BNP PARIBAS, BI-Invest Advisors S.A., BIP Investment Partner, Blisce, BMI, Bock Capital Investors, Bridgepoint, CA Indosuez Wealth (Europe), Capital4IP, Castik Capital, Certares Redford GP, Cinven, CIR INTERNATIONAL S.A., Cofima, Compagnie Financiére de Gestion, CPP Investment Board, Credit Suisse Fund Management S.A., Creon Capital S.a.r.l., Crestbridge Management Company SA, CTF Holfings S.A., Degroof Petercam Luxembourg
Deutsche Infrastructure S.A., DYFAN Investments Holding, Edmond de Rothschild Asset Management, Encevo SA, EQT Fund Management Sarl, Eurazeo, European Fund Hive Partners, European Investment Bank, European Investment Fund, Exergy Capital Management LLP, Expon Capital, Fidentia Real Estate Investments SA, Fuchs & Associes Fin. S.A., GBL Verwaltung SA, Genii Capital SA, Gratix SA, Groupe Opportunité, H+B Capital, Halisol, Hemera Financial Group, HLD ASSOCIES EUROPE, HSBC Luxembourg, IK Investment Partners, J Safra Sarasin Luxembourg, Jalad Super Pty Ltd, KBL European Private Bankers S.A., KTL Kredietrust Luxembourg, L-GAM Advisers S.à r.l., LGT Vestra, Mangrove Capital Partners, Marguerite, Monarch Master Fund, MUFG Lux Management Company S.A., Multiplicity Partners Ltd., Munich Private Equity Partners, New Angle Capital Partners, Nevastar Finance, NewSpace Capital GP, Nordea Investment Funds SA, Odysseus Alternative Ventures, Odyssey Impact Investments, OneHealth Partners Limited, Oraxys SA, PAI Partners, Paladin Capital Group, Park Square Capital, Partners Group (Luxembourg) SA, Pemberton Asset Management S.A., Pensum Asset Management S.A., PEREIM, Perella Weinberg Partners, Permira Luxembourg, PineBridge Secondary Partners IV, POST Luxembourg, Pure Capital AM, Quarantia Capital Advisory, Radian Investment Management, RBS, RCB Bank Ltd Luxembourg, Redbrick Investments, Robeco, Royalton Partners S.A., Savile Capital, SCUDO SCSp, SGBT, Sienna Capital, Societe Generale, Sogelife,
Southern Bridge Capital, Stakeholder Advisors, Stemar Capital, StepStone Investment Managers, The Carlyle Group (Luxembourg), TJ Capital I, Treïs Group, Tusk Capital Management S.A., TVM Capital Healthcare Partners, Union Bancaire Privée (Europe) S.A., Varde Partners, VP Fund Solutions.
Previous edition
The second edition of the LPEA Insights conference held on 25th April 2018 in Philharmonie Luxembourg demonstrated the importance of Private Equity for the real economy. Through a number of panel discussions with leading European private equity professionals as well by showcasing a number of real-life examples from Luxembourg, the conference shed light into what advantages private equity and venture capital bring and how this asset class directly contributes to creating jobs and growth in the economy.
