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18 October 2017

Venture Capital: Accessing Liquidity Through Secondary Transactions

Date Wednesday 18 October 2017 Time 1:30pm Key Contacts
Location SEI,
8th Floor,
Alphabeta,
14-18 Finsbury Square,
London,
EC2A 1BR

MJ Hudson are hosting a half day conference on 18th October 2017. The conference will be focused on exploring routes to liquidity through secondary transactions for venture capital participants. Attendees will get to hear from industry experts on the pros and cons and issues and challenges surrounding this evolving topic for the venture capital industry.

 

Agenda

1:30pm Registration and refreshments
2:00pm Chairpersons’ Welcome Karma Samdup & Ted Craig, Partners, MJ Hudson
2:10pm Setting the Stage: Accessing Liquidity in Venture Capital Macro-view of routes to liquidity for the different venture capital participants (e.g. angels, GPs, LPs). A look at the timing of a likely exit, the typical form of that exit as well as any systemic or other constraints to liquidity in the venture industry.

Yaron Zafir, Principal, Head of Secondaries, Rede Partners
2:30pm Liquidity via the Secondary Market: Deal Structures, Issues and Challenges What does a secondary transaction look like? An overview of secondary deal structures (e.g. direct or indirect secondary transactions as well as primary deals). What legal and commercial issues (e.g. process, timing, pricing and due diligence issues) do founders, angel investors, GPs and/or LPs need to be aware of.

Ted Craig, Partner, MJ Hudson.
Karma Samdup, Partner, MJ Hudson
3:00pm Keynote Interview: The Secondary Direct Venture Market Overview Olav Ostin, Co-Founder and Managing Partner, TempoCap.

Interviewed by:
Ted Craig, Partner, MJ Hudson.

TempoCap is a leading technology investment firm providing liquidity to high growth European businesses. TempoCap advised funds acquire secondary direct portfolio investments from various type of investors including venture capital funds, corporates, banks or prominent business angels as well invest growth capital into fast-growing sizeable technology businesses via both primary as well as secondary situations.
3:20pm Break
3:45pm Delivering Pre-Exit Liquidity Options for Private Investors: Pros, Cons & Challenges A panel discussion focusing on the latest alternative liquidity options on the horizon for private investors in technology start-ups. Can more be done? What are the challenges in the market – legal, regulatory or otherwise – which hinder the evolution of a secondary market? Will these alternative options or platforms succeed or fail?

Moderator: Karma Samdup, Partner, MJ Hudson.

Panellists include:
Ashish Puri, Investment Partner, TempoCap,
Reshma Sohoni, Partner & Co-Founder, Seedcamp,
Nadav Rosenberg, Partner, ‎Entrepreneur First,
Thomas Davies, CFO, Funderbeam.
4:15pm LPs’ Perspective: Gaining Access to the Venture Capital Asset Class A panel of primary and secondary LPs discussing their appetite for doing venture capital deals, the issues that put them off such deals and how they see this area evolving. Can greater liquidity increase capital pool available for start-ups and GPs?

Moderator: Ted Craig, Partner, MJ Hudson.

Panellists include: Edward Lemle, Director, Montana Capital Partners
Daniel Morrison, Private Wealth, Society Generale
Thomas Liaudet, Partner, Campbell Lutyens
Mathieu Drean, Managing Partner, Triago
Christian Boehler, Partner, Akina
4:45pm Chairperson’s Wrap Up Karma Samdup, Partner, MJ Hudson
5:00pm Networking Drinks and Canapés
7:00pm End of Conference