21st Annual International Conference on Private Investment ...Nicholas Blake-Knox Walkers Global, Dublin Samuel Brooks Macfarlanes, ... This workshop will focus on key trends in an

A conference presented by the Private Investment Funds Subcommittee of the IBA Asset Management and Investment Funds Committee

21st Annual International Conference on Private Investment Funds8–10 March 2020 InterContinental Park Lane, London, England

Plenary topics include:

• Non-exits: structures and transactions designed to maintain control over fund assets

• Firm-level considerations and successful long term planning

• General counsel fireside chat

• New types of products and how to diversify a funds business

• Environmental, social and governance, impact investing, and other global regulatory and political trends

Workshop topics include:

• Key trends: private equity, real estate and other closed-ended funds

• Environmental, social and governance reporting

• Retail funds and business development companies

• Key trends: hedge, hybrid and other open-ended funds

• ‘Nuts and bolts’ of a complex secondary transaction

• Cross-border marketing issues

• GP minority stakes

• Credit funds

• Current trends in GP/LP relations

FOR MORE INFORMATION AND TO REGISTER YOUR INTEREST VISIT

WWW.IBANET.ORG/CONFERENCES/CONF1018.ASPX

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Headline conference sponsor

ProgrammeConference ChairRebecca F Silberstein Debevoise & Plimpton, New York

Organising CommitteeBarry Barbash Willkie Farr & Gallagher, New YorkJohn Broadhurst Shartsis Friese, San Francisco, CaliforniaHeather Cruz Skadden Arps Slate Meagher & Flom, New YorkKees Groffen De Brauw Blackstone Westbroek, Amsterdam

Daniel Lavon-Krein Kirkland & Ellis International, New YorkKenneth Rosh Fried Frank Harris Shriver & Jacobson, New YorkSeema Shah Simpson Thacher & Bartlett, London

0800 – 1730 Registration

0800 – 0830 Welcome coffee/tea

0830 – 0845 Welcome and introductionRebecca F Silberstein Debevoise & Plimpton, New York

0845 – 0945 Keynote speakerMary Callahan Erdoes Chief Executive Officer, JP Morgan Asset & Wealth Management, New York

0945 – 1100 PLENARY SESSION ONE

Non-exits: structures and transactions designed to maintain control over fund assetsAs sponsors and investors seek greater flexibility with respect to their investments, new types of structures and transactions are appearing in the market. This panel will explore some of the key trends and issues relating to: secondary transactions; annex funds; continuation funds; long-dated funds; rollovers; creative exit opportunities; and other structures and transactions designed to address time horizon considerations.

ModeratorJustin Storms Debevoise & Plimpton, New York

Speakers Amyn Hassanally Coller Capital Limited, New YorkRobert B Knauss Warburg Pincus, New York Leor Landa Davis Polk Wardwell, New York Christina Lema Vista Equity Partners, San Francisco, California

1100 – 1115 Coffee/tea break

1115 – 1230 PLENARY SESSION TWO

Firm-level considerations and successful long term planningAs the industry matures, firms are encountering new issues relating to retention, recruitment, governance and generational transitions. This panel will discuss various firm-level issues and explore the strategies and tactics used by managers that have successfully built firms with great longevity.

ModeratorLaura Friedrich Willkie Farr & Gallagher, New York

SpeakersOlga Gutman Simpson Thacher Bartlett, New York Judy Martins Waterland Group, Bussum, Netherlands Burke J Montgomery GCM Grosvenor, Chicago, IllinoisPeter Vaglio The Blackstone Group, New York

1230 – 1400 Lunch

Sunday 8 March

Headline Social Event sponsors

Monday 9 March

1800 – 2000 Welcome receptionGray’s Suite, Intercontinental Park Lane

Haynes and Boone, LLP logosize: 2.5”(width)

C32 M100 Y86 K48

Monday continued

1400 – 1500 FIRST WORKSHOP SESSIONS

WORKSHOP ONE

Key trends: private equity, real estate and other closed-ended fundsThis workshop will discuss current terms for private equity and other closed-ended funds. Participants will examine the viewpoints of general partner sponsors and limited partner investors with respect to economic terms, governance and other hot topics.

PanellistsJulian Ashworth Maples Group, Grand Cayman Matthew B Goldstein Paul Weiss Rifkind Wharton & Garrison, New York Michael Lampshire Apax Partners, LondonDavid Lobe The Carlyle Group, Washington, DC John W Rife III Debevoise & Plimpton, London

WORKSHOP TWO

Environmental, social and governance reportingThis workshop will explore key considerations relating to ESG across the US and the EU. Participants will discuss practical ESG considerations related to fund formation, marketing, investing and reporting, including the impact of EU’s Sustainable Action Plan and other global initiatives.

PanellistsNathalie Dogniez PricewaterhouseCoopers, LuxembourgMaurice Gindi Cleary Gottlieb Steen & Hamilton, New York Leonard Ng Sidley Austin, LondonPeter Stapleton Maples Group, Dublin

WORKSHOP THREE

Retail funds and business development companiesThis workshop will explore the ‘retailisation’ of private equity funds and the ongoing trend of retail investors accessing traditional private equity structures.

PanellistsNicholas Blake-Knox Walkers Global, Dublin Samuel Brooks Macfarlanes, London Michael K Hoffman Skadden Arps Slate Meagher & Flom, New YorkHarry S Pangas Dechert, Washington, DCBenjamin Wells Simpson Thacher Bartlett, New York


Headline Social Event sponsors

1515 – 1615 SECOND WORKSHOP SESSIONS

WORKSHOP FOUR

Key trends: hedge, hybrid and other open-ended fundsThis workshop will focus on key trends in an evolving hedge fund market. Participants will examine key terms essential for hedge and other open-ended funds.

PanellistsChristopher Hilditch Schulte Roth & Zabel, LondonBradley D Howard Sidley Austin, Chicago, IllinoisJamie L Nash Kleinberg Kaplan Wolff & Conen, New York David Suozzi Shartsis Friese, San Francisco, California Christopher M Wells Proskauer Rose, New York

WORKSHOP FIVE

‘Nuts and bolts’ of a complex secondary transactionThis workshop will offer practical tips on fund restructurings and other complex general partner-led secondary transactions. Participants will discuss: transaction structures; the restructuring process; options available to fund investors; fiduciary duties; mitigation of conflicts of interest; allocation of expenses; remedies for secondary investors; and the Securities and Exchange Commission’s scrutiny of such transactions.

PanellistsWarren Allan Proskauer Rose, LondonMichael Hong Davis Polk & Wardwell, New YorkEvan Neu TPG Capital, San Francisco, California Daniel Quinn Akin Gump Strauss Hauer & Feld, LondonEdward Sopher Gibson Dunn, New York

WORKSHOP SIX

Cross-border marketing issuesSignificant regulatory developments, including Brexit and AIFMD, have had meaningful implications for managers and marketers of alternative investment funds. This workshop will explore the various issues and requirements that managers should take into account when considering the domiciles of their funds and management companies.

PanellistsTara Doyle Matheson, DublinAnat Holtzman The Carlyle Group, Washington, DCAlex Last Mourant Ozannes, Grand Cayman Edward Nelson Latham & Watkins, New YorkThibaut Partsch Elvinger Hoss Prussen, Luxembourg


Monday continued

Conference Welcome Reception sponsor Conference Reception sponsor

1630 – 1730 THIRD WORKSHOP SESSIONS

WORKSHOP SEVEN

GP minority stakesThe last few years have seen an increase in minority stake sales and GP stake investing. This workshop will address the key trends and highlight practical issues for industry participants engaging in these transactions.

PanellistsArash Farhadieh Willkie Farr & Gallagher, New YorkWilliam L Sturman Covington & Burling, New YorkRobert H Sutton Kirkland & Ellis, New York

WORKSHOP EIGHT

Credit fundsThe growth in credit funds has continued, with record amounts being raised by managers. This workshop will consider trends in fundraising and some of the unique issues affecting managers raising and investing in credit funds.

PanellistsGerald H Brown Jr Fried Frank Harris Shriver & Jacobson, New York John M Caccia Skadden Arps Slate Meagher & Flom, New YorkSeendy Fouron Morgan Stanley, New YorkJoshua Peck TPG Sixth Street Partners, San Francisco, California Conrad van Loggerenberg Paul Weiss Rifkind Wharton & Garrison, New York

WORKSHOP NINE

Current trends in GP/LP relationsAs funds products and transactions become increasingly sophisticated and complex GP’s and LP’s are finding new and innovative ways to work. This panel will explore the changing nature of GP/LP relations and discuss some of the new challenges and issues that arise in the course of negotiations.

PanellistsAndrew I Chizzik Weil Gotshal & Manges, New YorkAdrian Rae Leipsic Cleary, Gottlieb Steen & Hamilton, New York Debra K Lussier Ropes & Gray, Boston, MassachusettsTarek Mardini Pöllath + Partners, GermanyJahan P Raissi Shartsis Friese, San Francisco, California

1730 – 1930 Conference receptionBallroom 1, InterContinental London Park Lane

Tuesday 10 March

The IBA, its officers and staff accept no responsibility for any views expressed, presentations or materials produced by delegates or speakers at the Conference.

Conference Reception sponsor Conference Luncheon sponsors Exhibitors

0800 – 1300 Registration

0800 – 0830 Welcome coffee/tea

0830 – 0945 PLENARY SESSION THREE

General counsel fireside chatThis panel will involve an informal discussion on issues that general counsels of fund managers are facing in the current marketplace. The panellists will discuss their views on the state of the industry, regulatory challenges, and evolving strategies and business lines.

ModeratorKate Downey Fried Frank Harris Shriver & Jacobsen, London

SpeakersLena Almefelt EQT, Stockholm Kathy Choi HPS Investment Partners, New YorkPaula Drake HarbourVest Partners, Boston, Massachusetts Jason Schaefer BC Partners, New YorkSeda Yalcinkaya Apollo Global Management, London


1015 – 1130 PLENARY SESSION FOUR

New types of products and how to diversify a funds businessThis panel will provide an overview of new and different types of asset classes and structures in the market, including insurance products, permanent capital vehicles and retail. Panellists will cover various considerations as well as other broader issues that arise for managers diversifying into multiple strategies.

ModeratorAmanda N Persaud Ropes & Gray, New York

SpeakersPeter Gibbs Permira Advisors, London Joseph Glatt Apollo Global Management, New York Oliver Heiland Allianz, FrankfurtJohn Lutz Bain Capital Credit, LondonMustufa Salehbhai Morgan Stanley, Atlanta

1130 – 1245 PLENARY SESSION FIVE

Environmental, social and governance, impact investing, and other global regulatory and political trendsThis panel will provide an overview of the different types of impact investing and other global regulatory and political trends. Panellists will discuss the changing global regulatory and political landscape (including the impact of Brexit, proposed ESG regulations, recent regulatory actions, and forthcoming elections in various countries) and the impact such changes will have on the investment funds industry.

ModeratorEd Gander Weil, Gotshal & Manges, London

SpeakersSusanne Clark Centerbridge Partners, New YorkAndrew Kandel Cerberus Capital Management, New York Alpa Patel Kirkland & Ellis, Chicago, IllinoisErin Sarret StepStone Group, London

1245 – 1400 Lunch

1400 – 1530 PLENARY SESSION SIX

Industry roundupJoin us for a panel including current and former conference chairs who will discuss the current state of the private investment funds industry. Panellists will share their thoughts and insights regarding how the private funds market has evolved and how they expect to see it grow in the future.

ModeratorRebecca F Silberstein Debvoise & Plimpton, New York

PanellistsBridget Barker Zedra, LondonThomas H Bell Simpson Thacher Bartlett, New YorkStephanie R Breslow Schulte Roth & Zabel, New YorkMarco V Masotti Paul Weiss Rifkind Wharton & Garrison, New York

InformationDate8–10 March 2020

VenueInterContinental London Park LaneOne Hamilton PlacePark LaneLondon W1J 7QYTel: +44 (20) 7409 3131Fax: +44 (20) 7493 3476www.intercontinental.com

LanguageAll working sessions and conference materials will be in English.

How to registerRegister online by 7 February 2020 at www.ibanet.org/conferences/conf1018.aspx and make payment by credit card to avail of the ten per cent online registration discount or complete the attached registration form and return it to the Conference Department at the IBA together with your proof of bank transfer payment. You should receive an email confirmation of your registration within five days; if you do not, please contact [email protected].

FeesOnline registrations received:

on or before until 7 February 2 March

IBA member £860 £950

Non-member* £995 £1,085

Young lawyers (under 30 years) £645 £1,085

Academics/judges (full-time) £645 £1,085

Public lawyers £645 £1,085

Corporate counsel** £775 £1,085

After 2 March registrations must be received in hard copy at the IBA office.

Hard copy registration forms and fees received:

on or before after 7 February 7 February

IBA/ABA member £955 £1,055

Non-member* £1,105 £1,205

Young lawyers (under 30 years) £715 £1,205

Academics/judges (full-time) £715 £1,205

Public lawyers £715 £1,205

Corporate counsel** £860 £1,205

* By paying the non-member fee, we welcome you as a delegate member of the IBA for the year in which this conference is held, which entitles you to the following benefits:

1) Password access to certain parts of the IBA website. 2) Receipt of IBA E-news and access to online versions of IBA Global Insight.3) Pay the member rate for any subsequent conference registrations for

this calendar year.** A reduced rate is offered to IBA Corporate Group Members. Please

register online to obtain a 25 per cent discount on the IBA member fee.

If you would like to become a full or general member of the IBA, which includes membership of one committee or more – and inclusion in and access to our membership directory – we encourage you to do so now in order to register for this Conference at the member rate. You can find full details of how to join at www.ibanet.org.

A reduced rate is offered to lawyers who are over the age of 65, have been an IBA member for more than 20 years and are no longer practising law.

Full payment must be received in order to obtain your Conference documentation.

Fees include:• Attendance at all working sessions• Conference materials, including any available speakers’ papers submitted to the IBA before 2 March• Access to the above conference working materials from the IBA website (www.ibanet.org) approximately seven days prior to the conference• Access to mobile delegate search application• Lunch on Monday and Tuesday• Tea and coffee during breaks• Reception on Sunday and Monday evening• UK VAT currently at 20 per cent

Please note that registrations are not transferable.

List of participantsIn order for your name to appear in the list of participants, which will be distributed at the Conference, your registration form must be received by 2 March at the latest.

Mobile delegate search applicationAll registered delegates will receive a printed list of participants at the Conference; however, delegates are now also able to use the mobile delegate search. This application has been developed to aid networking by giving delegates instant access to an up-to-date list of their fellow attendees, and comes with the added benefit of a built-in messaging service. All registered delegates with an internet or Wi-Fi-enabled device will have access, using their IBA username and password. Simply visit: m.ibanet.org/conf1018

Registration confirmation All documentation regarding your attendance at the Conference can now be obtained from the IBA website. Upon receipt of your payment for the Conference a confirmation email will be sent containing instructions on how to download the documents. Registration confirmation will not be distributed by post.

Photography and filmingCertain sessions and/or social functions may be photographed and/or filmed and some of this content may be used for future IBA marketing materials, member communications, products or services. Should you have any concerns with regard to this, or do not wish to be featured in any of these materials please contact the IBA Marketing Department at [email protected].

Promotional literaturePlease note that no individual or organisation may display or distribute publicity material or other printed matter during the Conference, unless by prior arrangement with the IBA. Organisations and companies wishing to discuss promotional opportunities should contact the IBA Sponsorship Department at [email protected].

S O L D OU T

S O L D OU T

Payment of registration feesPayment of registration fees by bank transfer or BACS paymentRegistration forms received without proof of payment will NOT be processed until proof of payment has been received.

Pounds sterling: by bank transfer or BACS payment to the IBA account number: 13270222 (Sort Code 56-00-03) at the National Westminster Bank, St James’s & Piccadilly Branch, 208 Piccadilly, London W1A 2DG, United Kingdom.SWIFT address NWBKGB2L, IBAN GB05NWBK56000313270222 Please ensure that a copy of the bank transfer details is attached to your registration form.

Euro: by bank transfer to the IBA account at the National Westminster Bank, St James’s & Piccadilly Branch, 208 Piccadilly, London W1A 2DG, United Kingdom.SWIFT address NWBKGB2L, IBAN GB58NWBK60721106570631Please ensure that a copy of the bank transfer details is attached to your registration form.

Use the exchange rate prevailing at the time of registration.

US dollars: by bank transfer to the IBA account at the National Westminster Bank, St James’s & Piccadilly Branch, 208 Piccadilly, London W1A 2DG, United Kingdom. SWIFT address NWBKGB2L, IBAN GB55NWBK60730101286498 Please ensure that a copy of the bank transfer details is attached to your registration form.


PLEASE ENSURE THAT YOUR NAME AND ‘CON1018LONDON’ APPEAR ON ANY TRANSFER OR DRAFT.

Online credit card payments: by Visa, MasterCard or American Express. No other cards are accepted.

No deductions or withholdingsAll fees payable to us by you in accordance with the terms contained in this ‘Information’ section shall be paid free and clear of all deductions or withholdings whatsoever.

If any deductions or withholdings are required by law to be made from any fees payable to us by you under the terms contained in this ‘Information’ section you shall pay such sum as will, after the deduction or withholding has been made, leave us with the same amount as we would have been entitled to receive in the absence of any such requirement to make a deduction or withholding.

If we obtain the benefit of any tax credit or other relief by reference to any such deductions or withholdings, then we shall repay to you such

amount as, after such repayment has been made, will leave us in no worse position than we would have been had no such deductions or withholdings been required.

Conference sell-outsThe IBA places its conferences in venues of a suitable size for each event; however, there are times when our conferences may sell out. Should this happen, prospective delegates will be informed and a waiting list will operate. The waiting list will function on a ‘first come, first served’ basis, subject to receiving registered delegate cancellations. The waiting list for a conference will close once it has reached ten per cent of the conference venue capacity, as it is very unlikely a place will become available. The IBA will not be liable for any travel or accommodation expenses incurred by an individual who travels to a conference without a confirmed place at the event.

Cancellation of registration or social functionsIf cancellation is received in writing at the IBA office by 21 February 2020, fees will be refunded less a 25 per cent administration charge. Refunds will be made minus any monies owed to the IBA.

We regret that no refunds can be made after this date. Registrations or social function bookings received after 21 February 2020 will not be eligible for any refund of fees. Please note that NO exception will be made to this policy. Should you have difficulties in obtaining your visa and are not able to attend the Conference this cancellation policy will still apply.

Upon submission of your completed Conference registration form to the IBA you are considered ‘registered’ pending payment. Please note that the cancellation terms and conditions as indicated will apply as soon as your registration is received.

Provided you have cancelled your registration to attend an IBA conference in accordance with the terms of the ‘cancellation of registration’ clause included in the ‘Information’ section of the relevant conference programme, you must then confirm to us in writing at the IBA office as soon as possible, but in no event later than one year (12 calendar months) from the date of any such conference, all necessary details to enable any reimbursement owed to you to be paid. We regret that no refunds will be made after the date that is one year (12 calendar months) after the date of the relevant conference.

Travel arrangements and visasParticipants are responsible for making their own travel arrangements. It is recommended that you check your visa requirements with your local embassy or consulate. We are unable to dispatch visa invitation letters to support your visa application prior to receipt of your registration form and full payment of registration fees.

Please apply for your visa in good time.

Hotel accommodationThe IBA has reserved a limited number of guestrooms for the nights of 8–10 March at the InterContinental London Park Lane at the following rates:

Classic Single/Double: £295 per room, per night

This rate is exclusive of breakfast, tax and service charges.

Subject to availability, the rates quoted apply if booked by27 February via the following link:https://book.passkey.com/go/IBAAnnualConference2020

Hotel cancellations (partial nights or full cancellation) may be made up until 72 hours prior to arrival, after this date the cancellation penalty of your entire stay may be applicable. In the event of no shows on the day of arrival or late cancellation, a penalty charge of the total cost of the booking will apply. This penalty will be applicable to the credit card number provided as the guarantee.

By completing the online ‘Accommodation form’, you enter into an agreement with the hotel regarding credit card guarantees, cancellation/

no-show terms and conditions and room rates. The IBA cannot accept responsibility for hotel accommodation disputes between a delegate and the hotel.

Unauthorised Accommodation AgentsIt has been brought to our attention that there are multiple companies contacting past attendees, claiming to represent the IBA, offering ‘assistance’ with registration and hotel bookings.

They are operating by cold-calling and spamming companies whose names have appeared on previous List of Participants, Programmes and Sponsorship recognition. The only Accommodation Agent the IBA works with is Judy Lane ICS. Judy Lane ICS do not contact delegates on behalf of the IBA without delegates making initial contact. Please ignore any communication that does not come directly from the IBA or Judy Lane ICS.

Disabled accessThe InterContinental London Park Lane is wheelchair accessible. Please notify us if you require special assistance.

Continuing Professional Development /Continuing Legal Education

For Conference delegates from jurisdictions where CPD/CLE is mandatory, the IBA will provide a Certificate of Attendance for the Conference. Subject to CPD/CLE requirements, Conference delegates can use this to obtain the relevant number of hours’ accreditation. The number of CPD/CLE hours available may vary depending on the rules applied by the members’ bar association/law society on time recording criteria. A Certificate of Attendance is available to Conference delegates on request. Please ask at the IBA conference registration desk for information on how to obtain the certificate.

The organisers may at any time, with or without giving notice, in their absolute discretion and without giving any reason, cancel or postpone the conference, change its venue or any of the other published particulars, or withdraw any invitation to attend. In any case, neither the organisers nor any of their officers, employees, agents, members or representatives shall be liable for any loss, liability, damage or expense suffered or incurred by any person, nor will they return any money paid to them in connection with the conference unless they are satisfied not only that the money in question remains under their control but also that the person who paid it has been unfairly prejudiced (as to which, decision shall be in their sole and unfettered discretion and, when announced, final and conclusive).

IBA Harassment PolicyIBA conferences provide unrivalled professional development and network-building opportunities for international legal practitioners and their professional associates. The IBA values the participation of every delegate and member of the IBA and wants all attendees to have an enjoyable and fulfilling experience. Accordingly, all conference attendees are expected to show respect and courtesy to other attendees, IBA staff and those involved with hosting the events throughout the conference and at all conference events, receptions, and parties, whether officially organised by the IBA or others. All delegates, guests, attendees, speakers, exhibitors, staff and volunteers at any IBA event are required to conform to the IBA Harassment Policy.

See www.ibanet.org/conferences/harassment-policy.aspx

The 2020 Annual Conference will be

held in Miami, a major US centre and

leading city for finance, commerce, culture,

entertainment and international trade.

With an abundance of business and

networking opportunities on offer, this

modern metropolis will be a fantastic

location for the largest and most

prestigious event for international lawyers.

T O B O O K :

Visit: www.ibanet.org/conferences/Miami-2020.aspx

To receive details of all advertising, exhibiting and sponsorship opportunities for

the IBA Annual Conference in Miami, email [email protected]

H O W W I L L Y O U B E N E F I T F R O M AT T E N D I N G I B A 2 0 2 0 ?• Listen to industry thought leaders and

experts sharing their advice to enable you to

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making connections with a network of over

6,000 international lawyers from more than

2,700 law firms, corporations and regulators

• Save time and money by meeting all of your

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OFFICIAL CORPORATE SUPPORTER

Registration form

21st Annual International Conference on Private Investment Funds

8–10 March 2020, InterContinental Park Lane, London, England

Please read the ‘Information’ section before completing this form and return it together with your bank transfer or cheque to the Conference Department at the address overleaf.

REGISTER ONLINE AT WWW.IBANET.ORG/CONFERENCES/CONF1018.ASPX TO MAKE IMMEDIATE AND SECURE PAYMENT BY CREDIT CARD AND OBTAIN A 10 PER CENT DISCOUNT ON THE FEES BELOW

PERSONAL DETAILS (Please attach your business card or write in block capitals)

Title________________ Given name ____________________________________________ Family name _____________________________________________

Name and country to be shown on badge (if different from above) __________________________________________________________________________

IBA Membership number (if applicable) ________________________________________________________________ Date of birth ______________________

Firm/company/organisation_____________________________________________________________________________________________________________

Address ____________________________________________________________________________________________________________________________

_______________________________________________________________________________ Country ____________________________________________

Tel _____________________________________________________________ Fax ________________________________________________________________

Email ______________________________________________________________________________________________________________________________

SPECIAL DIETARY REQUIREMENTS

If you have special dietary requirements, due to allergen intolerances, medical, religious reasons or a life choice, please specify the requirement below. The IBA is unable to cater for dietary requirements other than for the above reasons.

Please tick box if you have allergen intolerances and specify ____________________________________________________________________________

Please state all other dietary requirements clearly, i.e. I am a vegetarian; I do not eat red meat.

___________________________________________________________________________________________________________________________________

Disclosure of dietary information denotes you have agreed to the IBA sharing this information with relevant third parties who are providing catering on our behalf.

TO OBTAIN A TEN PER CENT DISCOUNT ON THE FEES BELOW, PLEASE REGISTER BY 2 MARCH ONLINE AT WWW.IBANET.ORG/CONFERENCES/CONF1018.ASPX

IBA MEMBERS CAN REGISTER ONLINE BY 7 FEBRUARY FOR £860, PLEASE SEE ‘INFORMATION’ FOR FURTHER ONLINE REGISTRATION DETAILS.

HARD COPY REGISTRATION FORMS AND FEES RECEIVED: on or before 7 February after 7 February amount payable

IBA member £955 £1,055 £

Non-member* £1,105 £1,205 £

Young lawyers (under 30 years) £715 £1,205 £

Academics/judges (full-time) £715 £1,205 £

Public lawyers £715 £1,205 £

Corporate counsel** £860 £1,205 £

TOTAL AMOUNT PAYABLE £

*JOIN THE IBA TODAY AND REGISTER FOR THIS CONFERENCE AT THE IBA MEMBER RATE. PLEASE FIND THE MEMBERSHIP APPLICATION FORM AT WWW.IBANET.ORG.

**A REDUCED RATE IS OFFERED TO IBA CORPORATE GROUP MEMBERS. PLEASE REGISTER ONLINE TO OBTAIN A 25 PER CENT DISCOUNT ON THE IBA MEMBER FEE

A REDUCED RATE IS OFFERED TO LAWYERS WHO ARE OVER THE AGE OF 65, HAVE BEEN AN IBA MEMBER FOR MORE THAN 20 YEARS AND ARE NO LONGER PRACTISING LAW. PLEASE CONTACT THE IBA OFFICE FOR FURTHER INFORMATION.

FULL PAYMENT MUST BE RECEIVED IN ORDER TO PROCESS YOUR REGISTRATION. PLEASE NOTE THAT REGISTRATIONS ARE NOT TRANSFERABLE.

S O L D OU T

METHODS OF PAYMENT

By credit cardRegister online at www.ibanet.org/conferences/conf1018.aspx and make immediate and secure payment by credit card

Note: please do not send your credit card details on the registration form or within an email or fax.

By bank transfer and BACS payment Registration forms received without proof of payment will NOT be processed until proof of payment has been received.

Pounds sterling: by bank transfer or BACS payment to the IBA account number: 13270222 (Sort Code 56-00-03) at the National Westminster Bank, St James’s & Piccadilly Branch, 208 Piccadilly, London W1A 2DG, United Kingdom.

SWIFT address NWBKGB2L, IBAN GB05NWBK56000313270222

Please ensure that a copy of the bank transfer details is attached to your registration form.

Euro: by bank transfer to the IBA account at the National Westminster Bank, St James’s & Piccadilly Branch, 208 Piccadilly, London W1A 2DG, United Kingdom.




US dollars: by bank transfer to the IBA account at the National Westminster Bank, St James’s & Piccadilly Branch, 208 Piccadilly, London W1A 2DG, United Kingdom.




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PLEASE SEND THE COMPLETED FORM TO INTERNATIONAL BAR ASSOCIATION:

Conference Department

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Tel: +44 (0)20 7842 0090 Fax: +44 (0)20 7842 0091 Email: [email protected] www.ibanet.org

A conference presented by the IBA Asset Management and Investment Funds Committee

31st Annual Conference on the Globalisation of Investment Funds17–19 May 2020Conrad Downtown, New York, USA

Topics include:

• What to do when things go wrong – crises management for asset managers

• Life after Brexit – How has the landscape changed?

• Culture in asset management fi rms – regulatory initiatives, expectations and culture in asset management fi rms – the perspective of the fi rms themselves, how are they reacting and what is changing

• Resilience for open‑ended funds after Woodford

• Active management v passive management – is there room for both?

• How asset managers can meet the needs of large institutional investors such as pension funds and sovereign wealth funds – focus on ESG, tax and culture

• Rebalancing responsibility: Shifting the burden for fi nancial outcomes from consumers to issuers & distributors

• Barriers to entry – challenges and pitfalls to foreign asset managers doing business in China

• Trends in private equity funds

• Liability and other issues facing fund depositaries, custodians and administrators

• Digitalisation – are new forms of investment a threat to investment funds?

• CEO panel comprising of representatives from industry fi rms with focus on the role of technology/innovation in asset management



Follow us

@IBAevents

#IBAInvest

A conference presented by the IBA Asset Management and Investment Funds Committee

31st Annual Conference on the Globalisation of Investment Funds17–19 May 2020Conrad Downtown, New York, USA

Topics include:

• What to do when things go wrong – crises management for asset managers

• Life after Brexit – How has the landscape changed?

• Culture in asset management fi rms – regulatory initiatives, expectations and culture in asset management fi rms – the perspective of the fi rms themselves, how are they reacting and what is changing

• Resilience for open‑ended funds after Woodford

• Active management v passive management – is there room for both?

• How asset managers can meet the needs of large institutional investors such as pension funds and sovereign wealth funds – focus on ESG, tax and culture

• Rebalancing responsibility: Shifting the burden for fi nancial outcomes from consumers to issuers & distributors

• Barriers to entry – challenges and pitfalls to foreign asset managers doing business in China

• Trends in private equity funds

• Liability and other issues facing fund depositaries, custodians and administrators

• Digitalisation – are new forms of investment a threat to investment funds?

• CEO panel comprising of representatives from industry fi rms with focus on the role of technology/innovation in asset management



Follow us

@IBAevents

#IBAInvest

Professional.Responsive.Reliable.

Celebrating 15 years of independent director servicesto the alternative investment community.

Allison B. Nolan

Athena International ManagementPO Box 30145 Governors SquareGrand Cayman KY1-1201 • Cayman Islands

+1 345 943 1122athena.ky

Wisdom in Governance Solutions

The Premier Provider of Fund Governance, Compliance & Fund Formation

B E L L R O C K G R O U P . C O MI N F O @ B E L L R O C K G R O U P . C O M

Independent Directors with over 20 years ofsenior level industry experience

Corporate Services & Board Support

Emerging Fund Manager Services

Economic Substance Services

Compliance & Regulatory Reporting

Fund Formation & Structuring of funds of allstrategies

The Premier Provider of Fund Governance, Compliance & Fund Formation

B E L L R O C K G R O U P . C O MI N F O @ B E L L R O C K G R O U P . C O M

Independent Directors with over 20 years ofsenior level industry experience

Corporate Services & Board Support

Emerging Fund Manager Services

Economic Substance Services

Compliance & Regulatory Reporting

Fund Formation & Structuring of funds of allstrategies

OFFSHORE LAW SPECIAL ISTS

BERMUDA BRITISH VIRGIN ISLANDS CAYMAN ISLANDS GUERNSEY JERSEYCAPE TOWN HONG KONG LONDON SINGAPORE careyolsen.com

For further information, please contact one of our investment funds partners at careyolsen.com

“The ‘go-to’ firm for offshore funds work.”THE LEGAL 500 UK

More than 235 lawyers, including Mandarin speakers.

235+

We work with all of the world’s top 25 law firms.

25

We advise more investment funds based in the Channel Islands than any other offshore law firm.

1400+

We advised on the launch of the world's first regulated, crypto-denominated fund.

1stWe advised on the designation of the world’s first Green Investment Fund under Guernsey’s new regime.

1stWe have 18 Tier One rankings in The Legal 500 UK – more than any other offshore law firm.

1st

We advise the SoftBank Vision Fund – the world's largest ever investment fund.

cUS$100bn

We advise all of the world’s top 10 private equity firms.

10/10

We are the largest team of investment funds lawyers across the Channel Islands.

No.1

The Debevoise Private Equity Group continues to lead the field, in an industry we have helped shape for decades.

With consistently high rankings from PEI, Chambers & Partners, and The Legal 500, we have been a recognized leader for more than 35 years.

More than 200 lawyers work within the Group in Debevoise offices around the world, making us one of the few truly global private equity practices.

www.debevoise.com

“Dominant global private

equity practice with experience

advising a comprehensive

range of clients”

Chambers Global

The Debevoise Private Equity Group continues to lead the field, in an industry we have helped shape for decades.

With consistently high rankings from PEI, Chambers & Partners, and The Legal 500, we have been a recognized leader for more than 35 years.

More than 200 lawyers work within the Group in Debevoise offices around the world, making us one of the few truly global private equity practices.

www.debevoise.com

“Dominant global private

equity practice with experience

advising a comprehensive

range of clients”

Chambers Global

With a leading bench that spans the UK, USA, Ireland, France, Luxembourg, Brussels and Germany, as well as the Middle East and Asia, we advise on all major asset classes, fund domiciles and investment structures, collaborating for the benefit of our clients at every stage of the investment life cycle. dechert.com

D

1000 lawyers | 10 time zones | one firm

Cross-border made coherent

Innovative legal solutions.Premier international funds practice. With more than 150 dedicated asset management

attorneys across London, New York and Washington, DC,

we steer multibillion-dollar funds and key mandates

across multiple geographies. We cover the entire spectrum

of the fund formation universe across all asset classes.

To learn more, visit www.friedfrank.com

New York | Washington, DC | London | Frankfurt Attorney Advertising. Prior results do not guarantee a similar outcome.Fried, Frank, Harris, Shriver & Jacobson (London) LLP

“An ascendant figure in the London private equity market”

“Truly international”

“Excellent team”

“Responsive, available and easy to work with”

— Chambers and Partners

WHAT OUR CLIENTS SAY ABOUT US:

ASSET MANAGEMENT

PRACTICE GROUPof the

YEAR

LAW360

With a leading bench that spans the UK, USA, Ireland, France, Luxembourg, Brussels and Germany, as well as the Middle East and Asia, we advise on all major asset classes, fund domiciles and investment structures, collaborating for the benefit of our clients at every stage of the investment life cycle. dechert.com

D

1000 lawyers | 10 time zones | one firm

Cross-border made coherent

Innovative legal solutions.Premier international funds practice. With more than 150 dedicated asset management

attorneys across London, New York and Washington, DC,

we steer multibillion-dollar funds and key mandates

across multiple geographies. We cover the entire spectrum

of the fund formation universe across all asset classes.

To learn more, visit www.friedfrank.com

New York | Washington, DC | London | Frankfurt Attorney Advertising. Prior results do not guarantee a similar outcome.Fried, Frank, Harris, Shriver & Jacobson (London) LLP

“An ascendant figure in the London private equity market”

“Truly international”

“Excellent team”

“Responsive, available and easy to work with”

— Chambers and Partners

WHAT OUR CLIENTS SAY ABOUT US:

ASSET MANAGEMENT

PRACTICE GROUPof the

YEAR

LAW360


575+

1740

LAWYERS

OFFICES

MAJOR LEGAL PRACTICE AREAS

haynesboone.com

Austin Charlotte Chicago Dallas Denver Fort Worth Houston London Mexico City New York Orange County Palo Alto Richardson San Antonio Shanghai The Woodlands Washington, D.C.

© 2019 Haynes and Boone, LLP

Haynes and Boone’s Investment Management Practice Group provides assistance with the formation and ongoing operation of investment funds engaging in a broad spectrum of investment activities from general investment in listed stocks to targeted acquisitions in a wide variety of industries. We represent both domestic and offshore primary investment vehicles and funds of funds, and serve as lead outside counsel to numerous investment funds who combined have tens of billions of dollars in assets under management.

PROVIDING INNOVATIVE LEGAL SERVICES

LOCALLY AND AROUND THE WORLD.

Kirkland & Ellis International LLP 30 St Mary Axe, London, EC3A 8AF, United Kingdom+44 20 7469 2000 | www.kirkland.com | Attorney Advertising

Kirkland & Ellis International LLP is authorised and regulated by the Solicitors Regulation Authority.

Sophisticated legal solutionsKirkland & Ellis is a global leader in providing sophisticated advice to investment fund sponsors, institutional investors and other market participants in the investment fund space. With a team of 400+ attorneys across the globe focused on investment funds, Kirkland is uniquely positioned to provide unparalleled market intelligence and cutting-edge solutions to address the spectrum of legal, regulatory compliance and tax issues that arise over the life cycle of investment funds.

“Kirkland is at the top of the game in private equity, both in M&A and fund work... their depth of knowledge and expertise has grown so significantly in the past few years ... they have seen it all.”

— IFLR1000, 2019

BEIJING | BOSTON | CHICAGO | DALLAS | HONG KONG | HOUSTON LONDON | LOS ANGELES | MUNICH | NEW YORK | PALO ALTO PARIS | SAN FRANCISCO | SHANGHAI | WASHINGTON, D.C.


575+

1740

LAWYERS

OFFICES

MAJOR LEGAL PRACTICE AREAS

haynesboone.com

Austin Charlotte Chicago Dallas Denver Fort Worth Houston London Mexico City New York Orange County Palo Alto Richardson San Antonio Shanghai The Woodlands Washington, D.C.

© 2019 Haynes and Boone, LLP

Haynes and Boone’s Investment Management Practice Group provides assistance with the formation and ongoing operation of investment funds engaging in a broad spectrum of investment activities from general investment in listed stocks to targeted acquisitions in a wide variety of industries. We represent both domestic and offshore primary investment vehicles and funds of funds, and serve as lead outside counsel to numerous investment funds who combined have tens of billions of dollars in assets under management.

PROVIDING INNOVATIVE LEGAL SERVICES

LOCALLY AND AROUND THE WORLD.

Kirkland & Ellis International LLP 30 St Mary Axe, London, EC3A 8AF, United Kingdom+44 20 7469 2000 | www.kirkland.com | Attorney Advertising

Kirkland & Ellis International LLP is authorised and regulated by the Solicitors Regulation Authority.

Sophisticated legal solutionsKirkland & Ellis is a global leader in providing sophisticated advice to investment fund sponsors, institutional investors and other market participants in the investment fund space. With a team of 400+ attorneys across the globe focused on investment funds, Kirkland is uniquely positioned to provide unparalleled market intelligence and cutting-edge solutions to address the spectrum of legal, regulatory compliance and tax issues that arise over the life cycle of investment funds.

“Kirkland is at the top of the game in private equity, both in M&A and fund work... their depth of knowledge and expertise has grown so significantly in the past few years ... they have seen it all.”

— IFLR1000, 2019

BEIJING | BOSTON | CHICAGO | DALLAS | HONG KONG | HOUSTON LONDON | LOS ANGELES | MUNICH | NEW YORK | PALO ALTO PARIS | SAN FRANCISCO | SHANGHAI | WASHINGTON, D.C.

Fund lawyersmaking the difference

LUXEMBOURG

We believe that smart solutions require an integrated approach. Our Luxembourg investment management practice is unique in combining fund, finance and tax capabilities. > loyensloeff.lu

COLLABORATIVE APPROACH FOR TOP RESULTS

LEGAL SERVICESFIDUCIARY SERVICESFUND SERVICESREGULATORY & COMPLIANCEENTITY FORMATION & MANAGEMENT

maples.com

18GLOBALOFFICES

GLOBALPROFESSIONALS

2000+

COLLABORATIVE APPROACH FOR TOP RESULTS

LEGAL SERVICESFIDUCIARY SERVICESFUND SERVICESREGULATORY & COMPLIANCEENTITY FORMATION & MANAGEMENT

maples.com

18GLOBALOFFICES

GLOBALPROFESSIONALS

2000+

CaymanAlex Last

[email protected]

GuernseyFrances Watson

[email protected]

JerseyBen Robins

[email protected]

Hong KongPaul Christopher

Managing [email protected]

LondonRobert Duggan


mourant.com

“ Mourant is the premier fund legal advisor.”

Legal 500, 2019

An outstanding international reputation in offshore investment funds.

BVI | CAYMAN ISLANDS | GUERNSEY | HONG KONG | JERSEY | LONDON

Law | Governance

Legal Services British Virgin IslandsCayman IslandsGuernseyHong KongJerseyLondonLuxembourgShanghaiTokyo

Inn vativeWe understand funds. Ogier’s specialists have been at the forefront of fund set-up, structuring and finance since the inception of the industry with many actively involved in drafting the key laws that underpin fund structures across our international jurisdictions. We act for investment fund managers, banks, financial institutions, funds, investors and promoters, working with blue chip clients with established track records and the most innovative and entrepreneurial new sponsors entering the market. We pride ourselves on providing responsive and practical advice, while our hands-on, partner-led teams ensure a consistent approach.

ogier.com

CaymanAlex Last

[email protected]

GuernseyFrances Watson

[email protected]

JerseyBen Robins

[email protected]

Hong KongPaul Christopher


LondonRobert Duggan


mourant.com

“ Mourant is the premier fund legal advisor.”

Legal 500, 2019

An outstanding international reputation in offshore investment funds.

BVI | CAYMAN ISLANDS | GUERNSEY | HONG KONG | JERSEY | LONDON

Law | Governance

Legal Services British Virgin IslandsCayman IslandsGuernseyHong KongJerseyLondonLuxembourgShanghaiTokyo

Inn vativeWe understand funds. Ogier’s specialists have been at the forefront of fund set-up, structuring and finance since the inception of the industry with many actively involved in drafting the key laws that underpin fund structures across our international jurisdictions. We act for investment fund managers, banks, financial institutions, funds, investors and promoters, working with blue chip clients with established track records and the most innovative and entrepreneurial new sponsors entering the market. We pride ourselves on providing responsive and practical advice, while our hands-on, partner-led teams ensure a consistent approach.

ogier.com

Even in the best of times, industry-leading fund managers face challenges that can’t be anticipated. Ambitious goals may take fund managers into uncharted territory, where pitfalls and opportunities abound.

That’s why Paul, Weiss embraces the unusual. The innovative approach. The creative solution. The kind of insight that helps fund managers prepare for the unexpected — and harness all of its possibilities.

While growth is on the horizon, many challenges remain as fund managers navigate an ever-shifting legal and regulatory climate. These times demand trusted counsel — the steady hand, focused vision and seamless service that our clients expect from our lawyers and our firm.

N E W Y O R K | B E I J I N G | H O N G KO N G | LO N D O N | TO K Y O | TO R O N TO | WA S H I N G TO N , D C | W I L M I N G TO N

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SolutionsClients

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Ropes & Gray

THE RIGHT PARTNERIs Your Best Investment

Attorney Advertising ©2019 Ropes & Gray LLP

ASSET MANAGERS ranging from start-up ventures to industry giants turn to Ropes & Gray for informed counsel on their key legal and business needs.

n 300+ asset management-focused lawyers across the United States, Europe and Asia

n Formed more than 500 funds over the past five years

n Advise on all open- and closed-end funds issues

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n Advise on the largest and most complex private equity transactions

LEARN MORE AT ropesgray.com/asset-management

Advert space

Advert space

International Bar Associationthe global voice of the legal profession

The International Bar Association (IBA), established in 1947, is the world’s leading organisation of international legal practitioners, bar associations, law firms and law societies.

The IBA influences the development of international law reform and shapes the future of the legal profession throughout the world. It has a membership of more than 80,000 individual lawyers and more than 190 bar associations and law societies spanning over 170 countries.

Inspired by the vision of the United Nations, the IBA was founded in the same spirit, just before the Universal Declaration of Human Rights was proclaimed in 1948.

The IBA covers all practice areas and professional interests, providing members with access to leading experts and up-to-date information, enabling them to better represent their clients’ interests.

Through its various committees, fora and task forces, the IBA facilitates the exchange of information and views among its members as to laws, practices and professional responsibilities relating to the practice of law around the globe.

IBA Investment Funds Committee Overview

The IBA Investment Funds Committee provides a convenient forum for its members to consider current developments in the global investment funds industry, including both regulatory and product development. It also produces newsletters and occasional e-bulletins for its members. In addition to its programmes at the annual IBA conferences, the committee presents an annual conference on Globalisation of Investment Funds normally held in May, which celebrated its 30th successful year in 2019. The event attracts delegates from approximately 30 countries and features presentations by senior regulators from around the world, senior executives of top fund managers and other fund service providers, as well as from leading practitioners in the field.

IBA Private Investment Funds Subcommittee

The committee also has established a Private Investment Funds Subcommittee. The Subcommittee focuses on specialised collective investment vehicles such as private equity, real estate, hedge, leverage buy-out and commodity funds. In addition to its programme at the annual IBA conferences, the Subcommittee annually presents the Private Investment Funds Conference normally held in London each March and held its 20th successful event in 2019.

Additionally, the IBA Investment Funds Committee works with the following committees to form the IBA Financial Services Section:

• IBA Banking Law Committee

• IBA Capital Markets Forum

• IBA Insurance Committee

• IBA Securities Law Committee

Contact informationInternational Bar Association4th Floor, 10 St Bride Street, London EC4A 4AD, United KingdomTel: +44 (0)20 7842 0090 Fax: +44 (0)20 7842 0091Email: [email protected] www.ibanet.org

Documents

21st Annual International Conference on Private Investment ...Nicholas Blake-Knox Walkers Global, Dublin Samuel Brooks Macfarlanes, ... This workshop will focus on key trends in an