University of Texas at Austin

2019 Texas Private Equity Conference

2019 Texas Private Equity Conference

2019 Texas Private Equity Conference

McCombs School of Business McCombs School of Business

2019 Texas Private Equity Conference

The Texas Private Equity Conference is sponsored annually by the Hicks, Muse, Tate & Furst Center for Private Equity Finance. The conference provides an opportunity for finance researchers and practitioners to discuss current issues of interest to both the venture capital and buyout communities.

Conference Date & Location
February 8, 2019
AT&T Executive Education and Conference Center
The University of Texas at Austin
1900 University Avenue
Austin, TX 78705

Web based registration is closed due to capacity constraints.  If you would like to register, please contact Juana Hardwick at juana.hardwick@mccombs.utexas.edu.

Program

Program

8:00 am - 8:30 am 

Registration and Breakfast

8:30 am - 8:35 am 

Opening Comments
Speaker: Jay Hartzell, Dean, McCombs School of Business
 

8:35 am - 9:20 am


 Keynote Speaker: 
Glenn A. Youngkin, Co-Chief Executive Officer, The Carlyle Group

9:20 am - 9:40 am

Break

9:40 am - 10:40 am

Panel 1:  Private Equity Valuations
Description:  This session will examine private equity valuations, their implications for investor returns and the LP allocation decisions.  The discussion will address issues such as the impact on valuations of how profitability is measured, the sustainability of profit margins, and the cost and availability of debt financing.

Moderator:  Sheridan Titman, McAllister Centennial Chain in Finance, McCombs School of Business 

Panelists:  
Jim McBride, Founder and Managing Member, Blue Sage Capital
John Moriarty, Managing Director, Robert W. Baird & Co.

Adam Pollock, Managing Director, Stellus Capital Management

Ryan Wald, Partner, Marlin Equity Partners
Shelby Wanstrath, Senior Investment Manager, Teacher Retirement System of Texas

 

10:40 am - 11:00 am Break


11:00 am - 12:00 pm

Panel 2:  The Growth of the Private Equity Secondary Market

Description:  This session will examine the growth of the secondary market and the wider role secondary transactions play, including LP stake sales and GP-led deals, in the private equity industry and other private markets focus areas.

Moderator:  Sharmila Kassam, Deputy CIO, Texas Employees Retirement System

Panelists: 
Ian Charles, Partner, Landmark Partners

Michael Elio, Partner, StepStone Group

Adam Graev, Partner, Glendower Capital

Michael Hacker, Managing Director - Secondary Investments, Alpinvest Partners

 

12:00 pm - 1:40 pm

Lunch

Keynote Speaker:  
‚ÄčAlan Cline, Principal and Co-head Vista Foundation Fund, Vista Equity Partners


Scholarship Recipient Recognition:  Steve Limberg, Associate Dean for MBA Programs, McCombs School of Business                      

 

1:40 pm - 2:40 pm

Panel 3:  The Evolving Venture Capital Market

Description:  This session will examine the evolution of the venture capital market in recent years, including the rapid rise in the amount of venture capital being raised, the sources of those funds (e.g., domestic vs. overseas), the resurgence of corporate venture capital, and investment structures, and exit strategies.  Comparisons to past venture capital markets, such as that in 1999 will be used to benchmark the discussion.

Moderator:  Jim Nolen, Distinguished Senior Lecturer, McCombs School of Business

Panelists: 
Tom Ball, Partner and Co-founder, NextCoast Ventures

Jim Curry, Partner and Co-founder, BuildGroup

Jett Fein, Principal, e.ventures

Blair Garrou, Managing Director and Co-founder, Mercury Fund

Preetha Parthasarathy, Partner, SAP.iO Fund

 

2:40 pm - 2:45 pm Closing Comments
Speaker: Robert Parrino, Director, Hicks, Muse, Tate & Furst Center for Private Equity Finance

Keynote Speakers

Keynote Speakers

 Youngkin

Glenn A. Youngkin
Co-Chief Executive Officer
The Carlyle Group 


Glenn Youngkin is Co-Chief Executive Officer of The Carlyle Group and a member of Carlyle’s Board of Directors.  He is based in Washington, DC. 

 

From May 2015 to December 2017, Mr. Youngkin served as President and Chief Operating Officer. From June 2014 to May 2015, Mr. Youngkin served as Co-President and Co-Chief Operating Officer. From 2011 until May 2014, Mr. Youngkin was Carlyle’s Chief Operating Officer.  From October 2010 until March 2011, Mr. Youngkin served as Carlyle’s interim principal financial officer. From 2005 to 2008, Mr. Youngkin was the Global Head of the Industrial Sector investment team. From 2000 to 2005, Mr. Youngkin led Carlyle’s buyout activities in the United Kingdom and from 1995 to 2000, he was a member of the U.S. buyout team. Prior to joining Carlyle in 1995, Mr. Youngkin was a management consultant with McKinsey & Company and he also previously worked in the investment banking group at CS First Boston.   

 

Mr. Youngkin earned his B.S. in mechanical engineering and his B.A. in managerial studies from Rice University and his MBA from the Harvard Business School, where he was a Baker Scholar.   

 

Mr. Youngkin has served on the Board of Directors of numerous Carlyle portfolio companies. Mr. Youngkin also currently serves on several non-profit governing boards, including the Board of Trustees of the National Cathedral School, the Board of Directors of the Rice Management Company, and the Vestry of Holy Trinity Church.

 

Cline

Alan Cline
Principal and Co-head Vista Foundation Fund
Vista Equity Partners


Alan Cline originally joined Vista Equity Partners in 2001. Mr. Cline is Co-Head of the Vista Foundation Fund and sits on the Vista Foundation Fund’s Investment Committee. Mr. Cline currently sits on the boards of Allocate, Lithium, LogicMonitor, PayLease, Social Solutions, and Upserve. He was actively involved in the firm’s investments in Accruent, AGDATA, Aspect Communications, Autotask, BigMachines, Bullhorn, Kibo, Lone Wolf, Main Street Hub, MircoEdge, Mitratech, NEWSCYCLE Solutions, Relias Learning, and SRC Software.

 

Prior to rejoining Vista in 2008, Mr. Cline worked as a General Partner at Accretive, an innovative venture capital firm focused on high growth technology-enabled service companies. Before joining Vista in 2001, Mr. Cline co-founded and served as the General Manager of Fandango, an internet-based movie ticketing business. Prior to Fandango, Mr. Cline worked at Goldman, Sachs & Co. in the Mergers & Acquisitions and High Technology groups.

 

Mr. Cline received a B.S. in Systems Engineering from the University of Virginia and his M.B.A. from Stanford University.  He currently resides in Austin, Texas with his wife and three children.

Accommodations

Accommodations

ATT EECC
AT&T Executive Education & Conference Center
1900 University Avenue
Austin, TX 78705
512-404-1900
Website


We have negotiated a room block with a special rate of $189 per night at the AT&T Center. Cut-off Date: Thursday, January 10, 2019. This date is firm and there will be no exceptions. Go to the following link to make a reservation:

https://book.passkey.com/e/49707856. 

Or by phone (512) 404-3600; please reference the group name, Texas Private Equity Conference  in order to receive the group rate over the contracted dates.

Logistics

Logistics

On-site registration and continental breakfast begin at 8:00 a.m. on Friday, February 8. The conference begins promptly at 8:30 a.m. The key dates, times, and other pertinent information that you should keep in mind are summarized below.

Friday, February 8, 2019

8:00 a.m. – 8:30 a.m. Registration (Foyer outside Classroom 204) and continental breakfast (Tejas Dining Room)
8:30 a.m. – 12:00 noon Morning sessions (Classroom 204)
12:00 noon – 1:40 p.m. Lunch (Zlotnik Ballroom)
1:40 p.m. – 2:45 p.m. Afternoon sessions (Classroom 204)

Meeting Location:

AT&T Executive Education and Conference Center
1900 University Avenue
Austin, Texas 78705


Conference Attire:
Business casual


Last minute questions:
You can reach Bob Parrino at (512) 471-5788 (office), (512) 569-0120 (cell), or by e-mail at robert.parrino@mccombs.utexas.edu or Juana Hardwick at (512) 471-6511 (office), (512) 497-2738 (cell), or by e-mail at Juana.Hardwick@mccombs.utexas.edu.