University of Texas at Austin
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Texas Private Equity Conference

McCombs School of Business McCombs School of Business

2020 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 14, 2020

AT&T Executive Education and Conference Center
The University of Texas at Austin
1900 University Avenue
Austin, TX 78705

 

Register Here

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:
Julia Coronado, President and Founder, Macropolicy Perspectives

9:20 am - 9:40 am

Break

9:40 am - 10:40 am

Panel 1:  Private Credit

Description:  This session will examine the private credit market. This market, which is estimated to total approximately $4 trillion, rivals the private equity market in size. The discussion will address the evolution of the private credit market, which offers investors a considerably different risk-return profile than private equity, and what we can expect in the future. The panelists represent the direct lending, real estate credit, energy credit, and distressed lending components of the market.

 

Moderator: Ruchit Shah, Acting CIO, Texas Treasury Safekeeping Trust

 

Panelists:
Taylor Boswell, CIO, Carlyle Direct Lending
Marc Feliciano, CIO, Americas Real Estate DWS
Patrick Hickey, Managing Director, EIG Global Energy Partners
Rakesh (Rick) Jain, Partner and Head of Global Credit, Pantheon

10:40 am - 11:00 am Break


11:00 am - 12:00 pm

Panel 2: Disruptive Technologies: What’s Next for VC?

Description:  Throughout history, venture capital has exploited disruptive technologies to create billions of dollars of value starting with semiconductors and continuing with personal computers, the internet, ecommerce, smart phones and mobile technologies, Enterprise SaaS, genome and other healthcare innovation. As we enter the third decade of the 21st century, technologies such as 5G, artificial intelligence, machine learning, cognitive computing, blockchain, robotics, autonomous vehicles, virtual and augmented reality, and IoT are poised to disrupt other industries. This panel will explore what the next big things are in venture investing and what verticals may be overinvested or underinvested.


Moderator:  Bob Metcalfe, Professor and Clint W. Murchison, Sr. Chair of Free Enterprise,
                         Cockrell School of Engineering, University of Texas at Austin

 

Panelists:

Josh Baer, Founder and CEO, Capital Factory
John Paulos, Board Chair, Central Texas Angel Network
Manoj Saxena, Executive Chairman, CognitiveScale
Zac Zeitlin, Founder and General Partner, New Ground Ventures

12:00 pm - 1:40 pm

Lunch

Keynote Speaker:
‚Äč  Craig A. Bondy, Managing Director, GTCR

Scholarship Recipient Recognition:  Joe Hahn, Associate Dean for MBA Programs, McCombs School of Business

1:40 pm - 2:40 pm

Panel 3: Senior LP Perspective on the State of Private Equity

Description:  This panel will explore how LPs are adjusting their private equity portfolios in response to the very robust private equity environment and other pressures that they face. For example, the strategies and underwriting approach they are executing to protect returns, their perspective on future industry returns, the ways in which they are addressing fee pressures, views on backing larger GPs versus smaller managers, and how they are addressing governance, incentive alignment, and sustainability issues.

 

Moderator:  Ken Wiles, Associate Director of Hicks, Muse, Tate & Furst Center for Private Equity Finance and

                         Clinical Associate Professor, McCombs School of Business

 

Panelists:
Chris Halaska, SVP and CIO, Memorial Hermann Health System
Neil Randall, Senior Director of Private Equity, Teacher Retirement System of Texas
Tom Tull, CIO, Employees Retirement System of Texas
Russell Valdez, CIO, Wafra

2:40 pm - 2:45 pm

Closing Comments

Speaker:  Robert Parrino, Director of Hicks, Muse, Tate & Furst Center for Private Equity Finance and
                    Professor of Finance, McCombs School of Business

Keynote Speakers

Keynote Speakers

 CBondy 
Craig A. Bondy
Managing Director
GTCR

Craig joined GTCR in 2000 and is currently a Managing Director of the firm. Previously, Craig worked in the investment banking department at Credit Suisse First Boston in both Chicago and London. He holds an MBA from Stanford University and a BBA in finance with high honors from the Business Honors Program at the University of Texas.
Craig is co-head of the Technology, Media & Telecommunications group at GTCR and is currently a Director of EaglePicher Technologies, Fairway Outdoor and Simpli.fi. In addition, Craig was previously a Director of GTCR’s past investments including Avention, CAMP Systems, CellNet, DigitalNet, Landmark Aviation, Six3 Systems, Solera, TransFirst and VeriFone. Outside of GTCR,
Craig spends significant time on the Board of Communities In Schools of Chicago, a non-profit organization that connects public school children with free social, emotional, health and enrichment programs. He also serves on the Advisory Council of the McCombs School at the University of Texas, and the GSB Management Board at Stanford University.

 

 

JCoronado 
Julia Coronado
President and Founder
MacroPolicy Perspectives LLC

Julia Coronado is founder of the economic research firm MacroPolicy Perspectives and a Clinical Associate Professor at the McCombs School of Business at University of Texas at Austin. Prior to starting MPP Julia was Chief Economist at the hedge fund Graham Capital Management and the global investment bank BNP Paribas, and a Senior Economist at Barclays Capital. Julia received her B.A. in Economics from University of Illinois Urbana then worked for several years in the Texas banking industry in the aftermath of the savings and loan crisis. She then enrolled in the University of Texas at Austin. After receiving her Ph.D. in Economics from UT, Julia worked as a staff economist at the Federal Reserve Board of Governors in Washington D.C. for eight years. Julia has published a number of scholarly articles on issues related to pension finances and market valuations, social security, and retirement saving adequacy and behavior. Julia has represented the US at OECD meetings on financial market issues and has testified before the US Congress on Social Security reform. She is a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, the Economic Studies Council at the Bookings Institution and just completed a term on the Board of Directors of the National Association of Business Economists. Julia is also on the Board of Directors of Robert Half International and serves on the Advisory Boards of the Pension Research Council at the Wharton School and the Cleveland Fed’s Center for Inflation Research. Julia is a regular commentator in financial media, including CNBC, Bloomberg, Marketplace, and the Wall Street Journal. 

 

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 9, 2020. This date is firm and there will be no exceptions. Go to the following link to make a reservation:

https://book.passkey.com/go/TXPRIE0220

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 14. 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 14, 2020

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.