2017 Texas Private Equity Conference
IS NOW OPEN
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 in the private equity markets to discuss private equity. The conference will address issues of interest to both the venture capital and buyout communities.
|8:00 am - 8:30 am
|Registration and Breakfast
|8:30 am - 8:35 am
Speaker: Jay Hartzell, Dean, McCombs School of Business
|8:35 am - 9:20 am
The Mirror and the Windshield: A retrospectively informed view of the future of private equity
Speaker: Robert Borden, Chief Executive Officer and Chief Investment Officer, Delegate Advisors
|9:20 am - 9:40 am
|9:40 am - 10:40 am
|Panel 1: The Role of Private Equity in the Formation and Restructuring of Oil and Gas Companies
This session will examine the role of private equity in the oil and gas space, including the role of private equity
in helping with the birth of new companies, restructuring existing companies that are in distress, and purchasing
assets. The panel will discuss current and possible future activities in each of these areas, as well as the role
that private equity plays in fostering innovation in the oil and gas industry.
Sheridan Titman, McAllister Centennial Chair in Finance, McCombs School of Business
James Hackett, Partner, Riverstone
Christopher Manning, Managing Partner, Trilantic Capital Partners
William Montgomery, Partner, Quantum Energy Partners
Bryan Sheffield, CEO and Chairman, Parsley Energy
|10:40 am - 11:00 am
|11:00 am - 12:00 pm
||Panel 2: In Search of Private Company Investment Returns
This session will examine how increases in private company pricing and lower return expectations
are affecting investment decisions, fee structures, co-investment and direct investment activity by LPs.
Private funds currently have considerably more than $1.0 trillion in committed, but un-invested, capital.
This large amount of available capital has increased competition for private investments and driven up
deal multiples and prices. These higher prices, combined with uncertain exit opportunities, longer
holding periods, and a slow growth economic environment are driving private equity returns below
public market equivalents. In this environment, LPs are increasingly seeking to reduce fees directly
or by co-investing or direct investments to enhance their net returns.
Ken Wiles, Associate Director, Hicks, Muse, Tate & Furst Center for Private Equity Finance
William Carpenter, Teacher Retirement System of Texas
Andy Jhawar, Senior Partner, Apollo Global Management
Tiffany Kosch, Co-Founder and Managing Director, CenterGate Capital
Austin M. Long, III, Principal, Alignment Capital Group
|12:00 pm - 1:40 pm
Keynote Discussion: Monetizing Equity Interests in Institutional Alternative Asset Management Companies
Guest: Sean Ward, Partner, Dyal Capital Partners
Moderator: Robert Strauss, Managing Director, Peak Rock Capital
Scholarship Recipient Recognition: Steve Limberg, Associate Dean for MBA Programs,
McCombs School of Business
|1:40 pm - 2:55 pm
||Panel 3: Disruptive Technologies and Private Equity Investment Opportunities
The convergence of several disruptive technologies, including artificial intelligence, internet of things,
cloud technology, and mobility will greatly impact how business is conducted and the opportunities
available to investors. This session will examine the investment implications of the individual technologies
and their convergence, with illustrations from selected industries. The objective is to help investors across
the private equity spectrum better understand the changes that are taking place and think about how
these changes are likely to affect the types of businesses that they invest in.
Tony Palcheck, Managing Director (new venture investing), Zebra Technologies Corporation
Ed Tonkon, President, Zebra Retail Solutions, Zebra Technologies Corporation
Jim Armstrong, Partner, March Capital Partners
Thomas Bianculli, Chief Technology Officer, Zebra Technologies Corporation
Mark Cho, Head of Disruptive Technologies, Invesco Ltd
Cian Cotter, Managing Director, Insight Venture Partners
Patrick Pace, Senior Director - Healthcare and Lower/Middle Markets, UTIMCO
|2:55 pm - 3:00 pm
Speaker: Robert Parrino, Director, Hicks, Muse, Tate & Furst Center
for Private Equity Finance
Chief Executive Officer and Chief Investment Officer
Robert has over 15 years’ experience serving as the Chief Executive Officer and Chief Investment Officer for two multi-billion dollar public trust funds. Prior to these roles, he served as Treasurer and Senior Manager of Financial Services for the Texas Mutual Insurance Fund. He was previously Vice President of Treasury and Interest Rate Risk Manager of Franklin Federal Bancorp. He began his career in 1982 at the Bond Division of the Texas State Treasury. Graduating from the University of Texas at Austin with a BBA in Finance, he went on to earn a Master of Science degree in Finance from Louisiana State University.
Dyal Capital Partners
Sean Ward is a Managing Director of Neuberger Berman and a founding member of the Dyal Capital Partners Investment Team. Previously a Vice President at Lehman Brothers, Sean held several roles at Neuberger Berman after it became an independent firm, including Senior Counsel for NB Alternatives. Prior to joining the firm, he was an associate at Covington & Burling LLP, where his practice focused on mergers and acquisitions, public and private securities offerings and credit transactions. Prior to Covington & Burling LLP, Sean worked at Davis Polk & Wardwell LLP in New York and London.
Sean received his JD, magna cum laude, from the Duke University School of Law and holds a BA, magna cum laude, in Diplomatic History and Political Science from the University of Pennsylvania.
Mr. Strauss is a Managing Director of Peak Rock. Most recently he was a Principal at Aurora Resurgence and previously he was a Principal at Insight Equity. Mr. Strauss focused on making debt and equity investments in a variety of middle market companies at both prior firms and has served as a board member or observer for numerous portfolio companies. Prior to Insight Equity, Mr. Strauss was an Investment Analyst with Hicks, Muse, Tate & Furst, and prior to Hicks Muse, Mr. Strauss was a Financial Analyst in the investment banking divisions of Donaldson Lufkin & Jenrette and Salomon Smith Barney.
Mr. Strauss received a master’s degree in business administration from Stanford University and a bachelor’s degree in business administration from the University of Texas at Austin.
AT&T Executive Education & Conference Center
1900 University Avenue
Austin, TX 78705
We have negotiated a room block with a special rate of $185 per night at the AT&T Center. Cut-off Date: Thursday, January 19, 2017. This date is firm and there will be no exceptions. Go to the following link to make a reservation:
https://resweb.passkey.com/go/TEXPEC0217. 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.
On-site registration and continental breakfast begin at 8:00 a.m. on Friday, February 3 in the AT&T Executive Education and Conference Center. 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 3, 2017
8:00 a.m. – 8:30 a.m. Registration 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 (Salon C)
1:40 p.m. – 2:45 p.m. Afternoon sessions (Classroom 204)
AT&T Executive Education and Conference Center
Last minute questions:
1900 University Avenue
Austin, Texas 78705
Conference Attire: Business casual
You can reach Bob Parrino at (512) 471-5788 (office), (512) 569-0120 (cell), or by e-mail at firstname.lastname@example.org
or Juana Hardwick at (512) 471-6511 (office), (512) 497-2738 (cell), or by e-mail at Juana.Hardwick@mccombs.utexas.edu