SUMMER 2010
Rebalancing Supply & Demand in Venture Capital Industry
Outlook for Secondary Investing: Improving Liquidity
Utilization of Defined Benefit Plans in PE Firms
Latin American Real Estate: Emerging Markets as Shelter in Storm
Seeking Growth: Opportunities for PE in China
Exclusive Interview with Robert Walker, Sierra Ventures
In Other News
PROGRAMS & EVENTS
July 20-22
M&A Reboot: Creating New and Profitable Relationships in a Changing World
Chicago, IL
July 21-23
Family Office & Private Wealth Management Forum
Newport, RI
July 21-23
Public Funds Summit East
Newport, RI
October 20-21
Thunderbird Southeast Asia PE Conference
Ho Chi Minh City, Viet Nam
Sponsored by:
Reach over 25,000 PE/VC experts, investors and industry leaders.
Sponsor the Quarterly!
Message from the Academic Director
In just six years, Thunderbird's Global Private Equity Center (TPEC) has accomplished much. In 2010 alone, we hosted our 6th annual conference in Phoenix, held topical forums in places like California; Arizona; New York; and Zurich, and published a number of white paper reports. Nearly a thousand professionals, service providers, researchers and students attended these various programs. Several thousand more are receiving our TPEC Quarterly Newsletter.
These activities have been enabled by the efforts of our dedicated sponsors, including: Rothstein Kass LLC, PricewaterhouseCoopers, Edwards Angell Palmer & Dodge, SecondMarket, Global Environment Fund, Taylor DeJongh, Rock Lake Associates, National Business Brokers, ACS
and RISC.
If you are interested in getting involved in any TPEC activities - authoring a white paper, participating in joint research or supporting our practical and academic research efforts - contact us today!
Sincerely,
Gary Gibbons, Ph.D.
TPEC Academic Director
Rebalancing Supply & Demand in Venture Capital Industry
By Joel C. Romines, Knightsbridge Advisers LLC
In competitive markets with current price signals, supply/demand balance happens smoothly; in markets where prices lag reality, dramatic and seemingly persistent supply and demand swings and imbalances are possible. The latter is the case in the venture capital industry. Read more
Outlook for Secondary Investing: Improving Liquidity
By Marleen Groen and Ferdinand von Eberhardt, Greenpark Capital Limited
Following a brief introduction to secondaries in private equity, Ms. Groen and Mr. Eberhardt describe how the secondaries market has been impacted by economic developments over the last couple of years and then set out Greenpark’s expectations for the next phase of secondaries investing from 2010 onwards. Read more
Utilization of Defined Benefit Plans in PE Firms
By Jonathan Porter, Esq, Three Bridge Wealth Advisors Recent changes in retirement plan laws have created a significant opportunity for VC and PE firm general partners to substantially increase their pre-tax retirement contributions without appreciably increasing contributions to non-partners. Read more
Latin American Real Estate: Emerging Markets as Shelter in Storm
By Greg Rockwell, Excend Capital
The European debt crisis has provided fresh insight to investors worldwide that the systemic problems uncovered in the highly developed capital markets of the United States and Europe are far from completely resolved. The comparatively stable markets in Latin America, particularly in real estate, present interesting opportunities. Read more
Seeking Growth: Opportunities for PE in China
By Seth Mallamo, T-bird '09,
CPA, Manager, Trinergy-Finance Shanghai
This year has seen considerable activity among PE firms in China with over 100 funds denominated in Chinese currency (RMB) now competing with numerous funds offshore. This level of interest highlights the significant investment opportunities for PE funds willing to spend the time and money to find companies with truly great potential. Read more
Exclusive Interview with Robert Walker, Sierra Ventures
By David Kralik, T-bird ’11
Thunderbird MBA candidate David Kralik talks to Robert Walker of Sierra Ventures about the state of the private equity industry. Read more
In Other News
- U.S. News & World Report has again ranked Thunderbird #1 in international business, marking the 15th consecutive year Thunderbird has received top honors.
- Register Now: Southeast Asia Private Equity Investing Conference in Ho Chi Minh City, Viet Nam October 20-21, 2010
- Save the Date: Thunderbird 7th Annual Global Private Equity Investing Conference April 6-8, 2011
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