Reality Check?

Under the theme Reality Check?, this Cannes edition will be an important kick-off of the year for the IPEM community to discuss the complex macro environment, as well as the new challenges, and opportunities it creates for private market investors.
Download the IPEM Cannes 2023 Program
Discover our 4 Program Themes
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IPEM Cannes 2023 Top Speakers

IPEM Cannes 2023 Program

IPEM2022_program-networking-events-day1_format-rond

Social Events

Participate in dynamic and easy-going events inside and outside the Palais des Festivals with the serenity of the French Riviera and the turquoise Mediterranean to energize the mind (and soul) as background.
Download IPEM Cannes 2023 Social Events Program
Croisette Express
11:15 AM / 05:15 PM - Paris | Gare de Lyon

Sponsored by

 

 

Our very own train, the Croisette Express, leaves Gare de Lyon, in Paris, at 11:25 AM and arrives at 5:15 PM in Cannes, just in time for you to drop your things off at the hotel and get ready for our Welcome Gala.

 

 

LPAC Meeting
05:30 PM / 07:00 PM - Outside the venue

Sponsored by

 

The LPAC Meeting is IPEM’s exclusive gathering of senior-level-only investors. This closed-door event facilitates peer-learning and experience sharing among some of the largest and most sophisticated LPs.

 

5:30 PM | Welcome Coffee

5:45 PM | LPAC Meeting Introduction led by Tom Masthay, deputy CIO at Texas Municipal Retirement System (TMRS)

“Reality Checking, Risk & Uncertainty”

 

6:10 PM | Roundtable Discussions: “What Reality Check?” led by Marie-Victoire Rozé, Senior Managing Director at Ardian

  • Understanding current macro trends, uncertainty, and volatility.
  • Assessing risk and stress-testing portfolios at an LP level.
  • Updating GP selection in new times.
  • Where is the LP/GP relationship heading in 2023?

 

6:40 PM | Restitution

6:55 PM | Closing Remarks

7 PM | End of Meeting

 

Welcome Gala
07:00 PM / 09:00 PM - Hôtel Le Majestic

Sponsored by

 

IPEM Cannes 2023 welcomes its participants to another exciting edition with an opening cocktail! A good way to start a new year in the world of Private Markets.

DRESS CODE: BUSINESS

Powertalks

Powertalks

Join the high-profile speakers taking the stage this year, and learn more about the new trends emerging that will over time become the new foundations on which future sustainable growth is realized.
Download IPEM Cannes 2023 Powertalks Program
IPEM2022_program-summits-and-meetups-day1_format-rond

Summits

Enjoy IPEM’s practical and dynamic sessions on specific topics to go deeper and find solutions together. Take the opportunity to network with participants during lunches or cocktails at the end of each summit.
Download IPEM Cannes 2023 Summits Program
WOMEN & DIVERSITY IN PE SUMMIT
11:00 AM / 01:30 PM - Summit Room | Level -1 (Croisette)

Sponsored by

In partnership with


11 AM | Keynote Introduction

 

11:20 AM | Women in PE, the Ambition in 2023

Compared to its European neighbors, France has an above-average representation of female employees in investment teams. This panel considers what is going right and where to go next:

  • How is the French industry faring?
  • What local cultural and social issues can promote diversity?
  • Best practices in retention and promotion.

 

11:55 AM | International Perspectives

This panel gathers a range of international viewpoints to share their learnings and experiences from the diversity journey:

  • Where does diversity sit on the LP due diligence agenda?
  • How to foster a diverse next generation of leaders?
  • Experiences that embed diversity in succession practices.

 

12:30 PM | Lunch

1:30 PM | Summit Ends

 


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Speaker(s):
   - Kelly CARTER - Head of Multi-Asset & Limited Partners Sales - Sofware Solutions, EMEA | S&P GLOBAL MARKET INTELLIGENCE
   - Cynthia DELAUME - Investor Relations | INFRAVIA CAPITAL PARTNERS
   - Eva HOËL - Managing Director - Mid Cap | LBO FRANCE
   - Genta HYSI - Head of M&A and Transaction Solutions, Southern Europe | AON M&A AND TRANSACTION SOLUTIONS
   - Laure LAMM-COUTARD - Partner | ELYAN PARTNERS (EDMOND DE ROTHSCHILD PRIVATE EQUITY)
   - Anne-Sophie MOINADE - Investment Director | BRIDGEPOINT
   - Elisabeth MORENO - CEO & Former Minister Delegate for Gender Equality, Diversity and Equal Opportunities | ELISABETH MORENO CONSULTING
   - Monika NACHYLA - Partner, Head of IR | ABRIS CAPITAL PARTNERS
   - Sophie NORDMANN - Partner | SIPAREX
Moderator(s):
   - Emily PENNEC - Partner | MAYER BROWN
   - Laura WEST - Head of Membership | BVCA
INFRASTRUCTURE SUMMIT
02:00 PM / 04:00 PM - Summit Room | Level -1 (Croisette)

Sponsored by

 

 

2 PM | 2022 in Perspective

2:10 PM | Outlook on Infrastructure

  • Why this crisis isn’t like the last 
  • Fundraising expectations
  • Outlook on how assets will perform

 

2:50 PM | Is the Time Right for Private Capital to Look Again at Nuclear?

  • Drivers of nuclear investment – why now?
  • Role of private capital in developing the sector
  • Investment strategies to access opportunities

 

3:30 PM | Networking Coffee

4 PM | Summit Ends

 




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Speaker(s):
   - Christophe BORDES - Transaction Managing Director | INFRACAPITAL
   - Nicolò CASTAGNA - Head of Infrastructure M&A - Southern Europe | AON M&A AND TRANSACTION SOLUTIONS
   - Benoit DESFORGES - Partner & Director, France Nucléaire Fund | SIPAREX
   - Pénélope DIETSCH - Managing Director - European Infrastructure | ICG
   - Caroline KRAGERUD - Head of Investor Relations | CUBE INFRASTRUCTURE MANAGERS
   - Alex MURRAY - VP, Research Insights | PREQIN
   - Giuseppe SANGIOVANNI - Managing Partner Exergon | AUDACIA
   - Michel-André VOLLE - Global Head Investor Relations & Funding Solutions | MERIDIAM
Moderator(s):
   - Alexis HOJABR - Partner | WHITE & CASE
   - René PIGOT - Partner | ACCURACY
PRIVATE DEBT SUMMIT
04:30 PM / 06:30 PM - Summit Room | Level -1 (Croisette)

Sponsored by

 

 

4:30 PM | Next Frontier Leverage

As rate rises put pressure on the financing of leveraged transactions, this session will consider the suitability of alternative debt products that provide additional leverage.

  • Company level: How preferred equity works and when it is used by sponsors. 
  • Portfolio level: How portfolio financing is used to benefit companies. 
  • Exploration of the growth trends and drivers.
  • How do lenders evaluate the suitability of a company?
  • Investor attitudes.

 

5:15 PM | Facing the Stress-Test

This discussion will consider how investors should stress-test their private credit portfolios in the face of a rapidly changing climate.

  • How are funds positioned as they enter the first real test?
  • What is the impact of a decade of loosening covenants when the going gets tough?
  • What corners of private credit offer the best resilience in the climate?

 

6 PM | Networking Drinks

6:30 PM | Summit Ends

 



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Speaker(s):
   - Tyrone COONEY - Partner | ARES MANAGEMENT
   - Abhik DAS - Partner | THREE HILLS CAPITAL PARTNERS
   - Cecile DAVIES - EVP & Portfolio Manager | PIMCO
   - Francesco DI VALMARANA - Partner, Secondaries | PANTHEON
   - Franklin HENROT - Partner | MBO & CO
   - FOKKE LUCAS - Partner | 17CAPITAL
   - Edouard NARBOUX - Managing Director | AETHER FINANCIAL SERVICES
   - Laurent WARLOP - Managing Director | INDIGO CAPITAL
Moderator(s):
   - Maryna IRKLIYENKO - Editor | DEBTWIRE
   - Gabriella KINDERT - Independent Director & Board Member | DOT INVESTING
IPEM2022_program-networking-events-day1_format-rond

Social Events

Participate in dynamic and easy-going events inside and outside the Palais des Festivals, with the serenity of the French Riviera and the turquoise Mediterranean, energizing the mind (and soul) as a bonus.
Download IPEM Cannes 2023 Social Events Program
LP Breakfast
08:00 AM / 09:00 AM - Outside the venue

Sponsored by

An early gathering of LPs with the purpose of networking during breakfast, while surrounded by the natural beauty of Cannes.

Networking Lunch | Private Markets in Africa: in a Mission of Growth for the Continent
12:00 PM / 02:15 PM - Outside the venue

Speakers:

Jean-Hervé LORENZI, President at Le Cercle des Économistes

Emmanuel PINTO MOREIRA, Director – Country Economics Department at African Development Bank Group

Jean-Pierre RAFFARIN, Chairman & Former French Prime Minister at Fondation Prospective et Innovation

Lionel ZINSOU, Managing Partner at Southbridge

 

12 PM | Opening Remarks: “Private Markets in Africa: in a Mission of Growth for the Continent”

€6.8 bn were raised in 2022 by private equity firms operating in Africa, setting up one of the most prosperous vintages in the continent, according to AVCA (African Venture Capital Association). This positive dynamic was witnessed in all asset classes, from VC to Infrastructure. This is good news, but much still needs to be done to fill the huge investment gap in Africa, and to manage the future challenges facing the continent, starting with the climate crisis.

 

12:45 PM | Business Lunch and Roundtable Discussions

2 PM | Closing Remarks

2:15 PM | End (Business Meetings at the Palais des Festivals)

 

New Manager Lunch
12:30 PM / 02:00 PM - Coffee Lounge | Level 1 (Lérins)

Sponsored by

 

A friendly lunch between new managers where they will be able to get to know each other and network.

Official Dinner
08:00 PM / 10:00 PM - Outside the venue

Sponsored by

 

The IPEM Official Dinner is an exclusive and distinguished event with a limited, but curated, list of guests. It is the perfect event for networking in an intimate environment.

Venture Party
10:00 PM / 02:00 AM - Morrison's Irish Pub

Sponsored by

 

In partnership with

 

An invitation-only event (open bar) from 10 PM to 12 AM. Open to all IPEM participants after 12 AM (cash bar).

Powertalks

Powertalks

Join the high-profile speakers taking the stage this year, and learn more about the new trends emerging that will over time become the new foundations on which future sustainable growth is realized.
Download IPEM Cannes 2023 Powertalks Program
LPs: Standing Firm on Shifting Ground | KEYNOTE
09:00 AM / 09:30 AM - Conference Room | Level -1 (Croisette)

Keynote

After a decade of stable LP distributions driven by low interest rates, LPs’ must now reposition themselves for a new reality. As performance metrics adjust, should they stand firm or adjust their approach?


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Speaker(s):
   - Bruno SOLLAZZO - Generali Group Head of PE Investments | GENERALI
Moderator(s):
   - Alex MURRAY - VP, Research Insights | PREQIN
2023: a Stress-Test for Private Markets?
09:30 AM / 10:00 AM - Conference Room | Level -1 (Croisette)

Panel

A panel of veteran LPs put the current economic crisis in historical context, calling on their experience to explain their outlook for the next twelve months. 

  • How does this compare with other crises? 
  • Are firms in the portfolio (and their GPs) better prepared for this downturn than previous? 
  • When will things improve?

View, download and share photos of the session on social media

Speaker(s):
   - Piet-Hein DEN BLANKEN - Managing Director, Primary Fund Investments | ALPINVEST
   - Alessandro TAPPI - Chief Investment Officer | EIF - EUROPEAN INVESTMENT FUND
   - Reji VETTASSERI - Lead Portfolio Manager - Private Markets Funds and Mandates | DECALIA SA
Moderator(s):
   - Harry VANDER ELST - Founder & CEO | ROCKSLING ANALYTICS
Macro Trends to Watch as a Private Markets Investor
10:00 AM / 10:30 AM - Conference Room | Level -1 (Croisette)

Panel

As bottom-up investors, PE can usually brush off too many concerns about macro matters. This time it could be different. The combination in a short period of time means little time to adapt. 

  • Which factors are most pressing? 
  • What characteristics does PE need to have to weather the storm? 
  • An end in sight?

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Speaker(s):
   - Anuj RANJAN - President, Private Equity | BROOKFIELD
   - Carl Johan RENSTRÖM - Partner | EQT PARTNERS
   - Harrie VAN RIJBROEK - Director Private Equity | PGGM
Moderator(s):
   - Tim HAMES - Consultant | 17CAPITAL
Does Liquidity Matter (and Come With a Price) After All?
10:30 AM / 11:00 AM - Conference Room | Level -1 (Croisette)

Panel

LPs are bracing themselves for lower distributions in the next twelve months. Meanwhile, GPs may need to make more capital calls to cover their credit lines. All this places pressure on LP capital. Is this the price you pay for illiquidity? 

  • What trends are emerging around illiquidity? 
  • How will constrained LP capital affect fundraising conditions? 
  • Can we expect more secondary market activity? 

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Speaker(s):
   - François AGUERRE - Partner, Co-Head of Investment | COLLER CAPITAL
   - Eric DERAM - Managing Partner | FLEXSTONE PARTNERS
   - Alex SHIVANANDA - Managing Director | CAMBRIDGE ASSOCIATES
Moderator(s):
   - Madeleine FARMAN - Senior Reporter | PEI MEDIA
The Democratization of Private Markets: Miracle or Mirage?
11:00 AM / 11:45 AM - Conference Room | Level -1 (Croisette)

Panel

Some believe the next big source of capital will come from retail investors. This panel will outline the experience to date and the prospects for the future. 

  • How does a higher interest rate environment change the risk perception for PE as an investment opportunity?
  • Which corners of the private markets industry are best suited for retail investors?
  • Update on ELTIF and the regulatory landscape.

View, download and share photos of the session on social media

Speaker(s):
   - Diana CELOTTO - Managing Director, Wealth Management Private Markets | UBS WEALTH MANAGEMENT
   - Olivier DAUMAN - Head of Private Equity | CFM INDOSUEZ WEALTH MANAGEMENT
   - Michael ELIO - Partner | STEPSTONE GROUP
   - West LOCKHART - Managing Director | BLACKROCK
   - Tom SLOCOCK - Managing Director & Head of International Product Development | ICAPITAL
Moderator(s):
   - Montserrat FORMOSO - Editor & Senior Analyst | FUNDS PEOPLE
Managing Co-Investment Portfolio Risks in Challenging Times
11:45 AM / 12:15 PM - Conference Room | Level -1 (Croisette)

Panel

LPs manage risk in their PE programs all the time. But how does the current environment change their approach to co-investments, and are they ready to get hands-on with underperforming assets? 

  • What are the repercussions for GP-LP relationships if deals turn sour?
  • What skills does a team need to manage exposure through direct programs?
  • Is outsourcing always the answer? 

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Speaker(s):
   - Carole BARNAY - Senior Managing Director, Co-Investment Funds | ARDIAN
   - Mateusz MILEWSKI - Head of Private Equity Department | PZU
   - David SMITH - Senior Managing Director, Co-investments | CAPITAL DYNAMICS
   - Kasper WICHMANN - Managing Editor | PE COMPASS
Moderator(s):
   - Katherine KUCHERENKO - Senior Investment Specialist, Global Real Assets | APG ASSET MANAGEMENT
After the Reality Check, the Road Ahead | KEYNOTE
02:00 PM / 02:30 PM - Conference Room | Level -1 (Croisette)

Keynote

Looking ahead at the big picture, what opportunities can the industry embrace?


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Speaker(s):
   - Bertrand BADRÉ - CEO & Founding Partner | BLUE LIKE AN ORANGE SUSTAINABLE CAPITAL
Why General Public Acceptance is Key For The Next Decade
02:30 PM / 03:00 PM - Conference Room | Level -1 (Croisette)

Panel

A larger, more active PE sector inevitably means scrutiny will follow from new stakeholders. This session will explore what a higher profile means for the industry and how to position themselves to capitalize on the opportunity.

  • How do firms currently handle public affairs and stakeholder engagement?
  • What expectations are there for things to change as the industry becomes more prominent?
  • What lessons are to be learned?

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Speaker(s):
   - Alexis DUPONT - Managing Director | FRANCE INVEST
   - Matti LEPPÄLÄ - Secretary General/CEO | PENSIONSEUROPE
   - Edith MAAT - Managing Director | FEDERATION OF THE DUTCH PENSION FUNDS
Moderator(s):
   - Marc VAN VOORST TOT VOORST - Deputy Managing Director | NVP
Does the PE Industry Have a Talent Crisis?
03:00 PM / 03:30 PM - Conference Room | Level -1 (Croisette)

Panel

It’s over a decade since the last economic crisis. Does anyone remember what it was like? This session will explore: 

  • What is the aptitude of “next-gen” employees to deliver during the current economic climate?
  • How will the industry future-proof itself by attracting the right skills?
  • How will the industry improve diversity in its workforce?

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Speaker(s):
   - Rupert BELL - Director of DACH | PER
   - Isabelle BOUJNAH CORTIAL - Senior Client Partner Private Equity | KORN FERRY
   - Sophie CHATEAU - Partner | LBO FRANCE
Moderator(s):
   - Tim HAMES - Consultant | 17CAPITAL
Changing the Face of Capitalism: a New Roadmap For Private Markets | CLOSING KEYNOTE
03:30 PM / 04:00 PM - Conference Room | Level -1 (Croisette)

Keynote

Sources of private capital are abundant. Companies are staying private for longer. Life as a listed company is getting harder. What are the repercussions for economies, capital markets and broader stakeholders if this trend continues?  

  • Public vs. private – why economic power is shifting?
  • Is governance in the private markets an optimal model?
  • When will regulators catch up?
  • What risks lie around the corner?

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Speaker(s):
   - Jonathan DEAN - Head of Impact Investing & Portfolio Manager | AXA IM ALTS
   - Johnny EL HACHEM - Chief Executive Officer | EDMOND DE ROTHSCHILD PRIVATE EQUITY
   - Pawel GIERYNSKI - Managing Partner | ABRIS CAPITAL PARTNERS
Moderator(s):
   - Antoine COLSON - CEO and Managing Partner | IPEM
IPEM2022_program-summits-and-meetups-day1_format-rond

Summits

Enjoy IPEM’s practical and dynamic sessions on specific topics to go deeper and find solutions together. Take the opportunity to network with participants during lunches or cocktails at the end of each summit.
Download IPEM Cannes 2023 Summits Program
TECH SUMMIT
09:00 AM / 11:00 AM - Summit Room | Level -1 (Croisette)

Sponsored by

 

 

9 AM | Trends Presentation

9:10 AM | Late-Stage VC

Has the tide turned? This session will consider the landscape for venture investing in Europe and where pockets of value lie. 

  • How has the dealmaking landscape changed? 
  • What are the opportunities from falling valuations?
  • How are VCs helping to position portfolios to weather the storm?

 

9:50 AM | Software Buyout Market Outlook

As the market becomes more sophisticated and speicalised, this session wil examine the key trends of the past twelve months and disucss the outlook for the year ahead, including:

  • Valuations and the new financing conditions.
  • US tech PEs on the hunt for deals in Europe.
  • Observations on add-on investing v platform deal strategies

 

10:30 AM | Networking Coffee

11 AM | Summit Ends





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Speaker(s):
   - Jean BOURCEREAU - President and Managing Partner | VENTECH
   - Étienne COSTES - Partner & Head of EY Telecom and Tech Market for Western Europe | EY-PARTHENON
   - Dylan COX - Head of Private Markets Research | PITCHBOOK
   - Sion EVANS - Senior Investment Manager | VENCAP
   - Pierre MARTINI - Managing Partner | ISAI GESTION
   - François ROBINET - Managing Partner | AXA VENTURE PARTNERS
   - Martina SANOW - Partner & Head of Private Capital | HG
   - Guillaume VITRICH - Partner | WHITE & CASE
Moderator(s):
   - Dylan COX - Head of Private Markets Research | PITCHBOOK
   - Matthieu ROSSET - Managing Director | LINCOLN INTERNATIONAL
SECONDARIES SUMMIT
11:30 AM / 01:30 PM - Summit Room | Level -1 (Croisette)

Sponsored by

 

11:30 AM | Overview of Market Trends

11:40 AM | GP-Led Market Updates

Continuation funds have grown substantially in recent years and are the subject of hot debate among investors. This session will consider their relative value, including how to handle potential conflicts of interest. Valuation issues versus standard exits. Is a single asset restructuring actually a co-investment with a fee?

 

12:20 PM | What is Driving a Resurgence of LP-Stakes

This session will look at the persistence of LP stakes within the secondary market. Referencing trends from 2022, the panelists will give their outlook on what lies in store, including:

  • What are the expectations for 2023 activity?
  • Which portfolios may be most likely to come to market?
  • As the market has matured, what should LPs pay attention to?

 

1 PM | Lunch

1:30 PM | Summit Ends





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Speaker(s):
   - Markus BENZLER - Head of Multi-Manager Private Equity | UBS ASSET MANAGEMENT AG
   - Guillaume CAULIER - Principal | LEXINGTON PARTNERS
   - Yvan CHENE - Managing Director, Private Equity - Secondaries | CAPITAL DYNAMICS
   - Bernhard ENGELIEN - Managing Director, Head of European Secondary Capital Advisory | GREENHILL & CO. INTERNATIONAL LLP
   - Andrew R. HARRISON - Managing Director & Head of Europe, Primary Capital Advisory | GREENHILL & CO. INTERNATIONAL LLP
   - Gregory HOLDEN - Partner | ADAMS STREET PARTNERS
   - Cari LODGE - Managing Director | CF PRIVATE EQUITY - SECONDARIES
   - Ricardo MIRÓ-QUESADA - Partner, Head & CIO - Private Equity | ARCANO PARTNERS
   - Kim POCHON - Vice President & Co-Head of the Emerging Manager Program | UNIGESTION
   - Alistair WATSON - Head of Strategy Innovation - Private Equity | ABRDN PRIVATE EQUITY
Moderator(s):
   - Bernhard ENGELIEN - Managing Director, Head of European Secondary Capital Advisory | GREENHILL & CO. INTERNATIONAL LLP
   - Andrew R. HARRISON - Managing Director & Head of Europe, Primary Capital Advisory | GREENHILL & CO. INTERNATIONAL LLP
CLIMATE INVESTING SUMMIT
02:00 PM / 04:00 PM - Summit Room | Level -1 (Croisette)

Sponsored by

 

2 PM | Opening Remarks

The climate summit seeks to provide a forum for genuinely thought-provoking conversations between practitioners, based on participant-based content. The summit is hosted in the spirit of #IPEMGoingGreen, cutting the noise on climate and prompting PE decision-makers to take action.

 

2:10 PM | Part 1: What Companies Do to the Climate

Refresher of the Net Zero Paper, followed by 30-min. roundtable discussions and a 10-min. wrap-up.

 

3:05 PM | Part 2: What the Climate Does to Companies

Panel discussion followed by a Q&A storm with panelists and audience contributions. Ending with a wrap-up.

 

4 PM | Summit Ends

 

 

 





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Speaker(s):
   - Pierre ABADIE - Managing Director & Group Climate Director | TIKEHAU CAPITAL
   - Imène MAHARZI - Senior Advisor | INDEFI
   - Emmanuel PARMENTIER - Managing Partner | INDEFI
   - François-Xavier VUCEKOVIC - Chief Investment Officer | EDMOND DE ROTHSCHILD PRIVATE EQUITY
Moderator(s):
   - Charlotte SALMON - Principal | INDEFI
IPEM2022_program-networking-events-day1_format-rond

Social Events

Participate in dynamic and easy-going events inside and outside the Palais des Festivals, with the serenity of the French Riviera and the turquoise Mediterranean, energizing the mind (and soul) as a bonus.
Download IPEM Cannes 2023 Social Events Program
Single Family Office Lunch
12:30 PM / 02:00 PM - Outside the venue

Sponsored by

 

The purpose of this lunch is to bring together Families Offices in order to develop common topics, enrich your eco-system and exchange ideas on structuring, investment and development. This an invitation-only event exclusively reserved for Single Family Offices.

Mediterranean Bash
04:00 PM / 06:00 PM - Rotonde Terrace | Level 0 (Riviera)

Sponsored by

The Mediterranean Bash is the final moment for all attendees to get together and network. Taking place on the last day of the event, it will stay in people’s minds long after IPEM is over.

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