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CVCA's 2009 ANNUAL CONFERENCE



Calgary Hyatt Regency Hotel
May 27 - 29, 2009


The CVCA annual conference is the premiere networking and professional development event for Canada’s venture capital and private equity industry and our 2009 conference attracted close to 600 industry professionals and influencers from across the country, the U.S. and around the world.

LINK TO PHOTO GALLERY 

LINK TO FULL CONFERENCE BROCHURE - 8 PAGES

SPEAKER PRESENTATIONS NOW POSTED

Click on speakers' name for link to presentation. Please note that if there is no link then there was either no presentation, or the speaker requested that it not be posted.


Wednesday May 27, 2009  
   
6:00 am – 2:00 pm Golf Day - The Links of Glen Eagles, Cochrane, Alberta
Bus Transfer to and from the Hyatt Regency, departs for the course at 6:00 am with estimated travel time 45 minutes to 1 hour. Tee-off at 7:45 am. Estimated return time to hotel is 2:00 pm.

Thank you to our golf hole sponsors: AVAC Ltd. and Alberta Venture Channel.
 
11:15 am- 3:15 pm
 
For Non-Golfers- Bull Riding.
Thank you to our event sponsors AVAC Ltd., and Yaletown Venture Partners.
3:00 – 7:00 pm Conference Registration
   
5:00 – 7:00 pm

Welcome Cocktail Reception
Sponsored by Coller Capital Ltd.

   
Thursday May 28, 2009

7:00 am



Breakfast Buffet
Sponsored by Avrio Ventures Management

   

8:00 am 



Speech available

Welcoming Remarks

Ross Bricker, 2009 Conference Chair, and President & CEO, AVAC Ltd.,

Gregory Smith, President, CVCA- Canada's Venture Capital & Private Equity Association
   
8:10 am












2 Presentations available

Session 1 – The Outlook for the Industry: Facing Head Winds

The panelists will present the most recent data on the venture capital and private equity industry: performance, fund raising, and investment. They will touch upon structural and cyclical issues which are affecting the industry in Canada and globally. The panelists will discuss industry responses now being developed to the difficult economic environment and point to the opportunities that continue to exit.

Moderator: Grant Kook, President & CEO, Westcap Management

Panelists:
Gilles Duruflé, Independent Consultant 
Sacha Ghai, Partner, McKinsey & Company

   
9:10 am








Panel Discussion - no ppt
Session 2 – Asset Allocation – Role of Private Markets Debate
The current volatility across all investment classes has created unique challenges for pension funds around the globe and current asset allocation theories are being put to the test. The objective of this session will be to discuss the role of Private Markets in the overall investment portfolio of leading pension funds in Canada and the US . The session is also intended to address questions such as “Does the traditional asset allocation model work or a more opportunity based approach is needed”?

Moderator: Stephen Hurwitz, Partner, Choate Hall & Stewart LLP

Panelists:
Leo de Bever, Chief Executive Officer, Alberta Investment Management Corp.
Michael Nobrega, President and CEO, OMERS
Clinton P. Harris, Founder and Managing Partner, Grove Street Advisors LLC

   
10:10 am








Presentation available

Session 3 – Giving Back – Canary Foundation

A 25-year veteran of the technology industry – Don Listwin was CEO of Sana Security, Openwave and had been Executive Vice President at Cisco Systems. In 2004 Listwin walked away from his high profile technology career and launched Canary Foundation in order to dramatically accelerate early cancer detection research activities. http://www.canaryfoundation.org

Don Listwin, Founder & Executive Director, Canary Foundation

 

   
10:40 am Coffee / Networking Break
   
11:00 am












Panel Discussion - no ppt

Session 4 – State of the Union – what the future holds for PE from a global perspective

Given the phenomenal growth in PE in the last decade, have we reached the end of the road for PE investing or will the PE asset class withstand the current storm and come out of it even stronger? Hear three of the most influential and well respected PE fund managers address the role of their firm in relation to the current global financial situation and what the future holds for the PE market in general. Moderated by one of Canada 's most respected PE investors, Mark Wiseman Senior Vice President of Investments at CPP, this panel brings together a world class perspective with unique Canadian ties.

Moderator: Mark Jenkins, Vice-President and Head of Private Debt, Canada Pension Plan Investment Board

Panelists:
Michael Phillips, Managing Partner, Apax Partners Beteiligungsberatung GmbH
Seth M. Mersky, Managing Director, ONEX Corporation
Anthony J. (Tony), DiNovi, Co-President, Thomas H. Lee Partners, L.P.

 
noon
Presentation unavailable



12:30 pm

Luncheon Keynote Speaker:
Thomas J. Barrack, Jr, Founder, Chairman and Chief Executive Officer, Colony Capital, LLC
'The Current Crisis'

Deputy Mayor Joe Connelly


12:30 pm

 


Lunch
Sponsored by Deloitte

   
2:00 pm












Panel Discussion - no ppt
Concurrent Session 5A – VC – A Global Perspective

Venture capital firms are facing unique challenges as they confront the global economic downturn. While leading global VC firms such as Accel and NEA have managed to raise billions of dollars of fresh capital over the past 6 months, the fundraising environment for many VC firms and their portfolio companies is challenging. A panel of global VC players discusses what the economic downturn means for venture capital investing, how they are adapting, where they see opportunities, and why VC firms that invest across geographies have a competitive advantage. Could 2009 be an exceptional vintage year for venture?


Moderator: Robert Antoniades, Managing Director, RBC Venture Partners

Panelists:
Yoram Oron, Founder and Managing Partner, Vertex Venture Capital
Kee Lock Chua
, Group President & CEO, Vertex Venture Holdings Ltd. 
Willian K. (Bill) Bryant, Venture Partner, Draper Fisher Jurvetson
Jennifer Brooy , Vice President and Head of Equity, Export Development Canada

   
2:00 pm








One Combined
Presentation available

Concurrent Session 5B – PE Current update on Debt Markets.

Come hear from the leading financial institutions that actively provide senior and junior debt to the Private Equity community in support of new acquisitions and portfolio company re-financings. Very timely market cases will be discussed to flush out current pricing, leverage, terms and conditions available in today's highly volatile business environment.

Moderator: Michael Badham, Partner, Financial Advisory Corporate Finance, Deloitte & Touche LLP

Panelists:
W. J. (Bill) Addington, Executive Vice President, Canadian Western Bank
Blair Cowan, Senior Director and Group Head Leveraged Finance, CIBC Commercial Banking
Richard Kinlough, Managing Director and Group Head, CIT Corporate Finance, Canada
Dan Howat, Senior Vice President, JPMorgan Chase & Co.
Vipon Ghai, Managing Director, Private Equity & Mezzanine, Manulife Financial
Glenn Gibson, Managing Director, Head of Credit Origination Investment Banking, TD Bank Financial Group 

   
3:15 pm  Coffee / Networking Break
   
3:45 pm










One Combined
Presentation available

Concurrent Session 6A - VC Fund raising environment – the future that lies ahead

2009 and 2010 are expected to be the most significant fundraising period for Canadian VCs in the last decade as a number of funds have announced their intention to raise their next fund in this period. How do LPs see the environment and are their objectives aligned with the GPs looking to raise their next fund? In this session, the panelists will outline the opportunities and challenges they are currently facing in the current fundraising environment.

Moderator: Daniel Dupont, Partner, Coller Capital Ltd.

Panelists:
Ian Carew, Vice President, TD Capital Private Equity Investors
Jacques Bernier, Founder, Teralys Capital Fund
Benoît Hogue, Managing Partner, Propulsion Ventures Inc.
Steven Hnatiuk, General Partner, Yaletown Venture Partners
Jim Soleymanlou, Founder and Managing Partner, RainMakers Private Equity

 

   
3:45 pm















5 Presentations
available

Session 6B PE – Current State of the Canadian M&A Market – Where Will Private Equity Play the Largest Role in 2009?

With the current economic crisis eliminating financing options, reducing public valuations to levels not seen for years and eroding business confidence Canadian M&A activity has slowed dramatically. Please join our panel of seasoned dealmakers as we explore the role of private equity in 2009 in relation to the M&A markets. Where will the best opportunities lie for private equity funds? Will privatizations present opportunities for funds and how will these deals get financed? What outlook should private equity funds expect in terms of exits, both in the public markets and privately?

Moderator :W. Ian Palm, Partner, McCarthy Tétrault LLP

Panelists:
Justin Barr, Managing Director, Mergers & Acquisitions,, RBC Capital Markets
John Sherrington, Vice Chairman, Global Head - Private Equity Coverage, Scotia Capital Inc. 
Tony Ianni, President, Ernst & Young Orenda Corporate Finance Inc.
Trevor Gough, Managing Director & Head of CIBC Mid-Market Investment Banking
Dirk Leasure, Managing Director, Financial Sponsors, BMO Capital Markets

   
6:30 pm  

Gala Cocktail Reception
Sponsored by HKMB HUB International and Chubb Insurance

   
7:30 pm 



Presentation unavailable

Media release available

Gala Dinner
Sponsored by RBC Royal Bank of Canada

Gala Dinner Keynote Speaker:
Timothy C. Draper, Founder, Managing Director, Draper Fisher Jurvetson

CVCA's ‘Entrepreneur of the Year Award' presentation

 

   
9:30 pm

Scotch-Tasting
Sponsored by Choate, Hall & Stewart LLP

   
Friday, May 29, 2009  
   
7:00 am

Breakfast Buffet
Sponsored by Avrio Ventures Management

   
8:00 am Opening Remarks
   
8:05 am











Panel Discussion - no ppt

Session 7 – The Case for Private Capital in the Canadian Energy Sector

Private capital has become increasingly relevant to the sustainable development of the Canadian energy sector. Why does the energy sector need private capital? How can private capital providers generate differentiated returns in this sector? What are the critical considerations in building a business through the cycle? Join this group of industry leaders for a discussion on the evolution of the Canadian energy sector private capital landscape and the opportunities ahead in this challenging time. 

Interviewer: Nelson Whitmore, Partner, Energy & International Tax, Deloitte & Touche LLP

Participants:
Kevin J. Brown, Chief Executive Officer and Director, ARC Financial Corporation
Larry Evans, Partner, 32 Degrees Capital
Pentti Karkkainen, Partner, KERN Partners Ltd.

   
9:05 am















4 Presentations available 

Session 8 - Founders Panel - Reflections on Private Equity and Venture over the past 20 years and predictions for what lies ahead.

Private equity and venture investing have dramatically evolved over the last 20 years into highly sophisticated fund managers with multi-pronged strategies, industry focuses, operating expertise and unique styles unto themselves. Please join us for a retrospective discussion of private equity and venture in Canada from four founders who pioneered private investing in Canada . Hear their reflections on their respective funds' success, how they have built their firms and how they approach succession. In addition, hear their views on the structural changes that have taken place over the past two decades and where they see the industry trending in the future.

Moderator : Cody Church, Managing Director, TriWest Capital Partners

Panelists:
Roderick R. Senft, Managing Director, Tricor Pacific Capital, Inc
Brent Belzberg, Sr. Managing Partner, TorQuest Partners 
Marc Beauchamp, President & Managing Partner, Technologies, NOVACAP    Vintage Slide
Robin J. Louis, Angel Investor, Past President, Ventures West Capital Ltd. , Past President, CVCA


10:15 am

Speech unavailable

The Honourable Ed Stelmach, Premier of Alberta

'The Alberta Approach to Building Long-Term Prosperity'
10:45 am Coffee / Networking Break
   
11:05 am 








One Combined 
Presentation available
 

Session 9 - LP Panel - Update on Market Trends

Discussion will center on the current market trends. What are the LPs looking for today? The poster child of the last few years has been geographic expansion, as many LPs committed to funds in the Asian and Emerging Market space. Will that trend continue? Role and importance of secondary market trading in funds and how active are the Institutional investors in the secondary markets.

Moderator: Stuart Waugh, Managing Director, TD Capital Private Equity Investors

Panelists:
Lincoln Webb, Vice President, Private Placements, British Columbia Investment Management Corporation
Paul G. Renaud, President & CEO, OMERS Private Equity
Erol Uzumeri, Senior Vice-President, Head of Private Equity, Teachers' Private Capital, Ontario Teachers' Pension Plan

 

   
12:15 pm Closing Remarks
   
12:30 pm

Networking Lunch
Sponsored by Alberta Enterprise Corporation

   


The Attendees

CVCA's Conference attendees return year after year for the invaluable benefits of networking, with key industry leaders and for the topical issues presented and discussed at the various organized presentation. Participants and sponsors at this prestigious event include the following:

  • Private Equity Investors
  • Venture Capitalists 
  • Institutional & Corporate Investors
  • Investment Bankers/Intermediaries
  • Leveraged Lenders
  • Commercial Banks
  • Service Providers – Lawyers, Insurers, Accountants, Strategic and Financial Advisors, Executive Search
  • Security Exchanges
  • Government and Academia

The Accommodation 

MARRIOTT CALGARY HOTEL: CVCA has a limited room block, negotiated rates available only while supply lasts with guestroom rates of $259,single or double, pre taxes, per night. Our room block is released to public sale on May 11, 2009. Book your accommodation by telephone at 1-800-896-6878 or 1-403-266-7331. Reference “CVC” or 2009 CVCA Annual Conference, May 27- 29, 2009.

HYATT REGENCY: CVCA has a limited room block, negotiated rates available only while supply lasts, with guestroom rates of $241- $349 (pre taxes) per night.     

Golf Day - Wednesday, May 27, 2009

A special opportunity for a limited number of conference attendees to mix a round of golf with a round of networking at The Links of Glen Eagles in Cochrane, Alberta (http://www.gleneaglesgolf.com/ ). This ridgeline course was designed by Les Furber, one of Canada’s most legendary architects, known for turning stunning sites into spectacular golf holes.

Travel with WestJet Airlines:

CVCA has secured a discount for conference attendees of 15% off WestJet's best available regular fare, and 10% off their seat sale fares at the time of booking your flight (excluding web and promotional fares).

THE 2009 CONFERENCE ORGANIZING COMMITTEE:

Chair – Ross Bricker, President & CEO, AVAC Ltd.
Vice-Chair - Rakesh Saraf, Independent Consultant

Chris Arsenault, Managing Partner & COO, iNovia Capital Inc.
David Adderley, Partner, Celtic House Venture Partners
Cody Church, Managing Director, TriWest Capital Partners
Tori Fahey, Vice President, KERN Partners
Ralph Goldsilver, Partner, Private Equity, Meyers Norris Penny LLP
Thomas Hayes, President & CEO, Atlantic Canada, GrowthWorks Atlantic
Bryan Haynes, Partner, Bennett Jones LLP
Steven  Hnatiuk, Partner, Yaletown Venture Partners
Francois Houde, Director, OMERS Private Equity
Richard Kinlough, Managing Director, Group Head, CIT Corporate Finance, Canada
Sharon  Lewis, Director, Business Development, Vertex Venture Capital
Lauren  Linton, Director of Marketing, CVCA
Luc Marengere, Managing General Partner, VenGrowth Private Equity Partners Inc.
W. Ian Palm, Partner, McCarthy Tétrault LLP
Richard Remillard, Executive Director, CVCA
Kathryn Ryan, Director of Operations, CVCA
Sunil Sharma, Director - International Relations, CVCA
Mark Usher, Partner, Wellington Financial LP


GO TO SECURE ONLINE REGISTRATION

2009 SPONSORS:

Choate, Hall & Stewart LLP Coller Capital Ltd. Deloitte
 Enterprise Saskatchewan      HKMB HUB International Chubb Insurance
RBC Royal Bank of Canada
 

Alberta Enterprise Corporation

Alberta Research Council Inc.

 

AVAC Ltd.

 Capital IQ

 McCarthy Tétrault LLP

 

McMillan LLP 
Ontario Venture Capital Fund

 

TD Capital Private Equity Investors

 

 

 

Aird & Berlis LLP

 Alberta Investment Management Corporation

 ARC Financial

 B.C. Renaissance Capital Fund

 
 BDC - Venture Capital

Bennett Jones LLP

 Blaney McMurtry LLP

Canada Pension Plan Investment Board 

 

CIBC Commercial Lending 

 Emerald Technology Ventures

Export Development Canada 

 

Fond de solidarite FTQ

 

Fraser Milner Casgrain LLP

 Gardiner Roberts LLP

GrowthWorks Atlantic Ltd

 

KERN Partners

 

KPMG LLP (Canada)

 

Meyers Norris Penny LLP

OMERS Private Equity

 

RHR International

 

RR Donnelley

 

Stikeman Elliott LLP

 

  Thomson Reuters  

TriWest  Capital Partners

 

VG Partners – part of VenGrowth Private Equity Partners Inc.

 

Wellington Financial

  

Werklund Group

 
ACG Calgary Banff Venture Forum 2009
 www.calgarycfasociety.com Mergers & Acquisition Journal 
Media Edge Publishing Ontario Centres of Excellence
 BREAKFAST SPONSOR 

                                      Avrio Ventures           
 
BLACKBERRY CHARGING STATION SPONSOR

                                       JLA Ventures